W H Brady & Co Ltd

W H Brady & Co Ltd

₹ 434 0.60%
28 Mar - close price
About

Incorporated in 1913, W. H. Brady & Company Ltd is in the business of trading material handling equipment, aviation support service, general engineering item, and Renting of Space Building

Key Points

Business Overview:[1]
Company provides support services and solutions for Aviation and Highways sectors in India. It is also deals in Trading Material Handling Equipment. These products are distributed throughout India by a network of dealers and distributors which are managed by its subsidiary Brady & Morris Engineering Co. Ltd.

  • Market Cap 111 Cr.
  • Current Price 434
  • High / Low 625 / 238
  • Stock P/E 14.0
  • Book Value 216
  • Dividend Yield 0.00 %
  • ROCE 17.0 %
  • ROE 11.2 %
  • Face Value 10.0

Pros

  • Company's working capital requirements have reduced from 106 days to 67.9 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.81% over last 3 years.
  • Earnings include an other income of Rs.5.84 Cr.

* 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
15.79 15.33 10.90 13.51 15.21 19.59 17.58 20.28 17.62 18.91 17.67 18.88 22.72
13.72 13.75 9.72 11.46 13.36 17.23 15.72 17.26 15.31 16.40 14.74 16.74 20.19
Operating Profit 2.07 1.58 1.18 2.05 1.85 2.36 1.86 3.02 2.31 2.51 2.93 2.14 2.53
OPM % 13.11% 10.31% 10.83% 15.17% 12.16% 12.05% 10.58% 14.89% 13.11% 13.27% 16.58% 11.33% 11.14%
0.19 0.54 0.35 0.29 0.25 0.62 0.14 0.48 0.44 0.37 2.14 1.46 1.87
Interest 0.18 0.29 0.21 0.18 0.18 0.28 0.17 0.19 0.27 0.19 0.20 0.21 0.40
Depreciation 0.43 0.43 0.33 0.34 0.36 0.37 0.26 0.33 0.33 0.35 0.28 0.29 0.32
Profit before tax 1.65 1.40 0.99 1.82 1.56 2.33 1.57 2.98 2.15 2.34 4.59 3.10 3.68
Tax % 13.33% -5.71% 27.27% 25.82% 39.10% 14.16% 30.57% 18.79% 28.37% 22.65% 29.41% 27.74% 27.72%
1.44 1.48 0.73 1.35 0.95 2.00 1.09 2.41 1.54 1.80 3.23 2.24 2.66
EPS in Rs 4.55 4.90 2.16 4.20 3.02 6.90 3.10 8.04 4.82 5.41 10.75 6.75 8.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
45.41 43.98 46.31 45.14 46.32 49.55 38.65 59.06 66.70 52.46 59.20 74.39 78.18
43.55 35.12 36.32 36.95 38.12 41.57 35.99 49.34 58.67 45.49 51.68 64.88 68.07
Operating Profit 1.86 8.86 9.99 8.19 8.20 7.98 2.66 9.72 8.03 6.97 7.52 9.51 10.11
OPM % 4.10% 20.15% 21.57% 18.14% 17.70% 16.10% 6.88% 16.46% 12.04% 13.29% 12.70% 12.78% 12.93%
3.10 0.35 -0.24 -0.41 0.29 0.88 3.87 0.94 1.45 1.06 1.44 1.61 5.84
Interest 3.57 3.10 2.52 2.79 2.41 2.82 2.61 2.34 1.63 0.81 0.86 0.82 1.00
Depreciation 1.78 2.03 1.89 2.48 2.08 1.93 1.61 1.87 1.92 1.60 1.39 1.28 1.24
Profit before tax -0.39 4.08 5.34 2.51 4.00 4.11 2.31 6.45 5.93 5.62 6.71 9.02 13.71
Tax % -74.36% 14.71% 16.85% 16.73% 21.25% 21.65% 30.74% 20.78% 15.35% 10.68% 24.89% 24.17%
-0.69 3.47 4.44 2.09 3.15 3.21 1.60 5.11 5.02 5.02 5.03 6.84 9.93
EPS in Rs -0.47 13.02 16.35 8.35 12.12 12.59 7.49 17.80 17.69 16.86 16.27 21.37 30.99
Dividend Payout % -318.75% 11.52% 9.17% 17.96% 6.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 5%
5 Years: 14%
3 Years: 4%
TTM: 4%
Compounded Profit Growth
10 Years: 5%
5 Years: 55%
3 Years: 6%
TTM: 33%
Stock Price CAGR
10 Years: 19%
5 Years: 29%
3 Years: 52%
1 Year: 78%
Return on Equity
10 Years: 7%
5 Years: 9%
3 Years: 10%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2.55 2.55 2.55 2.55 2.55 2.55 2.55 2.55 2.55 2.55 2.55 2.55 2.55
Reserves 46.44 47.27 49.36 48.90 49.81 52.38 52.28 54.86 57.71 38.02 42.94 48.03 52.51
31.16 24.74 23.71 44.35 29.93 21.74 17.91 13.56 4.74 3.80 5.94 6.22 7.00
18.58 22.71 11.92 14.85 14.74 30.26 24.49 22.83 21.28 18.13 25.03 24.63 30.71
Total Liabilities 98.73 97.27 87.54 110.65 97.03 106.93 97.23 93.80 86.28 62.50 76.46 81.43 92.77
60.28 56.70 54.36 50.40 47.93 46.14 42.56 41.40 38.10 12.39 11.25 11.62 11.86
CWIP 1.07 0.98 1.02 1.06 1.56 2.26 1.26 1.06 1.06 1.08 1.16 2.09 3.04
Investments 0.25 0.45 0.89 0.60 1.08 2.38 3.02 3.34 1.94 11.08 17.85 24.66 29.52
37.13 39.14 31.27 58.59 46.46 56.15 50.39 48.00 45.18 37.95 46.20 43.06 48.35
Total Assets 98.73 97.27 87.54 110.65 97.03 106.93 97.23 93.80 86.28 62.50 76.46 81.43 92.77

