Bedmutha Industries Ltd

₹ 198 -1.94%

03 May - close price

About

Bedmutha Industries is a leading manufacturer & exporter of Wire Rope, Tyre Bead Wire, Galvanized Wires among other types of wires. It is also involved in EPC Projects and Consultancy division. The Co.’s products have use cases in several different industries like automotive, power, infrastructure, copper, retail, etc. ^[1]^[2]

Key Points

Product Portfolio
The company is a leading manufacturer & exporter under many divisions.
Retail: Galvanised Steel & M.S. Wires, Chain Link Fencing, Barbed Wires, Wire Nails, Stitching Wire, & Staple Wire.
Automotive: Spring Steel Wires Messenger Wires, High Carbon Rope Wires, Cold Heading Quality Wire, Bead Wire, etc.
Power: Cable Armour (Flat Wire), A.C.S.R. Core Wire Single & Stranded Stay Wire, Barbed Wires, earth wire, etc.
Copper: Copper Rod, copper wire rod, copper bus bar, etc.
Infrastructure: P.C. Strand, Annealed / Binding Wires,H.T. / P.C. Wires.
Wire Rope brochure. ^[1]

Website BSE NSE

Market Cap ₹ 638 Cr.
Current Price ₹ 198
High / Low ₹ 323 / 50.1
Stock P/E 36.3
Book Value ₹ 33.3
Dividend Yield 0.00 %
ROCE 12.8 %
ROE 12.9 %
Face Value ₹ 10.0

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Tax rate seems low
Promoters have pledged 95.1% of their holding.
Earnings include an other income of Rs.58.0 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: Steel Industry: Steel - Medium / Small

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Detailed Comparison with:

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
	110.20	118.68	144.18	189.14	153.16	173.69	172.07	168.24	155.47	191.01	191.89	199.05	191.62
	111.39	139.34	141.27	185.06	146.84	170.69	168.02	167.54	147.85	186.64	189.01	190.55	184.51
Operating Profit	-1.19	-20.66	2.91	4.08	6.32	3.00	4.05	0.70	7.62	4.37	2.88	8.50	7.11
OPM %	-1.08%	-17.41%	2.02%	2.16%	4.13%	1.73%	2.35%	0.42%	4.90%	2.29%	1.50%	4.27%	3.71%
	8.49	290.35	10.99	15.89	14.21	17.26	16.19	14.72	13.78	16.68	16.23	10.69	14.41
Interest	16.04	14.43	8.09	7.92	8.09	8.29	7.92	8.75	8.05	8.86	9.40	8.95	8.34
Depreciation	9.15	9.05	8.16	8.34	8.33	8.17	7.81	7.92	8.07	8.09	6.28	6.52	6.86
Profit before tax	-17.89	246.21	-2.35	3.71	4.11	3.80	4.51	-1.25	5.28	4.10	3.43	3.72	6.32
Tax %	-5.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-18.82	246.20	-2.36	3.71	4.11	3.79	4.51	-1.25	5.27	4.10	3.44	3.72	6.32
EPS in Rs	-7.67	76.31	-0.73	1.15	1.27	1.17	1.40	-0.39	1.63	1.27	1.07	1.15	1.96
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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
	209	215	222	321	500	642	603	490	359	387	660	687	774
	198	198	205	305	486	612	631	491	360	404	643	670	751
Operating Profit	10	17	17	17	15	30	-28	-1	-1	-17	16	17	23
OPM %	5%	8%	8%	5%	3%	5%	-5%	-0%	-0%	-4%	2%	2%	3%
	3	3	7	4	5	21	33	29	27	311	58	61	58
Interest	9	10	15	23	41	58	60	65	64	62	32	34	36
Depreciation	5	6	7	10	21	29	27	33	33	36	33	32	28
Profit before tax	-1	3	2	-12	-41	-36	-82	-71	-71	197	9	13	18
Tax %	71%	35%	31%	29%	3%	0%	0%	0%	0%	0%	0%	0%
	-0	2	1	-9	-40	-36	-82	-71	-71	196	9	13	18
EPS in Rs	-0.16	1.08	0.62	-4.07	-18.99	-14.72	-33.42	-28.89	-29.08	60.68	2.87	3.91	5.45
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	12%
5 Years:	3%
3 Years:	24%
TTM:	16%

Compounded Profit Growth
10 Years:	18%
5 Years:	17%
3 Years:	29%
TTM:	43%

Stock Price CAGR
10 Years:	35%
5 Years:	63%
3 Years:	102%
1 Year:	248%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	13%

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	21	21	21	21	21	25	25	25	25	32	32	32	32
Reserves	102	104	106	101	72	40	-42	-113	-184	46	55	68	75
Preference Capital	0	0	0	0	0	0	0	0	0	79	88	98
	90	112	183	250	333	398	482	509	505	228	188	154	244
	27	98	115	178	183	204	150	157	135	162	216	246	185
Total Liabilities	240	335	425	550	609	666	614	577	481	468	492	500	537
	62	101	102	100	265	242	274	241	209	190	165	146	159
CWIP	11	59	143	207	58	83	37	40	44	34	38	35	36
Investments	3	4	4	6	7	7	7	5	4	4	3	3	3
	164	170	175	236	279	334	296	291	223	240	285	317	340
Total Assets	240	335	425	550	609	666	614	577	481	468	492	500	537

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
	-6	5	39	29	-11	30	8	23	77	58	71	72
	-15	-88	-87	-75	-36	-30	-11	-2	-3	-6	-11	-8
	23	76	47	61	39	6	14	-42	-74	-53	-62	-57
Net Cash Flow	2	-6	-1	15	-8	6	11	-21	0	-0	-3	7

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	73	92	81	76	75	69	45	36	51	59	33	37
Inventory Days	111	96	104	127	84	65	24	37	53	46	42	47
Days Payable	48	175	110	165	119	104	70	40	25	63	62	74
Cash Conversion Cycle	136	13	76	38	40	30	-1	33	79	42	13	10
Working Capital Days	162	96	137	89	76	49	41	50	16	139	85	86
ROCE %	4%	6%	6%	3%	-0%	5%	-5%	-1%	-2%	71%	11%	13%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%	57.05%
	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.03%
	42.95%	42.95%	42.92%	42.95%	42.95%	42.95%	42.95%	42.95%	42.95%	42.96%	42.94%	42.92%
No. of Shareholders	5,018	4,678	5,364	5,732	5,672	5,552	5,714	5,739	5,743	5,451	5,472	6,173

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	72.20%	71.32%	71.32%	71.32%	57.05%	57.05%	57.05%	57.05%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%
	27.80%	28.68%	28.68%	28.67%	42.95%	42.95%	42.95%	42.92%
No. of Shareholders	5,585	5,659	5,470	5,196	4,599	5,732	5,739	6,173

* 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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Bedmutha Industries Ltd

Bedmutha Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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