BSE: 531862 | NSE: | Fertilizers | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bharat Agri Fert & Realty Ltd is a below average quality company.
The key valuation ratios of Bharat Agri Fert & Realty 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 Bharat Agri Fert & Realty 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 % ⓘ | 15.1% | 0.6% | 0.9% | 1.5% | -1.6% | -6.6% | -5.3% | 3.3% | -6.1% | -0.4% | - |
| Value Creation Index ⓘ | 0.1 | -1.0 | -0.9 | -0.9 | -1.1 | -1.5 | -1.4 | -0.8 | -1.4 | -1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 58.5 | 52.4 | 44.7 | 33.7 | 45.5 | 22.7 | 25.7 | 23 | 29.2 | 22.3 | 23 |
| Sales YoY Gr. | - | -10.5% | -14.6% | -24.7% | 35.1% | -50.2% | 13.3% | -10.4% | 27% | -23.9% | - |
| Adj EPS ⓘ | 1.8 | -0.1 | -0.2 | -0 | -0.6 | -1.4 | -1.1 | 0.1 | -1.6 | -1.3 | -0.2 |
| YoY Gr. | - | -103.4% | NA | NA | NA | NA | NA | NA | -2357.1% | NA | - |
| BVPS (₹) ⓘ | 14.3 | 14.2 | 14.6 | 14.4 | 13.8 | 12.2 | 11.1 | 11.3 | 9.7 | 9.3 | 8.8 |
| Adj Net Profit ⓘ | 9.3 | -0.3 | -0.9 | -0.1 | -3 | -7.3 | -6 | 0.4 | -8.4 | -7.1 | -1 |
| Cash Flow from Ops. ⓘ | -8.6 | -16.2 | 10.4 | 10.3 | 0.7 | -0.4 | 9.5 | 7.5 | 5.2 | -14.8 | - |
| Debt/CF from Ops. ⓘ | -1.7 | -1.2 | 1.4 | 1.7 | 22.7 | -39.2 | 1.9 | 3.1 | 5.1 | -2.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -10.2% | -13.3% | -4.6% | -23.9% | ||||
| Adj EPS ⓘ | -197% | NA | NA | NA | ||||
| BVPSⓘ | -4.6% | -7.5% | -5.7% | -3.8% | ||||
| Share Price | 20.2% | 35.2% | 35.9% | -24.3% | ||||
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 % ⓘ | 12.8 | -0.4 | -1.2 | -0.1 | -4 | -10.6 | -9.5 | 0.6 | -14.7 | -13.9 | -2.3 |
| Op. Profit Mgn % ⓘ | 22.2 | 4 | 5.3 | 7.1 | 0.5 | -17.2 | -8.8 | 8.7 | -10.6 | -15.4 | -7.4 |
| Net Profit Mgn % ⓘ | 15.9 | -0.6 | -2.1 | -0.3 | -6.6 | -32.4 | -23.4 | 1.7 | -28.6 | -31.8 | -4.9 |
| Debt to Equity ⓘ | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | 0.5 | 0.9 | 0.7 |
| Working Cap Days ⓘ | 468 | 613 | 731 | 882 | 667 | 1,308 | 998 | 1,093 | 857 | 1,133 | 453 |
| Cash Conv. Cycle ⓘ | 238 | 323 | 356 | 391 | 259 | 544 | 470 | 506 | 398 | 626 | 185 |
Debt to equity has declined versus last 3 years average to 0.88
Return on Equity is Poor
Sales growth has been subdued in last 3 years -4.64%
Sales growth is not so good in last 4 quarters at -3.62%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.2 | -1.6 |
| TTM Sales (₹ Cr.) | 22.8 | 29.2 |
| BVPS (₹.) ⓘ | 8.8 | 0 |
| Reserves (₹ Cr.) ⓘ | 41 | 46 |
| P/BV ⓘ | 8.13 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 68.53 / 132.45 |
| All Time Low / High (₹) | 0.16 / 139.90 |
| Market Cap (₹ Cr.) | 379 |
| Equity (₹ Cr.) | 5.3 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 18.5 |
| 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 | 59 | 52 | 45 | 34 | 45 | 23 | 26 | 23 | 29 | 22 |
| Operating Expenses ⓘ | 46 | 50 | 42 | 31 | 46 | 27 | 28 | 21 | 32 | 26 |
| Manufacturing Costs | 3 | 5 | 4 | 4 | 5 | 4 | 4 | 6 | 9 | 8 |
| Material Costs | 27 | 30 | 24 | 15 | 20 | 9 | 12 | 5 | 8 | 4 |
