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Binny Ltd (514215)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514215 NSE: Textile | Small Cap | Binny Share Price

₹145.50 0.00 (0.00%)

As on 08-Jul'24 16:01

Binny Ltd (514215)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514215 NSE: Textile | Small Cap | Binny Share Price

₹145.50 0.00 (0.00%)

As on 08-Jul'24 16:01

Key Metrics
Valuation Multiples
Market Cap
₹315 Cr.
Current Price
₹145.5
52-Week Low / High
₹138 / 152
TTM EPS
₹10.2
TTM Sales
₹159 Cr.
Book Value per Share
₹194.9
P/E Ratio
13.81
In line with its 5-year historical median
Industry PE
36.6
Price to Book (P/B)
0.72
Lower than its 5-year historical median
Price to Sales (P/S)
1.98
Lower than its 5-year historical median
EV/EBITDA
3.18
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
11.11%
Outperforms industry median
Return on Capital Employed (ROCE)
14.36%
Outperforms industry median
Return on Assets (ROA)
5.68%
Operating Profit Margin
69.5%
Net Profit Margin
56.05%
Gross Profit Margin
73.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
31.63%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
56.20%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹424 Cr.
Equity
₹11.2 Cr.
Face Value
₹5
All Time Low / High
₹1.00 / 453.80

Binny stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Binny Ltd a good quality company?
Binny Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Binny Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Binny Ltd vs industry peers?
Binny Ltd revenue CAGR is 15.28%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Binny Ltd?
Promoters hold 56.20% of the Binny Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Binny Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.1% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -1.9%135.9%10.4%6.1%12.5%10.5%15.6%27.9%-6.6%14.4%-
Value Creation
Index
-1.18.7-0.3-0.6-0.1-0.30.11.0-1.50.0-

Growth Parameters

Sales 0.145545.90.440.829.474.414563.183159
Sales YoY Gr.-9,10,540%-89.9%-99.2%11,225%-28%153.3%94.4%-56.4%31.6%-
Adj EPS -3.9125.23-6.7-8914.926.6-10.919.910.2
YoY Gr.-NA-97.6%-326.9%NANA65.3%78.1%-140.8%NA-
BVPS (₹) 26.7103.6122.7126118.6129.1147.3180.3174.6200.6194.9
Adj Net
Profit
-8.72806.6-15-17.820.233.359.4-24.244.423
Cash Flow from Ops. 11.39.6-12931.528.715.73167413.2-7.6-
Debt/CF from Ops. 1.822.3-2.810.511.81700.30-0.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 127.9%15.3%3.7%31.6%
Adj EPS NANA10%NA
BVPS25.1%11.1%10.9%14.9%
Share Price 4.7% 3.3% -19.6% 3.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-3.8110.42.2-4.6-5.56.39.515-5.910.55.2
Op. Profit
Mgn %
-11877.593.289.9-1174.883.465.479.368.8-63.369.569.5
Net Profit
Mgn %
-19231.861.414.5-4137.3-43.768.744.841.1-38.553.514.4
Debt to
Equity
0.10.91.31.21.30.900.1000
Working Cap
Days
50,42,8676478,00311,19,7339,99214,2945,0372,2574,9933,5642,623
Cash Conv.
Cycle
12,04,4881942,2883,00,7682,0713,4141,3891,0473,3612,6871,255

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales04554604129741456383
Operating Expenses + 53155710154510325
Manufacturing Costs0002020000
Material Costs0100137141217
Employee Cost 1222222592
Other Costs 4282143626817
Operating Profit -542441-434195999-4058
Operating Profit Margin (%) -11,877.5%93.2%89.6%-1,175.1%83.4%65.3%79.3%68.7%-63.3%69.5%
Other Income + 213154242421010143
Exceptional Items 0-000000000
Interest 5222346382816600
Depreciation 0000000411
Profit Before Tax -941534-938335399-2760
Tax 013627655122039-314
Profit After Tax -92797-15-18203359-2447
PAT Margin (%) -19,231.8%61.3%14.2%-4,135.7%-43.7%69.1%45.0%41.1%-38.5%56.1%
Adjusted EPS (₹)-3.9125.12.9-6.7-8.09.115.026.6-10.920.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Binny - 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 + 226280323330312333366426401448
Share Capital 128111111111111111111
Reserves 97269312319301322355414390437
Debt +821436033133826612014
Long Term Debt82143603313382661100
Short Term Debt00000001904
Minority Interest0000000000
Trade Payables0011710000
Others Liabilities 503390455443486573528497437347
Total Liabilities 7378851,1391,1051,1441,173895942838799

Fixed Assets

Net Fixed Assets +22222123332
Gross Block33333343955
Accumulated Depreciation0111112623
CWIP 0000000000
Investments 0200011100
Inventories298299299299298294287542619603
Trade Receivables0011211000
Cash Equivalents 1145765821
Others Assets 435581834798835870599359214194
Total Assets 7378851,1391,1051,1441,173895942838799

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1110-1293129163167413-8
PBT -941534-938335399-2760
Adjustment 71364-4-13611520
Changes in Working Capital 13-419-37421520267-15-12-68
Tax Paid -00-132-6-21-24-10-20-00
Cash Flow From Investing Activity + -103-00-0-1-35-03
Capex -1-00-0-0-0-1-35-10
Net Investments 002-0-0-0-0-013
Others 0010000000
Cash Flow From Financing Activity + -12-10127-30-31-14-315-33-193
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -70000000-0-0
Interest Paid -5-2-1-0-16-11-16-6-0-0
Dividend Paid 0000000000
Others 0-7129-30-15-3-300-27-193
Net Cash Flow -2-012-22-16-6-2

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-13.63192.022.59-5.42-6.537.3410.8516.24-6.1211.11
ROCE (%)-1.88135.9110.416.0512.5110.5315.5927.92-6.5714.36
Asset Turnover Ratio00.560.0500.040.030.070.160.070.1
PAT to CFO Conversion(x)N/A0.04-18.43N/AN/A0.89.581.25N/A-0.17
Working Capital Days
Receivable Days3,364.400.304.1090612.9017.504.50000
Inventory Days0239.502,376.6002,669.503,678.901,427.701,046.703,360.602,686.90
Payable Days0167.30469.7001,115.90411.3030.60000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *25.410.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Binny Ltd FAQs

The current trading 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 07-Jul-2024 the market cap of Binny stood at ₹314.6 Cr

The latest P/E ratio of Binny as of 07-Jul-2024 is 13.81.

The latest P/B ratio of Binny as of 07-Jul-2024 is 0.72.

The 52-week high of Binny is ₹152.2 and the 52-week low is ₹138.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Binny is ₹159 ( Cr.) .

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

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

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.

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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