Birla Corporation Ltd - Stock Valuation and Financial Performance

BSE: 500335 | NSE: BIRLACORPN | Diversified | Small Cap

Birla Corporation Share Price

1,596 -5.35 -0.33%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Birla Corporation

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Birla Corporation stock performance -

mw4me loader
P/E Ratio (CD):
29.35
Market Cap:
12,343.2 Cr.
52-wk low:
1,061.3
52-wk high:
1,801.3

Is Birla Corporation Ltd an attractive stock to invest in?

1. Is Birla Corporation Ltd a good quality company?

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

2. Is Birla Corporation Ltd undervalued or overvalued?

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

3. Is Birla Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Birla Corporation Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Birla Corporation:

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.
Birla Corporation 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 % 4.8%4.8%4.4%6.3%5.3%5.9%8.6%9.3%5.8%2.6%-
Value Creation
Index
-0.7-0.7-0.7-0.5-0.6-0.6-0.4-0.3-0.6-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,0163,2103,2684,3485,7306,5496,9166,7857,4618,6829,663
Sales YoY Gr.-6.4%1.8%33%31.8%14.3%5.6%-1.9%10%16.4%-
Adj EPS 15.817.315.922.720.13162.785.852.23.654.6
YoY Gr.-9.1%-8.2%42.9%-11.5%54.6%102.2%36.8%-39.2%-93.1%-
BVPS (₹) 327.5340.2379.9426.8449.2477.1517.3605.4662.7657866.7
Adj Net
Profit
12213312217515423948366140227.6421
Cash Flow from Ops. 3592822496778051,0641,3411,3281,039805-
Debt/CF from Ops. 3.94.65.26.35.13.83.23.14.15.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.5%8.7%7.9%16.4%
Adj EPS -15.2%-29.2%-61.5%-93.1%
BVPS8%7.9%8.3%-0.9%
Share Price 15.6% 19.7% 6.8% 31.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.95.24.45.64.15.410.412.870.57.2
Op. Profit
Mgn %
9.19.59.114.814.414.819.52014.9914.9
Net Profit
Mgn %
44.13.742.73.779.75.40.34.4
Debt to
Equity
0.60.50.41.31.21.11.10.90.80.90.5
Working Cap
Days
10810910910010811010912211610453
Cash Conv.
Cycle
464144271614151612118

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.20%

Debt to equity has declined versus last 3 years average to 0.86

Sales growth is good in last 4 quarters at 11.54%

Sales growth has been subdued in last 3 years 7.88%

Net Profit has been subdued in last 3 years -61.50%

Latest Financials - Birla Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 25.7 54.6
TTM Sales (₹ Cr.) 5,697 9,663
BVPS (₹.) 727.4 866.7
Reserves (₹ Cr.) 5,525 6,597
P/BV 2.20 1.85
PE 62.30 29.35
From the Market
52 Week Low / High (₹) 1061.30 / 1801.25
All Time Low / High (₹) 10.95 / 1801.25
Market Cap (₹ Cr.) 12,343
Equity (₹ Cr.) 77
Face Value (₹) 10
Industry PE 98.6

Management X-Ray of Birla Corporation:

