Bombay Burmah Trading Corporation Ltd

Bombay Burmah Trading Corporation Ltd

₹ 2,694 -1.87%
18 Sep - close price
About

Founded in the year 1863, Bombay Burmah Trading Corporation Limited (BBTCL) is a flagship Company of Wadia Group.
Originally BBTCL was formed as a public company to carry out Teak business of William Wallace and was catering to domestic demands. Later in 1913 BBTCL turned to tea plantations by investing in Tea estates in South India.

Currently BBTCL has its presence in diversified business of Tea, Coffee, other plantation products, Biscuits, Dairy products, Auto electric and White goods, weighing products, horticulture, Healthcare products, Dental, orthopedic and ophthalmic products. [1]

Key Points

Part of the Wadia Group
The company is one of the flagship entities of the Wadia Group and has been in existence for over 150 years. The Wadia Group is one of the oldest conglomerates in India, with a diversified presence in consumer goods, healthcare, real estate, aviation, chemicals, and auto-electrical components. [1] [2]

  • Market Cap 18,800 Cr.
  • Current Price 2,694
  • High / Low 2,858 / 1,143
  • Stock P/E 514
  • Book Value 27.8
  • Dividend Yield 0.04 %
  • ROCE 7.59 %
  • ROE -1.08 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.7%
  • Company's working capital requirements have reduced from 450 days to 79.0 days

Cons

  • Stock is trading at 96.8 times its book value
  • The company has delivered a poor sales growth of 1.55% over past five years.
  • Earnings include an other income of Rs.143 Cr.

* 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
50.52 73.84 68.96 142.03 56.20 62.43 62.16 63.83 58.42 72.04 59.78 71.08 65.51
50.87 82.43 72.25 93.18 60.49 73.10 75.43 74.25 64.44 83.80 78.14 82.55 72.84
Operating Profit -0.35 -8.59 -3.29 48.85 -4.29 -10.67 -13.27 -10.42 -6.02 -11.76 -18.36 -11.47 -7.33
OPM % -0.69% -11.63% -4.77% 34.39% -7.63% -17.09% -21.35% -16.32% -10.30% -16.32% -30.71% -16.14% -11.19%
17.64 7.15 42.77 14.94 12.48 7.83 11.17 110.42 9.75 9.12 2.24 98.09 33.51
Interest 18.78 18.11 22.89 22.90 21.81 19.53 22.58 23.43 19.93 18.05 13.70 10.33 7.79
Depreciation 1.88 2.31 2.36 1.71 1.67 1.71 1.71 2.02 1.63 1.66 1.62 2.34 1.64
Profit before tax -3.37 -21.86 14.23 39.18 -15.29 -24.08 -26.39 74.55 -17.83 -22.35 -31.44 73.95 16.75
Tax % 0.00% 0.00% 0.00% 46.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 11.10% 49.67%
-3.37 -21.87 14.23 20.90 -15.29 -24.07 -26.39 74.54 -17.82 -22.35 -31.44 65.73 8.43
EPS in Rs -0.48 -3.13 2.04 3.00 -2.19 -3.45 -3.78 10.68 -2.55 -3.20 -4.51 9.42 1.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
244 275 241 241 260 208 242 214 208 302 245 261 268
225 255 232 260 271 236 253 253 223 274 283 309 317
Operating Profit 19 20 8 -19 -11 -28 -11 -39 -15 28 -38 -48 -49
OPM % 8% 7% 3% -8% -4% -13% -5% -18% -7% 9% -16% -18% -18%
28 17 36 27 49 37 35 69 107 90 142 119 143
Interest 15 22 27 32 34 31 34 38 80 83 87 62 50
Depreciation 7 8 7 9 8 9 8 9 9 7 7 7 7
Profit before tax 25 7 10 -32 -4 -31 -19 -18 4 28 9 2 37
Tax % 25% 29% 30% 2% -10% -16% 6% -4% 26% 65% 0% 352%
19 5 7 -33 -3 -26 -20 -17 3 10 9 -6 20
EPS in Rs 2.71 0.74 1.01 -4.69 -0.46 -3.70 -2.82 -2.44 0.40 1.42 1.26 -0.84 2.92
Dividend Payout % 111% 136% 99% -21% -218% -27% -35% -49% 299% 85% 95% -142%
Compounded Sales Growth
10 Years: -1%
5 Years: 2%
3 Years: 8%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: -23%
TTM: 183%
Stock Price CAGR
10 Years: 26%
5 Years: 16%
3 Years: 33%
1 Year: 129%
Return on Equity
10 Years: 3%
5 Years: 16%
3 Years: 32%
Last Year: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 255 252 244 261 313 277 243 220 216 197 192 180
164 191 357 331 334 358 414 500 1,045 1,012 954 351
69 57 59 45 45 49 55 59 72 82 103 94
Total Liabilities 501 513 674 650 706 699 726 793 1,346 1,305 1,262 639
99 107 111 116 114 109 111 114 117 118 79 74
CWIP 5 3 1 1 3 5 7 11 14 13 3 1
Investments 165 166 165 209 287 287 287 385 457 446 352 351
231 238 396 324 302 298 321 282 758 728 828 213
Total Assets 501 513 674 650 706 699 726 793 1,346 1,305 1,262 639

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-26 32 -15 -8 42 -19 -41 -21 -16 51 -40 -37
10 -64 -20 24 15 25 5 -12 -410 103 170 725
-24 -19 84 -64 -35 -19 31 37 467 -118 -161 -682
Net Cash Flow -40 -51 49 -48 22 -14 -5 4 40 36 -31 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 60 58 74 66 49 70 72 62 76 57 76 80
Inventory Days 382 292 441 334 189 300 371 348 402 185 203 154
Days Payable 82 80 117 93 48 92 76 90 111 70 66 69
Cash Conversion Cycle 359 270 398 307 191 277 367 319 367 172 213 165
Working Capital Days 92 133 206 350 257 356 336 58 1,073 660 610 79
ROCE % 7% 6% 7% -0% 1% -2% 2% 3% 8% 7% 4% 8%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.05% 74.05% 74.05% 74.05%
7.16% 7.18% 7.29% 7.63% 7.71% 7.82% 7.95% 8.24% 8.27% 8.48% 8.96% 8.86%
1.14% 1.15% 1.18% 1.18% 1.18% 1.20% 1.19% 1.19% 1.30% 1.25% 1.27% 1.45%
17.66% 17.63% 17.49% 17.14% 17.06% 16.95% 16.83% 16.53% 16.39% 16.22% 15.71% 15.64%
No. of Shareholders 48,46948,26246,46545,15344,96044,35643,68640,49538,08633,32232,50034,104

* 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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