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BSE: 544249 | NSE: BALAJEE | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shree Tirupati Balajee Agro Trading Company Ltd is a below average quality company.
The key valuation ratios of Shree Tirupati Balajee Agro Trading Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shree Tirupati Balajee Agro Trading Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.5% | 13.8% | 12% | 17.3% | 13.6% | 9.6% | 8.3% | 9.3% | 11% | 14.6% | - |
| Value Creation Index ⓘ | -0.1 | 0.0 | -0.2 | 0.2 | 0.0 | -0.3 | -0.4 | -0.3 | -0.2 | 0.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 188 | 201 | 218 | 274 | 322 | 310 | 301 | 354 | 346 | 359 | 359 |
| Sales YoY Gr. | - | 7.3% | 8.2% | 25.9% | 17.2% | -3.6% | -2.7% | 17.4% | -2.1% | 3.6% | - |
| Adj EPS ⓘ | 0.2 | 0.2 | 0.3 | 0.5 | 0.5 | 0.7 | 0.5 | 0.7 | 1.6 | 2 | 2.1 |
| YoY Gr. | - | -4.4% | 13.6% | 84% | 15.2% | 30.2% | -21.7% | 37% | 113.5% | 27.2% | - |
| BVPS (₹) ⓘ | 2.6 | 2.9 | 3.1 | 3.6 | 4.1 | 9.6 | 10.4 | 11.4 | 12.4 | 18.5 | 35.3 |
| Adj Net Profit ⓘ | 2.2 | 2.1 | 2.3 | 4.3 | 4.9 | 4 | 3.1 | 4.3 | 9.3 | 13.4 | 17 |
| Cash Flow from Ops. ⓘ | 15.1 | 15.1 | -1.4 | -4.1 | -9.2 | 8.6 | 3.3 | -14.7 | 23.3 | -13.4 | - |
| Debt/CF from Ops. ⓘ | 2.6 | 3.3 | -42.9 | -17.6 | -10.1 | 10.8 | 35.1 | -10.6 | 6.2 | -10.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.5% | 2.2% | 6% | 3.6% | ||||
| Adj EPS ⓘ | 27.2% | 30.6% | 55% | 27.2% | ||||
| BVPSⓘ | 24.3% | 35.2% | 21.4% | 49.1% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.3 | 8.2 | 8.4 | 13.9 | 13.7 | 8.5 | 5.4 | 6.8 | 13.4 | 13.6 | 7.8 |
| Op. Profit Mgn % ⓘ | 5.3 | 5.8 | 5.6 | 6.9 | 5.8 | 5.2 | 4.9 | 5.8 | 8 | 9 | NAN |
| Net Profit Mgn % ⓘ | 1.2 | 1 | 1.1 | 1.6 | 1.5 | 1.3 | 1 | 1.2 | 2.7 | 3.7 | 4.8 |
| Debt to Equity ⓘ | 1.7 | 1.9 | 2.1 | 2.2 | 2.4 | 1.7 | 1.9 | 2.3 | 2 | 1.1 | - |
| Working Cap Days ⓘ | 126 | 131 | 140 | 148 | 157 | 189 | 210 | 184 | 193 | 218 | 0 |
| Cash Conv. Cycle ⓘ | 72 | 56 | 51 | 56 | 78 | 121 | 129 | 125 | 154 | 173 | 0 |
Net Profit is growing at healthy rate in last 3 years 54.98%
Debt to equity has declined versus last 3 years average to 1.14
Return on Equity has declined versus last 3 years average to 7.80%
Sales growth has been subdued in last 3 years 5.98%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.1 | 3.6 |
| TTM Sales (₹ Cr.) | 359 | 540 |
| BVPS (₹.) ⓘ | 35.3 | 41.3 |
| Reserves (₹ Cr.) ⓘ | 206 | 255 |
| P/BV ⓘ | 2.39 | 2.04 |
| PE ⓘ | 39.89 | 23.48 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 82.01 / 102.41 |
| All Time Low / High (₹) | 85.82 / 102.41 |
| Market Cap (₹ Cr.) | 688 |
| Equity (₹ Cr.) | 81.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 41.7 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 188 | 201 | 218 | 274 | 322 | 310 | 301 | 354 | 346 | 359 |
| Operating Expenses ⓘ | 178 | 190 | 206 | 255 | 303 | 294 | 287 | 333 | 319 | 327 |
| Manufacturing Costs | 8 | 10 | 10 | 13 | 13 | 13 | 12 | 42 | 41 | 34 |
| Material Costs | 151 | 159 | 172 | 191 | 208 | 207 | 226 | 263 | 249 | 263 |
| Employee Cost | 7 | 8 | 11 | 17 | 20 | 20 | 13 | 15 | 15 | 14 |
