Balurghat Technologies Ltd

Balurghat Technologies Ltd

₹ 29.0 2.58%
28 May - close price
About

Incorporated in 1993, Balurghat Technologies Limited is a Transportation, Logistics & Supply-Chain Solutions provider company in India.

Key Points

Services Offered:[1]
a) Road Logistics:[2]
In the Logistics department, company offers:
Dedicated transportation capabilities including individual delivery services
Close partnerships with carriers
Team of carrier-management solution experts
Range of services including 3PL solutions and freight forwarding.

b) Travel:[3]
Corporate Travel Partner (including dedicated and Individual services).
Serves according to Individual/Corporate needs
IATA certified
Fulfils All Visa requirements
Provides a Travel Consultant per project/ Single point contact through entire travel process

c) Freight Forwarding:[4]
Provides Global Network & Distribution facilities.
Provides reliable Network Support & Freight forwarding solutions.
Cargo planning and monitoring standards applied to each shipment.
Provides Container services, LCL services, etc.

  • Market Cap 52.8 Cr.
  • Current Price 29.0
  • High / Low 39.0 / 11.0
  • Stock P/E 32.4
  • Book Value 9.91
  • Dividend Yield 0.00 %
  • ROCE 10.0 %
  • ROE 7.32 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.93 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 6.09% over past five years.
  • Promoter holding is low: 33.6%
  • Company has a low return on equity of 2.34% 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: Logistics Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

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
28.66 21.00 11.86 16.45 16.84 16.45 14.83 16.28 16.51 16.87 19.70 19.35 20.26
27.57 21.45 12.68 15.61 15.63 16.27 14.24 15.23 15.46 16.45 18.53 18.57 19.37
Operating Profit 1.09 -0.45 -0.82 0.84 1.21 0.18 0.59 1.05 1.05 0.42 1.17 0.78 0.89
OPM % 3.80% -2.14% -6.91% 5.11% 7.19% 1.09% 3.98% 6.45% 6.36% 2.49% 5.94% 4.03% 4.39%
0.03 0.13 0.02 0.03 0.08 1.87 0.01 0.05 0.08 0.23 0.04 0.06 0.05
Interest 0.49 0.49 0.40 0.43 0.42 0.38 0.26 0.29 0.32 0.28 0.23 0.26 0.24
Depreciation 0.10 0.14 0.11 0.11 0.12 0.06 0.10 0.12 0.13 0.01 0.09 0.09 0.10
Profit before tax 0.53 -0.95 -1.31 0.33 0.75 1.61 0.24 0.69 0.68 0.36 0.89 0.49 0.60
Tax % -11.32% -2.11% 0.00% 0.00% 0.00% 23.60% 25.00% 30.43% 26.47% 44.44% 25.84% 30.61% 28.33%
0.59 -0.97 -1.31 0.33 0.75 1.23 0.18 0.48 0.50 0.20 0.66 0.34 0.43
EPS in Rs 0.32 -0.53 -0.72 0.18 0.41 0.68 0.10 0.26 0.27 0.11 0.36 0.19 0.24
Raw PDF
Upcoming result date: today

