Bengal Tea & Fabrics Ltd - Stock Valuation and Financial Performance

BSE: 532230 | NSE: | Textile - Spinning | Small Cap

Bengal Tea & Fabrics Share Price

143.80 9.05 6.72%
as on 18-May'24 11:54

DeciZen - make an informed investing decision on Bengal Tea & Fabrics

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Bengal Tea & Fabrics stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
123.4 Cr.
52-wk low:
71.8
52-wk high:
154

Is Bengal Tea & Fabrics Ltd an attractive stock to invest in?

1. Is Bengal Tea & Fabrics Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bengal Tea & Fabrics Ltd is a average quality company.

2. Is Bengal Tea & Fabrics Ltd undervalued or overvalued?

The key valuation ratios of Bengal Tea & Fabrics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Bengal Tea & Fabrics Ltd a good buy now?

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

10 Year X-Ray of Bengal Tea & Fabrics:

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.
Bengal Tea & Fabrics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.6%3.4%3%-1.5%-2.8%0.5%0.2%7.4%16.4%-1.2%-
Value Creation
Index
-0.2-0.8-0.8-1.1-1.2-1.0-1.0-0.50.2-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 25322322321414511111149.255.149.550
Sales YoY Gr.--11.7%0.1%-4.1%-32.2%-23.8%0%-55.6%12.1%-10.2%-
Adj EPS 13.511.3-6.9-7.4-1.3-1.79.220.8-1.9-1.3
YoY Gr.--92.4%29.1%-617.3%NANANANA127.2%-109.1%-
BVPS (₹) 69.370.471.9112.6107.5106.4104.3107.6127.7125.8127.3
Adj Net
Profit
12.10.91.2-6.2-6.7-1.2-1.58.318.8-1.7-1
Cash Flow from Ops. 28.135.218.818.693.34.566.66.1-
Debt/CF from Ops. 3.11.92.92.82.97.14.73.30.11.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -16.6%-19.4%-23.5%-10.2%
Adj EPS -180.4%NANA-109.1%
BVPS6.9%3.2%6.4%-1.5%
Share Price 14.8% 32.7% 48.4% 91.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
19.80.91-5.9-6.7-1.2-1.68.617.7-1.5-1.1
Op. Profit
Mgn %
14.17.28.34.10.63.43.520.6180.13
Net Profit
Mgn %
4.80.40.5-2.9-4.6-1.1-1.316.834-3.5-2.4
Debt to
Equity
1.41.10.90.50.30.20.20.200.1-
Working Cap
Days
97122124120145171176403277207132
Cash Conv.
Cycle
586862608711110721117215669

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -23.51%

Sales growth is not so good in last 4 quarters at 7.10%

Latest Financials - Bengal Tea & Fabrics Ltd.

Standalone Consolidated
TTM EPS (₹) -1.3 -
TTM Sales (₹ Cr.) 49.5 -
BVPS (₹.) 127.3 -
Reserves (₹ Cr.) 106 -
P/BV 1.08 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 71.80 / 153.95
All Time Low / High (₹) 0.92 / 153.95
Market Cap (₹ Cr.) 123
Equity (₹ Cr.) 9
Face Value (₹) 10
Industry PE 27.2

Management X-Ray of Bengal Tea & Fabrics:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Bengal Tea & Fabrics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales253223223214145111111495550
Operating Expenses 218207204205144107107394549
Manufacturing Costs48494929302929667
Material Costs127115109115664641121416
Employee Cost 29303331322426171920
Other Costs 1413133016810466
Operating Profit 351619914410100
Operating Profit Margin (%) 13.7%7.2%8.7%4.1%0.6%3.4%3.5%20.6%18.0%0.1%
Other Income 4422321113
Interest 8866432100
Depreciation 12101212855222
Exceptional Items 00000000300
Profit Before Tax 1922-7-7-1-29391
Tax 601-1-2-1-10-12
Profit After Tax 1322-6-50-1840-1
PAT Margin (%) 5.0%0.9%0.8%-2.7%-3.5%-0.3%-1.2%16.9%72.5%-2.4%
Adjusted EPS (₹)13.92.22.1-6.5-5.6-0.4-1.59.244.4-1.3
Dividend Payout Ratio (%)14%23%24%0%0%0%0%11%2%-75%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6714210810197969497115113
Share Capital 9999999999
Reserves 58133999288878588106104
Minority Interest0000000000
Debt715647442420211907
Long Term Debt37352718820300
Short Term Debt342120251619211607
Trade Payables9131713710141322
Others Liabilities 2924221753-100-2
Total Liabilities 176236194175132129128129117120

