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About
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
35.5
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%
Profitability Efficiency
Return on Equity (ROE)
7.73%
Outperforms industry median
Return on Capital Employed (ROCE)
10.93%
Outperforms industry median
Return on Assets (ROA)
4.41%
Operating Profit Margin
71.1%
Net Profit Margin
54.95%
Gross Profit Margin
78.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-21.06%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-19.23%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-22.61%
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
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
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?
Revenue growth of Binny Ltd vs industry peers?
Binny Ltd revenue CAGR is 17.41%, compared to the industry median CAGR of 0.83%, indicating faster growth and gaining its market share.
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.
Stock return of Binny Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.9% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 135.9% | 10.4% | 6.1% | 12.5% | 10.5% | 15.6% | 27.9% | -6.6% | 14.4% | 10.9% | - |
| Value Creation Index ⓘ | 8.7 | -0.3 | -0.6 | -0.1 | -0.3 | 0.1 | 1.0 | -1.5 | 0.0 | -0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 455 | 45.9 | 0.4 | 40.8 | 29.4 | 74.4 | 145 | 63.1 | 83 | 65.5 | 159 |
| Sales YoY Gr. | - | -89.9% | -99.2% | 11,225% | -28% | 153.3% | 94.4% | -56.4% | 31.6% | -21.1% | - |
| Adj EPS ⓘ | 125.2 | 3 | -6.7 | -8 | 9 | 14.9 | 26.6 | -10.9 | 19.9 | 15.7 | 10.2 |
| YoY Gr. | - | -97.6% | -326.9% | NA | NA | 65.3% | 78.1% | -140.8% | NA | -21.3% | - |
| BVPS (₹) ⓘ | 103.6 | 122.7 | 126 | 118.6 | 129.1 | 147.3 | 180.3 | 174.6 | 200.6 | 216.9 | 194.9 |
| Adj Net Profit ⓘ | 280 | 6.6 | -15 | -17.8 | 20.2 | 33.3 | 59.4 | -24.2 | 44.4 | 35 | 23 |
| Cash Flow from Ops. ⓘ | 9.6 | -129 | 31.5 | 28.7 | 15.7 | 316 | 74 | 13.2 | -7.6 | 2.3 | - |
| Debt/CF from Ops. ⓘ | 22.3 | -2.8 | 10.5 | 11.8 | 17 | 0 | 0.3 | 0 | -0.5 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -19.4% | 17.4% | -23.2% | -21.1% | ||||
| Adj EPS ⓘ | -20.6% | 11.6% | -16.2% | -21.3% | ||||
| BVPSⓘ | 8.6% | 10.9% | 6.3% | 8.1% | ||||
| Share Price | 4.9% | -13.9% | -15.1% | 3.2% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 110.4 | 2.2 | -4.6 | -5.5 | 6.3 | 9.5 | 15 | -5.9 | 10.5 | 7.5 | 5 |
| Op. Profit Mgn % ⓘ | 93.2 | 89.9 | -1174.8 | 83.4 | 65.4 | 79.3 | 68.8 | -63.3 | 69.5 | 71.1 | 72.5 |
| Net Profit Mgn % ⓘ | 61.4 | 14.5 | -4137.3 | -43.7 | 68.7 | 44.8 | 41.1 | -38.5 | 53.5 | 53.4 | 14.4 |
| Debt to Equity ⓘ | 0.9 | 1.3 | 1.2 | 1.3 | 0.9 | 0 | 0.1 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 647 | 8,003 | 11,19,733 | 9,992 | 14,294 | 5,037 | 2,257 | 4,993 | 3,564 | 4,534 | 794 |
| Cash Conv. Cycle ⓘ | 194 | 2,288 | 3,00,768 | 2,071 | 3,414 | 1,389 | 1,047 | 3,361 | 2,687 | 3,768 | 438 |
Valuation of Binny - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 455 | 46 | 0 | 41 | 29 | 74 | 145 | 63 | 83 | 66 |
| Operating Expenses ⓘ + | 31 | 5 | 5 | 7 | 10 | 15 | 45 | 103 | 25 | 19 |
