Birla Precision Technologies Ltd - Stock Valuation and Financial Performance

BSE: 522105 | NSE: | Engineering - Industrial Equipments | Small Cap

Birla Precision Tech Share Price

59.95 0.44 0.74%
as on 19-Mar'24 11:01

DeciZen - make an informed investing decision on Birla Precision Tech

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Birla Precision Technologies stock performance -

mw4me loader
P/E Ratio (SA):
33.46
Market Cap:
388.4 Cr.
52-wk low:
28.2
52-wk high:
76.7

Is Birla Precision Technologies Ltd an attractive stock to invest in?

1. Is Birla Precision Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Birla Precision Technologies Ltd is a average quality company.

2. Is Birla Precision Technologies Ltd undervalued or overvalued?

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

3. Is Birla Precision Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Birla Precision Technologies 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 Birla Precision Tech:

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.
Birla Precision Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.7%2.9%1.3%-3.4%4.6%9.1%-0.4%3.8%10.6%9.1%-
Value Creation
Index
-0.7-0.8-0.9-1.2-0.7-0.4-1.0-0.7-0.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 155154149153184215174171246253230
Sales YoY Gr.--0.6%-3.1%2.3%20.5%16.7%-19.2%-1.2%43.6%2.9%-
Adj EPS 0.5-0.1-0.2-1.60.51.6-0.80.21.71.81.8
YoY Gr.--117%NANANA230.6%-148.8%NA700%6.6%-
BVPS (₹) 24.924.724.51919.620.717.616.318.120.322.2
Adj Net
Profit
2.5-0.4-1.3-8.12.68.8-4.51.41111.712
Cash Flow from Ops. 20.98.29136.79.45.724.622.226.7-
Debt/CF from Ops. 1.64.23.72.34.33.14.91.11.11.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.6%6.6%13.5%2.9%
Adj EPS 16%29.6%NA6.6%
BVPS-2.2%0.8%4.8%12.2%
Share Price 39.8% 29.9% 78% 83%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.9-0.3-1-7.12.68.2-4.21.39.89.38.4
Op. Profit
Mgn %
95.41.95.4-9.27.44.15.47.67.211.1
Net Profit
Mgn %
1.6-0.3-0.8-5.31.44.1-2.60.84.54.65.1
Debt to
Equity
0.30.30.30.30.30.30.30.30.20.2-
Working Cap
Days
358345352318277279340305210200119
Cash Conv.
Cycle
158165164123818411199738548

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.40%

Sales growth is growing at healthy rate in last 3 years 13.45%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -10.64%

Latest Financials - Birla Precision Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 1.8 1.6
TTM Sales (₹ Cr.) 230 229
BVPS (₹.) 22.2 21.8
Reserves (₹ Cr.) 131 129
P/BV 2.69 2.73
PE 33.46 38.24
From the Market
52 Week Low / High (₹) 28.20 / 76.69
All Time Low / High (₹) 1.86 / 124.80
Market Cap (₹ Cr.) 388
Equity (₹ Cr.) 13.1
Face Value (₹) 2
Industry PE 42.6

Management X-Ray of Birla Precision Tech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.340.340.340.340.340.340.340.340.340.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Birla Precision Tech

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
Sales155154149153184215173171246253
Operating Expenses 141146146145201199166162228235
Manufacturing Costs32313336414639355054
Material Costs59605449656352587575
Employee Cost 30333537384445404653
Other Costs 19232523574531285853
Operating Profit 14838-1716791918
Operating Profit Margin (%) 9.0%5.1%1.9%5.3%-9.3%7.4%4.1%5.3%7.6%7.2%
Other Income 765331442210
Interest 8755556553
Depreciation 9766665445
Exceptional Items 000-2900-13000
Profit Before Tax 50-3-2939-1311121
Tax 21-20000005
Profit After Tax 3-1-1-2939-1311115
PAT Margin (%) 1.8%-0.4%-0.7%-18.8%1.4%4.2%-7.7%0.8%4.5%6.0%
Adjusted EPS (₹)0.5-0.1-0.2-5.40.51.7-2.30.21.72.3
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 131130129100103113100107118133
Share Capital 11111111111111131313
Reserves 12111911889921028994105120
Minority Interest0000000000
Debt32343329272726272432
Long Term Debt5652211313
Short Term Debt27282826262725242329
Trade Payables21222229333425273234
Others Liabilities 26201721304336394037
Total Liabilities 211206201179194217188199214236

Fixed Assets

Gross Block115115116124126128133134142182
Accumulated Depreciation687479859296101105109113
Net Fixed Assets46413739353232293369
CWIP 0020000090
Investments 0000000777
Inventories30282933345345435659
Trade Receivables72726841464332333740
Cash Equivalents 7757699232126
Others Assets56575958748070635234
Total Assets 211206201179194217188199214236

