Binny Ltd - Stock Valuation and Financial Performance

BSE: 514215 | NSE: | Textile | Small Cap

Binny Share Price

145.50 0.00 0.00%
as on 08-Jul'24 16:01

DeciZen - make an informed investing decision on Binny

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Binny stock performance -

mw4me loader
P/E Ratio (SA):
13.81
Market Cap:
314.6 Cr.
52-wk low:
135.1
52-wk high:
308

Is Binny Ltd an attractive stock to invest in?

1. Is Binny Ltd a good quality company?

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

2. Is Binny Ltd undervalued or overvalued?

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

3. Is Binny Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Binny 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 Binny:

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.
Binny 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 % -6.1%1.5%-2.1%79.6%3.8%2.6%1.4%6.4%9.2%16.3%-
Value Creation
Index
-1.4-0.9-1.24.7-0.7-0.8-0.9-0.5-0.30.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9.27.20.145545.90.440.829.474.4147159
Sales YoY Gr.--21.7%-99.3%9,10,540%-89.9%-99.2%11,225%-28%153.3%97.4%-
Adj EPS -14.80.9-3.9125.23-6.7-8914.926.610.2
YoY Gr.-NA-543.2%NA-97.6%-326.9%NANA65.3%78.1%-
BVPS (₹) 29.730.626.7103.6122.7126118.6129.1147.3180.3194.9
Adj Net
Profit
-32.92-8.72806.6-15-17.820.233.359.423
Cash Flow from Ops. 57.9-1011.39.6-12931.528.715.731641.1-
Debt/CF from Ops. 0-21.822.3-2.810.511.81700-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 36%26.2%53.3%97.4%
Adj EPS NA55%NA78.1%
BVPS22.2%8%15%22.5%
Share Price 0.2% 6% -4.8% -42.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-12.50.8-3.8110.42.2-4.6-5.56.39.5155.4
Op. Profit
Mgn %
16.460.8-11877.593.289.9-1174.883.465.479.37054.2
Net Profit
Mgn %
-356.627.2-19231.861.414.5-4137.3-43.768.744.840.514.4
Debt to
Equity
00.10.10.91.31.21.30.900-
Working Cap
Days
87813,37450,42,8676478,00311,19,7339,99214,2945,0372,2021,076
Cash Conv.
Cycle
-2252512,04,4881942,2883,00,7682,0713,4141,3891,034911

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 53.28%

Return on Equity has declined versus last 3 years average to 5.40%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 3.42%

Latest Financials - Binny Ltd.

Standalone Consolidated
TTM EPS (₹) 10.2 1.8
TTM Sales (₹ Cr.) 159 7.9
BVPS (₹.) 194.9 0
Reserves (₹ Cr.) 424 85
P/BV 0.72 0.00
PE 13.81 79.61
From the Market
52 Week Low / High (₹) 135.05 / 308.00
All Time Low / High (₹) 1.00 / 453.80
Market Cap (₹ Cr.) 315
Equity (₹ Cr.) 11.2
Face Value (₹) 5
Industry PE 29.4

Management X-Ray of Binny:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *25.4125.4125.4125.4125.4125.4125.4125.410.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Binny

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
Sales970455460412974147
Operating Expenses 83531557101544
Manufacturing Costs1000020209
Material Costs00010013714
Employee Cost 1112222225
Other Costs 614282143616
Operating Profit 24-542441-4341959103
Operating Profit Margin (%) 16.4%60.8%-11,877.5%93.2%89.6%-1,175.1%83.4%65.3%79.3%70.0%
Other Income 0121315424242108
Interest 22252223463828168
Depreciation 0100000004
Exceptional Items -40000000000
Profit Before Tax -612-941534-938335399
Tax 00013627655122039
Profit After Tax -612-92797-15-18203359
PAT Margin (%) -656.0%27.1%-19,231.8%61.3%14.2%-4,135.7%-43.7%69.1%45.0%40.4%
Adjusted EPS (₹)-27.10.9-3.9125.12.9-6.7-8.09.115.026.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 233235226280323330312333366426
Share Capital 12812812811111111111111
Reserves 10410697269312319301322355414
Minority Interest0000000000
Debt015821436033133826611
Long Term Debt015821436033133826611
Short Term Debt0000000000
Trade Payables0000117100
Others Liabilities 80274503390455443486573528502
Total Liabilities 3135247378851,1391,1051,1441,173895929

