BMW Industries Ltd

BMW Industries Ltd

₹ 67.8 -2.46%
21 Feb 2:19 p.m.
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 1,525 Cr.
  • Current Price 67.8
  • High / Low 86.0 / 25.6
  • Stock P/E 25.1
  • Book Value 28.2
  • Dividend Yield 0.32 %
  • ROCE 11.5 %
  • ROE 8.91 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of -9.92% over past five years.
  • Company has a low return on equity of 8.38% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
109 124 114 103 114 117 136 150 142 135 158 159 144
88 93 82 76 88 95 109 117 101 107 121 120 112
Operating Profit 20 31 31 27 25 22 27 33 41 29 37 39 32
OPM % 19% 25% 28% 26% 22% 19% 20% 22% 29% 21% 23% 24% 22%
3 -235 1 2 5 5 3 1 1 4 1 2 1
Interest 7 7 6 6 6 6 6 6 5 6 6 5 5
Depreciation 14 13 13 13 12 12 12 13 14 1 11 11 13
Profit before tax 3 -224 14 11 12 9 11 16 23 25 21 25 16
Tax % 33% 19% 23% 4% 28% 44% 24% 20% 24% 37% 27% 28% 26%
2 -181 11 10 8 5 9 12 17 16 16 18 12
EPS in Rs 0.09 -8.05 0.49 0.46 0.36 0.23 0.38 0.55 0.77 0.72 0.69 0.79 0.51
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 TTM
674 779 948 829 615 398 447 562 596
557 655 797 688 505 302 342 433 460
Operating Profit 117 124 151 141 110 95 105 130 136
OPM % 17% 16% 16% 17% 18% 24% 24% 23% 23%
2 7 16 27 15 -228 13 9 8
Interest 47 44 47 56 46 29 23 24 22
Depreciation 33 44 48 47 47 53 49 40 35
Profit before tax 39 43 72 65 32 -215 46 75 87
Tax % 14% 22% 29% 35% 31% 18% 24% 27%
33 34 51 42 22 -175 35 54 61
EPS in Rs 15.03 1.50 2.28 1.85 0.97 -7.80 1.53 2.42 2.71
Dividend Payout % -0% -0% -0% 1% -0% -0% 1% 8%
Compounded Sales Growth
10 Years: %
5 Years: -10%
3 Years: -3%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 2%
3 Years: 32%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 43%
1 Year: 113%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 8%
Last Year: 9%

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 Sep 2023
Equity Capital 23 23 23 23 23 23 23 23 23
Reserves 536 534 594 635 672 497 531 580 613
569 473 428 372 306 279 256 238 183
81 127 154 161 131 97 91 116 115
Total Liabilities 1,208 1,157 1,199 1,190 1,131 895 900 956 934
564 547 516 483 522 450 432 464 487
CWIP 24 35 21 23 32 37 35 24 39
Investments 87 85 79 77 70 22 15 -0 -0
533 489 583 608 506 386 418 467 408
Total Assets 1,208 1,157 1,199 1,190 1,131 895 900 956 934

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

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 106 86 83 93 82 94 90 84
Inventory Days 153 134 136 160 246 274 321 226
Days Payable 27 20 39 31 30 99 36 41
Cash Conversion Cycle 232 200 180 223 298 270 375 268
Working Capital Days 224 168 159 189 211 208 224 185
ROCE % 8% 11% 12% 8% 6% 8% 12%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.14% 73.90% 73.90% 73.96% 73.96% 73.96% 73.95% 73.95% 73.99% 73.99% 73.99% 73.99%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
24.43% 24.43% 24.43% 24.35% 24.06% 24.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2.43% 1.66% 1.66% 1.69% 1.98% 2.01% 26.03% 26.03% 25.99% 26.00% 26.00% 25.98%
No. of Shareholders 1,6162,5643,2004,5816,4907,1437,7957,7438,0909,01012,57122,137

* 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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Documents

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