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 Birla Corporation

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
Sales3,0163,2103,2684,3485,7306,5496,9166,7857,4618,682
Operating Expenses 2,7602,9112,9823,7254,9225,6005,5805,4486,3547,910
Manufacturing Costs1,3101,4781,3541,7122,2312,5872,5152,3732,9684,037
Material Costs5314726066778209429199871,0541,094
Employee Cost 222225244306357371408398448521
Other Costs 6977357781,0301,5131,7001,7381,6901,8842,258
Operating Profit 2572992866238089491,3361,3381,108772
Operating Profit Margin (%) 8.5%9.3%8.8%14.3%14.1%14.5%19.3%19.7%14.8%8.9%
Other Income 125158177147747885100101113
Interest 867882277378371388296243339
Depreciation 133154149256332339352371397510
Exceptional Items -11-13-31-7-1200-58-317
Profit Before Tax 15221320123016031768271353843
Tax 23373311662176821393
Profit After Tax 13017516821915425650563039941
PAT Margin (%) 4.3%5.5%5.1%5.0%2.7%3.9%7.3%9.3%5.3%0.5%
Adjusted EPS (₹)16.922.821.828.520.033.265.681.851.85.3
Dividend Payout Ratio (%)36%26%28%23%33%23%11%12%19%48%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 2,5292,6272,9253,2864,2804,4954,8065,4866,0495,981
Share Capital 77777777777777777777
Reserves 2,4522,5502,8483,2094,2034,4184,7295,4095,9725,904
Minority Interest0000000000
Debt1,0791,2439324,0703,8953,6483,7533,6354,0033,859
Long Term Debt9161,1027904,0493,8303,6233,6693,6043,7913,838
Short Term Debt163141143216525843021221
Trade Payables155159163368511627523589762920
Others Liabilities 1,1199661,2091,9732,3882,5613,0943,1863,0393,313
Total Liabilities 4,8824,9955,2299,69811,07511,33212,17512,89613,85314,072

Fixed Assets

Gross Block2,9483,1622,1826,7678,1058,3388,7419,1099,75512,519
Accumulated Depreciation1,0781,2341494047361,0741,4161,7852,1782,678
Net Fixed Assets1,8701,9282,0346,3637,3697,2647,3257,3237,5769,842
CWIP 142123638057629141,6042,1052,551358
Investments 1,3251,3091,6905646728778367521,009867
Inventories5165535676306877837888108201,062
Trade Receivables758894133191262250280303323
Cash Equivalents 50246836331222013999177138218
Others Assets4535274178901,1731,0931,2731,4481,4551,402
Total Assets 4,8824,9955,2299,69811,07511,33212,17512,89613,85314,072

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3592822496778051,0641,3411,3281,039805
PBT 15221320123016031768271353843
Adjustment 12312466391652663681720563785
Changes in Working Capital 124-9161074813121-20-028
Tax Paid -40-46-34-51-55-47-42-84-61-51
Cash Flow From Investing Activity -341-11-11-982-234-543-1,184-582-775-365
Capex -161-214-164-204-275-403-986-803-776-626
Net Investments -2593-571,312-54-152-45244-127159
Others -155110210-2,0899512-153-23128102
Cash Flow From Financing Activity -10-265-202280-555-535-201-702-270-318
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 238-104-63769-177-94132-171-40308
Interest Paid -93-85-85-274-356-345-387-349-318-339
Dividend Paid -35-46-46-46-50-500-116-77-77
Others -120-30-8-16828-4654-66164-209
Net Cash Flow 8636-2415-14-4445-6122
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.236.826.057.074.567.1713.1914.588.160.8
ROCE (%)6.277.426.978.637.18.9913.3711.898.664.08
Asset Turnover Ratio0.740.750.740.670.60.620.630.580.60.67
PAT to CFO Conversion(x)2.761.611.483.095.234.162.662.112.619.63
Working Capital Days
Receivable Days889891213131312
Inventory Days57535444383839403737
Payable Days9712197143196221228206234281

Birla Corporation Ltd Stock News

Birla Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Birla Corporation on 12-Jul-2024 16:01 is ₹1,596.
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 12-Jul-2024 16:01 the market cap of Birla Corporation stood at ₹12,343.2.
The latest P/E ratio of Birla Corporation as of 12-Jul-2024 16:01 is 62.30.
The latest P/B ratio of Birla Corporation as of 12-Jul-2024 16:01 is 2.20.
The 52-week high of Birla Corporation is ₹1,801.3 and the 52-week low is ₹1,061.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Birla Corporation is ₹5,697 ( Cr.) .

About Birla Corporation Ltd

Birla Corporation Limited is the flagship Company of the M.P. Birla Group. Incorporated as Birla Jute Manufacturing Company Limited in 1919, it was Late Mr. Madhav Prasad Birla who gave shape to it. As Chairman of the Company, he transformed it from a manufacturer of jute goods to a leading multi-product corporation with widespread activities. Under the Chairmanship of Mrs. Priyamvada Birla, the Company crossed the Rs. 1,300 - crore turnover mark and the name was changed to Birla Corporation Limited in 1998.

