Bindal Exports Ltd

Bindal Exports Ltd

₹ 22.6 4.78%
10 Jun - close price
About

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 #}

Key Points

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

  • Market Cap 10.4 Cr.
  • Current Price 22.6
  • High / Low 22.6 / 16.1
  • Stock P/E 32.5
  • Book Value 21.6
  • Dividend Yield 0.00 %
  • ROCE 6.64 %
  • ROE 3.32 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.05 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 -1.28% over past five years.
  • Company has a low return on equity of 3.84% over last 3 years.

* 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

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Half Yearly Results

Figures in Rs. Crores

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
16.83 16.42 18.19 9.77 13.51 14.93 22.51 21.98 18.68 17.31 12.93
16.37 15.79 17.87 9.37 13.08 14.57 21.98 21.54 18.16 16.87 12.51
Operating Profit 0.46 0.63 0.32 0.40 0.43 0.36 0.53 0.44 0.52 0.44 0.42
OPM % 2.73% 3.84% 1.76% 4.09% 3.18% 2.41% 2.35% 2.00% 2.78% 2.54% 3.25%
0.00 0.00 0.07 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.17
Interest 0.40 0.43 0.39 0.34 0.19 0.20 0.25 0.21 0.25 0.26 0.33
Depreciation 0.03 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.02 0.02 0.04
Profit before tax 0.03 0.19 -0.01 0.05 0.24 0.15 0.26 0.22 0.25 0.16 0.22
Tax % 200.00% 36.84% 400.00% 20.00% 25.00% 20.00% 15.38% 22.73% 0.00% 25.00% 9.09%
-0.03 0.11 0.02 0.03 0.18 0.12 0.22 0.16 0.24 0.13 0.20
EPS in Rs -0.07 0.24 0.04 0.07 0.39 0.26 0.48 0.35 0.52 0.28 0.43
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
34.87 28.64 27.69 24.68 27.28 35.24 32.25 34.56 23.28 37.44 40.66 30.24
33.45 27.46 26.42 23.48 26.15 34.21 31.27 33.60 22.45 36.54 39.71 29.38
Operating Profit 1.42 1.18 1.27 1.20 1.13 1.03 0.98 0.96 0.83 0.90 0.95 0.86
OPM % 4.07% 4.12% 4.59% 4.86% 4.14% 2.92% 3.04% 2.78% 3.57% 2.40% 2.34% 2.84%
0.00 0.00 0.24 0.00 0.00 0.07 0.10 0.07 0.01 0.00 0.00 0.17
Interest 1.10 0.95 1.22 0.92 0.79 0.80 0.83 0.83 0.53 0.45 0.46 0.59
Depreciation 0.14 0.10 0.29 0.16 0.10 0.06 0.06 0.03 0.03 0.03 0.04 0.06
Profit before tax 0.18 0.13 0.00 0.12 0.24 0.24 0.19 0.17 0.28 0.42 0.45 0.38
Tax % 22.22% 53.85% 50.00% 41.67% 37.50% 52.63% -11.76% 25.00% 19.05% 8.89% 15.79%
0.13 0.07 0.01 0.05 0.14 0.14 0.09 0.19 0.21 0.34 0.42 0.32
EPS in Rs 0.66 0.35 0.05 0.25 0.30 0.30 0.20 0.41 0.46 0.74 0.91 0.70
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: 1%
5 Years: -1%
3 Years: 9%
TTM: -26%
Compounded Profit Growth
10 Years: 16%
5 Years: 29%
3 Years: 17%
TTM: -24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 51%
1 Year: -2%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 4%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 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 4.34 4.29 4.26 4.36 3.45 3.59 3.90 4.06 4.28 4.63 5.05 5.34
13.52 11.03 9.58 8.89 7.98 8.79 8.29 7.68 1.36 6.08 4.95 4.08
2.82 5.09 3.86 2.46 5.19 6.02 4.13 4.57 3.11 6.04 5.32 2.82
Total Liabilities 22.65 22.38 19.67 17.68 21.22 23.00 20.92 20.91 13.35 21.35 19.92 16.84
1.97 1.88 1.63 1.50 1.40 1.36 1.45 1.42 1.63 1.60 1.73 3.93
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 0.01 0.04 0.06 0.08 0.10 0.12 0.15 0.01 0.03 0.03 0.03 0.00
20.67 20.46 17.98 16.10 19.72 21.52 19.32 19.48 11.69 19.72 18.16 12.91
Total Assets 22.65 22.38 19.67 17.68 21.22 23.00 20.92 20.91 13.35 21.35 19.92 16.84

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.90 3.46 3.50 1.10 -0.28 0.07 1.08 1.35 7.63 -5.61 2.17 3.75
0.04 -0.03 -0.10 -0.05 -0.02 -0.03 -0.18 0.14 -0.24 0.56 -0.20 -2.20
0.47 -3.44 -3.21 -1.23 0.32 0.13 -1.09 -1.34 -6.80 4.31 -2.01 -1.57
Net Cash Flow -0.39 -0.02 0.19 -0.18 0.02 0.17 -0.19 0.15 0.59 -0.73 -0.04 -0.02

Ratios

Figures in Rs. Crores

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 81.75 138.15 118.50 71.43 142.90 160.75 160.03 124.52 103.48 128.49 110.15
Inventory Days 103.14 120.62 124.07 174.42 146.27 68.59 72.45 87.89 83.63 67.55 52.97
Days Payable 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 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 180.14 204.29 180.46 193.74 178.22 153.19 169.20 144.90 117.75 134.05 112.93
ROCE % 6.75% 5.82% 7.37% 6.70% 6.59% 6.24% 6.04% 5.61% 6.02% 6.81% 6.08%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
72.87% 72.87% 72.87% 72.87% 72.87% 72.87% 72.87% 72.87% 72.87% 72.87% 72.87% 72.87%
27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13%
No. of Shareholders 808380808381808282807876

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