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BSE: 526981 | NSE: | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shri Bajrang Alliance Ltd is a below average quality company.
The key valuation ratios of Shri Bajrang Alliance Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shri Bajrang Alliance Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.9% | 3.5% | -0.3% | 3.9% | 4% | 5.6% | 3.1% | 5.5% | 5% | 7.1% | - |
| Value Creation Index ⓘ | -0.7 | -0.8 | -1.0 | -0.7 | -0.7 | -0.6 | -0.8 | -0.6 | -0.7 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 107 | 72.4 | 70.4 | 76.6 | 101 | 157 | 171 | 214 | 171 | 524 | 705 |
| Sales YoY Gr. | - | -32.5% | -2.8% | 8.9% | 31.2% | 56.1% | 9.1% | 24.8% | -20.1% | 206.8% | - |
| Adj EPS ⓘ | 1.4 | 0.7 | -1.8 | 1 | 1.3 | 1.6 | 0.9 | 2.3 | 3.2 | 6.1 | 2.9 |
| YoY Gr. | - | -49.6% | -357.1% | NA | 26% | 22.1% | -41.3% | 146.8% | 39.7% | 87.4% | - |
| BVPS (₹) ⓘ | 29.3 | 31.6 | 30.2 | 31.2 | 37 | 38.7 | 39.5 | 47.8 | 52.1 | 57.9 | 58.3 |
| Adj Net Profit ⓘ | 1.3 | 0.6 | -1.6 | 0.9 | 1.2 | 1.4 | 0.9 | 2.1 | 2.9 | 5.5 | 3 |
| Cash Flow from Ops. ⓘ | 4.1 | 6.3 | 2.2 | 5.4 | 12.6 | -8.5 | 7.4 | 1.8 | 24.4 | -2.8 | - |
| Debt/CF from Ops. ⓘ | 15.1 | 9 | 22.6 | 7.6 | 2.1 | -2.3 | 6.3 | 32.7 | 1.7 | -19.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 19.3% | 39.1% | 45.2% | 206.8% | ||||
| Adj EPS ⓘ | 17.8% | 35.9% | 86.2% | 87.4% | ||||
| BVPSⓘ | 7.9% | 9.4% | 13.6% | 11.2% | ||||
| Share Price | 33.5% | 74.4% | 19.2% | 79.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.9 | 2.3 | -5.8 | 3.4 | 3.6 | 3.8 | 2.2 | 4.9 | 6.1 | 10.4 | 5 |
| Op. Profit Mgn % ⓘ | 6.4 | 6.3 | 0.9 | 5.6 | 4.5 | 3.1 | 2 | 4.3 | 5.3 | 2.1 | 0.7 |
| Net Profit Mgn % ⓘ | 1.2 | 0.9 | -2.3 | 1.2 | 1.2 | 0.9 | 0.5 | 1 | 1.7 | 1 | 0.4 |
| Debt to Equity ⓘ | 2.3 | 2 | 1.8 | 1.5 | 0.8 | 0.6 | 1.3 | 1.4 | 0.9 | 1 | - |
| Working Cap Days ⓘ | 250 | 375 | 368 | 299 | 220 | 132 | 156 | 136 | 124 | 55 | 34 |
| Cash Conv. Cycle ⓘ | 153 | 186 | 177 | 166 | 127 | 91 | 76 | 68 | 91 | 43 | 3 |
Sales growth is growing at healthy rate in last 3 years 45.15%
Net Profit is growing at healthy rate in last 3 years 86.22%
Sales growth is good in last 4 quarters at 236.63%
Return on Equity has declined versus last 3 years average to 5.00%
Debt to equity has increased versus last 3 years average to 1.04
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.9 | 45.1 |
| TTM Sales (₹ Cr.) | 705 | 705 |
| BVPS (₹.) ⓘ | 58.3 | 304.1 |
| Reserves (₹ Cr.) ⓘ | 43 | 265 |
| P/BV ⓘ | 4.89 | 0.94 |
| PE ⓘ | 98.36 | 6.32 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 133.50 / 353.00 |
| All Time Low / High (₹) | 6.30 / 406.00 |
| Market Cap (₹ Cr.) | 257 |
