BSE: 538546 | NSE: | Engineering | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Bansal Roofing Products Ltd is a good quality company.
The key valuation ratios of Bansal Roofing Products Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bansal Roofing Products 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 % ⓘ | 16.3% | 14.9% | 16.7% | 15.6% | 22.3% | 22.9% | 19% | 23.9% | 21.3% | 17.2% | - |
| Value Creation Index ⓘ | 0.2 | 0.1 | 0.2 | 0.1 | 0.6 | 0.6 | 0.4 | 0.7 | 0.5 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 24.4 | 22.4 | 27.2 | 32.5 | 44.1 | 41 | 41.5 | 72.6 | 93.3 | 106 | 90 |
| Sales YoY Gr. | - | -8% | 21.3% | 19.7% | 35.6% | -7% | 1.1% | 74.9% | 28.5% | 13.2% | - |
| Adj EPS ⓘ | 0.4 | 0.6 | 0.8 | 0.9 | 1.6 | 1.7 | 1.7 | 3 | 3.2 | 2.7 | 2.3 |
| YoY Gr. | - | 34.1% | 33.9% | 12.7% | 83.2% | 6.1% | 0% | 72.8% | 5.7% | -14.9% | - |
| BVPS (₹) ⓘ | 4 | 5 | 5.7 | 8 | 9.4 | 10.9 | 12.3 | 15.1 | 18.2 | 20.9 | 22 |
| Adj Net Profit ⓘ | 0.5 | 0.6 | 0.9 | 1.2 | 2.2 | 2.3 | 2.3 | 3.9 | 4.2 | 3.6 | 3 |
| Cash Flow from Ops. ⓘ | -1.5 | 0.5 | 2.2 | -1.5 | 2.8 | 0 | 3.7 | 5.5 | 8.6 | 7.9 | - |
| Debt/CF from Ops. ⓘ | -1.4 | 7.4 | 1 | -1.9 | 0.2 | 0.3 | 0.6 | 1.3 | 0.8 | 0.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17.7% | 19.1% | 36.5% | 13.2% | ||||
| Adj EPS ⓘ | 22.3% | 10.5% | 15.9% | -14.9% | ||||
| BVPSⓘ | 20.2% | 17.3% | 19.3% | 14.8% | ||||
| Share Price | 30.5% | 61.1% | 15.2% | -7% | ||||
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 % ⓘ | 13.6 | 12.6 | 14.7 | 13.9 | 18.7 | 17.1 | 14.9 | 21.8 | 19 | 13.7 | 10.5 |
| Op. Profit Mgn % ⓘ | 3.5 | 5.3 | 6.3 | 5.8 | 7 | 8 | 7.9 | 7.9 | 7.4 | 6.1 | 6.4 |
| Net Profit Mgn % ⓘ | 2 | 2.9 | 3.1 | 3.6 | 4.9 | 5.6 | 5.5 | 5.4 | 4.5 | 3.4 | 3.3 |
| Debt to Equity ⓘ | 0.5 | 0.7 | 0.4 | 0.3 | 0.1 | 0 | 0.1 | 0.4 | 0.3 | 0.2 | 0.1 |
| Working Cap Days ⓘ | 74 | 91 | 79 | 80 | 64 | 75 | 85 | 60 | 53 | 36 | 28 |
| Cash Conv. Cycle ⓘ | 41 | 61 | 50 | 54 | 48 | 61 | 62 | 39 | 37 | 22 | 4 |
Sales growth is growing at healthy rate in last 3 years 36.51%
Net Profit is growing at healthy rate in last 3 years 15.85%
Return on Equity has declined versus last 3 years average to 10.50%
Sales growth is not so good in last 4 quarters at -10.64%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.3 | - |
| TTM Sales (₹ Cr.) | 90.5 | - |
| BVPS (₹.) ⓘ | 22 | - |
| Reserves (₹ Cr.) ⓘ | 16 | - |
| P/BV ⓘ | 3.82 | - |
| PE ⓘ | 37.23 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 67.77 / 163.70 |
| All Time Low / High (₹) | 5.56 / 163.70 |
| Market Cap (₹ Cr.) | 111 |
| Equity (₹ Cr.) | 13.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 47.6 |
| 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 | 24 | 22 | 27 | 33 | 44 | 41 | 42 | 73 | 93 | 106 |
| Operating Expenses ⓘ | 23 | 21 | 25 | 31 | 41 | 38 | 38 | 67 | 86 | 99 |
| Manufacturing Costs | 0 | 0 | 0 | 1 | 1 | 2 | 1 | 2 | 4 | 5 |
| Material Costs | 22 | 19 | 23 | 28 | 37 | 33 | 34 | 61 | 77 | 88 |
| Employee Cost | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 |
| Other Costs ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 |
| Operating Profit ⓘ | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 6 | 7 | 6 |
| Operating Profit Margin (%) | 3.5% | 5.3% | 6.3% | 5.8% | 7.0% | 8.0% | 7.9% | 7.9% | 7.4% | 6.1% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 5 | 6 | 5 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit After Tax | 0 | 1 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 4 |
| PAT Margin (%) | 2.0% | 2.9% | 2.9% | 3.3% | 4.6% | 5.5% | 5.4% | 5.4% | 4.5% | 3.4% |
| Adjusted EPS (₹) | 0.4 | 0.6 | 0.7 | 0.8 | 1.6 | 1.7 | 1.7 | 3.0 | 3.2 | 2.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 15% | 16% | 15% | 15% | 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 | 5 | 5 | 6 | 11 | 12 | 14 | 16 | 20 | 24 | 28 |
| Share Capital ⓘ | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 13 | 13 | 13 |
| Reserves ⓘ | 3 | 3 | 4 | 7 | 9 | 11 | 13 | 7 | 11 | 14 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2 | 4 | 2 | 3 | 1 | 0 | 1 | 6 | 5 | 3 |
| Long Term Debt | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 5 | 5 | 3 |
