BSE: 0 | NSE: BULKCORP | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Bulkcorp International Ltd is a average quality company.
The key valuation ratios of Bulkcorp International 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 Bulkcorp International 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 21.3% | 28.2% | 20.5% | 41.6% | - |
| Value Creation Index ⓘ | 0.5 | 1.0 | 0.5 | 2.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 31.4 | 48.4 | 38.5 | 45.2 | 45 |
| Sales YoY Gr. | - | 54.3% | -20.6% | 17.4% | - |
| Adj EPS ⓘ | 1 | 2.2 | 1.7 | 5.5 | 4.7 |
| YoY Gr. | - | 126.3% | -26.3% | 230.3% | - |
| BVPS (₹) ⓘ | 3.5 | 6.6 | 8.8 | 16.9 | 40.1 |
| Adj Net Profit ⓘ | 0.5 | 1.2 | 0.9 | 3 | 4 |
| Cash Flow from Ops. ⓘ | 0 | -1.2 | 3.7 | 1.2 | - |
| Debt/CF from Ops. ⓘ | 209.3 | -7.3 | 1.5 | 5.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 12.9% | 17.4% | ||||
| Adj EPS ⓘ | NA | NA | 76.6% | 230.3% | ||||
| BVPSⓘ | NA | NA | 69.4% | 91.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 28.4 | 44.7 | 21.5 | 42.7 | 16.7 |
| Op. Profit Mgn % ⓘ | 6.1 | 5.6 | 6.3 | 10.4 | NAN |
| Net Profit Mgn % ⓘ | 1.7 | 2.5 | 2.3 | 6.7 | 7.9 |
| Debt to Equity ⓘ | 3.5 | 2.5 | 1.1 | 0.7 | - |
| Working Cap Days ⓘ | 0 | 106 | 129 | 149 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 11 | 35 | 37 | 0 |
Sales growth is growing at healthy rate in last 3 years 12.91%
Net Profit is growing at healthy rate in last 3 years 76.57%
Debt to equity has declined versus last 3 years average to 0.68
Return on Equity has declined versus last 3 years average to 16.60%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.7 | - |
| TTM Sales (₹ Cr.) | 45.2 | - |
| BVPS (₹.) ⓘ | 40.1 | - |
| Reserves (₹ Cr.) ⓘ | 23 | - |
| P/BV ⓘ | 2.49 | - |
| PE ⓘ | 21.09 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 75.1 |
| Equity (₹ Cr.) | 7.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 31.39 | 48.42 | 38.47 | 45.18 |
| Operating Expenses ⓘ | 29.48 | 45.72 | 36.05 | 40.49 |
| Manufacturing Costs | 1.65 | 2.38 | 1.79 | 2.57 |
| Material Costs | 21.50 | 34.69 | 26.89 | 31.76 |
| Employee Cost | 3.18 | 3.99 | 3.01 | 3.01 |
| Other Costs ⓘ | 3.15 | 4.66 | 4.36 | 3.15 |
| Operating Profit ⓘ | 1.91 | 2.70 | 2.42 | 4.69 |
| Operating Profit Margin (%) | 6.1% | 5.6% | 6.3% | 10.4% |
| Other Income ⓘ | 0.38 | 0.77 | 0.49 | 1.32 |
| Interest ⓘ | 0.44 | 0.69 | 0.61 | 0.58 |
| Depreciation ⓘ | 0.50 | 0.54 | 0.58 | 0.64 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.34 | 2.25 | 1.71 | 4.80 |
| Tax ⓘ | 0.71 | 0.53 | 0.50 | 1.24 |
| Profit After Tax | 0.64 | 1.73 | 1.21 | 3.56 |
| PAT Margin (%) | 2.0% | 3.6% | 3.2% | 7.9% |
| Adjusted EPS (₹) | 1.2 | 3.2 | 2.2 | 6.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1.88 | 3.57 | 4.78 | 9.34 | ||||||
| Share Capital ⓘ | 1.81 | 1.81 | 1.81 | 5.54 | ||||||
| Reserves ⓘ | 0.07 | 1.76 | 2.97 | 3.81 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 5.58 | 8.14 | 5.15 | 6.19 | ||||||
| Long Term Debt | 3.98 | 3.85 | 0.87 | 1.48 | ||||||
| Short Term Debt | 1.60 | 4.28 | 4.27 | 4.71 | ||||||
| Trade Payables | 11.03 | 8.07 | 6.63 | 14.67 | ||||||
| Others Liabilities ⓘ | 1.27 | 2 | 1.10 | 2.17 | ||||||
| Total Liabilities ⓘ | 19.76 | 21.77 | 17.65 | 32.36 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 8.12 | 8.45 | 8.94 | 9.59 | ||||||
| Accumulated Depreciation | 2.14 | 2.72 | 3.31 | 3.89 | ||||||
| Net Fixed Assetsⓘ | 5.97 | 5.73 | 5.63 | 5.70 | ||||||
| CWIP ⓘ | 0 | 0.07 | 0 | 1.78 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 5.71 | 5.38 | 4.76 | 10.29 | ||||||
| Trade Receivables | 5.27 | 7.76 | 5.90 | 10.64 | ||||||
| Cash Equivalents | 0.80 | 0.81 | 0.02 | 0.05 | ||||||
| Others Assetsⓘ | 2.01 | 2.02 | 1.34 | 3.92 | ||||||
| Total Assets ⓘ | 19.76 | 21.77 | 17.65 | 32.36 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.03 | -1.22 | 3.70 | 1.23 |
