BEW Engineering Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: BEWLTD | Engineering | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on BEW Engineering

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

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

BEW Engineering stock performance -

mw4me loader
P/E Ratio (SA):
56.73
Market Cap:
415.5 Cr.
52-wk low:
0
52-wk high:
0

Is BEW Engineering Ltd an attractive stock to invest in?

1. Is BEW Engineering Ltd a good quality company?

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

2. Is BEW Engineering Ltd undervalued or overvalued?

The key valuation ratios of BEW Engineering Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is BEW Engineering Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of BEW Engineering Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of BEW Engineering:

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.
BEW Engineering 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'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.9%12.4%9.4%13.7%18.7%18%-
Value Creation
Index
-0.2-0.1-0.30.00.30.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 43.650.759.459.399.4106106
Sales YoY Gr.-16.5%17%-0%67.5%6.2%-
Adj EPS 5.14.84.312.421.627.828.4
YoY Gr.--6.1%-10.5%190.6%73.9%29%-
BVPS (₹) 30.436.94951.274.9103.3103.3
Adj Net
Profit
0.70.70.62.45.67.27
Cash Flow from Ops. 2.5-3.8-0.98.12-0.5-
Debt/CF from Ops. 5.7-5.7-27.33.613.2-88.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA19.4%21.2%6.2%
Adj EPS NA40.5%86.8%29%
BVPSNA27.7%28.2%37.9%
Share Price - - - 73%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.714.89.927.738.331.227.5
Op. Profit
Mgn %
89.27.413.81113.814.1
Net Profit
Mgn %
1.61.41.145.66.86.9
Debt to
Equity
3.443.42.91.41.60.6
Working Cap
Days
0205250319254336168
Cash Conv.
Cycle
09111213511113740

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 21.17%

Net Profit is growing at healthy rate in last 3 years 86.79%

Debt to equity has declined versus last 3 years average to 1.58

Return on Equity has declined versus last 3 years average to 27.50%

Sales growth is not so good in last 4 quarters at 5.60%

Latest Financials - BEW Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 28.4 -
TTM Sales (₹ Cr.) 106 -
BVPS (₹.) 103.3 -
Reserves (₹ Cr.) 24 -
P/BV 15.59 -
PE 56.73 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 415
Equity (₹ Cr.) 2.6
Face Value (₹) 10
Industry PE 34.9

Management X-Ray of BEW Engineering:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of BEW Engineering

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4451595999106
Operating Expenses 404655518891
Manufacturing Costs111122
Material Costs364149468182
Employee Cost 111123
Other Costs 334345
Operating Profit 45481115
Operating Profit Margin (%) 8.0%9.2%7.4%13.8%11.0%13.8%
Other Income 000011
Interest 233335
Depreciation 111111
Exceptional Items 000000
Profit Before Tax 1114810
Tax 000222
Profit After Tax 111267
PAT Margin (%) 1.6%1.4%1.1%4.0%5.7%6.9%
Adjusted EPS (₹)5.14.84.312.421.928.4
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 457101927
Share Capital 111233
Reserves 34681724
Minority Interest000000
Debt142224292440
Long Term Debt1116147511
Short Term Debt3610221929
Trade Payables121621203644
Others Liabilities 598141418
Total Liabilities 3551617394129

Fixed Assets

Gross Block151516171718
Accumulated Depreciation345678
Net Fixed Assets121212111011
CWIP 000000
Investments 000233
Inventories132737496788
Trade Receivables4534513
Cash Equivalents 234000
Others Assets3557814
Total Assets 3551617394129

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2-4-1820
PBT 1114810
Adjustment 341535
Changes in Working Capital -1-8-30-6-13
Tax Paid 000-1-2-3
Cash Flow From Investing Activity 0-1-10-1-1
Capex 0-1-100-1
Net Investments 0000-10
Others 000000
Cash Flow From Financing Activity -153-9-12
Net Proceeds from Shares 010140
Net Proceeds from Borrowing 15-2-7-26
Interest Paid -2-30-3-3-5
Dividend Paid 000000
Others 035000
Net Cash Flow 111-100
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.7214.779.9427.7338.8431.86
ROCE (%)15.3817.1313.4721.226.4424.91
Asset Turnover Ratio1.481.181.060.891.20.95
PAT to CFO Conversion(x)2-4-140.330
Working Capital Days
Receivable Days303123201530
Inventory Days94145196263213268
Payable Days122122138167128180

BEW Engineering Ltd Stock News

BEW Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of BEW Engineering on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of BEW Engineering stood at ₹415.5.
The latest P/E ratio of BEW Engineering as of 01-Jan-1970 05:30 is 56.73.
The latest P/B ratio of BEW Engineering as of 01-Jan-1970 05:30 is 15.59.
The 52-week high of BEW Engineering is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BEW Engineering is ₹105.6 ( Cr.) .

About BEW Engineering Ltd

BEW Engineering was incorporated in the year 2011, however it's Promoter, Prakash Lade has been in this business since 1974. First manufacturing facility was set up by Prakash Lade and V Khokrale in Partnership firm viz. Bifriends Engineering Works. Second manufacturing facility was set up in 1993 under group company Sterling Fabricating Engineers. The company was established in 2011 to consolidate the operations of BEW group under one roof. In January 2018, Lade family took 100% management control of the group by buying out Khokrale family‘s stake in the Company.

The company is engaged in design and manufacture of Pharmaceutical & Chemical plants and process equipment. It design and manufacture special range of filtration, mixing and drying equipments specifically used in Pharmaceuticals, Sterile Applications, Intermediate Compounds, Fine Chemicals, Chemicals, Agro Chemicals, Pesticides, Insecticides, Dyes and Food Products. These equipments are manufactured from material such as Stainless Steel, Alloy Steel, Hastelloy etc. with various linings as per International Codes : a) IS b) BS c) ASME d) TEMA e) DIN f) CE Marks etc.

Business area of the company

The company is engaged in the design and manufacturing of filters and dryers for the Chemicals Industry comprising of Pharmaceuticals – API, Agro Chemicals, and Specialty Chemicals.

Major products

  • Agitated Pressure Nutsche Filter Dryer
  • Cone Mixer Cum Dryer Nauta Dryer
  • Rotary Vaccum Paddle Dryer
  • Rotocone Vaccum Dryer
  • Plough Shear Mixer Dryer
  • Cantilever Vaccum Dryer
  • Rotocone Vaccum Filter Dryer
  • Retractable Plough Shear Mixer Dryer
  • Spherical Dryer
  • Nutsche Filter Dryer

Major Events and Milestones

  • 2011: Incorporated under Companies Act, 1956 as ?BEW Engineers and Works Private Limited.
  • 2013: Manufacturing facility was operational and Supplied first order.
  • 2015: Executed 1st CE marked Export Order.
  • 2016: Registered as authorized ASME U & R stamp manufacturer.
  • 2016: Established fist overseas sales network in Bangladesh.
  • 2018: Expanded its sales network to Israel.
  • 2019: Expanded its sales network to Russia.
  • 2018: Lade family took 100% management control over BEW by buying Khokrale family stake.
  • 2021: Converted the company to Public Limited from Private Limited
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