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Ballarpur Industries Ltd (BALLARPUR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500102 NSE: BALLARPUR Paper & Paper Products | Small Cap | Ballarpur Inds. Share Price

₹0.89 0.00 (0.00%)

As on 22-Jun'23 18:01

Ballarpur Industries Ltd (BALLARPUR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500102 NSE: BALLARPUR Paper & Paper Products | Small Cap | Ballarpur Inds. Share Price

₹0.89 0.00 (0.00%)

As on 22-Jun'23 18:01

Key Metrics
Valuation Multiples
Market Cap
₹120 Cr.
Current Price
₹0.9
52-Week Low / High
₹1 / 1
TTM EPS
₹-9.6
TTM Sales
₹300 Cr.
Book Value per Share
₹-9
P/E Ratio
0.00
Industry PE
16.5
Price to Book (P/B)
-0.10
Price to Sales (P/S)
0.40
EV/EBITDA
-4.25
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-13.60%
Return on Capital Employed (ROCE)
-2.12%
Return on Assets (ROA)
-5.45%
Operating Profit Margin
-61.4%
Net Profit Margin
-358.7%
Gross Profit Margin
-281%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
102.72%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
51.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-1,479 Cr.
Equity
₹268.9 Cr.
Face Value
₹2
All Time Low / High
₹0.31 / 47.27

Ballarpur Industries stock performance

Key Ratios
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10 Year X-Ray :

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.
Ballarpur Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 4.1%-17.2%-7.9%-18.2%-68.2%-9%-283.9%1,214.8%-18.4%-2.1%-
Value Creation
Index
-0.7-2.2-1.6-2.3NANANANANANA-

Growth Parameters

Sales 5622163034553022.40.409.218.6300
Sales YoY Gr.--61.5%40.2%50.3%-33.7%-99.2%-83.9%-100%NA102.7%-
Adj EPS 0-8.1-1.5-3-8.2-4.4-7.57.5-21.1-11.6-9.6
YoY Gr.--26966.7%NANANANANANA-383.2%NA-
BVPS (₹) 25.61.46.10.5-9.5-13.9-28.85.694.683.9-9
Adj Net
Profit
1.8-528-192-389-1,060-575-964965-116-63.9-1,287
Cash Flow from Ops. -185-53341.627.819.3-1,7994734,213-70.4-34.5-
Debt/CF from Ops. -10.7-4.740.659.687.9-1.86.90.1-8.4-19.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -31.5%-42.7%265.9%102.7%
Adj EPS -293.9%NANANA
BVPS14.1%NANA-11.3%
Share Price -24.9% -13% - -

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.1-59.8-43.9-91.5183.538.134.9-64.4-18.6-13-25.5
Op. Profit
Mgn %
13.6-145.7-11-4.1-148.8-1361-5594.70-173.5-61.4-113.5
Net Profit
Mgn %
0.3-244.4-63.3-85.4-351.2-24355.9-253813.20-1265.8-343.4-429.4
Debt to
Equity
1.227.72.225-1.4-1.8-0.90.71.11.51.2
Working Cap
Days
4861,5088254581,0031,81,27113,96,44202,1411,4207,680
Cash Conv.
Cycle
15436582-107-2032,09420,85001461841,628

