Bhatia Communications & Retail (India) Ltd

Bhatia Communications & Retail (India) Ltd

₹ 20.8 -1.42%
28 Mar - close price
About

Incorporated in 2008, Bhatia Communications & Retail (India) Ltd is in the retail and wholesale distribution business of electronic items and home appliances[1]

Key Points

Business Overview:[1]
BCRL is a multi-brand consumer durables and electronic and electrical appliance retailer specializing in a wide range of products. It operates a network of multi-brand outlets under the brand name:
a) Bhatia Communication
b) Bhatia Mobile -The One Stop Shop
c) Only Mobile
d) Mobile Station
Company manages exclusive brand outlets for various brands. Currently, it has 180 stores (170 owned and 10 franchise)

  • Market Cap 260 Cr.
  • Current Price 20.8
  • High / Low 38.9 / 13.1
  • Stock P/E 22.9
  • Book Value 4.84
  • Dividend Yield 0.24 %
  • ROCE 20.1 %
  • ROE 16.8 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 13.1% over last 3 years.
  • Earnings include an other income of Rs.14.6 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
55.49 45.82 48.75 60.02 65.70 58.99 68.79 73.55 97.04 82.36 97.07 100.46 116.79
58.89 47.48 51.28 62.73 66.13 62.05 71.78 78.57 94.05 85.53 97.80 96.95 112.75
Operating Profit -3.40 -1.66 -2.53 -2.71 -0.43 -3.06 -2.99 -5.02 2.99 -3.17 -0.73 3.51 4.04
OPM % -6.13% -3.62% -5.19% -4.52% -0.65% -5.19% -4.35% -6.83% 3.08% -3.85% -0.75% 3.49% 3.46%
5.65 4.96 4.59 4.21 3.92 5.56 5.78 8.06 1.34 7.82 6.14 0.40 0.22
Interest 0.41 0.31 0.29 0.33 0.40 0.30 0.47 0.53 0.70 0.57 0.39 0.23 0.56
Depreciation 0.32 0.18 0.27 0.28 0.31 0.28 0.32 0.33 0.34 0.23 0.34 0.35 0.38
Profit before tax 1.52 2.81 1.50 0.89 2.78 1.92 2.00 2.18 3.29 3.85 4.68 3.33 3.32
Tax % 36.84% 27.05% 24.67% 24.72% 38.49% 7.29% 23.00% 24.77% 25.23% 25.45% 23.50% 25.83% 25.30%
0.96 2.06 1.12 0.67 1.71 1.78 1.54 1.63 2.46 2.86 3.57 2.47 2.49
EPS in Rs 0.08 0.16 0.09 0.05 0.14 0.14 0.12 0.13 0.20 0.23 0.29 0.20 0.20
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 TTM
71 99 104 90 124 155 165 168 173 233 313 397
73 103 109 95 132 160 172 177 182 242 330 393
Operating Profit -3 -4 -5 -5 -7 -5 -7 -9 -9 -9 -16 4
OPM % -4% -4% -5% -6% -6% -3% -4% -5% -5% -4% -5% 1%
3 5 7 6 9 12 16 19 17 18 31 15
Interest 0 0 0 0 1 1 1 1 1 1 2 2
Depreciation 0 0 0 0 1 1 1 1 1 1 1 1
Profit before tax 0 1 1 0 1 5 7 7 5 7 11 15
Tax % 35% 31% 35% 30% 32% 34% 30% 26% 29% 26% 25%
0 0 0 0 1 4 5 5 4 5 8 11
EPS in Rs 10.00 0.34 0.33 0.30 0.51 0.29 0.40 0.43 0.30 0.42 0.68 0.92
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 93% 17% 0% 74%
Compounded Sales Growth
10 Years: 16%
5 Years: 15%
3 Years: 23%
TTM: 33%
Compounded Profit Growth
10 Years: 43%
5 Years: 19%
3 Years: 16%
TTM: 54%
Stock Price CAGR
10 Years: %
5 Years: 19%
3 Years: 45%
1 Year: 27%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 13%
Last Year: 17%

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 Sep 2023
Equity Capital 0 1 1 1 1 6 13 13 13 13 13 13
Reserves 2 2 2 3 3 22 21 26 29 34 42 48
Preference Capital 0 0 0 0 0 0 0 0 0 0 0
2 4 3 2 4 2 6 11 11 15 19 25
7 11 12 13 17 16 13 15 17 21 21 23
Total Liabilities 11 17 18 18 25 46 52 65 69 82 95 109
2 2 3 3 5 6 7 7 7 8 8 8
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 15 0 0 0 18
8 15 16 15 20 40 45 43 62 75 87 82
Total Assets 11 17 18 18 25 46 52 65 69 82 95 109

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
2 -1 6 8 2 -1 8
-2 -6 -4 -20 -2 -2 -0
-1 20 -1 -0 -3 3 1
Net Cash Flow -0 13 2 -12 -3 0 9

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
Debtor Days 16 13 12 12 15 11 12 13 10 8 6
Inventory Days 20 31 34 37 38 38 37 49 62 65 52
Days Payable 29 39 43 53 50 33 23 25 20 20 11
Cash Conversion Cycle 7 5 4 -4 3 16 26 37 53 54 47
Working Capital Days 6 10 9 -1 5 17 30 41 57 59 51
ROCE % 19% 15% 16% 22% 33% 22% 20% 13% 15% 20%

Shareholding Pattern

Numbers in percentages

11 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.63% 73.63% 73.63% 73.63% 73.63% 73.65% 73.65% 73.65% 73.65% 73.65% 73.66% 73.66%
26.37% 26.37% 26.37% 26.37% 26.37% 26.35% 26.34% 26.34% 26.35% 26.36% 26.35% 26.35%
No. of Shareholders 3146277821,1508,5187,1698,73715,66716,91116,30318,05619,770

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