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Bhilwara Spinners Ltd. Stock Analysis

Small Cap
Evaluated by 124 users | BSE: 514272 | NSE: |
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Bhilwara Spinners, the flagship company of LNJ Bhilwara Group, was originally incorporated under the name of Bhilwara Texturisers Private limited on June 7,1980. Further, the company’s name was changed to Bhilwara Private Limited on  December 17,1981and it was again changed to...

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 -29.1%0.14%3.46%1.43%2.21%5.47%5.26%1.75%4.07%1.82%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 7.31.43.11.82.80.22.94.95.42.1
Y-o-Y Gr. Rt.--81.6%129.6%-41.9%56.1%-92.5%1290.5%66.1%10.3%-60.6%
Adjusted EPS (Rs.) -8.660.010.270.110.170.520.70.30.70.39
Y-o-Y Gr. Rt.-NA2600%-59.3%54.6%205.9%34.6%-57.1%133.3%-44.3%
Book Value per Share (Rs.) 7.567.577.847.958.1310.8715.5218.1919.326.62
Adjusted Net Profit -5.900.20.10.10.40.50.20.50.3
Net Op. Cash Flow (Rs. Cr.) -3-0.7-0.5-0.7-0.4-0.8-5.1-2.3-1.5-7.8
Debt to Cash Flow from Ops 0000000-0.33-0.650
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.
Bhilwara Spinners Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -12.9%-5.6%-10.3%-60.6%
Adjusted EPS NA18.1%-17.7%-44.3%
Book Value per Share 1526.819.737.9
Share Price 10.2% 9.7% 17.4% 95.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -103.540.143.461.412.165.475.261.753.731.7
Operating Profit Margin (%) -82.88-20.74-3.38-4.64-3.4-73.19-12.83-19.22-4-50.73
Net Profit Margin (%) -79.960.525.844.224.19168.2916.164.118.8312.48
Debt to Equity 00000000.060.070
Working Capital Days 3301,1285651,06473311,1411,1309159432,839
Cash Conversion Cycle 813283134831871,6532911539-68
Entity Percentage Holding
Promoters 49.51%
Institutions 1.63%
Non-Institutions 48.86%
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 Bhilwara Spinners Ltd.'s performance infers:

Bhilwara Spinners Ltd. earnings have grown by 18.1%, whereas share price has appreciated 9.7% 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 Bhilwara Spinners Ltd. share prices over the last 10 years. Here is what we found out:

Bhilwara Spinners Ltd. share price has appreciated -0.9% annually over the past ten years.

Bhilwara Spinners, the flagship company of LNJ Bhilwara Group, was originally incorporated under the name of Bhilwara Texturisers Private limited on June 7,1980. Further, the company’s name was changed to Bhilwara Private Limited on  December 17,1981and it was again changed to Bhilwara Spinners Private limited on  February 11,1983.

The company is into the manufacturing synthetic blended yarn in raw white. The range of the yarn includes, 100% Polyester, Viscose, Acrylic,

Bhilwara Spinners, the flagship company of LNJ Bhilwara Group, was originally incorporated under the name of Bhilwara Texturisers Private limited on June 7,1980. Further, the company’s name was changed to Bhilwara Private Limited on  December 17,1981and it was again changed to Bhilwara Spinners Private limited on  February 11,1983.

The company is into the manufacturing synthetic blended yarn in raw white. The range of the yarn includes, 100% Polyester, Viscose, Acrylic, Polyester/Viscose blended, Polyester/Acrylic blended, Polyester/Viscose blended, Polyester/Linen blended,Viscose/Linen blended, High Twist / Super High Twist, Slub/ Spun yarn, Blended with Texturised, Special Application yarns for Carpet, Sewing Thread, Flame and Temperature Resistance yarn like Aramide, Modacrylic, Homo Acrylic, Poly Sulphide yarn (PPA).

Bhilwara Spinners Limited is an integral part of the LNJ Bhilwara Group. The Group is a multi-product conglomerate with a global presence and business interests spanning diverse industries like Textiles, Power Generation, Graphite Electrodes and IT enabled services.

Bhilwara Spinners, based at Bhilwara (Rajasthan), is engaged in the manufacture of cotton yarn, mercerised cotton yarn, synthetic blended yarn, hosiery yarn, and sewing threads in cotton and synthetics with an installed capacity of 29,536 spindles and 672 Rotors at its plant.

Based on the requirement of the market, Bhilwara Spinners diversified its product portfolio and now producing various value added product mix like Polyester / Acrylic, mod acrylic flame retardant yarn, Sewing thread, Slub yarn, Viscose Carpet Yarn, Linen Yarn etc. The unit is also manufacturing products suitable for other uses like upholstery, tapestry, and industrial fabrics.

The company also exports its products to more than 28 countries with major presence in Europe, Latin America, Middle East, Africa and the Far East.

The company is one of the biggest Export House of all kinds of Synthetic Ring Spun Yarns. It already has a very strong presence in markets like Europe, Latin America, Middle East, Africa and Far East and exportd 50% of its volume to these markets. 

Future plans

The company is planning to expand its operations in France.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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