Bombay Paints Ltd - Stock Valuation and Financial Performance

Name: Bombay Paints
Brand: Bombay Paints

BSE: 509475 | NSE: | Paints | Small Cap

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Bombay Paints stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

149.88

Market Cap:

60.9 Cr.

52-wk low:

60.1

52-wk high:

61.5

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1. Is a good quality company?

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2. Is undervalued or overvalued?

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10 Year X-Ray of Bombay Paints:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'99	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	TTM
ROCE % ⓘ	10.9%	8.8%	-2%	2.8%	-26.9%	-21.7%	-4.8%	-3.1%	17.4%	32.6%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	51.4	50.6	49.5	34.2	17.7	15.2	22.2	25.8	31.2	40.9	40
Sales YoY Gr.	-	-1.5%	-2.2%	-30.9%	-48.1%	-14.2%	45.6%	16.4%	20.9%	31.1%	-
Adj EPS ⓘ	4	0.8	-15.8	-7.9	-42.2	-28.5	-9.3	-7.8	9	31.5	0.4
YoY Gr.	-	-79.4%	-2008.4%	NA	NA	NA	NA	NA	NA	249.5%	-
BVPS (₹) ⓘ	17.1	17.9	4.7	-14.4	-53.5	-80.7	-88.5	-92.6	-81.8	-39.4	3.5
Adj Net Profit ⓘ	0.6	0.1	-2.4	-1.2	-6.3	-4.3	-1.4	-1.2	1.4	4.7	0
Cash Flow from Ops. ⓘ	1.8	0.3	-1.4	-2.8	0.5	-0.6	-0.2	1.4	-0.2	1.3	-
Debt/CF from Ops. ⓘ	7.5	45.5	-10.3	-6.1	36.8	-33.3	-114.7	15	-138.4	16.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-2.5%	18.2%	22.6%	31.1%
Adj EPS ⓘ	25.7%	NA	NA	249.5%
BVPSⓘ	-209.7%	NA	NA	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'99	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	TTM
Return on Equity % ⓘ	7	1.4	-33.2	-24.5	-684.3	96.1	18.8	13.3	-15.6	-95.8	-2.3
Op. Profit Mgn % ⓘ	6.8	5.8	0.9	4	-22.3	-15.1	-0.2	0.5	8.9	12.5	4.8
Net Profit Mgn % ⓘ	1.2	0.3	-4.8	-3.4	-35.7	-28.2	-6.3	-4.5	4.3	11.6	1
Debt to Equity ⓘ	5.4	5.1	20	-7.9	-2.1	-1.6	-1.5	-1.5	-1.8	-3.5	-
Working Cap Days ⓘ	132	137	137	163	241	203	153	150	147	148	0
Cash Conv. Cycle ⓘ	77	75	73	90	140	114	58	37	30	36	0

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

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

Latest Financials - Bombay Paints Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.4	-
TTM Sales (₹ Cr.)	39.6	-
BVPS (₹.) ⓘ	3.5	-
Reserves (₹ Cr.) ⓘ	-7	-
P/BV ⓘ	17.49	-
PE ⓘ	149.88	-

From the Market
52 Week Low / High (₹)	60.05 / 61.45
All Time Low / High (₹)	1.30 / 119.00
Market Cap (₹ Cr.)	60.9
Equity (₹ Cr.)	10
Face Value (₹)	10
Industry PE ⓘ	45.3

Management X-Ray of Bombay Paints:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Bombay Paints

