BMW Industries Ltd

BMW Industries Ltd

₹ 59.9 4.24%
22 Nov - close price
About

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]

Key Points

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]

  • Market Cap 1,349 Cr.
  • Current Price 59.9
  • High / Low 86.0 / 46.0
  • Stock P/E 22.3
  • Book Value 29.4
  • Dividend Yield 0.72 %
  • ROCE 12.8 %
  • ROE 9.68 %
  • 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 7.85% over last 3 years.
  • Dividend payout has been low at 9.32% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
94 105 111 126 133 127 122 142 140 124 129 152 135
71 82 82 101 105 91 101 109 106 95 92 118 106
Operating Profit 23 23 29 25 28 36 21 34 35 29 36 34 29
OPM % 24% 22% 26% 20% 21% 29% 17% 24% 25% 23% 28% 22% 22%
2 4 5 3 1 1 4 1 2 1 0 2 2
Interest 6 6 6 6 6 5 6 6 5 5 4 4 4
Depreciation 11 11 10 11 11 12 -1 9 9 11 9 8 9
Profit before tax 8 11 18 11 12 20 19 20 22 14 24 23 19
Tax % 22% 30% 31% 26% 26% 29% 30% 27% 29% 26% 23% 26% 27%
7 8 12 8 9 14 13 14 16 11 18 17 14
EPS in Rs 0.29 0.34 0.55 0.36 0.40 0.62 0.59 0.64 0.70 0.47 0.81 0.77 0.63
Raw PDF

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 TTM
661 672 777 945 823 601 357 406 508 535 539
547 555 653 794 681 493 266 307 398 402 411
Operating Profit 114 116 124 150 141 108 91 99 110 134 128
OPM % 17% 17% 16% 16% 17% 18% 26% 24% 22% 25% 24%
2 2 6 15 24 14 -172 13 9 4 6
Interest 50 46 44 47 56 45 29 23 24 20 16
Depreciation 29 32 43 48 46 45 47 43 33 38 37
Profit before tax 37 40 43 72 63 32 -156 45 61 80 81
Tax % 13% 14% 22% 29% 35% 24% -25% 27% 28% 26%
32 34 34 51 41 24 -118 33 44 59 61
EPS in Rs 14.34 15.29 1.51 2.27 1.82 1.06 -5.23 1.46 1.96 2.62 2.68
Dividend Payout % 0% 0% 0% 0% 1% 0% 0% 1% 10% 16%
Compounded Sales Growth
10 Years: %
5 Years: -8%
3 Years: 14%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: -2%
TTM: 6%
Stock Price CAGR
10 Years: %
5 Years: 29%
3 Years: 17%
1 Year: 0%
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 Sep 2024
Equity Capital 23 23 23 23 23 23 23 23 23 23 23
Reserves 370 404 403 458 499 522 405 519 559 613 639
593 565 471 428 372 297 270 254 235 103 141
78 78 123 153 150 113 79 89 109 111 136
Total Liabilities 1,063 1,070 1,019 1,061 1,043 954 776 885 926 849 939
547 555 540 513 480 456 390 378 416 461 468
CWIP 34 24 35 21 23 32 37 35 24 73 85
Investments 10 10 10 7 7 7 7 26 12 12 44
472 480 434 520 533 460 342 445 473 304 342
Total Assets 1,063 1,070 1,019 1,061 1,043 954 776 885 926 849 939

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% 13%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.96% 73.96% 73.96% 73.95% 73.95% 73.99% 73.99% 73.99% 73.99% 73.99% 73.99% 74.28%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.04% 0.00% 0.00%
24.35% 24.06% 24.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1.69% 1.98% 2.01% 26.03% 26.03% 25.99% 26.00% 26.00% 25.98% 25.96% 26.01% 25.72%
No. of Shareholders 4,5816,4907,1437,7957,7438,0909,01012,57122,13733,64540,76150,060

* 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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