Bang Overseas Ltd

₹ 48.8 -0.10%

07 May - close price

About

Incorporated in 1992, Bang Overseas Ltd (BOL) is a manufacturer and exporter of men’s wear from India and Macedonia. They also provide services like concept development, designing, manufacturing, logistics and marketing ^[1]

Key Points

Brands
They have 3 brands in their portfolio:
Thomas Scott - Formal shirts, Semi-formal, and Business casual shirts ^[1]
Italian Gold - Sourcing facility of Bang overseas Ltd. It has a tie up with Roberto Ferrari to solely market its premium fabric in India. This gives it the made-in-Italy label ^[2]
Hammersmith - Shirts that are branded into 4 categories: Dress Shirts Luxury, Dress Shirts Exotica, Dress Shirts Classic, and Smart Shirts ^[3]

Website BSE NSE

Market Cap ₹ 66.1 Cr.
Current Price ₹ 48.8
High / Low ₹ 76.5 / 37.5
Stock P/E
Book Value ₹ 68.5
Dividend Yield 0.00 %
ROCE 3.79 %
ROE 1.38 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.71 times its book value
Debtor days have improved from 259 to 169 days.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -6.20% over past five years.
Company has a low return on equity of 2.87% over last 3 years.
Company might be capitalizing the interest cost
Company has high debtors of 169 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

Sector: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	18.88	24.91	12.86	18.13	24.10	25.29	25.60	28.90	32.82	35.11	29.64	29.78	37.51
	19.40	25.35	11.86	17.78	22.52	23.17	23.19	28.50	32.57	34.48	30.67	33.44	40.51
Operating Profit	-0.52	-0.44	1.00	0.35	1.58	2.12	2.41	0.40	0.25	0.63	-1.03	-3.66	-3.00
OPM %	-2.75%	-1.77%	7.78%	1.93%	6.56%	8.38%	9.41%	1.38%	0.76%	1.79%	-3.48%	-12.29%	-8.00%
	0.89	2.17	0.59	0.49	0.34	0.53	0.40	0.45	0.75	0.55	0.85	0.88	0.79
Interest	0.47	0.19	0.20	0.18	0.11	0.23	0.18	0.23	0.32	0.34	0.27	0.37	0.31
Depreciation	0.47	0.46	0.44	0.42	0.41	0.37	0.34	0.34	0.34	0.35	0.33	0.34	0.37
Profit before tax	-0.57	1.08	0.95	0.24	1.40	2.05	2.29	0.28	0.34	0.49	-0.78	-3.49	-2.89
Tax %	285.96%	-12.96%	-2.11%	87.50%	-21.43%	7.80%	58.08%	96.43%	55.88%	81.63%	-26.92%	4.01%	0.35%
	1.06	1.22	0.98	0.02	1.70	1.90	0.96	0.01	0.14	0.09	-0.99	-3.35	-2.88
EPS in Rs	0.78	0.90	0.72	0.01	1.25	1.40	0.71	0.01	0.10	0.07	-0.73	-2.47	-2.12
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	137	235	162	128	145	157	168	154	98	57	80	122	132
	135	230	176	129	141	151	166	152	97	58	75	119	139
Operating Profit	3	5	-13	-1	5	6	3	2	1	-1	5	4	-7
OPM %	2%	2%	-8%	-1%	3%	4%	2%	1%	1%	-2%	7%	3%	-5%
	3	4	3	3	3	3	4	3	10	5	2	2	3
Interest	5	5	5	5	4	1	1	1	1	1	1	1	1
Depreciation	1	1	1	3	2	2	2	2	2	2	2	1	1
Profit before tax	0	3	-16	-6	1	6	4	2	8	1	5	3	-7
Tax %	-243%	68%	1%	5%	-10%	35%	12%	97%	5%	-62%	1%	65%
	0	1	-16	-5	1	4	3	0	7	1	5	1	-7
EPS in Rs	0.17	0.75	-11.95	-3.92	0.86	2.80	2.43	0.05	5.27	0.92	3.39	0.88	-5.25
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-6%
5 Years:	-6%
3 Years:	8%
TTM:	17%

Compounded Profit Growth
10 Years:	2%
5 Years:	-18%
3 Years:	-14%
TTM:	-337%

Stock Price CAGR
10 Years:	17%
5 Years:	2%
3 Years:	20%
1 Year:	22%

Return on Equity
10 Years:	-1%
5 Years:	2%
3 Years:	3%
Last Year:	1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	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	14	14	14	14	14	14	14	14	14	14	14	14	14
Reserves	66	67	51	45	46	57	60	60	67	69	73	74	79
	43	60	67	38	40	36	31	29	27	24	28	32	30
	15	13	17	32	32	37	49	43	30	21	14	31	41
Total Liabilities	138	154	147	129	132	144	153	146	138	126	128	150	164
	17	18	21	20	20	28	32	31	20	20	18	18	17
CWIP	10	10	10	0	0	0	0	0	0	0	0	0	2
Investments	2	3	3	13	16	5	4	4	1	1	1	1	0
	109	123	113	95	97	111	117	110	117	105	109	132	144
Total Assets	138	154	147	129	132	144	153	146	138	126	128	150	164

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	45	-16	1	30	5	6	4	7	0	3	-13	11
	-9	-5	-0	-0	-3	-2	-3	-5	2	2	10	-15
	-46	13	3	-33	-2	-4	-4	-3	-2	-4	3	3
Net Cash Flow	-10	-8	4	-3	-0	-0	-3	-0	0	1	-0	-1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	133	115	106	106	109	123	154	131	183	325	282	169
Inventory Days	76	34	90	108	96	99	70	92	155	168	145	136
Days Payable	22	16	32	85	63	66	106	102	128	155	76	106
Cash Conversion Cycle	187	133	164	130	142	155	118	120	210	338	350	199
Working Capital Days	196	146	176	137	123	135	122	142	281	464	392	236
ROCE %	4%	6%	-8%	-1%	6%	7%	4%	3%	2%	2%	5%	4%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	72.98%	72.98%	72.98%	72.98%	72.98%	72.98%	72.76%	72.98%	72.98%	72.98%	72.98%	72.98%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.02%	0.00%
	27.02%	27.02%	27.02%	27.02%	27.02%	27.02%	27.23%	27.01%	27.02%	27.01%	27.01%	27.02%
No. of Shareholders	4,966	5,592	5,685	5,858	8,045	7,832	7,760	7,603	7,481	7,278	7,035	6,533

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	72.98%	72.98%	72.98%	72.98%	72.98%	72.98%	72.98%	72.98%
	0.00%	0.00%	0.07%	0.05%	0.00%	0.00%	0.00%	0.00%
	27.02%	27.02%	26.95%	26.97%	27.02%	27.02%	27.01%	27.02%
No. of Shareholders	4,971	5,211	4,406	4,320	4,222	5,858	7,603	6,533

* 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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Bang Overseas Ltd

Bang Overseas Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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