Is Bedmutha Industries a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bedmutha Industries Ltd is a below average quality company .

Is Bedmutha Industries undervalued or overvalued?

The key valuation ratios of Bedmutha Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Bedmutha Industries share price return in the past 10 years?

Bedmutha Industries Ltd share price has appreciated 35.6% annually (CAGR) over the past ten years.

Is Bedmutha Industries a good buy now?

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

Bedmutha Industries Ltd - Stock Valuation and Financial Performance

Name: Bedmutha Industries
Brand: Bedmutha Industries

BSE: 533270 | NSE: BEDMUTHA | Steel & Iron Products | Small Cap

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Bedmutha Industries Share Price

₹195 -5.00 -2.50%
as on 19-Apr'24 14:42

10 Year X-Ray of Bedmutha Industries:

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 ^P

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'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	4.8%	2.2%	-2.9%	1%	-8.8%	-5.7%	-7%	65.5%	8.4%	10%	-
Value Creation Index ⓘ	-0.7	-0.8	-1.2	-0.9	NA	NA	NA	3.7	-0.4	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	222	321	500	699	604	491	360	388	660	687	774
Sales YoY Gr.	-	44.9%	55.7%	39.6%	-13.6%	-18.8%	-26.7%	7.9%	70.1%	4%	-
Adj EPS ⓘ	1.3	-3.9	-19	-14.8	-33.7	-29	-29.3	60.7	2.6	3.7	5.5
YoY Gr.	-	-393.3%	NA	NA	NA	NA	NA	NA	-95.7%	40.2%	-
BVPS (₹) ⓘ	59.2	57.2	43.2	26.1	-7.3	-36.2	-65.2	24.3	27.2	31.1	35.3
Adj Net Profit ⓘ	2.8	-8.3	-39.9	-36.2	-82.7	-71.1	-71.9	196	8.5	11.9	18
Cash Flow from Ops. ⓘ	38.9	29.4	-10.9	29.6	7.7	22.7	77.3	58.3	70.8	72.3	-
Debt/CF from Ops. ⓘ	4.7	8.5	-30.6	13.4	62.6	22.4	6.5	5.3	3.9	3.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.4%	2.6%	24.1%	4%
Adj EPS ⓘ	12%	NA	NA	40.2%
BVPSⓘ	-6.9%	NA	NA	14.4%
Share Price	35.6%	57.6%	103.9%	239.1%

Key Financial Parameters ⓘ

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 % ⓘ	2.2	-6.6	-37.2	-46.1	-358.4	133.3	57.8	-481.4	10.2	12.7	16.4
Op. Profit Mgn % ⓘ	8.1	5.1	2.8	4.2	-4.7	-0.2	-0.4	-4.3	2.5	2.4	3
Net Profit Mgn % ⓘ	1.3	-2.6	-8	-5.2	-13.7	-14.5	-20	50.5	1.3	1.7	2.3
Debt to Equity ⓘ	1.5	2.1	3.7	6.2	-26.9	-5.7	-3.2	3.9	3.1	2.5	-
Working Cap Days ⓘ	241	193	158	138	169	201	248	206	139	153	73
Cash Conv. Cycle ⓘ	36	34	28	23	24	24	62	58	22	16	21

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.40%

Sales growth is growing at healthy rate in last 3 years 24.05%

Debt to equity has declined versus last 3 years average to 2.51

Sales growth is good in last 4 quarters at 15.76%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Bedmutha Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	5.5	5.7
TTM Sales (₹ Cr.)	774	774
BVPS (₹.) ⓘ	35.3	35.2
Reserves (₹ Cr.) ⓘ	82	81
P/BV ⓘ	5.67	5.68
PE ⓘ	36.72	34.90

From the Market
52 Week Low / High (₹)	46.70 / 323.00
All Time Low / High (₹)	6.80 / 323.00
Market Cap (₹ Cr.)	645
Equity (₹ Cr.)	32.3
Face Value (₹)	10
Industry PE ⓘ	26

Management X-Ray of Bedmutha Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

