Batliboi Ltd Stock Analysis

BSE: 522004 | NSE: BATLIBOI | Engineering - Industrial Equipments | Small Cap

BSE Share Price Jan 17, 18:01
43.95 2.05 (4.89%)

DeciZen - Make an Informed Decision on Batliboi

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

10 Year X-Ray:

Analysis of Financial Track Record

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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 2%-2%-3.9%-3.5%-7.9%-5.1%-3.2%6.1%-1.3%0%-
Value Creation Index -0.9-1.1-1.3-1.3-1.6-1.4-1.2-0.6-1.1-1.0-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 12412011712210210510811610994.1122
YoY Gr. Rt. %--2.8%-3%4%-15.9%2.5%2.8%8%-6.1%-14%-
Adj EPS -0.8-2.2-2.5-2.5-4.1-3.6-3.32.5-2.6-2-2.4
YoY Gr. Rt. %-NANANANANANANA-204%NA-
BVPS (₹) 16.316.51510.811.6464345.442.740.739.6
Adj Net Profit -2.3-6.3-7.1-7.2-11.7-10.4-9.47.3-7.5-5.8-7
Cash Flow from Ops. 4.285.1-4.2-7.5-9.71.50.61.84.1-
Debt/CF from Ops. 10.146.3-9.5-5.3-5.438.496.635.816.7-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -3%-1.7%-4.4%-14%
Adj EPS NANANANA
BVPS 10.728.5-1.9-4.8
Share Price 10.9% 13.5% 41.4% 227.3%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -4-10.8-12.5-14.9-26.8-11.7-7.45.7-5.9-4.8-6
Op. Profit Mgn % 0.4-3.6-2.8-1.2-8.8-6.5-7.4-2.4-3.610.5
Net Profit Mgn % -1.9-5.2-6.1-5.9-11.4-9.9-8.86.2-6.9-6.2-5.7
Debt to Equity 0.80.60.61.110.40.50.50.50.60.3
Working Cap Days 204181163154174142127149188205121
Cash Conv. Cycle 767150446255453435310

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.59

Sales growth is good in last 4 quarters at 43.97%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -4.43%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Batliboi Ltd.

Standalone Consolidated
TTM EPS (₹) -2.4 1.9
TTM Sales (₹ Cr.) 122 160
BVPS (₹.) 39.6 43.5
Reserves (₹ Cr.) 99 111
P/BV 1.11 1.01
PE 0.00 23.28
From the Market
52 Week Low / High (₹) 12.20 / 51.75
All Time Low / High (₹) 0.60 / 140.00
Market Cap (₹ Cr.) 126
Equity (₹ Cr.) 14.4
Face Value (₹) 5
Industry PE 32.1

Management X-Ray:

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

Analyst's Notes

News

About Batliboi Ltd

Batliboi Limited was established in the year 1892, the company is a part of Batliboi Group, which focuses on wind energy, environmental engineering, motors, international marketing and logistics.The Baltiboi Group is divided into four main divisions, which are machine tools, special purpose machines, crane foundry and remanufacturing and reconditioning center. Further, the group also concentrates on:

  • Textile air engineering
  • Air conditioning
  • Textile machines
  • Wind energy
  • Environmental engineering
  • Motors
  • International marketing
  • Logistics

The company is counted amongst most prominent manufacturers, importers and suppliers of industrial process machinery. Use of quality spare parts and components in production process ensures best performance and long functional life of these machines. These are robust and cater to the requirements of defence sector, training institutes, railways and automobile and engineering industries.

The company is backed by a robust manufacturing unit, which is spread over an area of 30,000 square meters and is installed with drilling, molding and cutting machines. These machines assist their professionals in fulfilling specific requirements of their esteemed clients. Some of their coveted clients are Ashok Leyland Ltd, Appolo Tyres, Bridgestone India Ltd, Essar Steel Ltd, Cochin Shipyard Ltd., Hindustan Aeronautics Ltd, Hero Motors Ltd. and Tata Motors Ltd.

The company is supported by two sister concerns, Quickmill Inc. (Canada) and AESA Air Engineering, SA (France), which assist them in achieving their business objectives. With their continuous support and assistance, the company is able to meet prevailing and emerging demands of their clients, situated all over the country. The company is headed by the chairman and managing director of the organization, Nirmal Bhogilal, whose strong leadership abilities and sharp business acumen have helped them in establishing a strong presence in the market.

Company’s Infrastructure

The company has developed state-of-the-art infrastructure that has massive installation capacity and is spread over a sprawling area of 1, 80,000 square meters. They divided their infrastructure into various units such as manufacturing, quality testing and research & development. Spread over the area of 30,000 square meters, their manufacturing unit helps them in offering industrial process machinery as per set industry standards. This unit is fitted with modern machines and equipment that enable them to fulfill bulk and urgent requirements of automobile, railway and engineering industries.

The following machines are use at the manufacturing unit:

  • Cutting machine
  • Molding machine
  • Lathe machine
  • Drilling machine

Product Portfolio

The company is one of the distinguished manufacturers, importers and suppliers of industrial process machinery. These are durable, energy efficient and cater to the requirements of railways and automobile and engineering industries. Understanding different requirements of these industries, the company offers these machines in various specifications. Manufactured using quality raw material, the company’s range is in tandem with prevailing quality standards.

Milestones

Ever since the establishment, the company have been focused towards offering technically advanced range of industrial process machinery. Owing to superior quality products and ethical business practices, it has carved a niche in the domestic market.

  • 1892 - Batliboi established as a selling organization in Mumbai
  • 1916 - Batlibhai acquired by Bhogilala Family
  • 1941 - Batliboi incorporated as a limited company
  • 1960 - Spartan Electricals acquired by this group
  • 1961 - Manufacturing division started in Udhna (Surat)
  • 1962 - Export division formed
  • 1986 - Batliboi went public SPM division at Bangalore commences operation
  • 1988 - Batliboi Impex setup
  • 1991 - Batliboi international created
  • 1992 - The company celebrated its centenary year
  • 1996 - Batliboi Foras setup (now Baltiboi enXco)
  • 2007 - Batliboi acquires Quickmill Inc, a leading machine tool company in Canada
  • 2007 - Batliboi take over AESA, a premier air engineering company (headquartered in France)
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