Bombay Burmah Trading Corporation Ltd

₹ 905 -0.17%
16 Aug 12:13 p.m.
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 6,317 Cr.
  • Current Price 905
  • High / Low 1,245 / 840
  • Stock P/E 12.7
  • Book Value 788
  • Dividend Yield 0.13 %
  • ROCE 18.0 %
  • ROE 1.15 %
  • Face Value 2.00

Pros

  • Stock is trading at 1.13 times its book value

Cons

  • The company has delivered a poor sales growth of 9.04% over past five years.
  • Company has a low return on equity of 6.63% for last 3 years.
  • Dividend payout has been low at 5.63% of profits 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.

Peer comparison

Sector: Diversified Industry: Diversified - Large

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
2,785 3,123 3,050 2,932 3,462 3,488 3,243 3,203 3,469 3,698 3,662 3,716 3,780
2,398 2,671 2,589 2,527 2,811 2,909 2,784 2,740 2,972 3,200 3,285 3,317 3,657
Operating Profit 387 452 460 405 650 580 459 464 497 498 376 399 122
OPM % 14% 14% 15% 14% 19% 17% 14% 14% 14% 13% 10% 11% 3%
81 106 211 89 101 80 90 67 85 137 59 86 150
Interest 24 29 33 37 36 45 44 30 57 65 66 63 89
Depreciation 48 48 50 54 51 52 52 57 52 54 54 55 55
Profit before tax 396 481 588 403 664 563 453 444 472 516 316 367 128
Tax % 38% 21% 35% 32% 30% 49% 35% 48% 41% 28% 43% 63% 100%
Net Profit 122 184 201 91 198 45 70 57 90 184 -2 -52 -165
EPS in Rs 17.50 26.41 28.85 12.98 28.37 6.41 10.06 8.12 12.88 26.40 -0.32 -7.43 -23.62

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
5,148 5,928 6,519 7,271 8,197 8,762 9,434 10,238 11,423 11,889 13,396 14,544 14,855
4,919 5,582 6,077 6,642 7,335 7,558 8,164 8,919 9,741 10,138 11,247 12,939 13,460
Operating Profit 228 345 442 629 861 1,204 1,270 1,319 1,683 1,751 2,150 1,605 1,395
OPM % 4% 6% 7% 9% 11% 14% 13% 13% 15% 15% 16% 11% 9%
231 248 76 88 295 161 186 201 391 440 338 376 431
Interest 101 78 71 43 41 44 43 55 60 124 151 252 283
Depreciation 83 74 83 94 155 126 131 153 172 200 213 215 217
Profit before tax 275 442 363 579 961 1,195 1,282 1,312 1,841 1,868 2,124 1,514 1,326
Tax % 29% 26% 28% 31% 28% 34% 33% 41% 35% 31% 40% 47%
Net Profit 118 230 132 207 357 386 422 277 621 598 370 63 -35
EPS in Rs 16.85 32.97 18.96 29.68 51.15 55.36 60.45 39.76 89.00 85.75 52.96 9.09 -4.97
Dividend Payout % 8% 4% 16% 3% 2% 2% 2% 3% 1% 1% 2% 13%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 8%
TTM: 11%
Compounded Profit Growth
10 Years: -7%
5 Years: -32%
3 Years: -53%
TTM: 91%
Stock Price CAGR
10 Years: 24%
5 Years: 0%
3 Years: 4%
1 Year: -19%
Return on Equity
10 Years: 11%
5 Years: 8%
3 Years: 7%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
14 14 14 14 14 14 14 14 14 14 14 14
Reserves 886 1,077 1,131 1,280 1,552 1,899 3,664 3,950 4,403 5,080 5,462 5,483
1,385 1,252 985 787 883 793 1,014 1,024 956 2,045 2,670 5,880
920 1,086 1,293 1,601 2,043 2,442 2,699 3,344 4,054 4,190 4,271 3,874
Total Liabilities 3,205 3,429 3,423 3,682 4,493 5,148 7,391 8,332 9,427 11,329 12,418 15,251
1,560 1,637 1,758 1,875 1,878 1,989 2,217 2,373 2,717 2,889 2,802 2,763
CWIP 16 112 152 114 49 91 33 207 108 51 131 561
Investments 559 502 333 430 779 1,071 2,365 2,832 3,221 4,998 4,638 3,818
1,070 1,178 1,179 1,263 1,786 1,997 2,776 2,920 3,381 3,391 4,847 8,109
Total Assets 3,205 3,429 3,423 3,682 4,493 5,148 7,391 8,332 9,427 11,329 12,418 15,251

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-35 259 303 649 656 786 411 1,213 1,104 1,409 1,692 1,447
-260 130 47 -299 -435 -667 -357 -967 -772 -1,643 -393 -2,993
86 -343 -362 -391 -59 -304 -26 -221 -368 267 -866 1,494
Net Cash Flow -209 47 -13 -41 162 -185 27 26 -35 33 433 -52

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 12 10 10 9 9 10 9 13 15 11 9 10
Inventory Days 52 50 44 44 39 39 47 43 48 43 56 59
Days Payable 27 41 39 50 56 58 50 60 64 56 64 54
Cash Conversion Cycle 37 20 15 2 -8 -9 5 -4 -1 -1 1 14
Working Capital Days 11 -15 -4 -6 -5 6 36 24 31 22 18 19
ROCE % 13% 14% 18% 29% 36% 48% 36% 28% 37% 32% 30% 18%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
65.72 65.93 65.93 65.93 65.93 65.93 65.93 65.93 65.93 65.93 65.93 65.93
6.31 6.24 6.77 6.67 6.89 7.26 7.51 7.68 7.16 7.18 7.29 7.63
1.26 1.18 1.20 1.21 1.16 1.14 1.14 1.15 1.14 1.15 1.18 1.18
26.71 26.66 26.10 26.19 26.02 25.67 25.42 25.23 25.77 25.73 25.60 25.26

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