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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)

BSE: 514215 NSE:
Key Metrics
Market Cap
₹315 Cr.
P/E Ratio
13.81
Price to Book (P/B)
0.72
Price to Sales (P/S)
1.98
EV/EBITDA
3.18
Return on Capital Employed (ROCE)
14.36%
Current Price
₹145.5
Return on Equity (ROE)
11.11%
Return on Assets (ROA)
5.68%
Operating Profit Margin
69.5%
Net Profit Margin
56.05%
Gross Profit Margin
73.4%
Book Value per Share
₹194.9
Sales Growth (YoY)
31.63%
Sales Growth (3 Years)
3.73%
Operating Profit Growth (1 Year)
NA%
Operating Profit Growth (3 Years)
-0.73%
Net Profit Growth (1 Year)
NA%
52-Week Low / High
₹138 / 152
Net Profit Growth (3 Years)
11.6%
Dividend Yield
0.00%
Promoter Holding
56.20%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1 Stock return of Binny Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.3% based on the current price.
Q.1 Revenue growth of Binny Ltd?
Binny Ltd revenue growth is 31.6% for FY-2025, which is above its 5-year CAGR of 15.28%, indicating faster growth.
Q.1 Which industry/sub-sector does Binny Ltd belong to?
Binny Ltd belongs to the Textiles & Apparels sector, operating specifically within the Textile segment.
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 Revenue growth of Binny Ltd vs industry peers?
Binny Ltd revenue CAGR is 15.28%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.

DeciZen - make an informed investing decision on Binny

Based on:

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Weak

Binny stock performance

Key Ratios
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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 :

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'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

Growth Parameters Colour Code Guide

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

CAGR Colour Code Guide

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 3.3% 3.5% -20.7% 3.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

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

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 10.03%

Return on Equity has declined versus last 3 years average to 5.20%

Sales growth has been subdued in last 3 years 3.73%

Sales growth is not so good in last 4 quarters at -49.29%

Latest Financials

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 (₹) 138.00 / 152.25
All Time Low / High (₹) 1.00 / 453.80
Market Cap (₹ Cr.) 315
Equity (₹ Cr.) 11.2
Face Value (₹) 5
Industry PE 34.8

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 (%)

Valuation of Binny - Standalone Basis

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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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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%

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

Finance 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

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.) .

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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