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Bharati Defence & Infrastructure Ltd. Stock Analysis

Small Cap
Evaluated by 842 users | BSE: 532609 | NSE: BHARATIDIL |
Ship Building
Bharati Shipyard (BSL) was incorporated in 1976 with an intention to build a modern shipbuilding yard. The company started its journey as a partnership in 1968 among seven people. Later on the company was promoted by P C Kapoor and Vijay Kumar, naval architects from IIT Kharagpur.The...

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'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Return on Capital Employed 11.21%13.93%13.93%9.7%8.66%7.69%-3.33%-4.98%-13.25%-19.15%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2332063372547805901,29620038.758
Y-o-Y Gr. Rt.--11.6%63.8%-24.7%206.9%-24.4%119.9%-84.6%-80.6%49.9%
Adjusted EPS (Rs.) 32.5739.3352.7247.6737.431.88-121.69-127.01-172.58-217.03
Y-o-Y Gr. Rt.-20.8%34.1%-9.6%-21.5%-95%-6572.9%NANANA
Book Value per Share (Rs.) 104.22206.72252.11288.77313.59310.38141.67-40.61-212.89-590.24
Adjusted Net Profit 73.31081451381136-468-639-868-1,092
Net Op. Cash Flow (Rs. Cr.) 17249.5290-143-769-217-36672.8-19217.9
Debt to Cash Flow from Ops 3.238.723.46-16.05-4.57-17.83-14.5574.99-29.97411.81
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.
Bharati Defence & Infrastructure Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -14.3%-40.5%-64.5%49.9%
Adjusted EPS -223.5%-242.1%NANA
Book Value per Share -221.3-213.5-260.90
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Return on Equity (%) 34.4126.3422.717.7712.380.6-58.92-289.59141.2654.12
Operating Profit Margin (%) 54.6292.2281.11124.7659.9281.69-4.14-101.03-299.18-198.01
Net Profit Margin (%) 31.4552.6443.0954.314.551.01-36.09-319.92-2241.75-1880.94
Debt to Equity 2.370.761.442.743.73.939.76-26.72-5.36-2.48
Working Capital Days 6871,4542,3736,1922,1722,6731,55811,57456,04231,990
Cash Conversion Cycle 4699731,9045,1731,4551,4411,2019,13440,84520,975
Entity Percentage Holding
Promoters 40.58%
Institutions 6.61%
Non-Institutions 52.81%
Pledged *100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Bharati Shipyard (BSL) was incorporated in 1976 with an intention to build a modern shipbuilding yard. The company started its journey as a partnership in 1968 among seven people. Later on the company was promoted by P C Kapoor and Vijay Kumar, naval architects from IIT Kharagpur.

The company has emerged from developing inland cargo barges, to manufacturing deep-sea fishing trawlers and state-of-art dredgers, to ocean going tractor tugs, cargo/container ships, tankers, etc.

Bharati Shipyard (BSL) was incorporated in 1976 with an intention to build a modern shipbuilding yard. The company started its journey as a partnership in 1968 among seven people. Later on the company was promoted by P C Kapoor and Vijay Kumar, naval architects from IIT Kharagpur.

The company has emerged from developing inland cargo barges, to manufacturing deep-sea fishing trawlers and state-of-art dredgers, to ocean going tractor tugs, cargo/container ships, tankers, etc.

BSL has broadened its business activities by venturing into ship repairs and has obtained a ‘Dry Dock’ license issued by the Mumbai Port Trust to carry out afloat and dry docking repairs to hull and stern gears in the Trustees Docks.

The company’s manufacturing facilities are located at Ratnagiri, Ghodbunder, Kolkata and Goa. It operates a subsidiary -- Pinky Shipyard -- in which BSL holds a 51% stake.

In India, company has clientele namely Mumbai Port Trust, Calcutta Port Trust, Chennai Port Trust, Kandla Port Trust, Paradip Port Trust, The Great Eastern Shipping Company, Reliance Industries, Gujarat Maritime Board, Indian Navy Ministry of Surface Transport

Internationally, company caters to clients like Qatar Shipping Co, Cyprus Ports Authority, Al Jaber Est, Abu Dhabi, Halul Offshore Services, Qatar and Tartous Port General Company.

Bharati Shipyard and Apeejay Shipping have entered into a  50:50 joint venture agreement in order to set up large modern shipbuilding yard along the eastern coast of India.

Products

  • Stern Tugs - Azimuthal / Conventional
  • Tractor Tugs - Azimuthal / Cycloidal
  • Offshore Vessels - Supply / Support / Anchor Handling
  • Cargo Ships
  • Tankers
  • Dredgers
  • Special Purpose Vessels
  • Ferries / Passenger Vessels
  • Offshore Patrol Vessels

Achievements

  • Bharati Shipyard is the first Indian company which received an order for developing a 450 ft. Self Elevating Jack-up Drill Rig.
  • The company became one of the leading private sector shipyards in India to receive the largest for AHTSVs by European company -- Norwegian Offshore Shipping.
  • BSL became the first Indian company to receive a shipbuilding order from a South American group namely Up offshore (Bahamas). The company inked a contract with Great Offshore for construction and supply of one multipurpose offshore support vessel. This contract was valued at Rs. 266.32 crore.
  • The company is in the process of building greenfield shipyards at Dabhol and Mangalore with capacity to build vessels upto 100,000 DWT and 60,000 DWT respectively.

Future Plans

Bharati Shipyard also plans to augment its capacity for making ships up to 170 metre lengths, especially Handysize vessels in the size range of 150 to 170 meters of up to 25,000T DWT.

It also plans to develop a dry dock of 176 x 33 mts that would facilitate carrying out underwater work, besides accommodating larger Handysize vessels.

The company also proposes to increase its crane capacity to 120 m with a span of 50 m to cater to the increased capacity after the proposed expansion.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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