Is Binny a good quality company?

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

Is Binny undervalued or overvalued?

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

What is Binny share price return in the past 10 years?

Binny Ltd share price has declined -5.6% annually (CAGR) over the past ten years.

Is Binny a good buy now?

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

Binny Ltd - Stock Valuation and Financial Performance

Name: Binny
Brand: Binny

BSE: 514215 | NSE: | Textile | Small Cap

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Binny Share Price

₹145.50 0.00 0.00%
as on 08-Jul'24 16:01

10 Year X-Ray of Binny:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-16.3%	2.5%	-1.9%	135.9%	10.4%	6.1%	12.5%	10.5%	15.6%	29%	-
Value Creation Index ⓘ	-2.2	-0.8	-1.1	8.7	-0.3	-0.6	-0.1	-0.3	0.1	1.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	9.2	7.2	0.1	455	45.9	0.4	40.8	29.4	74.4	147	159
Sales YoY Gr.	-	-21.7%	-99.3%	9,10,540%	-89.9%	-99.2%	11,225%	-28%	153.3%	97.4%	-
Adj EPS ⓘ	-14.8	0.9	-3.9	125.2	3	-6.7	-8	9	14.9	26.6	10.2
YoY Gr.	-	NA	-543.2%	NA	-97.6%	-326.9%	NA	NA	65.3%	78.1%	-
BVPS (₹) ⓘ	29.7	30.6	26.7	103.6	122.7	126	118.6	129.1	147.3	180.3	194.9
Adj Net Profit ⓘ	-32.9	2	-8.7	280	6.6	-15	-17.8	20.2	33.3	59.4	23
Cash Flow from Ops. ⓘ	57.9	-10	11.3	9.6	-129	31.5	28.7	15.7	316	41.1	-
Debt/CF from Ops. ⓘ	0	-2	1.8	22.3	-2.8	10.5	11.8	17	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	36%	26.2%	53.3%	97.4%
Adj EPS ⓘ	NA	55%	NA	78.1%
BVPSⓘ	22.2%	8%	15%	22.5%
Share Price	-5.6%	12.2%	-7.5%	-29.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-12.5	0.8	-3.8	110.4	2.2	-4.6	-5.5	6.3	9.5	15	5.4
Op. Profit Mgn % ⓘ	16.4	60.8	-11877.5	93.2	89.9	-1174.8	83.4	65.4	79.3	70	54.2
Net Profit Mgn % ⓘ	-356.6	27.2	-19231.8	61.4	14.5	-4137.3	-43.7	68.7	44.8	40.5	14.4
Debt to Equity ⓘ	0	0.1	0.1	0.9	1.3	1.2	1.3	0.9	0	0	-
Working Cap Days ⓘ	878	13,374	50,42,867	647	8,003	11,19,733	9,992	14,294	5,037	2,202	1,076
Cash Conv. Cycle ⓘ	-225	25	12,04,488	194	2,288	3,00,768	2,071	3,414	1,389	1,034	911

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 53.28%

Return on Equity has declined versus last 3 years average to 5.40%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 3.42%

Latest Financials - Binny Ltd.

	Standalone	Consolidated
TTM EPS (₹)	10.2	1.8
TTM Sales (₹ Cr.)	159	7.9
BVPS (₹.) ⓘ	194.9	0
Reserves (₹ Cr.) ⓘ	424	85
P/BV ⓘ	0.72	0.00
PE ⓘ	13.81	79.61

From the Market
52 Week Low / High (₹)	135.05 / 205.00
All Time Low / High (₹)	1.00 / 453.80
Market Cap (₹ Cr.)	315
Equity (₹ Cr.)	11.2
Face Value (₹)	5
Industry PE ⓘ	30.2

Management X-Ray of Binny:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

25.41

0.00

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

Valuation of Binny

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Binny

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	9	7	0	455	46	0	41	29	74	147
Operating Expenses ⓘ	8	3	5	31	5	5	7	10	15	44
Manufacturing Costs	1	0	0	0	0	2	0	2	0	9
Material Costs	0	0	0	1	0	0	1	3	7	14
Employee Cost	1	1	1	2	2	2	2	2	2	5
Other Costs ⓘ	6	1	4	28	2	1	4	3	6	16
Operating Profit ⓘ	2	4	-5	424	41	-4	34	19	59	103
Operating Profit Margin (%)	16.4%	60.8%	-11,877.5%	93.2%	89.6%	-1,175.1%	83.4%	65.3%	79.3%	70.0%
Other Income ⓘ	0	1	2	13	15	42	42	42	10	8
Interest ⓘ	22	2	5	22	23	46	38	28	16	8
Depreciation ⓘ	0	1	0	0	0	0	0	0	0	4
Exceptional Items ⓘ	-40	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-61	2	-9	415	34	-9	38	33	53	99
Tax ⓘ	0	0	0	136	27	6	55	12	20	39
Profit After Tax	-61	2	-9	279	7	-15	-18	20	33	59
PAT Margin (%)	-656.0%	27.1%	-19,231.8%	61.3%	14.2%	-4,135.7%	-43.7%	69.1%	45.0%	40.4%
Adjusted EPS (₹)	-27.1	0.9	-3.9	125.1	2.9	-6.7	-8.0	9.1	15.0	26.6
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	233	235	226	280	323	330	312	333	366	426
Share Capital ⓘ	128	128	128	11	11	11	11	11	11	11
Reserves ⓘ	104	106	97	269	312	319	301	322	355	414
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	15	8	214	360	331	338	266	1	1
Long Term Debt	0	15	8	214	360	331	338	266	1	1
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	0	0	0	0	1	1	7	1	0	0
Others Liabilities ⓘ	80	274	503	390	455	443	486	573	528	502
Total Liabilities ⓘ	313	524	737	885	1,139	1,105	1,144	1,173	895	929
Fixed Assets
Gross Block	305	8	3	3	3	3	3	3	4	39
Accumulated Depreciation	4	5	0	1	1	1	1	1	2	6
Net Fixed Assetsⓘ	300	3	2	2	2	2	2	1	2	33
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	0	0	2	0	0	0	1	1	1
Inventories	0	0	298	299	299	299	298	294	287	541
Trade Receivables	1	0	0	0	1	1	2	1	1	4
Cash Equivalents	0	3	1	1	4	5	7	6	5	11
Others Assetsⓘ	11	517	435	581	834	798	835	870	599	340
Total Assets ⓘ	313	524	737	885	1,139	1,105	1,144	1,173	895	929

