Is Bright Brothers a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bright Brothers Ltd is a average quality company .

Is Bright Brothers undervalued or overvalued?

The key valuation ratios of Bright Brothers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Bright Brothers share price return in the past 10 years?

Bright Brothers Ltd share price has appreciated 23.3% annually (CAGR) over the past ten years.

Is Bright Brothers a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bright Brothers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Bright Brothers Ltd - Stock Valuation and Financial Performance

Name: Bright Brothers
Brand: Bright Brothers

BSE: 526731 | NSE: BRIGHTBROS | Plastic Products | Small Cap

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Bright Brothers Share Price

₹413.70 -14.10 -3.30%
as on 18-Dec'24 16:59

10 Year X-Ray of Bright Brothers:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	4.8%	-3.2%	9.1%	14.6%	15.9%	18%	20.4%	53.9%	-3%	3.9%	-
Value Creation Index ⓘ	-0.7	-1.2	-0.4	0.0	0.1	0.3	0.5	2.9	-1.2	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	162	154	184	214	231	218	202	230	207	245	293
Sales YoY Gr.	-	-4.9%	18.9%	16.8%	7.6%	-5.6%	-7.2%	13.8%	-10.2%	18.3%	-
Adj EPS ⓘ	-5	-11.9	-2.1	1.1	3.3	6.2	9.2	11.8	-7	-6.5	9.2
YoY Gr.	-	NA	NA	NA	211.3%	88.8%	47%	29.3%	-159.2%	NA	-
BVPS (₹) ⓘ	99.1	86.3	74.5	74.4	75.4	75.8	86.1	139.6	128.5	122.7	132.1
Adj Net Profit ⓘ	-2.8	-6.8	-1.2	0.6	1.9	3.5	5.2	6.7	-4	-3.7	5
Cash Flow from Ops. ⓘ	8.5	5.3	11.5	7.9	10.5	15.4	11.7	6.7	0.4	10.8	-
Debt/CF from Ops. ⓘ	0.5	0.7	0.3	0.9	1.2	0.8	1.7	1.8	40.3	2.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.7%	1.2%	6.5%	18.3%
Adj EPS ⓘ	NA	-214.5%	-189.2%	NA
BVPSⓘ	2.4%	10.2%	12.5%	-4.5%
Share Price	23.3%	41.2%	36%	168%

Key Financial Parameters ⓘ

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 % ⓘ	-4.8	-12.7	-2.5	1.4	4.3	8.1	11.1	10.4	-5.2	-5.2	7.2
Op. Profit Mgn % ⓘ	3.3	1.2	4.2	5.3	5.9	7.3	8.8	5.7	0.6	4.4	7.6
Net Profit Mgn % ⓘ	-1.7	-4.4	-0.6	0.3	0.8	1.6	2.6	2.9	-1.9	-1.5	1.8
Debt to Equity ⓘ	0.1	0.1	0.1	0.2	0.3	0.3	0.4	0.2	0.2	0.3	0.2
Working Cap Days ⓘ	78	73	59	59	59	83	155	162	165	148	70
Cash Conv. Cycle ⓘ	14	12	3	3	8	36	91	93	81	60	8

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.20%

Sales growth is good in last 4 quarters at 37.31%

Sales growth has been subdued in last 3 years 6.54%

Net Profit has been subdued in last 3 years -189.15%

Latest Financials - Bright Brothers Ltd.

	Standalone	Consolidated
TTM EPS (₹)	9.2	7.7
TTM Sales (₹ Cr.)	293	293
BVPS (₹.) ⓘ	132.1	128
Reserves (₹ Cr.) ⓘ	70	67
P/BV ⓘ	3.13	3.23
PE ⓘ	45.18	53.43

From the Market
52 Week Low / High (₹)	133.75 / 437.95
All Time Low / High (₹)	4.50 / 433.85
Market Cap (₹ Cr.)	235
Equity (₹ Cr.)	5.7
Face Value (₹)	10
Industry PE ⓘ	43

Management X-Ray of Bright Brothers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Bright Brothers

