BSE: 0 | NSE: BEWLTD | Engineering | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that BEW Engineering Ltd is a average quality company.
The key valuation ratios of BEW Engineering Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of BEW Engineering 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'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.4% | 17.1% | 13.5% | 21.2% | 26.4% | 24.9% | 22.8% | - |
| Value Creation Index ⓘ | 0.1 | 0.2 | 0.0 | 0.5 | 0.9 | 0.8 | 0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||||
| Sales ⓘ | 43.6 | 50.7 | 59.4 | 59.3 | 99.4 | 106 | 121 | 121 |
| Sales YoY Gr. | - | 16.5% | 17% | -0% | 67.5% | 6.2% | 14.4% | - |
| Adj EPS ⓘ | 1.3 | 1.2 | 1.1 | 3.1 | 5.4 | 7 | 11.6 | 10.4 |
| YoY Gr. | - | -6.3% | -10.1% | 189.7% | 73.9% | 29.1% | 67.1% | - |
| BVPS (₹) ⓘ | 7.6 | 9.2 | 12.3 | 12.8 | 18.7 | 25.8 | 57.7 | 100.9 |
| Adj Net Profit ⓘ | 0.7 | 0.7 | 0.6 | 2.4 | 5.6 | 7.2 | 13.6 | 14 |
| Cash Flow from Ops. ⓘ | 2.5 | -3.8 | -0.9 | 8.1 | 2 | -0.5 | -7.9 | - |
| Debt/CF from Ops. ⓘ | 5.7 | -5.7 | -27.3 | 3.6 | 13.2 | -88.1 | -8.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 18.9% | 26.7% | 14.4% | ||||
| Adj EPS ⓘ | NA | 57.8% | 55.4% | 67.1% | ||||
| BVPSⓘ | NA | 44.3% | 65.2% | 123.5% | ||||
| Share Price | - | - | -15% | -85% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.7 | 14.8 | 9.9 | 27.7 | 38.3 | 31.2 | 27.8 | 13.1 |
| Op. Profit Mgn % ⓘ | 8 | 9.2 | 7.4 | 13.8 | 11 | 13.8 | 19.8 | 14.1 |
| Net Profit Mgn % ⓘ | 1.6 | 1.4 | 1.1 | 4 | 5.6 | 6.8 | 11.2 | 11.2 |
| Debt to Equity ⓘ | 3.4 | 4 | 3.4 | 2.9 | 1.4 | 1.6 | 1 | 0.6 |
| Working Cap Days ⓘ | 0 | 205 | 250 | 319 | 254 | 336 | 374 | 168 |
| Cash Conv. Cycle ⓘ | 0 | 91 | 112 | 135 | 111 | 137 | 214 | 40 |
Sales growth is growing at healthy rate in last 3 years 26.72%
Net Profit is growing at healthy rate in last 3 years 55.38%
Debt to equity has declined versus last 3 years average to 0.98
Return on Equity has declined versus last 3 years average to 13.10%
Sales growth is not so good in last 4 quarters at 5.60%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 10.4 | - |
| TTM Sales (₹ Cr.) | 121 | - |
| BVPS (₹.) ⓘ | 100.9 | - |
| Reserves (₹ Cr.) ⓘ | 119 | - |
| P/BV ⓘ | 2.24 | - |
| PE ⓘ | 21.80 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 296 |
| Equity (₹ Cr.) | 13.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 46.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Sales | 44 | 51 | 59 | 59 | 99 | 106 | 121 |
| Operating Expenses ⓘ | 40 | 46 | 55 | 51 | 88 | 91 | 97 |
| Manufacturing Costs | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Material Costs | 36 | 41 | 49 | 46 | 81 | 82 | 85 |
| Employee Cost | 1 | 1 | 1 | 1 | 2 | 3 | 4 |
| Other Costs ⓘ | 3 | 3 | 4 | 3 | 4 | 5 | 6 |
| Operating Profit ⓘ | 4 | 5 | 4 | 8 | 11 | 15 | 24 |
| Operating Profit Margin (%) | 8.0% | 9.2% | 7.4% | 13.8% | 11.0% | 13.8% | 19.8% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Interest ⓘ | 2 | 3 | 3 | 3 | 3 | 5 | 5 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 1 | 1 | 4 | 8 | 10 | 18 |
| Tax ⓘ | 0 | 0 | 0 | 2 | 2 | 2 | 5 |
| Profit After Tax | 1 | 1 | 1 | 2 | 6 | 7 | 14 |
| PAT Margin (%) | 1.6% | 1.4% | 1.1% | 4.0% | 5.7% | 6.9% | 11.2% |
| Adjusted EPS (₹) | 1.3 | 1.2 | 1.1 | 3.1 | 5.5 | 7.1 | 11.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4 | 5 | 7 | 10 | 19 | 27 | 67 | |||
| Share Capital ⓘ | 1 | 1 | 1 | 2 | 3 | 3 | 3 | |||
| Reserves ⓘ | 3 | 4 | 6 | 8 | 17 | 24 | 64 | |||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Debt | 14 | 22 | 24 | 29 | 24 | 40 | 61 | |||
| Long Term Debt | 11 | 16 | 14 | 7 | 5 | 11 | 13 | |||
| Short Term Debt | 3 | 6 | 10 | 22 | 19 | 29 | 49 | |||
