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 ₹ 28.8 Cr.
- Current Price ₹ 16.2
- High / Low ₹ 19.4 / 9.50
- Stock P/E
- Book Value ₹ 12.2
- Dividend Yield 0.00 %
- ROCE -11.8 %
- ROE -33.0 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -33.0% over past five years.
- Company has a low return on equity of -32.8% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 193 days.
* 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: Auto Ancillaries Industry: Bearings
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| 80.00 | 122.32 | 145.41 | 115.22 | 110.64 | 41.54 | 25.86 | 19.67 | |
| 74.97 | 112.37 | 133.44 | 106.84 | 104.58 | 53.02 | 38.81 | 28.67 | |
| Operating Profit | 5.03 | 9.95 | 11.97 | 8.38 | 6.06 | -11.48 | -12.95 | -9.00 |
| OPM % | 6.29% | 8.13% | 8.23% | 7.27% | 5.48% | -27.64% | -50.08% | -45.75% |
| 0.23 | 0.26 | 0.17 | 1.32 | 1.36 | 0.14 | 0.17 | 0.55 | |
| Interest | 3.25 | 3.86 | 3.65 | 3.68 | 4.92 | 5.49 | 4.57 | 0.22 |
| Depreciation | 0.85 | 0.73 | 1.07 | 1.61 | 1.61 | 3.45 | 2.36 | 2.07 |
| Profit before tax | 1.16 | 5.62 | 7.42 | 4.41 | 0.89 | -20.28 | -19.71 | -10.74 |
| Tax % | 35.34% | 32.56% | 30.32% | 14.51% | 43.82% | 26.58% | 27.14% | 20.67% |
| 0.76 | 3.80 | 5.17 | 3.78 | 0.51 | -14.89 | -14.35 | -8.52 | |
| EPS in Rs | 2.45 | 13.62 | 2.92 | 2.13 | 0.29 | -8.41 | -8.10 | -4.81 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 11.71% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -33% |
| 3 Years: | -44% |
| TTM: | -24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -21% |
| 3 Years: | 24% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -14% |
| 3 Years: | -33% |
| Last Year: | -33% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| 3.10 | 3.10 | 17.71 | 17.71 | 17.71 | 17.71 | 17.71 | 17.71 | |
| Reserves | 12.35 | 16.57 | 40.20 | 41.39 | 41.64 | 26.75 | 12.40 | 3.88 |
| 28.21 | 35.40 | 39.93 | 41.80 | 51.71 | 61.07 | 64.76 | 62.19 | |
| 7.88 | 9.31 | 37.76 | 17.87 | 19.64 | 29.88 | 7.30 | 6.65 | |
| Total Liabilities | 51.54 | 64.38 | 135.60 | 118.77 | 130.70 | 135.41 | 102.17 | 90.43 |
| 6.91 | 6.60 | 9.78 | 19.63 | 22.45 | 19.29 | 16.15 | 14.17 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.20 | 0.25 | 0.30 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 |
| 44.43 | 57.53 | 125.52 | 98.82 | 107.93 | 115.80 | 85.70 | 75.94 | |
| Total Assets | 51.54 | 64.38 | 135.60 | 118.77 | 130.70 | 135.41 | 102.17 | 90.43 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| 3.39 | -3.82 | 2.08 | -11.61 | -0.31 | -3.68 | -0.29 | 2.49 | |
| -3.61 | -0.20 | -4.64 | -19.87 | -3.74 | -0.18 | 0.80 | 0.08 | |
| 3.72 | 3.71 | 33.45 | -2.38 | 5.03 | 3.10 | -0.98 | -2.77 | |
| Net Cash Flow | 3.49 | -0.32 | 30.89 | -33.86 | 0.98 | -0.75 | -0.47 | -0.21 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 35.86 | 57.65 | 125.11 | 151.84 | 170.03 | 227.58 | 247.29 | 192.98 |
| Inventory Days | 138.63 | 1,087.39 | 559.03 | 620.53 | 219.66 | 253.88 | 475.87 | |
| Days Payable | 22.96 | 175.08 | 223.86 | 250.90 | 76.56 | 39.41 | 55.91 | |
| Cash Conversion Cycle | 151.53 | 969.96 | 125.11 | 487.01 | 539.66 | 370.68 | 461.75 | 612.94 |
| Working Capital Days | 143.31 | 129.27 | 128.97 | 219.75 | 243.33 | 341.28 | 421.74 | 495.82 |
| ROCE % | 19.29% | 14.52% | 9.19% | 6.46% | -13.66% | -15.11% | -11.78% |
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.