Bharat Agri Fert & Realty Ltd

Bharat Agri Fert Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bharat Agri Fert & Realty Ltd

₹ 76.0 -2.03%
13 Dec - close price
bharatrealty.co.in BSE: 531862
About

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]

Key Points

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]

Website BSE
  • Market Cap ₹ 401 Cr.
  • Current Price ₹ 76.0
  • High / Low ₹ 132 / 68.5
  • Stock P/E 456
  • Book Value ₹ 8.82
  • Dividend Yield 0.07 %
  • ROCE -6.57 %
  • ROE -16.9 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 8.61 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -13.2% over past five years.
  • Company has a low return on equity of -9.82% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.7.16 Cr.

* 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: Hotels & Restaurants Industry: Hotels

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
4.27 5.70 5.99 9.73 6.52 5.55 7.44 6.51 5.04 5.67 5.04 5.55 6.57
4.93 5.21 6.29 8.25 8.13 7.41 8.62 7.54 6.07 7.07 5.02 5.32 7.09
Operating Profit -0.66 0.49 -0.30 1.48 -1.61 -1.86 -1.18 -1.03 -1.03 -1.40 0.02 0.23 -0.52
OPM % -15.46% 8.60% -5.01% 15.21% -24.69% -33.51% -15.86% -15.82% -20.44% -24.69% 0.40% 4.14% -7.91%
0.23 3.28 -0.29 0.15 0.37 0.39 0.70 0.70 0.36 -1.51 7.40 0.80 0.47
Interest 0.44 0.56 0.66 0.63 0.87 0.96 0.97 0.89 0.77 0.38 0.88 0.88 1.13
Depreciation 0.72 0.75 0.74 0.74 0.82 0.88 0.87 0.86 0.89 0.88 1.21 0.97 1.11
Profit before tax -1.59 2.46 -1.99 0.26 -2.93 -3.31 -2.32 -2.08 -2.33 -4.17 5.33 -0.82 -2.29
Tax % 3.14% 0.41% 0.50% 42.31% -4.10% 0.91% -3.45% 1.44% -0.43% 1.92% -2.63% -93.90% -0.87%
-1.64 2.45 -2.00 0.15 -2.82 -3.35 -2.23 -2.10 -2.32 -4.25 5.47 -0.05 -2.27
EPS in Rs -0.31 0.46 -0.38 0.03 -0.53 -0.63 -0.42 -0.40 -0.44 -0.80 1.03 -0.01 -0.43
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
56.42 78.34 57.21 51.59 43.99 33.47 45.29 22.61 25.64 23.01 29.22 22.26 22.83
30.22 51.06 44.22 49.48 41.60 31.06 45.56 26.50 27.89 21.00 32.32 25.69 24.50
Operating Profit 26.20 27.28 12.99 2.11 2.39 2.41 -0.27 -3.89 -2.25 2.01 -3.10 -3.43 -1.67
OPM % 46.44% 34.82% 22.71% 4.09% 5.43% 7.20% -0.60% -17.20% -8.78% 8.74% -10.61% -15.41% -7.31%
1.83 1.65 1.31 0.68 1.08 1.98 1.93 1.08 0.45 3.37 1.54 6.96 7.16
Interest 0.36 0.57 0.22 0.75 1.85 1.22 2.20 1.47 1.76 2.08 3.43 2.93 3.27
Depreciation 0.85 1.55 1.89 2.19 2.60 3.00 3.08 2.68 2.32 2.73 3.32 3.84 4.17
Profit before tax 26.82 26.81 12.19 -0.15 -0.98 0.17 -3.62 -6.96 -5.88 0.57 -8.31 -3.24 -1.95
Tax % 22.26% 21.67% 22.97% 40.00% -7.14% 94.12% -7.18% 0.00% 2.04% 10.53% -0.72% -1.23%
20.85 20.99 9.40 -0.21 -0.91 0.01 -3.36 -6.96 -6.00 0.51 -8.25 -3.20 -1.10
EPS in Rs 3.94 3.97 1.78 -0.04 -0.17 0.00 -0.64 -1.32 -1.13 0.10 -1.56 -0.61 -0.21
Dividend Payout % 6.34% 6.30% 8.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -8.27%
Compounded Sales Growth
10 Years: -12%
5 Years: -13%
3 Years: -5%
TTM: -7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -17%
TTM: 109%
Stock Price CAGR
10 Years: 22%
5 Years: 37%
3 Years: 38%
1 Year: -26%
Return on Equity
10 Years: -4%
5 Years: -10%
3 Years: -10%
Last Year: -17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 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 43.87 63.16 71.60 71.39 71.98 70.93 67.67 60.76 55.04 55.72 47.42 44.04 41.33
7.01 7.06 14.71 19.74 14.31 17.48 14.70 14.47 18.24 22.95 26.96 45.12 59.87
29.14 20.26 15.36 23.69 18.30 17.40 26.88 15.82 16.34 15.74 15.91 13.44 19.31
Total Liabilities 85.31 95.77 106.96 120.11 109.88 111.10 114.54 96.34 94.91 99.70 95.58 107.89 125.80
17.58 18.93 17.62 21.97 23.62 26.08 23.65 21.25 19.34 26.44 29.02 31.62 34.56
CWIP 0.00 0.00 3.45 0.00 0.00 0.00 0.00 0.00 7.26 0.00 0.00 0.53 3.56
Investments 0.02 0.02 0.02 0.88 0.88 0.88 0.37 0.37 0.37 0.40 0.35 0.99 0.34
67.71 76.82 85.87 97.26 85.38 84.14 90.52 74.72 67.94 72.86 66.21 74.75 87.34
Total Assets 85.31 95.77 106.96 120.11 109.88 111.10 114.54 96.34 94.91 99.70 95.58 107.89 125.80

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12.29 12.90 -8.55 -16.18 10.41 10.31 0.65 -0.37 9.48 7.52 5.24 -14.77
-8.69 -2.33 -1.04 -4.45 -5.12 -6.99 -0.65 1.86 -7.64 -9.79 -5.74 2.18
1.92 -1.26 7.41 3.34 -5.27 1.22 -4.55 -1.50 -1.76 2.20 0.57 13.57
Net Cash Flow 5.52 9.31 -2.18 -17.29 0.01 4.54 -4.55 0.00 0.08 -0.07 0.08 0.99

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 49.49 57.59 69.80 104.50 106.29 130.75 102.67 187.10 146.77 157.20 11.74 6.89
Inventory Days 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 4,749.96
Days Payable 267.28 74.11 90.78 200.63 164.09 246.44 358.77 321.46 285.92 543.73 339.33 555.43
Cash Conversion Cycle 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 4,201.41
Working Capital Days 171.70 153.24 247.80 347.81 374.29 406.22 299.40 601.02 403.86 530.45 351.26 631.95
ROCE % 59.47% 41.62% 14.85% 0.65% 0.90% 1.50% -1.53% -6.53% -5.18% 3.15% -6.12% -6.57%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
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% 0.05% 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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.00%
32.09% 32.09% 32.09% 32.04% 32.08% 32.08% 32.08% 32.10% 32.09% 32.08% 32.03% 32.09%
No. of Shareholders 4,0374,2044,2484,2804,1584,8485,7175,7106,66910,25714,86214,909

* 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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