Bhilwara Spinners Ltd

Bhilwara Spinner Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bhilwara Spinners Ltd

₹ 70.8 1.99%
05 Dec 4:01 p.m.
lnjbhilwara.com BSE: 514272
About

Incorporated in 1980, Bhilwara Spinners Ltd does trading of yarns and cotton[1]

Key Points

Business Overview:[1]
Company is a part of Bhilwara group of Rajasthan. It was under BIFR because of accumulated losses resulting in erosion of its net worth

Website BSE
  • Market Cap ₹ 47.9 Cr.
  • Current Price ₹ 70.8
  • High / Low ₹ 79.0 / 33.2
  • Stock P/E 200
  • Book Value ₹ 41.0
  • Dividend Yield 0.00 %
  • ROCE 1.24 %
  • ROE 0.98 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -28.9% over past five years.
  • Company has a low return on equity of 2.28% over last 3 years.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from 520 days to 918 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.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Figures in Rs. Crores

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
0.04 0.42 0.48 0.60 1.30 0.38 0.39 0.00 0.00 0.97 0.00 0.00 3.44
0.15 0.62 0.64 0.64 1.39 0.48 0.53 0.09 0.13 0.99 0.07 0.12 3.19
Operating Profit -0.11 -0.20 -0.16 -0.04 -0.09 -0.10 -0.14 -0.09 -0.13 -0.02 -0.07 -0.12 0.25
OPM % -275.00% -47.62% -33.33% -6.67% -6.92% -26.32% -35.90% -2.06% 7.27%
0.17 0.75 0.72 0.57 0.26 0.63 0.60 0.86 0.37 1.88 0.40 0.26 0.61
Interest 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.02
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.02 0.01 0.01
Profit before tax 0.05 0.55 0.56 0.53 0.17 0.53 0.45 0.77 0.24 1.85 0.31 0.13 0.83
Tax % 20.00% 14.55% 17.86% 16.98% 17.65% 16.98% 13.33% 16.88% 20.83% 16.76% 22.58% 15.38% 16.87%
0.03 0.48 0.46 0.44 0.14 0.44 0.39 0.64 0.19 1.54 0.24 0.11 0.69
EPS in Rs 0.04 0.71 0.68 0.65 0.21 0.65 0.58 0.95 0.28 2.28 0.35 0.16 1.02
Raw PDF

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
3.10 1.80 2.81 0.21 2.92 4.85 5.35 2.11 6.87 1.97 2.68 0.97 4.41
3.21 1.88 2.91 0.37 3.29 5.78 5.57 3.18 7.53 2.44 3.04 1.29 4.37
Operating Profit -0.11 -0.08 -0.10 -0.16 -0.37 -0.93 -0.22 -1.07 -0.66 -0.47 -0.36 -0.32 0.04
OPM % -3.55% -4.44% -3.56% -76.19% -12.67% -19.18% -4.11% -50.71% -9.61% -23.86% -13.43% -32.99% 0.91%
0.33 0.15 0.30 2.60 4.30 3.22 1.29 7.35 5.45 1.79 2.05 3.52 3.15
Interest 0.00 0.00 0.00 0.00 0.00 0.01 0.11 0.04 0.00 0.01 0.00 0.01 0.03
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.04
Profit before tax 0.22 0.07 0.20 2.44 3.93 2.28 0.96 6.24 4.79 1.31 1.68 3.17 3.12
Tax % 18.18% -14.29% 45.00% 23.77% 19.85% 21.93% 21.88% 20.51% 19.83% 17.56% 16.07% 17.98%
0.18 0.08 0.12 1.86 3.14 1.78 0.75 4.95 3.84 1.08 1.41 2.61 2.58
EPS in Rs 0.27 0.12 0.18 2.75 4.64 2.63 1.11 7.32 5.68 1.60 2.09 3.86 3.81
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: -29%
3 Years: -48%
TTM: 473%
Compounded Profit Growth
10 Years: 12%
5 Years: -11%
3 Years: 132%
TTM: 20%
Stock Price CAGR
10 Years: 36%
5 Years: 52%
3 Years: 72%
1 Year: 69%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 2%
Last Year: 1%

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 Sep 2023
Equity Capital 6.79 6.79 6.79 6.79 6.79 6.76 6.76 6.76 6.76 6.76 6.76 6.76 6.76
Reserves -1.46 -1.39 -1.27 0.59 3.73 5.54 6.29 11.24 15.08 16.16 17.57 20.18 20.99
0.00 0.00 0.00 0.00 0.00 0.75 0.98 0.00 0.00 0.00 0.25 0.00 31.57
0.48 0.32 0.49 1.61 1.78 2.28 2.45 1.96 0.93 1.39 1.03 1.28 7.97
Total Liabilities 5.81 5.72 6.01 8.99 12.30 15.33 16.48 19.96 22.77 24.31 25.61 28.22 67.29
0.01 0.01 0.01 1.19 0.89 0.95 1.94 1.51 2.28 8.55 8.68 8.40 8.32
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.36 45.26
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5.80 5.71 6.00 7.80 11.41 14.38 14.54 18.45 20.49 15.76 16.93 9.46 13.71
Total Assets 5.81 5.72 6.01 8.99 12.30 15.33 16.48 19.96 22.77 24.31 25.61 28.22 67.29

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
-0.47 -0.65 -0.41 -0.77 -5.13 -2.31 -1.50 -7.84 -4.26 4.35 -1.87 9.23
0.32 0.15 0.30 1.45 4.60 3.16 0.30 7.78 4.68 -4.67 1.91 -6.58
0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.04 0.00 0.01 0.00 0.01
Net Cash Flow -0.15 -0.50 -0.11 0.68 -0.53 0.86 -1.09 -0.01 0.42 -0.30 0.04 2.66

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 347.34 411.64 146.78 156.43 116.25 309.31 36.84 15.57 268.84 229.75 59.93 0.00
Inventory Days 26.41 19.21 16.10 1,478.25 0.00 0.00 0.00 0.00 16.19 106.54 620.21 1,566.83
Days Payable 36.02 42.69 38.92 1,660.75 7.31 69.05 34.22 413.96
Cash Conversion Cycle 337.73 388.16 123.97 -26.07 116.25 309.31 36.84 15.57 277.71 267.23 645.92 1,152.87
Working Capital Days 423.87 851.67 114.31 5,179.52 -105.00 152.77 -115.98 -290.62 249.71 105.61 536.60 918.14
ROCE % 4.20% 1.30% 3.66% 4.50% 1.23% 0.25% 5.02% -2.62% 0.85% 5.50% 1.85% 1.24%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
49.51% 49.51% 49.51% 49.51% 49.80% 49.80% 49.80% 49.80% 49.80% 49.80% 49.80% 49.80%
1.62% 1.62% 1.61% 1.65% 1.55% 1.79% 1.59% 0.00% 0.00% 1.62% 1.63% 1.55%
0.04% 0.04% 0.04% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
48.83% 48.83% 48.84% 48.80% 48.62% 48.38% 48.58% 50.18% 50.17% 48.54% 48.55% 48.62%
No. of Shareholders 7,1837,1417,1277,1768,8858,8488,6198,4508,2058,0457,8987,808

* 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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Documents

Announcements

Annual reports

Concalls

  • Feb 2023
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  • Sep 2021
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  • Jun 2021
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  • Nov 2020
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