Bharat Bijlee Ltd
Established in 1946, Bharat Bijlee is a leading electrical engineering company in India engaged in manufacturing of transformers, electric motors, elevator systems, drives and automation. It also provides turnkey solutions for EHV switchyards, HV and MV substations, Electrical Balance of Plant, etc. [1]
- Market Cap ₹ 5,650 Cr.
- Current Price ₹ 4,998
- High / Low ₹ 5,200 / 1,585
- Stock P/E 43.0
- Book Value ₹ 1,651
- Dividend Yield 0.40 %
- ROCE 10.6 %
- ROE 8.11 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 27.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 24.2%
- Company's working capital requirements have reduced from 120 days to 63.9 days
Cons
- Stock is trading at 3.03 times its book value
- Promoter holding is low: 33.7%
- Company has a low return on equity of 6.90% 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: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
541 | 485 | 610 | 638 | 677 | 774 | 932 | 929 | 731 | 1,266 | 1,418 | 1,872 | |
541 | 491 | 628 | 618 | 658 | 737 | 872 | 858 | 692 | 1,179 | 1,299 | 1,701 | |
Operating Profit | -0 | -6 | -18 | 20 | 20 | 37 | 61 | 70 | 39 | 87 | 120 | 172 |
OPM % | -0% | -1% | -3% | 3% | 3% | 5% | 7% | 8% | 5% | 7% | 8% | 9% |
17 | 18 | 18 | 21 | 27 | 68 | 29 | 30 | 27 | 24 | 29 | 38 | |
Interest | 15 | 15 | 23 | 23 | 19 | 23 | 20 | 23 | 19 | 24 | 24 | 21 |
Depreciation | 11 | 11 | 12 | 10 | 10 | 9 | 8 | 9 | 10 | 12 | 13 | 15 |
Profit before tax | -8 | -13 | -34 | 7 | 18 | 73 | 62 | 69 | 37 | 75 | 111 | 174 |
Tax % | 41% | 16% | 1% | 2% | 20% | 16% | 33% | 34% | 29% | 25% | 25% | 24% |
-5 | -11 | -34 | 7 | 14 | 61 | 42 | 46 | 26 | 56 | 83 | 131 | |
EPS in Rs | -4.31 | -9.99 | -30.13 | 6.36 | 12.76 | 53.96 | 36.75 | 40.37 | 23.05 | 49.19 | 73.65 | 116.32 |
Dividend Payout % | -29% | 0% | 0% | 0% | 0% | 2% | 17% | 15% | 11% | 30% | 27% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 15% |
3 Years: | 37% |
TTM: | 32% |
Compounded Profit Growth | |
---|---|
10 Years: | 29% |
5 Years: | 27% |
3 Years: | 74% |
TTM: | 58% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 57% |
3 Years: | 101% |
1 Year: | 216% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 8% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 306 | 295 | 260 | 267 | 646 | 686 | 746 | 750 | 967 | 1,118 | 1,372 | 1,859 |
85 | 81 | 133 | 169 | 178 | 215 | 199 | 248 | 238 | 279 | 287 | 158 | |
193 | 193 | 201 | 201 | 213 | 208 | 197 | 237 | 266 | 258 | 386 | 481 | |
Total Liabilities | 589 | 576 | 599 | 642 | 1,042 | 1,114 | 1,148 | 1,240 | 1,476 | 1,660 | 2,052 | 2,505 |
97 | 94 | 84 | 77 | 72 | 65 | 69 | 74 | 102 | 105 | 108 | 130 | |
CWIP | 2 | 1 | 1 | 1 | 1 | 7 | 8 | 24 | 3 | 3 | 2 | 3 |
Investments | 24 | 12 | 8 | 8 | 352 | 347 | 376 | 353 | 561 | 673 | 890 | 1,324 |
466 | 469 | 507 | 556 | 618 | 693 | 695 | 790 | 810 | 878 | 1,051 | 1,048 | |
Total Assets | 589 | 576 | 599 | 642 | 1,042 | 1,114 | 1,148 | 1,240 | 1,476 | 1,660 | 2,052 | 2,505 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | 6 | -41 | -5 | 13 | -53 | 53 | 12 | 39 | -9 | 52 | 241 | |
-12 | 11 | 10 | -11 | 6 | 26 | -20 | -22 | -13 | -14 | -10 | -52 | |
-6 | -18 | 31 | 14 | -7 | 18 | -34 | 10 | -20 | 17 | -31 | -182 | |
Net Cash Flow | -11 | -1 | 0 | -2 | 12 | -10 | -1 | 1 | 6 | -6 | 11 | 7 |
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 | 127 | 119 | 127 | 128 | 120 | 140 | 100 | 115 | 120 | 99 | 99 | 74 |
Inventory Days | 84 | 120 | 68 | 80 | 91 | 74 | 81 | 114 | 190 | 86 | 116 | 70 |
Days Payable | 123 | 142 | 115 | 114 | 115 | 103 | 84 | 96 | 133 | 54 | 71 | 56 |
Cash Conversion Cycle | 88 | 97 | 80 | 94 | 97 | 111 | 98 | 133 | 178 | 130 | 145 | 88 |
Working Capital Days | 142 | 179 | 98 | 107 | 141 | 188 | 172 | 197 | 257 | 122 | 174 | 64 |
ROCE % | 2% | 0% | -3% | 7% | 6% | 6% | 9% | 9% | 5% | 8% | 9% |
Documents
Announcements
- Board Meeting Intimation for Approval And Adoption Of The Unaudited Financial Results Of The Company, For The Quarter Ended June 30, 2024. 28 Jun
- Closure of Trading Window 28 Jun
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Announcement under Regulation 30 (LODR)-Credit Rating
14 Jun - Of Reaffirmation / Upgrade of Ratings and Outlook Revision
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 10 Jun
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Secretarial Compliance Report, for the Financial Year 2023-2024
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Business Segments