Bedmutha Industries Ltd

₹ 205 2.74%

25 Apr - 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 ₹ 660 Cr.
Current Price ₹ 205
High / Low ₹ 323 / 50.1
Stock P/E 35.7
Book Value ₹ 33.2
Dividend Yield 0.00 %
ROCE 12.9 %
ROE 13.5 %
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

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
	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%
	-18.79	246.28	-2.33	3.72	4.10	3.89	4.60	-1.22	5.33	4.29	3.71	3.98	6.50
EPS in Rs	-7.66	76.33	-0.72	1.15	1.27	1.21	1.43	-0.38	1.65	1.33	1.15	1.23	2.01
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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
	238	220	226	327	500	642	603	490	360	387	660	687	774
	223	203	209	311	486	612	640	491	361	404	643	670	751
Operating Profit	15	18	17	16	15	30	-37	-1	-1	-17	16	17	23
OPM %	6%	8%	7%	5%	3%	5%	-6%	-0%	-0%	-4%	2%	2%	3%
	2	3	8	5	5	21	33	29	27	311	58	62	58
Interest	12	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	4	2	-12	-41	-36	-91	-70	-71	197	9	13	18
Tax %	-9%	35%	32%	29%	3%	-0%	-0%	-0%	-0%	0%	0%	0%
	-0	2	1	-9	-40	-36	-91	-70	-71	196	9	13	18
EPS in Rs	-0.58	0.33	0.52	-4.12	-18.93	-14.69	-35.40	-28.74	-29.03	60.75	2.91	4.03	5.72
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:	33%
5 Years:	16%
3 Years:	30%
TTM:	47%

Stock Price CAGR
10 Years:	35%
5 Years:	63%
3 Years:	100%
1 Year:	259%

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

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	21	21	21	21	21	25	25	25	25	32	32	32	32
Reserves	102	103	105	100	71	42	-45	-116	-186	45	54	67	75
Preference Capital	0	0	0	0	0	0	0	0	0	79	88	98
	93	119	184	250	333	398	482	509	505	228	188	154	244
	46	111	130	186	190	211	150	154	135	162	216	246	185
Total Liabilities	263	354	440	557	615	675	611	572	479	466	490	500	537
	61	102	103	101	265	243	274	241	210	190	165	146	159
CWIP	12	59	143	207	58	83	37	40	44	34	38	35	36
Investments	1	2	2	4	5	5	4	3	2	2	2	2	3
	188	190	192	245	287	345	295	287	223	240	285	317	340
Total Assets	263	354	440	557	615	675	611	572	479	466	490	500	537

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
	17	13	48	28	-14	29	7	23	77	58	71	72
	-15	-88	-87	-75	-36	-30	-11	-2	-3	-5	-11	-8
	5	71	47	58	39	6	14	-42	-74	-53	-62	-57
Net Cash Flow	7	-5	9	11	-11	6	9	-21	0	-0	-3	7

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	100	110	71	70	72	69	45	33	51	59	33	37
Inventory Days	103	99	117	125	86	66	24	37	53	46	42	47
Days Payable	49	191	112	162	119	105	70	36	25	63	62	74
Cash Conversion Cycle	155	19	76	33	38	31	-0	34	79	42	13	10
Working Capital Days	169	90	130	77	72	45	38	44	11	139	85	86
ROCE %	6%	6%	6%	3%	-0%	5%	-7%	-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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