Bhanderi Infracon Ltd

Bhanderi Infracon Ltd

₹ 91.8 -4.97%
12 Jul - close price
About

Bhanderi Infracon .is engaged in the business of real estate/ real estate development and incidental services.

Key Points

About[1]
Bhanderi Infracon Limited, a Real Estate Development Company, was incorporated in 2004. It was promoted by Mr. Dhirubhai Patel and Mr. Sunil Patel who are established real estate developers. Company is engaged in the business of development of infrastructure and commercial projects. Company has taken work contracts of Residential and Commercial Scheme called “Siddheshwar Hill Square”, “Siddheshwar Happiness” and “Dharnidhar Homes”.[2]

  • Market Cap 23.8 Cr.
  • Current Price 91.8
  • High / Low 134 / 91.8
  • Stock P/E 39.1
  • Book Value 96.6
  • Dividend Yield 0.00 %
  • ROCE 2.04 %
  • ROE 2.49 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.95 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -11.6% over past five years.
  • Company has a low return on equity of 2.07% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.0.38 Cr.
  • Company has high debtors of 668 days.
  • Working capital days have increased from 2,898 days to 4,208 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: Realty Industry: Construction

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Mar 2024
4.70 2.13 4.03 2.18 2.78 0.66 5.78 0.65 5.63 3.05
4.37 2.15 3.75 3.43 1.17 0.72 5.54 1.17 5.54 2.81
Operating Profit 0.33 -0.02 0.28 -1.25 1.61 -0.06 0.24 -0.52 0.09 0.24
OPM % 7.02% -0.94% 6.95% -57.34% 57.91% -9.09% 4.15% -80.00% 1.60% 7.87%
0.00 0.07 0.03 0.03 0.04 0.02 0.24 0.25 1.10 0.08
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.01 0.00 0.01 0.00 0.05 0.05 0.01 0.07
Profit before tax 0.33 0.05 0.30 -1.22 1.64 -0.04 0.43 -0.32 1.18 0.25
Tax % 24.24% 20.00% 30.00% 3.28% 4.88% 0.00% 13.95% 9.38% 11.02% 76.00%
0.24 0.03 0.21 -1.26 1.56 -0.04 0.38 -0.35 1.04 0.06
EPS in Rs 0.96 0.12 0.73 -3.54 4.58 -0.15 1.35 -1.39 3.54 0.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
16.88 15.44 7.68 6.17 4.84 6.44 6.28 4.15
16.11 14.41 7.18 5.92 4.60 6.25 6.71 3.42
Operating Profit 0.77 1.03 0.50 0.25 0.24 0.19 -0.43 0.73
OPM % 4.56% 6.67% 6.51% 4.05% 4.96% 2.95% -6.85% 17.59%
0.00 0.07 0.04 0.10 0.19 0.26 1.35 0.38
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.01 0.01 0.01 0.02 0.05 0.07 0.09
Profit before tax 0.76 1.09 0.53 0.34 0.41 0.40 0.85 1.02
Tax % 28.95% 23.85% 22.64% 32.35% 26.83% 12.50% 17.65% 18.63%
0.53 0.82 0.41 0.23 0.30 0.35 0.70 0.82
EPS in Rs 2.61 3.12 1.62 0.85 1.04 1.23 2.20 2.35
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -12%
3 Years: -5%
TTM: -34%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: 31%
TTM: 7%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 2%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2.03 2.60 2.60 2.60 2.60 2.60 2.60 2.60
Reserves 11.33 20.07 20.49 20.71 20.98 21.30 21.86 22.49
8.84 16.31 8.30 8.26 9.24 10.30 22.30 20.61
6.05 8.63 7.36 8.89 7.33 8.32 12.56 16.02
Total Liabilities 28.25 47.61 38.75 40.46 40.15 42.52 59.32 61.72
0.01 0.02 0.02 0.01 0.03 0.31 0.27 0.42
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 3.33 12.82 3.02 3.01 3.01 3.72 0.66 0.18
24.91 34.77 35.71 37.44 37.11 38.49 58.39 61.12
Total Assets 28.25 47.61 38.75 40.46 40.15 42.52 59.32 61.72

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.28 -3.93 0.04 0.72 -0.18 -0.39 3.34 4.75
-2.10 -8.73 9.06 -0.05 -0.03 -0.96 -0.06 0.42
2.28 12.36 -8.29 -0.68 1.20 -0.48 -2.31 -5.37
Net Cash Flow 0.46 -0.30 0.81 0.00 0.99 -1.83 0.97 -0.21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 68.33 114.42 238.11 375.65 426.08 492.52 441.72
Inventory Days 27,833.86 3,516.22 4,408.08
Days Payable 4,818.00 580.22 119.97
Cash Conversion Cycle 68.33 114.42 238.11 375.65 23,441.94 3,428.52 4,729.83
Working Capital Days 448.47 630.71 1,299.36 1,630.37 2,098.00 1,703.71 2,781.09
ROCE % 3.51% 1.49% 1.08% 1.27% 1.19% 2.01%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
56.98% 56.98% 56.98% 56.98% 56.98% 56.98% 56.98% 56.98% 56.98% 56.98% 56.98% 56.98%
43.02% 43.02% 43.02% 43.02% 43.02% 43.02% 43.02% 43.02% 43.02% 43.02% 43.02% 43.02%
No. of Shareholders 434343434343434348484649

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