Bansal Roofing Products Ltd - Stock Valuation and Financial Performance

BSE: 538546 | NSE: | Engineering | Small Cap

Bansal Roofing Share Price

86.10 0.23 0.27%
as on 25-Apr'24 16:01

DeciZen - make an informed investing decision on Bansal Roofing

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

1. Quality

2. Valuation

Fair

3. Price Trend

Bansal Roofing Products stock performance -

mw4me loader
P/E Ratio (SA):
27.27
Market Cap:
113.2 Cr.
52-wk low:
59
52-wk high:
129

Is Bansal Roofing Products Ltd an attractive stock to invest in?

1. Is Bansal Roofing Products Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bansal Roofing Products Ltd is a average quality company.

2. Is Bansal Roofing Products Ltd undervalued or overvalued?

The key valuation ratios of Bansal Roofing Products Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Bansal Roofing Products Ltd a good buy now?

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

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.
Bansal Roofing Products 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 % 19.7%10.6%10%12.3%12.3%16.7%17.1%14.4%17.7%15.8%-
Value Creation
Index
0.4-0.2-0.3-0.1-0.10.20.20.00.30.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 19.224.422.427.232.544.14141.572.693.3106
Sales YoY Gr.-27.2%-8%21.3%19.7%35.6%-7%1.1%74.9%28.5%-
Adj EPS 0.90.40.60.80.91.61.71.733.23.2
YoY Gr.--48.8%34.1%33.9%12.7%83.2%6.1%0%72.8%5.7%-
BVPS (₹) 2.8455.789.410.912.315.118.220.3
Adj Net
Profit
0.70.50.60.91.22.22.32.33.94.24
Cash Flow from Ops. 0.7-1.50.52.2-1.52.803.75.58.6-
Debt/CF from Ops. 2.5-1.47.41-1.90.20.30.61.30.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19.2%23.4%31.5%28.5%
Adj EPS 15.6%28.8%22.2%5.7%
BVPS23.3%17.9%18.8%21%
Share Price - 50.2% 79.1% 26.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
33.713.612.614.713.918.717.114.921.81916.3
Op. Profit
Mgn %
5.73.55.36.35.8787.97.97.46.7
Net Profit
Mgn %
3.422.93.13.64.95.65.55.44.53.9
Debt to
Equity
0.80.50.70.40.30.100.10.40.3-
Working Cap
Days
7874917980647585604526
Cash Conv.
Cycle
264161505448616239307

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 31.47%

Net Profit is growing at healthy rate in last 3 years 22.24%

Sales growth is good in last 4 quarters at 19.68%

Return on Equity has declined versus last 3 years average to 16.30%

Latest Financials - Bansal Roofing Products Ltd.

Standalone Consolidated
TTM EPS (₹) 3.2 -
TTM Sales (₹ Cr.) 106 -
BVPS (₹.) 20.3 -
Reserves (₹ Cr.) 14 -
P/BV 4.22 -
PE 27.27 -
From the Market
52 Week Low / High (₹) 58.95 / 129.00
All Time Low / High (₹) 5.56 / 129.00
Market Cap (₹ Cr.) 113
Equity (₹ Cr.) 13.2
Face Value (₹) 10
Industry PE 35.8

Management X-Ray of Bansal Roofing:

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 Bansal Roofing

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
Sales19242227334441427393
Operating Expenses 18232125314138386786
Manufacturing Costs0000112124
Material Costs17221923283733346177
Employee Cost 0111111123
Other Costs 1111111123
Operating Profit 1112233367
Operating Profit Margin (%) 5.7%3.5%5.3%6.3%5.8%7.0%8.0%7.9%7.9%7.4%
Other Income 0000000000
Interest 0000000001
Depreciation 0000000001
Exceptional Items 0000000000
Profit Before Tax 1111133356
Tax 0000011111
Profit After Tax 1011122244
PAT Margin (%) 3.4%2.0%2.9%2.9%3.3%4.6%5.5%5.4%5.4%4.5%
Adjusted EPS (₹)0.90.40.60.70.81.61.71.73.03.2
Dividend Payout Ratio (%)0%0%0%0%15%16%15%15%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 2556111214162024
Share Capital 222233331313
Reserves 1334791113711
Minority Interest0000000000
Debt2242310165
Long Term Debt1111100155
Short Term Debt1231200010
Trade Payables2101201222
Others Liabilities 1111111276
Total Liabilities 791011161416213637

