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Shri Bholanath Carpets Ltd. Stock Analysis

Small Cap
Evaluated by 6 users | BSE: 530841 | NSE: |
Textile
Bholanath International Ltd. was incepted in the year 1972. It is a public listed company producing handmade carpets & other floor coverings in India & exporting all over the world. Their integrated group & associated companies  have in- house facility of  design &...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 0.85%3.34%3.45%2.98%9.47%2.04%1.41%0.87%1.83%2.68%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2829.131.932.830.532.229.830.127.223.2
Y-o-Y Gr. Rt.-4.1%9.3%3.1%-7.1%5.5%-7.4%1.2%-9.6%-14.9%
Adjusted EPS (Rs.) -0.290.390.40.160.090.060.13-0.190.20.49
Y-o-Y Gr. Rt.-NA2.6%-60%-43.8%-33.3%116.7%-246.2%NA145%
Book Value per Share (Rs.) 25.4525.8426.2426.3926.4826.5725.7425.8126.0126.33
Adjusted Net Profit -0.10.20.20.1000.1-0.10.10.2
Net Op. Cash Flow (Rs. Cr.) 00-4.20.42.9-100-0.4-1.1
Debt to Cash Flow from Ops 00-2.7728.194.24-7.830-522.51-23.5-9.23
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Shri Bholanath Carpets Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -2.1%-5.4%-8%-14.9%
Adjusted EPS NA40.3%55.6%145%
Book Value per Share 0.4-0.10.81.2
Share Price -2.9% -4.3% -6.1% -9.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -1.151.521.520.60.330.230.5-0.740.781.87
Operating Profit Margin (%) 1.50.374.233.976.591.381.290.521.913.39
Net Profit Margin (%) -0.50.640.60.230.140.090.21-0.30.351.01
Debt to Equity 0.830.720.930.930.970.630.780.750.810.77
Working Capital Days 356329304308324287271264312421
Cash Conversion Cycle 168117121144185190205208213252
Entity Percentage Holding
Promoters 50.68%
Institutions 2.16%
Non-Institutions 47.16%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Shri Bholanath Carpets Ltd.'s performance infers:

Shri Bholanath Carpets Ltd. earnings have grown by 40.3%, whereas share price has depreciated -4.3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Shri Bholanath Carpets Ltd. share prices over the last 10 years. Here is what we found out:

Shri Bholanath Carpets Ltd. share price has depreciated -1.1% annually over the past ten years.

Bholanath International Ltd. was incepted in the year 1972. It is a public listed company producing handmade carpets & other floor coverings in India & exporting all over the world. Their integrated group & associated companies  have in- house facility of  design & product development, yarn spinning, map making, dyeing, weaving, tufting, washing, finishing & final packing. It has been a leading company in carpet industry since its inception.

The company

Bholanath International Ltd. was incepted in the year 1972. It is a public listed company producing handmade carpets & other floor coverings in India & exporting all over the world. Their integrated group & associated companies  have in- house facility of  design & product development, yarn spinning, map making, dyeing, weaving, tufting, washing, finishing & final packing. It has been a leading company in carpet industry since its inception.

The company initially started with the manufacture and export of carpets and subsequently covered all items of floor covering i.e. dhurries, rag-rugs, jute mats, rubber mats, etc. Through its own R & D efforts concentration in developing own designs colours & colour combination inhouse facilities it has established its place in the International market due to exclusiveness of its product range with more than 100 customers in 23 countries to its strength.

Product range of the company includes:

  • Persian & Tibetan hand knotted floor coverings
  • Hand woven, flat weaved shaggy & kid rug -using jute, cotton, wool, alpaca, silk, viscose, polyester & rayon, in their vast range of products.
  • Custom made carpet
  • Hand made carpet
  • Hand knotted rugs
  • Rug exporters
  • Durries suppliers
  • Floor covering

Achievements/ recognition :

  • Woolmark  - The mark of pure wool products
  • ISO 9001: 2000 Quality Management System
  • ISO 14001: 2004 Environmental Management System
  • SA 8000 : 2001 Social Accountability Management System
  • Created first colour concept in the Indian Carpet industry, known as 'Bholanath Colour Concept' in 1978
  • Received several awards from Government of India & other reputed organizations for highest export growth, best carpet, best stall at trade fairs , best design, etc.
  • Launched  all India competition of carpet design based on Indian themes, which were later adopted on a grand scale by UNDP
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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