Bombay Burmah Trading Corporation Ltd

Bombay Burmah Trading Corporation Ltd

₹ 1,506 -0.36%
10 May - 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

Organic Tea recognised globally
BBTCL has a separate factory at Oothu - Singampatti estate for manufacturing organic tea, both black and green flavor. Oothu Tea estate is producing an approx 1 million kgs of organic tea annually. Its organic tea is very popular and in demand across the globe. [1]

  • Market Cap 10,505 Cr.
  • Current Price 1,506
  • High / Low 1,840 / 918
  • Stock P/E
  • Book Value 22.0
  • Dividend Yield 0.08 %
  • ROCE 3.76 %
  • ROE 93.7 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.3%
  • Company has been maintaining a healthy dividend payout of 160%

Cons

  • Stock is trading at 68.4 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.30% over past five years.
  • Earnings include an other income of Rs.132 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

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
63 57 51 74 69 142 56 62 62 64 58 72 60
62 61 51 82 72 93 60 73 75 74 64 84 78
Operating Profit 1 -4 -0 -9 -3 49 -4 -11 -13 -10 -6 -12 -18
OPM % 2% -6% -1% -12% -5% 34% -8% -17% -21% -16% -10% -16% -31%
15 11 18 7 43 15 12 8 11 110 10 9 2
Interest 23 17 19 18 23 23 22 20 23 23 20 18 14
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax -10 -12 -3 -22 14 39 -15 -24 -26 75 -18 -22 -31
Tax % 15% 14% 0% 0% 0% 47% 0% 0% 0% 0% 0% 0% 0%
-8 -11 -3 -22 14 21 -15 -24 -26 75 -18 -22 -31
EPS in Rs -1.17 -1.51 -0.48 -3.13 2.04 3.00 -2.19 -3.45 -3.78 10.68 -2.55 -3.20 -4.51
Raw PDF
Upcoming result date: 13 May 2024

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
260 244 275 241 241 260 208 242 214 208 302 245 254
249 225 255 232 260 271 236 253 253 223 274 283 301
Operating Profit 11 19 20 8 -19 -11 -28 -11 -39 -15 28 -38 -47
OPM % 4% 8% 7% 3% -8% -4% -13% -5% -18% -7% 9% -16% -18%
191 28 17 36 27 49 37 35 69 107 90 142 132
Interest 19 15 22 27 32 34 31 34 38 80 83 88 75
Depreciation 7 7 8 7 9 8 9 8 9 9 7 7 7
Profit before tax 177 25 7 10 -32 -4 -31 -19 -18 4 28 9 3
Tax % 23% 25% 29% 30% -2% 10% 16% -6% 4% 26% 65% 0%
136 19 5 7 -33 -3 -26 -20 -17 3 10 9 3
EPS in Rs 19.55 2.71 0.74 1.01 -4.69 -0.46 -3.70 -2.82 -2.44 0.40 1.42 1.26 0.42
Dividend Payout % 7% 111% 136% 99% -21% -218% -27% -35% -49% 299% 85% 95%
Compounded Sales Growth
10 Years: 0%
5 Years: 3%
3 Years: 5%
TTM: -21%
Compounded Profit Growth
10 Years: 32%
5 Years: 48%
3 Years: 138%
TTM: 3%
Stock Price CAGR
10 Years: 30%
5 Years: 5%
3 Years: 8%
1 Year: 57%
Return on Equity
10 Years: 3%
5 Years: 14%
3 Years: 30%
Last Year: 94%

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 256 255 252 244 261 313 277 243 220 216 197 192 140
161 164 191 357 331 334 358 414 500 1,045 1,012 954 689
41 69 57 59 45 45 49 55 59 72 82 103 109
Total Liabilities 472 501 513 674 650 706 699 726 793 1,346 1,305 1,262 952
59 99 107 111 116 114 109 111 114 117 118 79 78
CWIP 0 5 3 1 1 3 5 7 11 14 13 3 2
Investments 112 165 166 165 209 287 287 287 385 457 446 352 353
300 231 238 396 324 302 298 321 282 758 728 828 519
Total Assets 472 501 513 674 650 706 699 726 793 1,346 1,305 1,262 952

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
-22 -26 32 -15 -8 42 -19 -41 -21 -16 51 -40
247 10 -64 -20 24 15 25 5 -12 -410 103 170
-141 -24 -19 84 -64 -35 -19 31 37 467 -118 -161
Net Cash Flow 84 -40 -51 49 -48 22 -14 -5 4 40 36 -31

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 19 60 58 74 66 49 70 72 62 76 57 76
Inventory Days 211 382 292 441 334 189 300 371 348 402 185 203
Days Payable 30 82 80 117 93 48 92 76 90 111 70 66
Cash Conversion Cycle 201 359 270 398 307 191 277 367 319 367 172 213
Working Capital Days 186 92 133 206 350 257 356 336 58 1,073 660 610
ROCE % 7% 7% 6% 7% -0% 1% -2% 2% 3% 8% 7% 4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.04% 74.05% 74.05% 74.05%
7.69% 7.16% 7.18% 7.29% 7.63% 7.71% 7.82% 7.95% 8.24% 8.27% 8.48% 8.96%
1.15% 1.14% 1.15% 1.18% 1.18% 1.18% 1.20% 1.19% 1.19% 1.30% 1.25% 1.27%
17.11% 17.66% 17.63% 17.49% 17.14% 17.06% 16.95% 16.83% 16.53% 16.39% 16.22% 15.71%
No. of Shareholders 42,65448,46948,26246,46545,15344,96044,35643,68640,49538,08633,32232,500

* 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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