BMW Industries Ltd - Stock Valuation and Financial Performance

BSE: 542669 | NSE: | Engineering - Construction | Small Cap

BMW Industries Share Price

57.48 0.35 0.61%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on BMW Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

BMW Industries stock performance -

mw4me loader
P/E Ratio (SA):
21.25
Market Cap:
1,285.9 Cr.
52-wk low:
46
52-wk high:
86

Is BMW Industries Ltd an attractive stock to invest in?

1. Is BMW Industries Ltd a good quality company?

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

2. Is BMW Industries Ltd undervalued or overvalued?

The key valuation ratios of BMW Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is BMW Industries Ltd a good buy now?

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

10 Year X-Ray of BMW Industries:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
BMW Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 9%8.8%9.2%13.1%13.3%8.9%-16.8%9.2%10.5%12.8%-
Value Creation
Index
-0.4-0.4-0.3-0.1-0.1-0.4-2.2-0.3-0.3-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 661672750945823601357406508535539
Sales YoY Gr.-1.6%11.7%25.9%-12.9%-27%-40.6%13.8%25%5.5%-
Adj EPS 15.717.31.52.11.91.10.41.31.82.62.7
YoY Gr.-10.2%-91.3%39.7%-9.5%-40.8%-68.1%269.4%37.6%43.2%-
BVPS (₹) 172.5188.218.921.423.224.21924.125.828.229.4
Adj Net
Profit
35.338.933.947.643.125.48.129.841.358.961
Cash Flow from Ops. 96.110214586.110812912752.5103244-
Debt/CF from Ops. 6.25.53.353.42.324.92.30.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.3%-8.2%14.5%5.5%
Adj EPS -18%6.5%93.8%43.2%
BVPS-18.2%4%14.1%9.3%
Share Price - 27.5% 15% 4.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
9.89.5810.58.64.81.76.27.49.79.3
Op. Profit
Mgn %
1818.316.51617.718.325.524.321.62523.8
Net Profit
Mgn %
5.35.84.555.24.22.37.48.11111.2
Debt to
Equity
1.51.31.10.90.70.50.60.50.40.20.1
Working Cap
Days
24724721118124732441536332925787
Cash Conv.
Cycle
16516315313416020824618117713644

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.30%

Sales growth is growing at healthy rate in last 3 years 14.48%

Net Profit is growing at healthy rate in last 3 years 93.79%

Sales growth is not so good in last 4 quarters at 1.44%

Latest Financials - BMW Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 2.7 3.1
TTM Sales (₹ Cr.) 539 605
BVPS (₹.) 29.4 31
Reserves (₹ Cr.) 639 674
P/BV 1.94 1.85
PE 21.25 18.18
From the Market
52 Week Low / High (₹) 46.00 / 86.00
All Time Low / High (₹) 9.50 / 86.00
Market Cap (₹ Cr.) 1,286
Equity (₹ Cr.) 22.5
Face Value (₹) 1
Industry PE 35.9

Management X-Ray of BMW Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of BMW Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales661672750945823601357406508535
Operating Expenses 547555626794681493266307398402
Manufacturing Costs667275909587528098115
Material Costs444430489606477312160158222188
Employee Cost 15171924302517181921
Other Costs 23364574796937515978
Operating Profit 1151161241501411089199110134
Operating Profit Margin (%) 17.3%17.3%16.5%15.9%17.2%18.0%25.5%24.3%21.6%25.0%
Other Income 22616241491394
Interest 50464447564529232420
Depreciation 29324348464547433338
Exceptional Items 000000-181000
Profit Before Tax 374043726332-156456180
Tax 561021228-39121721
Profit After Tax 323434514124-118334459
PAT Margin (%) 4.9%5.1%4.5%5.4%5.0%4.0%-33.0%8.1%8.7%11.0%
Adjusted EPS (₹)1.41.50.22.31.81.1-5.21.52.02.6
Dividend Payout Ratio (%)0%0%0%0%1%0%0%1%10%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 392427425481521545428542581635
Share Capital 23232323232323232323
Reserves 370404403458499522405519559613
Minority Interest0000000000
Debt54551742337431223720222220665
Long Term Debt305281196152773699807142
Short Term Debt24023722622223520110314213523
Trade Payables3032246331827121820
Others Liabilities 9594147143261177136131121129
Total Liabilities 1,0631,0701,0191,0611,125967792907926849

