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 ₹ 1,349 Cr.
- Current Price ₹ 59.9
- High / Low ₹ 86.0 / 46.0
- Stock P/E 19.1
- Book Value ₹ 31.0
- Dividend Yield 0.72 %
- ROCE 13.2 %
- ROE 10.1 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Debtor days have improved from 70.5 to 37.6 days.
- Company's working capital requirements have reduced from 164 days to 83.7 days
Cons
- The company has delivered a poor sales growth of -6.31% over past five years.
- Company has a low return on equity of 8.38% over last 3 years.
- Dividend payout has been low at 8.25% 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
Part of BSE Industrials BSE Allcap BSE SmallCap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
674 | 779 | 948 | 829 | 615 | 398 | 447 | 562 | 598 | 605 | |
557 | 655 | 797 | 688 | 505 | 302 | 342 | 433 | 452 | 457 | |
Operating Profit | 117 | 124 | 151 | 141 | 110 | 95 | 105 | 130 | 146 | 148 |
OPM % | 17% | 16% | 16% | 17% | 18% | 24% | 24% | 23% | 24% | 25% |
2 | 7 | 16 | 27 | 15 | -228 | 13 | 9 | 4 | 6 | |
Interest | 47 | 44 | 47 | 56 | 46 | 29 | 23 | 24 | 20 | 16 |
Depreciation | 33 | 44 | 48 | 47 | 47 | 53 | 49 | 40 | 45 | 43 |
Profit before tax | 39 | 43 | 72 | 65 | 32 | -215 | 46 | 75 | 86 | 95 |
Tax % | 14% | 22% | 29% | 35% | 31% | -18% | 24% | 27% | 26% | |
33 | 34 | 51 | 42 | 22 | -175 | 35 | 54 | 64 | 71 | |
EPS in Rs | 15.03 | 1.50 | 2.28 | 1.85 | 0.97 | -7.80 | 1.53 | 2.42 | 2.83 | 3.14 |
Dividend Payout % | 0% | 0% | 0% | 1% | 0% | 0% | 1% | 8% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -6% |
3 Years: | 15% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 1% |
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
Consolidated Figures in Rs. Crores / View Standalone
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 |
Reserves | 536 | 534 | 594 | 635 | 672 | 497 | 531 | 580 | 639 | 674 |
569 | 473 | 428 | 372 | 306 | 279 | 256 | 238 | 106 | 188 | |
81 | 127 | 154 | 161 | 131 | 97 | 91 | 116 | 109 | 126 | |
Total Liabilities | 1,208 | 1,157 | 1,199 | 1,190 | 1,131 | 895 | 900 | 956 | 875 | 1,010 |
564 | 547 | 516 | 483 | 522 | 450 | 432 | 464 | 502 | 506 | |
CWIP | 24 | 35 | 21 | 23 | 32 | 37 | 35 | 24 | 92 | 131 |
Investments | 87 | 85 | 79 | 77 | 70 | 22 | 15 | 0 | 0 | 32 |
533 | 489 | 583 | 608 | 506 | 386 | 418 | 467 | 281 | 341 | |
Total Assets | 1,208 | 1,157 | 1,199 | 1,190 | 1,131 | 895 | 900 | 956 | 875 | 1,010 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
103 | 146 | 92 | 109 | 128 | 123 | 64 | 126 | 268 | |
-30 | -47 | -1 | 9 | -6 | -66 | -20 | -57 | -112 | |
-74 | -99 | -92 | -114 | -122 | -62 | -44 | -62 | -157 | |
Net Cash Flow | -1 | 1 | -1 | 4 | 0 | -4 | 0 | 7 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 106 | 86 | 83 | 93 | 82 | 94 | 90 | 84 | 38 |
Inventory Days | 153 | 134 | 136 | 160 | 246 | 274 | 321 | 226 | 134 |
Days Payable | 27 | 20 | 39 | 31 | 30 | 99 | 36 | 41 | 35 |
Cash Conversion Cycle | 232 | 200 | 180 | 223 | 298 | 270 | 375 | 268 | 136 |
Working Capital Days | 224 | 168 | 159 | 189 | 211 | 208 | 224 | 185 | 84 |
ROCE % | 8% | 11% | 12% | 8% | 6% | 8% | 12% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18h - Transcript of the Post Earnings (Conference) Call held on November 18, 2024 at 2.00 P.M. (IST) organized by Arihant Capital Markets Ltd, on the interaction …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 Nov - Audio recording of earnings call available on website.
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Strategy Presentation
16 Nov - Submission of H1 FY25 strategy presentation by BMW Industries.
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Announcement under Regulation 30 (LODR)-Investor Presentation
16 Nov - Investors Presentation on the Financial Results for the Quarter and half year ended September 30, 2024, is enclosed herewith for appropriate dissemination.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Nov - We have published the Un-Audited Standalone and Consolidated Financial Results of the Company for the Quarter and half year ended September 30, 2024 in the …
Annual reports
Concalls
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT REC
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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]