Bartronics India Ltd

₹ 7.33 -1.35%

08 Jun 9:47 a.m.

About

Incorporated in 1990, Bartronics India Ltd provides Automatic Identification & Data Capture (AIDC) solutions^[1]

Key Points

Business Overview:^[1]
Company started with providing solutions based on barcode and is a leading player in the country to provide solutions using umbrella of AIDC technologies. It has a manufacturing facility with capacity to manufacture 80mn smart cards per annum. Using these 2 synergies, the company ventured into Financial Inclusion projects driven by Reserve Bank of India known as Jan Dhan Yojana

Website BSE NSE

Market Cap ₹ 223 Cr.
Current Price ₹ 7.33
High / Low ₹ 17.6 / 6.93
Stock P/E 37.6
Book Value ₹ 1.12
Dividend Yield 0.00 %
ROCE 15.5 %
ROE 19.0 %
Face Value ₹ 1.00

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -1.87%
Debtor days have increased from 56.5 to 90.7 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

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Detailed Comparison with:

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	Mar 2025	Dec 2025	Mar 2026
	15.33	18.20	14.82	16.22	16.29	18.23	15.37	13.73	11.47	12.05	8.91	48.34	34.39
	14.00	16.29	13.98	14.72	14.78	16.41	14.04	12.77	11.65	12.19	9.01	45.75	32.07
Operating Profit	1.33	1.91	0.84	1.50	1.51	1.82	1.33	0.96	-0.18	-0.14	-0.10	2.59	2.32
OPM %	8.68%	10.49%	5.67%	9.25%	9.27%	9.98%	8.65%	6.99%	-1.57%	-1.16%	-1.12%	5.36%	6.75%
	0.01	0.23	0.02	0.01	0.05	0.04	0.00	0.13	0.07	460.08	1.52	0.15	0.42
Interest	13.10	13.10	13.10	13.10	13.10	13.10	13.10	13.10	0.00	0.00	0.00	0.00	0.07
Depreciation	1.07	1.07	1.07	1.07	1.07	1.07	1.07	1.05	1.05	1.01	0.01	0.06	0.05
Profit before tax	-12.83	-12.03	-13.31	-12.66	-12.61	-12.31	-12.84	-13.06	-1.16	458.93	1.41	2.68	2.62
Tax %	1.17%	-9.73%	-1.13%	-1.11%	-1.11%	-1.22%	5.76%	-1.30%	-13.79%	4.15%	33.33%	8.96%	20.23%
	-12.98	-10.86	-13.16	-12.52	-12.46	-12.16	-13.58	-12.90	-1.00	439.88	0.93	2.45	2.08
EPS in Rs	-3.81	-3.19	-3.87	-3.68	-3.66	-3.57	-3.99	-3.79	-0.33	14.44	0.03	0.08	0.07
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2013	Mar 2015 18m	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
	153	108	109	85	75	69	66	63	65	52	40	104
	235	156	97	75	61	85	59	57	60	50	40	99
Operating Profit	-82	-48	12	10	14	-16	7	6	6	2	-0	5
OPM %	-53%	-44%	11%	12%	19%	-24%	11%	9%	9%	4%	-1%	5%
	63	62	19	-3	2	0	3	0	0	460	3	1
Interest	51	70	56	52	52	52	52	52	52	26	0	0
Depreciation	53	57	11	6	6	5	5	4	4	4	0	0
Profit before tax	-122	-113	-36	-51	-42	-74	-47	-50	-51	432	2	5
Tax %	-37%	-13%	-6%	-1%	-1%	-10%	9%	-2%	-1%	5%	27%	-9%
	-77	-99	-33	-51	-42	-66	-51	-49	-50	412	2	6
EPS in Rs	-22.51	-28.98	-9.83	-14.98	-12.29	-19.48	-15.06	-14.46	-14.77	13.54	0.06	0.20
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-1%
5 Years:	11%
3 Years:	26%
TTM:	160%

