Bhagwati Autocast Ltd Stock Analysis

BSE: 504646 | NSE: | Castings/Forgings | Small Cap

BSE Share Price 04-Oct-2022 18:01
221.00 10.00 (4.74%)

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Bhagwati Autocast Price Chart

P/E Ratio (SA) :
65.30
Market Cap :
63.7 Cr.
52-wk low :
140
52-wk high :
249.2
Bole Toh?

1. Is Bhagwati Autocast Ltd a good quality company?

Data is not available for this company.

2. Is Bhagwati Autocast Ltd undervalued or overvalued?

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

3. Is Bhagwati Autocast Ltd a good buy now?

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

10 Year X-Ray of Bhagwati Autocast:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.1%19.9%-7.6%4.9%6.6%6.1%14.1%8.4%6.3%-1.4%-
Value Creation Index -0.50.4-1.5-0.7-0.5-0.60.0-0.4-0.6-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 69.281.964.464.470.489.5120101104112125
YoY Gr. Rt. %-18.5%-21.4%-0.1%9.4%27.1%34%-16.2%3.9%7.5%-
Adj EPS 2.816.1-92.74.4412.87.36.1-3.43.4
YoY Gr. Rt. %-472.3%-155.6%NA63.2%-11%223.3%-42.7%-16.7%-155.6%-
BVPS (₹) 59.874.96566.871.874.686.592.798.193.8101.8
Adj Net Profit 0.84.7-2.60.81.31.13.72.11.8-11
Cash Flow from Ops. 1.41.532-0.93.93.76.14.57.5-
Debt/CF from Ops. 4.55.62.22.7-9.922.411.12.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.5%9.8%-2.2%7.5%
Adj EPS -202.1%-194.8%-164.3%-155.6%
BVPS 5.15.52.7-4.5
Share Price 25.1% 19.7% 30.3% 32.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.924-12.84.16.45.415.98.26.4-3.53.5
Op. Profit Mgn % 5.811.60.36.57.44.96.96.351.43.7
Net Profit Mgn % 1.25.7-41.21.81.33.12.11.7-0.90.8
Debt to Equity 0.40.40.40.30.40.40.40.20.20.7-
Working Cap Days 1171221561351241271121321331140
Cash Conv. Cycle 152346375360526765510

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.50%

Sales growth has been subdued in last 3 years -2.21%

Net Profit has been subdued in last 3 years -164.27%

Sales growth is not so good in last 4 quarters at 0.51%

Latest Financials - Bhagwati Autocast Ltd.

Standalone Consolidated
TTM EPS (₹) 3.4 -
TTM Sales (₹ Cr.) 125 -
BVPS (₹.) 101.8 -
Reserves (₹ Cr.) 26 -
P/BV 2.17 -
PE 65.30 -
From the Market
52 Week Low / High (₹) 140.00 / 249.20
All Time Low / High (₹) 2.84 / 249.20
Market Cap (₹ Cr.) 63.7
Equity (₹ Cr.) 2.9
Face Value (₹) 10
Industry PE 14.3

Management X-Ray of Bhagwati Autocast :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bhagwati Autocast

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Bhagwati Autocast Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bhagwati Autocast on 04-Oct-2022 18:01 is : 221.0.
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 04-Oct-2022 18:01 the market cap of Bhagwati Autocast stood at ₹ 63.66.
The latest PE ratio of Bhagwati Autocast as of 04-Oct-2022 18:01 is 65.30.
The latest PB ratio of Bhagwati Autocast as of 04-Oct-2022 18:01 is 2.17
The 52-week high of Bhagwati Autocast is ₹ 249.2 and the 52-week low is ₹ 140.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Bhagwati Autocast is ₹ 124.6 ( Cr.) .

About Bhagwati Autocast Ltd

Bhagwati Autocast, promoted in 1984, is located 25 km away from Ahmedabad, near village Bavla. It is a mechanized machine moulding unit with an annual capacity of 14000 tonnes, producing high duty grey iron and ductile iron castings as per any International Standards.

Bhagwati Autocast also produces SG iron castings and alloy iron castings. The company’s plant is located at village Rajoda in Gujarat.

Its hand moulding division has an annual production capacity of 4000 tonnes with facilities for manufacturing castings upto a single unit weight of 5 tonnes using a state of the art Omega continuous mixer.

The Bhagwati Group, has two foundry units -- Bhagwati Spherocast Pvt. Ltd. and Bhagwati Autocast Ltd. Bhagwati Autocast Ltd, is located 25 km away from Ahmedabad, near village Bavla. It is a mechanized machine moulding unit with an annual capacity of 14000 tons, producing high duty grey iron and ductile iron castings as per any International Standards. Its handmoulding division has an annual production capacity of 4000 tons with facilities for manufacturing castings upto a single unit weight of 5 tons using a state of the art Omega continuous mixer.

Both the units are manufacturing high quality castings for a wide spectrum of industries such as, Automotive, Light and Heavy Commercial Vehicle, Tractor, Air & Gas Compressor, Hydraulic ,Wind Generation/Generator, Refrigeration, Plastic Injection Moulding Machine and General Engineering Products  The annual turnover of the two foundry units together is $ 30 million with a total production capacity of 32000 tons per year of which Bhagwati Autocast Production Capacity stands at 18000 M.T. Per Annum.

The infrastructure of the company includes DISA-George Fischer fully mechanized sand plant of 30 tons/hour capacity, Intensive mixer-1000 Kgs. batch capacity. Sand homogenizing and cooling system and dust collector system.

The company’s major customers are two tractor companies, Punjab Tractors and Escorts. Its hand molding plant caters to the needs of the general engineering sector. The field is competitive and pricing does not allow much flexibility. Rise in prices of raw materials, increased power costs and higher wages were reported to have affected the profitability of the company.

The company’s response has been an expansion-cum-modernization program involving installation of equipment for better material handling and higher productivity. Finish of the castings was also sought to be improved by installing a drum homogenizer cum cooler. The company was able to return to profits from the year 2004-2005.

The major customers of the company are Dresser Rand, Elecon Engineering, Enercon, Escorts Ltd.,Force Motors Ltd.Godrej & Boyce Ltd., Harig India Pvt. Ltd., Mita Harig Pvt. Ltd., HMT Ltd., Ingersoll-Rand (India) Ltd., Kirloskar Oil Engines Limited K&H Eppensteinar Gmbh & Co., Mahindra gujarat tractors Ltd., Punjab tractors Ltd.

It is also an ISO-9001-2000 company certified by BUREAU VERITAS.

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