Betex India Ltd
Incorporated in 1987, Betex India Limited is recognized as a Dyeing and Printing mills providing job work on different types of Polyester Fabrics.
Company is also engaged in Power generation through its Wind Mill Unit.
- Market Cap ₹ 20.8 Cr.
- Current Price ₹ 139
- High / Low ₹ 158 / 58.5
- Stock P/E 5.99
- Book Value ₹ 189
- Dividend Yield 0.00 %
- ROCE 15.4 %
- ROE 11.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.77 times its book value
- Company's working capital requirements have reduced from 78.0 days to 59.4 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.79% over past five years.
- Company has a low return on equity of 7.29% 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: Textiles Industry: Textiles - Processing
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
37.74 | 39.89 | 38.99 | 43.89 | 56.33 | 57.68 | 51.23 | 46.37 | 56.76 | 48.54 | 57.38 | 74.56 | 78.22 | |
35.11 | 37.26 | 35.56 | 40.67 | 52.78 | 54.06 | 48.44 | 44.22 | 55.33 | 44.90 | 57.03 | 69.41 | 71.92 | |
Operating Profit | 2.63 | 2.63 | 3.43 | 3.22 | 3.55 | 3.62 | 2.79 | 2.15 | 1.43 | 3.64 | 0.35 | 5.15 | 6.30 |
OPM % | 6.97% | 6.59% | 8.80% | 7.34% | 6.30% | 6.28% | 5.45% | 4.64% | 2.52% | 7.50% | 0.61% | 6.91% | 8.05% |
0.17 | -0.04 | -0.06 | 0.19 | 0.36 | 0.07 | 0.25 | 0.43 | 0.12 | 0.13 | 0.99 | 0.22 | 0.18 | |
Interest | 0.32 | 0.38 | 0.72 | 0.92 | 1.28 | 1.10 | 0.96 | 0.29 | 0.15 | 0.18 | 0.08 | 0.39 | 0.76 |
Depreciation | 1.04 | 1.05 | 1.24 | 1.31 | 1.41 | 1.44 | 1.19 | 1.32 | 0.73 | 0.70 | 0.68 | 0.69 | 0.79 |
Profit before tax | 1.44 | 1.16 | 1.41 | 1.18 | 1.22 | 1.15 | 0.89 | 0.97 | 0.67 | 2.89 | 0.58 | 4.29 | 4.93 |
Tax % | 22.92% | 1.72% | 31.91% | -10.17% | 14.75% | 2.61% | -1.12% | -1.03% | 35.82% | 28.37% | 29.31% | 26.34% | |
1.10 | 1.14 | 0.97 | 1.30 | 1.04 | 1.11 | 0.91 | 0.98 | 0.43 | 2.06 | 0.41 | 3.16 | 3.48 | |
EPS in Rs | 7.33 | 7.60 | 6.47 | 8.67 | 6.93 | 7.40 | 6.07 | 6.53 | 2.87 | 13.73 | 2.73 | 21.07 | 23.20 |
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: | 6% |
5 Years: | 8% |
3 Years: | 10% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 28% |
3 Years: | 96% |
TTM: | 1023% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 27% |
3 Years: | 103% |
1 Year: | 96% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 12% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | |
Reserves | 13.30 | 14.45 | 15.41 | 16.72 | 17.76 | 18.87 | 19.78 | 20.76 | 21.19 | 23.25 | 23.66 | 26.82 |
8.50 | 9.95 | 12.05 | 14.81 | 18.66 | 15.88 | 16.40 | 12.89 | 11.20 | 5.17 | 3.59 | 2.46 | |
6.79 | 5.66 | 6.01 | 9.56 | 11.78 | 16.13 | 10.24 | 14.28 | 18.04 | 20.86 | 13.91 | 19.41 | |
Total Liabilities | 30.09 | 31.56 | 34.97 | 42.59 | 49.70 | 52.38 | 47.92 | 49.43 | 51.93 | 50.78 | 42.66 | 50.19 |
6.89 | 6.80 | 8.85 | 8.58 | 8.15 | 8.93 | 6.30 | 5.75 | 5.30 | 4.83 | 4.33 | 6.82 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.22 | 0.52 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 2.18 | 2.18 | 3.31 | 8.89 | 8.72 | 8.32 | 8.26 | 7.53 | 7.53 | 7.63 | 7.60 | 7.63 |
21.02 | 22.58 | 22.81 | 24.90 | 32.31 | 35.13 | 33.36 | 36.15 | 39.10 | 38.32 | 30.73 | 35.74 | |
Total Assets | 30.09 | 31.56 | 34.97 | 42.59 | 49.70 | 52.38 | 47.92 | 49.43 | 51.93 | 50.78 | 42.66 | 50.19 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.13 | -0.04 | 2.36 | 2.88 | -1.78 | 5.24 | -1.80 | 3.68 | 3.10 | 5.07 | 1.77 | 9.79 | |
-1.13 | -1.25 | -3.24 | -5.95 | -0.76 | -1.12 | 1.74 | 0.38 | 0.01 | -0.22 | -0.08 | -6.42 | |
-1.26 | 1.06 | 1.38 | 1.85 | 2.56 | -3.89 | -0.44 | -3.80 | -1.83 | -6.22 | -1.65 | -1.52 | |
Net Cash Flow | -0.26 | -0.23 | 0.50 | -1.22 | 0.03 | 0.24 | -0.50 | 0.25 | 1.28 | -1.38 | 0.04 | 1.85 |
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 | 65.09 | 67.71 | 75.55 | 68.53 | 84.69 | 100.74 | 91.05 | 104.38 | 105.59 | 122.19 | 82.25 | 94.14 |
Inventory Days | 19.21 | 25.65 | 29.60 | 80.05 | 64.64 | 55.75 | 57.51 | 90.44 | 29.24 | 10.74 | 12.54 | 8.13 |
Days Payable | 107.33 | 83.83 | 99.66 | 133.15 | 110.28 | 205.98 | 188.55 | 251.23 | 346.05 | 562.04 | 290.08 | 319.85 |
Cash Conversion Cycle | -23.03 | 9.53 | 5.49 | 15.42 | 39.05 | -49.49 | -39.98 | -56.41 | -211.21 | -429.12 | -195.29 | -217.59 |
Working Capital Days | 82.11 | 102.66 | 93.80 | 79.25 | 94.73 | 81.95 | 130.95 | 131.30 | 92.66 | 94.15 | 80.28 | 59.43 |
ROCE % | 7.42% | 6.45% | 9.06% | 6.51% | 6.28% | 5.96% | 4.94% | 3.41% | 2.31% | 9.47% | 2.21% | 15.36% |
Documents
Announcements
- Closure of Trading Window 1d
- Un-Audited Standalone Financial Results Of The Company For The Quarter Ended 30/06/2023. 2 Sep
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Aug - Copies of Newspapers cuttings published in Financial Express in English and Gujarati editions on 29th August, 2023 in connection with 36th Annual General Meeting of …
- Reg. 34 (1) Annual Report. 28 Aug
- Fixes Book Closure For 36Th Annual General Meeting Of The Company 28 Aug
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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Product Profile:[1]
The company specializes in dyeing, washing, unloading, heat setting, folding, packing, scouring, wrapping, and printing solutions for art silk cloth and polyester fabrics.
Company also deals in Inter Unit Wind Mill Power Sale.