Fixed Assets

Gross Block224446662128
Accumulated Depreciation0001112223
Net Fixed Assets223434541825
CWIP 0000000510
Investments 0000000000
Inventories44357577118
Trade Receivables1111123232
Cash Equivalents 0000320001
Others Assets1121111221
Total Assets 791011161416213637

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1-202-230469
PBT 1111133356
Adjustment 0001000011
Changes in Working Capital -0-2-11-30-3113
Tax Paid 00000-1-1-1-1-1
Cash Flow From Investing Activity 0-1-1-10-1-1-5-11-7
Capex 0-1-1-10-1-1-5-11-7
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity 021-24-3-125-1
Net Proceeds from Shares 0200300000
Net Proceeds from Borrowing -1000000140
Interest Paid 000000000-1
Dividend Paid 0000000000
Others 111-11-2012-1
Net Cash Flow 00002-1-2001
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3614.8713.1813.4612.8917.7216.7414.7221.8119
ROCE (%)29.5216.2814.8516.6615.6322.2822.8818.9723.8921.26
Asset Turnover Ratio3.413.472.672.922.843.413.152.612.972.99
PAT to CFO Conversion(x)1N/A02-21.5021.52.25
Working Capital Days
Receivable Days2111181612132019119
Inventory Days53575548594447543931
Payable Days5029141519106131211

Bansal Roofing Products Ltd Stock News

Bansal Roofing Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bansal Roofing on 25-Apr-2024 16:01 is ₹86.10.
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-Apr-2024 16:01 the market cap of Bansal Roofing stood at ₹113.2.
The latest P/E ratio of Bansal Roofing as of 25-Apr-2024 16:01 is 27.27.
The latest P/B ratio of Bansal Roofing as of 25-Apr-2024 16:01 is 4.22.
The 52-week high of Bansal Roofing is ₹129.0 and the 52-week low is ₹58.95.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bansal Roofing is ₹106.1 ( Cr.) .

About Bansal Roofing Products Ltd

Bansal Roofing Products was incorporated in 2008, foraying into business of marketing of roofing sheets and started trading of the same afterwards. It has started its commercial production in the year 2012, since than it continued rapid growth. Registered office of the company is at 3/2, Labdhi Industrial Estate, Acid Mill Compound, Ranmukteshwar Road, Pratapnagar, Vadodara, 390004, Gujarat, India. Promoters of the company have been associated with roofing industry since more than a decade.

The company’s manufacturing facility is situated at Plot No. 06, Raj Industrial Estate, Vadadala, Near Samlatya Crossing, Vadodara, 391520, Gujarat. The products manufactured by the company are made on automatic and semi automatic Roll forming machine, Crimping Machine, Shearing Machine and folding machine.

Business area of the company

The company is mainly a manufacturer of roofing sheets and roofing accessories such as Colour Coated Roof Sheets, FRP Roof Sheets and Polycarbonate Sheets. It also manufactures Eco Ventilators and other miscellaneous Roofing Accessories and provides all roofing solutions to its valuable customers, under one roof. The company has built domain expertise in roofing solutions in a short span which has contributed in its business growth.

Awards and Accreditations

The company has been awarded with -- NSIC -- CRISIL Rating: SE-2B (High Performance Capability and Moderate Financial Strength).

Key Events and Mile Stones

  • 2008: Incorporation of the company in the name and style of -- Bansal Roofing Private Limited.
  • 2012: Commencement of operations at company‘s manufacturing facility situated at Plot No. 06. Raj Industrial Estate, Vadadala, Near Samlatya Crossing, Vadodara, 391520, Gujarat.
  • 2012: Accredited with IS0 9001:2008.
  • 2013: Total Turnover of the Company crosses Rs 1000 lakh.
  • 2013: Change of name of the Company to Bansal Roofing Products Private Limited.
  • 2013: Conversion of the company from Private Limited Company to Public Limited Company.
  • 2014: Awarded with -- NSIC -- CRISIL Rating: SE-2B (High Performance Capability and Moderate Financial Strength).
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