Bongaigaon Refinery & Petrochemicals Ltd - Stock Valuation and Financial Performance

BSE: 500072 | NSE: BONGAIREFN | Refineries | Small Cap

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Bongaigaon Refinery & Petrochemicals stock performance -

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P/E Ratio (SA):
0.00
Market Cap:
913.2 Cr.
52-wk low:
45
52-wk high:
46.3

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1. Is a good quality company?

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10 Year X-Ray of Bongaigaon Refinery:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'99Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08TTM
ROCE % 6.2%5.9%-7.4%-31.9%38.2%52.3%66.8%20.6%18.4%21.9%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8291,0891,0941,1661,7232,9364,5495,6395,7886,0307,315
Sales YoY Gr.-31.3%0.5%6.6%47.7%70.4%55%23.9%2.7%4.2%-
Adj EPS 1.61.6-2.9-9.98.915.5248.68.913.6-9.2
YoY Gr.--1.8%-278.3%NANA73.2%55.2%-64.1%3.4%52.3%-
BVPS (₹) 29.930.927.815.12127.537.943.648.857.746.9
Adj Net
Profit
32.932.2-57.4-199178309480172178271-184
Cash Flow from Ops. 7146.611.982.984.6138345107174159-
Debt/CF from Ops. 0.91.17.11.52.10.50.20.80.61.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 24.7%28.5%9.9%4.2%
Adj EPS 26.5%8.7%-17.3%52.3%
BVPS7.6%22.4%15%18.2%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'99Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08TTM
Return on
Equity %
5.65.3-9.8-45.94963.473.221.119.325.5-17.6
Op. Profit
Mgn %
4.64.2-4.4-22.78.616.115.155.86.7-2.6
Net Profit
Mgn %
43-5.3-1710.410.510.63.13.14.5-2.5
Debt to
Equity
0.10.10.20.40.40.10.10.10.10.3-
Working Cap
Days
13697105101103868084881000
Cash Conv.
Cycle
403443596234242929390

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Bongaigaon Refinery & Petrochemicals Ltd.

Standalone Consolidated
TTM EPS (₹) -9.2 -
TTM Sales (₹ Cr.) 7,315 -
BVPS (₹.) 46.9 -
Reserves (₹ Cr.) 738 -
P/BV 0.97 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 45.00 / 46.25
All Time Low / High (₹) 3.15 / 116.80
Market Cap (₹ Cr.) 913
Equity (₹ Cr.) 199.8
Face Value (₹) 10
Industry PE 17.9

Management X-Ray of Bongaigaon Refinery:

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 (%)

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Analyst's Notes

Key Ratios of Bongaigaon Refinery

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'99Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08
Sales829.151,088.901,094.091,166.461,722.662,936.164,549.485,638.665,788.446,029.82
Operating Expenses 791.321,043.781,142.621,431.131,574.802,472.553,863.775,359.515,452.625,623.23
Manufacturing Costs27.5033.0634.4129.4736.4280173.28241.44353.21306.02
Material Costs628.84883.11965.461,084.411,350.812,178.333,421.304,827.344,925.205,134.95
Employee Cost 47.7662.8176.2174.7481.5299.53103.98110.96140.98142.75
Other Costs 87.2264.8066.55242.50106.05114.70165.21179.7833.2339.52
Operating Profit 37.8345.12-48.52-264.67147.86463.60685.72279.15335.83406.60
Operating Profit Margin (%) 4.6%4.1%-4.4%-22.7%8.6%15.8%15.1%5.0%5.8%6.7%
Other Income 31.6622.2831.8926.74217.1822.3727.5137.0745.0384.75
Interest 10.049.8112.1538.1326.6915.994.1915.1513.1410.45
Depreciation 25.1925.9628.6633.1930.6430.1131.8633.8091.0630.51
Exceptional Items 00000000-1.16-1.76
Profit Before Tax 34.2631.63-57.44-309.26307.71439.87677.18267.27275.50448.62
Tax 0-0.610-110.65129.26136.13198.8892.5190.52154.32
Profit After Tax 34.2632.24-57.44-198.61178.45303.75478.30174.76184.98294.30
PAT Margin (%) 4.1%3.0%-5.3%-17.0%10.4%10.3%10.5%3.1%3.2%4.9%
Adjusted EPS (₹)1.71.6-2.9-9.98.915.223.98.89.314.7
Dividend Payout Ratio (%)30%30%0%0%30%51%50%31%38%34%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'99Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08

