BMW Industries Ltd - Stock Valuation and Financial Performance

BSE: 542669 | NSE: | Engineering - Construction | Small Cap

BMW Industries Share Price

65.40 0.66 1.02%
as on 26-Apr'24 16:01

DeciZen - make an informed investing decision on BMW Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

BMW Industries stock performance -

mw4me loader
P/E Ratio (SA):
27.24
Market Cap:
1,472.1 Cr.
52-wk low:
25.6
52-wk high:
86

Is BMW Industries Ltd an attractive stock to invest in?

1. Is BMW Industries Ltd a good quality company?

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

2. Is BMW Industries Ltd undervalued or overvalued?

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

3. Is BMW Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of BMW 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 BMW 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.
BMW 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 % 5.6%7.2%7.2%6.8%8.9%9.2%6.6%3.7%6.2%7.2%-
Value Creation
Index
-0.6-0.5-0.5-0.5-0.4-0.4-0.5-0.7-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 547661672750945823601357406508529
Sales YoY Gr.-20.9%1.6%11.7%25.9%-12.9%-27%-40.6%13.8%25%-
Adj EPS 10.515.717.31.52.11.91.10.41.31.82.4
YoY Gr.-48.7%10.2%-91.3%39.7%-9.5%-40.8%-68.1%269.4%37.6%-
BVPS (₹) 157172.5188.218.921.423.224.21924.125.827.6
Adj Net
Profit
21.735.338.933.947.643.125.48.129.841.354
Cash Flow from Ops. 11396.110214586.110812912752.5103-
Debt/CF from Ops. 5.76.25.53.353.42.324.92.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.8%-11.7%-5.5%25%
Adj EPS -17.7%-2.8%17.4%37.6%
BVPS-18.2%3.9%2.2%7.3%
Share Price - - 31.8% 111.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.19.89.5810.58.64.81.76.27.49
Op. Profit
Mgn %
16.41818.316.51617.718.325.524.321.622.3
Net Profit
Mgn %
45.35.84.555.24.22.37.48.110.2
Debt to
Equity
21.51.31.10.90.70.50.60.50.4-
Working Cap
Days
311247247211181247324415363337121
Cash Conv.
Cycle
17416516315313416020824618117761

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.00%

Net Profit is growing at healthy rate in last 3 years 17.43%

Sales growth has been subdued in last 3 years -5.45%

Sales growth is not so good in last 4 quarters at 6.60%

Latest Financials - BMW Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 2.4 2.7
TTM Sales (₹ Cr.) 529 596
BVPS (₹.) 27.6 28.8
Reserves (₹ Cr.) 599 625
P/BV 2.37 2.27
PE 27.24 24.13
From the Market
52 Week Low / High (₹) 25.60 / 86.00
All Time Low / High (₹) 9.50 / 86.00
Market Cap (₹ Cr.) 1,472
Equity (₹ Cr.) 22.5
Face Value (₹) 1
Industry PE 42.2

Management X-Ray of BMW 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 BMW 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
Sales547661672750945823601357406508
Operating Expenses 457547555626794681493266307398
Manufacturing Costs56667275909587528098
Material Costs374444430489606477312160158222
Employee Cost 12151719243025171819
Other Costs 15233645747969375160
Operating Profit 901151161241501411089199110
Operating Profit Margin (%) 16.4%17.3%17.3%16.5%15.9%17.2%18.0%25.5%24.3%21.6%
Other Income 62261624149139
Interest 42504644475645292324
Depreciation 28293243484645474333
Exceptional Items 0000000-18100
Profit Before Tax 26374043726332-1564561
Tax 5561021228-391217
Profit After Tax 22323434514124-1183344
PAT Margin (%) 4.0%4.9%5.1%4.5%5.4%5.0%4.0%-33.0%8.1%8.7%
Adjusted EPS (₹)1.11.41.50.22.31.81.1-5.21.52.0
Dividend Payout Ratio (%)0%0%0%0%0%1%0%0%1%10%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 328392427425481521545428542581
Share Capital 21232323232323232323
Reserves 308370404403458499522405519559
Minority Interest0000000000
Debt590545517423374312237202222206
Long Term Debt3493052811961527736998071
Short Term Debt241240237226222235201103142135
Trade Payables2630322463318271218
Others Liabilities 1069594147143261177136131142
Total Liabilities 1,0511,0631,0701,0191,0611,125967792907948