Analyst's Notes

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Key Ratios of Bombay Paints

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'99	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08
Sales	51.36	50.58	49.47	34.19	17.73	15.21	22.15	25.78	31.17	40.85
Operating Expenses ⓘ	47.84	47.67	49.03	32.81	21.71	17.51	22.20	25.68	28.50	35.74
Manufacturing Costs	3.81	3.93	3.74	2.69	1.43	1.61	2.02	2.27	2.95	3.80
Material Costs	30.93	30.71	33.15	19.87	11.98	9.11	12.86	15.73	18.13	23.38
Employee Cost	3.63	3.79	3.74	3.53	2.36	2.76	2.55	2.57	2.53	2.53
Other Costs ⓘ	9.47	9.24	8.40	6.71	5.93	4.02	4.76	5.11	4.89	6.03
Operating Profit ⓘ	3.51	2.91	0.45	1.38	-3.98	-2.30	-0.05	0.10	2.67	5.11
Operating Profit Margin (%)	6.8%	5.8%	0.9%	4.0%	-22.4%	-15.1%	-0.2%	0.4%	8.6%	12.5%
Other Income ⓘ	0.38	0.25	0.78	0.33	0.25	0.04	0.01	0.29	0.12	0.13
Interest ⓘ	2.72	2.64	2.79	2.50	2.13	1.79	1.13	1.14	1.26	0.92
Depreciation ⓘ	0.43	0.40	0.41	0.39	0.37	0.24	0.23	0.22	0.16	0.15
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	2.12
Profit Before Tax ⓘ	0.74	0.12	-1.97	-1.18	-6.23	-4.28	-1.40	-0.96	1.36	6.30
Tax ⓘ	0.06	0	0	0	0	0	0	0.04	0.04	0.05
Profit After Tax	0.67	0.12	-1.98	-1.18	-6.23	-4.28	-1.40	-1	1.32	6.24
PAT Margin (%)	1.3%	0.2%	-4.0%	-3.4%	-35.1%	-28.1%	-6.3%	-3.9%	4.2%	15.3%
Adjusted EPS (₹)	4.5	0.8	-13.2	-7.9	-41.5	-28.5	-9.4	-6.7	8.8	41.6
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'99	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08
Equity and Liabilities
Shareholders Fund	8.82	8.85	5.48	4.13	-2.28	-6.63	-8.26	-9.32	-8.06	-1.81
Share Capital ⓘ	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50
Reserves ⓘ	7.32	7.35	3.98	2.63	-3.78	-8.13	-9.76	-10.82	-9.56	-3.31
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	13.75	13.59	14.17	16.94	17.17	19.61	20.43	21.10	22.04	20.80
Long Term Debt	13.75	13.59	14.17	16.94	17.17	19.61	20.43	21.10	22.04	20.80
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	7.27	8.42	7.07	5.64	3.15	3.81	5.70	7.27	7.80	9.79
Others Liabilities ⓘ	0.16	0.16	0.22	0.16	0.78	0.79	0.85	0.89	0.89	0.85
Total Liabilities ⓘ	30	31.02	26.94	26.87	18.82	17.58	18.72	19.93	22.67	29.63
Fixed Assets
Gross Block	13.32	13.60	12.04	12.07	11.77	10.82	10.83	10.76	10.75	10.82
Accumulated Depreciation	3.66	3.94	4.19	4.73	5.09	4.82	5.11	5.24	5.41	5.61
Net Fixed Assetsⓘ	9.66	9.65	7.85	7.33	6.68	6	5.73	5.52	5.34	5.20
CWIP ⓘ	0.29	0.30	0.29	0.29	0.31	0.29	0.10	0.10	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	9.33	9.95	7.81	8.35	6.65	5.58	5.65	5.11	5.90	7.45
Trade Receivables	7.84	8.60	8.45	7.34	2.44	3.14	5.01	6.06	7.92	12.03
Cash Equivalents	1.79	1.43	1.21	0.97	0.76	0.73	0.46	1.40	1.13	2.54
Others Assetsⓘ	1.08	1.09	1.32	2.58	1.98	1.83	1.76	1.73	2.37	2.41
Total Assets ⓘ	30	31.02	26.94	26.87	18.82	17.58	18.72	19.93	22.67	29.63

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'99	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08
Cash Flow From Operating Activity ⓘ	1.83	0.30	-1.37	-2.76	0.47	-0.59	-0.18	1.41	-0.16	1.28
PBT ⓘ	0.72	0.12	-1.97	-1.18	-6.23	-4.28	-1.37	-0.96	1.36	4.17
Adjustment ⓘ	2.57	2.46	2.01	2.79	3.63	2.55	1.63	1.78	1.61	0.84
Changes in Working Capital ⓘ	0.83	-0.21	0.76	-0.53	3.87	1.16	-0.41	0.72	-2.94	-3.64
Tax Paid ⓘ	-0.04	0	0	0	0	0	-0.03	0	-0.20	-0.09
Cash Flow From Investing Activity ⓘ	-0.55	-0.49	0.57	-0.05	0.23	0.39	0.17	-0.10	-0.04	-0.07
Capex	-0.55	-0.49	0.57	-0.08	0.23	0.38	-0.02	-0.10	-0.05	-0.07
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0.03	0	0.02	0.20	0	0.01	0
Cash Flow From Financing Activityⓘ	-1.13	-0.16	0.58	2.57	-0.91	0.17	-0.26	-0.37	-0.07	0.21
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-1.13	-0.16	0.58	2.57	-0.82	0	0	0	0.07	10.84
Interest Paid ⓘ	0	0	0	0	0	-0.28	-0.18	-0.11	-0.10	-0.67
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	-0.10	0.45	-0.08	-0.26	-0.05	-9.96
Net Cash Flow ⓘ	0.15	-0.36	-0.22	-0.24	-0.21	-0.03	-0.27	0.94	-0.28	1.42

