Bindal Exports Ltd - Stock Valuation and Financial Performance

BSE: 540148 | NSE: | Textile | Small Cap

Bindal Exports Share Price

25.84 0.00 0.00%
as on 12-Sep'24 16:00

DeciZen - make an informed investing decision on Bindal Exports

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Bindal Exports stock performance -

mw4me loader
P/E Ratio (SA):
37.15
Market Cap:
11.9 Cr.
52-wk low:
16.1
52-wk high:
25.8

Is Bindal Exports Ltd an attractive stock to invest in?

1. Is Bindal Exports Ltd a good quality company?

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

2. Is Bindal Exports Ltd undervalued or overvalued?

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

3. Is Bindal Exports Ltd a good buy now?

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

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.
Bindal Exports 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 % 7.6%6.7%6.6%6.3%6.1%6%6.1%6.6%6%6.8%-
Value Creation
Index
-0.5-0.5-0.5-0.6-0.6-0.6-0.6-0.5-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 27.724.727.335.232.334.623.337.440.730.230
Sales YoY Gr.--10.9%10.5%29.2%-8.5%7.2%-32.6%60.8%8.6%-25.6%-
Adj EPS -0.10.20.30.30.20.30.40.70.90.70.7
YoY Gr.-NA93.8%-6.5%-27.6%47.6%41.9%65.9%26%-22.8%-
BVPS (₹) 18.718.917.517.818.518.819.320.12121.621
Adj Net
Profit
00.10.10.10.10.10.20.30.40.30
Cash Flow from Ops. 3.31.1-0.30.11.11.40-5.62.23.8-
Debt/CF from Ops. 2.98-29126.37.75.70-1.22.31.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1%-1.3%9.1%-25.6%
Adj EPS NA27.6%17.3%-22.8%
BVPS1.6%3.2%3.8%3%
Share Price - 49.9% 30% 53.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-0.70.921.71.11.72.33.74.53.33.3
Op. Profit
Mgn %
4.74.94.12.93.12.83.52.42.42.9NAN
Net Profit
Mgn %
-0.20.20.50.40.30.40.90.911.11.1
Debt to
Equity
1.51.411.110.90.20.70.50.4-
Working Cap
Days
2512492382112292032361481691870
Cash Conv.
Cycle
161162161143165147151961131190

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 17.29%

Debt to equity has declined versus last 3 years average to 0.41

Return on Equity has declined versus last 3 years average to 3.30%

Sales growth has been subdued in last 3 years 9.11%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Bindal Exports Ltd.

Standalone Consolidated
TTM EPS (₹) 0.7 -
TTM Sales (₹ Cr.) 30.2 -
BVPS (₹.) 21 -
Reserves (₹ Cr.) 5 -
P/BV 1.23 -
PE 37.15 -
From the Market
52 Week Low / High (₹) 16.10 / 25.84
All Time Low / High (₹) 3.22 / 28.60
Market Cap (₹ Cr.) 11.9
Equity (₹ Cr.) 4.6
Face Value (₹) 10
Industry PE 26.8

Management X-Ray of Bindal Exports:

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 Bindal Exports

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
Sales27.6924.6827.2835.2432.2534.5623.2837.4440.6630.24
Operating Expenses 26.3923.4826.1534.2131.2733.6022.4636.5539.7029.37
Manufacturing Costs5.686.515.604.915.346.753.186.497.145.02
Material Costs19.7415.5919.0426.6622.3723.3815.4525.0626.3918.98
Employee Cost 0.580.941.111.331.511.601.622.072.342.73
Other Costs 0.390.450.401.312.061.862.212.933.832.65
Operating Profit 1.301.201.131.030.980.960.820.890.960.87
Operating Profit Margin (%) 4.7%4.9%4.1%2.9%3.0%2.8%3.5%2.4%2.4%2.9%
Other Income 0.24000.070.100.070.01000.17
Interest 1.220.920.790.800.830.830.530.450.460.59
Depreciation 0.290.160.100.060.060.030.030.030.040.06
Exceptional Items 0000000000
Profit Before Tax 0.030.120.250.230.190.170.280.410.460.38
Tax 0.070.060.100.090.10-0.020.070.080.040.06
Profit After Tax -0.040.050.140.140.090.190.210.340.420.32
PAT Margin (%) -0.1%0.2%0.5%0.4%0.3%0.5%0.9%0.9%1.0%1.1%
Adjusted EPS (₹)-0.10.20.30.30.20.40.50.70.90.7
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 6.286.338.058.198.508.668.889.239.659.94
Share Capital 1.971.974.604.604.604.604.604.604.604.60
Reserves 4.304.363.453.593.904.064.284.635.055.34
Minority Interest0000000000
Debt9.028.647.718.618.297.681.366.194.613.97
Long Term Debt0.710.470.1900000.560.110
Short Term Debt8.308.177.528.618.297.681.365.634.503.97
Trade Payables3.191.764.575.723.793.992.434.144.072
Others Liabilities 1.170.940.890.490.340.560.661.771.570.93
Total Liabilities 19.6617.6821.222320.9220.8913.3421.3319.9116.84

