Banaras Beads Ltd
₹ 104
-1.51%
01 Jul
9:26 a.m.
About
Incorporated in 1980, Banaras Beads Ltd is in the business of Manufacturing and export of Handicraft items like Glass Beads; Necklaces, Imitation Jewelry, etc.[1]
Key Points
- Market Cap ₹ 69.3 Cr.
- Current Price ₹ 104
- High / Low ₹ 172 / 96.0
- Stock P/E 39.1
- Book Value ₹ 86.9
- Dividend Yield 2.15 %
- ROCE 5.71 %
- ROE 3.12 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.16 times its book value
Cons
- The company has delivered a poor sales growth of 4.48% over past five years.
- Company has a low return on equity of 4.60% over last 3 years.
- Earnings include an other income of Rs.1.62 Cr.
- Debtor days have increased from 88.0 to 119 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23.57 | 24.74 | 27.32 | 23.78 | 17.31 | 25.78 | 20.47 | 25.12 | 26.97 | 28.22 | 31.56 | 25.49 | |
| 19.59 | 21.98 | 23.58 | 20.50 | 14.74 | 21.91 | 17.12 | 21.97 | 23.33 | 25.58 | 27.43 | 21.47 | |
| Operating Profit | 3.98 | 2.76 | 3.74 | 3.28 | 2.57 | 3.87 | 3.35 | 3.15 | 3.64 | 2.64 | 4.13 | 4.02 |
| OPM % | 16.89% | 11.16% | 13.69% | 13.79% | 14.85% | 15.01% | 16.37% | 12.54% | 13.50% | 9.36% | 13.09% | 15.77% |
| 1.19 | 6.30 | 1.32 | 0.96 | 0.84 | 0.82 | 1.48 | 2.19 | 1.80 | 2.45 | 1.99 | 1.62 | |
| Interest | 0.19 | 0.67 | 0.15 | 0.08 | 0.30 | 0.11 | 0.20 | 0.25 | 0.79 | 0.26 | 0.67 | 1.80 |
| Depreciation | 2.35 | 2.13 | 2.10 | 1.84 | 1.52 | 1.35 | 1.46 | 1.28 | 1.23 | 1.15 | 1.39 | 1.57 |
| Profit before tax | 2.63 | 6.26 | 2.81 | 2.32 | 1.59 | 3.23 | 3.17 | 3.81 | 3.42 | 3.68 | 4.06 | 2.27 |
| Tax % | 38.78% | 30.99% | 40.57% | 40.52% | 27.67% | 27.55% | 24.61% | 23.36% | 25.44% | 25.27% | 23.89% | 21.59% |
| 1.61 | 4.32 | 1.67 | 1.38 | 1.16 | 2.34 | 2.39 | 2.92 | 2.54 | 2.75 | 3.09 | 1.77 | |
| EPS in Rs | 2.43 | 6.51 | 2.52 | 2.08 | 1.75 | 3.53 | 3.60 | 4.40 | 3.83 | 4.14 | 4.66 | 2.67 |
| Dividend Payout % | 41.06% | 38.25% | 39.58% | 0.00% | 0.00% | 0.00% | 0.00% | 45.27% | 52.05% | 48.07% | 48.13% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 4% |
| 3 Years: | -2% |
| TTM: | -19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | -5% |
| 3 Years: | -11% |
| TTM: | -43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 12% |
| 3 Years: | 6% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 5% |
| 3 Years: | 5% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.61 | 6.61 | 6.61 | 6.61 | 6.61 | 6.61 | 6.61 | 6.61 | 6.61 | 6.61 | 6.61 | 6.60 |
| Reserves | 33.25 | 35.57 | 37.01 | 37.60 | 38.75 | 41.05 | 43.43 | 45.02 | 46.22 | 47.63 | 49.23 | 51.05 |
| 14.94 | 5.09 | 1.10 | 1.90 | 0.84 | 0.00 | 4.33 | 5.80 | 0.29 | 3.29 | 8.58 | 20.53 | |
| 3.86 | 5.21 | 3.07 | 2.74 | 1.91 | 2.16 | 1.72 | 2.34 | 2.79 | 2.28 | 2.21 | 2.36 | |
| Total Liabilities | 58.66 | 52.48 | 47.79 | 48.85 | 48.11 | 49.82 | 56.09 | 59.77 | 55.91 | 59.81 | 66.63 | 80.54 |
| 14.13 | 13.78 | 12.61 | 11.26 | 9.80 | 19.35 | 18.16 | 8.62 | 8.75 | 8.44 | 10.17 | 16.65 | |
| CWIP | 0.00 | 0.00 | 0.00 | 8.84 | 9.04 | 0.00 | 0.00 | 0.38 | 0.25 | 0.45 | 0.00 | 0.00 |
| Investments | 6.19 | 3.67 | 3.19 | 3.12 | 3.15 | 4.89 | 3.12 | 3.13 | 3.04 | 3.03 | 2.98 | 2.98 |
