Bhilwara Spinners Ltd

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

Bhilwara Spinners Ltd

₹ 36.7 -3.32%
24 Mar - close price
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 ₹ 24.8 Cr.
  • Current Price ₹ 36.7
  • High / Low ₹ 49.1 / 24.8
  • Stock P/E 124
  • Book Value ₹ 37.2
  • Dividend Yield 0.00 %
  • ROCE 1.85 %
  • ROE 1.61 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.99 times its book value
  • Debtor days have improved from 186 to 59.9 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -11.2% over past five years.
  • Company has a low return on equity of 2.12% over last 3 years.
  • Working capital days have increased from 297 days to 537 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

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
0.24 4.26 1.04 0.04 0.42 0.48 0.60 1.30 0.38 0.39 0.00 0.00 0.97
0.50 4.52 1.05 0.15 0.62 0.64 0.64 1.39 0.48 0.53 0.09 0.13 0.99
Operating Profit -0.26 -0.26 -0.01 -0.11 -0.20 -0.16 -0.04 -0.09 -0.10 -0.14 -0.09 -0.13 -0.02
OPM % -108.33% -6.10% -0.96% -275.00% -47.62% -33.33% -6.67% -6.92% -26.32% -35.90% -2.06%
3.92 0.05 0.16 0.17 0.75 0.72 0.57 0.26 0.63 0.60 0.86 0.37 1.88
Interest 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00
Profit before tax 3.66 -0.21 0.15 0.05 0.55 0.56 0.53 0.17 0.53 0.45 0.77 0.24 1.85
Tax % 24.32% 80.95% 26.67% 20.00% 14.55% 17.86% 16.98% 17.65% 16.98% 13.33% 16.88% 20.83% 16.76%
Net Profit 2.76 -0.04 0.11 0.03 0.48 0.46 0.44 0.14 0.44 0.39 0.64 0.19 1.54
EPS in Rs 4.08 -0.06 0.16 0.04 0.71 0.68 0.65 0.21 0.65 0.58 0.95 0.28 2.28
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1.35 3.10 1.80 2.81 0.21 2.92 4.85 5.35 2.11 6.87 1.97 2.68 1.36
1.63 3.21 1.88 2.91 0.37 3.29 5.78 5.57 3.18 7.53 2.44 3.04 1.74
Operating Profit -0.28 -0.11 -0.08 -0.10 -0.16 -0.37 -0.93 -0.22 -1.07 -0.66 -0.47 -0.36 -0.38
OPM % -20.74% -3.55% -4.44% -3.56% -76.19% -12.67% -19.18% -4.11% -50.71% -9.61% -23.86% -13.43% -27.94%
0.31 0.33 0.15 0.30 2.60 4.30 3.22 1.29 7.35 5.45 1.79 2.05 3.71
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.11 0.04 0.00 0.01 0.00 0.01
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01
Profit before tax 0.03 0.22 0.07 0.20 2.44 3.93 2.28 0.96 6.24 4.79 1.31 1.68 3.31
Tax % 66.67% 18.18% -14.29% 45.00% 23.77% 19.85% 21.93% 21.88% 20.51% 19.83% 17.56% 16.07%
Net Profit 0.01 0.18 0.08 0.12 1.86 3.14 1.78 0.75 4.95 3.84 1.08 1.41 2.76
EPS in Rs 0.01 0.27 0.12 0.18 2.75 4.64 2.63 1.11 7.32 5.68 1.60 2.09 4.09
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: -1%
5 Years: -11%
3 Years: 8%
TTM: -51%
Compounded Profit Growth
10 Years: 8%
5 Years: %
3 Years: 41%
TTM: -70%
Stock Price CAGR
10 Years: 26%
5 Years: 35%
3 Years: 67%
1 Year: -4%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 2%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
6.79 6.79 6.79 6.79 6.79 6.79 6.76 6.76 6.76 6.76 6.76 6.76 6.76
Reserves -1.64 -1.46 -1.39 -1.27 0.59 3.73 5.54 6.29 11.24 15.08 16.16 17.57 18.41
0.00 0.00 0.00 0.00 0.00 0.00 0.75 0.98 0.00 0.00 0.00 0.25 0.00
0.35 0.48 0.32 0.49 1.61 1.78 2.28 2.45 1.96 0.93 1.39 1.03 0.43
Total Liabilities 5.50 5.81 5.72 6.01 8.99 12.30 15.33 16.48 19.96 22.77 24.31 25.61 25.60
0.01 0.01 0.01 0.01 1.19 0.89 0.95 1.94 1.51 2.28 8.55 8.68 7.78
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.88
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
5.49 5.80 5.71 6.00 7.80 11.41 14.38 14.54 18.45 20.49 15.76 16.93 16.94
Total Assets 5.50 5.81 5.72 6.01 8.99 12.30 15.33 16.48 19.96 22.77 24.31 25.61 25.60

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-0.73 -0.47 -0.65 -0.41 -0.77 -5.13 -2.31 -1.50 -7.84 -4.26 4.35 -1.87
1.17 0.32 0.15 0.30 1.45 4.60 3.16 0.30 7.78 4.68 -4.67 1.91
-0.29 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.04 0.00 0.01 0.00
Net Cash Flow 0.15 -0.15 -0.50 -0.11 0.68 -0.53 0.86 -1.09 -0.01 0.42 -0.30 0.04

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 692.15 347.34 411.64 146.78 156.43 116.25 309.31 36.84 15.57 268.84 229.75 59.93
Inventory Days 0.00 26.41 19.21 16.10 1,478.25 0.00 0.00 0.00 0.00 16.19 106.54 620.21
Days Payable 36.02 42.69 38.92 1,660.75 7.31 69.05 34.22
Cash Conversion Cycle 692.15 337.73 388.16 123.97 -26.07 116.25 309.31 36.84 15.57 277.71 267.23 645.92
Working Capital Days 643.48 423.87 851.67 114.31 5,179.52 -105.00 152.77 -115.98 -290.62 249.71 105.61 536.60
ROCE % 0.58% 4.20% 1.30% 3.66% 4.50% 1.23% 0.25% 5.02% -2.62% 0.85% 5.50% 1.85%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
49.51 49.51 49.51 49.51 49.51 49.51 49.51 49.80 49.80 49.80 49.80 49.80
1.60 1.60 1.60 1.62 1.62 1.61 1.65 1.55 1.79 1.59 0.00 0.00
0.04 0.04 0.03 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.03 0.03
48.85 48.85 48.86 48.83 48.83 48.84 48.80 48.62 48.38 48.58 50.18 50.17

* 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.

Documents

Announcements

Annual reports

Concalls

  • Feb 2023
    Transcript
    Notes
    PPT
  • Sep 2021
    Transcript
    Notes
    PPT
  • Jun 2021
    Transcript
    Notes
    PPT
  • Nov 2020
    Transcript
    Notes
    PPT