Binny Ltd

Binny Ltd

₹ 167 -5.00%
26 Feb - close price
About

Incorporated in 1969, Binny Ltd is in the business of real estate development[1]

Key Points

Business Segments:[1]
a) Real Estate business
b) Distillery

  • Market Cap 373 Cr.
  • Current Price 167
  • High / Low 344 / 167
  • Stock P/E 7.50
  • Book Value 191
  • Dividend Yield 0.00 %
  • ROCE 26.8 %
  • ROE 15.0 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.88 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 55.3% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -18.5%
  • Company has a low return on equity of 10.6% over last 3 years.
  • Contingent liabilities of Rs.169 Cr.

* 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: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
2 6 15 15 4 6 37 28 49 41 32 25 51
1 2 4 6 2 2 6 6 8 7 7 23 11
Operating Profit 1 5 11 9 2 4 31 22 41 34 26 2 40
OPM % 51% 74% 72% 59% 57% 67% 83% 80% 84% 83% 80% 10% 78%
10 10 32 10 10 0 0 0 0 0 0 8 0
Interest 10 10 33 -4 6 4 3 2 2 3 2 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 4 7
Profit before tax 2 5 10 23 6 1 27 20 39 31 24 5 32
Tax % 22% 29% 58% 29% 47% 51% 25% 50% 25% 27% 28% 300% 39%
1 3 4 16 3 0 21 10 29 23 17 -10 20
EPS in Rs 0.57 1.47 1.81 7.28 1.42 0.12 9.23 4.36 13.07 10.12 7.81 -4.38 8.77
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
8 8 9 7 0 455 46 0 41 29 74 147 150
5 3 8 3 5 31 5 5 7 10 15 44 47
Operating Profit 3 4 1 4 -5 424 41 -4 34 19 59 103 102
OPM % 39% 56% 14% 61% -10,760% 93% 90% -1,189% 83% 65% 79% 70% 68%
0 1 -39 1 2 13 15 42 42 42 10 8 8
Interest 0 0 22 2 5 22 23 46 38 28 16 8 6
Depreciation 0 0 0 1 0 0 0 0 0 0 0 4 11
Profit before tax 3 5 -61 2 -9 415 34 -9 38 33 53 99 92
Tax % 27% 15% 0% 19% 0% 33% 80% -73% 147% 38% 37% 40%
2 4 -61 2 -9 279 7 -15 -18 20 33 59 50
EPS in Rs 1.02 1.97 -27.16 0.88 -3.91 125.21 2.93 -6.74 -7.99 9.09 15.01 26.63 22.32
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 34%
5 Years: 26%
3 Years: 53%
TTM: 25%
Compounded Profit Growth
10 Years: 31%
5 Years: 55%
3 Years: 75%
TTM: -17%
Stock Price CAGR
10 Years: 10%
5 Years: 5%
3 Years: 6%
1 Year: -36%
Return on Equity
10 Years: 13%
5 Years: 5%
3 Years: 11%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 160 165 104 106 97 269 312 319 301 322 355 414
Preference Capital 117 117 117 117 117 0 117 117 117 117 0 0
39 41 2 20 21 214 243 214 221 149 1 1
148 147 195 386 608 403 441 542 610 691 528 504
Total Liabilities 358 364 313 524 737 897 1,006 1,086 1,144 1,173 895 931
301 300 300 3 2 2 2 2 2 1 2 33
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 29 29 0 0 0 2 0 0 0 1 1 1
29 35 12 520 735 894 1,005 1,084 1,142 1,171 892 897
Total Assets 358 364 313 524 737 897 1,006 1,086 1,144 1,173 895 931

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1 -3 58 -10 11 10 -129 -171 29 16 316 41
0 0 3 -0 -1 0 3 46 0 -0 -1 -27
-0 2 -63 13 -12 -10 127 127 -31 -14 -315 -8
Net Cash Flow 1 -1 -2 2 -2 -0 1 2 -2 2 -1 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 58 65 46 21 3,066 0 6 1,115 16 13 4 9
Inventory Days 32,749 15,225 13,656
Days Payable 81 23 11
Cash Conversion Cycle 58 65 46 21 3,066 0 6 1,115 16 32,680 15,206 13,654
Working Capital Days 89 193 73 -191 2,545,875 194 2,979 652,955 5,656 8,578 3,290 1,766
ROCE % 1% 1% 0% 2% -2% 118% 10% 6% 12% 10% 14% 27%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.69% 74.69% 74.69% 74.69% 74.69% 74.69% 74.68% 74.69% 74.68% 74.68% 74.68% 56.20%
0.08% 0.08% 0.00% 0.00% 0.00% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
1.71% 1.71% 1.68% 1.68% 1.68% 1.55% 0.75% 0.58% 0.51% 0.34% 0.33% 0.31%
1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66%
21.87% 21.87% 21.98% 21.98% 21.98% 22.07% 22.87% 23.03% 23.10% 23.28% 23.27% 41.78%
No. of Shareholders 10,21110,14210,47410,51210,72310,88911,40511,35511,47611,56311,93011,928

* 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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