Bhageria Industries Ltd - Stock Valuation and Financial Performance

BSE: 530803 | NSE: BHAGERIA | Dyes & Pigments | Small Cap

Bhageria Industries Share Price

151.35 2.60 1.75%
as on 19-Mar'24 12:33

DeciZen - make an informed investing decision on Bhageria Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Bhageria Industries stock performance -

mw4me loader
P/E Ratio (SA):
37.22
Market Cap:
649.2 Cr.
52-wk low:
111.6
52-wk high:
205

Is Bhageria Industries Ltd an attractive stock to invest in?

1. Is Bhageria Industries Ltd a good quality company?

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

2. Is Bhageria Industries Ltd undervalued or overvalued?

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

3. Is Bhageria Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bhageria Industries 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 Bhageria Industries:

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.
Bhageria Industries 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 % 29.1%47.1%17.8%15.7%10.4%19.4%16.7%13.8%14%3.2%-
Value Creation
Index
1.12.40.30.1-0.30.40.20.00-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 369412238347367462414399596501457
Sales YoY Gr.-11.8%-42.2%45.6%5.7%26.1%-10.5%-3.5%49.4%-15.9%-
Adj EPS 4.811.44.712.111.51614.814.115.93.54
YoY Gr.-134.9%-59.1%160%-4.6%38.5%-7.5%-4.4%12.7%-78.2%-
BVPS (₹) 11.12124.383.39378.592.2103.5116.1115.6117.4
Adj Net
Profit
15.436.214.838.436.669.764.561.669.515.217
Cash Flow from Ops. 238.232.255.939.513758.862.584.912.9-
Debt/CF from Ops. 20.60.40.52.62.10.20.40.40.22.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.5%6.5%6.6%-15.9%
Adj EPS -3.6%-21.4%-38.3%-78.2%
BVPS29.8%4.4%7.8%-0.5%
Share Price 36% 1.7% -2.1% 15.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
52.970.920.522.413.121.917.314.414.533.4
Op. Profit
Mgn %
6.413.511.21821.82723.625.919.510.910.2
Net Profit
Mgn %
4.28.86.211.11015.115.615.411.733.8
Debt to
Equity
1.20.30.20.60.30.10.10.100.1-
Working Cap
Days
60661059013812314217313316989
Cash Conv.
Cycle
2428402543323960558261

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.40%

Sales growth has been subdued in last 3 years 6.63%

Net Profit has been subdued in last 3 years -38.30%

Sales growth is not so good in last 4 quarters at -10.58%

Latest Financials - Bhageria Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 4 4
TTM Sales (₹ Cr.) 457 457
BVPS (₹.) 117.4 118.2
Reserves (₹ Cr.) 491 494
P/BV 1.27 1.26
PE 37.22 37.58
From the Market
52 Week Low / High (₹) 111.60 / 205.00
All Time Low / High (₹) 0.50 / 328.55
Market Cap (₹ Cr.) 649
Equity (₹ Cr.) 21.8
Face Value (₹) 5
Industry PE 22

Management X-Ray of Bhageria Industries:

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 Bhageria Industries

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
Sales369412238347367462414399596501
Operating Expenses 345357212285287338316296480449
Manufacturing Costs75915243373841426654
Material Costs254253146215218271244218373353
Employee Cost 14410131316192020
Other Costs 1591016201415172322
Operating Profit 24562762801259810311652
Operating Profit Margin (%) 6.4%13.5%11.1%18.0%21.7%27.0%23.6%25.9%19.4%10.5%
Other Income 132101256496
Interest 1212642113
Depreciation 1136232223262934
Exceptional Items 0000000000
Profit Before Tax 235524656210479819521
Tax 71882122331318256
Profit After Tax 15371543407266627115
PAT Margin (%) 4.2%8.9%6.4%12.5%11.0%15.5%15.9%15.6%11.8%3.0%
Adjusted EPS (₹)4.811.54.813.712.716.415.114.316.23.5
Dividend Payout Ratio (%)18%11%26%18%22%18%20%24%25%29%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 356778265295342402451507504
Share Capital 888881122222222
Reserves 275970257287331380430485483
Minority Interest0000000000
Debt411714144822321271837
Long Term Debt0064900000
Short Term Debt41178140732321271837
Trade Payables32293534523952375940
Others Liabilities 10111396788466757955
Total Liabilities 118124139539508490540590663636

Fixed Assets

Gross Block172937287340350417431534539
Accumulated Depreciation10111520436588114142176
Net Fixed Assets71823267297285329318392363
CWIP 00418415184508
Investments 021333141236813
Inventories19251924311938386543
Trade Receivables544445528763789297127
Cash Equivalents 3089110333610232418
Others Assets87737516064697763
Total Assets 118124139539508490540590663636

