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 ₹ 9.64 Cr.
- Current Price ₹ 21.0
- High / Low ₹ 23.0 / 16.1
- Stock P/E 26.0
- Book Value ₹ 21.2
- Dividend Yield 0.00 %
- ROCE 6.08 %
- ROE 4.45 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.99 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.
- Company might be capitalizing the interest cost
* 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
37.38 | 34.87 | 28.64 | 27.69 | 24.68 | 27.28 | 35.24 | 32.25 | 34.56 | 23.28 | 37.44 | 40.66 | 35.99 | |
35.93 | 33.45 | 27.46 | 26.42 | 23.48 | 26.15 | 34.21 | 31.27 | 33.60 | 22.45 | 36.54 | 39.71 | 35.03 | |
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 | 0.96 |
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% | 2.67% |
0.00 | 0.00 | 0.00 | 0.24 | 0.00 | 0.00 | 0.07 | 0.10 | 0.07 | 0.01 | 0.00 | 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 | 0.51 |
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 | 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 | 0.41 |
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 | 0.37 | |
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 | 0.80 |
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: | -19% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 26% |
3 Years: | 44% |
TTM: | -3% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 74% |
1 Year: | -8% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1.97 | 1.97 | 1.97 | 1.97 | 1.97 | 4.60 | 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 | 5.14 |
12.01 | 13.52 | 11.03 | 9.58 | 8.89 | 7.98 | 8.79 | 8.29 | 7.68 | 1.36 | 6.08 | 4.95 | 6.11 | |
5.26 | 2.82 | 5.09 | 3.86 | 2.46 | 5.19 | 6.02 | 4.13 | 4.57 | 3.11 | 6.04 | 5.32 | 7.38 | |
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 | 23.23 |
2.17 | 1.97 | 1.88 | 1.63 | 1.50 | 1.40 | 1.36 | 1.45 | 1.42 | 1.63 | 1.60 | 1.73 | 2.04 | |
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 | 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 | 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 | 21.16 | |
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 | 23.23 |
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
- Compliance Certificate Under Regulation 40(9) For The Year Ended On 31St March, 2024 18 Apr
-
Compliances- Compliance Certificate For The Period Ended On 31 March, 2024
11 Apr - Certificate under Reg 7(3) of SEBI LODR Regulation, 2015
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate under Reg. 74 for the quarter ended on 31/03/2024. Kindly take the same on your record.
- Closure of Trading Window 3 Apr
-
Announcement under Regulation 30 (LODR)-Change in Management
10 Feb - The board has approved the appointment of Additional Independent Director and change in Designation of Mr. Anupam Ravindra Arya as Whole Time Director. Thanking You.
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