Bharat Bijlee Ltd Stock Analysis

BSE: 503960 | NSE: BBL | Electric Equipment | Small Cap

BSE Share Price 25-Nov-2022 18:01
2321.60 93.70 (4.21%)

DeciZen - Make an Informed Decision on Bharat Bijlee

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Bharat Bijlee Price Chart

P/E Ratio (SA) :
21.59
Market Cap :
1,312.1 Cr.
52-wk low :
1,370.5
52-wk high :
2,479.5
Bole Toh?

1. Is Bharat Bijlee Ltd a good quality company?

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

2. Is Bharat Bijlee Ltd undervalued or overvalued?

The key valuation ratios of Bharat Bijlee Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Bharat Bijlee Ltd a good buy now?

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

10 Year X-Ray of Bharat Bijlee:

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.
Bharat Bijlee Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 1.3%-0.4%-5.1%5.5%4.3%5.1%5.8%6.3%3.6%5.5%-
Value Creation Index -0.9-1.0-1.4-0.6-0.7-0.6-0.6-0.6-0.8-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5434866116406777749329297311,2661,273
YoY Gr. Rt. %--10.3%25.6%4.7%5.9%14.3%20.5%-0.4%-21.3%73.1%-
Adj EPS -9.3-21.3-63.312.225.349.37080.74698107.6
YoY Gr. Rt. %-NANANA107.7%94.6%41.9%15.3%-43%113.2%-
BVPS (₹) 552.2532.2469.5482.21,152.41,223.41,330.51,336.81,720.41,987.72,140
Adj Net Profit -5.2-12-35.86.914.327.939.545.62655.461
Cash Flow from Ops. 7.45.9-40.7-5.113.3-53.253.512.538.8-9.3-
Debt/CF from Ops. 11.513.8-3.3-33.113.4-43.719.86.1-29.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.9%13.3%10.7%73.1%
Adj EPS NA31.1%11.9%113.2%
BVPS 15.311.514.315.5
Share Price 15.8% 15.7% 41.6% 32.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -1.7-3.9-12.62.63.14.25.56.135.35.2
Op. Profit Mgn % -0.3-1.4-3.22.72.74.76.47.55.36.96.7
Net Profit Mgn % -1-2.5-5.91.12.13.64.24.93.64.44.8
Debt to Equity 0.30.30.50.60.30.30.30.30.20.30
Working Cap Days 290313263268276288261286394239200
Cash Conv. Cycle 12112510211212413612713717210847

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.20%

Sales growth is growing at healthy rate in last 3 years 10.73%

Net Profit is growing at healthy rate in last 3 years 11.89%

Sales growth is good in last 4 quarters at 16.98%

No data to display

Latest Financials - Bharat Bijlee Ltd.

Standalone Consolidated
TTM EPS (₹) 107.6 -
TTM Sales (₹ Cr.) 1,273 -
BVPS (₹.) 2,140 -
Reserves (₹ Cr.) 1,204 -
P/BV 1.08 -
PE 21.59 -
From the Market
52 Week Low / High (₹) 1370.45 / 2479.45
All Time Low / High (₹) 5.24 / 4068.00
Market Cap (₹ Cr.) 1,312
Equity (₹ Cr.) 5.7
Face Value (₹) 10
Industry PE 46.4

Management X-Ray of Bharat Bijlee :

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 Bharat Bijlee

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

News

Bharat Bijlee Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bharat Bijlee on 25-Nov-2022 18:01 is : 2,321.6.
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 25-Nov-2022 18:01 the market cap of Bharat Bijlee stood at ₹ 1,312.1.
The latest PE ratio of Bharat Bijlee as of 25-Nov-2022 18:01 is 21.59.
The latest PB ratio of Bharat Bijlee as of 25-Nov-2022 18:01 is 1.08
The 52-week high of Bharat Bijlee is ₹ 2,479.5 and the 52-week low is ₹ 1,370.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Bharat Bijlee is ₹ 1,273 ( Cr.) .

About Bharat Bijlee Ltd

Established in 1946, Bharat Bijlee is a pioneer in electrical engineering in India, and one of the most trusted names in the industry. Headquartered in Mumbai, it has extensive sales and service network across India and also serves international markets.

The company’s manufacturing facilities are located in Airoli, Navi Mumbai. It has state-of-the-art plants for its Power Transformers and Electric Motors that have been certified for ISO: 9001:2015, ISO: 14001:2015 & ISO 45001:2018 standards.

The Forbes Asia Best under a Billion Company award received in 2007 is a testimony to a history of superior performance, innovation and customer centricity.

