Pradhin Ltd - Stock Valuation and Financial Performance

BSE: 530095 | NSE: | Trading | Small Cap

Bhagwandas Metals Share Price

27.90 -0.09 -0.32%
as on 26-Dec'24 15:25

DeciZen - make an informed investing decision on Bhagwandas Metals

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Pradhin stock performance -

mw4me loader
P/E Ratio (SA):
54.23
Market Cap:
94.7 Cr.
52-wk low:
25.7
52-wk high:
53.3

Is Pradhin Ltd an attractive stock to invest in?

1. Is Pradhin Ltd a good quality company?

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

2. Is Pradhin Ltd undervalued or overvalued?

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

3. Is Pradhin Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Pradhin 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 Bhagwandas Metals:

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.
Pradhin 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 % 6.5%2.4%4.2%1.8%-26%11.3%-3.4%6.8%-1.5%10.5%-
Value Creation
Index
-0.5-0.8-0.7-0.9-2.9-0.2-1.2-0.5-1.1-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 46.222.127.917.832.71142419.317.14.685
Sales YoY Gr.--52.2%26.4%-36.3%83.9%249.6%-79.1%-19.5%-11.6%-73%-
Adj EPS 0.40.20.4-0-3.61.1-0.50.7-0.21.20.5
YoY Gr.--42.9%75%-105.7%NANA-146.7%NA-131.4%NA-
BVPS (₹) 15.81616.316.312.613.712.713.513.214.419.8
Adj Net
Profit
0.20.10.20-1.70.5-0.20.3-0.10.52
Cash Flow from Ops. 0.51.43.3-0.2-1.20.1-0.10-0.10-
Debt/CF from Ops. 7.52.30.80000-0.8-0.40.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -22.6%-32.5%-42.3%-73%
Adj EPS 14.5%NANANA
BVPS-1%2.7%4.3%8.9%
Share Price 14.9% -9.5% -13.8% -16.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
2.21.32.1-0.1-258-3.75.3-1.78.63
Op. Profit
Mgn %
10.51.10.7-5.30.6-1.1-3.2-1.3-3.51.4
Net Profit
Mgn %
0.40.40.6-0.1-5.10.4-11.7-0.611.82.1
Debt to
Equity
0.50.40.300000000.2
Working Cap
Days
9818912315913940107126146565129
Cash Conv.
Cycle
58904882621988100115414109

Recent Performance Summary

Sales growth is good in last 4 quarters at 743.32%

Return on Equity has declined versus last 3 years average to 3.00%

Sales growth has been subdued in last 3 years -42.31%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Pradhin Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 -
TTM Sales (₹ Cr.) 84.6 -
BVPS (₹.) 19.8 -
Reserves (₹ Cr.) 33 -
P/BV 1.42 -
PE 54.23 -
From the Market
52 Week Low / High (₹) 25.67 / 53.30
All Time Low / High (₹) 1.23 / 71.40
Market Cap (₹ Cr.) 94.7
Equity (₹ Cr.) 33.8
Face Value (₹) 10
Industry PE 62.6

Management X-Ray of Bhagwandas Metals:

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 Bhagwandas Metals

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
Sales46.2022.0927.9217.8032.74114.4623.9619.2917.064.60
Operating Expenses 45.7521.9827.6117.6834.48113.8324.2219.9017.284.77
Manufacturing Costs0.090.090.080.030.010.010000
Material Costs44.4720.7626.4216.8531.81113.1923.8219.1216.964.57
Employee Cost 0.230.210.230.180.140.100.040.030.040.05
Other Costs 0.970.920.880.622.530.530.350.750.280.14
Operating Profit 0.440.110.310.12-1.740.63-0.26-0.61-0.22-0.16
Operating Profit Margin (%) 1.0%0.5%1.1%0.7%-5.3%0.5%-1.1%-3.2%-1.3%-3.5%
Other Income 0.290.170.140.050.010.060.051.030.120.83
Interest 0.460.130.210.10000.010.010.020.01
Depreciation 0.040.020.010.01000000
Exceptional Items 0000000000
Profit Before Tax 0.230.130.230.06-1.730.68-0.210.40-0.120.66
Tax 0.080.040.070.07-0.070.200.010.06-0.010.12
Profit After Tax 0.160.090.16-0.01-1.660.48-0.230.34-0.100.54
PAT Margin (%) 0.3%0.4%0.6%-0.1%-5.1%0.4%-0.9%1.7%-0.6%11.8%
Adjusted EPS (₹)0.40.20.40.0-3.61.1-0.50.7-0.21.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 7.247.347.497.485.816.305.856.186.086.63
Share Capital 3.653.653.653.653.653.653.653.653.653.65
Reserves 3.603.693.843.832.172.652.202.542.442.98
Minority Interest0000000000
Debt3.683.212.5800000.040.040.01
Long Term Debt00000000.040.040
Short Term Debt3.683.212.580000000.01
Trade Payables2.341.581.820.0111.490.610.750.720.810.98
Others Liabilities 0.290.260.991.170.901.09-0.06-0.04-0.16-0.07
Total Liabilities 13.5612.3812.878.6518.2086.546.906.787.54

Fixed Assets

Gross Block0.480.480.040.480.480.370.370.270.060.06
Accumulated Depreciation0.420.440.010.460.460.360.360.260.060.06
Net Fixed Assets0.060.040.030.020.020.010.010.0100
CWIP 0000000000
Investments 0.300.300.300.300.300.300000
Inventories0.440.370.5100000.1204.21
Trade Receivables8.295.873.985.4517.376.806.065.876.350.84
Cash Equivalents 0.671.634.121.240.070.180.030.030.030.02
Others Assets3.794.183.931.640.450.720.440.870.402.48
Total Assets 13.5612.3812.878.6518.2086.546.906.787.54