| Equity (₹ Cr.) | 9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 50.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 107 | 72 | 70 | 77 | 101 | 157 | 171 | 214 | 171 | 524 |
| Operating Expenses ⓘ | 100 | 68 | 70 | 72 | 96 | 152 | 168 | 205 | 162 | 513 |
| Manufacturing Costs | 6 | 4 | 3 | 4 | 6 | 8 | 7 | 11 | 12 | 61 |
| Material Costs | 89 | 61 | 63 | 64 | 86 | 141 | 153 | 176 | 121 | 417 |
| Employee Cost | 1 | 1 | 1 | 1 | 2 | 2 | 4 | 8 | 11 | 12 |
| Other Costs ⓘ | 5 | 2 | 3 | 3 | 3 | 1 | 5 | 10 | 18 | 22 |
| Operating Profit ⓘ | 7 | 5 | 1 | 4 | 5 | 5 | 3 | 9 | 9 | 11 |
| Operating Profit Margin (%) | 6.3% | 6.3% | 0.9% | 5.6% | 4.5% | 3.1% | 1.9% | 4.2% | 5.3% | 2.1% |
| Other Income ⓘ | 0 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 1 |
| Interest ⓘ | 4 | 3 | 2 | 3 | 2 | 3 | 2 | 4 | 3 | 2 |
| Depreciation ⓘ | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 2 | 3 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Profit Before Tax ⓘ | 2 | 2 | -1 | 1 | 2 | 1 | 1 | 3 | 7 | 7 |
| Tax ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 1 |
| Profit After Tax | 1 | 2 | -1 | 1 | 1 | 1 | 1 | 2 | 4 | 6 |
| PAT Margin (%) | 1.1% | 2.6% | -1.8% | 1.2% | 1.2% | 0.9% | 0.5% | 1.0% | 2.2% | 1.1% |
| Adjusted EPS (₹) | 1.4 | 2.1 | -1.4 | 1.1 | 1.3 | 1.6 | 0.9 | 2.4 | 4.2 | 6.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 26 | 28 | 27 | 28 | 37 | 38 | 39 | 46 | 50 | 55 |
| Share Capital ⓘ | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves ⓘ | 17 | 19 | 18 | 19 | 28 | 29 | 30 | 37 | 41 | 46 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 60 | 55 | 46 | 38 | 25 | 20 | 47 | 54 | 38 | 50 |
| Long Term Debt | 25 | 23 | 22 | 19 | 5 | 0 | 6 | 20 | 17 | 6 |
| Short Term Debt | 35 | 32 | 24 | 19 | 20 | 20 | 40 | 34 | 21 | 45 |
| Trade Payables | 0 | 1 | 1 | 0 | 2 | 10 | 46 | 11 | 2 | 18 |
| Others Liabilities ⓘ | 4 | 5 | 5 | 6 | 9 | 2 | 5 | 7 | 12 | 49 |
| Total Liabilities ⓘ | 92 | 89 | 79 | 73 | 73 | 70 | 137 | 118 | 101 | 173 |
Fixed Assets | ||||||||||
| Gross Block | 19 | 19 | 19 | 19 | 8 | 9 | 9 | 45 | 47 | 47 |
| Accumulated Depreciation | 15 | 15 | 15 | 16 | 1 | 2 | 1 | 3 | 6 | 8 |
| Net Fixed Assetsⓘ | 4 | 4 | 4 | 4 | 7 | 8 | 8 | 42 | 42 | 38 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 29 | 0 | 0 | 0 |
| Investmentsⓘ | 2 | 4 | 3 | 3 | 7 | 7 | 7 | 8 | 11 | 24 |
| Inventories | 25 | 17 | 13 | 18 | 22 | 39 | 28 | 32 | 25 | 41 |
| Trade Receivables | 26 | 16 | 30 | 17 | 17 | 12 | 52 | 25 | 19 | 60 |
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others Assetsⓘ | 34 | 48 | 29 | 31 | 19 | 4 | 11 | 11 | 4 | 9 |
| Total Assets ⓘ | 92 | 89 | 79 | 73 | 73 | 70 | 137 | 118 | 101 | 173 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4 | 6 | 2 | 5 | 13 | -8 | 7 | 2 | 24 | -3 |
