Bharat Bijlee Ltd - Stock Valuation and Financial Performance

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

Bharat Bijlee Share Price

6,390 248.80 4.05%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Bharat Bijlee

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Bharat Bijlee stock performance -

mw4me loader
P/E Ratio (SA):
33.00
Market Cap:
3,622.3 Cr.
52-wk low:
2,401
52-wk high:
6,400

Is Bharat Bijlee Ltd an attractive stock to invest in?

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 Overvalued zone.

3. Is Bharat Bijlee Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Bharat Bijlee Ltd is likely to Rise 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0.4%-5.1%5.5%4.3%5.1%5.8%6.3%3.6%5.5%6.5%-
Value Creation
Index
-1.0-1.4-0.6-0.7-0.6-0.6-0.6-0.8-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4866116406777749329297311,2661,4191,715
Sales YoY Gr.-25.6%4.7%5.9%14.3%20.5%-0.4%-21.3%73.1%12.1%-
Adj EPS -21.3-63.312.225.349.37080.74698146.1194.2
YoY Gr.-NANA107.7%94.6%41.9%15.3%-43%113.2%49.1%-
BVPS (₹) 532.2469.5482.21,152.41,223.41,330.51,336.81,720.41,987.72,437.72,656.6
Adj Net
Profit
-12-35.86.914.327.939.545.62655.482.6110
Cash Flow from Ops. 5.9-40.7-5.113.3-53.253.512.538.8-9.351.7-
Debt/CF from Ops. 13.8-3.3-33.113.4-43.719.86.1-29.95.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.6%12.9%15.2%12.1%
Adj EPS NA24.3%21.9%49.1%
BVPS18.4%14.8%22.2%22.6%
Share Price 29.7% 42.3% 79% 155.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-3.9-12.62.63.14.25.56.135.36.67.6
Op. Profit
Mgn %
-1.4-3.22.72.74.76.47.55.36.98.48.7
Net Profit
Mgn %
-2.5-5.91.12.13.64.24.93.64.45.86.4
Debt to
Equity
0.30.50.60.30.30.30.30.20.30.2-
Working Cap
Days
313263268276288261286394239245110
Cash Conv.
Cycle
12510211212413612713717210812547

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.60%

Sales growth is growing at healthy rate in last 3 years 15.16%

Net Profit is growing at healthy rate in last 3 years 21.91%

Sales growth is good in last 4 quarters at 30.32%

No data to display

Latest Financials - Bharat Bijlee Ltd.

Standalone Consolidated
TTM EPS (₹) 194.2 -
TTM Sales (₹ Cr.) 1,715 -
BVPS (₹.) 2,656.6 -
Reserves (₹ Cr.) 1,496 -
P/BV 2.41 -
PE 33.00 -
From the Market
52 Week Low / High (₹) 2401.00 / 6400.00
All Time Low / High (₹) 5.24 / 6400.00
Market Cap (₹ Cr.) 3,622
Equity (₹ Cr.) 5.7
Face Value (₹) 10
Industry PE 84.1

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4866116406777749329297311,2661,418
Operating Expenses 4946306226597388738596921,1791,299
Manufacturing Costs20232325263237314145
Material Costs3624834734895556686375019291,018
Employee Cost 7275828792103116103135147
Other Costs 39504458657070577588
Operating Profit -7-1918183660693987119
Operating Profit Margin (%) -1.5%-3.2%2.7%2.7%4.6%6.4%7.5%5.3%6.9%8.4%
Other Income 19192328223031272429
Interest 15232319232023192424
Depreciation 11121010989101213
Exceptional Items 00004700000
Profit Before Tax -13-347187362693775111
Tax -2004122023111928
Profit After Tax -11-34714614246265683
PAT Margin (%) -2.3%-5.6%1.1%2.1%7.9%4.5%4.9%3.6%4.4%5.9%
Adjusted EPS (₹)-20.0-60.312.725.5107.973.580.746.198.3147.3
Dividend Payout Ratio (%)0%0%0%0%2%17%15%11%31%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3012652736516917527569721,1231,378
Share Capital 6666666666
Reserves 2952602676466867467509671,1181,372
Minority Interest0000000000
Debt71133169178215199247238279287
Long Term Debt11000000000
Short Term Debt60133169178215199247238279287
Trade Payables145155151156154151165180138194
Others Liabilities 5946514235357286120193
Total Liabilities 5765996431,0261,0951,1371,2401,4761,6602,052

Fixed Assets

Gross Block168170173828597110147161176
Accumulated Depreciation74869610192837445568
Net Fixed Assets94847772656974102105108
CWIP 11117824332
Investments 1288352347376353561673890
Inventories12291106123111147196257217317
Trade Receivables158212224224296256292241342386
Cash Equivalents 6782010144161216
Others Assets183196219236258267297297307332
Total Assets 5765996431,0261,0951,1371,2401,4761,6602,052

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6-41-513-53531239-952
PBT -13-347187362693775111
Adjustment 815110-38-2351411
Changes in Working Capital 13-21-24-10-738-473-80-45
Tax Paid -2015-15-15-13-6-18-26
Cash Flow From Investing Activity 1110-11626-20-22-13-14-10
Capex -5-3-4-539-14-28-17-16-16
Net Investments 136-135-18-2-50-312
Others 47555-51056-6
Cash Flow From Financing Activity -183114-718-3410-2017-31
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -13-21-21-16-19-17-19-18-21-22
Dividend Paid -20000-2-170-3-17
Others -35235937-1547-2418
Net Cash Flow -10-212-10-116-611
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-3.69-12.032.673.129.085.756.053.025.36.66
ROCE (%)0.34-3.047.255.7711.028.819.375.047.578.85
Asset Turnover Ratio0.921.141.150.90.740.840.780.540.810.76
PAT to CFO Conversion(x)N/AN/A-0.710.93-0.871.260.261.5-0.160.63
Working Capital Days
Receivable Days1181011121091201081081338494
Inventory Days745850565451681136869
Payable Days897266544840521005549

Bharat Bijlee Ltd Stock News

Bharat Bijlee Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bharat Bijlee on 28-Mar-2024 16:01 is ₹6,390.
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 28-Mar-2024 16:01 the market cap of Bharat Bijlee stood at ₹3,622.3.
The latest P/E ratio of Bharat Bijlee as of 28-Mar-2024 16:01 is 33.00.
The latest P/B ratio of Bharat Bijlee as of 28-Mar-2024 16:01 is 2.41.
The 52-week high of Bharat Bijlee is ₹6,400 and the 52-week low is ₹2,401.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bharat Bijlee is ₹1,715 ( 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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