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Bhadora Industries Ltd (BHADORA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: BHADORA Cable | Small Cap | Bhadora Industries Share Price

BSE Share Price
Not Listed

Bhadora Industries Ltd (BHADORA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: BHADORA Cable | Small Cap | Bhadora Industries Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹167 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹5.4
TTM Sales
₹125 Cr.
Book Value per Share
₹14.2
P/E Ratio
16.81
Higher than its 5-year historical median
Industry PE
55.4
Price to Book (P/B)
6.35
Higher than its 5-year historical median
Price to Sales (P/S)
1.34
Higher than its 5-year historical median
EV/EBITDA
10.56
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
69.38%
Outperforms industry median
Return on Capital Employed (ROCE)
57.48%
Outperforms industry median
Return on Assets (ROA)
28.91%
Operating Profit Margin
15.5%
Net Profit Margin
9.8%
Gross Profit Margin
13.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
35.29%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
140.76%
Net Profit Growth (1 Year)
-
117.54%
Asset Quality
Promoter Holding
65.59%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹8 Cr.
Equity
₹18.6 Cr.
Face Value
₹10
All Time Low / High
- / -

Bhadora Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Bhadora Industries Ltd a good quality company?
Bhadora Industries Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Bhadora Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bhadora Industries Ltd vs industry peers?
Bhadora Industries Ltd revenue CAGR is 96.11%, compared to the industry median CAGR of 13.71%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Bhadora Industries Ltd?
Promoters hold 65.59% of the Bhadora Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Bhadora Industries Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bhadora Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 6.1%8.1%49.9%57.5%-
Value Creation
Index
-0.6-0.42.63.1-

Growth Parameters

Sales 14.618.481.4110125
Sales YoY Gr.-26.3%341.4%35.3%-
Adj EPS -0.20.13.88.25.4
YoY Gr.-NA2578.6%117.9%-
BVPS (₹) 3.83.97.715.914.2
Adj Net
Profit
-0.30.2510.810
Cash Flow from Ops. 1.41.22.82.3-
Debt/CF from Ops. 8.38.33.48.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA96.1%35.3%
Adj EPS NANANA117.9%
BVPSNANA61%106.4%
Share Price - - - -

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-63.564.569.435.6
Op. Profit
Mgn %
4.66.18.715.5NAN
Net Profit
Mgn %
-2.116.19.88
Debt to
Equity
2.320.90.9-
Working Cap
Days
029588930
Cash Conv.
Cycle
020654690

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales151881110
Operating Expenses + 14177493
Manufacturing Costs1132
Material Costs11156784
Employee Cost 1023
Other Costs 2134
Operating Profit 11717
Operating Profit Margin (%) 4.6%6.1%8.7%15.5%
Other Income + 1021
Exceptional Items 0000
Interest 1123
Depreciation 0000
Profit Before Tax -00714
Tax 0024
Profit After Tax -00511
PAT Margin (%) -0.4%1.0%6.1%9.8%
Adjusted EPS (₹)-0.00.13.88.2
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Bhadora Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 551021
Share Capital 22213
Reserves 3498
Debt +109918
Long Term Debt3415
Short Term Debt85814
Minority Interest0000
Trade Payables0454
Others Liabilities 1225
Total Liabilities 17202649

Fixed Assets

Net Fixed Assets +2229
Gross Block33411
Accumulated Depreciation1222
CWIP 0000
Investments 1000
Inventories910810
Trade Receivables251222
Cash Equivalents 2216
Others Assets 2322
Total Assets 17202649

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1132
PBT -00714
Adjustment 1032
Changes in Working Capital 01-5-10
Tax Paid -0-0-2-4
Cash Flow From Investing Activity + -11-0-7
Capex -0-0-1-7
Net Investments -1100
Others 0-000
Cash Flow From Financing Activity + 0-2-27
Net Proceeds from Shares 0000
Net Proceeds from Borrowing -11-35
Interest Paid -1-1-2-3
Dividend Paid 0000
Others 2-235
Net Cash Flow 0-002

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-1.143.5364.5469.38
ROCE (%)6.118.0749.9457.48
Asset Turnover Ratio0.850.993.542.95
PAT to CFO Conversion(x)N/AN/A0.60.18
Working Capital Days
Receivable Days59.6069.3037.7056.30
Inventory Days215.60179.704030
Payable Days14.7054.9024.2019.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Bhadora Industries Ltd FAQs

The current trading price of Bhadora Industries on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Bhadora Industries stood at ₹167.4 Cr

The latest P/E ratio of Bhadora Industries as of 31-Dec-1969 is 16.81.

The latest P/B ratio of Bhadora Industries as of 31-Dec-1969 is 6.35.

The 52-week high of Bhadora Industries is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhadora Industries is ₹125 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bhadora Industries Ltd is a below average quality company.

