Banaras Beads Ltd - Stock Valuation and Financial Performance

BSE: 526849 | NSE: BANARBEADS | Glass | Small Cap

Banaras Beads Share Price

137.45 4.50 3.38%
as on 21-Nov'24 16:59

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Banaras Beads stock performance -

mw4me loader
P/E Ratio (SA):
28.98
Market Cap:
91.2 Cr.
52-wk low:
83
52-wk high:
153.8

Is Banaras Beads Ltd an attractive stock to invest in?

1. Is Banaras Beads Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Banaras Beads Ltd is a below average quality company.

2. Is Banaras Beads Ltd undervalued or overvalued?

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

3. Is Banaras Beads Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Banaras Beads 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 Banaras Beads:

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.
Banaras Beads Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 6%13.6%6.4%5.3%4.1%7.1%6.6%7.3%7.6%7.1%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 23.624.727.323.817.325.820.525.12728.231
Sales YoY Gr.-5%10.4%-13%-27.2%48.9%-20.6%22.7%7.4%4.6%-
Adj EPS 2.41.52.42.11.83.63.43.83.84.14.7
YoY Gr.--39.4%66.4%-14.8%-11.6%98.4%-6.3%12.4%0.3%7.8%-
BVPS (₹) 60.363.86666.968.672.175.778.179.98284.7
Adj Net
Profit
1.611.61.41.22.42.32.52.52.73
Cash Flow from Ops. 12.75.54.40.33.6-9.3-4-4.5-3.5-
Debt/CF from Ops. 151.90.20.42.50-0.5-1.5-0.1-1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2%10.3%11.3%4.6%
Adj EPS 6.2%17.7%6.7%7.8%
BVPS3.5%3.6%2.7%2.7%
Share Price 9.7% 34.3% 24.1% 49.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
42.43.83.12.75.24.654.95.15.7
Op. Profit
Mgn %
16.911.213.713.815.415.116.412.513.59.410.7
Net Profit
Mgn %
6.83.95.95.879.31110.19.49.710.1
Debt to
Equity
0.40.100000.10.100.10
Working Cap
Days
315334290276363246408465529509218
Cash Conv.
Cycle
183205168198302181230269337365170

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.70%

Sales growth is growing at healthy rate in last 3 years 11.30%

Sales growth is good in last 4 quarters at 15.54%

Net Profit has been subdued in last 3 years 6.70%

Latest Financials - Banaras Beads Ltd.

Standalone Consolidated
TTM EPS (₹) 4.7 -
TTM Sales (₹ Cr.) 31.1 -
BVPS (₹.) 84.7 -
Reserves (₹ Cr.) 50 -
P/BV 1.62 -
PE 28.98 -
From the Market
52 Week Low / High (₹) 83.00 / 153.80
All Time Low / High (₹) 2.75 / 153.80
Market Cap (₹ Cr.) 91.2
Equity (₹ Cr.) 6.6
Face Value (₹) 10
Industry PE 38.5

Management X-Ray of Banaras Beads:

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 Banaras Beads

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
Sales23.5724.7427.3223.7817.3125.7820.4725.1226.9728.22
Operating Expenses 19.5921.9823.5820.5014.7421.9917.1221.9723.3325.57
Manufacturing Costs5.436.334.233.023.115.956.408.016.767.41
Material Costs8.609.4413.0111.605.868.565.115.017.077.94
Employee Cost 2.963.323.172.893.173.523.253.964.384.70
Other Costs 2.612.893.1732.603.962.364.995.125.53
Operating Profit 3.982.763.753.272.573.793.363.153.642.65
Operating Profit Margin (%) 16.9%11.1%13.7%13.8%14.9%14.7%16.4%12.5%13.5%9.4%
Other Income 1.191.531.320.960.840.911.482.191.802.45
Interest 0.190.670.150.080.300.110.200.250.790.26
Depreciation 2.352.132.101.841.521.351.461.281.231.15
Exceptional Items 04.7700000000
Profit Before Tax 2.636.262.812.321.593.233.173.813.423.69
Tax 1.021.941.140.940.430.890.780.890.870.94
Profit After Tax 1.614.321.671.381.162.342.392.922.542.75
PAT Margin (%) 6.8%17.4%6.1%5.8%6.7%9.1%11.7%11.6%9.4%9.7%
Adjusted EPS (₹)2.46.52.52.11.83.53.64.43.94.2
Dividend Payout Ratio (%)41%38%40%0%0%0%0%45%52%48%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 39.8642.1843.6344.2145.3647.6650.0451.6352.8454.24
Share Capital 6.616.616.616.616.616.616.616.616.616.61
Reserves 33.2535.5737.0137.6038.7541.0543.4345.0246.2247.63
Minority Interest0000000000
Debt14.945.091.101.900.8404.335.800.293.29
Long Term Debt0000000000
Short Term Debt14.945.091.101.900.8404.335.800.293.29
Trade Payables0.270.960.820.340.270.130.270.750.650.44
Others Liabilities 3.3042.092.391.642.031.451.562.131.82
Total Liabilities 58.3852.2347.6348.8448.1149.8256.0959.7555.9159.79