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales561.78216.16303.11455.41301.922.360.3809.1818.61
Operating Expenses + 485.44531.01337.69474.91751.1434.4821.6413.1625.1130.05
Manufacturing Costs192.89107.80181.57256.33137.748.255.885.404.945.55
Material Costs187.3782.2659.72100.841050.2800-1.725.54
Employee Cost 69.1075.0266.7068.1153.7314.826.301.367.349.51
Other Costs 36.08265.9329.7049.63454.6711.139.466.4014.549.44
Operating Profit 76.34-314.85-34.58-19.50-449.22-32.12-21.26-13.16-15.93-11.44
Operating Profit Margin (%) 13.6%-145.0%-11.4%-4.3%-148.0%-1,361.0%-5,594.7%--173.0%-61.5%
Other Income + 109.6982.3063.5278.92100.230.900.080.269.232.02
Exceptional Items 0-251.49-169.29-377.07-353.680-1,377.104,982.37-199.73-4.09
Interest 108.02168.53257.25254.38538.38487.20477.61478.8234.9442.88
Depreciation 58.1052.6959.7163.4845.6356.3352.5737.5611.2010.38
Profit Before Tax 19.91-705.26-457.31-635.51-1,286.68-574.75-1,928.464,453.09-252.57-66.76
Tax -1.75-25.42-146.220000000
Profit After Tax 21.66-679.84-311.09-635.51-1,286.68-574.75-1,928.464,453.09-252.57-66.76
PAT Margin (%) 3.9%-314.0%-102.0%-139.0%-426.0%-24,353.8%-5,07,489.5%--2,751.0%-358.0%
Adjusted EPS (₹)0.3-10.4-2.4-4.9-10.0-4.4-14.934.4-45.9-12.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Ballarpur Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1,675.8790.62784.4766.13-1,222.03-1,796.78-3,725.25727.85520.19461.60
Share Capital 131.12131.12258.71258.71258.71258.71258.71258.715555
Reserves 1,544.75-40.50525.76-192.58-1,480.74-2,055.49-3,983.96469.14465.19406.60
Debt +1,912.512,341.02981.58943.48981.873,267.253,276.90532.48588.31687.80
Long Term Debt907.74752.09000000573.06582.98
Short Term Debt1,004.771,588.93981.58943.48981.873,267.253,276.90532.4815.25104.82
Minority Interest0000000000
Trade Payables125.26118.59199.97221.90237.70204.33209.2688.0210.013.26
Others Liabilities 1,203.972,218.372,084.532,277.273,612.612,441.902,925.12-109.4279.0999.14
Total Liabilities 4,917.614,768.604,050.553,508.783,610.154,116.702,686.031,238.931,197.601,251.80

Fixed Assets

Net Fixed Assets +2,632.972,368.892,608.632,129.452,141.741,731.681,679.11604.55593.40583.16
Gross Block3,206.223,251.963,551.313,134.743,538.893,538.443,416.562,570.282,570.352,569.18
Accumulated Depreciation573.25883.07942.681,005.291,397.151,806.761,737.451,965.731,976.951,986.02
CWIP 298.55312.560.652.700.57000083.46
Investments 1,065.351,065.351,057.87945.53929.65929.650.050.050.050.05
Inventories284.78324.6853.7153.0716.7816.5016.6916.6817.2511.04
Trade Receivables15.555.377.0511.260.046.795.835.830.040.03
Cash Equivalents 58.874.99109.382.311.140.940.9132.839.02
Others Assets 561.54686.76312.64357.39519.061,430.94983.41610.91554.02565.04
Total Assets 4,917.614,768.604,050.553,508.783,610.154,116.702,686.031,238.931,197.601,251.80

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -184.59-532.5541.6027.7819.28-1,798.89473.174,212.94-70.41-34.53
PBT 19.91-705.26-457.31-635.51-1,286.68-574.75-1,928.464,453.09-252.57-66.76
Adjustment 82.06637.92462.72644.331,274.92544.181,907.785,498.74-41.5665.60
Changes in Working Capital -286.01-485.313.3314.9631.87-1768.32493.85-5738.89223.72-33.18
Tax Paid -0.5520.0922.864-0.830000-0.20
Cash Flow From Investing Activity + -343.3645.63-12.4213.180.010.120.020.02-4.25-73.12
Capex -108.6630.58-18.9012.36-3.300.100020.84-75.42
Net Investments -251.57000000000
Others 16.8715.056.480.823.310.020.020.02-25.092.30
Cash Flow From Financing Activity + 576.76433.18-22.41-46.07-21.631,797.60-473.39-4,212.9977.3483.85
Net Proceeds from Shares 0000.58000049.280
Net Proceeds from Borrowing 657.45539.1500000000
Interest Paid -64.82-105.82-24.47-15.84-14.98-487.20-477.61-478.82-34.94-15.65
Dividend Paid -15.83-0.13-0.11-0.11-0.1700000
Others -0.04-0.022.17-30.70-6.482,284.804.22-3,734.176399.50
Net Cash Flow 48.81-53.746.77-5.11-2.34-1.17-0.20-0.032.68-23.81

