BSE: 522004 | NSE: BATLIBOI | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Batliboi Ltd is a below average quality company.
The key valuation ratios of Batliboi 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 Batliboi 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 % ⓘ | -3.3% | 9.7% | -6.7% | -1.6% | -0.9% | -1.3% | 0.8% | 1.8% | 7.2% | 6.3% | - |
| Value Creation Index ⓘ | -1.2 | -0.3 | -1.5 | -1.1 | -1.1 | -1.1 | -0.9 | -0.9 | -0.5 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 122 | 102 | 105 | 108 | 116 | 109 | 94.1 | 146 | 195 | 196 | 184 |
| Sales YoY Gr. | - | -15.9% | 2.5% | 2.8% | 8% | -6.1% | -14% | 55.3% | 33.4% | 0.4% | - |
| Adj EPS ⓘ | -2.5 | -4.1 | -3.6 | -3.3 | 2.5 | -2.6 | -2 | -2.2 | 2.8 | 1.6 | 1.5 |
| YoY Gr. | - | NA | NA | NA | NA | -204% | NA | NA | NA | -42.6% | - |
| BVPS (₹) ⓘ | 10.8 | 11.6 | 46 | 43 | 45.4 | 42.7 | 40.7 | 38.5 | 41.4 | 42.9 | 53.6 |
| Adj Net Profit ⓘ | -7.2 | -11.7 | -10.4 | -9.4 | 7.3 | -7.5 | -5.8 | -6.4 | 8.2 | 4.7 | 5 |
| Cash Flow from Ops. ⓘ | -4.2 | -7.5 | -9.7 | 1.5 | 0.6 | 1.8 | 6.3 | 12.3 | 8 | -5.6 | - |
| Debt/CF from Ops. ⓘ | -9.5 | -5.3 | -5.4 | 38.4 | 96.6 | 35.8 | 10.9 | 5.4 | 8.4 | -12.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.4% | 10.9% | 27.6% | 0.4% | ||||
| Adj EPS ⓘ | NA | -8.5% | NA | -42.6% | ||||
| BVPSⓘ | 16.6% | -1.1% | 1.8% | 3.7% | ||||
| Share Price | 17.4% | 66.8% | 42.4% | 43% | ||||
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 % ⓘ | -14.9 | -26.8 | -11.7 | -7.4 | 5.7 | -5.9 | -4.8 | -5.6 | 7.1 | 3.8 | 3 |
| Op. Profit Mgn % ⓘ | -1.2 | -8.8 | -6.5 | -7.4 | -2.4 | -3.6 | 1 | 2.7 | 5.8 | 3.9 | 2.3 |
| Net Profit Mgn % ⓘ | -5.9 | -11.4 | -9.9 | -8.8 | 6.2 | -6.9 | -6.2 | -4.4 | 4.2 | 2.4 | 2.7 |
| Debt to Equity ⓘ | 1.1 | 1 | 0.4 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.3 |
| Working Cap Days ⓘ | 154 | 174 | 142 | 127 | 149 | 188 | 205 | 115 | 76 | 85 | 62 |
| Cash Conv. Cycle ⓘ | 44 | 62 | 55 | 45 | 34 | 35 | 31 | 21 | 18 | 28 | 8 |
Return on Equity has increased versus last 3 years average to 3.00%
Sales growth is growing at healthy rate in last 3 years 27.64%
Debt to equity has declined versus last 3 years average to 0.57
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -3.35%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.5 | 3.4 |
| TTM Sales (₹ Cr.) | 184 | 302 |
| BVPS (₹.) ⓘ | 53.6 | 61 |
| Reserves (₹ Cr.) ⓘ | 170 | 192 |
| P/BV ⓘ | 2.28 | 2.01 |
| PE ⓘ | 83.64 | 36.10 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 79.28 / 199.80 |
| All Time Low / High (₹) | 0.60 / 199.80 |
| Market Cap (₹ Cr.) | 419 |
| Equity (₹ Cr.) | 17.2 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 59.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 122 | 102 | 105 | 108 | 116 | 109 | 94 | 146 | 195 | 196 |
| Operating Expenses ⓘ | 123 | 111 | 112 | 116 | 119 | 113 | 93 | 143 | 183 | 188 |
| Manufacturing Costs | 14 | 14 | 13 | 14 | 14 | 12 | 8 | 13 | 16 | 22 |
| Material Costs | 71 | 58 | 60 | 57 | 63 | 58 | 56 | 91 | 119 | 115 |
| Employee Cost | 24 | 23 | 23 | 23 | 24 | 26 | 17 | 23 | 24 | 27 |
| Other Costs ⓘ | 14 | 16 | 15 | 22 | 18 | 17 | 13 | 16 | 24 | 24 |
| Operating Profit ⓘ | -2 | -9 | -7 | -8 | -3 | -4 | 1 | 4 | 11 | 8 |
| Operating Profit Margin (%) | -1.3% | -8.9% | -6.9% | -7.4% | -2.6% | -3.7% | 0.8% | 2.4% | 5.8% | 3.9% |
| Other Income ⓘ | 1 | 3 | 2 | 8 | 4 | 5 | 4 | 3 | 5 | 8 |
| Interest ⓘ | 6 | 7 | 5 | 5 | 6 | 7 | 8 | 8 | 5 | 4 |