Fixed Assets

Gross Block673713583608621641620651711793
Accumulated Depreciation1261584395141185230273306343
Net Fixed Assets547555540513480456390378405450
CWIP 34243521233237352473
Investments 1010107777261212
Inventories16717917922521120711813813468
Trade Receivables17217818120919412276119140108
Cash Equivalents 77810111055133
Others Assets1261166576199133160205198135
Total Assets 1,0631,0701,0191,0611,125967792907926849

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 961021458610812912753103244
PBT 374043726332-156456180
Adjustment 787684817994251605361
Changes in Working Capital -9-1228-58-201539-45-2125
Tax Paid -10-2-11-9-14-12-7-8-9-23
Cash Flow From Investing Activity -33-30-4837-9-60-14-51-93
Capex -32-40-46-2-15-22-65-24-53-104
Net Investments 000-400211-12
Others -110-2923123-139
Cash Flow From Financing Activity -63-72-97-90-113-120-70-39-45-157
Net Proceeds from Shares 31000000000
Net Proceeds from Borrowing -44-25-45-39-69-4057-39-12-21
Interest Paid -49-44-42-47-56-45-29-21-22-18
Dividend Paid 00000000-5-5
Others -1-4-10-412-35-9921-7-113
Net Cash Flow 100-120-207-6
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)9.078.487.9911.298.184.5-24.196.797.869.71
ROCE (%)8.958.789.2313.113.288.85-16.769.2310.5412.79
Asset Turnover Ratio0.650.650.740.910.750.570.410.480.550.6
PAT to CFO Conversion(x)334.261.692.635.38N/A1.612.344.14
Working Capital Days
Receivable Days959284758996101889385
Inventory Days89918478971271661159869
Payable Days23262126362340442437

BMW Industries Ltd Stock News

BMW Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of BMW Industries on 21-Nov-2024 16:59 is ₹57.48.
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 21-Nov-2024 16:59 the market cap of BMW Industries stood at ₹1,285.9.
The latest P/E ratio of BMW Industries as of 21-Nov-2024 16:59 is 21.25.
The latest P/B ratio of BMW Industries as of 21-Nov-2024 16:59 is 1.94.
The 52-week high of BMW Industries is ₹86.00 and the 52-week low is ₹46.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BMW Industries is ₹539.4 ( Cr.) .

About BMW Industries Ltd

BMW Industries Limited, a public limited company, is incorporated at Kolkata, in the State of West Bengal. The corporate office as well as registered office of the Company is situated at 119 Park Street, White House, 3rd Floor, Kolkata, West Bengal. The Company’s shares are listed on The Calcutta Stock Exchange Limited (CSE) and The Bombay Stock Exchange Limited (BSE).

The company was established in 1981. The company has leveraged steel processing experience across more than three decades in to emerge as a significant industrial group. The company manufactures two types of products: longs (structures and tmt) and flats (pipes, galvanised & plain and pickled & oiled hr coils, cold rolled sheets, plain galvanised sheets & corrugated galvanised sheets). these address the needs of customers in the construction, automobile and consumer durable sectors

Business area of the company

The Company is primarily engaged into manufacturing, processing and selling of steel products comprising of engineering and other products and services and activities related to the same.

Milestones

1970-1980
  • Set up the Company’s first tube mill in Kolkata
  • Steel Service Centre concept in 1971
  • Entered manufacturing of lighting poles.
1980-2000
  • Expanded the capacity of Steel Service Centre
  • Formation of Joint Venture with SAIL
  • Diversified into infrastructure and road construction.
  • Facility to manufacture LPG Cylinders and Hollow bricks.
2001-2010
  • Turnkey job for tower business
  • Commissioned automatic structural rolling mill with a capacity of 0.12 million TPA
  • Commissioned and installed TMT rolling mill with a capacity of 0.30 million TPA
  • Strategic partnership with TATA for Continuous Galvanizing Line
2011-2019
  • Successfully commissioned the CGL line in the year 2013
  • Ventures into providing Logistic Solution. Now in position to offer end to end solutions to customers
  • Started operation for Metal Beam Crash Barrier and High Mast Towers & Tubular Poles
  • Installed a new TMT Mill of 120000 MT in the year February 2018 and started production of self-branded Bansal Super TMT
  • Planned setting up of High Speed Tube Mill
2019-2020
  • Signed an agreement with a client for processing full hard cold rolled steel sheets
  • Installed an automated advanced slitting line in the manifit plant, designed to increase production and improve quality
  • Installed a tc roll path in the argori unit for processing tmt bars to provide a better finish
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