Balaji Galvanising Industries Ltd

Balaji Galvanising Industries Ltd

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About

Balaji Galvanising Industries manufactures and sells steel wire and wire products in India.

  • Market Cap Cr.
  • Current Price
  • High / Low /
  • Stock P/E
  • Book Value
  • Dividend Yield %
  • ROCE -15.8 %
  • ROE -21.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -54.2% over past five years.
  • Company has a low return on equity of -23.6% over last 3 years.
  • Company has high debtors of 2,576 days.
  • Working capital days have increased from 1,496 days to 4,337 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

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Quarterly Results

Figures in Rs. Crores

Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017
1.84 2.18 2.21 2.38 1.59 2.03 2.29 2.16 2.11 2.29 1.96 2.15 2.40
1.97 2.33 2.24 2.39 1.79 1.80 2.45 1.97 2.29 2.31 1.78 2.13 2.60
Operating Profit -0.13 -0.15 -0.03 -0.01 -0.20 0.23 -0.16 0.19 -0.18 -0.02 0.18 0.02 -0.20
OPM % -7.07% -6.88% -1.36% -0.42% -12.58% 11.33% -6.99% 8.80% -8.53% -0.87% 9.18% 0.93% -8.33%
0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.01 0.01 0.01 0.00 0.12 0.00
Interest 0.03 0.03 0.03 0.03 0.04 0.05 0.19 0.02 0.04 0.05 0.03 0.02 0.04
Depreciation 0.05 0.05 0.05 0.05 0.04 0.04 0.05 0.04 0.05 0.05 0.05 0.02 0.04
Profit before tax -0.21 -0.23 -0.11 -0.09 -0.28 0.14 -0.32 0.14 -0.26 -0.11 0.10 0.10 -0.28
Tax % 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%
-0.21 -0.22 -0.11 -0.09 -0.28 0.14 -0.31 0.14 -0.26 -0.11 0.10 0.10 -0.28
EPS in Rs
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
6.56 7.37 9.29 9.48 10.83 7.97 8.39 8.33 8.06 8.51 6.63 0.17
6.25 7.48 8.74 9.05 10.35 8.29 8.89 8.40 7.77 8.50 7.13 2.30
Operating Profit 0.31 -0.11 0.55 0.43 0.48 -0.32 -0.50 -0.07 0.29 0.01 -0.50 -2.13
OPM % 4.73% -1.49% 5.92% 4.54% 4.43% -4.02% -5.96% -0.84% 3.60% 0.12% -7.54% -1,252.94%
0.07 0.14 0.01 0.01 0.01 0.02 0.02 0.45 0.02 0.13 0.03 3.63
Interest 0.10 0.06 0.01 0.00 0.09 0.10 0.13 0.15 0.15 0.14 0.16 0.01
Depreciation 0.18 0.19 0.19 0.19 0.20 0.20 0.19 0.18 0.17 0.16 0.14 0.11
Profit before tax 0.10 -0.22 0.36 0.25 0.20 -0.60 -0.80 0.05 -0.01 -0.16 -0.77 1.38
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.10 -0.22 0.36 0.25 0.20 -0.59 -0.80 0.05 -0.01 -0.16 -0.77 1.37
EPS in Rs
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: -31%
5 Years: -54%
3 Years: -72%
TTM: -97%
Compounded Profit Growth
10 Years: -11%
5 Years: 8%
3 Years: %
TTM: 46%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: -7%
5 Years: -13%
3 Years: -24%
Last Year: -21%

Balance Sheet

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity Capital 4.95 4.95 4.95 4.95 4.95 4.95 4.95 4.95 4.95 4.95 4.95 4.95
Reserves -1.94 -2.17 -1.81 -1.56 -1.36 -1.95 -2.75 -2.72 -2.74 -2.90 -3.67 -2.29
0.27 0.09 0.03 0.01 0.68 1.15 1.64 1.65 1.81 1.81 1.12 0.00
2.40 2.48 1.68 2.72 2.37 1.95 2.07 1.75 1.49 1.49 0.64 0.49
Total Liabilities 5.68 5.35 4.85 6.12 6.64 6.10 5.91 5.63 5.51 5.35 3.04 3.15
2.37 2.23 2.15 1.96 1.95 1.77 1.60 1.40 1.23 1.06 0.92 0.00
CWIP 0.00 0.00 0.00 0.07 0.14 0.15 0.15 0.15 0.15 0.15 0.15 0.00
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
3.31 3.12 2.70 4.09 4.55 4.18 4.16 4.08 4.13 4.14 1.97 3.15
Total Assets 5.68 5.35 4.85 6.12 6.64 6.10 5.91 5.63 5.51 5.35 3.04 3.15

Cash Flows

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
0.56 0.34 0.10 0.08 -0.30 -0.42 -0.33 0.18 0.17 0.06 0.64 -1.07
-0.30 -0.01 -0.09 -0.06 -0.25 -0.01 0.00 0.02 0.02 0.03 0.02 2.79
-0.37 -0.24 -0.07 -0.02 0.58 0.36 0.34 -0.14 0.01 -0.14 -0.85 -1.13
Net Cash Flow -0.11 0.09 -0.06 0.00 0.03 -0.07 0.01 0.06 0.20 -0.05 -0.19 0.58

Ratios

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 38.39 38.13 35.75 57.75 69.43 104.42 100.06 106.91 94.19 82.35 70.47 2,576.47
Inventory Days 193.53 127.37 76.47 114.53 80.37 82.90 72.76 57.20 80.01 84.41 10.05 0.00
Days Payable 159.58 93.15 77.49 96.11 89.58 106.03 98.79 76.66 69.43 65.39 32.82
Cash Conversion Cycle 72.35 72.35 34.73 76.18 60.22 81.28 74.03 87.46 104.77 101.37 47.70 2,576.47
Working Capital Days 48.96 25.75 37.72 44.28 64.71 91.14 79.61 88.51 96.00 93.07 57.81 4,337.06
ROCE % 6.25% -6.18% 12.25% 7.61% 7.56% -11.88% -16.77% 5.18% 3.54% -0.51% -19.81% -15.81%

Shareholding Pattern

Numbers in percentages

Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018
40.37% 40.37% 40.37% 40.37% 40.37% 40.37% 40.37% 40.37%
2.02% 2.02% 2.02% 2.02% 2.02% 2.02% 2.02% 2.02%
4.98% 4.98% 4.98% 4.98% 4.98% 4.98% 4.98% 4.98%
52.64% 52.64% 52.64% 52.64% 52.64% 52.64% 52.64% 52.64%
No. of Shareholders 1,8231,8231,8231,8231,8221,8221,8221,823

* 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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