Fixed Assets

Gross Block3058333333439
Accumulated Depreciation4501111126
Net Fixed Assets3003222221233
CWIP 0000000000
Investments 0002000111
Inventories00298299299299298294287541
Trade Receivables1000112114
Cash Equivalents 03114576511
Others Assets11517435581834798835870599340
Total Assets 3135247378851,1391,1051,1441,173895929

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 58-101110-12931291631641
PBT -612-941534-938335399
Adjustment 56171364-4-1364
Changes in Working Capital 64-1313-419-37421520267-41
Tax Paid -1000-132-6-21-24-10-20
Cash Flow From Investing Activity 30-103000-1-27
Capex 00-100000-1-35
Net Investments 3000200000
Others 0000100008
Cash Flow From Financing Activity -6313-12-10127-30-31-14-315-8
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 015-70000000
Interest Paid -22-2-5-2-10-16-11-16-8
Dividend Paid 0000000000
Others -4100-7129-30-15-3-3000
Net Cash Flow -22-2012-22-16
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-62.72.92-13.63192.022.59-5.42-6.537.3410.8516.24
ROCE (%)-16.292.5-1.88135.9110.416.0512.5110.5315.5928.96
Asset Turnover Ratio0.030.0200.560.0500.040.030.070.16
PAT to CFO Conversion(x)N/A-5N/A0.04-18.43N/AN/A0.89.580.69
Working Capital Days
Receivable Days51403,36404906131756
Inventory Days0002392,37702,6693,6791,4281,029
Payable Days00016747001,1164113111

Binny Ltd Stock News

Binny Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Binny on 08-Jul-2024 16:01 is ₹145.5.
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 08-Jul-2024 16:01 the market cap of Binny stood at ₹314.6.
The latest P/E ratio of Binny as of 08-Jul-2024 16:01 is 13.81.
The latest P/B ratio of Binny as of 08-Jul-2024 16:01 is 0.72.
The 52-week high of Binny is ₹308.0 and the 52-week low is ₹135.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Binny is ₹158.6 ( Cr.) .

About Binny Ltd

Binny was established in 1969 to take over by a Scheme of Amalgamation of Buckingham & Carnatic Co. Ltd. Bangalore Woollen Cotton & Silk Mills Co Ltd. Binny & Co Ltd. Ganges Transport & Trading Co. Ltd. and Madura Co. Private Ltd. with effect from 1st November.

Binny was revived through a BIFR package. The company was being jointly managed by the Udayar group and Dynamix group.They decided in August 1996 to split the company into two companies :Binny and Binny (Karnataka).

The main reason for the split was to have operational convenience, particularly raising working capitals beside plan for new investment

The Appellate Authority for Industrial and Financial Reconstruction has upheld an order passed by the Board for Industrial and Financial Reconstruction rejecting the Binny Ltd.'s proposal to sell 1,260 grounds of the company at Perambur, Chennai, for Rs. 60 crores.

In its order dated February 23, the BIFR held that the offer of Rs. 60 crores was 50 per cent of the earlier valuation done in 1999 at Rs.119 crores. It therefore rejected the proposal for sale of the lands for Rs. 60 crores and reconstituted an Asset Sale Committee for sale of the land.

The Binny Ltd. and another challenged the order before the Appellate Authority contending that it had entered into settlement with the charge holders of the land and also with about 95 per cent of the workers, who were agreeable for this sale of land for Rs. 60 crores and a rehabilitation scheme would be possible if this sale was allowed to be made.

Business area of the company:

The Company is engaged in the business of marketing textiles goods, marketing engineering and other products, shipping related business, operating cold storage at Cochin, travel agency business approved by IATA and TAI, real estate and Container Freight Station.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.