| Employee Cost | 3 | 3 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 6 |
| Other Costs ⓘ | 12 | 12 | 10 | 9 | 16 | 8 | 8 | 5 | 10 | 8 |
| Operating Profit ⓘ | 13 | 2 | 2 | 2 | 0 | -4 | -2 | 2 | -3 | -3 |
| Operating Profit Margin (%) | 22.2% | 4.0% | 5.3% | 7.1% | -0.7% | -17.2% | -8.8% | 8.7% | -10.9% | -15.4% |
| Other Income ⓘ | 1 | 1 | 1 | 2 | 2 | 1 | 0 | 3 | 2 | 9 |
| Interest ⓘ | 0 | 1 | 2 | 1 | 2 | 1 | 2 | 2 | 3 | 3 |
| Depreciation ⓘ | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 3 | 3 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 |
| Profit Before Tax ⓘ | 12 | 0 | -1 | 0 | -4 | -7 | -6 | 1 | -8 | -3 |
| Tax ⓘ | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 9 | 0 | -1 | 0 | -3 | -7 | -6 | 1 | -8 | -3 |
| PAT Margin (%) | 16.1% | -0.4% | -2.0% | 0.0% | -7.4% | -30.7% | -23.4% | 2.2% | -28.2% | -14.4% |
| Adjusted EPS (₹) | 1.8 | 0.0 | -0.2 | 0.0 | -0.6 | -1.3 | -1.1 | 0.1 | -1.6 | -0.6 |
| Dividend Payout Ratio (%) | 8% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -8% |
| 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 | 77 | 77 | 77 | 76 | 73 | 66 | 60 | 61 | 53 | 49 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves ⓘ | 72 | 71 | 72 | 71 | 68 | 61 | 55 | 56 | 47 | 44 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 15 | 20 | 14 | 17 | 15 | 14 | 18 | 21 | 26 | 41 |
| Long Term Debt | 0 | 5 | 3 | 0 | 0 | 0 | 2 | 3 | 11 | 30 |
| Short Term Debt | 15 | 14 | 11 | 17 | 15 | 14 | 16 | 19 | 14 | 12 |
| Trade Payables | 7 | 16 | 11 | 10 | 20 | 8 | 9 | 8 | 8 | 6 |
| Others Liabilities ⓘ | 22 | 7 | 7 | 7 | 7 | 8 | 7 | 9 | 9 | 12 |
| Total Liabilities ⓘ | 121 | 120 | 110 | 111 | 115 | 96 | 95 | 100 | 96 | 108 |
Fixed Assets | ||||||||||
| Gross Block | 42 | 49 | 26 | 32 | 32 | 32 | 33 | 43 | 48 | 54 |
| Accumulated Depreciation | 25 | 27 | 3 | 6 | 9 | 11 | 14 | 16 | 19 | 23 |
| Net Fixed Assetsⓘ | 18 | 22 | 24 | 26 | 24 | 21 | 19 | 26 | 29 | 32 |
| CWIP ⓘ | 3 | 0 | 0 | 0 | 0 | 0 | 7 | 0 | 0 | 1 |
| Investmentsⓘ | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Inventories | 37 | 49 | 39 | 36 | 39 | 32 | 30 | 32 | 37 | 48 |
| Trade Receivables | 11 | 15 | 13 | 12 | 13 | 12 | 10 | 10 | 1 | 0 |
| Cash Equivalents | 18 | 2 | 1 | 6 | 3 | 0 | 2 | 1 | 1 | 2 |
| Others Assetsⓘ | 33 | 31 | 32 | 30 | 36 | 31 | 26 | 30 | 28 | 24 |
| Total Assets ⓘ | 121 | 120 | 110 | 111 | 115 | 96 | 95 | 100 | 96 | 108 |
| 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 ⓘ | -9 | -16 | 10 | 10 | 1 | 0 | 9 | 8 | 5 | -15 |
| PBT ⓘ | 12 | 0 | -1 | 0 | -4 | -7 | -6 | 1 | -8 | -3 |
| Adjustment ⓘ | 1 | 3 | 4 | 3 | 7 | 4 | 4 | 5 | 7 | 0 |
| Changes in Working Capital ⓘ | -20 | -18 | 8 | 7 | -3 | 3 | 11 | 2 | 6 | -11 |
| Tax Paid ⓘ | -2 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1 | -4 | -5 | -7 | -1 | 2 | -8 | -10 | -6 | 2 |
| Capex | -4 | -3 | -4 | -5 | -1 | 0 | 0 | -10 | -6 | -4 |
| Net Investments | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 |