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 218913796252227
PBT 50-3-2939011121
Adjustment 1413101112181312264
Changes in Working Capital 6-2330-8-17-811-145
Tax Paid -4-3-1000000-2
Cash Flow From Investing Activity 0-2-5-5-1-30-8-17-27
Capex -1-2-5-5-2-3-1-2-18-27
Net Investments 0000000000
Others 1100100-700
Cash Flow From Financing Activity -23-7-6-7-6-4-6-1-85
Net Proceeds from Shares 0000022500
Net Proceeds from Borrowing -20-10000000
Interest Paid -8-7-5-5-5-5-6-5-5-3
Dividend Paid 0000000000
Others -1310-3-10-2-1-28
Net Cash Flow -20-21-13-115-35
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.19-0.45-0.83-25.042.598.39-12.51.379.9412.18
ROCE (%)7.364.520.97-16.455.7510.48-5.724.9612.0415.58
Asset Turnover Ratio0.750.80.80.881.011.040.860.891.191.13
PAT to CFO Conversion(x)7N/AN/AN/A2.331N/A2521.8
Working Capital Days
Receivable Days149159158120847579695256
Inventory Days756465696574103937382
Payable Days155134150193175194209164143161

Birla Precision Technologies Ltd Stock News

Birla Precision Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Birla Precision Tech on 19-Mar-2024 11:01 is ₹59.95.
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 19-Mar-2024 11:01 the market cap of Birla Precision Tech stood at ₹388.4.
The latest P/E ratio of Birla Precision Tech as of 19-Mar-2024 11:01 is 33.46.
The latest P/B ratio of Birla Precision Tech as of 19-Mar-2024 11:01 is 2.69.
The 52-week high of Birla Precision Tech is ₹76.69 and the 52-week low is ₹28.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Birla Precision Tech is ₹229.5 ( Cr.) .

About Birla Precision Technologies Ltd

Birla Precision Technologies Ltd (BPT), the erstwhile Birla Kennametal Ltd, was established in 1986, as a joint venture company between Yash Birla Group (YBG) and Kennametal Inc, USA In July 2007. YBG acquired the stake of Kennametal in the JV consequent upon which Birla Kennametal was renamed as “Birla Precision Technologies” (BPT).

BPT is a world class organization with expertise in manufacture of a wide range of CNC tooling.

Product range of the company includes:

WORK HOLDING PRODUCTS-  Speed Indexers, Expanding Mandrel & Sleeves.  Birla Precision offers wide range of special work holding equipments for I.D & O.D holding applications.  Standard expanding mandrels like between centre application / face plate mounted with draw bar operation are available for grinding & turning applications.  Special tailor made work holding solutions based on application can also been provided.

ROTATING TOOL HOLDERS-

(STANDARD PRODUCTS) 1. Collet Chucks-Birla Precision offers the largest variety and highest quality standard Collet Chucks.

2. End Mill Holders- Birla Precision offers the largest variety and highest quality End Mill Holders on BT/DV/CAT/HSK shanks.

3. Shell Mill Holders - Birla Precision offers the largest variety and highest quality Shell Mill Holders on BT/DV/CAT/HSK shanks.

4. Drill Chuck & MT Holders- Birla Precision offers the wide variety of drill chucks & Morse Taper Holders for drilling application.

5. Collets and Pull Studs- Birla Precision offers all varieties of ER/TG/DA collets in metric & Inch sizes. Collets in sets are also supplied as per DIN 6499.

6. Boring Bar Blanks- Birla Precision offers boring bar blanks on various tapers in Different dia. & in standard gauge lengths.

.(ADVANCED PRODUCTS)

1. Hydraulic Chucks - Birla Precision offers a wide range in hydraulic chucks on BT/DV/CAT & HSK tapers.

2. Shrink Fit Holders- Birla Precision offers wide range in Shrink Fit adaptors on BT/DV/CAT & HSK tapers.

MACHINED CASTINGS

  • Shell Moulded Casting Auto Components
  • High Precision Fuel Injection System parts: Retainer Shafts, Adaptors, Guides, Covers, Housings

Other companies in the group are-Zenith Birla (India), Birla Power Solutions, Birla Cotsyn (India), Dagger Forst Tools, Birla Transasia Carpets, Birla Perucchini, Birla Lifestyle, Birla Electricals, and Birla Concepts (India).

Customers of the company include: MSC Industrial Supply Co, Kennametal, Coventry Tool Holders, Bosch, Rexroth and Cummins etc.

Award/ Achievements

The company was adjudged as second out of more than 300,000 Indian aspirants in SME Sector Emerging India Awards, London 2008.

Highest rating in the ranking of India's Top 500 manufacturing Small and Mid Sized company rating - Industry 2.0.

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