BMW Industries Ltd

BMW Industries Ltd

₹ 58.8 -0.44%
13 Dec - close price
About

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]

Key Points

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]

  • Market Cap 1,324 Cr.
  • Current Price 58.8
  • High / Low 86.0 / 46.0
  • Stock P/E 18.8
  • Book Value 31.0
  • Dividend Yield 0.73 %
  • ROCE 13.2 %
  • ROE 10.1 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 70.5 to 37.6 days.
  • Company's working capital requirements have reduced from 164 days to 83.7 days

Cons

  • The company has delivered a poor sales growth of -6.31% over past five years.
  • Company has a low return on equity of 8.38% over last 3 years.
  • Dividend payout has been low at 8.25% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
103 114 117 136 150 142 135 158 159 144 137 174 150
76 88 95 109 117 101 107 121 120 112 98 131 115
Operating Profit 27 25 22 27 33 41 29 37 39 32 39 42 35
OPM % 26% 22% 19% 20% 22% 29% 21% 23% 24% 22% 28% 24% 23%
2 5 5 3 1 1 4 1 2 1 0 2 3
Interest 6 6 6 6 6 5 6 6 5 5 4 4 4
Depreciation 13 12 12 12 13 14 1 11 11 13 10 11 9
Profit before tax 11 12 9 11 16 23 25 21 25 16 25 29 25
Tax % 4% 28% 44% 24% 20% 24% 37% 27% 28% 26% 24% 25% 29%
10 8 5 9 12 17 16 16 18 12 19 22 18
EPS in Rs 0.46 0.36 0.23 0.38 0.55 0.77 0.72 0.69 0.79 0.51 0.85 0.99 0.79
Raw PDF

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 Mar 2024 TTM
674 779 948 829 615 398 447 562 598 605
557 655 797 688 505 302 342 433 452 457
Operating Profit 117 124 151 141 110 95 105 130 146 148
OPM % 17% 16% 16% 17% 18% 24% 24% 23% 24% 25%
2 7 16 27 15 -228 13 9 4 6
Interest 47 44 47 56 46 29 23 24 20 16
Depreciation 33 44 48 47 47 53 49 40 45 43
Profit before tax 39 43 72 65 32 -215 46 75 86 95
Tax % 14% 22% 29% 35% 31% -18% 24% 27% 26%
33 34 51 42 22 -175 35 54 64 71
EPS in Rs 15.03 1.50 2.28 1.85 0.97 -7.80 1.53 2.42 2.83 3.14
Dividend Payout % 0% 0% 0% 1% 0% 0% 1% 8% 15%
Compounded Sales Growth
10 Years: %
5 Years: -6%
3 Years: 15%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 1%
TTM: 6%
Stock Price CAGR
10 Years: %
5 Years: 29%
3 Years: 12%
1 Year: 5%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 8%
Last Year: 10%

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 Mar 2024 Sep 2024
Equity Capital 23 23 23 23 23 23 23 23 23 23
Reserves 536 534 594 635 672 497 531 580 639 674
569 473 428 372 306 279 256 238 106 188
81 127 154 161 131 97 91 116 109 126
Total Liabilities 1,208 1,157 1,199 1,190 1,131 895 900 956 875 1,010
564 547 516 483 522 450 432 464 502 506
CWIP 24 35 21 23 32 37 35 24 92 131
Investments 87 85 79 77 70 22 15 0 0 32
533 489 583 608 506 386 418 467 281 341
Total Assets 1,208 1,157 1,199 1,190 1,131 895 900 956 875 1,010

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 Mar 2024
103 146 92 109 128 123 64 126 268
-30 -47 -1 9 -6 -66 -20 -57 -112
-74 -99 -92 -114 -122 -62 -44 -62 -157
Net Cash Flow -1 1 -1 4 0 -4 0 7 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 106 86 83 93 82 94 90 84 38
Inventory Days 153 134 136 160 246 274 321 226 134
Days Payable 27 20 39 31 30 99 36 41 35
Cash Conversion Cycle 232 200 180 223 298 270 375 268 136
Working Capital Days 224 168 159 189 211 208 224 185 84
ROCE % 8% 11% 12% 8% 6% 8% 12% 13%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.96% 73.96% 73.96% 73.95% 73.95% 73.99% 73.99% 73.99% 73.99% 73.99% 73.99% 74.28%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.04% 0.00% 0.00%
24.35% 24.06% 24.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1.69% 1.98% 2.01% 26.03% 26.03% 25.99% 26.00% 26.00% 25.98% 25.96% 26.01% 25.72%
No. of Shareholders 4,5816,4907,1437,7957,7438,0909,01012,57122,13733,64540,76150,060

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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