The key valuation ratios of Bhadora Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Bhadora Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Bhadora Industries Ltd

Bhadora Industries Limited was initially established as Partnership Firm under the Partnership Act, 1932 (Partnership Act) pursuant to Deed of Partnership dated April 29, 1986, effective from April 01, 1986. The Partnership firm was registered on May 14,1986 with the Registrar of Firms, Tikamgarh, Madhya Pradesh. The Partnership Firm was converted into Private Limited Company under Part IX of the Companies Act, 1956 in the name and style of ‘Bhadora Industries Private Limited’ on May 17, 2013 vide Certificate of incorporation issue by Registrar of Companies, Madhya Pradesh. Subsequently, pursuant to resolutions passed by its Board of Directors at its meeting held on May 14, 2024 and by its Shareholders at the extra-ordinary general meeting held on May 16, 2024, the company was converted into a public limited company and the name of the company was changed to ‘Bhadora Industries Limited and a fresh certificate of incorporation was issued by the Registrar of Companies, Central Processing Centre dated August 07, 2024.

The company is engaged in the business of manufacturing industrial cables which provide efficient electricity transmission and distribution solutions to the government discoms and EPC companies which cater to the diverse electrical connectivity needs of various industrial sectors. It operates under the brand name of ‘Vidhut Cables’. With over decades of experience in the cable industry, it has consistently evolved to meet the dynamic requirements of the industry. It started with production of Polyvinyl Chloride (PVC) cables, and it later expanded its range to include Low Voltage (LV) cables, LT Aerial Bunched Cables, Cross-Linked Polyethylene (XLPE) cables. These products are designed for specific functions in electricity transmission and distribution. Each product serves a specific function in electricity transmission, from reliable power distribution in low voltage applications to high-performance cables used in overhead power lines. It ensures all its cables meet industry standards for safety and performance, while also staying aligned with the technology and requirements of the sector.

Its manufacturing facility is accredited with Bureau of Indian Standards (“BIS”) and ISO 9001: 2015 (Quality Management Systems), ISO 14001:2015 (Environment Management System), and ISO 45001:2018 (Occupational Health and Safety Management Systems) certifications. It ensures that its manufacturing facility adheres to these high-quality benchmarks through stringent quality control processes. To maintain product integrity, its manufacturing facility is equipped with an in-house testing laboratory, which plays a crucial role in monitoring and verifying the quality of the industrial cables.

Business area of the company

The Company is engaged in the Business of the Manufacturing of premium industrial and power cables under the Brand ‘Vidhut Cables’. It ensures all its cables meet industry standards for safety and performance, while also staying aligned with the technology and requirements of the sector.

Products of the company

  • Aerial bunch cable
  • Service cable
  • PVC armoured and unarmoured cables
  • XLPE cables

Awards, accreditations & recognitions

  • 2009: The company received certificate for ‘Best Taxpayer- Third’ in Tikamgarh District from Department of Commerce Madhya Pradesh.
  • 2024: The company received award of ‘Outstanding Cable Manufacturer of the Year’ in Madhya Pradesh Glory Award by Swiftnlift Media and Tech LLP.

History and milestones

  • 1986: Formation of Partnership firm in the name and style of ‘M/s Bhadora Industries’.
  • 1988: Production Started with P.V.C wire.
  • 1989: Receipt of Bureau of Indian Standards Licence Granted for IS 694: PVC insulted cables for voltages upto and including 1100 V.
  • 2007: Two new products have been launched namely ‘XLPE Cable’ and ‘AB Cable’.
  • 2008: Receipt of Bureau of Indian Standards Licence Granted for IS 7098: Part 1: 1988 for Crosslinked Polyethylene Insulated PVC Sheathed cables: Part 1 For working voltage upto and including 1100 V. 
  • 2008: Receipt of Bureau of Indian Standards Licence Granted for IS 14255- Aerial Bunched Cables for working voltages upto and including 1100 volts with XLPE insulated Aluminium phase conductors and bare Aluminium Alloy Messenger Conductors.
  • 2012: Receipt of Bureau of Indian Standards Licence Granted for IS 1554: PVC insulted (Heavy Duty) electric cables for working voltages upto and including 1100 V.
  • 2013: Conversion of the company from Partnership Firm to Private Limited Company and the name of the Company was ‘Bhadora Industries Private Limited’.
  • 2019: Receipt of Bureau of Indian Standards Licence Granted for IS 398-Part 2: Aluminium Conductors, Galvanized Steel-Reinforced for overhead power Transmission purposes, for sizes upto and including 200 Sq mm (Nominal Aluminium Area.).
  • 2024: The company was converted from a private limited company to a public limited company and the name of the company was changed to ‘Bhadora Industries Limited’.

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