Bombay Burmah Trading Corporation Ltd

Bombay Burmah Trading Corporation Ltd

₹ 2,489 -2.86%
21 Nov 4:00 p.m.
About

Founded in the year 1863, Bombay Burmah Trading Corporation Limited (BBTCL) is a flagship Company of Wadia Group.
Originally BBTCL was formed as a public company to carry out Teak business of William Wallace and was catering to domestic demands. Later in 1913 BBTCL turned to tea plantations by investing in Tea estates in South India.

Currently BBTCL has its presence in diversified business of Tea, Coffee, other plantation products, Biscuits, Dairy products, Auto electric and White goods, weighing products, horticulture, Healthcare products, Dental, orthopedic and ophthalmic products. [1]

Key Points

Part of the Wadia Group
The company is one of the flagship entities of the Wadia Group and has been in existence for over 150 years. The Wadia Group is one of the oldest conglomerates in India, with a diversified presence in consumer goods, healthcare, real estate, aviation, chemicals, and auto-electrical components. [1] [2]

  • Market Cap 17,404 Cr.
  • Current Price 2,489
  • High / Low 2,975 / 1,259
  • Stock P/E 14.1
  • Book Value 732
  • Dividend Yield 0.05 %
  • ROCE 28.3 %
  • ROE 16.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 8.41% over past five years.
  • Company has a low return on equity of -17.6% 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

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
3,698 3,662 3,712 3,776 4,459 4,280 4,108 4,087 4,524 4,337 4,162 4,333 4,761
3,268 3,285 3,313 3,654 4,056 3,756 3,431 3,748 3,737 3,538 3,399 3,598 4,037
Operating Profit 430 376 399 121 403 524 678 339 787 799 763 736 724
OPM % 12% 10% 11% 3% 9% 12% 16% 8% 17% 18% 18% 17% 15%
137 59 85 150 118 483 -1,532 97 66 269 105 29 187
Interest 65 66 63 89 112 110 113 127 155 53 29 31 37
Depreciation 54 54 54 55 55 61 69 74 75 81 84 77 80
Profit before tax 448 316 367 128 353 836 -1,037 235 624 934 756 656 794
Tax % 32% 43% 63% 100% 49% 26% 29% 71% 34% 22% 27% 28% 35%
304 179 134 0 181 618 -1,334 68 412 731 549 472 516
EPS in Rs 16.64 -0.32 -7.43 -23.62 -8.63 22.60 -230.58 -22.38 17.49 65.46 40.73 31.86 36.22
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
6,519 7,271 8,197 8,762 9,434 10,238 11,423 11,889 13,396 14,507 16,623 17,109 17,593
6,077 6,642 7,335 7,558 8,164 8,919 9,741 10,138 11,247 12,912 14,897 14,195 14,571
Operating Profit 442 629 861 1,204 1,270 1,319 1,683 1,751 2,150 1,595 1,726 2,914 3,022
OPM % 7% 9% 11% 14% 13% 13% 15% 15% 16% 11% 10% 17% 17%
76 88 295 161 186 201 391 440 338 384 -781 290 591
Interest 71 43 41 44 43 55 60 124 151 252 425 364 150
Depreciation 83 94 155 126 131 153 172 200 213 213 239 313 322
Profit before tax 363 579 961 1,195 1,282 1,312 1,841 1,868 2,124 1,514 281 2,527 3,141
Tax % 28% 31% 28% 34% 33% 41% 35% 31% 40% 47% 290% 31%
260 402 696 792 858 773 1,189 1,280 1,278 809 -534 1,737 2,267
EPS in Rs 18.96 29.68 51.15 55.36 60.45 39.76 89.00 85.75 52.96 9.09 -240.22 98.09 174.27
Dividend Payout % 16% 3% 2% 2% 2% 3% 1% 1% 2% 13% -0% 1%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: 9%
TTM: 3%
Compounded Profit Growth
10 Years: 14%
5 Years: 3%
3 Years: 24%
TTM: 339%
Stock Price CAGR
10 Years: 19%
5 Years: 19%
3 Years: 34%
1 Year: 77%
Return on Equity
10 Years: 1%
5 Years: -6%
3 Years: -18%
Last Year: 16%

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 1,133 1,280 1,552 1,899 3,664 3,950 4,403 5,080 5,462 5,483 4,018 4,662 5,092
985 787 883 793 1,014 1,024 956 2,045 2,670 5,880 6,542 2,161 2,957
1,291 1,601 2,043 2,442 2,699 3,344 4,054 4,190 4,271 3,874 5,103 5,121 5,208
Total Liabilities 3,423 3,682 4,493 5,148 7,391 8,332 9,427 11,329 12,418 15,251 15,677 11,959 13,271
1,758 1,875 1,878 1,989 2,217 2,373 2,717 2,889 2,802 2,763 3,638 3,751 3,920
CWIP 152 114 49 91 33 207 108 51 131 561 108 189 58
Investments 333 430 779 1,071 2,365 2,832 3,221 4,998 4,638 3,818 4,795 4,328 4,188
1,179 1,263 1,786 1,997 2,776 2,920 3,381 3,391 4,847 8,109 7,136 3,690 5,105
Total Assets 3,423 3,682 4,493 5,148 7,391 8,332 9,427 11,329 12,418 15,251 15,677 11,959 13,271

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
303 649 656 786 411 1,213 1,104 1,409 1,692 1,447 2,475 2,038
47 -299 -435 -667 -357 -967 -772 -1,643 -393 -2,993 -1,819 3,814
-362 -391 -59 -304 -26 -221 -368 267 -866 1,494 -705 -5,648
Net Cash Flow -13 -41 162 -185 27 26 -35 33 433 -52 -50 204

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 10 9 9 10 9 13 15 11 9 10 9 10
Inventory Days 44 44 39 39 47 43 48 43 56 59 47 47
Days Payable 39 50 56 58 50 60 64 56 64 54 55 63
Cash Conversion Cycle 15 2 -8 -9 5 -4 -1 -1 1 14 1 -6
Working Capital Days -4 -6 -5 6 36 24 31 22 18 19 -6 -9
ROCE % 16% 24% 28% 36% 27% 21% 27% 24% 24% 15% 16% 28%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.05% 74.05% 74.05% 74.05% 74.05%
7.18% 7.29% 7.63% 7.71% 7.82% 7.95% 8.24% 8.27% 8.48% 8.96% 8.86% 9.48%
1.15% 1.18% 1.18% 1.18% 1.20% 1.19% 1.19% 1.30% 1.25% 1.27% 1.45% 1.50%
17.63% 17.49% 17.14% 17.06% 16.95% 16.83% 16.53% 16.39% 16.22% 15.71% 15.64% 14.97%
No. of Shareholders 48,26246,46545,15344,96044,35643,68640,49538,08633,32232,50034,10440,610

* 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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