After the demise of Mrs. Priyamvada Birla, the Company continued to consolidate in terms of profitability, competitiveness and growth under the leadership of Mr. Rajendra S. Lodha, late Chairman of the M.P. Birla Group. Under his leadership, the Company posted its best ever results in the years ended 31.3.2006, 31.3.2007 and 31.3.2008. The Company continued to record impressive growth in 2008-09 and 2009-10.

Business area of the company

The company is primarily engaged in the manufacturing of cement as its core business activity. It has significant presence in the jute goods industry as well.

Awards and recognition

2016-17

  • Company’s Cement Unit: Chanderia Cement Works has received “Certificate of Excellence” in maintaining harmonious employer and employee relation, effective productivity levels and Corporate Social Responsibility by the Employers’ Association of Rajasthan, Jaipur.

2017-18

  • The Chanderia Unit has been awarded the Certificate of Appreciation by the Department of Women & Child Development, Govt. of Rajasthan, Chanderia for its significant contribution in the field of “BAL VIKAS PROJECTS” (Rural).
  • The Durgapur Unit of the Company has received “QCFI Best Private Sector Organization” award during the year and also received “Excellence” award “5-S” team at the Galaxy 31st National Convention on Quality Concept organised by QCFI.
  • Birla Jute Mills, Birlapur has got recognition for sincere efforts & superior performance of vendors of jute bags for coffee packing from Tata Coffee Limited.

2018-19

  • The Satna Unit has won CSR Platinum Award.
  • The Durgapur Unit has received Excellence award from National Convention on Quality Concepts, Gwalior.
  • Chanderia Unit has received Award from Quality Circle Forum of India, Hyderabad, for various initiatives undertaken by the Unit in the areas of environment.
  • Chanderia Unit has received Award in the field of Environment Excellent and Best Practices in Cement Sector by Apex India Foundation, New Delhi.

2019-20

  • Satna Unit of the Company won CSR Platinum Award 2019.
  • Durgapur Unit received one Gold award and two Silver awards at Quality Circle, Durgapur Chapter Convention.
  • Chanderia Unit received 2nd Award For fly ash utilization during “fly ash utilization conference 2020” by Mission Energy Foundation in February, 2020.
    Chanderia Unit received Rajasthan Energy Conservation Award - 2019 under cement category for excellent efforts in energy conservation by Government Energy Department, Jaipur in December, 2019.
  • Chanderia Unit received Power Plant Performance Award under category LIFE TIME ACHIEVEMENT AWARD for prolong continuous efforts in NTPP and WHRS presented by M/s. Mission Energy at Delhi on 28th June, 2019.
  • Chanderia Unit received BHAMASHAH Award - 2019 for effective contribution in the field of education under CSR Presented by District Administration, Chittorgarh.
  • Chanderia Unit received Birla Cement Works, Chanderia has received the award with “Shiksha Shree” for the support provided to Govt. Education under CSR.

History and milestones

  • 1919: Foundation of Birla Jute Mills, Birlapur, the only Indian-owned jute mill to have completed 100 years.
  • 1957: Foundation of Satna Cement Works. Birthplace of Samrat Cement.
  • 1967: Foundation of Birla Cement Works. Chanderia Cement Works joined ranks soon after.
  • 1974: Foundation of Durgapur Cement Works. Durga Hi-Tech followed.
  • 1998: Foundation of Raebareli Cement Works followed by Raebareli Hi-Tech Cement Works.
  • 2016: Acquisition of RCCPL in Maihar, Kundanganj & Butibori, taking footprints of BCL across 12 states, with a capacity of 15.5 MTPA.
  • 2016: Launch of MP Birla Cement brand identity, and new MP Birla Group logo.
  • 2018: Celebrating 100 years of Syt. Madhav Prasadji Birla.
  • 2019: Completion of 100 years with pathbreaking performance.
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