Compounded Profit Growth
10 Years:	-13%
5 Years:	16%
3 Years:	30%
TTM:	2276%

Stock Price CAGR
10 Years:	-2%
5 Years:	14%
3 Years:	-6%
1 Year:	-47%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Equity Capital	34	34	34	34	34	34	34	34	34	30	30	30
Reserves	330	228	205	163	146	125	114	60	32	498	-2	4
	700	625	705	723	669	720	1,045	1,090	1,154	0	0	9
	811	693	728	726	634	601	406	395	398	222	4	25
Total Liabilities	1,875	1,579	1,672	1,646	1,483	1,480	1,600	1,578	1,619	750	33	68
	323	267	258	248	239	234	227	223	218	199	0	2
CWIP	13	14	14	14	14	14	12	12	12	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	5	14
	1,539	1,298	1,400	1,384	1,230	1,233	1,361	1,344	1,388	551	27	53
Total Assets	1,875	1,579	1,672	1,646	1,483	1,480	1,600	1,578	1,619	750	33	68

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
	94	123	-8	4	-4	9	61	2	4	-4	-3	1
	-56	-24	5	-1	4	43	10	0	0	1	-0	-10
	-44	-117	4	-2	0	-52	-69	-0	0	-2	0	8
Net Cash Flow	-6	-18	1	1	-0	0	2	2	4	-6	-3	-0
Free Cash Flow	95	121	-9	3	-1	9	65	2	4	-4	1	-0
CFO/OP	-115%	-256%	-61%	35%	-27%	-56%	866%	35%	70%	-207%	869%	29%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Debtor Days	3,147	3,603	3,904	4,940	4,353	5,030	5,923	6,099	6,051	2,363	22	91
Inventory Days	15	53	47	96	173	77	124		389	21
Days Payable	1,528	2,792	1,753	5,428	8,185	4,936	3,179		19,744	23,400
Cash Conversion Cycle	1,635	864	2,198	-391	-3,659	171	2,867	6,099	-13,304	-21,016	22	91
Working Capital Days	-299	-613	-634	-977	-1,147	-1,396	-1,438	-1,826	-1,908	2,188	-7	2
ROCE %	-8%	-4%	8%	0%	1%	-2%	1%	0%	0%	-0%		16%

Insights

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Mar 2015

Mar 2016

Mar 2017

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Mar 2019

Mar 2020

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Mar 2022

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Mar 2024

Dec 2025

Permanent Employee Count
Number ・Standalone data

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xx,xxx	xx,xxx	x,xxx	x,xxx						x,xxx	x,xxx
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			xxx		xxx
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Installed Smart Card Manufacturing Capacity
Million Cards per Annum

Villages Covered
Number

Smart Card Production Volume
Units

Aapke Dwar Kiosks (Constructed)
Number

Number of Business Correspondents (BCs/CSPs)
Number

Banking Partners
Number

Farmers/Rural Population Service Reach
Millions

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

9 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	90.00%	90.00%	90.00%	90.00%	89.75%	85.57%	81.29%	75.00%	75.00%	69.37%	69.37%	67.50%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.19%	3.97%	1.36%	1.68%	1.68%	1.67%
	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%
	9.78%	9.78%	9.77%	9.78%	10.03%	14.22%	15.30%	20.81%	23.43%	28.74%	28.74%	30.62%
No. of Shareholders	35,974	35,948	35,688	38,594	39,610	48,054	50,472	59,477	60,221	61,747	60,788	72,319

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10.55%	10.55%	10.55%	10.55%	10.55%	10.55%	90.00%	90.00%	75.00%	67.50%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.97%	1.67%
	1.95%	2.06%	1.95%	1.95%	1.95%	1.95%	0.22%	0.22%	0.22%	0.22%
	87.50%	87.39%	87.50%	87.50%	87.50%	87.50%	9.78%	9.78%	20.81%	30.62%
No. of Shareholders	47,571	43,197	41,401	40,407	38,277	37,207	36,318	38,594	59,477	72,319

* 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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Bartronics India Ltd

Bartronics India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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