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	58	-10	11	10	-129	31	29	16	316	41
PBT ⓘ	-61	2	-9	415	34	-9	38	33	53	99
Adjustment ⓘ	56	1	7	13	6	4	-4	-13	6	4
Changes in Working Capital ⓘ	64	-13	13	-419	-37	42	15	20	267	-41
Tax Paid ⓘ	-1	0	0	0	-132	-6	-21	-24	-10	-20
Cash Flow From Investing Activity ⓘ	3	0	-1	0	3	0	0	0	-1	-27
Capex	0	0	-1	0	0	0	0	0	-1	-35
Net Investments	3	0	0	0	2	0	0	0	0	0
Others ⓘ	0	0	0	0	1	0	0	0	0	8
Cash Flow From Financing Activityⓘ	-63	13	-12	-10	127	-30	-31	-14	-315	-8
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	15	-7	0	0	0	0	0	0	0
Interest Paid ⓘ	-22	-2	-5	-2	-1	0	-16	-11	-16	-8
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-41	0	0	-7	129	-30	-15	-3	-300	0
Net Cash Flow ⓘ	-2	2	-2	0	1	2	-2	2	-1	6

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	-62.7	2.92	-13.63	192.02	2.59	-5.42	-6.53	7.34	10.85	16.24
ROCE (%)	-16.29	2.5	-1.88	135.91	10.41	6.05	12.51	10.53	15.59	28.96
Asset Turnover Ratio	0.03	0.02	0	0.56	0.05	0	0.04	0.03	0.07	0.16
PAT to CFO Conversion(x)	N/A	-5	N/A	0.04	-18.43	N/A	N/A	0.8	9.58	0.69
Working Capital Days
Receivable Days	51	40	3,364	0	4	906	13	17	5	6
Inventory Days	0	0	0	239	2,377	0	2,669	3,679	1,428	1,029
Payable Days	0	0	0	167	470	0	1,116	411	31	11

Binny Ltd Stock News

Binny Ltd FAQs

What is the share price of Binny?

Company share prices are keep on changing according to the market conditions. The closing price of Binny on 08-Jul-2024 16:01 is ₹145.5.

What is the market cap of Binny?

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 08-Jul-2024 16:01 the market cap of Binny stood at ₹314.6.

What is the P/E ratio of Binny?

The latest P/E ratio of Binny as of 08-Jul-2024 16:01 is 13.81.

What is the P/B ratio of Binny?

The latest P/B ratio of Binny as of 08-Jul-2024 16:01 is 0.72.

What is the 52-week high and low of Binny?

The 52-week high of Binny is ₹205.0 and the 52-week low is ₹135.1.

What is the TTM revenue of Binny?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Binny is ₹158.6 ( Cr.) .

About Binny Ltd

Binny was established in 1969 to take over by a Scheme of Amalgamation of Buckingham & Carnatic Co. Ltd. Bangalore Woollen Cotton & Silk Mills Co Ltd. Binny & Co Ltd. Ganges Transport & Trading Co. Ltd. and Madura Co. Private Ltd. with effect from 1st November.

Binny was revived through a BIFR package. The company was being jointly managed by the Udayar group and Dynamix group.They decided in August 1996 to split the company into two companies :Binny and Binny (Karnataka).

The main reason for the split was to have operational convenience, particularly raising working capitals beside plan for new investment

The Appellate Authority for Industrial and Financial Reconstruction has upheld an order passed by the Board for Industrial and Financial Reconstruction rejecting the Binny Ltd.'s proposal to sell 1,260 grounds of the company at Perambur, Chennai, for Rs. 60 crores.

In its order dated February 23, the BIFR held that the offer of Rs. 60 crores was 50 per cent of the earlier valuation done in 1999 at Rs.119 crores. It therefore rejected the proposal for sale of the lands for Rs. 60 crores and reconstituted an Asset Sale Committee for sale of the land.

The Binny Ltd. and another challenged the order before the Appellate Authority contending that it had entered into settlement with the charge holders of the land and also with about 95 per cent of the workers, who were agreeable for this sale of land for Rs. 60 crores and a rehabilitation scheme would be possible if this sale was allowed to be made.

Business area of the company:

The Company is engaged in the business of marketing textiles goods, marketing engineering and other products, shipping related business, operating cold storage at Cochin, travel agency business approved by IATA and TAI, real estate and Container Freight Station.