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 18.9
  • Book Value 43.7
  • Dividend Yield 0.00 %
  • ROCE 15.8 %
  • ROE 18.6 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 4.54 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
  • 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

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
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 4 4 6 7 10 11
EPS in Rs 1.15 1.27 1.21 1.43 -0.38 1.65 1.33 1.15 1.23 2.01 2.09 3.11 3.29
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
220 226 327 500 642 603 490 360 387 660 687 812 915
203 209 311 486 612 640 491 361 404 643 670 785 883
Operating Profit 18 17 16 15 30 -37 -1 -1 -17 16 17 26 32
OPM % 8% 7% 5% 3% 5% -6% -0% -0% -4% 2% 2% 3% 4%
3 8 5 5 21 33 29 27 311 58 62 57 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 4 2 -12 -41 -36 -91 -70 -71 197 9 13 21 34
Tax % 35% 32% -29% -3% 0% 0% 0% 0% 0% 0% 0% 0%
2 1 -9 -40 -36 -91 -70 -71 196 9 13 21 34
EPS in Rs 0.33 0.52 -4.12 -18.93 -14.69 -35.40 -28.74 -29.03 60.75 2.91 4.03 6.49 10.50
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: 34%
5 Years: 18%
3 Years: -53%
TTM: 96%
Stock Price CAGR
10 Years: 27%
5 Years: 71%
3 Years: 60%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: %
3 Years: 15%
Last Year: 19%

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 21 21 21 21 25 25 25 25 32 32 32 32 32
Reserves 103 105 100 71 42 -45 -116 -186 45 54 67 88 109
119 184 250 333 398 482 509 505 306 276 251 235 237
111 130 186 190 211 150 154 135 83 128 149 211 205
Total Liabilities 354 440 557 615 675 611 572 479 466 490 500 566 583
102 103 101 265 243 274 241 210 190 165 146 158 153
CWIP 59 143 207 58 83 37 40 44 34 38 35 25 40
Investments 2 2 4 5 5 4 3 2 2 2 2 3 3
190 192 245 287 345 295 287 223 240 285 317 380 387
Total Assets 354 440 557 615 675 611 572 479 466 490 500 566 583

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
13 48 28 -14 29 7 23 77 58 71 72 74
-88 -87 -75 -36 -30 -11 -2 -3 -5 -11 -8 -28
71 47 58 39 6 14 -42 -74 -53 -62 -57 -51
Net Cash Flow -5 9 11 -11 6 9 -21 0 -0 -3 7 -5

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 110 71 70 72 69 45 33 51 59 33 37 47
Inventory Days 99 117 125 86 66 24 37 53 46 42 47 33
Days Payable 191 112 162 119 105 70 36 25 63 62 74 82
Cash Conversion Cycle 19 76 33 38 31 -0 34 79 42 13 10 -2
Working Capital Days 90 130 77 72 45 38 44 11 139 85 86 86
ROCE % 6% 6% 3% -0% 5% -7% -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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