| PBT ⓘ | 1.34 | 2.25 | 1.71 | 4.80 |
| Adjustment ⓘ | 0.83 | 1.22 | 1.20 | 1.25 |
| Changes in Working Capital ⓘ | -2.14 | -4.7 | 1.34 | -4.68 |
| Tax Paid ⓘ | 0 | 0 | -0.56 | -0.14 |
| Cash Flow From Investing Activity ⓘ | -0.18 | -0.49 | -0.41 | -2.54 |
| Capex | -0.32 | -0.41 | -0.41 | -2.48 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.14 | -0.08 | 0 | -0.05 |
| Cash Flow From Financing Activityⓘ | 0.04 | 1.72 | -4.08 | 1.34 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 1 |
| Net Proceeds from Borrowing ⓘ | -0.04 | -0.13 | -2.98 | 0.61 |
| Interest Paid ⓘ | -0.44 | -0.69 | -0.61 | -0.58 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.52 | 2.53 | -0.49 | 0.31 |
| Net Cash Flow ⓘ | -0.12 | 0.01 | -0.79 | 0.03 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 33.75 | 63.3 | 29.03 | 50.4 | ||||||
| ROCE (%) | 21.29 | 28.2 | 20.5 | 41.55 | ||||||
| Asset Turnover Ratio | 1.59 | 2.33 | 1.95 | 1.81 | ||||||
| PAT to CFO Conversion(x) | 0.05 | -0.71 | 3.06 | 0.35 | Working Capital Days | |||||
| Receivable Days | 61 | 49 | 65 | 67 | ||||||
| Inventory Days | 66 | 42 | 48 | 61 | ||||||
| Payable Days | 187 | 100 | 100 | 122 | ||||||
Bulkcorp International Limited was originally incorporated on October 08, 2009, as a Private Limited Company as ‘Navjivan Polyplast Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The name of the company was subsequently changed to ‘Bulkcorp International Private Limited’ on August 05, 2015 and received a certificate of incorporation dated August 27, 2015 from the Assistant Registrar of Companies, Registrar of Companies Ahmedabad. Subsequently, the company was converted into a Public Limited Company pursuant to members resolution passed at Extra-ordinary General Meeting of the company held on March 04, 2024 and the name of the company was changed to ‘Bulkcorp International Limited’. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated March 09, 2024 was issued by the Central Processing Centre, Haryana.
Bulkcorp International is an ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and BRC certified Company, which is engaged in manufacturing and supply of Food Grade Flexible Intermediate Bulk Container (FIBC) bags. Its manufacturing facility meets the requirements set out in BRC Global Standard for Packing and Packaging Materials and has achieved certified Grade A. It offers a wide range of customisable packaging solutions FIBC bags (Jumbo Bags) which come in eight variations and container liners. Its manufacturing facility is equipped with the required facilities including machinery, and other handling equipment to facilitate smooth manufacturing process. It endeavors to maintain safety and high hygiene in its premises by adhering to key safety and hygiene norms as specified by BRC.
Its manufacturing facility has an in-house testing laboratory to ensure that the finished products match the quality standards as specified by its customers. All its FIBC bags are manufactured in accordance with ISO 21898 and they have undergone quality tests at well reputed labs. It majorly procures its raw materials from Gujarat. As its manufacturing unit is strategically connected to the National Highway and is located in the midst of a developed industrial area, this provides it with operational advantage as transportation process becomes time efficient.
Business area of the company
The company is engaged in manufacturing and supply of FIBC bags. Its offers a wide range of customisable packaging solutions FIBC bags (Jumbo Bags) which come in eight variations and container liners.
Products of the company
History 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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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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