Fixed Assets

Gross Block25.6327.2828.1928.6828.7439.6439.4030.8732.2133.03
Accumulated Depreciation11.5013.5015.5817.4218.9420.2921.2422.2523.4624.59
Net Fixed Assets14.1313.7812.6111.269.8019.3518.168.628.758.44
CWIP 0008.849.04000.380.250.45
Investments 6.193.673.193.123.154.893.123.133.043.03
Inventories12.9714.2511.3214.0713.7611.3211.9618.7021.7523.01
Trade Receivables0.551.340.720.790.700.292.684.596.206.68
Cash Equivalents 16.9910.5312.688.818.518.406.2512.221.1111.99
Others Assets7.548.667.121.963.155.5613.9212.1014.816.18
Total Assets 58.3852.2347.6348.8448.1149.8256.0959.7555.9159.79

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 12.725.494.430.333.64-9.31-4-4.45-3.47
PBT 2.636.262.812.321.593.233.173.813.423.69
Adjustment 1.250.640.920.960.810.650.13-0.660.45-0.82
Changes in Working Capital -2.12-3.273.232.21-1.580.7-11.8-6.23-7.44-5.36
Tax Paid -0.86-1.34-1.54-1.12-0.49-0.93-0.81-0.92-0.87-0.98
Cash Flow From Investing Activity -7.343.790.72-8.370.51-2.852.8910.060.9512.94
Capex -2.33-1.76-0.93-9.33-0.26-1.87-0.278.40-1.22-1.02
Net Investments -6.082.530.550.08-0.03-1.851.960.020.0912
Others 1.073.021.100.870.790.861.191.642.081.96
Cash Flow From Financing Activity 12.87-12.96-4.060.08-1.14-0.904.27-0.10-7.621.42
Net Proceeds from Shares 0.010.0200000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000-0.74-0.08-0.06-0.06-0.25-0.79-0.26
Dividend Paid -1.64-3.13-0.070000-1.33-1.33-1.33
Others 14.51-9.85-3.990.81-1.06-0.844.331.48-5.503.01
Net Cash Flow 6.53-6.452.15-3.86-0.30-0.11-2.155.97-11.1210.88
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.0710.523.893.152.585.034.95.744.875.14
ROCE (%)5.9813.586.445.274.097.136.627.267.67.14
Asset Turnover Ratio0.460.450.550.490.360.530.390.430.470.49
PAT to CFO Conversion(x)0.620.633.293.210.281.56-3.9-1.37-1.75-1.26
Working Capital Days
Receivable Days914141216727537383
Inventory Days180201171195293178208223274290
Payable Days1724251819914373625

Banaras Beads Ltd Stock News

Banaras Beads Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Banaras Beads on 21-Nov-2024 16:59 is ₹137.4.
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 Banaras Beads stood at ₹91.21.
The latest P/E ratio of Banaras Beads as of 21-Nov-2024 16:59 is 28.98.
The latest P/B ratio of Banaras Beads as of 21-Nov-2024 16:59 is 1.62.
The 52-week high of Banaras Beads is ₹153.8 and the 52-week low is ₹83.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Banaras Beads is ₹31.12 ( Cr.) .

About Banaras Beads Ltd

Banaras Beads was incorporated as a private limited company in April 1980, the company went public in October 1994. Promoted by Ajit Kumar Gupta and Raj Kumar Gupta, it commenced operations by manufacturing glass beads and imitation jewellery and later diversified into woolen products in Varanasi, Uttar Pradesh. The company also diversified into handicrafts, silk and silk fabrics, fashion accessories, garments, etc. It has modernised its computer facilities to set up a state-of-the-art computer-aided designing system.

The company has been in this line for over five decades and has been exporting for over two decades (since 1970) to 2000 clients in about fifty countries. It has received a number of awards for excellence in exports. In August 1994, it was recognized by the government as a Trading House. It is the largest exporter of glass beads in India, having a market share of over 80% of India's exports.

The company came out with a public issue in February 1995 to finance the expansion of its facilities for glass beads, imitation jewellery and woolen products. It has also created manufacturing facilities for gold and silver studded jewellery. The project was completed in 1995 at a cost of Rs 35.6 crore. The company has decided to enter into joint ventures in the US and Canada. It is setting up a manufacturing unit for glass related items as a part of diversification and expansion of its current manufacturing activities.

Business area of the company

Banaras Beads is engaged in the manufacture and distribution of handicraft products in India and internationally. It offers glass beads, buttons, chattons, woolen carpets, cords, fringes, pendants, pliers, pipes, home furnishing and decor products, gold and silver ornaments, necklaces, imitation jewelry, rosaries, tasbees, and hand knotted carpets and druggets.

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