Brady & Morris Engineering Company Ltd

Brady & Morris Engineering Company Ltd

₹ 830 3.57%
18 Jun - 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.[1]

Key Points

Business Overview:[1]
BMECL is a subsidiary of WH Brady and Company Ltd (WHB) in partnership with the UK-based Morris Material Handling Ltd. WHB holds 72.73% shareholding in BMECL. The Brady group is controlled by the Mumbai-based Morarka family.
BMECL manufactures various material handling equipment for diversified end users, which include steel, oil and gas, cement, minerals and mining, power, chemicals, heavy manufacturing, water and sewage treatment,
defence, nuclear energy, ports, and metros.

  • Market Cap 187 Cr.
  • Current Price 830
  • High / Low 2,018 / 685
  • Stock P/E 33.5
  • Book Value 235
  • Dividend Yield 0.00 %
  • ROCE 14.4 %
  • ROE 11.1 %
  • Face Value 10.0

Pros

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

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.2.79 Cr.
  • Working capital days have increased from 82.8 days to 118 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

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
15.54 14.30 15.93 18.98 26.00 20.56 23.42 19.63 26.69 19.84 12.99 22.81 17.46
13.28 11.79 13.34 15.55 22.21 17.04 19.96 16.60 25.22 17.74 12.44 20.14 16.25
Operating Profit 2.26 2.51 2.59 3.43 3.79 3.52 3.46 3.03 1.47 2.10 0.55 2.67 1.21
OPM % 14.54% 17.55% 16.26% 18.07% 14.58% 17.12% 14.77% 15.44% 5.51% 10.58% 4.23% 11.71% 6.93%
0.20 0.20 0.22 0.07 0.10 0.08 0.15 0.21 19.47 0.44 0.65 0.76 0.94
Interest 0.16 0.15 0.12 0.29 0.20 0.14 0.11 0.13 0.58 0.20 0.25 0.21 0.20
Depreciation 0.17 0.14 0.15 0.17 0.18 0.23 0.24 0.25 0.27 0.25 0.29 0.29 0.31
Profit before tax 2.13 2.42 2.54 3.04 3.51 3.23 3.26 2.86 20.09 2.09 0.66 2.93 1.64
Tax % 29.11% 26.86% 24.02% 28.29% 28.21% 25.39% 25.46% 25.87% 15.13% 26.32% 28.79% 25.26% 16.46%
1.51 1.77 1.93 2.19 2.52 2.41 2.43 2.12 17.05 1.54 0.48 2.19 1.37
EPS in Rs 6.71 7.87 8.58 9.73 11.20 10.71 10.80 9.42 75.78 6.84 2.13 9.73 6.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
31.98 35.83 36.00 23.72 43.66 43.58 37.53 46.79 60.37 75.21 90.31 73.11
30.06 33.53 33.80 26.26 39.76 40.70 34.58 41.78 52.99 62.91 78.83 66.57
Operating Profit 1.92 2.30 2.20 -2.54 3.90 2.88 2.95 5.01 7.38 12.30 11.48 6.54
OPM % 6.00% 6.42% 6.11% -10.71% 8.93% 6.61% 7.86% 10.71% 12.22% 16.35% 12.71% 8.95%
0.32 0.17 0.30 3.32 0.82 0.95 0.77 0.57 0.65 0.60 19.91 2.79
Interest 1.19 1.25 1.42 1.13 1.18 0.87 0.42 0.51 0.55 0.76 0.96 0.87
Depreciation 1.20 1.08 1.02 0.78 1.02 0.77 0.64 0.55 0.58 0.63 0.99 1.14
Profit before tax -0.15 0.14 0.06 -1.13 2.52 2.19 2.66 4.52 6.90 11.51 29.44 7.32
Tax % 0.00% -42.86% 0.00% 0.00% 17.86% 15.98% 1.50% 29.20% 26.67% 26.93% 18.44% 23.91%
-0.14 0.20 0.06 -1.13 2.07 1.84 2.63 3.19 5.05 8.41 24.01 5.57
EPS in Rs -0.62 0.89 0.27 -5.02 9.20 8.18 11.69 14.18 22.44 37.38 106.71 24.76
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: 7%
5 Years: 14%
3 Years: 7%
TTM: -19%
Compounded Profit Growth
10 Years: 39%
5 Years: 16%
3 Years: 5%
TTM: -32%
Stock Price CAGR
10 Years: 33%
5 Years: 57%
3 Years: 25%
1 Year: -47%
Return on Equity
10 Years: 24%
5 Years: 24%
3 Years: 21%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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
Reserves -1.72 -1.52 -1.04 -2.15 0.01 1.77 4.50 7.65 12.68 21.07 45.06 50.70
31.48 30.99 29.78 30.93 27.47 21.21 17.64 17.77 14.04 7.68 8.78 4.84
12.11 11.89 22.41 14.66 14.14 11.45 9.02 14.31 11.71 17.49 21.09 11.49
Total Liabilities 44.12 43.61 53.40 45.69 43.87 36.68 33.41 41.98 40.68 48.49 77.18 69.28
11.46 11.18 11.33 9.59 8.98 8.41 7.85 7.55 7.60 10.36 9.45 9.39
CWIP 1.06 1.56 2.26 1.26 1.06 1.06 1.08 1.16 2.09 1.17 1.21 1.30
Investments 0.06 0.06 0.48 0.51 0.58 0.55 3.60 4.25 3.79 0.31 0.33 20.28
31.54 30.81 39.33 34.33 33.25 26.66 20.88 29.02 27.20 36.65 66.19 38.31
Total Assets 44.12 43.61 53.40 45.69 43.87 36.68 33.41 41.98 40.68 48.49 77.18 69.28

