Benara Bearings & Pistons Ltd

Benara Bearings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Benara Bearings & Pistons Ltd

₹ 13.5 -2.74%
06 Dec - close price
benara-phb.com BSE: 541178
About

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]

Key Points

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.

Website BSE
  • 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
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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.

Peer comparison

Sector: Bearings Industry: Bearings

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
56.35 60.50 49.29 24.80 16.79 13.24 12.69 10.82 8.85 9.04
50.29 55.74 47.64 30.20 22.67 13.96 24.80 14.95 13.64 10.45
Operating Profit 6.06 4.76 1.65 -5.40 -5.88 -0.72 -12.11 -4.13 -4.79 -1.41
OPM % 10.75% 7.87% 3.35% -21.77% -35.02% -5.44% -95.43% -38.17% -54.12% -15.60%
-0.76 0.87 0.27 0.02 0.12 0.13 0.04 0.34 0.21 0.17
Interest 2.14 2.27 1.83 2.48 3.01 2.54 2.01 0.07 0.12 0.01
Depreciation 0.82 0.86 1.47 1.53 1.49 1.17 0.93 1.39 0.28 0.69
Profit before tax 2.34 2.50 -1.38 -9.39 -10.26 -4.30 -15.01 -5.25 -4.98 -1.94
Tax % -11.54% 27.60% 21.01% 0.00% 49.81% 34.19% 25.78% 26.10% 9.84% 18.56%
2.60 1.81 -1.09 -9.39 -5.15 -2.83 -11.14 -3.89 -4.49 -1.58
EPS in Rs 1.47 1.02 -0.62 -5.30 -2.91 -1.60 -6.29 -2.20 -2.54 -0.89
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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%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
69.91% 69.91% 69.91% 69.91% 69.91% 69.91% 69.91% 69.92% 69.92% 69.92% 69.92% 69.92%
30.09% 30.09% 30.09% 30.09% 30.09% 30.09% 30.09% 30.08% 30.09% 30.08% 30.08% 30.09%
No. of Shareholders 407435436436448456451452473469469498

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