Bright Brothers Ltd

Bright Brothers Ltd

₹ 426 -7.16%
27 Dec 3:44 p.m.
About

Incorporated in 1947, Bright Brothers Ltd manufactures injection moulded plastics products[1]

Key Points

Business Overview:[1]
Company manufactures and sells Consumer Durable and Plastic Household Containers for various residential and commercial purposes. It deals in a vast range of Plastic Moulders, Plastic Molding and Consumer Durable Products and is a supply partner of many automotive and non automotive OEMs in India, with 6 plants across India

  • Market Cap 242 Cr.
  • Current Price 426
  • High / Low 487 / 134
  • Stock P/E 55.0
  • Book Value 128
  • Dividend Yield 0.23 %
  • ROCE 0.72 %
  • ROE -8.44 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.47 times its book value
  • Company has low interest coverage ratio.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Plastics Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
61.73 64.54 52.33 42.60 47.27 65.40 57.89 55.91 65.47 83.17 88.07
58.48 61.65 51.97 43.32 48.93 63.77 56.74 53.25 61.65 76.43 79.80
Operating Profit 3.25 2.89 0.36 -0.72 -1.66 1.63 1.15 2.66 3.82 6.74 8.27
OPM % 5.26% 4.48% 0.69% -1.69% -3.51% 2.49% 1.99% 4.76% 5.83% 8.10% 9.39%
0.35 0.13 0.62 0.34 0.73 0.65 0.29 0.24 0.38 0.49 0.15
Interest 1.12 1.27 0.85 0.93 0.73 1.50 1.61 1.58 1.88 2.03 2.12
Depreciation 1.70 1.44 1.41 1.39 1.56 2.02 2.07 2.31 2.54 2.43 2.59
Profit before tax 0.78 0.31 -1.28 -2.70 -3.22 -1.24 -2.24 -0.99 -0.22 2.77 3.71
Tax % 29.49% -3.23% -24.22% -24.81% -65.84% 0.00% -1.34% 10.10% 0.00% 10.83% 12.67%
0.55 0.32 -0.97 -2.03 -1.10 -1.24 -2.21 -1.09 -0.22 2.47 3.24
EPS in Rs 0.97 0.56 -1.71 -3.57 -1.94 -2.18 -3.89 -1.92 -0.39 4.35 5.70
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 TTM
230 207 245 293
217 206 235 271
Operating Profit 13 1 9 21
OPM % 6% 0% 4% 7%
36 2 2 1
Interest 5 4 7 8
Depreciation 6 6 9 10
Profit before tax 39 -7 -5 5
Tax % 17% -45% 1%
32 -4 -5 4
EPS in Rs 56.27 -6.65 -8.40 7.74
Dividend Payout % 9% -15% -12%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 167%
Stock Price CAGR
10 Years: 25%
5 Years: 44%
3 Years: 40%
1 Year: 194%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6
Reserves 74 67 62 67
14 20 43 41
84 76 89 105
Total Liabilities 177 168 199 219
42 50 79 82
CWIP 0 7 0 0
Investments 38 15 4 4
98 95 116 133
Total Assets 177 168 199 219

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
0 9
3 0
-3 -2
Net Cash Flow -0 8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Debtor Days 101 96 100
Inventory Days 45 52 53
Days Payable 65 99 109
Cash Conversion Cycle 81 49 44
Working Capital Days 2 9 5
ROCE % -4% 1%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.83% 53.94% 54.03% 54.20% 54.21% 54.21% 54.21% 54.21% 54.21% 54.21% 54.21% 54.21%
46.16% 46.06% 45.97% 45.80% 45.78% 45.78% 45.78% 45.79% 45.78% 45.78% 45.78% 45.78%
No. of Shareholders 5,2955,8715,6795,4845,1034,9834,8144,6614,4794,3384,3624,978

Documents