BMW Industries Ltd
BMW Industries Ltd is primarily engaged in manufacturing, processing and selling of steel products consisting of engineering and other products and services related to the same. [1]
- Market Cap ₹ 1,366 Cr.
- Current Price ₹ 60.7
- High / Low ₹ 86.0 / 28.6
- Stock P/E 23.1
- Book Value ₹ 28.2
- Dividend Yield 0.36 %
- ROCE 12.8 %
- ROE 9.71 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Debtor days have improved from 94.0 to 73.9 days.
- Company's working capital requirements have reduced from 207 days to 118 days
Cons
- The company has delivered a poor sales growth of -8.23% over past five years.
- Company has a low return on equity of 7.86% over last 3 years.
- Dividend payout has been low at 6.52% of profits 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: Steel Industry: Steel - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
661 | 672 | 777 | 945 | 823 | 601 | 357 | 406 | 508 | 535 | |
547 | 555 | 653 | 794 | 681 | 493 | 266 | 307 | 398 | 402 | |
Operating Profit | 114 | 116 | 124 | 150 | 141 | 108 | 91 | 99 | 110 | 134 |
OPM % | 17% | 17% | 16% | 16% | 17% | 18% | 26% | 24% | 22% | 25% |
2 | 2 | 6 | 15 | 24 | 14 | -172 | 13 | 9 | 4 | |
Interest | 50 | 46 | 44 | 47 | 56 | 45 | 29 | 23 | 24 | 20 |
Depreciation | 29 | 32 | 43 | 48 | 46 | 45 | 47 | 43 | 33 | 38 |
Profit before tax | 37 | 40 | 43 | 72 | 63 | 32 | -156 | 45 | 61 | 80 |
Tax % | 13% | 14% | 22% | 29% | 35% | 24% | 25% | 27% | 28% | 26% |
32 | 34 | 34 | 51 | 41 | 24 | -118 | 33 | 44 | 59 | |
EPS in Rs | 14.34 | 15.29 | 1.51 | 2.27 | 1.82 | 1.06 | -5.23 | 1.46 | 1.96 | 2.62 |
Dividend Payout % | 0% | 0% | 0% | 0% | 1% | 0% | 0% | 1% | 10% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -8% |
3 Years: | 14% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | -2% |
TTM: | 43% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 16% |
1 Year: | 109% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 8% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
Reserves | 370 | 404 | 403 | 458 | 499 | 522 | 405 | 519 | 559 | 613 |
593 | 565 | 471 | 428 | 372 | 297 | 270 | 254 | 235 | 103 | |
78 | 78 | 123 | 153 | 150 | 113 | 79 | 89 | 109 | 111 | |
Total Liabilities | 1,063 | 1,070 | 1,019 | 1,061 | 1,043 | 954 | 776 | 885 | 926 | 850 |
547 | 555 | 540 | 513 | 480 | 456 | 390 | 378 | 416 | 461 | |
CWIP | 34 | 24 | 35 | 21 | 23 | 32 | 37 | 35 | 24 | 73 |
Investments | 10 | 10 | 10 | 7 | 7 | 7 | 7 | 26 | 12 | 12 |
472 | 480 | 434 | 520 | 533 | 460 | 342 | 445 | 473 | 304 | |
Total Assets | 1,063 | 1,070 | 1,019 | 1,061 | 1,043 | 954 | 776 | 885 | 926 | 850 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
102 | 145 | 86 | 108 | 129 | 127 | 52 | 103 | 244 | ||
-30 | -48 | 3 | 7 | -9 | -60 | -14 | -51 | -93 | ||
-72 | -97 | -90 | -113 | -120 | -70 | -39 | -45 | -157 | ||
Net Cash Flow | -0 | 0 | -1 | 2 | -0 | -2 | -0 | 7 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 95 | 97 | 85 | 81 | 86 | 74 | 78 | 107 | 101 | 74 |
Inventory Days | 137 | 152 | 134 | 136 | 161 | 242 | 268 | 318 | 220 | 132 |
Days Payable | 25 | 27 | 18 | 38 | 24 | 9 | 61 | 27 | 30 | 39 |
Cash Conversion Cycle | 208 | 222 | 201 | 179 | 224 | 307 | 285 | 398 | 292 | 167 |
Working Capital Days | 193 | 198 | 145 | 137 | 163 | 204 | 223 | 280 | 224 | 118 |
ROCE % | 9% | 9% | 12% | 13% | 9% | 7% | 9% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
6h - Read with schedule III and other applicable regulations, we hereby inform you on the revision in credit ratings by India Ratings as per attached letter
- Closure of Trading Window 29 Jun
- Rumour verification - Regulation 30(11) 17 Jun
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual Secretarial Compliance Report for the Financial Year ended March 31, 2024
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20 May - Transcript of Post earnings (Conference Call) held on 16th May, 24 at 3.30 P.M. for the audited financial results of the company for the quarter …
Annual reports
Concalls
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Jun 2024TranscriptNotesPPTREC
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May 2024Transcript PPT
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptNotesPPT
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Oct 2023TranscriptNotesPPT
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Sep 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Dec 2022TranscriptNotesPPT
Overview
BMW Industry Limited (BMWIL), incorporated in 1981, is one of the largest steel processing company in India, having manufacturing units at multiple location. It is engaged in Manufacturing & Processing of HRPO Coils, CR Coils, GP Coils, GC Sheets, MS and GI pipes, TMT rebars, etc. for marquee steel players in India. It is into processing of Long and Flat Products and operates one of the largest independent cold rolling and galvanizing facility, in the country.[1]