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Birla Cotsyn (India) Ltd. Stock Analysis

Small Cap
Evaluated by 285 users | BSE: 533006 | NSE: BIRLACOT |
Textile - Spinning
Birla Cotsyn (India) Ltd was incorporated on September 24, 1941 under the name and style of Jamod Ginning Company Private Ltd. Renamed on October 8,1998 as Birla Agro Private Ltd and subsequently changed to Birla Cotsyn (India) Private Ltd on  December 9, 2005. The company was converted...

Analysis of Financial Track Record

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
 Mar'09Mar'10Mar'11Mar'12Jun'13Mar'14Mar'15Mar'16Mar'17Mar'18
Return on Capital Employed 2.22%5.4%6.17%4.87%-20.15%-6.89%-17.87%-16.59%-31.66%-116.42%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 19334554176027512511299.895.6103
Y-o-Y Gr. Rt.-78.1%56.9%40.5%-63.8%-54.6%-9.9%-11.3%-4.1%7.6%
Adjusted EPS (Rs.) 0.010.030.040-0.42-0.27-0.36-0.29-0.33-0.33
Y-o-Y Gr. Rt.-200%33.3%-100%NANANANANANA
Book Value per Share (Rs.) 1.121.031.051.120.510.63-0.13-0.4-0.73-1.05
Adjusted Net Profit 1.98.510.6-0.1-112-72.7-95.2-77.2-88.3-89
Net Op. Cash Flow (Rs. Cr.) -8.3-9.9-33.7-5164-3.81.11.4-2.45.3
Debt to Cash Flow from Ops -18.99-20.75-7.83-5.123.24-95.38235.28190.32-108.8647.44
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Birla Cotsyn (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -6.8%-17.8%-2.9%7.6%
Adjusted EPS -247.5%NANANA
Book Value per Share -199.3-215.500
Share Price -10.4% 21.1% 17.6% 62.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'09Mar'10Mar'11Mar'12Jun'13Mar'14Mar'15Mar'16Mar'17Mar'18
Return on Equity (%) 1.523.753.7-0.05-56.45-34.75-173.36125.0961.7638.57
Operating Profit Margin (%) 3.578.089.556.94-26.02-15.54-2.65-1.85-11.420.37
Net Profit Margin (%) 0.972.461.96-0.02-40.68-58.26-84.62-77.41-92.3-86.42
Debt to Equity 1.010.770.960.871.522.15-7.97-2.42-1.32-0.89
Working Capital Days 1281091602154601,238868795826769
Cash Conversion Cycle 2946575474-19-27-18-19-23
Entity Percentage Holding
Promoters 18.09%
Institutions 1.06%
Non-Institutions 80.85%
Pledged *37.310.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Birla Cotsyn (India) Ltd.'s performance infers:

Birla Cotsyn (India) Ltd. earnings have grown by 0%, whereas share price has appreciated 21.1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Birla Cotsyn (India) Ltd. share prices over the last 10 years. Here is what we found out:

Birla Cotsyn (India) Ltd. share price has appreciated -16.9% annually over the past ten years.

Birla Cotsyn (India) Ltd was incorporated on September 24, 1941 under the name and style of Jamod Ginning Company Private Ltd. Renamed on October 8,1998 as Birla Agro Private Ltd and subsequently changed to Birla Cotsyn (India) Private Ltd on  December 9, 2005. The company was converted into a public limited company and the name was changed to Birla Cotsyn (India) Limited on May 30, 2006.

Birla Cotsyn a flagship of the Yash Birla Group, one of the largest industrial conglomerates in

Birla Cotsyn (India) Ltd was incorporated on September 24, 1941 under the name and style of Jamod Ginning Company Private Ltd. Renamed on October 8,1998 as Birla Agro Private Ltd and subsequently changed to Birla Cotsyn (India) Private Ltd on  December 9, 2005. The company was converted into a public limited company and the name was changed to Birla Cotsyn (India) Limited on May 30, 2006.

Birla Cotsyn a flagship of the Yash Birla Group, one of the largest industrial conglomerates in India started its operation in 1932. The Sprawling unit is located at Khamgaon (M.S) in the industrial belt of Central India. Birla Cotsyn (India) is having synthetic blended ring spun yarn manufacturing facility with state of art machineries at Khamgaon.

The company has excellent sales network in India and abroad for grey and dyed solid griddles, fancy, industrial knitting and sewing ring spun yarns in various blends and count range from NE 8s to 60s.

The Yash Birla group promoted Birla Cotsyn India (BCIL) has 50:50 joint venture with the P.B.Bhardwaj  Chairman Sunflag Group. In the first phase, the Rs. 315 core integrated textile complex will manufacture open end, rotor based cotton yarn with an installed capacity of 1728 rotors. It will have 114 looms to weave fabric.

Having acquired 100 acres of land at MIDC, Malkapur, they are expanding current capacities from 21000 spindles to 36,000 spindles. With a proposed 1728 rotors and 114 looms, their capacity is bound to rise to 50,000 meters per day.

The company was earlier engaged in cotton ginning, pressing and oil expelling and after the acquisition of assets of Khamgaon Syntex (I) Ltd at MIDC, Khamgaon with a spindle capacity of 18,304 spindles, with effect from August 2006, has entered into manufacturing of synthetic yarn.

Product range of the company includes:

The company produces high quality synthetic, blended ring spun yarns for usage in woven and knitted fabrics, textiles, blankets, towels, upholstery, furnishings, curtains, bed sheets, made-up and industrial fabrics.

  • Synthetic Yarns
  • Cotton Yarns

Milestones:

  • Sep 1941- Incorporated by Mr. R.D. Birla under the name style of M/s Jamod Ginning Company Pvt. Ltd.
  • Oct 1998- Renamed as M/S. Birla Agro Pvt. Ltd.
  • Dec 2004 -Change in Object clause to include the business of manufacturing / importing / exporting all kinds of yarns, carpets, fabric materials and agro chemicals
  • Dec 2005 -Name Changed to Birla Cotsyn (India) Pvt. Ltd.
  • Mar2006- Name changed to Birla Cotsyn (India) Limited pursuant to conversion into public limited company.
  • Mar2006 -Change of registered office from Queen’ s Mansion, Fort, Mumbai – 400 001 to Dalamal House, 1st Floor, Nariman Point, Mumbai – 400 020.
  • May 2006- Coverted into public limited company and name modified into Birla Cotsyn (India) Ltd
  • Aug 2006- Acquired the business of Khamgaon Syntex (I) Ltd., a wholly owned subsidiary of Zenith Ltd, one of the group companies.
  • Dec 2006 -Entered in to a joint venture agreement with P .B. Bharadwaj Group whereby the promoters’ equity will be shared in the ratio of 50:50 between YBG and PBG.
  • April 2007-Change in Object clause to include the business of extracting/ processing and refining oil from cotton and other seeds
  • May,2007- Mega Project status accorded by Government of Maharashtra
  • Aug, 2007- Bhoomi Pujan at Malkapur and Khamgoan for the proposed project
  • Mar, 2008-Commencement of the commercial production of the open end unit and the cotton spinning unit

Achievements/ recognition:

  • The state government has conferred the ‘mega project status’ to the. 50:50 Joint venture project with the P.B.Bhardwaj  Chairman Sunflag Group.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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