Bangalore Fort Farms Ltd

Bangalore Fort Farms Ltd

₹ 52.1 -4.99%
18 Nov - close price
About

Incorporated in 1966, Bangalore Fort Farms Ltd manufactures and exports Agro products

Key Points

Business Overview:[1][2]
Company manufactures and exports premium quality jute products such as jute yarn, jute ropes and also custom made products. Company also procures different agro products such as fruits, vegetables and stores them in cold storage facilities for selling them in off season in different markets of W. Bengal such as Sealdah, Asansol, Bardhaman etc. Company also entered into exports of Jute bags and accessories after setting up a unit in Falta SEZ. It also imports and exports metal handicrafts along with raw jute and merchandise, import, export of metal handicrafts, merchandise, etc.

  • Market Cap 25.0 Cr.
  • Current Price 52.1
  • High / Low 71.6 / 16.2
  • Stock P/E 626
  • Book Value 16.2
  • Dividend Yield 0.38 %
  • ROCE 9.60 %
  • ROE 4.49 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 98.5 days to 64.6 days

Cons

  • Stock is trading at 3.22 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 33.2%
  • Company has a low return on equity of 2.98% over last 3 years.

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3.35 2.75 12.14 5.40 2.09 7.53 9.44 4.59 5.37 9.37 18.00 10.75 12.40
3.28 2.58 11.93 5.18 2.10 7.35 9.60 4.51 4.78 9.21 17.67 10.54 12.44
Operating Profit 0.07 0.17 0.21 0.22 -0.01 0.18 -0.16 0.08 0.59 0.16 0.33 0.21 -0.04
OPM % 2.09% 6.18% 1.73% 4.07% -0.48% 2.39% -1.69% 1.74% 10.99% 1.71% 1.83% 1.95% -0.32%
0.02 0.01 0.08 0.06 0.17 0.00 0.26 0.08 0.00 0.00 0.04 0.11 0.19
Interest 0.09 0.05 0.10 0.09 0.06 0.08 0.10 0.11 0.11 0.08 0.24 0.13 0.14
Depreciation 0.05 0.05 0.05 0.05 0.05 0.04 0.04 0.04 0.08 0.07 0.08 0.08 0.09
Profit before tax -0.05 0.08 0.14 0.14 0.05 0.06 -0.04 0.01 0.40 0.01 0.05 0.11 -0.08
Tax % -120.00% 162.50% 50.00% 50.00% 40.00% 150.00% 100.00% 0.00% 27.50% 0.00% 40.00% 27.27% 0.00%
0.02 -0.05 0.07 0.07 0.03 -0.03 -0.08 0.01 0.30 0.01 0.03 0.08 -0.08
EPS in Rs 0.04 -0.10 0.15 0.15 0.06 -0.06 -0.17 0.02 0.63 0.02 0.06 0.17 -0.17
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.01 0.00 0.53 0.66 0.24 9.80 17.19 19.05 20.19 22.33 24.45 37.33 50.52
0.08 0.04 0.53 0.64 0.24 9.45 16.76 18.32 19.91 21.86 24.23 36.17 49.86
Operating Profit -0.07 -0.04 0.00 0.02 0.00 0.35 0.43 0.73 0.28 0.47 0.22 1.16 0.66
OPM % -700.00% 0.00% 3.03% 0.00% 3.57% 2.50% 3.83% 1.39% 2.10% 0.90% 3.11% 1.31%
6.61 0.19 0.01 0.00 0.00 0.03 0.23 0.45 0.53 0.39 0.49 0.13 0.34
Interest 0.03 0.00 0.00 0.00 0.00 0.00 0.04 0.41 0.36 0.32 0.33 0.54 0.59
Depreciation 0.00 0.00 0.00 0.00 0.00 0.03 0.11 0.20 0.13 0.19 0.18 0.27 0.32
Profit before tax 6.51 0.15 0.01 0.02 0.00 0.35 0.51 0.57 0.32 0.35 0.20 0.48 0.09
Tax % 23.20% 33.33% 0.00% 0.00% 22.86% -15.69% 12.28% 50.00% 57.14% 20.00% 29.17%
5.00 0.10 0.00 0.02 0.00 0.28 0.58 0.51 0.16 0.15 0.17 0.34 0.04
EPS in Rs 0.00 0.08 0.00 0.58 1.21 1.06 0.33 0.31 0.35 0.71 0.08
Dividend Payout % 3.20% 0.00% 0.00% 0.00% 0.00% 14.78% 0.00% 0.00% 0.00% 282.35%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 23%
TTM: 88%
Compounded Profit Growth
10 Years: 14%
5 Years: -10%
3 Years: 29%
TTM: -80%
Stock Price CAGR
10 Years: %
5 Years: 27%
3 Years: 54%
1 Year: 192%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 3%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.08 0.08 2.61 2.61 2.61 4.80 4.80 4.80 4.80 4.80 4.80 4.80 4.80
Reserves 2.59 2.69 0.42 0.44 0.45 1.10 1.75 2.25 2.34 2.48 2.65 2.90 2.96
0.00 0.00 0.12 0.16 0.20 0.50 3.04 2.55 3.00 3.85 3.24 2.87 7.86
0.39 0.02 0.03 0.04 0.02 1.57 2.67 6.31 6.85 2.61 2.94 6.19 4.74
Total Liabilities 3.06 2.79 3.18 3.25 3.28 7.97 12.26 15.91 16.99 13.74 13.63 16.76 20.36
0.00 0.00 0.00 0.00 0.00 0.43 1.58 1.38 2.45 2.11 3.15 3.77 3.97
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3.06 2.79 3.18 3.25 3.28 7.54 10.68 14.53 14.54 11.63 10.48 12.99 16.39
Total Assets 3.06 2.79 3.18 3.25 3.28 7.97 12.26 15.91 16.99 13.74 13.63 16.76 20.36

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 -0.26 -0.80 -2.19 0.03 -2.01 -1.68 1.19 0.19 0.22 0.93 1.39
0.00 -0.48 0.46 2.16 -0.10 -0.43 -1.06 0.29 -0.89 0.19 -0.97 -0.88
0.00 -0.19 0.31 0.04 0.04 2.88 2.51 -0.90 0.00 0.57 -0.93 -0.46
Net Cash Flow 0.00 -0.93 -0.03 0.00 -0.03 0.44 -0.22 0.58 -0.70 0.98 -0.96 0.05

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 365.00 110.19 160.38 121.67 206.34 143.96 153.86 134.50 57.37 64.79 56.71
Inventory Days 761.29 1,986.44 9,185.83 45.78 7.79 56.39 74.69 63.88 50.59 42.22
Days Payable 0.00 0.00 0.00 52.66 46.72 134.72 117.82 29.33 38.42 56.19
Cash Conversion Cycle 365.00 871.47 2,146.82 9,307.50 199.45 105.03 75.53 91.38 91.93 76.96 42.74
Working Capital Days -10,220.00 633.58 1,730.98 4,714.58 200.75 133.34 111.90 124.38 120.79 110.17 64.63
ROCE % 10.37% 5.15% 0.34% 0.63% 0.00% 7.25% 6.88% 10.21% 6.89% 6.30% 4.86% 9.60%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
33.25% 33.25% 33.25% 33.25% 33.25% 33.25% 33.25% 33.25% 33.25% 33.25% 33.25% 33.25%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
66.75% 66.75% 66.75% 66.76% 66.75% 66.75% 66.75% 66.75% 66.75% 66.76% 66.75% 66.74%
No. of Shareholders 8718718719559669819801,0091,3001,4301,4021,518

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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