Past 10 year’s financial track record analysis by Moneyworks4me indicates that Birla Cable Ltd is a below average quality company.
The key valuation ratios of Birla Cable Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Birla Cable Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 23.4% | 12.7% | 10.9% | 3.6% | 12.4% | 25% | 2.6% | 4.8% | 9.6% | 12.8% | - |
| Value Creation Index ⓘ | 0.7 | -0.1 | -0.2 | -0.7 | -0.1 | 0.8 | -0.8 | -0.7 | -0.3 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 291 | 264 | 250 | 211 | 325 | 502 | 223 | 329 | 535 | 792 | 756 |
| Sales YoY Gr. | - | -9.2% | -5.4% | -15.5% | 54% | 54.5% | -55.6% | 47.3% | 63% | 48% | - |
| Adj EPS ⓘ | 6.6 | 3.8 | 4 | 1 | 5.3 | 15.4 | 0.4 | 2.6 | 6.7 | 10.4 | 11.3 |
| YoY Gr. | - | -42.7% | 5.3% | -75.7% | 448.5% | 189.3% | -97.7% | 640% | 158.7% | 54.8% | - |
| BVPS (₹) ⓘ | 26 | 29 | 30.6 | 32.1 | 40.5 | 57.2 | 51.9 | 56.1 | 62.2 | 76.7 | 84.1 |
| Adj Net Profit ⓘ | 19.8 | 11.4 | 12 | 2.9 | 16 | 46.2 | 1 | 7.8 | 20.1 | 31.1 | 34 |
| Cash Flow from Ops. ⓘ | 3.6 | 7.6 | 28.6 | 29.5 | -6.9 | 16.9 | 31.9 | -1.1 | 2.5 | -7.2 | - |
| Debt/CF from Ops. ⓘ | 13.3 | 7.7 | 2.3 | 1.4 | -6.5 | 3.5 | 2.4 | -61.6 | 32.6 | -17.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.8% | 19.5% | 52.6% | 48% | ||||
| Adj EPS ⓘ | 5.1% | 14.3% | 209.4% | 54.8% | ||||
| BVPSⓘ | 12.8% | 13.6% | 13.9% | 23.3% | ||||
| Share Price | 24.4% | 12.7% | 65.7% | 98.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 28.3 | 13.8 | 13.4 | 3.1 | 14.7 | 31.5 | 0.6 | 4.8 | 11.3 | 14.9 | 14.1 |
| Op. Profit Mgn % ⓘ | 12.3 | 11 | 10.6 | 6.4 | 10.7 | 15.7 | 7.6 | 7.7 | 8.1 | 8 | 7.4 |
| Net Profit Mgn % ⓘ | 6.8 | 4.3 | 4.8 | 1.4 | 4.9 | 9.2 | 0.5 | 2.4 | 3.8 | 3.9 | 4.5 |
| Debt to Equity ⓘ | 0.6 | 0.7 | 0.7 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.6 | - |
| Working Cap Days ⓘ | 147 | 204 | 196 | 214 | 173 | 155 | 337 | 215 | 161 | 137 | 72 |
| Cash Conv. Cycle ⓘ | 30 | 63 | 79 | 82 | 73 | 73 | 216 | 138 | 103 | 92 | 39 |
Return on Equity has increased versus last 3 years average to 14.10%
Sales growth is growing at healthy rate in last 3 years 52.57%
Net Profit is growing at healthy rate in last 3 years 209.44%
Sales growth is not so good in last 4 quarters at 9.44%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 11.3 | 11.1 |
| TTM Sales (₹ Cr.) | 756 | 756 |
| BVPS (₹.) ⓘ | 84.1 | 83.7 |
| Reserves (₹ Cr.) ⓘ | 222 | 221 |
| P/BV ⓘ | 3.01 | 3.02 |
| PE ⓘ | 22.31 | 22.78 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 126.75 / 432.55 |
| All Time Low / High (₹) | 5.80 / 432.55 |
| Market Cap (₹ Cr.) | 758 |
| Equity (₹ Cr.) | 30 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 48.9 |
| Pledged * | 6.28 | 6.28 | 6.28 | 6.28 | 6.28 | 6.28 | 6.28 | 6.28 | 6.28 | 6.28 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 291 | 264 | 250 | 211 | 325 | 502 | 223 | 329 | 535 | 792 |
| Operating Expenses ⓘ | 256 | 235 | 223 | 198 | 291 | 423 | 206 | 303 | 492 | 729 |
| Manufacturing Costs | 16 | 19 | 19 | 17 | 23 | 32 | 25 | 30 | 43 | 58 |
| Material Costs | 223 | 196 | 181 | 158 | 243 | 364 | 153 | 245 | 417 | 628 |
| Employee Cost | 10 | 12 | 14 | 15 | 17 | 19 | 21 | 20 | 24 | 30 |
| Other Costs ⓘ | 6 | 7 | 9 | 8 | 8 | 8 | 7 | 8 | 8 | 12 |