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.491.393.27-0.22-1.160.08-0.12-0.04-0.110.02
PBT 0.230.130.230-1.730.68-0.210.40-0.120.66
Adjustment 0.21-0.020.170.08-0.01-0.02-0.01-1.01-0.10-0.83
Changes in Working Capital 0.121.332.81-0.310.58-0.530.120.590.090.16
Tax Paid -0.07-0.050.0600-0.05-0.01-0.020.010.02
Cash Flow From Investing Activity 0.290.170.040.030.010.020.020.020.120
Capex 0000000000
Net Investments 0000000000
Others 0.290.170.040.030.010.020.020.020.120
Cash Flow From Financing Activity -0.37-0.60-0.84-2.6800-0.010.02-0.01-0.03
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-0.63-2.580000.040.01-0.04
Interest Paid 0.09-0.13-0.21-0.1000-0.01-0.01-0.020
Dividend Paid -0.46000000000
Others 0-0.4800000000.01
Net Cash Flow 0.410.962.48-2.87-1.150.10-0.1000-0.01
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.231.272.14-0.13-25.047.99-3.745.61-1.678.55
ROCE (%)6.452.424.241.84-26.0111.31-3.416.77-1.510.49
Asset Turnover Ratio3.51.72.211.662.448.743.32.872.490.64
PAT to CFO Conversion(x)3.0615.4420.44N/AN/A0.17N/A-0.12N/A0.04
Working Capital Days
Receivable Days6511764971273998113131285
Inventory Days976000020333
Payable Days17342320662010141771

Pradhin Ltd Stock News

Pradhin Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bhagwandas Metals on 26-Dec-2024 15:25 is ₹27.90.
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 26-Dec-2024 15:25 the market cap of Bhagwandas Metals stood at ₹94.68.
The latest P/E ratio of Bhagwandas Metals as of 26-Dec-2024 15:25 is 54.23.
The latest P/B ratio of Bhagwandas Metals as of 26-Dec-2024 15:25 is 1.42.
The 52-week high of Bhagwandas Metals is ₹53.30 and the 52-week low is ₹25.67.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhagwandas Metals is ₹84.63 ( Cr.) .

About Pradhin Ltd

Bhagwandas Metals Limited (BML) is one of the leading manufacturers of Hi-strength Deformed Bars (HSD Bars/CTD Bars) in South India. Since its inception in 1982 , BML has undertaken several modernization programmes to augment production and upgrade the quality of the product to cater to the increasing demands. As a result, BML's products have been known for their superior quality.

The company manufactures hi-strength Deformed Steel Bars (also called Cold Twisted Deformed Bars ) conforming to IS specifications. Conventionally, mild steel rods were used in most of the construction industry. There was a need to bring out some other product with more strength in terms of both higher yield and bond strength and could also reduce the usage of steel in construction. This urge led to the introduction of HSD Bars which brought about a revolution in the re-inforced concrete construction industry.

The use of HSD Bars led to a saving of about 40-60% ( depending upon the grade of product used ) in terms of quantity of steel as compared to mild steel rods. In addition, due to higher bond strength and hyper resistance in the HSD Bars, the safety and life of the structures improved significantly and thus they were most apt for usage in all minor and major construction activities like dams, harbours, bridges etc.

The promoters of the company are in the field since 1965 and are seasoned with rich experience backed by a dedicated and qualified technical team and with most modern plant. This enables the company to maintain the quality meticulously along with giving prompt deliveries at most competitive rates.

The plant of the company is spread about an area of about 5 acres located at Manali, Chennai which is one of the most developed industrial areas in Chennai. It is also the nearest in proximity to the upcoming Sathangadu wholesale steel market in Manali. The mill is completely automatic with state-of-art facilities. The excellent roll design, superior roll quality and roller guides ensure that the product is defect free and consistent.

A full fledged Laboratory consisting of modern methods of chemical, metallurgical and physical quality testing helps to monitor the quality as a continous process. The shop floor is well equipped with a large workshop with latest techniques and lathes to ensure trouble free production. The Factory also has a computerised weigh bridge for accurate weighment

Product range of the company includes:

  • M. S. Angles -This is a structural material with cross section of 90 degree angle. The dimension is determined by the length and the thickness of the two sides. If the lenghts of the two sides are equal, it is equal angle, otherwise it is unequal. It is used in all construction activity. The most common length available is between 10m to 12m.
  • R. S Joist- Joists have a H cross section and have dimensions in the format of length of the horizontal part to the vertical part in the H. They are mainly used in construstion for providing strength to the roof. They are also used as support structure for bridges.
  • Ribbed Torsteel - Tor Steel is a very important material in constuction of any super structure. It is chiefly used in foundation and also for reinforcing cement concrete. The cross section is circular and it comes in thickness from 6mm to 50 mm.
  • M. S. Flats- Flats are basically thin strips of mild steel with the thickness of the strip varying commonly from 12mm to 100mm though thicker flats are also available.Rounds- As the name suggests, this product has a circular cross section. It is referred in terms of the diameter of the circle.
  • M. S. Channels - It is referred by the dimension of the horizontal part to the vertical part. It is generally available in lengths varying from 10m to 12m.
  • Window Section Angles - These are angles with cross sections of T and J. They are mainly used in the construction of window panes, doors etc.
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