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Bombay Paints Ltd Stock Analysis

Small Cap
Evaluated by 7 users | BSE: 509475 | NSE: |
Paints
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...

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'99Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08
Return on Capital Employed 10.94%8.77%-2.02%2.82%-26.93%-21.73%-4.83%-3.13%17.37%32.57%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 51.450.649.534.217.715.222.225.831.240.9
Y-o-Y Gr. Rt.--1.5%-2.2%-30.9%-48.1%-14.2%45.6%16.4%20.9%31.1%
Adjusted EPS (Rs.) 4.020.83-15.84-7.85-42.23-28.54-9.33-7.819.0231.52
Y-o-Y Gr. Rt.--79.4%-2008.4%NANANANANANA249.5%
Book Value per Share (Rs.) 17.117.914.73-14.38-53.52-80.7-88.53-92.59-81.76-39.4
Adjusted Net Profit 0.60.1-2.4-1.2-6.3-4.3-1.4-1.21.44.7
Net Op. Cash Flow (Rs. Cr.) 1.80.3-1.4-2.80.5-0.6-0.21.4-0.21.3
Debt to Cash Flow from Ops 7.545.45-10.33-6.1436.84-33.31-114.6614.99-138.4216.29
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.
Bombay Paints Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -2.5%18.2%22.6%31.1%
Adjusted EPS 25.7%NANA249.5%
Book Value per Share -209.7000
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'99Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08
Return on Equity (%) 6.991.42-33.15-24.47-684.2796.0918.8113.32-15.57-95.81
Operating Profit Margin (%) 6.845.760.94.04-22.34-15.1-0.230.58.8812.51
Net Profit Margin (%) 1.170.25-4.8-3.44-35.73-28.15-6.32-4.544.3411.57
Debt to Equity 5.365.0619.97-7.85-2.14-1.62-1.54-1.52-1.8-3.52
Working Capital Days 132137137163241203153150147148
Cash Conversion Cycle 7775739014011458373036
Entity Percentage Holding
Promoters 92.22%
Institutions 0.01%
Non-Institutions 7.77%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

Data is not available for this company

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

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

  • Grauer & Weil India Ltd. 
  • Growel’s 101  
  • Growel Project Ltd.  
  • Growel Goema (India) Pvt. Ltd. 
  • Growel Sidasa Industries Pvt. Ltd. 
  • Growel Softech Ltd. 
  • Digikore Studios Ltd. 
  • Growel Investment Pvt. Ltd.

Achievements/ recognition:

An ISO 14001:2004 Certified Company

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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