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Bright Brothers

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	162	154	184	214	231	218	202	230	207	245
Operating Expenses ⓘ	157	153	176	203	217	202	185	217	205	234
Manufacturing Costs	37	38	49	58	59	52	45	40	41	61
Material Costs	100	89	104	117	129	120	114	147	130	135
Employee Cost	12	13	14	16	18	19	17	20	22	25
Other Costs ⓘ	8	12	10	11	11	11	8	10	12	13
Operating Profit ⓘ	5	2	8	11	14	16	18	13	1	11
Operating Profit Margin (%)	3.3%	1.1%	4.2%	5.3%	5.9%	7.2%	8.8%	5.7%	0.6%	4.3%
Other Income ⓘ	2	1	2	1	0	0	1	1	2	2
Interest ⓘ	4	4	4	6	6	5	4	5	4	7
Depreciation ⓘ	5	5	5	5	6	6	6	6	6	9
Exceptional Items ⓘ	0	0	0	0	0	0	0	35	0	0
Profit Before Tax ⓘ	-1	-6	0	1	2	5	8	39	-7	-3
Tax ⓘ	0	0	0	0	0	1	3	7	-3	0
Profit After Tax	-1	-6	0	1	2	3	6	32	-3	-3
PAT Margin (%)	-0.8%	-3.8%	-0.1%	0.6%	0.9%	1.6%	2.8%	13.9%	-1.7%	-1.3%
Adjusted EPS (₹)	-2.4	-10.4	-0.5	2.1	3.5	6.1	10.1	56.3	-6.0	-5.5
Dividend Payout Ratio (%)	-84%	-19%	-434%	94%	57%	33%	25%	9%	-17%	-18%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	57	50	43	43	44	44	50	79	73	70
Share Capital ⓘ	6	6	6	6	6	6	6	6	6	6
Reserves ⓘ	51	44	37	37	38	38	44	74	67	64
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	3	4	4	5	10	11	17	7	13	17
Long Term Debt	2	2	2	1	4	5	11	6	12	16
Short Term Debt	1	2	1	4	6	6	7	2	1	1
Trade Payables	14	16	26	28	24	18	38	26	35	40
Others Liabilities ⓘ	12	10	14	13	10	44	67	65	47	74
Total Liabilities ⓘ	86	79	87	89	88	117	172	177	169	201
Fixed Assets
Gross Block	77	80	90	97	107	111	124	121	135	172
Accumulated Depreciation	42	47	52	56	62	68	73	79	84	93
Net Fixed Assetsⓘ	35	33	38	41	45	44	51	42	50	79
CWIP ⓘ	1	2	0	0	0	0	0	0	7	0
Investmentsⓘ	13	10	11	7	4	7	5	38	16	5
Inventories	10	11	13	15	15	12	20	18	19	20
Trade Receivables	12	12	16	19	17	46	84	64	54	67
Cash Equivalents	2	2	4	2	3	3	7	3	3	11
Others Assetsⓘ	14	8	5	4	4	5	5	13	19	20
Total Assets ⓘ	86	79	87	89	88	117	172	177	169	201

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	5	11	8	11	15	12	7	0	11
PBT ⓘ	-1	-6	0	1	2	5	8	39	-7	-3
Adjustment ⓘ	8	12	8	10	12	11	9	-25	9	14
Changes in Working Capital ⓘ	2	-1	4	-4	-3	0	-5	-1	-3	-1
Tax Paid ⓘ	0	0	0	0	0	-1	-1	-5	0	0
Cash Flow From Investing Activity ⓘ	-2	0	-7	-4	-7	-7	-10	6	3	-1
Capex	-6	-4	-7	-9	-10	-4	-13	38	-19	-13
Net Investments	4	4	0	5	3	-3	3	-32	21	11
Others ⓘ	1	0	0	0	0	0	0	0	0	1
Cash Flow From Financing Activityⓘ	-7	-5	-2	-6	-3	-7	2	-16	-3	-2
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	4	-3	2	2	6	-5	5	4
Interest Paid ⓘ	-4	-4	-4	-6	-6	-5	-4	-5	-4	-5
Dividend Paid ⓘ	-1	-1	-1	-1	-1	-3	0	-1	-3	-1
Others ⓘ	-1	1	-1	4	2	0	0	-5	-2	0
Net Cash Flow ⓘ	0	0	2	-2	1	1	3	-3	0	8

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-2.35	-11.2	-0.57	2.85	4.71	8.05	12.41	49.89	-4.5	-4.34
ROCE (%)	4.84	-3.2	9.09	14.59	15.94	18.04	20.38	53.94	-3.03	3.88
Asset Turnover Ratio	2.01	2.06	2.44	2.52	2.61	2.12	1.4	1.32	1.2	1.32
PAT to CFO Conversion(x)	N/A	N/A	N/A	8	5.5	5	2	0.22	N/A	N/A
Working Capital Days
Receivable Days	25	26	25	29	28	53	117	117	104	91
Inventory Days	21	23	22	23	24	23	29	30	33	29
Payable Days	49	62	73	83	73	65	91	80	86	103

Bright Brothers Ltd Stock News

Bright Brothers Ltd FAQs

What is the share price of Bright Brothers?