| Short Term Debt | 2 | 3 | 1 | 2 | 0 | 0 | 0 | 1 | 0 | 0 |
| Trade Payables | 1 | 0 | 1 | 2 | 0 | 1 | 2 | 2 | 2 | 3 |
| Others Liabilities ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 7 | 6 | 6 |
| Total Liabilities ⓘ | 9 | 10 | 11 | 16 | 14 | 16 | 21 | 36 | 37 | 40 |
Fixed Assets | ||||||||||
| Gross Block | 2 | 4 | 4 | 4 | 6 | 6 | 6 | 21 | 28 | 30 |
| Accumulated Depreciation | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 5 |
| Net Fixed Assetsⓘ | 2 | 3 | 4 | 3 | 4 | 5 | 4 | 18 | 25 | 25 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 1 | 0 | 4 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 4 | 3 | 5 | 7 | 5 | 7 | 7 | 11 | 8 | 6 |
| Trade Receivables | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 3 | 2 | 2 |
| Cash Equivalents | 0 | 0 | 0 | 3 | 2 | 0 | 0 | 0 | 1 | 1 |
| Others Assetsⓘ | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 |
| Total Assets ⓘ | 9 | 10 | 11 | 16 | 14 | 16 | 21 | 36 | 37 | 40 |
| 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 ⓘ | -2 | 0 | 2 | -2 | 3 | 0 | 4 | 6 | 9 | 8 |
| PBT ⓘ | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 5 | 6 | 5 |
| Adjustment ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| Changes in Working Capital ⓘ | -2 | -1 | 1 | -3 | 0 | -3 | 1 | 1 | 3 | 2 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | -1 | -1 | -1 | -1 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 | -1 | 0 | -1 | -1 | -5 | -11 | -7 | -6 |
| Capex | -1 | -1 | -1 | 0 | -1 | -1 | -5 | -11 | -7 | -6 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 2 | 1 | -2 | 4 | -3 | -1 | 2 | 5 | -1 | -3 |
| Net Proceeds from Shares ⓘ | 2 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 0 | -2 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | 1 | -1 | 1 | -2 | 0 | 1 | 2 | -1 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 2 | -1 | -2 | 0 | 0 | 1 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.87 | 13.18 | 13.46 | 12.89 | 17.72 | 16.74 | 14.72 | 21.81 | 19 | 13.73 |
| ROCE (%) | 16.28 | 14.85 | 16.66 | 15.63 | 22.28 | 22.88 | 18.97 | 23.89 | 21.26 | 17.21 |
| Asset Turnover Ratio | 3.47 | 2.67 | 2.92 | 2.84 | 3.41 | 3.15 | 2.61 | 2.97 | 2.57 | 2.75 |
| PAT to CFO Conversion(x) | N/A | 0 | 2 | -2 | 1.5 | 0 | 2 | 1.5 | 2.25 | 2 | Working Capital Days |
| Receivable Days | 11 | 18 | 16 | 12 | 13 | 20 | 19 | 11 | 10 | 8 |
| Inventory Days | 57 | 55 | 48 | 59 | 44 | 47 | 54 | 39 | 37 | 24 |
| Payable Days | 29 | 14 | 15 | 19 | 10 | 6 | 13 | 12 | 11 | 11 |
Bansal Roofing Products was incorporated in 2008, foraying into business of marketing of roofing sheets and started trading of the same afterwards. It has started its commercial production in the year 2012, since than it continued rapid growth. Registered office of the company is at 3/2, Labdhi Industrial Estate, Acid Mill Compound, Ranmukteshwar Road, Pratapnagar, Vadodara, 390004, Gujarat, India. Promoters of the company have been associated with roofing industry since more than a decade.
The company’s manufacturing facility is situated at Plot No. 06, Raj Industrial Estate, Vadadala, Near Samlatya Crossing, Vadodara, 391520, Gujarat. The products manufactured by the company are made on automatic and semi automatic Roll forming machine, Crimping Machine, Shearing Machine and folding machine.
Business area of the company
The company is mainly a manufacturer of roofing sheets and roofing accessories such as Colour Coated Roof Sheets, FRP Roof Sheets and Polycarbonate Sheets. It also manufactures Eco Ventilators and other miscellaneous Roofing Accessories and provides all roofing solutions to its valuable customers, under one roof. The company has built domain expertise in roofing solutions in a short span which has contributed in its business growth.
Awards and Accreditations
The company has been awarded with -- NSIC -- CRISIL Rating: SE-2B (High Performance Capability and Moderate Financial Strength).
Key Events and Mile Stones
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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.
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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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