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'99	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08
Ratios
ROE (%)	30.25	4.63	-116.45	0	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	20.91	16.96	5.22	8.92	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	1.69	1.66	1.71	1.42	0.87	0.95	1.39	1.52	1.67	1.79
PAT to CFO Conversion(x)	2.73	2.5	N/A	N/A	N/A	N/A	N/A	N/A	-0.12	0.21
Working Capital Days
Receivable Days	59	59	63	76	90	59	59	69	72	78
Inventory Days	66	70	66	77	137	130	81	67	57	52
Payable Days	64	73	69	103	126	139	135	150	152	137

Bombay Paints Ltd Stock News

Bombay Paints Ltd FAQs

What is the share price of Bombay Paints?

Company share prices are keep on changing according to the market conditions. The closing price of Bombay Paints on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Bombay Paints?

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 Bombay Paints stood at ₹60.85.

What is the P/E ratio of Bombay Paints?

The latest P/E ratio of Bombay Paints as of 01-Jan-1970 05:30 is 149.9.

What is the P/B ratio of Bombay Paints?

The latest P/B ratio of Bombay Paints as of 01-Jan-1970 05:30 is 17.49.

What is the 52-week high and low of Bombay Paints?

The 52-week high of Bombay Paints is ₹61.45 and the 52-week low is ₹60.05.

What is the TTM revenue of Bombay Paints?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bombay Paints is ₹39.55 ( Cr.) .

About Bombay Paints Ltd

Bombay Paints was established in 1948 as a Private Limited Company by Y.A. Ezzudin and D. Jamaluddin. It was later bought over by two technocrats, J. M. Chudasama and J. M. Nadkarni and converted into a Public Limited Company in 1960.

In April 1994, the management of the company once again changed hands by virtue of which the control was transferred to a larger business group, known as the Growel Group, specialising in surface treatment and corrosion protection.

Growel Group is a multi-dimensional business enterprise with interests in Manufacturing, Real Estate development, Financial services, Trading and IT. Bombay Paints Limited is a reputed manufacturer of Protective Coatings for Industrial, Marine and Architectural Use.

It is one of the main suppliers of coating systems to the original equipment and automobile manufacturers, and supplier of heavy duty coatings for refineries, petrochemical plants, fertilizer plants, nuclear power plants etc.

With the help of management expertise, coupled with high level of infrastructure and business synergies offered by the parent group, Bombay Paints has become stronger with a compelling presence in the paint industry.

The company caters to various Industrial projects and to the Original Equipment Manufacturers to various industries. These products are generally tailor-made to the requirement of the customers and vary in the level of technology from simple application to highly sophisticated painting systems.

The company manufactures a wide range of coatings based on alkyds, epoxys, polyurethanes, vinyls and acrylic resins, which help in reducing corrosion on metallic surfaces.

Product range of the company:

Bombay Paints Limited manufactures various types of Paints, Varnishes, Enamels, Putties and Sealing Compounds. The company also manufactures Urethanes, Isocyanate adducts, Polyster resins for various end uses, Vinyl resin in solution form and Polyameric Emulsions, Polyester Resins - Saturated and Unsaturated resins and additives.

Quick Drying Low Bake and Stoving Systems, for tractors, Farm Equipments, Harvesters, etc.
Quick Drying Paints, casting sealers and stoving paints for commercial vehicles.
Paint systems for two-wheelers.
Exterior wall coatings, based on Vinyl Polymers.
Zinc silicate primers, Epoxy Paints, Polyurethane Paints and other heavy duty coatings for chemical, Fertilizer and Petro-chemical plants.
Paint System for thermal power plants, Nuclear Power Plants.
Shop Primers for shipyards.

Other group companies