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Bhoruka Aluminium Ltd. Stock Analysis

Small Cap
Evaluated by 108 users | BSE: 506027 | NSE: |
Aluminium & Aluminium Products
Bhoruka Aluminium was established in 1979, and is now an ISO 9002 company with a wide range of products catering to the needs of customers worldwide. Foreseeing the vital role that aluminium would play in the future, the company invested in technology and quality assurance, working towards a...

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'10Mar'11Sep'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 10.61%6.93%-19.44%-6.79%35.9%4.27%-1.49%-1.45%-2.31%-4.52%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 12714996.947.36.90.10000
Y-o-Y Gr. Rt.-17.8%-35%-51.2%-85.4%-99%-100%NANANA
Adjusted EPS (Rs.) 0.20.22-4.56-3.175.690.47-0.16-0.15-0.17-0.15
Y-o-Y Gr. Rt.-10%-2172.7%NANA-91.7%-134%NANANA
Book Value per Share (Rs.) 10.4815.63.246.568.978.918.778.622.312.15
Adjusted Net Profit 0.31.2-25.1-17.431.32.6-0.9-0.8-0.9-0.8
Net Op. Cash Flow (Rs. Cr.) 8.813.3-13.82.2-24.8-1.6-2.31.3-38.30.3
Debt to Cash Flow from Ops 7.674.3-4.7688.42-0.5-7.06-4.218.05-0.0912.28
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.
Bhoruka Aluminium Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -100%-100%NANA
Adjusted EPS -196.9%-148.3%NANA
Book Value per Share -16.1-24.9-37.4-6.9
Share Price -27.7% -10.9% -22% -45.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Sep'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 2.672.34-67.76-38.9192.945.3-1.81-1.75-3.14-6.81
Operating Profit Margin (%) 10.869.33-4.69-30-74.43-1039.490000
Net Profit Margin (%) 0.230.78-25.86-36.82452.133718.520000
Debt to Equity 4.260.73.75.470.250.230.20.220.280.3
Working Capital Days 1591681628362,0531,37,3710000
Cash Conversion Cycle 28116110-28-1,7940000
Entity Percentage Holding
Promoters 33.77%
Non-Institutions 66.23%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Bhoruka Aluminium's performance infers:

Bhoruka Aluminium earnings have declined by -148.3%, whereas share price has depreciated -10.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Bhoruka Aluminium share prices over the last 10 years. Here is what we found out:

Bhoruka Aluminium share price has depreciated -35.1% annually over the past ten years.

Bhoruka Aluminium was established in 1979, and is now an ISO 9002 company with a wide range of products catering to the needs of customers worldwide. Foreseeing the vital role that aluminium would play in the future, the company invested in technology and quality assurance, working towards a position of undisputed leadership in Aluminium Extrusion. The company’s products are used in diverse segments ranging from constructions to consumer durables transport to textiles, and irrigation

Bhoruka Aluminium was established in 1979, and is now an ISO 9002 company with a wide range of products catering to the needs of customers worldwide. Foreseeing the vital role that aluminium would play in the future, the company invested in technology and quality assurance, working towards a position of undisputed leadership in Aluminium Extrusion. The company’s products are used in diverse segments ranging from constructions to consumer durables transport to textiles, and irrigation to electrification. The company has kept abreast of technological advances being made in all application segments as well as the changing nature of consumer needs. This has enabled it to offer quality products meeting exact customer requirements at a competitive price.

The founders of Bhoruka began with a dream to provide clients quality products at an affordable price, a dream that has now come true. Bhoruka Aluminium products' consist of solid aluminium sections up to 254mm CCD and hollow aluminium sections up to 230mm CCD. Dimensional tolerances match Indian standards, British standards and AA standards. Special tolerances are as per specifications agreed upon.

Bhoruka Aluminium is a major producer of structural extrusions for doors, windows, vents, shop fronts, louvres, rolling shutters, ladders, curtain walls, glazing, partitions, etc. The company excels in the manufacture of special extrusions for applications in water purifiers, small electric motors, computers, electronics equipment, modular racks, exibition stalls, moulded luggage, conservatories, sprinkler irrigation systems, etc.

Bhoruka has a wide range of sections, which are used in the transportation sector. Some of  the product range includes sections for bus body & truck body. Bhoruka also manufactures sections for carriers, foot steps & other light SUV requirements.

Bhoruka is now undisputedly the single largest supplier to the construction industry in India, because it believes in the vital role the building industry must play necessarily in the economy of this fast developing nation.

Bhoruka is one of the largest supplier of various aluminium sections to interiors. The aluminium sections supplied by it are mainly used for partition, modular furniture, tailing, automatic doors, fixed interiors, doors, picture frames, Venetian blinds, it also specialize in manufacturing tailor made requirements for home and office furniture. In the future the compnay will also be coming up with its own aluminium doors & windows to meet every need.

Apart from the above, the company has developed special sections for use in micro light aircraft, heat sink for cryogenic engines and many others depending upon the customers requirements.

Group Companies:

Bhoruka Fabcons Bhoruka Fabcons, part of the Bhoruka group of companies, is located at Hebbal industrial area Mysore and is in close proximity to Bhoruka Aluminium. The focus of Bhoruka Fabcons is to add value to the group's products and services, which will directly create value for our customers via service, quality and price.

Maverick Infotec

Maverick Infotec began operations in 2008 as a leading ERP consulting service firm. With an impressive track record of 5 years in the realm of ERP consulting service industry, it offers high quality consulting in ERP products especially in SAP.

Bhoruka Agro Greens Limited

It is one of the leading floriculture company carrying on the business in the name “Bhoruka Agro Greens Limited” for Cultivation of Anthurium Cut Flowers. Bhoruka Agro Greens Limited, a Public Limited Company has set up a modern Hi-tech Anthurium Cut Flower Floriculture Project at Madikeri Taluk, Coorg District, Karnataka, India. The project is assisted by National Horticultural Board, Government of India.

Awards and recognition

  • Best SAP Project in Metal Sector Implementation
  • Outstanding Export Performance Award
  • National Safety Award
  • International Quality Crown Award -London
  • Engineering Export Promotion Council Award  

Future Plans

As an ever growing and developing company, Bhoruka Aluminium has some projects in mind to trigger further growth and consolidation of the company in the future. The company has the following plans:

  • To install a power plant for captive consumption in the near future
  • Install its second state-of-the-art anodising line in the year 2009-2010
  •  Install a wood-finish powder coating line in the year 2009-2010
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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