Fixed Assets

Gross Block2.752.782.782.682.791.421.631.602.714.97
Accumulated Depreciation1.121.281.371.321.330000.981.04
Net Fixed Assets1.631.501.401.361.451.421.631.601.733.93
CWIP 0000000000
Investments 0.060.080.100.120.150.010.030.030.030
Inventories6.717.457.635.014.445.633.544.643.835.10
Trade Receivables8.124.8310.6815.5214.1411.795.8013.1812.274.89
Cash Equivalents 0.270.090.110.290.090.250.830.100.060.03
Others Assets2.873.721.300.710.641.801.511.791.992.88
Total Assets 19.6617.6821.222320.9220.8913.3421.3319.9116.84

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 3.311.10-0.280.071.081.350-5.612.173.75
PBT 0.030.120.250.230.190.1700.410.460.32
Adjustment 1.301.010.420.820.830.7600.440.500.62
Changes in Working Capital 2.050.04-0.83-0.9-0.110.490-6.41.252.84
Tax Paid -0.07-0.06-0.10-0.09-0.06-0.030-0.08-0.040
Cash Flow From Investing Activity -0.10-0.05-0.02-0.03-0.180.1400-0.17-2.20
Capex -0.08-0.0300-0.15000-0.17-2.26
Net Investments -0.02-0.02-0.02-0.02-0.020.140000.06
Others 0000000000
Cash Flow From Financing Activity -3.02-1.230.320.13-1.09-1.3404.87-2.04-1.57
Net Proceeds from Shares 0020000000
Net Proceeds from Borrowing 0-0.13-0.651.090000-0.45-0.11
Interest Paid -1.03-0.85-0.74-0.77-0.77-0.730-0.41-0.46-0.59
Dividend Paid 0000000000
Others -1.99-0.24-0.28-0.19-0.32-0.6105.28-1.13-0.87
Net Cash Flow 0.19-0.180.020.17-0.190.150-0.73-0.04-0.02
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-0.660.8721.781.112.22.423.724.453.32
ROCE (%)7.566.696.66.276.056.016.096.586.026.79
Asset Turnover Ratio1.321.321.41.591.471.661.362.161.971.65
PAT to CFO Conversion(x)N/A22-20.5127.110-16.55.1711.72
Working Capital Days
Receivable Days1259610413616813713892114104
Inventory Days9010510165535372403854
Payable Days67586170786176485758

Bindal Exports Ltd Stock News

Bindal Exports Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bindal Exports on 12-Sep-2024 16:00 is ₹25.84.
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 12-Sep-2024 16:00 the market cap of Bindal Exports stood at ₹11.89.
The latest P/E ratio of Bindal Exports as of 12-Sep-2024 16:00 is 37.15.
The latest P/B ratio of Bindal Exports as of 12-Sep-2024 16:00 is 1.23.
The 52-week high of Bindal Exports is ₹25.84 and the 52-week low is ₹16.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bindal Exports is ₹30.24 ( Cr.) .

About Bindal Exports Ltd

Bindal Exports began its journey as a partnership firm registered under the name and style of M/s J B Exports in the year 1997. On May 22, 2007, the firm was converted into a private limited Company and thereafter in September 2016, it became a Public Company. The registered office of the company is located at ‘Bindal House’, Surat-Kadodara Road, Kumbharia, Surat in Gujarat and the Stitching unit of the company is located at Kadodara Char Rasta, Kadodara, Taluka: Palsana, Surat.

Founded by Ravindrakumar Arya, the company forms part of the esteemed Bindal group, which is a well known group in Surat Textile Market offering an array of textile products and services ranging from processing, designing to manufacturing. The group has an operating history of more than three decades and has carved a niche for itself in the textile market. With his vast experience, its promoter has been instrumental in determining the vision and growth strategies for the company.

The company caters to both domestic as well as international markets. The company has also been recognized by Government of India as a ‘One Star Export House’ and holds a valid certificate for the same from the Director General of Foreign Trade. It has a dedicated marketing team headed by its management looking after its operations. The company has also been recipient of several awards in the past from The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), The Southern Gujarat Chamber of Commerce & Industries, Surat (SGCCI) for its valued contribution.

Business area of the company

The company is involved in supplying fabrics, trading of grey cloth and finished fabrics and job work of fabric & Job work of fabrics includes value addition work such as embroidery work, Tikli work, glitter work etc. For carrying out job work operations, it has a stitching and cutting facility with requisite machineries and facilities for servicing the value addition needs of the customers. The company’s Product portfolio comprises of wide range of fabrics such as polyester, viscose, rayon etc. These fabrics come in variety of material, size and colours. Its products are mainly used by garment houses for manufacturing of garments in the apparel industry.

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