| Operating Profit ⓘ | 35 | 29 | 26 | 14 | 35 | 79 | 17 | 25 | 43 | 64 |
| Operating Profit Margin (%) | 12.0% | 11.0% | 10.6% | 6.4% | 10.6% | 15.7% | 7.6% | 7.7% | 8.1% | 8.0% |
| Other Income ⓘ | 2 | 4 | 3 | 3 | 1 | 3 | 2 | 2 | 3 | 5 |
| Interest ⓘ | 9 | 8 | 7 | 3 | 4 | 5 | 7 | 5 | 6 | 13 |
| Depreciation ⓘ | 5 | 6 | 7 | 8 | 8 | 11 | 12 | 11 | 11 | 11 |
| Exceptional Items ⓘ | 0 | 0 | -5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 23 | 18 | 11 | 5 | 24 | 66 | 0 | 11 | 29 | 45 |
| Tax ⓘ | 4 | 6 | 2 | 2 | 8 | 19 | -1 | 3 | 7 | 11 |
| Profit After Tax | 19 | 12 | 8 | 3 | 16 | 47 | 1 | 8 | 22 | 33 |
| PAT Margin (%) | 6.6% | 4.7% | 3.4% | 1.6% | 5.0% | 9.4% | 0.5% | 2.5% | 4.1% | 4.2% |
| Adjusted EPS (₹) | 6.4 | 4.2 | 2.8 | 1.1 | 5.4 | 15.7 | 0.3 | 2.7 | 7.3 | 11.2 |
| Dividend Payout Ratio (%) | 16% | 24% | 35% | 0% | 19% | 13% | 0% | 37% | 21% | 22% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 78 | 87 | 92 | 96 | 121 | 172 | 156 | 168 | 187 | 230 |
| Share Capital ⓘ | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| Reserves ⓘ | 48 | 57 | 62 | 66 | 91 | 142 | 126 | 138 | 157 | 200 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 47 | 57 | 63 | 36 | 40 | 57 | 67 | 60 | 67 | 123 |
| Long Term Debt | 15 | 14 | 16 | 12 | 12 | 13 | 19 | 17 | 4 | 64 |
| Short Term Debt | 32 | 44 | 47 | 25 | 29 | 44 | 47 | 43 | 63 | 59 |
| Trade Payables | 93 | 47 | 56 | 61 | 78 | 94 | 33 | 66 | 64 | 84 |
| Others Liabilities ⓘ | 14 | 27 | 21 | 15 | 18 | 18 | 25 | 22 | 29 | 24 |
| Total Liabilities ⓘ | 232 | 218 | 232 | 209 | 258 | 341 | 281 | 317 | 346 | 461 |
Fixed Assets | ||||||||||
| Gross Block | 115 | 119 | 141 | 63 | 75 | 93 | 121 | 126 | 132 | 152 |
| Accumulated Depreciation | 77 | 78 | 80 | 8 | 15 | 25 | 37 | 47 | 58 | 68 |
| Net Fixed Assetsⓘ | 38 | 41 | 61 | 55 | 60 | 67 | 85 | 79 | 74 | 83 |
| CWIP ⓘ | 1 | 1 | 0 | 1 | 0 | 7 | 0 | 0 | 2 | 3 |
| Investmentsⓘ | 14 | 14 | 19 | 20 | 11 | 19 | 9 | 13 | 12 | 30 |
| Inventories | 53 | 44 | 45 | 49 | 67 | 73 | 72 | 71 | 83 | 103 |
| Trade Receivables | 94 | 82 | 76 | 68 | 104 | 163 | 81 | 133 | 155 | 216 |
| Cash Equivalents | 6 | 10 | 11 | 4 | 4 | 4 | 19 | 6 | 4 | 4 |
| Others Assetsⓘ | 24 | 27 | 20 | 11 | 12 | 8 | 15 | 15 | 16 | 22 |
| Total Assets ⓘ | 232 | 218 | 232 | 209 | 258 | 341 | 281 | 317 | 346 | 461 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4 | 8 | 29 | 30 | -7 | 17 | 32 | -1 | 3 | -7 |
| PBT ⓘ | 23 | 18 | 11 | 5 | 24 | 66 | 0 | 11 | 29 | 45 |
| Adjustment ⓘ | 10 | 9 | 10 | 10 | 10 | 13 | 18 | 14 | 16 | 21 |
| Changes in Working Capital ⓘ | -25 | -19 | 7 | 15 | -35 | -43 | 15 | -23 | -35 | -61 |
| Tax Paid ⓘ | -4 | -2 | 1 | -1 | -6 | -18 | -2 | -3 | -7 | -12 |
| Cash Flow From Investing Activity ⓘ | -11 | -10 | -20 | -5 | 6 | -25 | -19 | -3 | -5 | -24 |
| Capex | -11 | -8 | -25 | -6 | -11 | -28 | -18 | -4 | -9 | -28 |
| Net Investments | -7 | 0 | 3 | 0 | 17 | 0 | -2 | 0 | 2 | -2 |
| Others ⓘ | 7 | -2 | 3 | 0 | 0 | 2 | 1 | 1 | 2 | 6 |
| Cash Flow From Financing Activityⓘ | 7 | 1 | -1 | -31 | 1 | 8 | 0 | -10 | 3 | 30 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 14 | -1 | 5 | -3 | -1 | -1 | 11 | -1 | -7 | 50 |
| Interest Paid ⓘ | -6 | -7 | -5 | -3 | -2 | -3 | -6 | -4 | -5 | -11 |
| Dividend Paid ⓘ | 0 | -3 | -4 | -4 | 0 | -3 | -6 | 0 | -3 | -5 |
