Bindal Exports Ltd
Incorporated in 1987, Bindal Exports
Ltd is engaged in the trading of Fabrics and manufacturing of Garments# https://www.bseindia.com/bseplus/AnnualReport/540148/76755540148.pdf#page=19 #}
- Market Cap ₹ 7.74 Cr.
- Current Price ₹ 16.8
- High / Low ₹ 23.0 / 16.8
- Stock P/E 18.4
- Book Value ₹ 21.0
- Dividend Yield 0.00 %
- ROCE 6.08 %
- ROE 4.45 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.80 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.90% over past five years.
- Company has a low return on equity of 3.52% over last 3 years.
- Contingent liabilities of Rs.2.81 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: Textiles Industry: Textiles - Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
37.38 | 34.87 | 28.64 | 27.69 | 24.68 | 27.28 | 35.24 | 32.25 | 34.56 | 23.28 | 37.44 | 40.66 | |
35.93 | 33.45 | 27.46 | 26.42 | 23.48 | 26.15 | 34.21 | 31.27 | 33.60 | 22.45 | 36.54 | 39.71 | |
Operating Profit | 1.45 | 1.42 | 1.18 | 1.27 | 1.20 | 1.13 | 1.03 | 0.98 | 0.96 | 0.83 | 0.90 | 0.95 |
OPM % | 3.88% | 4.07% | 4.12% | 4.59% | 4.86% | 4.14% | 2.92% | 3.04% | 2.78% | 3.57% | 2.40% | 2.34% |
0.00 | 0.00 | 0.00 | 0.24 | 0.00 | 0.00 | 0.07 | 0.10 | 0.07 | 0.01 | 0.00 | 0.00 | |
Interest | 1.03 | 1.10 | 0.95 | 1.22 | 0.92 | 0.79 | 0.80 | 0.83 | 0.83 | 0.53 | 0.45 | 0.46 |
Depreciation | 0.16 | 0.14 | 0.10 | 0.29 | 0.16 | 0.10 | 0.06 | 0.06 | 0.03 | 0.03 | 0.03 | 0.04 |
Profit before tax | 0.26 | 0.18 | 0.13 | 0.00 | 0.12 | 0.24 | 0.24 | 0.19 | 0.17 | 0.28 | 0.42 | 0.45 |
Tax % | 69.23% | 22.22% | 53.85% | 50.00% | 41.67% | 37.50% | 52.63% | -11.76% | 25.00% | 19.05% | 8.89% | |
0.08 | 0.13 | 0.07 | 0.01 | 0.05 | 0.14 | 0.14 | 0.09 | 0.19 | 0.21 | 0.34 | 0.42 | |
EPS in Rs | 0.41 | 0.66 | 0.35 | 0.05 | 0.25 | 0.30 | 0.30 | 0.20 | 0.41 | 0.46 | 0.74 | 0.91 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 3% |
3 Years: | 6% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 26% |
3 Years: | 44% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | % |
1 Year: | -15% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 3% |
3 Years: | 4% |
Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.97 | 1.97 | 1.97 | 1.97 | 1.97 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | |
Reserves | 4.14 | 4.34 | 4.29 | 4.26 | 4.36 | 3.45 | 3.59 | 3.90 | 4.06 | 4.28 | 4.63 | 5.05 |
12.01 | 13.52 | 11.03 | 9.58 | 8.89 | 7.98 | 8.79 | 8.29 | 7.68 | 1.36 | 6.08 | 4.95 | |
5.26 | 2.82 | 5.09 | 3.86 | 2.46 | 5.19 | 6.02 | 4.13 | 4.57 | 3.11 | 6.04 | 5.32 | |
Total Liabilities | 23.38 | 22.65 | 22.38 | 19.67 | 17.68 | 21.22 | 23.00 | 20.92 | 20.91 | 13.35 | 21.35 | 19.92 |
2.17 | 1.97 | 1.88 | 1.63 | 1.50 | 1.40 | 1.36 | 1.45 | 1.42 | 1.63 | 1.60 | 1.73 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.01 | 0.04 | 0.06 | 0.08 | 0.10 | 0.12 | 0.15 | 0.01 | 0.03 | 0.03 | 0.03 |
21.21 | 20.67 | 20.46 | 17.98 | 16.10 | 19.72 | 21.52 | 19.32 | 19.48 | 11.69 | 19.72 | 18.16 | |
Total Assets | 23.38 | 22.65 | 22.38 | 19.67 | 17.68 | 21.22 | 23.00 | 20.92 | 20.91 | 13.35 | 21.35 | 19.92 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3.38 | -0.90 | 3.46 | 3.50 | 1.10 | -0.28 | 0.07 | 1.08 | 1.35 | 7.63 | -5.61 | 2.17 | |
-0.17 | 0.04 | -0.03 | -0.10 | -0.05 | -0.02 | -0.03 | -0.18 | 0.14 | -0.24 | 0.56 | -0.20 | |
-3.00 | 0.47 | -3.44 | -3.21 | -1.23 | 0.32 | 0.13 | -1.09 | -1.34 | -6.80 | 4.31 | -2.01 | |
Net Cash Flow | 0.22 | -0.39 | -0.02 | 0.19 | -0.18 | 0.02 | 0.17 | -0.19 | 0.15 | 0.59 | -0.73 | -0.04 |
Ratios
Figures in Rs. Crores
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 | 90.22 | 81.75 | 138.15 | 118.50 | 71.43 | 142.90 | 160.75 | 160.03 | 124.52 | 103.48 | 128.49 | 110.15 |
Inventory Days | 108.16 | 103.14 | 120.62 | 124.07 | 174.42 | 146.27 | 68.59 | 72.45 | 87.89 | 83.63 | 67.55 | 52.97 |
Days Payable | 52.59 | 24.12 | 71.60 | 58.98 | 41.21 | 87.61 | 78.31 | 61.84 | 62.29 | 65.20 | 60.28 | 56.29 |
Cash Conversion Cycle | 145.80 | 160.77 | 187.17 | 183.59 | 204.65 | 201.56 | 151.03 | 170.64 | 150.12 | 121.91 | 135.77 | 106.83 |
Working Capital Days | 156.14 | 180.14 | 204.29 | 180.46 | 193.74 | 178.22 | 153.19 | 169.20 | 144.90 | 117.75 | 134.05 | 112.93 |
ROCE % | 6.72% | 6.75% | 5.82% | 7.37% | 6.70% | 6.59% | 6.24% | 6.04% | 5.61% | 6.02% | 6.81% | 6.08% |
Documents
Announcements
- Reg. 34 (1) Annual Report. 1d
- Reg. 34 (1) Annual Report. 2d
- Reg. 34 (1) Annual Report. 8 Sep
- Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. 08Th September, 2023 8 Sep
- Board Meeting Intimation for INTIMATION FOR BOARD MEETING UNDER REGULATION 29 OF SEBI (LODR) REGULATIONS, 2015. 28 Aug
Business Overview:[1]
Company is involved in supplying fabrics,
trading grey cloth and finished fabrics,
exports of fabrics and finished garments,
and manufacturing garments for its own
brand FASHFUN. Products are mainly
used by garment houses for manufacturing garments in the apparel industry and are
sold on various marketplaces like Amazon,
Flipkart, Myntra, Ajio, Meesho, Jiomart, etc