Bedmutha Industries Ltd

Bedmutha Industries Ltd

₹ 198 -1.65%
21 Nov - close price
About

Incorporated in 1990, Bedmutha Industries
Ltd is a manufacturer & exporter of steel and copper wires[1]

Key Points

Business Overview:[1][2][3]
BIL is an ISO 9001: 2008 certified manufacturer and exporter of G I Wire, ACSR Wire, Stay/Guy/Earth Wire 7,19,37 Wire Strands, Spring steel wire, Tyre bead wire, Wire for ropes, etc, and various types of wire and wire products.

  • Market Cap 640 Cr.
  • Current Price 198
  • High / Low 323 / 142
  • Stock P/E 19.0
  • Book Value 43.8
  • Dividend Yield 0.00 %
  • ROCE 15.6 %
  • ROE 17.9 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 4.53 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 14.0% over last 3 years.
  • Promoters have pledged 95.1% of their holding.
  • Earnings include an other income of Rs.59.3 Cr.

* 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

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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
189 153 174 172 168 155 191 192 199 192 229 243 251
185 147 171 168 168 148 187 189 191 185 222 232 245
Operating Profit 4 6 3 4 1 8 4 3 8 7 8 11 7
OPM % 2% 4% 2% 2% 0% 5% 2% 2% 4% 4% 3% 4% 3%
16 14 17 16 15 14 17 16 11 14 15 12 18
Interest 8 8 8 8 9 8 9 9 9 8 9 8 9
Depreciation 8 8 8 8 8 8 8 6 7 7 7 5 5
Profit before tax 4 4 4 5 -1 5 4 3 4 6 7 10 11
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
4 4 4 5 -1 5 4 3 4 6 7 10 11
EPS in Rs 1.15 1.27 1.17 1.40 -0.39 1.63 1.27 1.07 1.15 1.96 2.10 3.10 3.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
215 222 321 500 642 603 490 359 387 660 687 812 915
198 205 305 486 612 631 491 360 404 643 670 785 883
Operating Profit 17 17 17 15 30 -28 -1 -1 -17 16 17 26 32
OPM % 8% 8% 5% 3% 5% -5% -0% -0% -4% 2% 2% 3% 4%
3 7 4 5 21 33 29 27 311 58 61 56 59
Interest 10 15 23 41 58 60 65 64 62 32 34 35 34
Depreciation 6 7 10 21 29 27 33 33 36 33 32 27 23
Profit before tax 3 2 -12 -41 -36 -82 -71 -71 197 9 13 20 34
Tax % 35% 31% -29% -3% 0% 0% 0% 0% 0% 0% 0% 0%
2 1 -9 -40 -36 -82 -71 -71 196 9 13 20 34
EPS in Rs 1.08 0.62 -4.07 -18.99 -14.72 -33.42 -28.89 -29.08 60.68 2.87 3.91 6.28 10.44
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 11%
3 Years: 28%
TTM: 24%
Compounded Profit Growth
10 Years: 31%
5 Years: 18%
3 Years: -53%
TTM: 104%
Stock Price CAGR
10 Years: 27%
5 Years: 71%
3 Years: 59%
1 Year: 28%
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 21 21 21 21 25 25 25 25 32 32 32 32 32
Reserves 104 106 101 72 40 -42 -113 -184 46 55 68 88 109
112 183 250 333 398 482 509 505 306 276 251 235 237
98 115 178 183 204 150 157 135 83 128 149 211 205
Total Liabilities 335 425 550 609 666 614 577 481 468 492 500 566 583
101 102 100 265 242 274 241 209 190 165 146 158 153
CWIP 59 143 207 58 83 37 40 44 34 38 35 25 40
Investments 4 4 6 7 7 7 5 4 4 3 3 3 3
170 175 236 279 334 296 291 223 240 285 317 380 387
Total Assets 335 425 550 609 666 614 577 481 468 492 500 566 583

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 39 29 -11 30 8 23 77 58 71 72 74
-88 -87 -75 -36 -30 -11 -2 -3 -6 -11 -8 -28
76 47 61 39 6 14 -42 -74 -53 -62 -57 -51
Net Cash Flow -6 -1 15 -8 6 11 -21 0 -0 -3 7 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 92 81 76 75 69 45 36 51 59 33 37 47
Inventory Days 96 104 127 84 65 24 37 53 46 42 47 33
Days Payable 175 110 165 119 104 70 40 25 63 62 74 82
Cash Conversion Cycle 13 76 38 40 30 -1 33 79 42 13 10 -2
Working Capital Days 96 137 89 76 49 41 50 16 139 85 86 86
ROCE % 6% 6% 3% -0% 5% -5% -1% -2% 71% 11% 13% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
57.05% 57.05% 57.05% 57.05% 57.05% 57.05% 57.05% 57.05% 57.05% 57.05% 57.05% 57.05%
0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.03% 0.03% 0.05%
42.92% 42.95% 42.95% 42.95% 42.95% 42.95% 42.95% 42.96% 42.94% 42.92% 42.94% 42.90%
No. of Shareholders 5,3645,7325,6725,5525,7145,7395,7435,4515,4726,1736,2186,555

* 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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