Shri Bholanath Carpets Ltd - Stock Valuation and Financial Performance

BSE: 530841 | NSE: | Textile | Small Cap

Shri BholanathCarpet Share Price

18.70 0.00 0.00%
as on 04-Nov'22 18:01

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Shri Bholanath Carpets stock performance -

mw4me loader
P/E Ratio (SA):
218.93
Market Cap:
9 Cr.
52-wk low:
18.7
52-wk high:
18.7

Is Shri Bholanath Carpets Ltd an attractive stock to invest in?

1. Is Shri Bholanath Carpets Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shri Bholanath Carpets Ltd is a below average quality company.

2. Is Shri Bholanath Carpets Ltd undervalued or overvalued?

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

3. Is Shri Bholanath Carpets Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shri Bholanath Carpets Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shri BholanathCarpet:

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.
Shri Bholanath Carpets Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.5%2%1.4%0.9%1.8%2.7%3.8%4.5%3.1%4%-
Value Creation
Index
-0.3-0.9-0.9-0.9-0.9-0.8-0.7-0.7-0.8-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 30.532.229.830.127.223.220.218.117.217.416
Sales YoY Gr.-5.5%-7.4%1.2%-9.6%-14.9%-13%-10.4%-4.7%1.1%-
Adj EPS 0.10.10.1-0.20.20.50.30.1-0.20.10.1
YoY Gr.--33.3%116.7%-246.2%NA145%-38.8%-63.3%-300%NA-
BVPS (₹) 26.526.625.725.82626.326.626.726.92726.8
Adj Net
Profit
000.1-0.10.10.20.20.1-0.100
Cash Flow from Ops. 2.9-100-0.4-1.10-0.300-
Debt/CF from Ops. 4.2-7.80-522.5-23.5-9.2-347.1-41.800-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -6%-8.6%-4.8%1.1%
Adj EPS -2.8%-18.9%-38.4%NA
BVPS0.2%0.8%0.5%0.7%
Share Price 9.3% 21.1% 40.1% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.30.20.5-0.70.81.91.20.4-0.80.30.3
Op. Profit
Mgn %
6.61.41.30.51.93.45.886.76.86.4
Net Profit
Mgn %
0.10.10.2-0.30.410.70.3-0.60.20.3
Debt to
Equity
10.60.80.80.80.80.910.90.80.2
Working Cap
Days
324287271264312421493528575573240
Cash Conv.
Cycle
185190205208213252288320296274108

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.87

Return on Equity has declined versus last 3 years average to 0.30%

Sales growth has been subdued in last 3 years -9.42%

Net Profit has been subdued in last 3 years -45.34%

Sales growth is not so good in last 4 quarters at -12.41%

Latest Financials - Shri Bholanath Carpets Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 0.1
TTM Sales (₹ Cr.) 16 30.1
BVPS (₹.) 26.8 26.7
Reserves (₹ Cr.) 8 8
P/BV 0.70 0.70
PE 218.93 260.43
From the Market
52 Week Low / High (₹) 18.70 / 18.70
All Time Low / High (₹) 1.15 / 29.00
Market Cap (₹ Cr.) 9
Equity (₹ Cr.) 4.8
Face Value (₹) 10
Industry PE 27.9

Management X-Ray of Shri BholanathCarpet:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shri BholanathCarpet