Company share prices are keep on changing according to the market conditions. The closing price of Bright Brothers on 18-Dec-2024 16:59 is ₹413.7.

What is the market cap of Bright Brothers?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Dec-2024 16:59 the market cap of Bright Brothers stood at ₹235.0.

What is the P/E ratio of Bright Brothers?

The latest P/E ratio of Bright Brothers as of 18-Dec-2024 16:59 is 45.18.

What is the P/B ratio of Bright Brothers?

The latest P/B ratio of Bright Brothers as of 18-Dec-2024 16:59 is 3.13.

What is the 52-week high and low of Bright Brothers?

The 52-week high of Bright Brothers is ₹437.9 and the 52-week low is ₹133.8.

What is the TTM revenue of Bright Brothers?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bright Brothers is ₹292.6 ( Cr.) .

About Bright Brothers Ltd

Bright Brothers Limited was incorporated as a Private Limited Company on July 11, 1946. It was promoted by T.W. Bhojwani. The company was converted into full fledged Public Limited Company on June 27, 1994. The company was manufacturing Umbrella, Ladies Cigarette Cases, Table lamps, Wash Basins fabricated out of `Perspex' (acrylic) Sheets. The company acquired several rights for products/processes from abroad including the `Engle processes, `Kaberit process' and a proprietary range of plastic spheres known as the 'Allplas' systems.

In the seventies, the company diversified into manufacture of hi-teck precision industrial products for supply to OEM markets such as Phillips, Bush India, Voltas etc. In the eighties certain OEMs required manufacturing facilities to be located next to their own factories for implementing just in time techniques and this led to promoters of Brite Automotive and Plastics Ltd. at Pithampur in Madhya Pradesh to cater primarily to the requirements of Kinetic Honda Motors Limited.

The company installed its first injection moulding machine and started manufacturing household items like Combs, Bangles, Mugs etc. which were sold under the trade name 'BRITE'. This Trade name is owned by the company and is registered in the name of the Company since 1946.

Its manufacturing operation was set up at Tarapur, Maharashtra with an installed capacity of 850 TPA by installing 3 injection moulding machines. Presently the company has an installed capacity of 3,000 tpa and facilities at Bhandup and Tarapur. The company undertook to set up a project for setting up facilities for manufacture of injection moulded components. The company also undertook a diversification project for manufacture of office seating system at Tarapur.

Milestones

1947 - On July 11 Bright Brothers Limited was incorporated in Mumbai.
1948 - The Group pioneered injection Molding technology in the Indian Plastic Industry.
1962 - The company commissioned a state-of-the-art factory, at Mumbai.
1986 - Brite Automotive & Plastics Limited, a company specializing in the manufacture of thermoplastic automotive components was set up in Pithampur meeting requirements of Kinetic Honda, Bajaj Tempo & Hindustan Motors.
1989 - In March, the Tarapur Plant was inaugurated to cater the needs of the Television Cabinets manufactured by the growing Television Industry.
1992 - In November, another plant was set up at Thribhuvanai, Pondicherry for molding of large parts for washing machine manufactured by Whirlpool of India Ltd.
1994 - In October the plant was inaugurated at Sohna, Gurgaon catering to requirements of Maruti Udyog Ltd., Honda Motorcycles & Scooters India Ltd., Sony & Whirlpool of India Ltd.
1999 - In June the companyâ€™s plant was started in Thane.
2001 - In August Whirlpool Plastic division at Faridabad was acquired for supplies to Whirlpool of India.
2005 - In January the Pune plant was started for supplies to TELCO and Whirlpool.
2006 - In January Chennai plant was scheduled to go into operations to meet the requirements of Hyundai Motors India Ltd.