Benara Bearings & Pistons Ltd
Incorporated in 1990, Benara Bearings & Pistons Ltd manufactures & deals in Auto parts and Engine parts used in Diesel engine & all types of Automobile Engines[1]
- Market Cap ₹ 23.9 Cr.
- Current Price ₹ 13.5
- High / Low ₹ 19.4 / 9.50
- Stock P/E
- Book Value ₹ 11.7
- Dividend Yield 0.00 %
- ROCE -11.3 %
- ROE -31.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.16 times its book value
- Debtor days have improved from 159 to 107 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -28.5% over past five years.
- Company has a low return on equity of -31.8% 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
46.90 | 49.60 | 51.56 | 71.69 | 80.00 | 104.06 | 105.13 | 114.20 | 109.78 | 41.54 | 25.88 | 19.67 | 17.89 | |
43.10 | 45.82 | 46.48 | 65.95 | 74.98 | 93.48 | 95.05 | 105.77 | 102.52 | 52.81 | 38.70 | 28.60 | 24.09 | |
Operating Profit | 3.80 | 3.78 | 5.08 | 5.74 | 5.02 | 10.58 | 10.08 | 8.43 | 7.26 | -11.27 | -12.82 | -8.93 | -6.20 |
OPM % | 8.10% | 7.62% | 9.85% | 8.01% | 6.28% | 10.17% | 9.59% | 7.38% | 6.61% | -27.13% | -49.54% | -45.40% | -34.66% |
0.07 | 0.27 | 0.41 | 0.12 | 0.24 | 0.26 | 0.17 | 1.32 | 0.29 | 0.14 | 0.17 | 0.55 | 0.38 | |
Interest | 2.50 | 2.95 | 4.51 | 4.21 | 3.25 | 3.78 | 3.65 | 3.68 | 4.10 | 5.49 | 4.56 | 0.19 | 0.13 |
Depreciation | 0.68 | 0.77 | 0.95 | 0.96 | 0.85 | 0.72 | 1.06 | 1.24 | 2.32 | 3.03 | 2.10 | 1.67 | 0.97 |
Profit before tax | 0.69 | 0.33 | 0.03 | 0.69 | 1.16 | 6.34 | 5.54 | 4.83 | 1.13 | -19.65 | -19.31 | -10.24 | -6.92 |
Tax % | 31.88% | 33.33% | 33.33% | 33.33% | 35.34% | 28.39% | 35.74% | 14.08% | 34.51% | 26.01% | 27.60% | 18.07% | |
0.47 | 0.23 | 0.03 | 0.46 | 0.76 | 4.55 | 3.55 | 4.15 | 0.73 | -14.54 | -13.97 | -8.38 | -6.07 | |
EPS in Rs | 2.35 | 0.92 | 0.12 | 1.84 | 2.45 | 14.69 | 2.00 | 2.34 | 0.41 | -8.21 | -7.89 | -4.73 | -3.43 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 10.67% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -9% |
5 Years: | -28% |
3 Years: | -44% |
TTM: | -24% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 60% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -24% |
3 Years: | 8% |
1 Year: | 21% |
Return on Equity | |
---|---|
10 Years: | -7% |
5 Years: | -13% |
3 Years: | -32% |
Last Year: | -32% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 2.00 | 2.50 | 2.50 | 2.50 | 3.10 | 3.10 | 17.71 | 17.71 | 17.71 | 17.71 | 17.71 | 17.71 | 17.71 |
Reserves | 7.49 | 8.82 | 8.85 | 9.20 | 12.36 | 16.92 | 39.35 | 40.91 | 41.43 | 26.89 | 12.92 | 4.53 | 2.96 |
20.29 | 33.75 | 34.81 | 23.82 | 28.21 | 34.58 | 39.11 | 41.05 | 50.96 | 60.32 | 64.02 | 61.45 | 60.57 | |
6.86 | 6.88 | 8.14 | 8.32 | 7.85 | 6.59 | 17.49 | 15.45 | 19.33 | 29.54 | 6.95 | 6.31 | 7.39 | |
Total Liabilities | 36.64 | 51.95 | 54.30 | 43.84 | 51.52 | 61.19 | 113.66 | 115.12 | 129.43 | 134.46 | 101.60 | 90.00 | 88.63 |
3.76 | 4.53 | 4.68 | 4.12 | 6.91 | 6.56 | 9.75 | 18.17 | 21.36 | 18.62 | 15.74 | 14.17 | 12.17 | |
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 | 0.00 | 0.00 | 0.00 | 0.22 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 |
32.88 | 47.42 | 49.62 | 39.72 | 44.39 | 54.36 | 103.64 | 96.68 | 107.80 | 115.57 | 85.59 | 75.56 | 76.19 | |
Total Assets | 36.64 | 51.95 | 54.30 | 43.84 | 51.52 | 61.19 | 113.66 | 115.12 | 129.43 | 134.46 | 101.60 | 90.00 | 88.63 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 15.21 | 3.36 | -3.15 | 4.07 | -11.57 | -1.71 | -3.59 | -0.18 | 2.47 | |||
0.00 | -0.40 | -3.62 | -0.16 | -6.80 | -20.15 | -3.16 | -0.29 | 0.68 | 0.05 | |||
0.00 | -15.24 | 3.72 | 2.97 | 33.48 | -1.98 | 5.84 | 3.10 | -0.96 | -2.76 | |||
Net Cash Flow | 0.00 | -0.43 | 3.45 | -0.34 | 30.75 | -33.71 | 0.97 | -0.77 | -0.45 | -0.24 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 72.46 | 90.07 | 81.41 | 53.15 | 35.86 | 60.75 | 85.89 | 131.49 | 155.93 | 186.81 | 181.94 | 106.88 |
Inventory Days | 261.16 | 352.02 | 339.33 | 155.04 | 138.63 | 935.85 | 2,430.83 | 541.69 | 621.82 | 217.13 | 250.45 | 469.63 |
Days Payable | 41.20 | 55.67 | 58.43 | 27.17 | 22.80 | 52.82 | 889.64 | 184.54 | 249.73 | 74.71 | 36.64 | 51.35 |
Cash Conversion Cycle | 292.41 | 386.42 | 362.31 | 181.03 | 151.69 | 943.77 | 1,627.08 | 488.64 | 528.03 | 329.23 | 395.74 | 525.16 |
Working Capital Days | 180.40 | 291.41 | 287.70 | 151.52 | 143.49 | 152.05 | 160.26 | 204.90 | 228.55 | 298.31 | 352.87 | 406.75 |
ROCE % | 11.16% | 8.76% | 9.76% | 12.02% | 11.14% | 20.60% | 12.08% | 9.75% | 4.99% | -13.17% | -14.78% | -11.27% |
Documents
Announcements
- Financial Result For Period Ended 30Th Sep 2023 14 Nov
- Board Meeting Intimation for The Meeting Of The Board Of The Company Will Be Held On Tuesday, 14Th November, 2023 At 12:00 P.M. At The Registered Office Of The Company. 7 Nov
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Oct - Certificate received from Registrar and Share Transfer Agent of the company for the quarter ended on 30th September, 2023.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 4 Oct
- Closure of Trading Window 4 Oct
Business Overview:[1]
Company manufactures after-market automotive parts and has 2 units in Agra, UP manufacturing engine bearings & bushes for stationary marine engines, pistons, pins, piston rings, and engine bearings,s and bushes for applications.