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
32.54 35.48 37.57 41.19 38.19 38.24 47.97 54.49 98.43 92.46 61.60 64.47 76.18
32.17 34.68 36.71 40.14 37.17 37.15 46.40 52.52 94.89 91.19 60.19 61.37 72.92
Operating Profit 0.37 0.80 0.86 1.05 1.02 1.09 1.57 1.97 3.54 1.27 1.41 3.10 3.26
OPM % 1.14% 2.25% 2.29% 2.55% 2.67% 2.85% 3.27% 3.62% 3.60% 1.37% 2.29% 4.81% 4.28%
0.12 0.14 0.18 0.12 0.13 0.22 0.11 0.11 0.89 0.19 1.99 0.37 0.38
Interest 0.01 0.06 0.08 0.13 0.21 0.28 0.34 0.58 1.46 1.87 1.62 1.14 1.01
Depreciation 0.10 0.16 0.16 0.17 0.19 0.27 0.38 0.38 0.43 0.45 0.40 0.36 0.29
Profit before tax 0.38 0.72 0.80 0.87 0.75 0.76 0.96 1.12 2.54 -0.86 1.38 1.97 2.34
Tax % 21.05% 19.44% 18.75% 20.69% 17.33% 28.95% 22.92% 29.46% 22.83% -5.81% 27.54% 30.96%
0.30 0.59 0.65 0.68 0.62 0.54 0.75 0.80 1.95 -0.91 0.99 1.36 1.63
EPS in Rs 0.16 0.32 0.36 0.37 0.34 0.30 0.41 0.44 1.07 -0.50 0.54 0.75 0.90
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: -13%
TTM: 19%
Compounded Profit Growth
10 Years: 8%
5 Years: 12%
3 Years: -1%
TTM: -32%
Stock Price CAGR
10 Years: 26%
5 Years: 35%
3 Years: 40%
1 Year: 140%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 2%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17.41 17.41 17.41 17.41 17.41 17.41 17.41 17.41 17.41 17.41 17.41 17.41 17.41
Reserves -13.03 -11.87 -11.22 -10.57 -9.95 -9.41 -8.67 -7.87 -5.92 0.73 0.62 0.62 0.62
0.74 0.83 1.09 1.84 1.89 2.84 4.42 6.61 9.46 16.90 13.60 11.48 10.71
1.80 2.36 2.76 2.04 2.97 2.33 3.00 3.48 4.05 3.69 3.48 4.14 4.90
Total Liabilities 6.92 8.73 10.04 10.72 12.32 13.17 16.16 19.63 25.00 38.73 35.11 33.65 33.64
2.84 2.94 2.86 3.30 3.67 4.50 4.33 4.13 3.79 3.61 2.95 3.83 3.70
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.51 0.36
4.07 5.78 7.17 7.41 8.64 8.66 11.82 15.49 21.20 35.11 32.15 29.31 29.58
Total Assets 6.92 8.73 10.04 10.72 12.32 13.17 16.16 19.63 25.00 38.73 35.11 33.65 33.64

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.32 0.00 0.25 0.34 1.15 0.29 -1.00 -3.24 -8.96 -0.45 2.57 3.95
-0.04 0.00 -0.08 -0.65 -0.49 -1.00 -0.09 -0.21 0.90 0.15 1.93 -1.37
-0.41 0.00 0.18 0.75 0.05 0.94 1.58 2.18 2.86 7.44 -3.30 -2.12
Net Cash Flow -0.13 0.00 0.35 0.44 0.71 0.23 0.49 -1.26 -5.20 7.14 1.21 0.46

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 30.17 37.14 40.90 39.52 37.94 40.66 49.46 76.76 79.80 82.58 106.12 93.02
Inventory Days 6.97 6.70 7.58 3.05 5.68 5.63 5.38 5.40 3.48 0.00
Days Payable 27.38 30.70 32.44 18.79 34.44 18.15 20.04 38.18 33.89
Cash Conversion Cycle 9.77 13.14 16.04 23.78 9.18 28.15 34.79 43.98 49.38 82.58 106.12 93.02
Working Capital Days 22.88 23.35 26.23 27.91 25.90 38.47 44.44 65.58 75.39 109.67 141.56 113.80
ROCE % 7.55% 12.89% 12.53% 10.54% 9.71% 10.92% 11.60% 17.52% 3.61% 8.10% 10.01%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
33.63% 33.63% 33.63% 33.63% 33.63% 33.63% 33.63% 33.63% 33.63% 33.63% 33.63% 33.63%
66.37% 66.37% 66.37% 66.37% 66.37% 66.36% 66.37% 66.37% 66.37% 66.37% 66.38% 66.37%
No. of Shareholders 12,68312,71712,80712,75812,69912,80412,81612,79912,77912,92713,10913,520

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