Bharat Agri Fert & Realty Ltd
Incorporated in 1985, Bharat Agri Fert & Realty Ltd is in the business of construction and development of Residential and Commercial
Complex, Manufacture of Fertilisers and Operating a Resort[1]
- Market Cap ₹ 574 Cr.
- Current Price ₹ 109
- High / Low ₹ 135 / 79.2
- Stock P/E
- Book Value ₹ 9.13
- Dividend Yield 0.00 %
- ROCE -6.12 %
- ROE -14.7 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 11.9 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.68% over past five years.
- Company has a low return on equity of -7.72% 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.
Peer comparison
Sector: Fertilizers Industry: Fertilizers
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 | 56 | 78 | 57 | 52 | 44 | 33 | 45 | 23 | 26 | 23 | 29 | 25 | |
| 18 | 30 | 51 | 44 | 49 | 42 | 31 | 46 | 26 | 28 | 21 | 32 | 29 | |
| Operating Profit | 12 | 26 | 27 | 13 | 2 | 2 | 2 | -0 | -4 | -2 | 2 | -3 | -5 |
| OPM % | 41% | 46% | 35% | 23% | 4% | 5% | 7% | -1% | -17% | -9% | 9% | -11% | -19% |
| 0 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 0 | 3 | 2 | 0 | |
| Interest | 0 | 0 | 1 | 0 | 1 | 2 | 1 | 2 | 1 | 2 | 2 | 3 | 3 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 3 | 3 | 4 |
| Profit before tax | 12 | 27 | 27 | 12 | -0 | -1 | 0 | -4 | -7 | -6 | 1 | -8 | -11 |
| Tax % | 21% | 22% | 22% | 23% | -40% | 7% | 94% | 7% | 0% | -2% | 11% | 1% | |
| 9 | 21 | 21 | 9 | -0 | -1 | 0 | -3 | -7 | -6 | 1 | -8 | -11 | |
| EPS in Rs | 1.77 | 3.94 | 3.97 | 1.78 | -0.04 | -0.17 | 0.00 | -0.64 | -1.32 | -1.13 | 0.10 | -1.56 | -2.06 |
| Dividend Payout % | 8% | 6% | 6% | 8% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -3% |
| 3 Years: | 9% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -7% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 57% |
| 3 Years: | 88% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -7% |
| 3 Years: | -8% |
| Last Year: | -15% |
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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 25 | 44 | 63 | 72 | 71 | 72 | 71 | 68 | 61 | 55 | 56 | 47 | 43 |
| 4 | 7 | 7 | 15 | 20 | 14 | 17 | 15 | 14 | 18 | 23 | 27 | 31 | |
| 21 | 29 | 20 | 15 | 24 | 18 | 17 | 27 | 16 | 16 | 16 | 16 | 24 | |
| Total Liabilities | 55 | 85 | 96 | 107 | 120 | 110 | 111 | 115 | 96 | 95 | 100 | 96 | 103 |
| 9 | 18 | 19 | 18 | 22 | 24 | 26 | 24 | 21 | 19 | 26 | 29 | 29 | |
| CWIP | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 7 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 46 | 68 | 77 | 86 | 97 | 85 | 84 | 91 | 75 | 68 | 73 | 66 | 73 | |
| Total Assets | 55 | 85 | 96 | 107 | 120 | 110 | 111 | 115 | 96 | 95 | 100 | 96 | 103 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 12 | 13 | -9 | -16 | 10 | 10 | 1 | -0 | 9 | 8 | 5 | |
| -4 | -9 | -2 | -1 | -4 | -5 | -7 | -1 | 2 | -8 | -10 | -6 | |
| 3 | 2 | -1 | 7 | 3 | -5 | 1 | -5 | -2 | -2 | 2 | 1 | |
| Net Cash Flow | 2 | 6 | 9 | -2 | -17 | 0 | 5 | -5 | 0 | 0 | -0 | 0 |
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 | 60 | 49 | 58 | 70 | 104 | 106 | 131 | 103 | 187 | 147 | 157 | 12 |
| Inventory Days | 1,036 | 820 | 363 | 496 | 604 | 596 | 880 | 715 | 1,254 | 920 | 2,204 | 1,607 |
| Days Payable | 88 | 267 | 74 | 91 | 201 | 164 | 246 | 359 | 321 | 286 | 544 | 339 |
| Cash Conversion Cycle | 1,008 | 603 | 347 | 475 | 508 | 538 | 764 | 459 | 1,120 | 781 | 1,817 | 1,279 |
| Working Capital Days | 243 | 172 | 153 | 248 | 348 | 374 | 406 | 299 | 601 | 404 | 530 | 351 |
| ROCE % | 43% | 59% | 42% | 15% | 1% | 1% | 2% | -2% | -7% | -5% | 3% | -6% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 18 Apr
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 18 Apr
- Expansion Update: ANCHAVIYO RESORT To Introduce 21 New Theme - Based Rooms By The End Of May 2024 15 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Certificate dated 3rd April, 2024 issued by the Link Intime India Private Limited , Registrar and Transfer Agent (RTA) of the Company confirming the Compliance …
- Announcement Under Regulation 30 (LODR) - Revised Summary Of The Proceeding Of The 38Th Annual General Meeting Held On Friday, 29Th September, 2023. 6 Apr
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024TranscriptPPT
Divisional Operations:[1]
a) Fertilizer Division:
In FY23, BAFRL did a production of ~7,586 MT SSP and sold ~9,894 MT SSP. Due to increased cost of Prime Raw Material (i.e. Imported Rock Phosphate) and inadequate working capital limits, company’s performance was severely affected and management has approached bankers to consider enhancement of Working Capital limits, which is under process. Company has a marketing tie up with M/s Greenstar Fertilizers Limited for 25,000 MT and with its own marketing setup for 15,000 MT, company anticipate total sale of 40,000 M.T. with revenue of Rs.70 Crore.
Anchaviyo Resort(Mumbai): The company owns Anchaviyo resort in Palghar district, Wada which is built on its own land parcel of 100-120 acres. The company currently has 51 rooms which will be increased to 60 rooms by March 2024 and has plans to increase 4-5 every quarter which will increase the resort's capacity to 125 rooms. The average yearly occupancy of the resort is almost 50%-60%.
Realty Division:** The company owns a land parcel in the heart of Thane city in Majiwada where it has started developing 60-storied building. The company has already received regulatory permission till 35 floors. Each floor will have 8 flats in combination of 2 and 3 BHK. And the project is expected to be completed within 3-4 years.[2]