Equity and Liabilities

Shareholders Fund 597.39617.83560.39305.18422.76552.94758.40871.64974.791,152.21
Share Capital 199.82199.82199.82199.82199.82199.82199.82199.82199.82199.82
Reserves 397.57418.02360.57105.36222.94353.12558.58671.82774.98952.39
Minority Interest0000000000
Debt61.7552.4285.14126.74177.7570.8262.4687.29104.67308.15
Long Term Debt61.7552.4285.14126.74177.7570.8262.4687.29104.67308.15
Short Term Debt0000000000
Trade Payables79.15111.48146.7311.688.70263.21330.36397381.97514.61
Others Liabilities 95.5970.6573.62444.42704.06417.99752.22679.34677.97903.40
Total Liabilities 833.89852.39865.89888.021,313.271,304.951,903.442,035.272,139.412,878.38

Fixed Assets

Gross Block740.50742.50786.71832.40884.50927.58940.66962.611,014.571,033.43
Accumulated Depreciation375.54401.58430.06463.91495.62525.99558.10590.58626.81646.78
Net Fixed Assets364.96340.92356.65368.49388.88401.59382.56372.03387.76386.65
CWIP 95.67118.67109.3590.9046.2912.2937.3461.39145.39415.10
Investments 14.2620.226.9863.5665.1966.1666.8378.4978.5777.02
Inventories167.23242.29295.05235.74257.91471.26724.37720.90715.371,114.81
Trade Receivables24.4330.7112.4536.41126.3490.14174.29247.66229.80387.25
Cash Equivalents 12.7732.023.840.68110.212.7953.403.171.162.23
Others Assets154.5867.5481.5692.23318.44260.72464.66551.62581.36495.31
Total Assets 833.89852.39865.89888.021,313.271,304.951,903.442,035.272,139.412,878.38

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'99Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08
Cash Flow From Operating Activity 7146.5511.9282.8584.62137.85345.23107.39174.01158.94
PBT 34.2631.63-57.44-309.26307.71439.87677.18267.27275.50448.62
Adjustment 34.6635.3440.3571.4153.1041.3433.2520.8086.6112.95
Changes in Working Capital 16.14-17.9731.69325.42-263.12-230.27-155.73-102.29-69.94-138.8
Tax Paid -4.67-2.45-2.68-4.72-13.07-113.09-209.47-78.39-118.16-163.83
Cash Flow From Investing Activity -40.36-26.15-27.59-86.45-0.21-1.46-34.12-45.74-131.88-279.54
Capex -40.36-26.15-41.79-31.07-4.11-5.86-38.12-46.01-136.45-288.56
Net Investments 0014.20-56.59-1.63-0.97-0.67-11.66-0.081.55
Others 0001.215.535.374.6711.934.657.47
Cash Flow From Financing Activity -21.21-28.7011.573.9125.12-243.81-260.50-111.88-44.14121.67
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000-106.93-8.3624.8317.38203.49
Interest Paid 0-9.09-11.48-37.69-25.89-15.15-3.63000
Dividend Paid -20.40-10.28-9.6700-121.73-248.51-136.71-61.52-81.82
Others -0.81-9.3332.7241.6051.0100000
Net Cash Flow 9.43-8.30-4.100.31109.53-107.4250.61-50.23-2.011.07
PARTICULARSMar'99Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08
Ratios
ROE (%)5.855.31-9.79-46.3349.5362.6973.1421.4520.0427.67
ROCE (%)6.846.24-6.91-50.7165.2574.8894.5531.7528.3236.15
Asset Turnover Ratio1.141.531.461.511.692.453.113.193.082.65
PAT to CFO Conversion(x)2.071.44N/AN/A0.470.450.720.610.940.54
Working Capital Days
Receivable Days8867161210121417
Inventory Days67587873484244424150
Payable Days4339492732332282932