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-15.45 2.26 3.62 -5.32 4.70 7.26 7.45 0.74 5.07 5.85 -0.97 3.01
-0.39 -2.28 -1.66 5.23 -0.15 -0.49 -3.50 -0.37 -0.79 1.27 23.37 -20.31
16.26 -0.48 -1.86 0.00 -4.55 -6.73 -3.97 -0.38 -4.27 -7.12 0.14 -4.82
Net Cash Flow 0.43 -0.49 0.10 -0.09 0.00 0.03 -0.02 -0.01 0.01 0.00 22.53 -22.12
Free Cash Flow -16.06 -0.16 1.75 -0.25 4.49 7.07 7.37 0.40 3.52 3.38 22.26 1.85
CFO/OP -805% 98% 165% 206% 122% 277% 249% 32% 90% 73% 36% 70%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 153.17 171.04 238.97 196.35 118.04 83.42 86.17 113.27 85.01 99.05 93.00 74.84
Inventory Days 276.34 179.49 202.04 494.82 215.51 201.51 141.15 159.70 110.48 104.19 121.50 163.40
Days Payable 178.49 153.39 272.22 315.52 151.19 111.90 71.28 95.45 59.65 55.28 72.20 46.45
Cash Conversion Cycle 251.02 197.13 168.79 375.65 182.37 173.03 156.04 177.52 135.83 147.95 142.30 191.78
Working Capital Days -46.34 79.66 73.10 135.41 97.73 112.57 91.23 78.16 62.94 75.08 55.05 118.27
ROCE % 4.33% 4.36% 4.72% -10.00% 12.15% 11.10% 12.29% 18.82% 25.32% 40.32% 25.40% 14.38%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Trade Receivables Turnover
Days

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Installed Capacity - Cranes
Units
Installed Capacity - Pulley Blocks
Units
Gross Current Assets (GCA) Days
Days
Actual Production - Chain Pulley Blocks & Hoists
Units
Actual Production - Cranes
Units

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
73.75% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.10%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
26.22% 25.97% 25.98% 25.98% 25.99% 25.99% 25.98% 25.99% 25.98% 25.99% 25.97% 25.89%
No. of Shareholders 1,0781,1891,5011,7252,0272,4632,7872,8202,7782,8392,7822,706

* 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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