Brady & Morris Engineering Company Ltd

Brady & Morris Engineering Company Ltd

₹ 1,750 -2.34%
13 Dec - close price
About

Incorporated in 1946, Brady & Morris Engineering Co. Ltd is in the business of manufacturing of Material handling equipment, textile machinery and stores, etc.

Key Points

Product Profile:[1]
Single Girder Cranes, Double Girder Cranes, Under-slung Cranes, Jib Cranes, Gantry Cranes, Flameproof Cranes, Roapmaster Electric Wire Rope Hoists, Flameproof Electric Wire Rope Hoists, Ratchet Lever Hoists, Electric Chain Hoists, RS/NX/EX Chain Pulley Blocks, Non-Sparking Chain Pulley Block, Geared Travelling Trolley, Non-Sparking Geared Travelling Trolley, Electric and Manual Winches, Hydraulic Pallet Trucks, Goods lift, Pulling-Lifting Machines

  • Market Cap 394 Cr.
  • Current Price 1,750
  • High / Low 2,511 / 579
  • Stock P/E 41.2
  • Book Value 125
  • Dividend Yield 0.00 %
  • ROCE 40.3 %
  • ROE 43.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 32.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 40.7%

Cons

  • Stock is trading at 14.0 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

* 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

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
8.88 13.52 16.00 14.01 16.71 14.10 15.54 14.30 15.93 18.98 26.00 20.56 23.42
7.36 12.22 14.84 12.51 14.84 12.36 13.28 11.79 13.34 15.55 22.21 17.04 19.96
Operating Profit 1.52 1.30 1.16 1.50 1.87 1.74 2.26 2.51 2.59 3.43 3.79 3.52 3.46
OPM % 17.12% 9.62% 7.25% 10.71% 11.19% 12.34% 14.54% 17.55% 16.26% 18.07% 14.58% 17.12% 14.77%
0.10 0.08 0.30 0.12 0.16 0.17 0.20 0.20 0.22 0.07 0.10 0.08 0.15
Interest 0.08 0.10 0.21 0.11 0.11 0.17 0.16 0.15 0.12 0.29 0.20 0.14 0.11
Depreciation 0.13 0.14 0.15 0.12 0.15 0.14 0.17 0.14 0.15 0.17 0.18 0.23 0.24
Profit before tax 1.41 1.14 1.10 1.39 1.77 1.60 2.13 2.42 2.54 3.04 3.51 3.23 3.26
Tax % 28.37% 42.11% 19.09% 22.30% 25.42% 28.75% 29.11% 26.86% 24.02% 28.29% 28.21% 25.39% 25.46%
1.02 0.65 0.89 1.08 1.32 1.14 1.51 1.77 1.93 2.19 2.52 2.41 2.43
EPS in Rs 4.53 2.89 3.96 4.80 5.87 5.07 6.71 7.87 8.58 9.73 11.20 10.71 10.80
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
31.01 34.39 31.98 35.83 36.00 23.72 43.66 43.58 37.53 46.79 60.37 75.21 88.96
28.03 29.93 30.06 33.53 33.80 26.26 39.76 40.70 34.58 41.78 52.99 62.91 74.76
Operating Profit 2.98 4.46 1.92 2.30 2.20 -2.54 3.90 2.88 2.95 5.01 7.38 12.30 14.20
OPM % 9.61% 12.97% 6.00% 6.42% 6.11% -10.71% 8.93% 6.61% 7.86% 10.71% 12.22% 16.35% 15.96%
0.00 -1.44 0.32 0.17 0.30 3.32 0.82 0.95 0.77 0.57 0.65 0.60 0.40
Interest 1.15 0.99 1.19 1.25 1.42 1.13 1.18 0.87 0.42 0.51 0.55 0.76 0.74
Depreciation 1.08 1.05 1.20 1.08 1.02 0.78 1.02 0.77 0.64 0.55 0.58 0.63 0.82
Profit before tax 0.75 0.98 -0.15 0.14 0.06 -1.13 2.52 2.19 2.66 4.52 6.90 11.51 13.04
Tax % 0.00% 0.00% 0.00% -42.86% 0.00% 0.00% 17.86% 15.98% 1.50% 29.20% 26.67% 26.93%
0.76 0.97 -0.14 0.20 0.06 -1.13 2.07 1.84 2.63 3.19 5.05 8.41 9.55
EPS in Rs 3.38 4.31 -0.62 0.89 0.27 -5.02 9.20 8.18 11.69 14.18 22.44 37.38 42.44
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 8%
5 Years: 11%
3 Years: 26%
TTM: 49%
Compounded Profit Growth
10 Years: 12%
5 Years: 32%
3 Years: 47%
TTM: 50%
Stock Price CAGR
10 Years: 43%
5 Years: 124%
3 Years: 151%
1 Year: 196%
Return on Equity
10 Years: 35%
5 Years: 43%
3 Years: 41%
Last Year: 43%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25
Reserves -2.35 -1.38 -1.72 -1.52 -1.04 -2.15 0.01 1.77 4.50 7.65 12.68 21.07 25.91
13.31 15.21 31.48 30.99 29.78 30.93 27.47 21.21 17.64 17.77 14.04 7.68 7.62
24.50 22.11 12.11 11.89 22.41 14.66 14.14 11.45 9.02 14.31 11.71 17.49 14.02
Total Liabilities 37.71 38.19 44.12 43.61 53.40 45.69 43.87 36.68 33.41 41.98 40.68 48.49 49.80
12.34 12.29 11.46 11.18 11.33 9.59 8.98 8.41 7.85 7.55 7.60 10.36 10.23
CWIP 0.98 1.02 1.06 1.56 2.26 1.26 1.06 1.06 1.08 1.16 2.09 1.17 1.79
Investments 0.06 0.06 0.06 0.06 0.48 0.51 0.58 0.55 3.60 4.25 3.79 0.31 0.32
24.33 24.82 31.54 30.81 39.33 34.33 33.25 26.66 20.88 29.02 27.20 36.65 37.46
Total Assets 37.71 38.19 44.12 43.61 53.40 45.69 43.87 36.68 33.41 41.98 40.68 48.49 49.80

