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Bilpower Ltd. Stock Analysis

Small Cap
Evaluated by 161 users | BSE: 531590 | NSE: BILPOWER |
Steel & Iron Products
Bilpower was incorporated as a private limited company in October 1989 as Brahm Ispat Private Limited and later in 1995 it was converted into a public limited company.Bilpower is a leading power engineering company in India. The company is involved in manufacturing electrical laminations made...

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
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 7.46%6.9%0.51%-10.32%-17.82%-95.93%-6.94%14.94%-0.19%0.67%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 45639935635.43.918.513.922.59.90
Y-o-Y Gr. Rt.--12.6%-10.7%-90.1%-89.1%381.3%-25.3%62.5%-56%-100%
Adjusted EPS (Rs.) 6.732.06-7.31-17.4-16.45-53.61-2.064.27-0.160.1
Y-o-Y Gr. Rt.--69.4%-454.9%NANANANANA-103.8%NA
Book Value per Share (Rs.) 66.3542.0233.1813.23-3.25-56.88-58.95-53.95-54.64-54.26
Adjusted Net Profit 14.14.3-15.4-36.6-34.6-113-4.39-0.30.2
Net Op. Cash Flow (Rs. Cr.) -44.698.8-6.4-74.2-91.61.211.5-4.7-18.10
Debt to Cash Flow from Ops -4.121.01-18.01-2.47-1.97148.8715.69-38.13-9.71-18,910.73
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Bilpower Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -100%-100%-100%-100%
Adjusted EPS -37.4%NANANA
Book Value per Share -197.8000
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 10.633.79-19.43-74.95-329.02178.333.56-7.560.29-0.18
Operating Profit Margin (%) 6.473.931.77-40.46-103.7-4.62-1.83-17.03-115.560
Net Profit Margin (%) 3.11.08-4.31-103.36-898.44-607.69-31.2439.81-3.320
Debt to Equity 1.321.131.646.59-26.44-1.51-1.46-1.59-1.53-1.54
Working Capital Days 2252542432,36316,7652,4761,7791,2482,9000
Cash Conversion Cycle 1661361031,52212,1751,7766293241,2500
Entity Percentage Holding
Promoters 16.61%
Institutions 2.79%
Non-Institutions 80.60%
Pledged *0.0091.7491.7491.7491.7491.7491.7491.7491.7491.74
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Bilpower was incorporated as a private limited company in October 1989 as Brahm Ispat Private Limited and later in 1995 it was converted into a public limited company.

Bilpower is a leading power engineering company in India. The company is involved in manufacturing electrical laminations made up of cold rolled grained oriented (CRGO) steel sheets and stampings (stators and rotors). CRGO is exclusively used in the manufacture of distribution and power transformers and stampings used for

Bilpower was incorporated as a private limited company in October 1989 as Brahm Ispat Private Limited and later in 1995 it was converted into a public limited company.

Bilpower is a leading power engineering company in India. The company is involved in manufacturing electrical laminations made up of cold rolled grained oriented (CRGO) steel sheets and stampings (stators and rotors). CRGO is exclusively used in the manufacture of distribution and power transformers and stampings used for rotation of power. It is also engaged in the import and export of CRGO and CRNGO electrical steel sheets, coils and offcuts. The company imports raw materials, e.g., CRGO from US, UK, Germany, Italy, Dubai, Europe and exports its products worldwide. The company has four units in Baroda, Silvassa and Haridwar.

As part of expansion, the company has entered into the transmission and distribution business through a joint venture as lead partner. The joint venture has been appointed as turnkey contractors by Maharshtra State Electricity Distribution Company. The subsidiaries of the company include Tarapur Transformers, which is involved into repairs, refurbishment and upgradation of power transformers and Sun Transtamp, a company involved in manufacturing electrical laminations.

In October 2007 the company had qualified as the turnkey contractor for the EPC business in the transmission and distribution segment of power sector by the Maharashtra State Electricity Distribution Company (MSEDCL). In view of the same, the company proposes to venture into transmission and distribution turnkey contracts.

Its stamping manufacturing unit is located at Wada in Thane district spread over an area of 18 acres. It has an annual capacity of 24000 MT per annum. Machines such as: 360 T High speed machine with 600mm feeder, 400 T ‘H’ Frame Blanking press with 1250 mm Feeder, Continuous Exothermic heat treatment Furnace are installed.

Product range

Transformer Laminations- it manufactures a wide range of transformer laminations using Cold Rolled Grain Oriented (CRGO) steel in grades M6, M5, M4, M3, Hi-B, ZDKH, ORSIH, etc. It imports all its CRGO requirements from various countries viz. Germany, France, Italy, U.S.A and Russia and can process laminations utilizing the complete width of CRGO i.e. upto 1000 mm.

Rotating Machine Stampings- The range of products are from micro motor stampings to HT motors stampings having a dia up to 1250mm, including the segmental stampings and the larger pole laminations. Its focused end products are:

  • MOTORS - MICRO / LT / HT
  • ALTERNATORS
  • PUMPS
  • FANS
  • COMPRESSORS
  • GENERATORS - HYDRO / TURBO / WINDMILLS
  • BALLASTS

Power Transformers- it manufactures Power Transformers up to and including 100 MVA/220, KV class. The factory is equipped with latest machineries and testing equipments. It also repair, refurbish and upgrade Power Transformers from 5 MVA till 315 MVA, up to 400 KV Class. EPC Jobs in Transmission and Distribution Sector- it undertake jobs on behalf of all the State Electricity Boards (SEBs) and Private Sector Jobs to lay the Transmission Lines upto and including 400 KV Class.

Different divisions of the company

Lamination Division- its Lamination Plants are located at Baroda, Silvassa, Kanchad, Uttaranchal.

Stamping Division- its Stamping Plant is located at 72 kms from the economic capital of India, Mumbai, towards North of Mumbai. It has a state-of-the-art manufacturing plant with finished capacity of 24000 MT / annum. It manufactures stampings from Ballast to Hydro-Generators.

Power Transformer Division- is based at two locations in Boisar and in village Pali, District Thane.

Transmission and Distribution Division of the company is based out of Mumbai. It laid the transportation system for generated power to be distributed all over the country the company also takes EPC contracts for laying Transmission and Distribution lines.

Recent developments

Bilpower has sold its entire stake in Birla Cotsyn (India) Limited in January 2009.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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