| Depreciation ⓘ | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Exceptional Items ⓘ | 0 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -9 | 0 | -14 | -8 | -7 | -10 | -7 | -5 | 8 | 8 |
| Tax ⓘ | -1 | 0 | -3 | 1 | -14 | -2 | -1 | 2 | 0 | 3 |
| Profit After Tax | -7 | 0 | -11 | -9 | 7 | -8 | -6 | -7 | 9 | 5 |
| PAT Margin (%) | -6.0% | -0.1% | -10.2% | -8.3% | 6.1% | -6.9% | -6.4% | -4.5% | 4.4% | 2.5% |
| Adjusted EPS (₹) | -2.5 | 0.0 | -3.7 | -3.1 | 2.5 | -2.6 | -2.1 | -2.3 | 3.0 | 1.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 30% |
| 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 | 42 | 45 | 132 | 123 | 130 | 123 | 117 | 111 | 120 | 125 |
| Share Capital ⓘ | 21 | 21 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 15 |
| Reserves ⓘ | 21 | 23 | 118 | 109 | 116 | 108 | 102 | 96 | 105 | 110 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 39 | 40 | 52 | 55 | 59 | 61 | 66 | 64 | 66 | 64 |
| Long Term Debt | 14 | 18 | 27 | 26 | 26 | 34 | 38 | 36 | 55 | 50 |
| Short Term Debt | 25 | 22 | 24 | 29 | 33 | 28 | 29 | 28 | 11 | 14 |
| Trade Payables | 25 | 20 | 16 | 20 | 22 | 18 | 17 | 21 | 20 | 24 |
| Others Liabilities ⓘ | 34 | 30 | 59 | 57 | 44 | 51 | 44 | 58 | 46 | 53 |
| Total Liabilities ⓘ | 141 | 134 | 259 | 256 | 256 | 252 | 244 | 254 | 252 | 265 |
Fixed Assets | ||||||||||
| Gross Block | 113 | 112 | 217 | 218 | 199 | 201 | 200 | 204 | 205 | 209 |
| Accumulated Depreciation | 64 | 65 | 3 | 7 | 8 | 11 | 13 | 18 | 19 | 22 |
| Net Fixed Assetsⓘ | 48 | 46 | 214 | 211 | 191 | 190 | 187 | 186 | 185 | 188 |
| CWIP ⓘ | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 1 |
| Investmentsⓘ | 33 | 36 | 5 | 6 | 6 | 6 | 6 | 5 | 6 | 6 |
| Inventories | 23 | 23 | 18 | 18 | 22 | 19 | 15 | 22 | 18 | 19 |
| Trade Receivables | 25 | 17 | 16 | 16 | 11 | 11 | 11 | 11 | 16 | 27 |
| Cash Equivalents | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 4 | 1 |
| Others Assetsⓘ | 9 | 9 | 5 | 5 | 24 | 25 | 25 | 26 | 24 | 23 |
| Total Assets ⓘ | 141 | 134 | 259 | 256 | 256 | 252 | 244 | 254 | 252 | 265 |
| 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 ⓘ | -4 | -7 | -10 | 1 | 1 | 2 | 6 | 12 | 8 | -6 |
| PBT ⓘ | -9 | -16 | -15 | -8 | -7 | -10 | -7 | -5 | 8 | 8 |
| Adjustment ⓘ | 7 | 9 | 7 | 6 | 7 | 9 | 11 | 10 | 9 | 3 |
| Changes in Working Capital ⓘ | -2 | -0 | -2 | 3 | 1 | 2 | 2 | 7 | -10 | -16 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1 | 16 | 9 | -1 | -1 | -1 | 0 | -2 | -2 | -2 |
| Capex | -1 | 16 | 9 | 0 | -1 | -1 | 0 | -2 | -1 | -4 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 1 |
| Others ⓘ | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | 5 | -8 | 1 | -1 | 0 | -1 | -7 | -10 | -4 | 6 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 12 | 2 | -2 | 18 | 1 |
| Interest Paid ⓘ | -4 | -8 | -4 | -4 | -5 | -7 | -7 | -7 | -4 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 9 | 0 | 5 | 3 | 5 | -6 | -2 | -2 | -19 | 8 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -19.58 | -0.35 | -12.92 | -7.01 | 5.6 | -5.95 | -4.99 | -5.84 | 7.45 | 3.96 |
| ROCE (%) | -3.3 | 9.66 | -6.73 | -1.56 | -0.87 | -1.33 | 0.8 | 1.78 | 7.24 | 6.32 |
| Asset Turnover Ratio | 0.91 | 0.8 | 0.58 | 0.43 | 0.46 | 0.43 | 0.38 | 0.59 | 0.77 | 0.76 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | 0.14 | N/A | N/A | N/A | 0.89 | -1.2 | Working Capital Days |
| Receivable Days | 67 | 69 | 53 | 52 | 42 | 36 | 41 | 27 | 26 | 40 |