| Others ⓘ | -1 | 12 | 3 | -22 | 4 | 15 | 1 | -4 | 19 | -4 |
| Net Cash Flow ⓘ | 0 | -1 | 7 | -7 | 0 | 0 | 13 | -14 | 0 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 27.44 | 15.16 | 9.5 | 3.55 | 14.82 | 32.09 | 0.62 | 5.06 | 12.25 | 16.08 |
| ROCE (%) | 29.13 | 19.78 | 11.27 | 6.08 | 18.44 | 35.83 | 3.23 | 6.74 | 13.98 | 18.34 |
| Asset Turnover Ratio | 1.71 | 1.28 | 1.21 | 1.04 | 1.41 | 1.68 | 0.72 | 1.1 | 1.62 | 1.96 |
| PAT to CFO Conversion(x) | 0.21 | 0.67 | 3.63 | 10 | -0.44 | 0.36 | 32 | -0.13 | 0.14 | -0.21 | Working Capital Days |
| Receivable Days | 75 | 111 | 105 | 115 | 96 | 97 | 200 | 119 | 98 | 86 |
| Inventory Days | 47 | 61 | 59 | 75 | 64 | 51 | 118 | 79 | 52 | 43 |
| Payable Days | 106 | 130 | 104 | 135 | 105 | 86 | 151 | 73 | 57 | 43 |
Since 1992 Birla Ericsson Optical (BEOL) is a key to all telecom requirements. It is an IS/ISO 9001:2008 and IS/ISO - 14001:2004 certified company under the M P Birla Group of industries and entered into the field of optical communication by way of manufacturing fibre optic cables, in technical and financial collaboration with Ericsson Cables AB of Sweden (now known as Ericsson Network Technologies AB of Sweden).
Ericsson is a leading name in telecommunications for the last 110 years, with activities ranging from turnkey telecom networks to cellular mobile telephone systems and business communications. Ericsson Cables AB is the pioneer in S-Z stranding and ribbon cable technologies for optical fibre cables.
BEOL has installed capacity of more than 53,000 cable km per annum to produce a complete range of optical fibre cables, including ribbon type optic fibre cable made to design and construction conforming to national and international standards. It has the capability to produce specialty fibre optic cables for use in medical equipment, computers and local area networks, cable TV network or any other type as per customized specification.
The company also has installed capacity to produce 43.25 lakh conductors km of jelly-filled copper telephone cables complying with national and international standards ranging from 5 pairs to 2400 pairs and also has capability to produce switchboard cables for switching equipment.
It has fully computerized system for process monitoring and quality control to ensure consistency and reliability of its entire product range. All production activities are carried out as per approved quality assurance plan. It, therefore, provides the best possible solutions with latest state-of-the-art technology.
The company has an exclusive marketing agreement with AFL Telecommunications for sale of hi-tech overhead fibre optic cables, especially OPGW and associated accessories, which find applications with electric power utilities, etc.
It has marketing arrangements with ILSINTECH Company, Korea for Optical Fibre Cleavers and with Ericsson Network Technologies AB, Sweden for Optical Fibre Fusion Splicer. The company has also entered into strategic marketing alliance with All optic Inc, USA for FTTP Solution for specified customers.
Products of the company
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Certification / Recognition
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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