| 38.34 | 35.03 | 31.99 | 25.63 | 26.12 | 25.58 | 34.81 | 47.64 | 43.87 | 47.89 | 53.48 | 60.91 | |
| Total Assets | 58.66 | 52.48 | 47.79 | 48.85 | 48.11 | 49.82 | 56.09 | 59.77 | 55.91 | 59.81 | 66.63 | 80.54 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.00 | 2.72 | 5.49 | 4.43 | 0.33 | 3.64 | -9.31 | -4.00 | -4.45 | -3.47 | 4.97 | -4.68 | |
| -7.34 | 3.79 | 0.72 | -8.37 | 0.51 | -2.85 | 2.89 | 10.06 | 0.95 | 12.94 | -17.14 | -2.97 | |
| 12.87 | -12.96 | -4.06 | 0.08 | -1.14 | -0.90 | 4.27 | -0.10 | -7.62 | 1.42 | 3.14 | 10.16 | |
| Net Cash Flow | 6.53 | -6.45 | 2.15 | -3.86 | -0.30 | -0.11 | -2.15 | 5.97 | -11.12 | 10.88 | -9.02 | 2.51 |
| Free Cash Flow | -1.33 | 0.96 | 4.57 | -4.90 | 0.07 | 1.77 | -9.58 | 4.40 | -5.67 | -4.49 | 2.32 | -12.72 |
| CFO/OP | 47% | 147% | 188% | 169% | 32% | 118% | -254% | -98% | -98% | -94% | 145% | -103% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 8.52 | 19.77 | 9.62 | 12.13 | 14.76 | 4.11 | 47.79 | 66.69 | 83.91 | 86.40 | 58.98 | 118.56 |
| Inventory Days | 550.47 | 468.58 | 317.59 | 442.72 | 857.06 | 482.69 | 1,666.83 | |||||
| Days Payable | 11.46 | 31.57 | 23.01 | 10.70 | 16.82 | 5.54 | 25.92 | |||||
| Cash Conversion Cycle | 547.53 | 456.78 | 304.20 | 444.15 | 855.01 | 481.25 | 47.79 | 66.69 | 83.91 | 86.40 | 58.98 | 1,759.48 |
| Working Capital Days | 9.91 | 186.93 | 198.93 | 186.49 | 311.86 | 211.38 | 335.40 | 297.87 | 370.95 | 385.18 | 262.76 | 341.95 |
| ROCE % | 5.96% | 4.21% | 6.26% | 5.26% | 4.09% | 7.31% | 6.23% | 6.28% | 7.62% | 7.09% | 7.76% | 5.71% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Number of Permanent Employees Number |
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| Export Revenue Share % |
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| Solar Power Plant Capacity KVA |
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Documents
Announcements
- Reg. 34 (1) Annual Report. 1d
- Closure of Trading Window 26 Jun
-
Business Responsibility and Sustainability Reporting (BRSR)
24 Jun - Submitted FY2025-26 Business Responsibility and Sustainability Report; SEBI BRSR provision noted as not applicable.
- Notice Of Annual General Meeting To Be Held On 30Th July, 2026 For F.Y. 2025 2026. 24 Jun
- Book Closer From Friday 24Th July, 2026 To Thursday 30Th July, 2026 (Both Days Inclusive) For The Purposes Of AGM To Be Held On 30.07.2026. 15 Jun
Annual reports
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Financial Year 2026
from bse
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Concalls
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Nov 2024TranscriptPPT
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Jun 2024TranscriptPPT
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Feb 2024TranscriptPPT
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Dec 2022Transcript PPT
Business Overview:[1]
The company is a leading exporter of glassbeads and handicrafts with its largest market in the US. Orders are sourced through international trade fairs, direct meetings with foreign buyers, and online interactions showcasing newly developed products.