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales30.5032.1729.7830.1327.2423.1720.1618.0617.2217.41
Operating Expenses 28.4931.7229.4129.9726.7222.5118.9916.6216.0816.24
Manufacturing Costs1.421.611.482.111.561.611.651.171.911.92
Material Costs26.0628.7926.6926.3723.7219.3515.6714.3212.8413.42
Employee Cost 0.240.100.110.200.310.230.230.270.300.31
Other Costs 0.771.231.121.291.131.331.430.861.020.59
Operating Profit 2.010.440.370.160.520.661.171.441.151.18
Operating Profit Margin (%) 6.6%1.4%1.2%0.5%1.9%2.8%5.8%8.0%6.7%6.8%
Other Income 1.710.500.260.540.270.160.230.230.260.36
Interest 3.290.630.340.400.440.521.051.491.241.32
Depreciation 0.400.280.210.210.220.080.150.110.100.10
Exceptional Items 0000000000
Profit Before Tax 0.040.040.080.080.130.210.210.080.080.12
Tax -0.010.010.030.050.030.060.060.030.020.03
Profit After Tax 0.040.030.050.030.100.150.150.050.060.09
PAT Margin (%) 0.1%0.1%0.2%0.1%0.4%0.6%0.7%0.3%0.3%0.5%
Adjusted EPS (₹)0.10.10.10.10.20.30.30.10.10.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 12.7112.7612.3612.3912.4912.6412.7812.8312.8912.98
Share Capital 4.804.804.804.804.804.804.804.804.804.80
Reserves 7.917.967.567.597.697.847.988.038.098.18
Minority Interest0000000000
Debt12.398.089.609.2610.129.7610.8612.1611.2010.67
Long Term Debt0.090.090000.870.361.643.583.10
Short Term Debt12.307.999.609.2610.128.8910.5010.527.627.57
Trade Payables7.305.532.713.795.286.394.315.496.605.93
Others Liabilities 1.712.151.441.803.935.271.451.681.572.29
Total Liabilities 34.1128.5226.1127.2431.8234.0629.4032.1632.2631.87

Fixed Assets

Gross Block9.229.299.299.359.439.499.499.509.529.54
Accumulated Depreciation6.346.606.817.027.247.327.477.587.687.77
Net Fixed Assets2.882.682.482.332.192.162.021.921.841.76
CWIP 0000000000
Investments 2.152.152.152.152.152.142.142.142.142.14
Inventories11.6510.8410.2710.149.5710.0110.2311.0111.079.80
Trade Receivables13.25119.6910.9510.5613.879.2011.108.6011.05
Cash Equivalents 1.890.260.600.133.590.140.360.731.420.13
Others Assets2.291.580.921.543.755.735.465.277.186.99
Total Assets 34.1128.5226.1127.2431.8234.0629.4032.1632.2631.87

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2.92-1.030-0.02-0.43-1.06-0.03-0.2900
PBT 0.040.0400.090.130.210.200.0800
Adjustment 3.510.8101.040.210.36-0.030.6200
Changes in Working Capital -0.54-1.810-1.06-0.75-1.55-0.2-1.0400
Tax Paid -0.08-0.070-0.09-0.07-0.070000
Cash Flow From Investing Activity 0.01-0.060-0.45-0.080.110.26-0.0300
Capex -0.09-0.060-0.05-0.08-0.05-0.02-0.0100
Net Investments 000000.010000
Others 0.090.010-0.4000.150.28-0.0200
Cash Flow From Financing Activity -2.46-0.54003.97-2.50-0.190.6900
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.66000000000
Interest Paid -3.12-0.54000-0.43-0.92-0.8300
Dividend Paid 0000000000
Others 00003.97-2.070.731.5300
Net Cash Flow 0.47-1.630-0.473.46-3.440.040.3700
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.330.230.420.280.781.191.150.40.440.68
ROCE (%)13.422.911.982.232.593.275.446.445.356.03
Asset Turnover Ratio0.91.031.091.130.920.70.640.590.530.54
PAT to CFO Conversion(x)73-34.330-0.67-4.3-7.07-0.2-5.800
Working Capital Days
Receivable Days147138127125144192209205209206
Inventory Days128128129124132154183215234219
Payable Days10381564570110125125172170

Shri Bholanath Carpets Ltd Stock News

Shri Bholanath Carpets Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shri BholanathCarpet on 04-Nov-2022 18:01 is ₹18.70.
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 04-Nov-2022 18:01 the market cap of Shri BholanathCarpet stood at ₹8.98.
The latest P/E ratio of Shri BholanathCarpet as of 04-Nov-2022 18:01 is 218.9.
The latest P/B ratio of Shri BholanathCarpet as of 04-Nov-2022 18:01 is 0.70.
The 52-week high of Shri BholanathCarpet is ₹18.70 and the 52-week low is ₹18.70.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shri BholanathCarpet is ₹16.00 ( Cr.) .

About Shri Bholanath Carpets Ltd

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
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