Bemco Hydraulics Ltd

Bemco Hydraulics Ltd

₹ 954 3.25%
28 Mar - close price
About

Incorporated in 2001, Bemco Hydraulics Ltd manufactures hydraulic and portable re-railing equipment[1]

Key Points

Business Overview:[1]
BHL is in the business of designing, developing and manufacturing Hydraulic press, Portable re-railing equipment, Light weight re-railing equipment, Hydraulic Re-railing equipment, Re-railing Systems, Hydraulic press, Wheel fitting press, Straightening press. Its Portable Re-railing Equipment is designed for re-railing cars and locomotives

  • Market Cap 209 Cr.
  • Current Price 954
  • High / Low 1,150 / 397
  • Stock P/E 27.8
  • Book Value 248
  • Dividend Yield 0.00 %
  • ROCE 11.9 %
  • ROE 9.79 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.5% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 2.64% over past five years.
  • Company has a low return on equity of 10.9% over last 3 years.
  • Debtor days have increased from 110 to 137 days.
  • Working capital days have increased from 92.8 days to 177 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.

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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
16.19 23.16 8.97 5.98 19.53 27.78 5.07 15.54 9.30 16.14 21.28 19.60 12.57
13.03 19.75 7.89 5.12 16.10 23.17 6.58 11.19 7.89 13.26 18.21 16.70 10.02
Operating Profit 3.16 3.41 1.08 0.86 3.43 4.61 -1.51 4.35 1.41 2.88 3.07 2.90 2.55
OPM % 19.52% 14.72% 12.04% 14.38% 17.56% 16.59% -29.78% 27.99% 15.16% 17.84% 14.43% 14.80% 20.29%
0.14 0.14 0.14 0.17 0.20 0.13 0.28 0.21 -0.11 0.12 0.13 0.34 0.21
Interest 0.44 0.54 0.44 0.54 0.45 0.79 0.28 0.30 0.43 0.39 0.31 0.30 0.35
Depreciation 0.24 0.17 0.18 0.22 0.24 0.26 0.24 0.20 0.19 0.19 0.16 0.18 0.16
Profit before tax 2.62 2.84 0.60 0.27 2.94 3.69 -1.75 4.06 0.68 2.42 2.73 2.76 2.25
Tax % 30.92% 61.62% 56.67% -33.33% 53.40% 12.47% 24.00% 9.61% 19.12% 26.03% 25.27% 23.91% 29.78%
1.80 1.10 0.26 0.36 1.38 3.23 -1.34 3.67 0.55 1.79 2.04 2.10 1.58
EPS in Rs 8.23 5.03 1.19 1.65 6.31 14.77 -6.13 16.78 2.52 8.19 9.33 9.60 7.23
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
24.92 38.43 32.04 36.66 21.46 41.28 40.42 47.23 32.01 61.87 62.25 46.05 69.59
21.60 34.10 33.95 32.43 21.02 36.64 35.69 41.90 27.92 52.32 52.27 38.91 58.19
Operating Profit 3.32 4.33 -1.91 4.23 0.44 4.64 4.73 5.33 4.09 9.55 9.98 7.14 11.40
OPM % 13.32% 11.27% -5.96% 11.54% 2.05% 11.24% 11.70% 11.29% 12.78% 15.44% 16.03% 15.50% 16.38%
0.33 0.33 0.14 1.86 0.38 3.51 0.38 0.72 0.57 0.52 0.63 0.50 0.80
Interest 2.08 3.04 3.93 3.29 2.66 3.04 2.95 2.75 2.30 2.16 2.21 1.41 1.35
Depreciation 0.88 0.62 1.20 1.31 1.25 1.26 0.70 0.78 0.81 0.81 0.90 0.82 0.69
Profit before tax 0.69 1.00 -6.90 1.49 -3.09 3.85 1.46 2.52 1.55 7.10 7.50 5.41 10.16
Tax % 40.58% 44.00% 31.01% 159.06% 0.00% 22.60% 28.08% 35.71% 45.81% 42.68% 30.27% 13.68%
0.41 0.56 -4.77 -0.89 -3.08 2.98 1.05 1.63 0.84 4.06 5.23 4.67 7.51
EPS in Rs 2.83 3.87 -26.70 -4.07 -14.09 13.63 4.80 7.45 3.84 18.57 23.92 21.36 34.35
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: 2%
5 Years: 3%
3 Years: 13%
TTM: 21%
Compounded Profit Growth
10 Years: 24%
5 Years: 35%
3 Years: 78%
TTM: 23%
Stock Price CAGR
10 Years: 31%
5 Years: 58%
3 Years: 59%
1 Year: 129%
Return on Equity
10 Years: 4%
5 Years: 8%
3 Years: 11%
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 1.45 1.45 1.79 2.19 2.19 2.19 2.19 2.19 2.19 2.19 2.19 2.19 2.19
Reserves 4.51 4.58 1.46 2.21 -0.87 30.32 31.52 33.09 33.76 37.84 43.17 47.89 52.05
Preference Capital 3.38 3.38 3.20 3.20 3.20 0.00 3.18 3.18 2.98 2.98 2.98 2.99
16.41 26.13 29.35 18.42 21.51 19.85 16.01 11.20 16.55 8.31 6.43 7.14 9.05
23.32 18.63 17.79 14.35 20.25 27.50 28.76 33.17 31.49 34.72 36.06 34.38 35.71
Total Liabilities 45.69 50.79 50.39 37.17 43.08 79.86 78.48 79.65 83.99 83.06 87.85 91.60 99.00
4.50 9.76 10.56 9.30 8.21 42.71 44.06 44.38 43.91 43.93 43.84 43.14 42.97
CWIP 0.00 0.21 0.00 0.00 0.00 0.00 0.12 0.20 0.20 0.00 0.00 0.00 0.00
Investments 0.01 0.00 0.00 0.00 0.01 0.21 0.23 0.22 0.16 0.24 0.28 0.32 0.42
41.18 40.82 39.83 27.87 34.86 36.94 34.07 34.85 39.72 38.89 43.73 48.14 55.61
Total Assets 45.69 50.79 50.39 37.17 43.08 79.86 78.48 79.65 83.99 83.06 87.85 91.60 99.00