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4.36 -1.06 -15.45 2.26 3.62 -5.32 4.70 7.26 7.45 0.74 5.07 5.85
-0.28 -0.92 -0.39 -2.28 -1.66 5.23 -0.15 -0.49 -3.50 -0.37 -0.79 1.27
-3.92 1.89 16.26 -0.48 -1.86 0.00 -4.55 -6.73 -3.97 -0.38 -4.27 -7.12
Net Cash Flow 0.16 -0.09 0.43 -0.49 0.10 -0.09 0.00 0.03 -0.02 -0.01 0.01 0.00

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 101.93 116.64 153.17 171.04 238.97 196.35 118.04 83.42 86.17 113.27 85.01 99.05
Inventory Days 226.24 193.51 276.34 179.49 202.04 494.82 215.51 201.51 141.15 159.70 110.48 104.19
Days Payable 171.57 121.54 178.49 153.39 272.22 315.52 151.19 111.90 71.28 95.45 59.65 55.28
Cash Conversion Cycle 156.60 188.62 251.02 197.13 168.79 375.65 182.37 173.03 156.04 177.52 135.83 147.95
Working Capital Days 142.30 163.98 216.74 177.97 160.90 283.91 153.07 121.69 97.45 107.57 87.37 88.08
ROCE % 13.73% 24.45% 4.33% 4.36% 4.72% -10.00% 12.15% 11.10% 12.29% 18.82% 25.32% 40.32%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.75% 73.75% 73.75% 73.75% 73.75% 73.75% 73.75% 73.98% 73.98% 73.98% 73.98% 73.98%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
26.21% 26.21% 26.21% 26.21% 26.22% 26.22% 26.22% 25.97% 25.98% 25.98% 25.99% 25.99%
No. of Shareholders 8949429659539909911,0781,1891,5011,7252,0272,463

* 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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