X

Borax Morarji Ltd. - (Amalgamated) Stock Analysis

Small Cap
Evaluated by 61 users | BSE: 506315 | NSE: |
Chemicals
Borax Morarji (BML) was incorporated on August 27, 1963. It was originally promoted jointly by the Dharamsi Morarji Chemical Co. Ltd. (DMCC) a large scale fertilizer and Chemical manufacturer and Borax Holdings Ltd. (UK). DMCC is a company incorporated in 1919 and has a turnover of over $70...

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'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Jun'14Mar'15Mar'16
Return on Capital Employed 10.68%13.84%21.74%7.85%7.32%-0.91%-2.42%-16.24%-20.4%-8.65%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 60.779.874.469.87477.361.85362.341.8
Y-o-Y Gr. Rt.-31.4%-6.8%-6.2%6.1%4.4%-20.1%-14.2%17.6%-33%
Adjusted EPS (Rs.) 4.777.3114.433.553.77-5.36-5.81-16-20.58-9.77
Y-o-Y Gr. Rt.-53.3%97.4%-75.4%6.2%-242.2%NANANANA
Book Value per Share (Rs.) 27.9629.3532.0534.8436.1329.7423.231.53-26.69-9.92
Adjusted Net Profit 2.23.36.51.61.7-2.4-2.6-7.2-9.3-4.4
Net Op. Cash Flow (Rs. Cr.) 5.59.54.8151.715.64.96.6-25
Debt to Cash Flow from Ops 3.512.254.7726.115.4321.071.983.363.91-0.96
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.
Borax Morarji Ltd. - (Amalgamated) should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -4.1%-10.8%-12.2%-33%
Adjusted EPS -208.3%-221%NANA
Book Value per Share -189.1-177.2-175.30
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Jun'14Mar'15Mar'16
Return on Equity (%) 17.7625.5245.7810.1110.16-15.51-20.69-82.88-124.39-171.67
Operating Profit Margin (%) 11.3211.217.069.418.872.170.08-9.63-8.64-5.42
Net Profit Margin (%) 3.554.148.772.32.3-3.14-4.26-13.65-14.94-10.58
Debt to Equity 1.531.621.591.651.682.712.952.1-397.95.31
Working Capital Days 191152161190183173180131159175
Cash Conversion Cycle 4927378597967627-9-67
Entity Percentage Holding
Promoters 63.63%
Institutions 0.24%
Non-Institutions 36.13%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* 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

Borax Morarji (BML) was incorporated on August 27, 1963. It was originally promoted jointly by the Dharamsi Morarji Chemical Co. Ltd. (DMCC) a large scale fertilizer and Chemical manufacturer and Borax Holdings Ltd. (UK). DMCC is a company incorporated in 1919 and has a turnover of over $70 million. In 1979 DMCC bought over the share of Borax Holdings.

Borax Morarji has a cohesive group of 300 dedicated employees and a sales turnover of, U.S.$ 16 million. BML is committed to total

Borax Morarji (BML) was incorporated on August 27, 1963. It was originally promoted jointly by the Dharamsi Morarji Chemical Co. Ltd. (DMCC) a large scale fertilizer and Chemical manufacturer and Borax Holdings Ltd. (UK). DMCC is a company incorporated in 1919 and has a turnover of over $70 million. In 1979 DMCC bought over the share of Borax Holdings.

Borax Morarji has a cohesive group of 300 dedicated employees and a sales turnover of, U.S.$ 16 million. BML is committed to total customer satisfaction. BML offers a wide range of quality products at a reasonable price followed by excellent customer service. This has enabled BML to maintain it’s market share at 75% of the Indian boron chemicals market. A network of dealers all over India, built up over the last three decades, provides full support and service to customers.

The company mainly works under three divisions viz;

Chemical Division- BML has been manufacturing boron based chemicals at Ambernath near Mumbai, since 1964. Glass, ceramic and pharmaceutical industries are the major consumers of boron chemicals. The annual production capacity for all grades of Borax and Boric Acid are 25000MT and 8000MT respectively. A wide range of speciality chemicals are also produced, with application as detergents additives, micronutrient fertilizers, timber preservatives, flame retardants, and catalysts.The quality management system of the chemical division has been certified by Bureau Veritas Quality International in accordance with ISO 9002 : 1994 Quality Standards for: manufacture and supply ofi) Bulk Boron Chemicals    ii) Speciality Boron Chemicals

Timber Division - In 1991, BML diversified into the manufacture of eco-friendly chemically treated timber, setting up a plant with an annual capacity to manufacture 12,000 cubic meters of chemically treated and seasoned rubberwood. The plant was set up in technical collaboration with the Danish Wood Treating Co. Ltd., Denmark. The company markets the chemically treated rubberwood under the brand name BOROTIK® , which is sold to the furniture and construction industries and also converted into flooring and panels. In the year 1994, the company undertook a forward integration programme of the timber division by setting up a 100% export oriented unit for manufacture of value added wood products for the International market. Products are custom made to meet customer requirements and are exported to USA, Europe and Middle East.

Windmill Division- The company has setup two windmill farms consisting of 7 wind turbine generators having a total generation capacity of 1.75 megawatts. Power from the Windmills is used for internal consumption and for sale to the grid. BML is an active supporter of efforts to promote non-conventional energy sources.

Product range of the company includes:

  • Boric Acid
  • Borax Decahydrate
  • Borax Pentahydrate
  • Sodium Metaborate
  • Ammonium Pentaborate
  • Zinc Borate

Achievements/ recognition:

  • The Quality Management system of the Chemical Division has been certified by Bureau Veritas Quality International to be in accordance with ISO 9002 : 1994 Quality Standards for: Manufacture and supply of i) Bulk Boron Chemicals    ii) Speciality Boron Chemicals

        

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback