Binny Ltd Stock Analysis

BSE: 514215 | NSE: | Textile | Small Cap

BSE Share Price 02-Dec-2022 18:01
344.55 1.60 (0.47%)

DeciZen - Make an Informed Decision on Binny

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Binny Price Chart

P/E Ratio (SA) :
9.37
Market Cap :
769 Cr.
52-wk low :
165.8
52-wk high :
453.8
Bole Toh?

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 Fair zone.

3. Is Binny Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Binny Ltd is likely to Rise-somewhat 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 1.2%-6.1%1.5%-2.1%79.6%3.8%2.6%1.4%6.4%9.2%-
Value Creation Index -0.9-1.4-0.9-1.24.7-0.7-0.8-0.9-0.5-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7.99.27.20.145545.90.440.829.474.4154
YoY Gr. Rt. %-16.4%-21.7%-99.3%9,10,540%-89.9%-99.2%11,225%-28%153.3%-
Adj EPS 1.8-14.80.9-3.9125.23-6.7-8914.936.8
YoY Gr. Rt. %--914.9%NA-543.2%NA-97.6%-326.9%NANA65.3%-
BVPS (₹) 56.929.730.626.7103.6122.7126118.6129.1147.3170.4
Adj Net Profit 4.1-32.92-8.72806.6-15-17.820.233.382
Cash Flow from Ops. -3.357.9-1011.39.6-12931.528.715.7316-
Debt/CF from Ops. -12.50-21.822.3-2.810.511.8170-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 28.2%-30.4%491.1%153.3%
Adj EPS 26.4%-34.6%NA65.3%
BVPS 11.27.35.314
Share Price 27.4% 3.7% 62.7% 64.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1.4-12.50.8-3.8110.42.2-4.6-5.56.39.523.1
Op. Profit Mgn % 56.116.460.8-11877.593.289.9-1174.883.465.479.382.7
Net Profit Mgn % 51.1-356.627.2-19231.861.414.5-4137.3-43.768.744.853.2
Debt to Equity 0.200.10.10.91.31.21.30.900
Working Cap Days 1,32387813,37450,42,8676478,00311,19,7339,99214,2945,0371,596
Cash Conv. Cycle -407-2252512,04,4881942,2883,00,7682,0713,4141,3891,455

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.10%

Sales growth is growing at healthy rate in last 3 years 491.12%

Sales growth is good in last 4 quarters at 594.34%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Binny Ltd.

Standalone Consolidated
TTM EPS (₹) 36.8 1.8
TTM Sales (₹ Cr.) 154 7.9
BVPS (₹.) 170.4 0
Reserves (₹ Cr.) 369 85
P/BV 2.02 0.00
PE 9.37 197.65
From the Market
52 Week Low / High (₹) 165.80 / 453.80
All Time Low / High (₹) 1.00 / 453.80
Market Cap (₹ Cr.) 769
Equity (₹ Cr.) 11.2
Face Value (₹) 5
Industry PE 24.2

Management X-Ray of Binny :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *68.2968.2968.290.000.0025.4125.4125.4125.4125.41
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Binny

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Binny Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Binny on 02-Dec-2022 18:01 is : 344.6.
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 02-Dec-2022 18:01 the market cap of Binny stood at ₹ 769.0.
The latest PE ratio of Binny as of 02-Dec-2022 18:01 is 9.37.
The latest PB ratio of Binny as of 02-Dec-2022 18:01 is 2.02
The 52-week high of Binny is ₹ 453.8 and the 52-week low is ₹ 165.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Binny is ₹ 154.1 ( 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.

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