BMW Industries Ltd
BMW Industries Ltd is primarily engaged in manufacturing, processing and selling of steel products consisting of engineering and other products and services related to the same. [1]
- Market Cap ₹ 1,437 Cr.
- Current Price ₹ 63.8
- High / Low ₹ 86.0 / 27.6
- Stock P/E 24.3
- Book Value ₹ 28.2
- Dividend Yield 0.34 %
- ROCE 12.8 %
- ROE 9.71 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Debtor days have improved from 94.0 to 73.9 days.
- Company's working capital requirements have reduced from 207 days to 118 days
Cons
- The company has delivered a poor sales growth of -8.23% over past five years.
- Company has a low return on equity of 7.86% over last 3 years.
- Dividend payout has been low at 6.52% of profits 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: Steel Industry: Steel - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 661 | 672 | 777 | 945 | 823 | 601 | 357 | 406 | 508 | 535 | |
| 547 | 555 | 653 | 794 | 681 | 493 | 266 | 307 | 398 | 402 | |
| Operating Profit | 114 | 116 | 124 | 150 | 141 | 108 | 91 | 99 | 110 | 134 |
| OPM % | 17% | 17% | 16% | 16% | 17% | 18% | 26% | 24% | 22% | 25% |
| 2 | 2 | 6 | 15 | 24 | 14 | -172 | 13 | 9 | 4 | |
| Interest | 50 | 46 | 44 | 47 | 56 | 45 | 29 | 23 | 24 | 20 |
| Depreciation | 29 | 32 | 43 | 48 | 46 | 45 | 47 | 43 | 33 | 38 |
| Profit before tax | 37 | 40 | 43 | 72 | 63 | 32 | -156 | 45 | 61 | 80 |
| Tax % | 13% | 14% | 22% | 29% | 35% | 24% | 25% | 27% | 28% | 26% |
| 32 | 34 | 34 | 51 | 41 | 24 | -118 | 33 | 44 | 59 | |
| EPS in Rs | 14.34 | 15.29 | 1.51 | 2.27 | 1.82 | 1.06 | -5.23 | 1.46 | 1.96 | 2.62 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 1% | 0% | 0% | 1% | 10% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -8% |
| 3 Years: | 14% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -2% |
| TTM: | 43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 30% |
| 1 Year: | 112% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 370 | 404 | 403 | 458 | 499 | 522 | 405 | 519 | 559 | 613 |
| 593 | 565 | 471 | 428 | 372 | 297 | 270 | 254 | 235 | 103 | |
| 78 | 78 | 123 | 153 | 150 | 113 | 79 | 89 | 109 | 111 | |
| Total Liabilities | 1,063 | 1,070 | 1,019 | 1,061 | 1,043 | 954 | 776 | 885 | 926 | 850 |
| 547 | 555 | 540 | 513 | 480 | 456 | 390 | 378 | 416 | 461 | |
| CWIP | 34 | 24 | 35 | 21 | 23 | 32 | 37 | 35 | 24 | 73 |
| Investments | 10 | 10 | 10 | 7 | 7 | 7 | 7 | 26 | 12 | 12 |
| 472 | 480 | 434 | 520 | 533 | 460 | 342 | 445 | 473 | 304 | |
| Total Assets | 1,063 | 1,070 | 1,019 | 1,061 | 1,043 | 954 | 776 | 885 | 926 | 850 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 102 | 145 | 86 | 108 | 129 | 127 | 52 | 103 | 244 | ||
| -30 | -48 | 3 | 7 | -9 | -60 | -14 | -51 | -93 | ||
| -72 | -97 | -90 | -113 | -120 | -70 | -39 | -45 | -157 | ||
| Net Cash Flow | -0 | 0 | -1 | 2 | -0 | -2 | -0 | 7 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 95 | 97 | 85 | 81 | 86 | 74 | 78 | 107 | 101 | 74 |
| Inventory Days | 137 | 152 | 134 | 136 | 161 | 242 | 268 | 318 | 220 | 132 |
| Days Payable | 25 | 27 | 18 | 38 | 24 | 9 | 61 | 27 | 30 | 39 |
| Cash Conversion Cycle | 208 | 222 | 201 | 179 | 224 | 307 | 285 | 398 | 292 | 167 |
| Working Capital Days | 193 | 198 | 145 | 137 | 163 | 204 | 223 | 280 | 224 | 118 |
| ROCE % | 9% | 9% | 12% | 13% | 9% | 7% | 9% | 10% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - We have published the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2024 in the following …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - In continuation to our letter dated May 09, 2024 and pursuant to Regulation 30(6) and 46 (2) of the SEBI (LODR) Regulations, 2015, the audio …
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Announcement under Regulation 30 (LODR)-Meeting Updates
2d - IN THE MEETING OF THE Board HELD ON WEDNESDAY MAY 15, 2024, THE BOARD HAS CONSIDERED AND APPROVED THE POINTS AS MENTIONED IN THE ATTACHED …
-
Announcement under Regulation 30 (LODR)-Change in Management
2d - Reappointment of Monica Chand, Women Independent Director of the Company for a further period of 5 years from July 01, 2024, subject to the approvals …
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Announcement under Regulation 30 (LODR)-Investor Presentation
15 May - STRATEGY PRESENTATION FOR THE YEAR ENDED MARCH 31, 2024
Overview
BMW Industry Limited (BMWIL), incorporated in 1981, is one of the largest steel processing company in India, having manufacturing units at multiple location. It is engaged in Manufacturing & Processing of HRPO Coils, CR Coils, GP Coils, GC Sheets, MS and GI pipes, TMT rebars, etc. for marquee steel players in India. It is into processing of Long and Flat Products and operates one of the largest independent cold rolling and galvanizing facility, in the country.[1]