Bharat Agri Fert & Realty Ltd

₹ 1,121 -2.92%
27 Jan - close price
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 592 Cr.
  • Current Price 1,121
  • High / Low 1,215 / 324
  • Stock P/E
  • Book Value 110
  • Dividend Yield 0.00 %
  • ROCE 3.15 %
  • ROE 0.71 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 10.2 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -12.2% over past five years.
  • Company has a low return on equity of -6.48% over last 3 years.
  • Earnings include an other income of Rs.3.51 Cr.
  • Company has high debtors of 157 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

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
4.76 3.07 5.92 10.85 7.14 3.77 3.92 7.06 4.27 5.70 5.99 9.73 6.52
6.29 4.64 7.48 10.98 5.74 5.72 5.48 4.59 4.93 5.21 6.29 8.25 8.13
Operating Profit -1.53 -1.57 -1.56 -0.13 1.40 -1.95 -1.56 2.47 -0.66 0.49 -0.30 1.48 -1.61
OPM % -32.14% -51.14% -26.35% -1.20% 19.61% -51.72% -39.80% 34.99% -15.46% 8.60% -5.01% 15.21% -24.69%
0.06 0.14 0.73 0.13 0.14 0.16 0.01 0.15 0.23 3.28 -0.29 0.15 0.37
Interest 0.45 0.45 0.33 0.48 0.18 0.25 0.85 0.42 0.44 0.56 0.66 0.63 0.87
Depreciation 0.67 0.68 0.66 0.58 0.57 0.58 0.59 0.50 0.72 0.75 0.74 0.74 0.82
Profit before tax -2.59 -2.56 -1.82 -1.06 0.79 -2.62 -2.99 1.70 -1.59 2.46 -1.99 0.26 -2.93
Tax % 0.39% 0.00% 0.00% -4.72% -1.27% 0.00% -2.34% 0.00% -3.14% 0.41% -0.50% 42.31% 4.10%
Net Profit -2.58 -2.55 -1.84 -1.11 0.80 -2.62 -3.06 1.70 -1.64 2.45 -2.00 0.15 -2.82
EPS in Rs -4.88 -4.82 -3.48 -2.10 1.51 -4.96 -5.79 3.22 -3.10 4.64 -3.78 0.28 -5.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
29.18 30.20 56.42 78.34 57.21 51.59 43.99 33.47 45.29 22.61 25.64 23.01 27.94
14.99 17.78 30.22 51.06 44.22 49.48 41.60 31.06 45.56 26.50 27.89 21.00 27.88
Operating Profit 14.19 12.42 26.20 27.28 12.99 2.11 2.39 2.41 -0.27 -3.89 -2.25 2.01 0.06
OPM % 48.63% 41.13% 46.44% 34.82% 22.71% 4.09% 5.43% 7.20% -0.60% -17.20% -8.78% 8.74% 0.21%
6.64 0.39 1.83 1.65 1.31 0.68 1.08 1.98 1.93 1.08 0.45 3.37 3.51
Interest 0.06 0.44 0.36 0.57 0.22 0.75 1.85 1.22 2.20 1.47 1.76 2.08 2.72
Depreciation 0.54 0.52 0.85 1.55 1.89 2.19 2.60 3.00 3.08 2.68 2.32 2.73 3.05
Profit before tax 20.23 11.85 26.82 26.81 12.19 -0.15 -0.98 0.17 -3.62 -6.96 -5.88 0.57 -2.20
Tax % 17.70% 20.84% 22.26% 21.67% 22.97% -40.00% 7.14% 94.12% 7.18% 0.00% -2.04% 10.53%
Net Profit 16.65 9.38 20.85 20.99 9.40 -0.21 -0.91 0.01 -3.36 -6.96 -6.00 0.51 -2.22
EPS in Rs 31.50 17.75 39.45 39.71 17.78 -0.40 -1.72 0.02 -6.36 -13.17 -11.35 0.96 -4.20
Dividend Payout % 0.00% 8.46% 6.34% 6.30% 8.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -3%
5 Years: -12%
3 Years: -20%
TTM: 47%
Compounded Profit Growth
10 Years: -27%
5 Years: 20%
3 Years: 29%
TTM: 61%
Stock Price CAGR
10 Years: 23%
5 Years: 50%
3 Years: 77%
1 Year: 235%
Return on Equity
10 Years: 5%
5 Years: -5%
3 Years: -6%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
5.29 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 16.47 24.73 43.87 63.16 71.60 71.39 71.98 70.93 67.67 60.76 55.04 55.72 53.05
1.01 4.11 7.01 7.06 14.71 19.74 14.31 17.48 14.70 14.47 18.24 22.95 26.37
21.53 21.27 29.14 20.26 15.36 23.69 18.30 17.40 26.88 15.82 16.34 15.74 14.83
Total Liabilities 44.30 55.40 85.31 95.77 106.96 120.11 109.88 111.10 114.54 96.34 94.91 99.70 99.54
5.42 9.42 17.58 18.93 17.62 21.97 23.62 26.08 23.65 21.25 19.34 26.44 28.32
CWIP 1.06 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 0.02 0.88 0.88 0.88 0.37 0.37 0.37 0.40 0.52
37.80 45.96 67.71 76.82 85.87 97.26 85.38 84.14 90.52 74.72 67.94 72.86 70.70
Total Assets 44.30 55.40 85.31 95.77 106.96 120.11 109.88 111.10 114.54 96.34 94.91 99.70 99.54

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2.89 2.93 12.29 12.90 -8.55 -16.18 10.41 10.31 0.65 -0.37 9.48 7.52
-1.21 -3.55 -8.69 -2.33 -1.04 -4.45 -5.12 -6.99 -0.65 1.86 -7.64 -9.79
-0.54 2.82 1.92 -1.26 7.41 3.34 -5.27 1.22 -4.55 -1.50 -1.76 2.20
Net Cash Flow 1.14 2.20 5.52 9.31 -2.18 -17.29 0.01 4.54 -4.55 0.00 0.08 -0.07

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 1.00 60.07 49.49 57.59 69.80 104.50 106.29 130.75 102.67 187.10 146.77 157.20
Inventory Days 929.76 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
Days Payable 142.96 88.06 267.28 74.11 90.78 200.63 164.09 246.44 358.77 321.46 285.92 543.73
Cash Conversion Cycle 787.80 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
Working Capital Days 174.49 243.17 171.70 153.24 247.80 347.81 374.29 406.22 299.40 601.02 403.86 530.45
ROCE % 110.03% 43.20% 59.47% 41.62% 14.85% 0.65% 0.90% 1.50% -1.53% -6.53% -5.18% 3.15%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
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 0.00 0.05 0.00
32.09 32.09 32.09 32.09 32.09 32.09 32.09 32.09 32.09 32.09 32.04 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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