Birla Precision Technologies Ltd

Birla Precision Technologies Ltd

₹ 62.3 0.13%
19 Apr - close price
About

Incorporated in 1986, Birla Precision Technologies Ltd manufactures and sells Machine Tool Accessories, Tools, Precision / Automotive Components
and Castings[1]

Key Points

Business Overview:[1]
BPTL was formed as a JV company between Birla Group and Kennametal Inc, USA. Company provides tooling solutions via manufacturing of High Precision AT3 class Tool Holders, High Precision Work Holding, Expanding Mandrel, Production Boosters, Capital Items, Boring Bars and custom built solutions

  • Market Cap 407 Cr.
  • Current Price 62.3
  • High / Low 76.7 / 32.0
  • Stock P/E 35.0
  • Book Value 21.1
  • Dividend Yield 0.08 %
  • ROCE 12.8 %
  • ROE 9.52 %
  • Face Value 2.00

Pros

  • Company's working capital requirements have reduced from 122 days to 94.0 days

Cons

  • Stock is trading at 2.96 times its book value
  • The company has delivered a poor sales growth of 6.61% over past five years.
  • Company has a low return on equity of 7.20% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
53.07 60.29 54.08 62.40 60.86 68.93 57.81 71.76 59.05 64.74 40.76 56.73 67.29
47.22 57.38 51.41 59.83 57.96 58.45 55.21 65.09 53.29 61.52 35.74 50.83 56.07
Operating Profit 5.85 2.91 2.67 2.57 2.90 10.48 2.60 6.67 5.76 3.22 5.02 5.90 11.22
OPM % 11.02% 4.83% 4.94% 4.12% 4.77% 15.20% 4.50% 9.29% 9.75% 4.97% 12.32% 10.40% 16.67%
0.25 1.02 0.21 0.32 0.15 1.37 5.37 0.38 0.26 4.33 0.19 0.56 0.39
Interest 1.25 1.49 1.23 1.17 1.27 1.61 0.90 0.74 0.89 0.79 0.79 0.73 0.74
Depreciation 1.11 1.07 1.13 1.09 0.98 0.87 0.92 0.99 0.97 1.74 1.73 1.65 1.62
Profit before tax 3.74 1.37 0.52 0.63 0.80 9.37 6.15 5.32 4.16 5.02 2.69 4.08 9.25
Tax % 0.00% 2.19% 0.00% 0.00% 2.50% 1.17% 0.98% -0.56% 1.68% 104.78% 17.47% 37.01% 23.68%
3.74 1.35 0.51 0.63 0.77 9.27 6.08 5.36 4.09 -0.24 2.22 2.57 7.06
EPS in Rs 0.66 0.21 0.08 0.10 0.12 1.42 0.93 0.82 0.63 -0.04 0.34 0.39 1.08
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
193 167 155 154 149 153 184 215 174 171 246 253 230
166 147 141 144 146 144 171 199 166 162 228 235 204
Operating Profit 28 20 14 10 3 9 13 16 7 9 19 18 25
OPM % 14% 12% 9% 6% 2% 6% 7% 7% 4% 5% 8% 7% 11%
9 6 7 4 4 -27 1 4 -10 2 2 10 5
Interest 8 8 8 7 5 5 5 5 6 5 5 3 3
Depreciation 9 9 9 7 6 6 6 6 5 4 4 5 7
Profit before tax 20 9 5 0 -3 -29 3 9 -13 1 11 21 21
Tax % 39% -11% 38% 3,100% 67% -0% -2% 0% 0% 2% 1% 26%
12 10 3 -1 -1 -29 3 9 -13 1 11 15 12
EPS in Rs 3.76 1.94 0.54 -0.11 -0.21 -5.44 0.50 1.66 -2.34 0.22 1.71 2.34 1.77
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 13%
TTM: -11%
Compounded Profit Growth
10 Years: 2%
5 Years: 35%
3 Years: %
TTM: -53%
Stock Price CAGR
10 Years: 38%
5 Years: 29%
3 Years: 87%
1 Year: 73%
Return on Equity
10 Years: 3%
5 Years: 6%
3 Years: 7%
Last Year: 10%

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 Sep 2023
Equity Capital 6 11 11 11 11 11 11 11 11 13 13 13 13
Reserves 111 118 121 119 118 89 92 102 89 94 105 120 124
51 48 32 34 34 30 29 30 28 27 24 32 33
60 59 48 41 39 49 62 75 60 66 72 71 69
Total Liabilities 228 235 211 206 201 179 194 217 188 199 214 236 239
52 54 46 41 37 39 35 32 32 29 33 69 68
CWIP 4 0 0 0 2 0 0 0 0 0 9 0 2
Investments 0 0 0 0 0 0 0 0 0 7 7 7 7
172 180 164 164 162 139 159 185 156 163 165 159 162
Total Assets 228 235 211 206 201 179 194 217 188 199 214 236 239

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
13 10 21 8 9 13 7 9 6 25 22 27
-9 -1 0 -1 -5 -5 -1 -7 0 -20 -9 -32
-4 -12 -23 -7 -6 -7 -6 -4 -6 -1 -8 5
Net Cash Flow -0 -3 -2 0 -2 1 0 -1 -0 3 6 -1

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 86 141 169 172 167 98 91 73 68 70 55 58
Inventory Days 194 226 182 173 200 254 183 306 314 268 271 287
Days Payable 134 167 131 136 149 223 180 197 178 169 155 166
Cash Conversion Cycle 146 200 220 208 217 129 93 182 203 169 171 179
Working Capital Days 168 235 247 264 274 190 172 163 185 161 111 94
ROCE % 20% 10% 7% 5% 1% 4% 6% 10% 4% 5% 12% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
59.85% 59.85% 59.85% 59.85% 59.84% 59.84% 59.84% 59.84% 59.84% 59.84% 59.84% 59.84%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
40.14% 40.14% 40.14% 40.14% 40.14% 40.14% 40.14% 40.14% 40.14% 40.13% 40.14% 40.12%
No. of Shareholders 62,66862,81862,73767,34368,11968,68768,64067,80267,15267,06466,64966,915

* 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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