Bartronics India Ltd

Bartronics India Ltd

₹ 23.6 1.07%
18 May - close price
About

Incorporated in 1990, Bartronics India Ltd. is engaged in providing solutions based on Bar Coding, Biometrics, RFID, POS, EAS, and Smart Cards etc.

Key Points

Business Overview:[1]
The company started with providing solutions based on barcode using AIDC technologies. The company also ventured into Financial Inclusion projects driven by Reserve Bank of India popularly known as “Jan Dhan Yojana”

  • Market Cap 717 Cr.
  • Current Price 23.6
  • High / Low 28.8 / 7.60
  • Stock P/E
  • Book Value 17.3
  • Dividend Yield 0.00 %
  • ROCE -0.19 %
  • ROE -9.36 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.97% over past five years.
  • Company has a low return on equity of -25.6% over last 3 years.
  • Earnings include an other income of Rs.460 Cr.
  • Company has high debtors of 2,363 days.
  • Working capital days have increased from 894 days to 2,188 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
15 14 16 15 18 15 16 16 18 15 14 11 12
15 13 14 14 16 14 15 15 16 14 13 12 12
Operating Profit 1 1 1 1 2 1 2 2 2 1 1 -0 -0
OPM % 4% 9% 9% 9% 10% 6% 9% 9% 10% 9% 7% -2% -1%
0 0 0 0 0 0 0 0 0 0 0 0 460
Interest 13 13 13 13 13 13 13 13 13 13 13 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax -13 -13 -13 -13 -12 -13 -13 -13 -12 -13 -13 -1 459
Tax % 1% 1% 1% -1% 10% 1% 1% 1% 1% -6% 1% 14% 4%
-13 -13 -13 -13 -11 -13 -13 -12 -12 -14 -13 -1 440
EPS in Rs -3.87 -3.75 -3.71 -3.81 -3.19 -3.87 -3.68 -3.66 -3.57 -3.99 -3.79 -0.33 14.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
888 1,163 153 108 109 85 75 69 66 63 65 52
683 1,117 235 156 97 75 61 85 59 57 60 50
Operating Profit 205 46 -82 -48 12 10 14 -16 7 6 6 2
OPM % 23% 4% -53% -44% 11% 12% 19% -24% 11% 9% 9% 4%
9 34 63 62 19 -3 2 0 3 0 0 460
Interest 61 73 51 70 56 52 52 52 52 52 52 26
Depreciation 54 73 53 57 11 6 6 5 5 4 4 4
Profit before tax 100 -67 -122 -113 -36 -51 -42 -74 -47 -50 -51 432
Tax % -10% -6% 37% 13% 6% 1% 1% 10% -9% 2% 1% 5%
110 -71 -77 -99 -33 -51 -42 -66 -51 -49 -50 412
EPS in Rs 32.30 -20.96 -22.51 -28.98 -9.83 -14.98 -12.29 -19.48 -15.06 -14.46 -14.77 13.54
Dividend Payout % 3% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -27%
5 Years: -7%
3 Years: -7%
TTM: -20%
Compounded Profit Growth
10 Years: 5%
5 Years: 6%
3 Years: 13%
TTM: 45%
Stock Price CAGR
10 Years: 9%
5 Years: 33%
3 Years: 103%
1 Year: 172%
Return on Equity
10 Years: -22%
5 Years: -30%
3 Years: -26%
Last Year: -9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 34 34 34 34 34 34 34 34 34 34 34 30
Reserves 513 430 330 228 205 163 146 125 114 60 32 498
587 295 700 625 705 723 669 720 1,045 1,090 1,154 0
547 1,058 811 693 728 726 634 601 406 395 398 222
Total Liabilities 1,682 1,817 1,875 1,579 1,672 1,646 1,483 1,480 1,600 1,578 1,619 750
444 374 323 267 258 248 239 234 227 223 218 199
CWIP 43 16 13 14 14 14 14 14 12 12 12 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
1,194 1,428 1,539 1,298 1,400 1,384 1,230 1,233 1,361 1,344 1,388 551
Total Assets 1,682 1,817 1,875 1,579 1,672 1,646 1,483 1,480 1,600 1,578 1,619 750

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
94 81 94 123 -8 4 -4 9 61 2 4 -4
-6 -3 -56 -24 5 -1 4 43 10 0 0 1
-92 -60 -44 -117 4 -2 0 -52 -69 -0 0 -2
Net Cash Flow -4 18 -6 -18 1 1 -0 0 2 2 4 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 313 351 3,147 3,603 3,904 4,940 4,353 5,030 5,923 6,099 6,051 2,363
Inventory Days 14 2 15 53 47 96 173 77 124 389 21
Days Payable 225 352 1,528 2,792 1,753 5,428 8,185 4,936 3,179 19,744 23,400
Cash Conversion Cycle 102 1 1,635 864 2,198 -391 -3,659 171 2,867 6,099 -13,304 -21,016
Working Capital Days 188 55 286 -43 -58 -236 -311 -478 389 253 240 2,188
ROCE % 15% 1% -8% -4% 8% 0% 1% -2% 1% 0% 0% -0%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
10.55% 10.55% 10.55% 10.55% 10.55% 10.54% 0.00% 90.00% 90.00% 90.00% 90.00% 90.00%
1.95% 1.95% 1.95% 1.95% 1.95% 1.95% 2.18% 0.22% 0.22% 0.22% 0.22% 0.22%
87.50% 87.50% 87.50% 87.50% 87.50% 87.48% 97.81% 9.78% 9.78% 9.78% 9.77% 9.78%
No. of Shareholders 37,82937,14437,12837,20736,93636,65236,45436,31835,97435,94835,68838,594

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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