95.06

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

Valuation of Bedmutha Industries

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Bedmutha Industries

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'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	222	321	500	699	604	491	360	388	660	687
Operating Expenses ⓘ	206	306	486	669	632	492	361	405	644	670
Manufacturing Costs	21	25	45	72	88	146	54	48	62	67
Material Costs	173	263	412	565	510	319	282	315	557	573
Employee Cost	4	6	9	12	13	14	12	12	15	17
Other Costs ⓘ	8	11	20	20	21	13	13	30	10	13
Operating Profit ⓘ	16	16	14	29	-29	-1	-1	-17	16	17
Operating Profit Margin (%)	7.1%	5.0%	2.8%	4.2%	-4.7%	-0.2%	-0.4%	-4.5%	2.5%	2.4%
Other Income ⓘ	7	4	5	21	34	29	28	311	58	62
Interest ⓘ	15	23	41	58	60	65	64	62	32	34
Depreciation ⓘ	6	9	20	28	27	33	33	36	33	32
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	2	-12	-41	-36	-82	-71	-71	197	9	13
Tax ⓘ	1	-3	-1	0	0	0	0	1	0	0
Profit After Tax	1	-9	-40	-36	-82	-71	-71	196	9	13
PAT Margin (%)	0.6%	-2.7%	-8.0%	-5.2%	-13.6%	-14.4%	-19.8%	50.4%	1.4%	1.8%
Adjusted EPS (₹)	0.6	-4.1	-19.0	-14.7	-33.4	-28.9	-29.1	60.7	2.9	3.9
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'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	127	122	92	64	-18	-89	-160	78	88	100
Share Capital ⓘ	21	21	21	25	25	25	25	32	32	32
Reserves ⓘ	106	101	71	40	-42	-113	-184	46	55	68
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	169	249	324	377	448	471	461	267	237	221
Long Term Debt	122	189	226	252	248	230	217	208	172	156
Short Term Debt	47	60	97	125	201	241	244	59	65	65
Trade Payables	51	119	134	162	98	35	19	54	95	117
Others Liabilities ⓘ	77	61	60	64	86	160	161	68	72	62
Total Liabilities ⓘ	425	550	609	666	614	577	481	468	492	500
Fixed Assets
Gross Block	140	148	333	337	395	395	393	409	416	428
Accumulated Depreciation	37	48	68	96	122	155	185	220	253	284
Net Fixed Assetsⓘ	102	100	265	241	273	240	208	189	163	144
CWIP ⓘ	143	207	58	83	37	40	44	34	38	35
Investmentsⓘ	4	6	7	7	7	5	4	4	3	3
Inventories	49	91	95	100	34	32	41	40	64	74
Trade Receivables	49	67	103	122	74	49	50	62	60	70
Cash Equivalents	10	25	17	23	34	13	13	13	10	17
Others Assetsⓘ	67	52	65	90	155	198	121	127	152	158
Total Assets ⓘ	425	550	609	666	614	577	481	468	492	500

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	39	29	-11	30	8	23	77	58	71	72
PBT ⓘ	2	-12	-41	-36	-82	-71	-71	197	9	13
Adjustment ⓘ	16	29	58	83	83	98	97	-166	64	64
Changes in Working Capital ⓘ	22	12	-28	-18	6	-4	52	28	-2	-4
Tax Paid ⓘ	0	0	0	0	0	0	0	-1	0	0
Cash Flow From Investing Activity ⓘ	-87	-75	-36	-30	-11	-2	-3	-6	-11	-8
Capex	-87	-73	-35	-29	-13	-4	-4	-5	-12	-9
Net Investments	0	-2	-1	-1	1	2	1	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	47	61	39	6	14	-42	-74	-53	-62	-57
Net Proceeds from Shares ⓘ	0	0	1	0	0	0	0	43	0	0
Net Proceeds from Borrowing ⓘ	52	67	38	29	-5	-18	-14	142	-45	-26
Interest Paid ⓘ	-12	-19	-38	-54	-57	-65	-63	-53	-23	-22
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	8	13	37	31	76	40	3	-185	5	-8
Net Cash Flow ⓘ	-1	15	-8	6	11	-21	0	0	-3	7

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	1.06	-6.99	-37.8	-46.61	N/A	N/A	N/A	0	11.14	13.42
ROCE (%)	6.15	3.16	-0.14	4.93	N/A	N/A	N/A	70.78	11.16	13.06
Asset Turnover Ratio	0.64	0.72	0.94	1.18	0.97	0.82	0.68	0.82	1.38	1.38
PAT to CFO Conversion(x)	39	N/A	N/A	N/A	N/A	N/A	N/A	0.3	7.89	5.54
Working Capital Days
Receivable Days	79	60	57	54	58	46	50	53	34	35
Inventory Days	70	73	62	47	40	24	37	38	29	37
Payable Days	137	118	112	95	93	76	35	43	49	67

Bedmutha Industries Ltd Stock News

Bedmutha Industries Ltd FAQs

What is the share price of Bedmutha Industries?

Company share prices are keep on changing according to the market conditions. The closing price of Bedmutha Industries on 19-Apr-2024 14:42 is ₹195.0.

What is the market cap of Bedmutha Industries?

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 19-Apr-2024 14:42 the market cap of Bedmutha Industries stood at ₹645.3.

What is the P/E ratio of Bedmutha Industries?

The latest P/E ratio of Bedmutha Industries as of 19-Apr-2024 14:42 is 36.72.

What is the P/B ratio of Bedmutha Industries?

The latest P/B ratio of Bedmutha Industries as of 19-Apr-2024 14:42 is 5.67.

What is the 52-week high and low of Bedmutha Industries?

The 52-week high of Bedmutha Industries is ₹323.0 and the 52-week low is ₹46.70.