| Other Costs ⓘ | 10 | 12 | 13 | 35 | 61 | 54 | 36 | 14 | 14 | 15 |
| Operating Profit ⓘ | 10 | 12 | 12 | 19 | 19 | 16 | 15 | 20 | 27 | 32 |
| Operating Profit Margin (%) | 5.3% | 5.8% | 5.6% | 6.9% | 5.8% | 5.2% | 4.8% | 5.7% | 7.8% | 9.0% |
| Other Income ⓘ | 0 | 0 | 0 | 1 | 0 | 0 | 2 | 2 | 1 | 6 |
| Interest ⓘ | 5 | 6 | 6 | 10 | 9 | 8 | 8 | 11 | 12 | 12 |
| Depreciation ⓘ | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 3 | 4 | 7 | 7 | 5 | 6 | 8 | 12 | 23 |
| Tax ⓘ | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 3 | 6 |
| Profit After Tax | 2 | 2 | 2 | 4 | 5 | 4 | 4 | 6 | 9 | 17 |
| PAT Margin (%) | 1.1% | 1.0% | 1.1% | 1.6% | 1.5% | 1.3% | 1.4% | 1.7% | 2.5% | 4.8% |
| Adjusted EPS (₹) | 0.2 | 0.2 | 0.3 | 0.5 | 0.5 | 0.7 | 0.7 | 1.0 | 1.5 | 2.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 24 | 26 | 29 | 33 | 38 | 56 | 61 | 66 | 73 | 124 |
| Share Capital ⓘ | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 67 |
| Reserves ⓘ | 22 | 25 | 27 | 31 | 36 | 55 | 59 | 65 | 72 | 57 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 37 | 46 | 57 | 68 | 88 | 90 | 110 | 146 | 134 | 130 |
| Long Term Debt | 8 | 10 | 12 | 8 | 7 | 6 | 23 | 41 | 31 | 24 |
| Short Term Debt | 29 | 36 | 45 | 60 | 81 | 84 | 87 | 105 | 103 | 106 |
| Trade Payables | 17 | 31 | 29 | 33 | 35 | 39 | 35 | 8 | 4 | 18 |
| Others Liabilities ⓘ | 8 | 8 | 9 | 20 | 17 | 29 | 25 | 20 | 28 | 32 |
| Total Liabilities ⓘ | 86 | 111 | 124 | 154 | 177 | 215 | 231 | 242 | 240 | 303 |
Fixed Assets | ||||||||||
| Gross Block | 25 | 27 | 32 | 33 | 32 | 36 | 44 | 53 | 53 | 52 |
| Accumulated Depreciation | 9 | 11 | 13 | 15 | 13 | 16 | 18 | 22 | 26 | 28 |
| Net Fixed Assetsⓘ | 16 | 17 | 19 | 17 | 18 | 20 | 26 | 31 | 28 | 24 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 4 | 16 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 12 | 16 | 16 | 17 | 17 |
| Inventories | 47 | 48 | 57 | 69 | 121 | 112 | 111 | 120 | 125 | 147 |
| Trade Receivables | 10 | 17 | 18 | 18 | 15 | 46 | 33 | 24 | 36 | 57 |
| Cash Equivalents | 2 | 8 | 7 | 10 | 8 | 12 | 10 | 10 | 6 | 3 |
| Others Assetsⓘ | 11 | 21 | 24 | 41 | 15 | 12 | 32 | 37 | 25 | 39 |
| Total Assets ⓘ | 86 | 111 | 124 | 154 | 177 | 215 | 231 | 242 | 240 | 303 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 15 | 15 | -1 | -4 | -9 | 9 | 3 | -15 | 23 | -13 |
| PBT ⓘ | 3 | 3 | 4 | 7 | 7 | 5 | 6 | 8 | 12 | 23 |
| Adjustment ⓘ | 7 | 8 | 8 | -5 | 12 | 11 | 10 | 15 | 15 | 13 |
| Changes in Working Capital ⓘ | 6 | 5 | -10 | -4 | -26 | -6 | -11 | -36 | -2 | -45 |
| Tax Paid ⓘ | -1 | -1 | -1 | -2 | -2 | -1 | -1 | -2 | -1 | -4 |
| Cash Flow From Investing Activity ⓘ | -5 | -12 | -4 | 6 | -3 | 1 | -18 | -13 | -1 | -9 |
| Capex | -4 | -2 | -5 | -1 | -4 | -4 | -12 | -9 | -1 | -11 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 |
| Others ⓘ | -1 | -10 | 0 | 7 | 1 | 5 | -6 | -3 | 1 | 3 |
| Cash Flow From Financing Activityⓘ | -11 | 3 | 5 | 1 | 11 | -6 | 12 | 28 | -23 | 19 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33 |
| Net Proceeds from Borrowing ⓘ | 0 | 2 | 2 | -5 | 0 | -1 | 17 | 18 | -10 | -8 |
| Interest Paid ⓘ | -5 | -6 | -6 | -10 | -9 | -8 | -8 | -11 | -12 | -12 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -6 | 7 | 9 | 15 | 21 | 3 | 2 | 21 | -2 | 7 |