| Trade Payables | 12 | 16 | 21 | 20 | 36 | 44 | 19 | |||
| Others Liabilities ⓘ | 5 | 9 | 8 | 14 | 14 | 18 | 18 | |||
| Total Liabilities ⓘ | 35 | 51 | 61 | 73 | 94 | 129 | 166 | |||
Fixed Assets | ||||||||||
| Gross Block | 15 | 15 | 16 | 17 | 17 | 18 | 20 | |||
| Accumulated Depreciation | 3 | 4 | 5 | 6 | 7 | 8 | 8 | |||
| Net Fixed Assetsⓘ | 12 | 12 | 12 | 11 | 10 | 11 | 11 | |||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 13 | |||
| Investmentsⓘ | 0 | 0 | 0 | 2 | 3 | 3 | 8 | |||
| Inventories | 13 | 27 | 37 | 49 | 67 | 88 | 107 | |||
| Trade Receivables | 4 | 5 | 3 | 4 | 5 | 13 | 13 | |||
| Cash Equivalents | 2 | 3 | 4 | 0 | 0 | 0 | 1 | |||
| Others Assetsⓘ | 3 | 5 | 5 | 7 | 8 | 14 | 13 | |||
| Total Assets ⓘ | 35 | 51 | 61 | 73 | 94 | 129 | 166 | |||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | -4 | -1 | 8 | 2 | 0 | -8 |
| PBT ⓘ | 1 | 1 | 1 | 4 | 8 | 10 | 18 |
| Adjustment ⓘ | 3 | 4 | 1 | 5 | 3 | 5 | 6 |
| Changes in Working Capital ⓘ | -1 | -8 | -3 | 0 | -6 | -13 | -27 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 | -2 | -3 | -5 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | -1 | 0 | -1 | -1 | -19 |
| Capex | 0 | -1 | -1 | 0 | 0 | -1 | -14 |
| Net Investments | 0 | 0 | 0 | 0 | -1 | 0 | -5 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1 | 5 | 3 | -9 | -1 | 2 | 27 |
| Net Proceeds from Shares ⓘ | 0 | 1 | 0 | 1 | 4 | 0 | 27 |
| Net Proceeds from Borrowing ⓘ | 1 | 5 | -2 | -7 | -2 | 6 | 2 |
| Interest Paid ⓘ | -2 | -3 | 0 | -3 | -3 | -5 | -5 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 3 | 5 | 0 | 0 | 0 | 4 |
| Net Cash Flow ⓘ | 1 | 1 | 1 | -1 | 0 | 0 | 1 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.72 | 14.77 | 9.94 | 27.73 | 38.84 | 31.86 | 28.89 | |||
| ROCE (%) | 15.38 | 17.13 | 13.47 | 21.2 | 26.44 | 24.91 | 22.83 | |||
| Asset Turnover Ratio | 1.48 | 1.18 | 1.06 | 0.89 | 1.2 | 0.95 | 0.82 | |||
| PAT to CFO Conversion(x) | 2 | -4 | -1 | 4 | 0.33 | 0 | -0.57 | Working Capital Days | ||
| Receivable Days | 30 | 31 | 23 | 20 | 15 | 30 | 39 | |||
| Inventory Days | 94 | 145 | 196 | 263 | 213 | 268 | 294 | |||
| Payable Days | 122 | 122 | 138 | 167 | 128 | 180 | 134 | |||
BEW Engineering was incorporated in the year 2011, however it's Promoter, Prakash Lade has been in this business since 1974. First manufacturing facility was set up by Prakash Lade and V Khokrale in Partnership firm viz. Bifriends Engineering Works. Second manufacturing facility was set up in 1993 under group company Sterling Fabricating Engineers. The company was established in 2011 to consolidate the operations of BEW group under one roof. In January 2018, Lade family took 100% management control of the group by buying out Khokrale family‘s stake in the Company.
The company is engaged in design and manufacture of Pharmaceutical & Chemical plants and process equipment. It design and manufacture special range of filtration, mixing and drying equipments specifically used in Pharmaceuticals, Sterile Applications, Intermediate Compounds, Fine Chemicals, Chemicals, Agro Chemicals, Pesticides, Insecticides, Dyes and Food Products. These equipments are manufactured from material such as Stainless Steel, Alloy Steel, Hastelloy etc. with various linings as per International Codes : a) IS b) BS c) ASME d) TEMA e) DIN f) CE Marks etc.
Business area of the company
The company is engaged in the design and manufacturing of filters and dryers for the Chemicals Industry comprising of Pharmaceuticals – API, Agro Chemicals, and Specialty Chemicals.
Major products
Major Events and Milestones
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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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