| Others ⓘ | 3 | -1 | -1 | -2 | 0 | 2 | -7 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 7 | 3 | -5 | 1 | -5 | -1 | -2 | 2 | 1 | 14 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 18 |
| Interest Paid ⓘ | 0 | -1 | -1 | -2 | -2 | -1 | -2 | -2 | -3 | -3 |
| Dividend Paid ⓘ | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 8 | 5 | -4 | 3 | -3 | 0 | 0 | 4 | -5 | -2 |
| Net Cash Flow ⓘ | -2 | -17 | 0 | 5 | -5 | 0 | 0 | 0 | 0 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.19 | -0.28 | -1.2 | 0.01 | -4.5 | -10.12 | -9.72 | 0.86 | -14.88 | -6.37 |
| ROCE (%) | 15.12 | 0.64 | 0.93 | 1.5 | -1.56 | -6.59 | -5.27 | 3.31 | -6.07 | -0.36 |
| Asset Turnover Ratio | 0.51 | 0.44 | 0.39 | 0.31 | 0.4 | 0.21 | 0.27 | 0.24 | 0.3 | 0.22 |
| PAT to CFO Conversion(x) | -1 | N/A | N/A | N/A | N/A | N/A | N/A | 8 | N/A | N/A | Working Capital Days |
| Receivable Days | 72 | 89 | 112 | 134 | 99 | 196 | 156 | 160 | 68 | 11 |
| Inventory Days | 220 | 301 | 360 | 407 | 300 | 574 | 440 | 490 | 432 | 696 |
| Payable Days | 91 | 142 | 206 | 256 | 271 | 541 | 271 | 588 | 342 | 664 |
Bharat Agri Fert & Realty, earlier known as Bharat Fertilizer Industries belongs to the fertilizer sector of India and was incorporated in 1959. It is located in Mumbai and forms an important part of the private sector fertilizer industry in India. The company's production plant is situated in the Kharivali village in Maharashtra. Bharat Fertilizer Industries has played a major role to play in boosting the performance of India's agricultural sector and hence that of the Indian economy, as well. The Indian government made certain polices for the fertilizer industry and these worked favorably for Bharat Fertilizer Industries. In 2012 the company changed its name from Bharat Fertiliser Industries Ltd to Bharat Agri Fert & Realty Ltd. "
Bharat Fertilizer Industries manufactures 66,000 tonnes of SSP fertilizers and 33,000 tonnes of sulphuric acid per year.
In recent years, Bharat Fertilizer Industries has modernized its plants and this has led to increased productivity and better quality of products. Also, the modernization has resulted in making the plants more environmentally friendly and has reduced the energy consumption per tonne of product.
Bharat Fertilizer Industries is engaged in the manufacturing of single super phosphate (powder and granulated), sulphuric acid and alum (liquid and solid) at its plant situated at Kharivali Village, Taluka Wada, District Thane. The company has also undertaken real estate development activity at Majiwada.
The various fertilizers produced by Bharat Fertilizer Industries are:
• Sulphuric acid • Urea • DAP • Sodium silco flouride • Single super phosphate fertilizers (in granulated and powder form) • SPIC
Divisions:
• Fertilizers • Chemicals and • Construction
Subsidiaries:
• Yogi Investments • Vijal Shipping • WadaAgro Chemicals • Wada Bottling Industries • Patel Combi-Therm (India) • Chavi Impex • Wada Alums and • Acids
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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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