Bombay Burmah Trading Corporation Ltd

Bombay Burmah Trading Corporation Ltd

₹ 1,580 -0.24%
25 Apr 3:26 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 11,024 Cr.
  • Current Price 1,580
  • High / Low 1,840 / 918
  • Stock P/E 17.3
  • Book Value 572
  • Dividend Yield 0.08 %
  • ROCE 15.5 %
  • ROE -70.0 %
  • Face Value 2.00

Pros

Cons

  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Company has a low return on equity of -18.7% 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: Auto Ancillaries Industry: Auto Ancillaries

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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
3,243 3,203 3,469 3,698 3,662 3,712 3,776 4,459 4,280 4,108 4,087 4,524 4,337
2,784 2,740 2,972 3,268 3,285 3,313 3,654 4,056 3,756 3,431 3,748 3,737 3,538
Operating Profit 459 464 497 430 376 399 121 403 524 678 339 787 799
OPM % 14% 14% 14% 12% 10% 11% 3% 9% 12% 16% 8% 17% 18%
90 67 85 137 59 85 150 118 483 -1,546 97 66 269
Interest 44 30 57 65 66 63 89 112 110 113 127 155 53
Depreciation 52 57 52 54 54 54 55 55 61 69 74 75 81
Profit before tax 453 444 472 448 316 367 128 353 836 -1,051 235 624 934
Tax % 35% 48% 41% 32% 43% 63% 100% 49% 26% -28% 71% 34% 22%
293 233 280 304 179 134 0 181 618 -1,348 68 412 731
EPS in Rs 10.06 8.12 12.88 16.64 -0.32 -7.43 -23.62 -8.63 22.60 -232.65 -22.38 17.49 65.46
Raw PDF

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
5,928 6,519 7,271 8,197 8,762 9,434 10,238 11,423 11,889 13,396 14,507 16,623 17,055
5,582 6,077 6,642 7,335 7,558 8,164 8,919 9,741 10,138 11,247 12,912 14,896 14,453
Operating Profit 345 442 629 861 1,204 1,270 1,319 1,683 1,751 2,150 1,595 1,727 2,603
OPM % 6% 7% 9% 11% 14% 13% 13% 15% 15% 16% 11% 10% 15%
248 76 88 295 161 186 201 391 440 338 384 -781 -1,113
Interest 78 71 43 41 44 43 55 60 124 151 252 425 448
Depreciation 74 83 94 155 126 131 153 172 200 213 213 239 298
Profit before tax 442 363 579 961 1,195 1,282 1,312 1,841 1,868 2,124 1,514 281 743
Tax % 26% 28% 31% 28% 34% 33% 41% 35% 31% 40% 47% 290%
330 260 402 696 792 858 773 1,189 1,280 1,278 809 -534 -137
EPS in Rs 32.97 18.96 29.68 51.15 55.36 60.45 39.76 89.00 85.75 52.96 9.09 -240.19 -172.08
Dividend Payout % 4% 16% 3% 2% 2% 2% 3% 1% 1% 2% 13% -0%
Compounded Sales Growth
10 Years: 10%
5 Years: 10%
3 Years: 12%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 58%
Stock Price CAGR
10 Years: 31%
5 Years: 4%
3 Years: 12%
1 Year: 57%
Return on Equity
10 Years: 0%
5 Years: -7%
3 Years: -19%
Last Year: -70%

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 1,077 1,133 1,280 1,552 1,899 3,664 3,950 4,403 5,080 5,462 5,483 4,020 3,976
1,252 985 787 883 793 1,014 1,024 956 2,045 2,670 5,880 6,542 5,527
1,086 1,291 1,601 2,043 2,442 2,699 3,344 4,054 4,190 4,271 3,874 5,103 4,667
Total Liabilities 3,429 3,423 3,682 4,493 5,148 7,391 8,332 9,427 11,329 12,418 15,251 15,678 14,185
1,637 1,758 1,875 1,878 1,989 2,217 2,373 2,717 2,889 2,802 2,763 3,638 3,736
CWIP 112 152 114 49 91 33 207 108 51 131 561 108 85
Investments 502 333 430 779 1,071 2,365 2,832 3,221 4,998 4,638 3,818 4,796 3,315
1,178 1,179 1,263 1,786 1,997 2,776 2,920 3,381 3,391 4,847 8,109 7,136 7,048
Total Assets 3,429 3,423 3,682 4,493 5,148 7,391 8,332 9,427 11,329 12,418 15,251 15,678 14,185

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
259 303 649 656 786 411 1,213 1,104 1,409 1,692 1,447 2,474
130 47 -299 -435 -667 -357 -967 -772 -1,643 -393 -2,993 -1,324
-343 -362 -391 -59 -304 -26 -221 -368 267 -866 1,494 -1,161
Net Cash Flow 47 -13 -41 162 -185 27 26 -35 33 433 -52 -12

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 10 10 9 9 10 9 13 15 11 9 10 9
Inventory Days 50 44 44 39 39 47 43 48 43 56 59 47
Days Payable 41 39 50 56 58 50 60 64 56 64 54 55
Cash Conversion Cycle 20 15 2 -8 -9 5 -4 -1 -1 1 14 1
Working Capital Days -15 -4 -6 -5 6 36 24 31 22 18 19 -5
ROCE % 13% 16% 24% 28% 36% 27% 21% 27% 24% 24% 15% 16%

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.

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