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.32-76.97-71.1-149.43N/AN/AN/A0-40.48-13.6
ROCE (%)4.07-17.16-7.88-18.16N/AN/AN/A1214.79-18.37-2.12
Asset Turnover Ratio0.150.050.070.120.080000.010.02
PAT to CFO Conversion(x)-8.52N/AN/AN/AN/AN/AN/A0.95N/AN/A
Working Capital Days
Receivable Days71.6016.807.407.306.80528.206,060.900116.700.70
Inventory Days178.40489.10224.6042.8042.202,573.6000674.50277.40
Payable Days238541973.50763.50798.800000436.90

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ballarpur Industries Ltd FAQs

The current trading price of Ballarpur Inds. on 22-Jun-2023 18:01 is ₹0.89.

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 21-Jun-2023 the market cap of Ballarpur Inds. stood at ₹119.7 Cr

The latest P/E ratio of Ballarpur Inds. as of 21-Jun-2023 is 0.00.

The latest P/B ratio of Ballarpur Inds. as of 21-Jun-2023 is -0.10.

The 52-week high of Ballarpur Inds. is ₹0.93 and the 52-week low is ₹0.85.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ballarpur Inds. is ₹300 ( Cr.) .

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

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

No data found

About Ballarpur Industries Ltd

Ballarpur Industries (BILT) was incorporated in 1945 as Ballarpur Paper and Straw Board Mills and created brands like ‘Three Aces’ for paper and ‘Wisdom’ for stationary. In 1969 the company merged with Shree Gopal Mills. The name was changed to Ballapur Industries in 1975.

It entered the industrial paper segment in the year 1988. Today, the company is a market leader of Indian paper industry and is part of the $3 billion Avantha Group.

Its manufacturing facilities are located at Ballarpur and Bhigwan (Maharashtra), Shree Gopal (Haryana), Sewa (Orissa) and a pulp unit at Kamalapuram (Andhra Pradesh). The company is largest manufacturer and exporter of a range of products such as writing and printing (W&P) paper, industrial paper and speciality paper.

BILT’s subsidiary, BILT Tree Tech is focused on developing core competency in forestry and is manned by experienced forestry professionals.

The company holds 85% share of the bond paper market and nearly 45% share of the hi-bright Maplitho market in India.

Business

It manufactures wide range of papers such as coated wood free, uncoated wood free, copy paper, packaging, business stationery, industrial grades and speciality and fine paper.

The company has launched a premium range of paper stationery products under brand name BILT Matrix.

Awards

BILT was awarded the Golden Peacock Global Award for Corporate Social Responsibility by the World Council for Corporate Governance.

The company received the Indian Manufacturing Excellence Award in the year 2006.

It also bagged Safety Innovation Award (2006) from Safety and Quality Forum.

Milestones:-

• 1990: Sewa Paper Mills acquired

• 1992: Choudwar unit acquired

• 1994: US $ 35 million FCCB Issue launched

• 2000: Business portfolio restructuring completed

• 2001: Sinar Mas Pulp and Paper (India) Limited acquired and renamed Bilt Graphic Papers Limited (BGPL)

• 2002: New Corporate Identity initiative. Genesis of BILT

• 2003: BILT Graphic Papers Limited merged with BILT, US $ 80 million raised through FCCB and GDS Issue

The company has signed a Share Purchase Agreement with Premier Tissues India (PTIL) and its shareholders for acquiring entire paid-up capital of PTIL for a consideration of around Rs 76.52 crore.

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