Bang Overseas Ltd

Bang Overseas Ltd

₹ 54.4 0.37%
22 Nov - close price
About

Incorporated in 1992, Bang Overseas Ltd (BOL) is a manufacturer and exporter of men’s wear from India and Macedonia. They also provide services like concept development, designing, manufacturing, logistics and marketing [1]

Key Points

Brands
They have 3 brands in their portfolio:
Thomas Scott - Formal shirts, Semi-formal, and Business casual shirts [1]
Italian Gold - Sourcing facility of Bang overseas Ltd. It has a tie up with Roberto Ferrari to solely market its premium fabric in India. This gives it the made-in-Italy label [2]
Hammersmith - Shirts that are branded into 4 categories: Dress Shirts Luxury, Dress Shirts Exotica, Dress Shirts Classic, and Smart Shirts [3]

  • Market Cap 73.7 Cr.
  • Current Price 54.4
  • High / Low 70.0 / 42.8
  • Stock P/E
  • Book Value 62.6
  • Dividend Yield 0.00 %
  • ROCE -5.57 %
  • ROE -8.98 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.87 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 189 to 89.5 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.73% over last 3 years.
  • Contingent liabilities of Rs.32.4 Cr.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
18.12 26.11 25.41 26.20 28.37 30.19 32.77 29.68 30.42 36.82 36.80 41.94 48.44
17.04 24.46 23.87 23.62 27.88 29.97 32.11 30.82 34.33 40.13 36.92 48.34 47.99
Operating Profit 1.08 1.65 1.54 2.58 0.49 0.22 0.66 -1.14 -3.91 -3.31 -0.12 -6.40 0.45
OPM % 5.96% 6.32% 6.06% 9.85% 1.73% 0.73% 2.01% -3.84% -12.85% -8.99% -0.33% -15.26% 0.93%
0.48 0.34 0.52 0.40 0.45 0.75 0.58 0.85 0.88 0.80 0.42 0.44 0.60
Interest 0.19 0.12 0.27 0.21 0.28 0.37 0.39 0.32 0.40 0.35 0.44 0.21 0.49
Depreciation 0.42 0.41 0.37 0.34 0.34 0.34 0.35 0.33 0.34 0.37 0.38 0.35 0.36
Profit before tax 0.95 1.46 1.42 2.43 0.32 0.26 0.50 -0.94 -3.77 -3.23 -0.52 -6.52 0.20
Tax % 49.47% -19.86% -7.75% 58.85% 90.62% 57.69% 98.00% 21.28% -3.45% -0.31% -26.92% -32.98% 95.00%
0.49 1.75 1.52 1.00 0.04 0.10 0.01 -1.14 -3.64 -3.22 -0.38 -4.37 0.02
EPS in Rs 0.36 1.29 1.12 0.74 0.03 0.07 0.01 -0.84 -2.68 -2.37 -0.28 -3.22 0.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
270 194 148 159 173 187 168 110 57 83 117 134 164
264 209 149 155 167 184 166 109 58 78 113 142 173
Operating Profit 6 -15 -1 5 6 3 2 1 -1 6 4 -8 -9
OPM % 2% -8% -1% 3% 4% 1% 1% 1% -2% 7% 3% -6% -6%
4 4 3 3 4 4 3 10 5 2 2 3 2
Interest 5 5 5 5 2 1 1 1 1 1 1 2 1
Depreciation 1 1 3 2 2 2 2 2 2 2 1 1 1
Profit before tax 4 -17 -6 1 6 4 2 8 1 5 4 -8 -10
Tax % 64% -1% -5% -11% 35% 13% 95% 5% -49% 2% 67% -1%
1 -17 -6 1 4 3 0 7 1 5 1 -8 -8
EPS in Rs 0.97 -12.60 -4.12 0.84 2.80 2.35 0.07 5.38 1.03 3.64 0.85 -6.18 -5.86
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: -4%
3 Years: 33%
TTM: 33%
Compounded Profit Growth
10 Years: 4%
5 Years: %
3 Years: %
TTM: -70%
Stock Price CAGR
10 Years: 16%
5 Years: 27%
3 Years: 19%
1 Year: -17%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: -1%
Last Year: -9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 14 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 76 59 53 54 66 70 70 77 78 83 84 76 71
71 77 41 42 44 31 29 27 24 28 33 30 32
18 18 30 28 27 52 45 34 22 20 34 39 49
Total Liabilities 179 168 138 139 151 166 157 152 138 145 165 159 166
19 22 21 20 28 32 31 20 20 18 18 19 19
CWIP 10 10 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 11 11 1 0 0 0 0 0 0 0 0
149 135 106 108 122 134 126 131 117 126 146 139 147
Total Assets 179 168 138 139 151 166 157 152 138 145 165 159 166

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-16 3 37 4 -0 7 3 1 4 -14 11 -13
-5 -1 -0 -1 -2 -3 -5 2 2 10 -16 17
15 2 -40 -3 1 -7 1 -3 -5 4 4 -4
Net Cash Flow -7 5 -4 -0 -0 -3 -0 0 1 -0 -1 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 113 15 97 106 121 158 139 191 354 297 182 89
Inventory Days 44 95 100 90 91 66 92 148 208 190 188 261
Days Payable 22 29 76 68 63 112 96 127 167 107 125 126
Cash Conversion Cycle 136 80 121 129 149 112 135 212 395 380 245 224
Working Capital Days 154 175 139 136 159 128 152 278 518 419 278 242
ROCE % 6% -8% -0% 6% 6% 4% 3% 2% 2% 5% 4% -6%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.98% 72.98% 72.98% 72.98% 72.76% 72.98% 72.98% 72.98% 72.98% 72.98% 72.98% 72.98%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.02% 0.00% 0.00% 0.05%
27.02% 27.02% 27.02% 27.02% 27.23% 27.01% 27.02% 27.01% 27.01% 27.02% 27.03% 26.96%
No. of Shareholders 5,6855,8588,0457,8327,7607,6037,4817,2787,0356,5336,5116,999

* 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.

Click on the line-items to see the names of individual entities.

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