| Net Cash Flow ⓘ | -1 | 6 | -1 | 3 | -1 | 4 | -3 | 1 | -1 | -3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.32 | 8.22 | 8.39 | 14.16 | 13.7 | 8.55 | 7.23 | 9.36 | 12.61 | 17.3 |
| ROCE (%) | 12.48 | 13.8 | 11.96 | 17.3 | 13.62 | 9.63 | 8.29 | 9.33 | 11.01 | 14.62 |
| Asset Turnover Ratio | 2.32 | 2.18 | 2.05 | 2 | 1.94 | 1.58 | 1.35 | 1.5 | 1.44 | 1.32 |
| PAT to CFO Conversion(x) | 7.5 | 7.5 | -0.5 | -1 | -1.8 | 2.25 | 0.75 | -2.5 | 2.56 | -0.76 | Working Capital Days |
| Receivable Days | 24 | 23 | 27 | 23 | 19 | 36 | 48 | 29 | 31 | 48 |
| Inventory Days | 84 | 81 | 80 | 83 | 108 | 137 | 135 | 119 | 129 | 138 |
| Payable Days | 41 | 55 | 64 | 60 | 59 | 65 | 60 | 30 | 9 | 15 |
Shree Tirupati Balajee Agro Trading Company Limited was originally incorporated as ‘Shree Tirupati Balajee Agro Trading Company Private Limited’, at Pithampur, Dhar, Madhya Pradesh as a private limited company under the provisions of Companies Act, 1956, pursuant to certificate of incorporation dated October 23, 2001 issued by the Registrar of Companies, Madhya Pradesh and Chattisgarh. Upon the conversion of the company into a public limited company, pursuant to the approval accorded by its Shareholders at their extra-ordinary general meeting held on November 20, 2023, the name of the company was changed to ‘Shree Tirupati Balajee Agro Trading Company Limited’ and a fresh certificate of incorporation consequent upon change of name upon conversion to public limited company was issued to the company by the RoC on November 21, 2023.
The company is engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the Indian domestic market and overseas. It offers customised products and caters to the bulk packaging solutions of its clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants and edibleoil by supplying them its FIBC products for transportation purposes and their packaging requirement. It offers an alternative for packaging and transportation, streamlining the loading and unloading processes of vessels, containers, or trucks, thereby reducing labor requirements.
In terms of competence, its core competencies include a wide product range, multi-location facilities, recurring orders, global presence, scale of production, technical expertise, environmental contribution, and recycling efforts. It offers a wide range of packaging solutions to its clients since it manufactures variety of FIBC bags, woven bags and container liners etc. It manufactures FIBC bags for packaging all possible products including, food products, chemicals, mining etc. Its products are logistic solutions for diverse industries and the success of its business does not depend upon a few sectors. It is a one-stop solution to all FIBC packaging needs.
Business area of the company
The company is engaged in the business of manufacturing and selling of FIBCs i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the Indian domestic market and overseas.
Products of the company
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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