| Inventory Days | 61 | 76 | 66 | 59 | 63 | 69 | 66 | 47 | 37 | 34 |
| Payable Days | 135 | 142 | 108 | 114 | 120 | 124 | 116 | 78 | 63 | 70 |
Batliboi Limited was established in the year 1892, the company is a part of Batliboi Group, which focuses on wind energy, environmental engineering, motors, international marketing and logistics.The Baltiboi Group is divided into four main divisions, which are machine tools, special purpose machines, crane foundry and remanufacturing and reconditioning center. Further, the group also concentrates on:
The company is counted amongst most prominent manufacturers, importers and suppliers of industrial process machinery. Use of quality spare parts and components in production process ensures best performance and long functional life of these machines. These are robust and cater to the requirements of defence sector, training institutes, railways and automobile and engineering industries.
The company is backed by a robust manufacturing unit, which is spread over an area of 30,000 square meters and is installed with drilling, molding and cutting machines. These machines assist their professionals in fulfilling specific requirements of their esteemed clients. Some of their coveted clients are Ashok Leyland Ltd, Appolo Tyres, Bridgestone India Ltd, Essar Steel Ltd, Cochin Shipyard Ltd., Hindustan Aeronautics Ltd, Hero Motors Ltd. and Tata Motors Ltd.
The company is supported by two sister concerns, Quickmill Inc. (Canada) and AESA Air Engineering, SA (France), which assist them in achieving their business objectives. With their continuous support and assistance, the company is able to meet prevailing and emerging demands of their clients, situated all over the country. The company is headed by the chairman and managing director of the organization, Nirmal Bhogilal, whose strong leadership abilities and sharp business acumen have helped them in establishing a strong presence in the market.
Company’s Infrastructure
The company has developed state-of-the-art infrastructure that has massive installation capacity and is spread over a sprawling area of 1, 80,000 square meters. They divided their infrastructure into various units such as manufacturing, quality testing and research & development. Spread over the area of 30,000 square meters, their manufacturing unit helps them in offering industrial process machinery as per set industry standards. This unit is fitted with modern machines and equipment that enable them to fulfill bulk and urgent requirements of automobile, railway and engineering industries.
The following machines are use at the manufacturing unit:
Product Portfolio
The company is one of the distinguished manufacturers, importers and suppliers of industrial process machinery. These are durable, energy efficient and cater to the requirements of railways and automobile and engineering industries. Understanding different requirements of these industries, the company offers these machines in various specifications. Manufactured using quality raw material, the company’s range is in tandem with prevailing quality standards.
Milestones
Ever since the establishment, the company have been focused towards offering technically advanced range of industrial process machinery. Owing to superior quality products and ethical business practices, it has carved a niche in the domestic market.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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