Bhagwati Autocast Ltd
Incorporated in 1984, Bhagwati Autocast Ltd manufactures and sells CI & SGI Castings[1]
- Market Cap ₹ 129 Cr.
- Current Price ₹ 447
- High / Low ₹ 676 / 295
- Stock P/E 25.3
- Book Value ₹ 127
- Dividend Yield 0.45 %
- ROCE 26.7 %
- ROE 25.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 46.9% CAGR over last 5 years
- Debtor days have improved from 82.2 to 62.4 days.
- Company's working capital requirements have reduced from 44.0 days to 30.3 days
Cons
- Stock is trading at 3.51 times its book value
- Company has a low return on equity of 9.91% over last 3 years.
* 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: Castings, Forgings & Fastners Industry: Castings & Forgings
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
58 | 69 | 82 | 64 | 64 | 70 | 90 | 120 | 100 | 104 | 112 | 154 | 138 | |
55 | 65 | 72 | 64 | 60 | 65 | 85 | 112 | 94 | 99 | 111 | 140 | 126 | |
Operating Profit | 3 | 4 | 10 | 0 | 4 | 5 | 4 | 8 | 6 | 5 | 2 | 15 | 12 |
OPM % | 6% | 6% | 12% | 0% | 7% | 7% | 5% | 7% | 6% | 5% | 1% | 10% | 9% |
0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | |
Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
Depreciation | 1 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 |
Profit before tax | 1 | 2 | 7 | -4 | 1 | 2 | 1 | 5 | 3 | 2 | -1 | 11 | 9 |
Tax % | 38% | 31% | 31% | 27% | 34% | 43% | 24% | 25% | 29% | 28% | 28% | 29% | |
1 | 1 | 5 | -3 | 1 | 1 | 1 | 4 | 2 | 2 | -1 | 8 | 5 | |
EPS in Rs | 2.71 | 5.10 | 16.14 | -8.96 | 2.71 | 4.44 | 3.85 | 12.81 | 7.50 | 5.97 | -3.33 | 26.80 | 17.67 |
Dividend Payout % | 18% | 14% | 6% | -6% | 26% | 18% | 21% | 8% | 13% | 17% | -30% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 12% |
3 Years: | 15% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 47% |
3 Years: | 54% |
TTM: | -11% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 26% |
3 Years: | 40% |
1 Year: | 52% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | 25% |
Balance Sheet
Figures in Rs. Crores
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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 13 | 14 | 19 | 16 | 16 | 18 | 19 | 22 | 24 | 25 | 24 | 32 | 34 |
7 | 6 | 8 | 7 | 5 | 9 | 8 | 9 | 6 | 5 | 18 | 11 | 10 | |
21 | 21 | 26 | 20 | 19 | 13 | 23 | 19 | 20 | 23 | 19 | 23 | 28 | |
Total Liabilities | 44 | 45 | 56 | 45 | 43 | 43 | 52 | 53 | 53 | 56 | 64 | 68 | 75 |
17 | 17 | 20 | 18 | 16 | 15 | 14 | 15 | 16 | 15 | 34 | 31 | 30 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
26 | 27 | 36 | 27 | 27 | 28 | 38 | 37 | 37 | 40 | 30 | 37 | 44 | |
Total Assets | 44 | 45 | 56 | 45 | 43 | 43 | 52 | 53 | 53 | 56 | 64 | 68 | 75 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5 | 1 | 2 | 3 | 2 | -1 | 4 | 4 | 6 | 5 | 7 | 12 | |
-3 | -1 | -4 | -1 | -1 | -1 | -2 | -4 | -2 | -2 | -20 | -0 | |
-1 | -1 | 2 | -2 | -1 | 2 | -2 | -0 | -4 | -2 | 12 | -9 | |
Net Cash Flow | 1 | -0 | -0 | -0 | -0 | 0 | 0 | -0 | 0 | -0 | -0 | 3 |
Ratios
Figures in Rs. Crores
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 | 88 | 79 | 96 | 104 | 110 | 109 | 120 | 90 | 105 | 115 | 69 | 62 |
Inventory Days | 64 | 55 | 58 | 60 | 56 | 72 | 60 | 37 | 52 | 43 | 39 | 28 |
Days Payable | 170 | 138 | 146 | 159 | 165 | 132 | 179 | 98 | 135 | 141 | 97 | 80 |
Cash Conversion Cycle | -19 | -4 | 8 | 5 | 2 | 48 | 1 | 29 | 23 | 17 | 10 | 10 |
Working Capital Days | 28 | 29 | 48 | 45 | 54 | 78 | 60 | 54 | 61 | 62 | 39 | 30 |
ROCE % | 9% | 14% | 29% | -10% | 7% | 11% | 8% | 19% | 12% | 9% | -2% | 27% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Apr
- Compliance Certificate Under Reg. 40 (9) Of SEBI (LODR) Reg., 2015 11 Apr
- Clarification With Regards To Price Movement In Company''s Security 10 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 10 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1][2]
Company is a part of Bhagwati Group which has 2 foundry units viz. Bhagwati Spherocast Pvt. Ltd. and Bhagwati Autocast Ltd which works as a casting suppliers in the Transmission and Automotive segment. BAL has a wide range of castings from 40 kg. to 140 kg. for automobile and tractor OEMs in India