Bang Overseas Ltd

₹ 54.4 -2.86%

26 Apr - 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 ₹ 73.8 Cr.
Current Price ₹ 54.4
High / Low ₹ 76.5 / 37.5
Stock P/E
Book Value ₹ 61.6
Dividend Yield 0.00 %
ROCE 3.70 %
ROE 1.18 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.88 times its book value

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 -8.87% over past five years.
Company has a low return on equity of 2.73% over last 3 years.
Company might be capitalizing the interest cost
Company has high debtors of 182 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

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
	19.09	24.82	13.86	18.12	26.11	25.41	26.20	28.37	30.19	32.77	29.68	30.42	36.82
	19.36	25.60	12.61	17.04	24.46	23.87	23.62	27.88	29.97	32.11	30.82	34.33	40.13
Operating Profit	-0.27	-0.78	1.25	1.08	1.65	1.54	2.58	0.49	0.22	0.66	-1.14	-3.91	-3.31
OPM %	-1.41%	-3.14%	9.02%	5.96%	6.32%	6.06%	9.85%	1.73%	0.73%	2.01%	-3.84%	-12.85%	-8.99%
	0.85	2.32	0.58	0.48	0.34	0.52	0.40	0.45	0.75	0.58	0.85	0.88	0.80
Interest	0.50	0.22	0.20	0.19	0.12	0.27	0.21	0.28	0.37	0.39	0.32	0.40	0.35
Depreciation	0.48	0.48	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	-0.40	0.84	1.19	0.95	1.46	1.42	2.43	0.32	0.26	0.50	-0.94	-3.77	-3.23
Tax %	405.00%	-21.43%	0.84%	49.47%	-19.86%	-7.75%	58.85%	90.62%	57.69%	98.00%	-21.28%	3.45%	0.31%
	1.22	1.02	1.18	0.49	1.75	1.52	1.00	0.04	0.10	0.01	-1.14	-3.64	-3.22
EPS in Rs	0.90	0.75	0.87	0.36	1.29	1.12	0.74	0.03	0.07	0.01	-0.84	-2.68	-2.37
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	188	270	194	148	159	173	187	168	110	57	83	117	130
	185	264	209	149	155	167	184	166	109	58	78	113	137
Operating Profit	3	6	-15	-1	5	6	3	2	1	-1	6	4	-8
OPM %	2%	2%	-8%	-1%	3%	4%	1%	1%	1%	-2%	7%	3%	-6%
	4	4	4	3	3	4	4	3	10	5	2	2	3
Interest	6	5	5	5	5	2	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	4	-17	-6	1	6	4	2	8	1	5	4	-7
Tax %	400%	64%	1%	5%	-11%	35%	13%	95%	5%	-49%	2%	67%
	0	1	-17	-6	1	4	3	0	7	1	5	1	-8
EPS in Rs	0.09	0.97	-12.60	-4.12	0.84	2.80	2.35	0.07	5.38	1.03	3.64	0.85	-5.88
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-8%
5 Years:	-9%
3 Years:	2%
TTM:	18%

Compounded Profit Growth
10 Years:	-1%
5 Years:	-18%
3 Years:	-17%
TTM:	-400%

Stock Price CAGR
10 Years:	18%
5 Years:	6%
3 Years:	25%
1 Year:	36%

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	76	76	59	53	54	66	70	70	77	78	83	84	70
	53	71	77	41	42	44	31	29	27	24	28	33	30
	18	18	18	30	28	27	52	45	34	22	20	34	40
Total Liabilities	159	179	168	138	139	151	166	157	152	138	145	165	153
	18	19	22	21	20	28	32	31	20	20	18	18	18
CWIP	10	10	10	0	0	0	0	0	0	0	0	0	2
Investments	0	0	0	11	11	1	0	0	0	0	0	0	0
	131	149	135	106	108	122	134	126	131	117	126	146	133
Total Assets	159	179	168	138	139	151	166	157	152	138	145	165	153

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	43	-16	3	37	4	-0	7	3	1	4	-14	11
	-10	-5	-1	-0	-1	-2	-3	-5	2	2	10	-16
	-42	15	2	-40	-3	1	-7	1	-3	-5	4	4
Net Cash Flow	-9	-7	5	-4	-0	-0	-3	-0	0	1	-0	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	114	113	15	97	106	121	158	139	191	354	297	182
Inventory Days	89	44	95	100	90	91	66	92	148	208	190	188
Days Payable	30	22	29	76	68	63	112	96	127	167	107	125
Cash Conversion Cycle	173	136	80	121	129	149	112	135	212	395	380	245
Working Capital Days	179	154	175	139	136	159	128	152	278	518	419	278
ROCE %	4%	6%	-8%	-0%	6%	6%	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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