Fixed Assets

Gross Block642673713583608621641620651711
Accumulated Depreciation981261584395141185230273306
Net Fixed Assets544547555540513480456390378405
CWIP 32342435212332373524
Investments 1010101077772612
Inventories165167179179225211207118138134
Trade Receivables18217217818120919412276119140
Cash Equivalents 77781011105513
Others Assets1121261166576199133160205219
Total Assets 1,0511,0631,0701,0191,0611,125967792907948

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 113961021458610812912753103
PBT 26374043726332-1564561
Adjustment 687876848179942516053
Changes in Working Capital 20-9-1228-58-201539-45-2
Tax Paid 0-10-2-11-9-14-12-7-8-9
Cash Flow From Investing Activity -178-33-30-4837-9-60-14-51
Capex -423-32-40-46-2-15-22-65-24-53
Net Investments 0000-400211-1
Others 244-110-2923123-13
Cash Flow From Financing Activity 67-63-72-97-90-113-120-70-39-45
Net Proceeds from Shares 253100000000
Net Proceeds from Borrowing 14-44-25-45-39-69-4057-39-12
Interest Paid -40-49-44-42-47-56-45-29-21-22
Dividend Paid -100000000-5
Others 69-1-4-10-412-35-9921-7
Net Cash Flow 2100-120-207
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.229.078.487.9911.298.184.5-24.196.797.86
ROCE (%)7.58.958.789.2313.113.288.85-16.769.2310.54
Asset Turnover Ratio0.570.650.650.740.910.750.570.410.480.55
PAT to CFO Conversion(x)5.14334.261.692.635.38N/A1.612.34
Working Capital Days
Receivable Days1119592847589961018893
Inventory Days96899184789712716611598
Payable Days43232621263623404424

BMW Industries Ltd Stock News

BMW Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of BMW Industries on 26-Apr-2024 16:01 is ₹65.40.
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 26-Apr-2024 16:01 the market cap of BMW Industries stood at ₹1,472.1.
The latest P/E ratio of BMW Industries as of 26-Apr-2024 16:01 is 27.24.
The latest P/B ratio of BMW Industries as of 26-Apr-2024 16:01 is 2.37.
The 52-week high of BMW Industries is ₹86.00 and the 52-week low is ₹25.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BMW Industries is ₹528.7 ( Cr.) .

About BMW Industries Ltd

BMW Industries Limited, a public limited company, is incorporated at Kolkata, in the State of West Bengal. The corporate office as well as registered office of the Company is situated at 119 Park Street, White House, 3rd Floor, Kolkata, West Bengal. The Company’s shares are listed on The Calcutta Stock Exchange Limited (CSE) and The Bombay Stock Exchange Limited (BSE).

The company was established in 1981. The company has leveraged steel processing experience across more than three decades in to emerge as a significant industrial group. The company manufactures two types of products: longs (structures and tmt) and flats (pipes, galvanised & plain and pickled & oiled hr coils, cold rolled sheets, plain galvanised sheets & corrugated galvanised sheets). these address the needs of customers in the construction, automobile and consumer durable sectors

Business area of the company

The Company is primarily engaged into manufacturing, processing and selling of steel products comprising of engineering and other products and services and activities related to the same.

Milestones

1970-1980
  • Set up the Company’s first tube mill in Kolkata
  • Steel Service Centre concept in 1971
  • Entered manufacturing of lighting poles.
1980-2000
  • Expanded the capacity of Steel Service Centre
  • Formation of Joint Venture with SAIL
  • Diversified into infrastructure and road construction.
  • Facility to manufacture LPG Cylinders and Hollow bricks.
2001-2010
  • Turnkey job for tower business
  • Commissioned automatic structural rolling mill with a capacity of 0.12 million TPA
  • Commissioned and installed TMT rolling mill with a capacity of 0.30 million TPA
  • Strategic partnership with TATA for Continuous Galvanizing Line
2011-2019
  • Successfully commissioned the CGL line in the year 2013
  • Ventures into providing Logistic Solution. Now in position to offer end to end solutions to customers
  • Started operation for Metal Beam Crash Barrier and High Mast Towers & Tubular Poles
  • Installed a new TMT Mill of 120000 MT in the year February 2018 and started production of self-branded Bansal Super TMT
  • Planned setting up of High Speed Tube Mill
2019-2020
  • Signed an agreement with a client for processing full hard cold rolled steel sheets
  • Installed an automated advanced slitting line in the manifit plant, designed to increase production and improve quality
  • Installed a tc roll path in the argori unit for processing tmt bars to provide a better finish
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