With a lineage of over seven decades, Bharat Bijlee represents the strength and purpose of the Indian industry and its growing power internationally. It continues to be focused on growth; through expansion of its manufacturing range and capacities, related diversifications and foray into new markets through strategic partnerships.

Business area of the company

The company has two primary business segments: Power Systems that comprise Transformers and Projects divisions, and Industrial Systems segment comprising Electric Motors, Drives & Industrial Automation and Elevator Systems divisions. The company caters to a spectrum of industries and the builders of the nation’s infrastructure: power, refineries, steel, cement, railways, machinery, construction and textiles. It also undertakes turnkey projects (switchyards) and is well positioned to provide complete ‘concept to commissioning’ services.

Business segments

Transformers: The manufacturing and quality systems laid down when we began the Transformer business in 1955 have been consistently upgraded and augmented keeping customer needs in mind. We enjoy one of the highest rates of repeat orders in the industry and the highest level of ‘comfort of ownership’ for our transformers.

Projects: Bharat Bijlee has been a key player in the country's power sector, setting standards of excellence for over seven decades. Its association with clients on turnkey solutions for Power projects is comprehensive, and covers all aspects of work from start to finish.

Electric Motors: Bharat Bijlee has been a pioneer in providing energy efficient standard motors and special electric motors for a range of industries. From the smallest to the largest, from IE2 to the latest IE4 class of efficiency, all our motors are manufactured with the same meticulous attention to detail.

Magnet Technology Machines: Bharat Bijlee is the first Indian manufacturer of Gearless Machines for Elevators. Our GreenStar range of Permanent Magnet gearless machines are suitable for machine-room less applications, are relatively maintenance free and offer energy savings of upto 30%.

Drives & Automation: Bharat Bijlee offers Variable speed AC drives in partnership with KEB Germany. KEB’s worldwide application specific engineering expertise coupled with our experience in offering customized motors to every segment of industry, gives our customers the assurance of superior world class drives and automation solutions.

History and milestones

  • 1946: Bharat Bijlee was born in 1946 with a small investment, few people, big dreams and colossal determination to succeed. The impetus was to substitute the import of electric motors with indigenous manufacture. The spirit that would guide and propel future success was inherent in all decisions taken this point on.
  • 1954: The company started the manufacture of power transformers. These would become in time one of the company's key competencies. Transformer production begins.
  • 1958: Laying the foundation of this critical competency was a comprehensive technical collaboration for the manufacture of transformers and motors finalized with Siemens AG, in 1958.
  • 1965: With technical help from Siemen's BBL set up its new, sophisticated manufacturing plant at Airoli (Navi Mumbai) to produce transformers and motors.
  • 1973: diversify into the manufacture and installation of Olympus elevators. In 2004 this business was divested to a subsidiary of Kone Elevators India Pvt Ltd. It served however to give it the knowhow and experience in vertical transportation that would later help it to build new business on the back of this.
  • 1982: The first 220 kV transformer is delivered.
  • 1985: inherent synergies and the growing engineering skills in power equipment manufacture, led to the formation of an independent Projects Division to design, install and commission High Tension electrical switchyards and distribution systems on turn-key basis.
  • 1986: The millionth motor is sold. Schindler collaboration: A ten-year collaboration for elevators is formed with the Swiss Schindler group.
  • 1996: Golden Jubilee: Fifty years of enterprise, focus and dedication in putting technology to work.
  • 2004: Divestment of Elevator operations: The Elevator field operations business is divested to a subsidiary of Kone Elevators (India) Pvt. Ltd.
  • 2006: PWRLX: A world class facility for Transformers is commissioned tripling manufacturing capacity and increasing the range.
  • 2007: Bharat Bijlee receives the coveted Forbes Asia's 'Best Under a Billion' Company Award.
  • 2007: Agreement with KEB, Germany for distribution of AC Variable Speed Drives.
  • 2008: Commenced manufacturing of Gearless machines for Elevators.
  • 2011: Enhancement of Transformer manufacturing capacity to 15000 MVA.
  • 2012: Commenced indigenous manufacture of KEB Drives.
  • 2013: New plant for manufacturing Medium Voltage Motors up to 1000 kW.
  • 2015: The company is ISO 14001 & OHSAS 18001 certified. It also successfully conduct the Short Circuit Testing of 160 MVA 220 KV class transformer at first attempt at CPRI Bangalore.
  • 2016: The company files its very first a patent application for the design of its SynchroVERT Super-Premium Efficiency IE4 motors. Drives team also introduces a new range of superior performance AC Variable Frequency BBVERT BL51 drive.
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