| Operating Profit ⓘ | 424 | 41 | -4 | 34 | 19 | 59 | 99 | -40 | 58 | 47 |
| Operating Profit Margin (%) | 93.2% | 89.6% | -1,175.1% | 83.4% | 65.3% | 79.3% | 68.7% | -63.3% | 69.5% | 71.1% |
| Other Income ⓘ + | 13 | 15 | 42 | 42 | 42 | 10 | 10 | 14 | 3 | 5 |
| Interest ⓘ | 22 | 23 | 46 | 38 | 28 | 16 | 6 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 1 | 1 | 0 |
| Profit Before Tax ⓘ | 415 | 34 | -9 | 38 | 33 | 53 | 99 | -27 | 60 | 51 |
| Tax ⓘ | 136 | 27 | 6 | 55 | 12 | 20 | 39 | -3 | 14 | 15 |
| Profit After Tax | 279 | 7 | -15 | -18 | 20 | 33 | 59 | -24 | 47 | 36 |
| PAT Margin (%) | 61.3% | 14.2% | -4,135.7% | -43.7% | 69.1% | 45.0% | 41.1% | -38.5% | 56.1% | 55.0% |
| Adjusted EPS (₹) | 125.1 | 2.9 | -6.7 | -8.0 | 9.1 | 15.0 | 26.6 | -10.9 | 20.8 | 16.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 280 | 323 | 330 | 312 | 333 | 366 | 426 | 401 | 448 | 484 | |
| Debt + | 214 | 360 | 331 | 338 | 266 | 1 | 20 | 1 | 4 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 0 | 1 | 1 | 7 | 1 | 0 | 0 | 0 | 0 | 0 | |
| Others Liabilities ⓘ | 390 | 455 | 443 | 486 | 573 | 528 | 497 | 437 | 347 | 349 | |
| Total Liabilities ⓘ | 885 | 1,139 | 1,105 | 1,144 | 1,173 | 895 | 942 | 838 | 799 | 833 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 2 | 2 | 2 | 2 | 1 | 2 | 33 | 3 | 2 | 1 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 2 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | |
| Inventories | 299 | 299 | 299 | 298 | 294 | 287 | 542 | 619 | 603 | 750 | |
| Trade Receivables | 0 | 1 | 1 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | |
| Cash Equivalents | 1 | 4 | 5 | 7 | 6 | 5 | 8 | 2 | 1 | 1 | |
| Others Assets ⓘ | 581 | 834 | 798 | 835 | 870 | 599 | 359 | 214 | 194 | 81 | |
| Total Assets ⓘ | 885 | 1,139 | 1,105 | 1,144 | 1,173 | 895 | 942 | 838 | 799 | 833 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 10 | -129 | 31 | 29 | 16 | 316 | 74 | 13 | -8 | 2 |
| Cash Flow From Investing Activity ⓘ + | 0 | 3 | -0 | 0 | -0 | -1 | -35 | -0 | 3 | 2 |
| Cash Flow From Financing Activity ⓘ + | -10 | 127 | -30 | -31 | -14 | -315 | -33 | -19 | 3 | -4 |
| Net Cash Flow ⓘ | -0 | 1 | 2 | -2 | 2 | -1 | 6 | -6 | -2 | 0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 192.02 | 2.59 | -5.42 | -6.53 | 7.34 | 10.85 | 16.24 | -6.12 | 11.11 | 7.73 |
| ROCE (%) | 135.91 | 10.41 | 6.05 | 12.51 | 10.53 | 15.59 | 27.92 | -6.57 | 14.36 | 10.93 |
| Asset Turnover Ratio | 0.56 | 0.05 | 0 | 0.04 | 0.03 | 0.07 | 0.16 | 0.07 | 0.1 | 0.08 |
| PAT to CFO Conversion(x) | 0.04 | -18.43 | N/A | N/A | 0.8 | 9.58 | 1.25 | N/A | -0.17 | 0.06 |
| Working Capital Days | ||||||||||
| Receivable Days | 0.30 | 4.10 | 906 | 12.90 | 17.50 | 4.50 | 0 | 0 | 0 | 0 |
| Inventory Days | 239.50 | 2,376.60 | 0 | 2,669.50 | 3,678.90 | 1,427.70 | 1,046.70 | 3,360.60 | 2,686.90 | 3,768.40 |
| Payable Days | 167.30 | 469.70 | 0 | 1,115.90 | 411.30 | 30.60 | 0 | 0 | 0 | 0 |
Top 5 Mutual Funds Holding
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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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