Bhilwara Spinners Ltd

Bhilwara Spinners Ltd

₹ 121 -0.94%
24 Jul - close price
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

  • Market Cap 109 Cr.
  • Current Price 121
  • High / Low 160 / 45.1
  • Stock P/E 223
  • Book Value 48.1
  • Dividend Yield 0.00 %
  • ROCE 1.13 %
  • ROE 1.39 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 40.1 to 20.2 days.

Cons

  • Stock is trading at 2.51 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.33% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

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
0.48 0.60 1.30 0.38 0.39 0.00 0.00 0.97 0.00 0.00 3.44 4.48 1.48
0.64 0.64 1.39 0.48 0.53 0.09 0.13 0.99 0.07 0.12 3.19 4.07 1.48
Operating Profit -0.16 -0.04 -0.09 -0.10 -0.14 -0.09 -0.13 -0.02 -0.07 -0.12 0.25 0.41 0.00
OPM % -33.33% -6.67% -6.92% -26.32% -35.90% -2.06% 7.27% 9.15% 0.00%
0.72 0.57 0.26 0.63 0.60 0.86 0.37 1.88 0.40 0.26 0.61 0.03 0.76
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.01 0.06
Depreciation 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.01
Profit before tax 0.56 0.53 0.17 0.53 0.45 0.77 0.24 1.85 0.31 0.13 0.83 0.42 0.69
Tax % 17.86% 16.98% 17.65% 16.98% 13.33% 16.88% 20.83% 16.76% 22.58% 15.38% 16.87% 16.67% 17.39%
0.46 0.44 0.14 0.44 0.39 0.64 0.19 1.54 0.24 0.11 0.69 0.36 0.57
EPS in Rs 0.68 0.65 0.21 0.65 0.58 0.95 0.28 2.28 0.35 0.16 1.02 0.53 0.63
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
1.80 2.81 0.21 2.92 4.85 5.35 2.11 6.87 1.97 2.68 0.97 9.40
1.88 2.91 0.37 3.29 5.78 5.57 3.18 7.53 2.44 3.04 1.29 8.83
Operating Profit -0.08 -0.10 -0.16 -0.37 -0.93 -0.22 -1.07 -0.66 -0.47 -0.36 -0.32 0.57
OPM % -4.44% -3.56% -76.19% -12.67% -19.18% -4.11% -50.71% -9.61% -23.86% -13.43% -32.99% 6.06%
0.15 0.30 2.60 4.30 3.22 1.29 7.35 5.45 1.79 2.05 3.52 1.65
Interest 0.00 0.00 0.00 0.00 0.01 0.11 0.04 0.00 0.01 0.00 0.01 0.10
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.02
Profit before tax 0.07 0.20 2.44 3.93 2.28 0.96 6.24 4.79 1.31 1.68 3.17 2.10
Tax % -14.29% 45.00% 23.77% 19.85% 21.93% 21.88% 20.51% 19.83% 17.56% 16.07% 17.98% 17.14%
0.08 0.12 1.86 3.14 1.78 0.75 4.95 3.84 1.08 1.41 2.61 1.73
EPS in Rs 0.12 0.18 2.75 4.64 2.63 1.11 7.32 5.68 1.60 2.09 3.86 1.91
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: 13%
5 Years: 35%
3 Years: 68%
TTM: 869%
Compounded Profit Growth
10 Years: 15%
5 Years: 25%
3 Years: -21%
TTM: 96%
Stock Price CAGR
10 Years: 32%
5 Years: 48%
3 Years: 89%
1 Year: 165%
Return on Equity
10 Years: 1%
5 Years: 2%
3 Years: 1%
Last Year: 1%

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 6.79 6.79 6.79 6.79 6.76 6.76 6.76 6.76 6.76 6.76 6.76 9.05
Reserves -1.39 -1.27 0.59 3.73 5.54 6.29 11.24 15.08 16.16 17.57 20.18 34.53
0.00 0.00 0.00 0.00 0.75 0.98 0.00 0.00 0.00 0.25 0.00 52.83
0.32 0.49 1.61 1.78 2.28 2.45 1.96 0.93 1.39 1.03 1.28 1.49
Total Liabilities 5.72 6.01 8.99 12.30 15.33 16.48 19.96 22.77 24.31 25.61 28.22 97.90
0.01 0.01 1.19 0.89 0.95 1.94 1.51 2.28 8.55 8.68 8.40 8.19
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.36 70.36
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
5.71 6.00 7.80 11.41 14.38 14.54 18.45 20.49 15.76 16.93 9.46 19.35
Total Assets 5.72 6.01 8.99 12.30 15.33 16.48 19.96 22.77 24.31 25.61 28.22 97.90

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
-0.65 -0.41 -0.77 -5.13 -2.31 -1.50 -7.84 -4.26 4.35 -1.87 9.23 -10.08
0.15 0.30 1.45 4.60 3.16 0.30 7.78 4.68 -4.67 1.91 -6.58 -58.16
0.00 0.00 0.00 0.00 0.00 0.11 0.04 0.00 0.01 0.00 0.01 65.40
Net Cash Flow -0.50 -0.11 0.68 -0.53 0.86 -1.09 -0.01 0.42 -0.30 0.04 2.66 -2.85

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 411.64 146.78 156.43 116.25 309.31 36.84 15.57 268.84 229.75 59.93 0.00 20.19
Inventory Days 19.21 16.10 1,478.25 0.00 0.00 0.00 0.00 16.19 106.54 620.21 1,566.83 390.82
Days Payable 42.69 38.92 1,660.75 7.31 69.05 34.22 413.96 30.20
Cash Conversion Cycle 388.16 123.97 -26.07 116.25 309.31 36.84 15.57 277.71 267.23 645.92 1,152.87 380.81
Working Capital Days 851.67 114.31 5,179.52 -105.00 152.77 -115.98 -290.62 249.71 105.61 536.60 918.14 627.10
ROCE % 1.30% 3.66% 4.50% 1.23% 0.25% 5.02% -2.62% 0.85% 5.50% 1.85% 1.24% 1.13%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
49.51% 49.80% 49.80% 49.80% 49.80% 49.80% 49.80% 49.80% 49.80% 49.80% 50.94% 50.94%
1.65% 1.55% 1.79% 1.59% 0.00% 0.00% 1.62% 1.63% 1.55% 1.61% 0.96% 0.95%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.02% 0.02%
48.80% 48.62% 48.38% 48.58% 50.18% 50.17% 48.54% 48.55% 48.62% 48.56% 48.08% 48.09%
No. of Shareholders 7,1768,8858,8488,6198,4508,2058,0457,8987,8087,7028,0637,920

* 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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