| PBT ⓘ | 2 | 2 | -1 | 1 | 2 | 1 | 1 | 3 | 7 | 7 |
| Adjustment ⓘ | 4 | 2 | 2 | 3 | 3 | 4 | 6 | 6 | 5 | 5 |
| Changes in Working Capital ⓘ | -2 | 2 | 2 | 1 | 9 | -13 | 0 | -7 | 14 | -14 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | 1 | 0 | -1 | 16 | -33 | -5 | -5 | -8 |
| Capex | 0 | 0 | 0 | 0 | -1 | -1 | -30 | -7 | -2 | 0 |
| Net Investments | 0 | -1 | 1 | 0 | 0 | 0 | 0 | 0 | -3 | -13 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 18 | -2 | 2 | 0 | 5 |
| Cash Flow From Financing Activityⓘ | -7 | -5 | -3 | -6 | -12 | -8 | 25 | 3 | -19 | 11 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -3 | -2 | -1 | -3 | -14 | -5 | 6 | 14 | -3 | -11 |
| Interest Paid ⓘ | -4 | -3 | -2 | -3 | -2 | -3 | -2 | -4 | -3 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 4 | 0 | 21 | -6 | -13 | 24 |
| Net Cash Flow ⓘ | -3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.71 | 6.94 | -4.54 | 3.45 | 3.83 | 4.22 | 2.34 | 5.54 | 8.42 | 11.13 |
| ROCE (%) | 6.98 | 6.67 | 0.9 | 5.44 | 5.84 | 7.37 | 4.51 | 8 | 10.15 | 9.62 |
| Asset Turnover Ratio | 1.33 | 0.89 | 0.9 | 1.1 | 1.41 | 2.2 | 1.66 | 1.68 | 1.55 | 3.83 |
| PAT to CFO Conversion(x) | 4 | 3 | N/A | 5 | 13 | -8 | 7 | 1 | 6 | -0.5 | Working Capital Days |
| Receivable Days | 84 | 94 | 111 | 101 | 60 | 35 | 69 | 66 | 46 | 27 |
| Inventory Days | 71 | 96 | 72 | 68 | 72 | 70 | 71 | 52 | 61 | 23 |
| Payable Days | 2 | 4 | 6 | 4 | 5 | 16 | 66 | 59 | 19 | 9 |
Shri Bajrang Alloys is being recognized as one of the largest structural rolling mills in the state of Madhya Pradesh spread over 33 acres of land. The products of the Bajrang Alloys are a model for other rolling mills in the country. Bajrang Alloys plays on important role in the national effort to build a strong and self-reliant industrial base.
Bajrang Alloys has been commissioned in adopting the most modern and advanced technology. It involves systematic application of latest machinery and techniques to develop high quality end-products. The board of directors of Bajrang Alloys are well qualified and has commendable experience with sound financial back ground and good market reputation.
Bajrang Alloys has employed technically qualified, well experienced and trained engineering professionals who are well-versed with the concepts of productivity and quality-control. Bajrang Alloys even imports in-house training to un-skilled personnel from time to time.
Product range of the company includes:
Clientele:
Their client list includes various corporate groups, high tension power transmission line industries, organizations engaged in the construction of nuclear power project, bridges, tunnels, etc. to name a few: -
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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