Betex India Ltd

Betex India Ltd

₹ 251 3.19%
14 Jun - close price
About

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.

Key Points

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.

  • Market Cap 37.6 Cr.
  • Current Price 251
  • High / Low 353 / 106
  • Stock P/E 11.3
  • Book Value 214
  • Dividend Yield 0.00 %
  • ROCE 17.2 %
  • ROE 11.0 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.17 times its book value
  • Debtor days have improved from 78.4 to 59.0 days.
  • Company's working capital requirements have reduced from 55.9 days to 28.0 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.40% 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

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
19.43 9.19 16.59 16.48 15.12 16.74 19.70 16.73 21.44 20.35 23.73 23.85 21.47
18.20 8.72 16.19 16.37 15.77 16.49 19.49 16.28 17.21 18.94 23.35 22.09 19.13
Operating Profit 1.23 0.47 0.40 0.11 -0.65 0.25 0.21 0.45 4.23 1.41 0.38 1.76 2.34
OPM % 6.33% 5.11% 2.41% 0.67% -4.30% 1.49% 1.07% 2.69% 19.73% 6.93% 1.60% 7.38% 10.90%
0.04 0.00 0.01 0.01 0.98 0.04 0.11 -0.03 0.10 0.00 0.16 0.39 0.19
Interest 0.05 0.01 0.01 0.00 0.05 0.02 0.02 0.03 0.32 0.39 0.03 0.01 0.60
Depreciation 0.30 0.17 0.18 0.15 0.19 0.17 0.17 0.18 0.18 0.26 0.17 0.22 0.21
Profit before tax 0.92 0.29 0.22 -0.03 0.09 0.10 0.13 0.21 3.83 0.76 0.34 1.92 1.72
Tax % -3.26% 31.03% 31.82% 100.00% 11.11% 30.00% 30.77% 14.29% 26.63% 48.68% 2.94% 35.94% 20.93%
0.94 0.19 0.16 0.00 0.08 0.07 0.10 0.18 2.81 0.39 0.34 1.24 1.36
EPS in Rs 6.27 1.27 1.07 0.00 0.53 0.47 0.67 1.20 18.73 2.60 2.27 8.27 9.07
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
39.89 38.99 43.89 56.33 57.68 51.23 46.37 56.76 48.54 57.38 74.56 89.40
37.26 35.56 40.67 52.78 54.06 48.44 44.22 55.33 44.90 57.03 69.41 83.50
Operating Profit 2.63 3.43 3.22 3.55 3.62 2.79 2.15 1.43 3.64 0.35 5.15 5.90
OPM % 6.59% 8.80% 7.34% 6.30% 6.28% 5.45% 4.64% 2.52% 7.50% 0.61% 6.91% 6.60%
-0.04 -0.06 0.19 0.36 0.07 0.25 0.43 0.12 0.13 0.99 0.22 0.74
Interest 0.38 0.72 0.92 1.28 1.10 0.96 0.29 0.15 0.18 0.08 0.39 1.04
Depreciation 1.05 1.24 1.31 1.41 1.44 1.19 1.32 0.73 0.70 0.68 0.69 0.85
Profit before tax 1.16 1.41 1.18 1.22 1.15 0.89 0.97 0.67 2.89 0.58 4.29 4.75
Tax % 1.72% 31.91% -10.17% 14.75% 2.61% -1.12% -1.03% 35.82% 28.37% 29.31% 26.34% 29.89%
1.14 0.97 1.30 1.04 1.11 0.91 0.98 0.43 2.06 0.41 3.16 3.33
EPS in Rs 7.60 6.47 8.67 6.93 7.40 6.07 6.53 2.87 13.73 2.73 21.07 22.20
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: 9%
5 Years: 14%
3 Years: 23%
TTM: 20%
Compounded Profit Growth
10 Years: 10%
5 Years: 28%
3 Years: 17%
TTM: 6%
Stock Price CAGR
10 Years: 11%
5 Years: 60%
3 Years: 51%
1 Year: 94%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 8%
Last Year: 11%

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
Equity Capital 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 2.00
Reserves 14.45 15.41 16.72 17.76 18.87 19.78 20.76 21.19 23.25 23.66 26.82 30.15
Preference Capital 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50
9.95 12.05 14.81 18.66 15.88 16.40 12.89 11.20 5.17 3.59 2.46 3.53
5.66 6.01 9.56 11.78 16.13 10.24 14.28 18.04 20.86 13.91 19.41 16.71
Total Liabilities 31.56 34.97 42.59 49.70 52.38 47.92 49.43 51.93 50.78 42.66 50.19 52.39
6.80 8.85 8.58 8.15 8.93 6.30 5.75 5.30 4.83 4.33 6.82 8.32
CWIP 0.00 0.00 0.22 0.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 2.18 3.31 8.89 8.72 8.32 8.26 7.53 7.53 7.63 7.60 7.63 7.63
22.58 22.81 24.90 32.31 35.13 33.36 36.15 39.10 38.32 30.73 35.74 36.44
Total Assets 31.56 34.97 42.59 49.70 52.38 47.92 49.43 51.93 50.78 42.66 50.19 52.39

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
-0.04 2.36 2.88 -1.78 5.24 -1.80 3.68 3.10 5.07 1.77 9.79 12.34
-1.25 -3.24 -5.95 -0.76 -1.12 1.74 0.38 0.01 -0.22 -0.08 -6.42 -5.45
1.06 1.38 1.85 2.56 -3.89 -0.44 -3.80 -1.83 -6.22 -1.65 -1.52 0.03
Net Cash Flow -0.23 0.50 -1.22 0.03 0.24 -0.50 0.25 1.28 -1.38 0.04 1.85 6.92

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 67.71 75.55 68.53 84.69 100.74 91.05 104.38 105.59 122.19 82.25 94.14 58.96
Inventory Days 25.65 29.60 80.05 64.64 55.75 57.51 90.44 29.24 10.74 12.54 8.13 3.74
Days Payable 83.83 99.66 133.15 110.28 205.98 188.55 251.23 346.05 562.04 290.08 319.85 101.36
Cash Conversion Cycle 9.53 5.49 15.42 39.05 -49.49 -39.98 -56.41 -211.21 -429.12 -195.29 -217.59 -38.67
Working Capital Days 102.66 93.80 79.25 94.73 81.95 130.95 131.30 92.66 94.15 80.28 59.43 27.97
ROCE % 6.45% 9.06% 6.51% 6.28% 5.96% 4.94% 3.41% 2.31% 9.47% 2.21% 15.36%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.29% 53.29% 53.29% 53.29% 53.29% 53.29% 53.29% 53.29% 53.29% 53.29% 53.29% 53.29%
46.71% 46.71% 46.71% 46.71% 46.71% 46.71% 46.71% 46.71% 46.71% 46.71% 46.72% 46.70%
No. of Shareholders 9051,1251,1931,3131,3191,3011,3491,3301,2931,2561,2761,335

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