Bhilwara Spinners Ltd Stock Analysis

BSE: 514272 | NSE: | Trading | Small Cap

BSE Share Price 30-Jan-2023 18:02
40.35 -1.65 (-3.93%)

DeciZen - Make an Informed Decision on Bhilwara Spinners

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Bhilwara Spinners Price Chart

P/E Ratio ( SA) :
17.09
Market Cap :
28.4 Cr.
52-wk low :
24.8
52-wk high :
49.1
Bole Toh?

1. Is Bhilwara Spinners Ltd a good quality company?

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

2. Is Bhilwara Spinners Ltd undervalued or overvalued?

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

3. Is Bhilwara Spinners Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bhilwara Spinners 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 Bhilwara Spinners:

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.
Bhilwara Spinners 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 1.4%2.2%5.5%5.3%1.8%4.1%1.8%3.1%4%2.3%-
Value Creation Index -0.9-0.8-0.6-0.6-0.9-0.7-0.9-0.8-0.7-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1.82.80.22.94.95.42.16.922.71
YoY Gr. Rt. %-56.1%-92.5%1,290.5%66.1%10.3%-60.6%225.6%-71.3%36%-
Adj EPS 0.10.20.50.70.30.70.40.91.30.82.5
YoY Gr. Rt. %-54.6%205.9%34.6%-57.1%133.3%-44.3%130.8%44.4%-38.5%-
BVPS (₹) 88.110.915.518.219.326.632.333.93637.2
Adj Net Profit 0.10.10.40.50.20.50.30.60.90.52
Cash Flow from Ops. -0.7-0.4-0.8-5.1-2.3-1.5-7.8-4.34.4-1.9-
Debt/CF from Ops. 0000-0.3-0.70000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.5%-11.2%8.3%36%
Adj EPS 24.7%21.7%27.1%-38.5%
BVPS 18.314.610.66.1
Share Price 24.2% 27.5% 75.2% -14.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1.42.25.55.31.83.71.73.13.92.36.7
Op. Profit Mgn % -4.6-3.4-73.2-12.8-19.2-4-50.7-9.6-23.4-13.6-30
Net Profit Mgn % 4.24.2168.316.24.18.812.58.844.620.2216
Debt to Equity 00000.10.100000
Working Cap Days 1,06473311,1411,1309159432,8391,0193,2942,1970
Cash Conv. Cycle 4831871,6532911539-681396234310

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.70%

Net Profit is growing at healthy rate in last 3 years 27.06%

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -57.07%

Latest Financials - Bhilwara Spinners Ltd.

Standalone Consolidated
TTM EPS (₹) 2.5 -
TTM Sales (₹ Cr.) 0.8 -
BVPS (₹.) 37.2 -
Reserves (₹ Cr.) 18 -
P/BV 1.13 -
PE 17.09 -
From the Market
52 Week Low / High (₹) 24.75 / 49.10
All Time Low / High (₹) 1.05 / 67.50
Market Cap (₹ Cr.) 28.4
Equity (₹ Cr.) 6.8
Face Value (₹) 10
Industry PE 74.5

Management X-Ray of Bhilwara Spinners :

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 Bhilwara Spinners

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Bhilwara Spinners Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bhilwara Spinners on 30-Jan-2023 18:02 is : 40.35.
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 30-Jan-2023 18:02 the market cap of Bhilwara Spinners stood at ₹ 28.40.
The latest PE ratio of Bhilwara Spinners as of 30-Jan-2023 18:02 is 17.09.
The latest PB ratio of Bhilwara Spinners as of 30-Jan-2023 18:02 is 1.13
The 52-week high of Bhilwara Spinners is ₹ 49.10 and the 52-week low is ₹ 24.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Bhilwara Spinners is ₹ 0.77 ( Cr.) .

About Bhilwara Spinners Ltd

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.

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