Batliboi Ltd - Stock Valuation and Financial Performance

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

Batliboi Share Price

134.15 6.35 4.97%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on Batliboi

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Batliboi stock performance -

mw4me loader
P/E Ratio (SA):
62.30
Market Cap:
389.7 Cr.
52-wk low:
51.5
52-wk high:
162.7

Is Batliboi Ltd an attractive stock to invest in?

1. Is Batliboi Ltd a good quality company?

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

2. Is Batliboi Ltd undervalued or overvalued?

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

3. Is Batliboi Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Batliboi 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 Batliboi:

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.
Batliboi 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 % -3.9%-3.5%-7.9%-5.1%-3.2%6.1%-1.3%0%-0.5%6.3%-
Value Creation
Index
-1.3-1.3-1.6-1.4-1.2-0.6-1.1-1.0-1.0-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11712210210510811610994.1146195190
Sales YoY Gr.-4%-15.9%2.5%2.8%8%-6.1%-14%55.3%33.4%-
Adj EPS -2.5-2.5-4.1-3.6-3.32.5-2.6-2-2.22.82.2
YoY Gr.-NANANANANA-204%NANANA-
BVPS (₹) 1510.811.6464345.442.740.738.541.442.9
Adj Net
Profit
-7.1-7.2-11.7-10.4-9.47.3-7.5-5.8-6.48.26
Cash Flow from Ops. 5.1-4.2-7.5-9.71.50.61.86.312.38-
Debt/CF from Ops. 6.3-9.5-5.3-5.438.496.635.810.95.48.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.8%12.6%21.3%33.4%
Adj EPS NANANANA
BVPS11.9%-0.7%-1%7.6%
Share Price 28.7% 55.5% 101.7% 111.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-12.5-14.9-26.8-11.7-7.45.7-5.9-4.8-5.67.15.1
Op. Profit
Mgn %
-2.8-1.2-8.8-6.5-7.4-2.4-3.612.75.84
Net Profit
Mgn %
-6.1-5.9-11.4-9.9-8.86.2-6.9-6.2-4.44.23.3
Debt to
Equity
0.61.110.40.50.50.50.60.60.6-
Working Cap
Days
1631541741421271491882051157642
Cash Conv.
Cycle
50446255453435312118-11

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.10%

Sales growth is growing at healthy rate in last 3 years 21.25%

Debt to equity has declined versus last 3 years average to 0.56

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -0.52%

Latest Financials - Batliboi Ltd.

Standalone Consolidated
TTM EPS (₹) 2.2 3.4
TTM Sales (₹ Cr.) 190 278
BVPS (₹.) 42.9 49.8
Reserves (₹ Cr.) 110 130
P/BV 3.13 2.70
PE 62.30 38.97
From the Market
52 Week Low / High (₹) 51.52 / 162.65
All Time Low / High (₹) 0.60 / 162.65
Market Cap (₹ Cr.) 390
Equity (₹ Cr.) 14.5
Face Value (₹) 5
Industry PE 42.6

Management X-Ray of Batliboi:

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 Batliboi

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
Sales11712210210510811610994146195
Operating Expenses 12012311111211611911393143183
Manufacturing Costs1414141314141281316
Material Costs677158605763585691119
Employee Cost 25242323232426172324
Other Costs 14141615221817131624
Operating Profit -3-2-9-7-8-3-41411
Operating Profit Margin (%) -2.8%-1.3%-8.9%-6.9%-7.4%-2.6%-3.7%0.8%2.4%5.8%
Other Income 5132845435
Interest 5675567885
Depreciation 2223333333
Exceptional Items 00160000000
Profit Before Tax -5-90-14-8-7-10-7-58
Tax -1-10-31-14-2-120
Profit After Tax -4-70-11-97-8-6-79
PAT Margin (%) -3.6%-6.0%-0.1%-10.2%-8.3%6.1%-6.9%-6.4%-4.5%4.4%
Adjusted EPS (₹)-1.5-2.50.0-3.7-3.12.5-2.6-2.1-2.33.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 544245132123130123117111120
Share Capital 21212114141414141414
Reserves 33212311810911610810296105
Minority Interest0000000000
Debt31394052555961666466
Long Term Debt7141827262634383655
Short Term Debt23252224293328292811
Trade Payables27252016202218172120
Others Liabilities 33343059574451445846
Total Liabilities 146141134259256256252244254252

Fixed Assets

Gross Block112113112217218199201200204205
Accumulated Depreciation61646537811131819
Net Fixed Assets514846214211191190187186185
CWIP 3330000020
Investments 3733365666656
Inventories21232318182219152218
Trade Receivables23251716161111111116
Cash Equivalents 2101111104
Others Assets1099552425252624
Total Assets 146141134259256256252244254252

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5-4-7-101126128
PBT -5-9-16-15-8-7-10-7-58
Adjustment 379767911109
Changes in Working Capital 8-2-0-231227-10
Tax Paid 0000000000
Cash Flow From Investing Activity 0-1169-1-1-10-2-2
Capex 0-11690-1-10-2-1
Net Investments 000000000-2
Others 0000-100000
Cash Flow From Financing Activity -55-81-10-1-7-10-4
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000000122-218
Interest Paid -5-4-8-4-4-5-7-7-7-4
Dividend Paid 0000000000
Others 090535-6-2-2-19
Net Cash Flow 0000000002
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-9.28-19.58-0.35-12.92-7.015.6-5.95-4.99-5.847.45
ROCE (%)0.22-3.39.66-6.73-1.56-0.87-1.330.81.787.24
Asset Turnover Ratio0.860.910.80.580.430.460.430.380.590.77
PAT to CFO Conversion(x)N/AN/AINFN/AN/A0.14N/AN/AN/A0.89
Working Capital Days
Receivable Days77676953524236412726
Inventory Days59617666596369664737
Payable Days1401351421081141201241167863

Batliboi Ltd Stock News

Batliboi Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Batliboi on 18-Mar-2024 16:59 is ₹134.2.
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 18-Mar-2024 16:59 the market cap of Batliboi stood at ₹389.6.
The latest P/E ratio of Batliboi as of 18-Mar-2024 16:59 is 62.30.
The latest P/B ratio of Batliboi as of 18-Mar-2024 16:59 is 3.13.
The 52-week high of Batliboi is ₹162.7 and the 52-week low is ₹51.52.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Batliboi is ₹190.1 ( Cr.) .

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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