Bongaigaon Refinery & Petrochemicals Ltd Stock News

Bongaigaon Refinery & Petrochemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bongaigaon Refinery on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Bongaigaon Refinery stood at ₹913.2.
The latest P/E ratio of Bongaigaon Refinery as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of Bongaigaon Refinery as of 01-Jan-1970 05:30 is 0.97.
The 52-week high of Bongaigaon Refinery is ₹46.25 and the 52-week low is ₹45.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bongaigaon Refinery is ₹7,315 ( Cr.) .

About Bongaigaon Refinery & Petrochemicals Ltd

Bongaigaon Refinery & Petrochemicals Limited (BRPL) now a part of Indian Oil Corporation (IOC) was incorporated on February 20, 1974 as Government Company under the administrative control of the Ministry of Petroleum and Natural Gas, Government of India. The Government of India was holding the entire equity share capital of the Company till 1990-91. During the period 1991-92 to 2000-01, Government of India had disinvested its entire shareholding in BRPL in five phases. The last phase of disinvestment (74.46 %) was in favour of Indian Oil Corporation Limited (IndianOil), a fortune- 500 Company. Consequently, BRPL became a subsidiary of IndianOil with effect from 29th March 2001.

With an investment of about Rs 1023 crore in the Refinery and Petrochemicals plants, BRPL has the unique distinction of being the first indigenous grass root Refinery in the country integrated with a Petrochemical complex at one location.

At present, the Refinery is processing crude oil available from the oil fields of ONGC and OIL located in the North-East India and Ravva crude oil from the Krishna-Godavari basin off the coast of Andhra Pradesh. The North-East crude oil is received through a 750 km long pipeline of OIL originating at Duliajan. Ravva crude oil is shipped to Haldia port from where it is pumped to Barauni through Haldia-Barauni Crude Pipeline (HBCPL) of IndianOil. From Barauni, it is pumped to Bongaigaon through OIL's crude pipeline. At present BRPL has a total Refining capacity of 2.35 MMTPA.

A scheme of amalgamation of BRPL with Indian Oil Corporation Ltd. (IndianOil) was sanctioned by the Ministry of Corporate Affairs under Section 391(2) of the Companies Act, 1956. Consequent upon filing of the Order of Amalgamation with the Registrar of Companies and the Scheme become effective on March 25, 2009.

After which BRPL, stands dissolved without the process of winding up;All the property, rights and powers of BRPL stand transferred, without further act or deed, to Indian Oil, and accordingly the same, pursuant to Section 394(2) of the Companies Act, 1956, was transferred to and vested in Indian Oil Corporation Ltd., for all the estate and interest of BRPL.

All the liabilities and duties of BRPL were transferred, without further act or deed, to Indian Oil, and accordingly, pursuant to Section 394(2) of the Companies Act, 1956, were transferred to and become the liabilities and duties of Indian Oil. All employees of BRPL become employees of Indian Oil.

In view of the aforesaid Order of Amalgamation, the name of Bongaigaon Refinery & Petrochemicals Ltd. got deleted and/or replaced by Indian Oil Corporation Ltd. (Bongaigaon Refinery) at all places wherever applicable and the Registered Office of the Amalgamated Company was changed to Indian Oil Bhavan, G-9, Ali Yavar Jung Marg, Bandra(East), Mumbai-400 051.

BRPL and its units functions as a separate Refinery under the Refineries Division of Indian Oil and are under the administrative control of Director (Refineries). All operational activities of the dissolved Company, BRPL is being carried out from the same office wherefrom such activities were being carried out prior to the aforesaid amalgamation.