What is the TTM revenue of Bedmutha Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bedmutha Industries is ₹773.6 ( Cr.) .

About Bedmutha Industries Ltd

Bedmutha Industries was incorporated in the year August 23, 1990. Earlier, the name of the company was Bedmutha Wire Company that was later changed to its present name and a fresh Certificate of Incorporation was obtained from Registrar of Companies, Maharashtra on November 18, 2009. Kachardas R. Bedmutha is the founder of the company.

The company started its commercial production in the year 1992 by setting up its first galvanized wire plant at Nashik with an installed capacity of 3600 MTPA. Over the years, the company enhanced its capacity from 3600 MTPA to 25300 MTPA by setting up three more galvanizing lines at the existing location. The company operates in four manufacturing units in and around Nashik, which are strategically located in proximity to the source of raw materials and markets.

Range of products:

The company offers a wide range of wire and wire products that are approved by the Bureau of Indian Standards, Power Grid Corporation and state electricity boards. Two of the plants -- galvanized wires and manufacturing binding wire, PC wire and spring steel wire -- are certified under ISO 9001 from Bureau Veritas Certification (India) Private Limited.

Following are its products:

Galvanized wires, cable armour wires, ACSR wires , wire nails, earth wires, stay wires, spring steel wires, barbed wires, etc. The products are used in various areas such as roads, bridges, flyovers, power, automobile, engineering, agriculture, railways and defence.

Subsidiaries:

Kamalasha Infrastructure & Engineering Private Limited (KIEPL) is the subsidiary company, which is been promoted for implementation of turnkey contracts for infrastructure namely in power, roads, railways, etc. KIEPL has been awarded a sub-contract of Rs 60 crore in the Dharangaon Division by Maharashtra State Electricity Distribution Company Limited (MSEDCL). This subsidiary offers a direct synergy in terms of consuming GI wire, stay wire from its wire unit and also offers an indirect synergy by consuming PSC poles, cables, conductors which consumes wire produced by the company.

The company has also invested 49% in Ashoka Pre-con Private Limited (APPL) in the year 2008 along with Ashoka Buildcon Limited, to manufacture pre stress concrete products such as cement poles, RCC pipes, cement, piles, railway sleepers, etc. APPL has commenced commercial production and has begun supplying electrical cement poles for the infra projects launched by MSEDCL. This investment offers a direct synergy in terms ofconsuming GI Wire, MS Wire and PC Wire from its wire unit.

Milestone Achieved:

1990 - Year of Incorporation
1992 - Commenced commercial production of its first galvanized plant with installed capacity of 3600 MTPA
1994 - De-bottling of existing plant, thereby increasing the capacity from 3600 MPTA to 6100 MTPA
1994 - Approved Vendor of Maharashtra State Electricity Board
1996 - Approved Vendor of Gujarat Electricity Board and Karnataka Electricity Board
1997 - Expansion by adding second galvanized plant of 5400 MTPA and total capacity of 11,500 MPTA
1998 - Backward integration by acquiring the wire drawing capacity from Kamal Wire with a capacity of 16,800 MTPA in Sinnar, Nashik.
1999 - Approved Vendor of Rajastan Electricity Board
2000 - Test Engineers and Associates was taken over by Bedmutha Industries Limited
2001 - Acquired Deemed Export Order from Rajasthan State Electricity Board (RSEB) under World Bank Tender.
2003 - Third galvanizing plant was installed adding 5300 MTPA
2004 - ISO 9001:2000 certifications obtained
2005 - Wire drawing capacity was enhanced from 16,800 MPTA to 18,000 MTPA
2006 - Approved Vendor of Power Grid Corporation
2007 - Fourth galvanizing plant was installed taking total galvanizing capacity from 16,800 MTPA to 25,300 MTPA
2008 - Expansion of wire & wire products capacity from 18,000 MTPA to 42,100 MTPA and installation of wire nails capacity of 1800 MTPA and stranding capacity of 2400 MTPA
2008 - Order of Amalgamation passed by the Bombay High Court of Ajay Wire Products Private Ltd., Kamdhenu Wire Private Ltd. and Shriram Wire Private Ltd with Bedmutha Industries Limited u/s.391-394 of Companies Act, 1956 in August 2008. Set up wind mill in Karnataka with power generation capacity of 225 KW. Spin-off of K.R. Bedmutha Techno & Associates consultancy division into a separate entity. Wire drawing capacity enhanced from 42,100 to 60,000 MTPA and PC wire line with a capacity of 10,800 MTPA
2009 - Name changed to Bedmutha Industries Ltd
2009 - Acquired 51% stake in Kamlasha infrastructure and Engineering Pvt. Ltd for implementation of turnkey contract of electrification.

Future Plans:

The company is also pursuing initiatives for setting up galvanizing plant with latest technology with capacity of 48000 TPA and manufacturing of aluminum rods and conductors with capacity of about 42000 TPA.