Bharat Agri Fert & Realty Ltd

Bharat Agri Fert & Realty Ltd

₹ 112 1.40%
06 Jun 3:23 p.m.
About

Incorporated in 1958, Bharat Agri Fert And Realty Ltd is engaged in the business of construction and development of Residential and Commercial Complexes, Manufacturing Fertilisers and Operating a Resort. [1][2]

Key Points

Revenue Split
Fertilizers: 90% in FY21 Vs 64% in FY20
Resort: 10% in FY21 Vs 12% in FY20
Construction: NIL in FY21 Vs 24% in FY20 [1]

  • Market Cap 595 Cr.
  • Current Price 112
  • High / Low 140 / 36.9
  • Stock P/E
  • Book Value 9.97
  • Dividend Yield 0.00 %
  • ROCE -5.97 %
  • ROE -14.5 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 11.3 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.67% over past five years.
  • Company has a low return on equity of -7.65% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
5.92 10.85 7.14 3.77 3.92 7.06 4.27 5.70 5.99 9.73 6.52 5.55 7.44
7.48 10.98 5.74 5.72 5.48 4.59 4.93 5.21 6.29 8.25 8.13 7.41 8.62
Operating Profit -1.56 -0.13 1.40 -1.95 -1.56 2.47 -0.66 0.49 -0.30 1.48 -1.61 -1.86 -1.18
OPM % -26.35% -1.20% 19.61% -51.72% -39.80% 34.99% -15.46% 8.60% -5.01% 15.21% -24.69% -33.51% -15.86%
0.73 0.13 0.14 0.16 0.01 0.15 0.23 3.28 -0.29 0.15 0.37 0.39 0.70
Interest 0.33 0.48 0.18 0.25 0.85 0.42 0.44 0.56 0.66 0.63 0.87 0.96 0.97
Depreciation 0.66 0.58 0.57 0.58 0.59 0.50 0.72 0.75 0.74 0.74 0.82 0.88 0.87
Profit before tax -1.82 -1.06 0.79 -2.62 -2.99 1.70 -1.59 2.46 -1.99 0.26 -2.93 -3.31 -2.32
Tax % 0.00% -4.72% -1.27% 0.00% -2.34% 0.00% -3.14% 0.41% -0.50% 42.31% 4.10% -0.91% 3.45%
Net Profit -1.84 -1.11 0.80 -2.62 -3.06 1.70 -1.64 2.45 -2.00 0.15 -2.82 -3.35 -2.23
EPS in Rs -0.35 -0.21 0.15 -0.50 -0.58 0.32 -0.31 0.46 -0.38 0.03 -0.53 -0.63 -0.42
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
30.20 56.42 78.34 57.21 51.59 43.99 33.47 45.29 22.61 25.64 23.01 29.23
17.78 30.22 51.06 44.22 49.48 41.60 31.06 45.56 26.50 27.89 21.00 32.41
Operating Profit 12.42 26.20 27.28 12.99 2.11 2.39 2.41 -0.27 -3.89 -2.25 2.01 -3.18
OPM % 41.13% 46.44% 34.82% 22.71% 4.09% 5.43% 7.20% -0.60% -17.20% -8.78% 8.74% -10.88%
0.39 1.83 1.65 1.31 0.68 1.08 1.98 1.93 1.08 0.45 3.37 1.62
Interest 0.44 0.36 0.57 0.22 0.75 1.85 1.22 2.20 1.47 1.76 2.08 3.43
Depreciation 0.52 0.85 1.55 1.89 2.19 2.60 3.00 3.08 2.68 2.32 2.73 3.32
Profit before tax 11.85 26.82 26.81 12.19 -0.15 -0.98 0.17 -3.62 -6.96 -5.88 0.57 -8.31
Tax % 20.84% 22.26% 21.67% 22.97% -40.00% 7.14% 94.12% 7.18% 0.00% -2.04% 10.53% 0.72%
Net Profit 9.38 20.85 20.99 9.40 -0.21 -0.91 0.01 -3.36 -6.96 -6.00 0.51 -8.25
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
Dividend Payout % 8.46% 6.34% 6.30% 8.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -6%
5 Years: -3%
3 Years: 9%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -7%
TTM: -2019%
Stock Price CAGR
10 Years: 27%
5 Years: 53%
3 Years: 95%
1 Year: 138%
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
5.29 5.29 5.29 5.29 5.29 5.29 5.29 5.29 5.29 5.29 5.29 5.29
Reserves 24.73 43.87 63.16 71.60 71.39 71.98 70.93 67.67 60.76 55.04 55.72 47.42
4.11 7.01 7.06 14.71 19.74 14.31 17.48 14.70 14.47 18.24 22.95 26.96
21.27 29.14 20.26 15.36 23.69 18.30 17.40 26.88 15.82 16.34 15.74 15.92
Total Liabilities 55.40 85.31 95.77 106.96 120.11 109.88 111.10 114.54 96.34 94.91 99.70 95.59
9.42 17.58 18.93 17.62 21.97 23.62 26.08 23.65 21.25 19.34 26.44 29.02
CWIP 0.00 0.00 0.00 3.45 0.00 0.00 0.00 0.00 0.00 7.26 0.00 0.00
Investments 0.02 0.02 0.02 0.02 0.88 0.88 0.88 0.37 0.37 0.37 0.40 0.35
45.96 67.71 76.82 85.87 97.26 85.38 84.14 90.52 74.72 67.94 72.86 66.22
Total Assets 55.40 85.31 95.77 106.96 120.11 109.88 111.10 114.54 96.34 94.91 99.70 95.59

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
2.93 12.29 12.90 -8.55 -16.18 10.41 10.31 0.65 -0.37 9.48 7.52 5.24
-3.55 -8.69 -2.33 -1.04 -4.45 -5.12 -6.99 -0.65 1.86 -7.64 -9.79 -5.74
2.82 1.92 -1.26 7.41 3.34 -5.27 1.22 -4.55 -1.50 -1.76 2.20 0.57
Net Cash Flow 2.20 5.52 9.31 -2.18 -17.29 0.01 4.54 -4.55 0.00 0.08 -0.07 0.08

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 60.07 49.49 57.59 69.80 104.50 106.29 130.75 102.67 187.10 146.77 157.20 11.74
Inventory Days 1,035.70 820.35 363.48 496.06 603.84 596.06 879.73 714.97 1,253.98 920.10 2,203.70 1,607.04
Days Payable 88.06 267.28 74.11 90.78 200.63 164.09 246.44 358.77 321.46 285.92 543.73 339.33
Cash Conversion Cycle 1,007.70 602.56 346.95 475.07 507.71 538.26 764.04 458.87 1,119.62 780.94 1,817.16 1,279.45
Working Capital Days 243.17 171.70 153.24 247.80 347.81 374.29 406.22 299.40 601.02 403.86 530.45 351.26
ROCE % 43.20% 59.47% 41.62% 14.85% 0.65% 0.90% 1.50% -1.53% -6.53% -5.18% 3.15% -5.97%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
67.91 67.91 67.91 67.91 67.91 67.91 67.91 67.91 67.91 67.91 67.91 67.91
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.00
32.09 32.09 32.09 32.09 32.09 32.09 32.09 32.09 32.09 32.04 32.08 32.08

* 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.

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