The completed projects of the company include:

  • Modernization of Petrochemical Instruments (Pretreater & Reformer Units);
  • Revamping of Power Distribution System in CPP;
  • Crude Oil Import & Storage

Ongoing project

  • Diesel Quality Upgradation (DHDT): To meet Euro-III/IV quality specifications applicable from 1st April, 2010. Planned outlay for this project is about Rs. 1431 Crores. The project is targeted to be completed by October 2009.

Awards/ Achievements

  • BRPL has been declared the winner for achieving Lowest Average Frequency Rate and as runner-up for achieving Lost Time Accident Free Year under the National Safety Awards- 2006 instituted by the Ministry of Labour & Employment, Govt. of India. The award was presented by Shri Oscar Fernandes, Hon’ble Minister of State (Independent Charge) for Labour & Employment, Govt. of India on 7th October 2007 at Vigyan Bhawan, New Delhi.
  • BRPL has been awarded the “Oil & Gas Conservation Award-2007 (First Prize)” in the area of steam leaks amongst all the 17 refineries of the country. This is in recognition of the continuous efforts of the company in conservation of energy. The award was presented by Shri Murli Deora, Hon’ble Minister of Petroleum & Natural Gas, Govt. of India on 20th September 2007 during the Refinery Technology Meet at Trivandrum.
  • BRPL received the “Greentech Environment Excellence Gold Award- 2007” in Petroleum Refinery Sector for outstanding achievement in Environment Management. The award was instituted by “GREENTECH FOUNDATION”, New Delhi. The award was presented on 29th August 2007 at Goa.BRPL and its employees are proud winners of various National & Regional awards. Some of the awards won are:
  • Best Employer of Handicapped award from the President of India in 1997.
  • Best Handicapped Employee award;
  • Prime Minister's Shram Shri Award to three BRPL employees;
  • Certificate of Honour for Best Environment Management from Board for Prevention and Water Pollution, Assam;
  • Rajiv Gandhi Jathaiya Paryavaran Award (Best Pollution Control Implementation Gold Medal) in 2003;
  • Several Awards in the field of Oil Conservation, the most recent being an award in 2003 by PCRA, Ministry of Petroleum & Natural Gas (MoP&NG) for  Exemplary Work in Energy Conservation under the Large Project category;
  • Jawaharlal Nehru Centenary Award (2001-02) by MOP&NG- Second best in the improvement in Energy conservation. Awarded on 4th November, 2003 at Pune.
  • 2nd prize by MoP&NG in area of Furnace/Boiler efficiency, in OGCF 2004, conducted by Centre for High Technology.
  • 3rd prize from MoP&NG for Minimum Steam Leak among all refineries in 2005;
  • 1st prize from MoP&NG for best performance in specific energy consumption for the year 2004-05 under Group II category of refineries having NRGF less than equal to 4.0;
  • Oil Industry Safety Award by MoP&NG –Third Best overall performance amongst refineries (Group I) for the year 2002-03;
  • ‘National Safety Award’by Ministry of Labour and Employment (GOI) for outstanding performance in “Industrial Safety”on the basis of longest accident free years-presented on 17.09.2005;
  • Greentech Safety Silver Award for the year 2004-05 in Petroleum Sector;
  • Greentech Environment Excellence Gold Award for the years 2003-04 and also 2004-05 in the Petroleum Sector awarded by Greentech foundation, New Delhi.
  • NATIONAL SAFETY AWARD - For longest accident free period: 2004’
  • ‘Jawaharlal Nehru Centenary Award For Energy Performance Of Refineries For The Year 2004-05.
  • National Safety Award for 2005 for achieving “Lowest Average Frequency Rates of Accident”
  • National Safety Award for 2005 for achieving “Accident Free Year for highest number of man-hours” Green Tech Safety Gold Award 2006 for outstanding achievement in Safety Management
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