BMW Industries Ltd

  • Market Cap 657 Cr.
  • Current Price 29.2
  • High / Low 35.0 / 9.50
  • Stock P/E 51.8
  • Book Value 24.4
  • Dividend Yield 0.00 %
  • ROCE 8.88 %
  • ROE 4.53 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Stock is trading at 1.20 times its book value
  • Promoter holding has increased by 1.51% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.91% over past five years.
  • Company has a low return on equity of 7.50% for last 3 years.
  • Dividend payout has been low at 0.37% of profits over last 3 years

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
269.66 230.00 211.13 165.68 215.77 162.18 151.01 147.93 139.58 62.40 86.03 91.73
229.96 186.62 175.45 134.81 184.33 135.32 122.14 122.71 112.69 42.53 64.52 74.74
Operating Profit 39.70 43.38 35.68 30.87 31.44 26.86 28.87 25.22 26.89 19.87 21.51 16.99
OPM % 14.72% 18.86% 16.90% 18.63% 14.57% 16.56% 19.12% 17.05% 19.26% 31.84% 25.00% 18.52%
Other Income 4.26 11.30 2.22 1.37 9.58 1.73 2.29 3.43 6.94 2.15 0.97 2.86
Interest 12.19 22.41 11.18 8.95 13.73 9.23 10.28 10.65 15.00 8.46 7.08 6.84
Depreciation 11.24 11.64 11.77 11.56 11.26 11.14 11.19 11.24 11.91 11.37 11.47 12.07
Profit before tax 20.53 20.63 14.95 11.73 16.03 8.22 9.69 6.76 6.92 2.19 3.93 0.94
Tax % 12.03% 32.77% 33.18% 73.06% 12.79% 35.16% 36.84% 33.88% -16.04% 30.59% 28.24% 69.15%
Net Profit 18.06 13.87 9.98 3.15 13.97 5.34 6.13 4.47 8.03 1.52 2.83 0.30
EPS in Rs 0.80 0.62 0.44 0.14 0.62 0.24 0.27 0.20 0.36 0.07 0.13 0.01

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
661 672 777 945 823 601 380
547 555 653 794 681 493 294
Operating Profit 114 116 124 150 141 108 85
OPM % 17% 17% 16% 16% 17% 18% 22%
Other Income 2 2 6 16 24 14 13
Interest 50 46 44 47 56 45 37
Depreciation 29 32 43 48 46 45 47
Profit before tax 37 40 43 72 63 32 14
Tax % 13% 14% 22% 29% 35% 24%
Net Profit 32 34 34 51 41 24 13
EPS in Rs 14.34 15.29 1.51 2.27 1.82 1.06 0.57
Dividend Payout % 0% 0% 0% 0% 1% 0%
Compounded Sales Growth
10 Years:%
5 Years:-2%
3 Years:-8%
TTM:-44%
Compounded Profit Growth
10 Years:%
5 Years:-6%
3 Years:-11%
TTM:-58%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:194%
Return on Equity
10 Years:%
5 Years:8%
3 Years:8%
Last Year:5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
23 23 23 23 23 23 23
Reserves 370 404 403 458 499 522 527
Borrowings 593 565 471 428 372 296 257
78 78 123 153 150 113 161
Total Liabilities 1,063 1,070 1,019 1,061 1,043 954 967
547 555 540 513 480 456 433
CWIP 34 24 35 21 23 32 51
Investments 10 10 10 7 7 7 7
472 480 434 520 533 460 477
Total Assets 1,063 1,070 1,019 1,061 1,043 954 967

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
102 145 86 108 129
-30 -48 3 7 -9
-72 -97 -90 -113 -120
Net Cash Flow -0 0 -1 2 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 9% 9% 12% 13% 9%
Debtor Days 95 97 85 81 86 74
Inventory Turnover 2.64 2.90 3.25 2.44 1.80

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
70.08 70.08 70.08 70.08 70.08 70.08 71.63 73.14
0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.43
29.92 29.92 29.92 29.92 29.92 29.92 28.37 2.43

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