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3.35 -5.39 -7.43 -0.33 3.00 6.61 2.71 8.19 6.98 11.27 4.62 11.21
-6.02 10.76 8.47 -0.19 -2.16 -2.35 4.14 -2.47 1.17 -6.06 -3.05 -6.94
11.65 -7.11 -1.33 0.96 -3.87 -4.83 -1.29 -6.21 -7.86 -4.60 -1.59 -6.20
Net Cash Flow 2.28 -1.74 -0.29 0.44 -3.03 -0.58 5.55 -0.50 0.29 0.60 -0.03 -1.92

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 114.62 172.21 101.28 121.77 146.57 197.93 132.02 91.71 66.71 73.26 94.46 75.95
Inventory Days 167.88 189.07 181.17 226.12 223.36 236.31 419.82 208.80 179.05 142.87 156.92 108.58
Days Payable 168.00 268.22 109.77 139.94 141.94 254.56 263.79 145.55 96.99 70.91 92.17 59.87
Cash Conversion Cycle 114.50 93.06 172.69 207.95 228.00 179.68 288.05 154.96 148.77 145.22 159.20 124.67
Working Capital Days 116.79 118.76 125.16 197.78 215.20 196.31 214.84 147.58 143.21 156.27 93.72 67.86
ROCE % 1.69% 9.07% 11.12% 7.17% 7.32% 8.67% 2.44% 12.16% 10.99% 11.48% 15.18% 16.95%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.76% 73.76% 73.76% 73.76% 73.76% 73.76% 73.76% 73.76% 73.76% 73.76% 73.76% 73.76%
0.15% 0.15% 0.15% 0.15% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14%
26.09% 26.09% 26.09% 26.09% 26.10% 26.10% 26.09% 26.09% 26.08% 26.09% 26.09% 26.09%
No. of Shareholders 1,0901,0911,0681,0721,0711,0771,0891,2151,1751,2271,2401,355

* 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.

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