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 23832564013759628513
PBT 235524656210479819521
Adjustment 1120222521242535
Changes in Working Capital -171136-3131-27-22-6-35
Tax Paid -5-18-7-15-13-23-14-21-29-8
Cash Flow From Investing Activity -2-31-27-17131-50-45-44-55-26
Capex -3-12-8-104-75-29-67-39-58-14
Net Investments 0-21-16-70100-2318-70-15
Others 12-33523232
Cash Flow From Financing Activity 25-29-11124-77-88-10-8-26-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-15-110000
Interest Paid -1-2-1-1-6-3-2-1-1-3
Dividend Paid -1-3-5-5-8-24-6-13-15-17
Others 27-24-4132-68-49-36-919
Net Cash Flow 25-22-610-6-13104-15
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)52.971.6421.2125.4114.4122.4317.6814.6314.722.98
ROCE (%)42.6371.1128.3826.4717.3629.0120.3418.1619.234.45
Asset Turnover Ratio4.463.611.941.10.710.930.80.710.960.78
PAT to CFO Conversion(x)0.131.032.131.311.90.8911.20.87
Working Capital Days
Receivable Days36416347685962785881
Inventory Days14183121272025353139
Payable Days36448058726268744751

Bhageria Industries Ltd Stock News

Bhageria Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bhageria Industries on 19-Mar-2024 12:33 is ₹151.3.
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 12:33 the market cap of Bhageria Industries stood at ₹649.2.
The latest P/E ratio of Bhageria Industries as of 19-Mar-2024 12:33 is 37.22.
The latest P/B ratio of Bhageria Industries as of 19-Mar-2024 12:33 is 1.27.
The 52-week high of Bhageria Industries is ₹205.0 and the 52-week low is ₹111.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhageria Industries is ₹457.1 ( Cr.) .

About Bhageria Industries Ltd

Bhageria Dye-Chem was incorporated in 1989 with an objective to serve the dyes and intermediates industry all over the globe. The main business of the company is manufacturing and sale of chemicals, dyes, dye intermediates required for dye manufacturers. It is also engaged in the export of related items.

The company commenced its operations by setting up a Vinyl Sulphone Plant at Vapi in Gujarat having a capacity of 540 tonnes per annum (TPA) which has now been expanded to 3,600 TPA. Subsequently it has gone for further expansion in other dyes intermediates and dyestuffs.

 The company successfully incorporates the innovative trends, total quality management and proficiency in work process through advanced research and analysis. Bhageria has made significant strides in the field of dye intermediates and other related products since its inception.

Bhageria Dye exports nearly 70% of its production to countries like Korea, Japan, Taiwan, China, Germany, U.S.A and other European and African countries. Today Bhageria Dye Chem is one of the largest manufacturers and exporters of Intermediates and Dyes.

The company’s team of expert chemists and highly-efficient workman resorted to innovations, keeping in view the constant up gradations of quality and customer's demand, thus ensuring the product for optimal applications for a vast sphere of fields. Constant co-ordination with its customers has earned the reputation of customer-friendly company.

It has a well-organized research and development lab where continuous efforts have been made to produce new range of products and their processes. This department has been arduously working to provide value for money to the customers in keeping with market trends.

Each batch of production goes through strict quality checking in a move to provide its customers quality products and consistency.

Bhageria Dye-Chem aims to be the preffered, trusted and successful long term partner to its stake holders, clients, associates and employees

For this to happen the company plans to stay viable and relevant through practical innovation and continuous focus on efficient and consistent execution.

Business activities of the company:

  • Manufacturing and exporting of Dyes and intermediates.
  • Sourcing and exporting various pharmaceutical products (APIs and FFs).
  • Sourcing of various Bulk chemicals.

Product Range:

The company manufactures the below:

  • Pharmaceutical - Active Pharmaceutical Ingredients, Pharmaceuticals Intermediates and Pharmaceutical Packing Materials
  • Speciality Products - Chloroperoxybenzoic Acid. It is currently developing Benzophenone,  Meta chloro per benzoic Acid and 4 – Hydroxy Benzophenone.
  • Dye Stuff - Acid Dyes, Direct Dyes and Reactive Dyes
  • Pigments
  • Agro Chemicals
  • Dyes Intermediates
  • New products - Para base Ester , Ortho Anicidine Vinyl Sulphone, Para Crisidine Vinyl Sulphone (P.C.V.S), Vinyl Sulphone (Para Amino base) and Sulpho Vinyl Sulphone (Sulpho V.S). 
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