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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|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||-1.2||4.7||-0.7||-0.8||-0.9||-0.5||-0.3||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|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||-14.8||0.9||-3.9||125.2||3||-6.7||-8||9||14.9||36.8|
|YoY Gr. Rt. %||-||-914.9%||NA||-543.2%||NA||-97.6%||-326.9%||NA||NA||65.3%||-|
|BVPS (₹) ⓘ||56.9||29.7||30.6||26.7||103.6||122.7||126||118.6||129.1||147.3||170.4|
|Adj Net Profit ⓘ||4.1||-32.9||2||-8.7||280||6.6||-15||-17.8||20.2||33.3||82|
|Cash Flow from Ops. ⓘ||-3.3||57.9||-10||11.3||9.6||-129||31.5||28.7||15.7||316||-|
|Debt/CF from Ops. ⓘ||-12.5||0||-2||1.8||22.3||-2.8||10.5||11.8||17||0||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||26.4%||-34.6%||NA||65.3%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||1.4||-12.5||0.8||-3.8||110.4||2.2||-4.6||-5.5||6.3||9.5||23.1|
|Op. Profit Mgn % ⓘ||56.1||16.4||60.8||-11877.5||93.2||89.9||-1174.8||83.4||65.4||79.3||82.7|
|Net Profit Mgn % ⓘ||51.1||-356.6||27.2||-19231.8||61.4||14.5||-4137.3||-43.7||68.7||44.8||53.2|
|Debt to Equity ⓘ||0.2||0||0.1||0.1||0.9||1.3||1.2||1.3||0.9||0||0|
|Working Cap Days ⓘ||1,323||878||13,374||50,42,867||647||8,003||11,19,733||9,992||14,294||5,037||1,596|
|Cash Conv. Cycle ⓘ||-407||-225||25||12,04,488||194||2,288||3,00,768||2,071||3,414||1,389||1,455|
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%
|TTM EPS (₹)||36.8||1.8|
|TTM Sales (₹ Cr.)||154||7.9|
|BVPS (₹.) ⓘ||170.4||0|
|Reserves (₹ Cr.) ⓘ||369||85|
|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|
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.