Bharat Bijlee Ltd

Bharat Bijlee Ltd

₹ 3,232 3.09%
26 Apr - close price
About

Established in 1946, Bharat Bijlee is a leading electrical engineering company in India engaged in manufacturing of transformers, electric motors, elevator systems, drives and automation. It also provides turnkey solutions for EHV switchyards, HV and MV substations, Electrical Balance of Plant, etc. [1]

Key Points

Business Segments

  • Market Cap 3,653 Cr.
  • Current Price 3,232
  • High / Low 3,539 / 1,314
  • Stock P/E 33.3
  • Book Value 1,302
  • Dividend Yield 0.62 %
  • ROCE 8.85 %
  • ROE 6.65 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 28.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.8%

Cons

  • Promoter holding is low: 33.7%
  • Company has a low return on equity of 5.19% 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.

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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
222 290 288 305 323 349 277 324 388 430 441 420 424
198 276 266 283 298 335 255 300 355 391 409 381 385
Operating Profit 24 14 22 23 25 15 22 24 33 39 33 38 39
OPM % 11% 5% 8% 7% 8% 4% 8% 7% 8% 9% 7% 9% 9%
5 10 5 6 5 9 7 7 7 8 10 7 10
Interest 4 4 5 6 5 5 5 5 6 7 5 5 5
Depreciation 3 3 3 3 3 3 3 3 3 3 3 3 4
Profit before tax 23 17 18 19 21 16 21 23 31 37 33 37 40
Tax % 32% 24% 24% 26% 25% 27% 24% 25% 24% 27% 24% 24% 25%
16 13 14 14 16 12 16 17 23 27 25 28 30
EPS in Rs 13.88 11.55 12.11 12.73 14.07 10.27 14.45 14.99 20.43 23.77 22.42 24.68 26.27
Raw PDF
Upcoming result date: 17 May 2024

Profit & Loss

Figures in Rs. Crores

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
717 541 485 610 638 677 774 932 929 731 1,266 1,418 1,715
703 541 491 628 618 658 737 872 858 692 1,179 1,299 1,566
Operating Profit 15 -0 -6 -18 20 20 37 61 70 39 87 120 149
OPM % 2% -0% -1% -3% 3% 3% 5% 7% 8% 5% 7% 8% 9%
77 17 18 18 21 27 68 29 30 27 24 29 35
Interest 16 15 15 23 23 19 23 20 23 19 24 24 23
Depreciation 10 11 11 12 10 10 9 8 9 10 12 13 14
Profit before tax 66 -8 -13 -34 7 18 73 62 69 37 75 111 147
Tax % 19% 41% 16% 1% 2% 20% 16% 33% 34% 29% 25% 25%
54 -5 -11 -34 7 14 61 42 46 26 56 83 110
EPS in Rs 47.50 -4.31 -9.99 -30.13 6.36 12.76 53.96 36.75 40.37 23.05 49.19 73.65 97.14
Dividend Payout % 26% -29% -0% -0% -0% -0% 2% 17% 15% 11% 30% 27%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: 15%
TTM: 28%
Compounded Profit Growth
10 Years: 33%
5 Years: 29%
3 Years: 23%
TTM: 62%
Stock Price CAGR
10 Years: 27%
5 Years: 43%
3 Years: 78%
1 Year: 135%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 5%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

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 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 313 306 295 260 267 646 686 746 750 967 1,118 1,372 1,466
60 85 81 133 169 178 215 199 248 238 279 287 213
227 193 193 201 201 213 208 197 237 266 258 386 453
Total Liabilities 606 589 576 599 642 1,042 1,114 1,148 1,240 1,476 1,660 2,052 2,138
90 97 94 84 77 72 65 69 74 102 105 108 109
CWIP 5 2 1 1 1 1 7 8 24 3 3 2 8
Investments 10 24 12 8 8 352 347 376 353 561 673 890 974
501 466 469 507 556 618 693 695 790 810 878 1,051 1,047
Total Assets 606 589 576 599 642 1,042 1,114 1,148 1,240 1,476 1,660 2,052 2,138

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5 7 6 -41 -5 13 -53 53 12 39 -9 52
-19 -12 11 10 -11 6 26 -20 -22 -13 -14 -10
7 -6 -18 31 14 -7 18 -34 10 -20 17 -31
Net Cash Flow -17 -11 -1 0 -2 12 -10 -1 1 6 -6 11

Ratios

Figures in Rs. Crores

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 109 127 119 127 128 120 140 100 115 120 99 99
Inventory Days 68 84 120 68 80 91 74 81 114 190 86 116
Days Payable 100 123 142 115 114 115 103 84 96 133 54 71
Cash Conversion Cycle 76 88 97 80 94 97 111 98 133 178 130 145
Working Capital Days 119 142 179 98 107 141 188 172 197 257 122 174
ROCE % 15% 2% 0% -3% 7% 6% 6% 9% 9% 5% 8% 9%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
33.45% 33.45% 33.45% 33.45% 33.45% 33.45% 33.86% 33.86% 33.86% 33.86% 33.72% 33.72%
0.06% 0.18% 0.37% 0.60% 0.63% 0.76% 0.82% 0.88% 1.68% 2.07% 2.14% 2.32%
14.58% 12.63% 10.85% 10.22% 9.37% 8.17% 6.81% 6.06% 5.04% 5.66% 7.82% 9.19%
51.91% 53.74% 55.33% 55.73% 56.55% 57.61% 58.50% 59.20% 59.43% 58.40% 56.33% 54.77%
No. of Shareholders 18,33419,60620,84722,93123,24923,84724,25526,13029,12534,47936,69839,723

* 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.

Click on the line-items to see the names of individual entities.

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