Fixed Assets

Gross Block170237194109878992885558
Accumulated Depreciation7882851216212524810
Net Fixed Assets9215510998706867644748
CWIP 2001112212
Investments 7571078291041
Inventories38434540353539362521
Trade Receivables15111097981000
Cash Equivalents 12131121142
Others Assets2121221411898205
Total Assets 176236194175132129128129117120

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 28351919935676
PBT 1922-7-7-1-24182
Adjustment 1916171611662-15-3
Changes in Working Capital -517-096-211510
Tax Paid -4-1-100000-1-2
Cash Flow From Investing Activity -14-10-3-32011-328-24
Capex -7-13-1-1161-54285
Net Investments -83-2-2306-70-30
Others 1000000011
Cash Flow From Financing Activity -19-25-16-14-30-5-5-4-215
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -15-2-8-9-16-6-53-10
Interest Paid -8-8-6-5-4-3-2-2-20
Dividend Paid -1-2000000-1-1
Others 5-13-21-1032-5-186
Net Cash Flow -51-12-101-114-13
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)21.93.082.92-6.99-5.06-0.34-1.418.7137.72-1.06
ROCE (%)18.027.126.82-0.88-2.441.080.387.8334.050.86
Asset Turnover Ratio1.491.081.041.160.950.850.860.380.450.42
PAT to CFO Conversion(x)2.1517.59.5N/AN/AN/AN/A0.750.18N/A
Working Capital Days
Receivable Days1921171620262864322
Inventory Days5267727394114121276203170
Payable Days22355148566710540819341

Bengal Tea & Fabrics Ltd Stock News

Bengal Tea & Fabrics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bengal Tea & Fabrics on 18-May-2024 11:54 is ₹143.8.
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 18-May-2024 11:54 the market cap of Bengal Tea & Fabrics stood at ₹123.4.
The latest P/E ratio of Bengal Tea & Fabrics as of 18-May-2024 11:54 is 0.00.
The latest P/B ratio of Bengal Tea & Fabrics as of 18-May-2024 11:54 is 1.08.
The 52-week high of Bengal Tea & Fabrics is ₹153.9 and the 52-week low is ₹71.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bengal Tea & Fabrics is ₹49.52 ( Cr.) .

About Bengal Tea & Fabrics Ltd

Bengal Tea & Fabrics, belonging to the B D Kanoria Group was incorporated in the year 1983. The company took over the Bengal Tea & Industries, earlier known as Bengal Tea Company, in the year 1985.

Bengal Tea Company was incorporated in the year 1950 by the Kanorias and took over the undertakings of The Ananda Assam Tea Company and Asarwa Mills in the year 1970 and 1976, respectively.

Currently the company has interest in the business of Tea and Textiles, with a turnover of about Rs 126.8 crore.

The tea estates of the company are situated in Upper Assam and produces about1.7 million kilograms of quality black tea.

Asarwa Mills, a composite textile mill, is situated in the heart of Ahmedabad in the state of Gujarat and has an installed capacity of 47,616 spindles and 72 looms. It was set-up in the year 1900 and is one of the oldest mills in India. The present management has modernized the mill in a phased manner to transform the same in a state-of-art, tech-savvy mill. The revenue from export of yarn is about Rs 0.372 crore.

Product Variety:

The Company has interest in the business of tea and textiles.

Tea -

Bengal Tea owns following three tea estates with an annual production of about 1.7 million kilo grams of tea, having a planted area of 623 hectares, situated in North Lakhimpur in Upper Assam.

  • Ananda Tea Estate
  • Pathalipam Tea Estate
  • Bordeobam Tea Estate

The Company processes the green tea leaves at its own factory situated at Ananda Tea Estate. It also processes green tea leaves purchased from small growers.

Products:

Black Tea - CTC - Leaf and Dust and tea seed.

Textile -

The company owns a composite textile mill, namely Asarwa Mills, with an installed capacity of 47,616 spindles and 94 looms, situated in Ahmedabad in the state of Gujarat.

Products:

  • Cotton Yarn
  • Manmade Fiber Yarn
  • Blended Yarn
  • Fabrics - Cloth

Latest Development:

The board of directors of Bengal Tea & Fabrics has recommended a dividend of 5%, at Re 0.50 per equity share of Rs 10 each, subject to shareholders approval.

Outlook:

Due to improvement of demand of quality and the company’s thrust on producing the same, the tea division is expected to maintain profitability.

The outlook of the textile industry appears to be brighter as the farmers continue to cover more area for sowing of BT cottonseeds resulting in higher yields. The company has undertaken the second phase of modernization cum expansion plan and is visualizing a big opportunity in the country having a population of over 1.1 billion with the improving standard of living and changing lifestyle.

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