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
-4.03 -0.40 1.66 11.10 0.50 5.92 5.79 8.17 -1.75 12.34 12.37 -7.37
-0.43 -2.71 -1.65 -1.20 -0.21 -1.27 -2.14 -1.27 -1.04 0.41 -0.91 0.75
4.49 3.37 -0.19 -10.13 -0.19 -4.50 -3.78 -7.02 3.26 -10.25 -5.58 -2.18
Net Cash Flow 0.03 0.26 -0.18 -0.23 0.11 0.15 -0.14 -0.11 0.47 2.50 5.87 -8.80

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 166.68 115.97 141.94 69.79 160.39 110.97 94.37 106.42 128.17 98.40 94.93 136.73
Inventory Days 868.79 406.25 421.99 343.67 889.69 325.10 811.35 428.25 3,425.16 246.02 306.91 3,304.08
Days Payable 298.33 144.13 156.34 145.12 381.01 173.79 469.59 304.21 1,483.36 202.85 322.71 1,727.07
Cash Conversion Cycle 737.14 378.09 407.59 268.34 669.07 262.28 436.12 230.46 2,069.97 141.58 79.13 1,713.73
Working Capital Days 268.48 210.38 218.04 135.31 233.18 97.62 85.88 50.54 136.15 56.93 44.56 176.83
ROCE % 13.04% 13.22% -8.21% 15.72% -1.69% 10.36% 8.40% 10.28% 7.30% 17.36% 18.31% 11.86%

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% 74.69% 74.69% 74.69% 74.69% 74.69% 74.69%
25.31% 25.31% 25.31% 25.31% 25.31% 25.31% 25.30% 25.31% 25.30% 25.31% 25.30% 25.30%
No. of Shareholders 1,9631,9391,9652,0012,0652,1212,2522,3152,3852,5702,5362,607

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