Bedmutha Industries Ltd

₹ 214 0.09%

10 Oct 4:01 p.m.

About

Incorporated in 1990, Bedmutha Industries
Ltd is a manufacturer & exporter of steel and copper wires^[1]

Key Points

Business Overview:^[1]^[2]^[3]
BIL is an ISO 9001: 2008 certified manufacturer and exporter of G I Wire, ACSR Wire, Stay/Guy/Earth Wire 7,19,37 Wire Strands, Spring steel wire, Tyre bead wire, Wire for ropes, etc, and various types of wire and wire products.

Website BSE NSE

Market Cap ₹ 690 Cr.
Current Price ₹ 214
High / Low ₹ 323 / 122
Stock P/E 25.3
Book Value ₹ 37.3
Dividend Yield 0.00 %
ROCE 15.8 %
ROE 18.6 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 5.80 times its book value
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.52.2 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

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	144	189	153	174	172	168	155	191	192	199	192	229	243
	141	185	147	171	168	168	148	187	189	191	185	222	232
Operating Profit	3	4	6	3	4	1	8	4	3	8	7	8	11
OPM %	2%	2%	4%	2%	2%	0%	5%	2%	2%	4%	4%	3%	4%
	11	16	14	17	16	15	14	17	16	11	14	15	12
Interest	8	8	8	8	8	9	8	9	9	9	8	9	8
Depreciation	8	8	8	8	8	8	8	8	6	7	7	7	5
Profit before tax	-2	4	4	4	5	-1	5	4	3	4	6	7	10
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-2	4	4	4	5	-1	5	4	4	4	6	7	10
EPS in Rs	-0.72	1.15	1.27	1.21	1.43	-0.38	1.65	1.33	1.15	1.23	2.01	2.09	3.11
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	220	226	327	500	642	603	490	360	387	660	687	812	863
	203	209	311	486	612	640	491	361	404	643	670	785	829
Operating Profit	18	17	16	15	30	-37	-1	-1	-17	16	17	26	34
OPM %	8%	7%	5%	3%	5%	-6%	-0%	-0%	-4%	2%	2%	3%	4%
	3	8	5	5	21	33	29	27	311	58	62	57	52
Interest	10	15	23	41	58	60	65	64	62	32	34	35	34
Depreciation	6	7	10	21	29	27	33	33	36	33	32	27	25
Profit before tax	4	2	-12	-41	-36	-91	-70	-71	197	9	13	21	27
Tax %	35%	32%	-29%	-3%	0%	0%	0%	0%	0%	0%	0%	0%
	2	1	-9	-40	-36	-91	-70	-71	196	9	13	21	27
EPS in Rs	0.33	0.52	-4.12	-18.93	-14.69	-35.40	-28.74	-29.03	60.75	2.91	4.03	6.49	8.44
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	14%
5 Years:	11%
3 Years:	28%
TTM:	22%

Compounded Profit Growth
10 Years:	34%
5 Years:	18%
3 Years:	-53%
TTM:	125%

Stock Price CAGR
10 Years:	28%
5 Years:	84%
3 Years:	73%
1 Year:	39%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	15%
Last Year:	19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	21	21	21	21	25	25	25	25	32	32	32	32
Reserves	103	105	100	71	42	-45	-116	-186	45	54	67	88
	119	184	250	333	398	482	509	505	306	276	251	235
	111	130	186	190	211	150	154	135	83	128	149	211
Total Liabilities	354	440	557	615	675	611	572	479	466	490	500	566
	102	103	101	265	243	274	241	210	190	165	146	158
CWIP	59	143	207	58	83	37	40	44	34	38	35	25
Investments	2	2	4	5	5	4	3	2	2	2	2	3
	190	192	245	287	345	295	287	223	240	285	317	380
Total Assets	354	440	557	615	675	611	572	479	466	490	500	566

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	13	48	28	-14	29	7	23	77	58	71	72	74
	-88	-87	-75	-36	-30	-11	-2	-3	-5	-11	-8	-28
	71	47	58	39	6	14	-42	-74	-53	-62	-57	-51
Net Cash Flow	-5	9	11	-11	6	9	-21	0	-0	-3	7	-5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	110	71	70	72	69	45	33	51	59	33	37	47
Inventory Days	99	117	125	86	66	24	37	53	46	42	47	33
Days Payable	191	112	162	119	105	70	36	25	63	62	74	82
Cash Conversion Cycle	19	76	33	38	31	-0	34	79	42	13	10	-2
Working Capital Days	90	130	77	72	45	38	44	11	139	85	86	86
ROCE %	6%	6%	3%	-0%	5%	-7%	-1%	-2%	71%	11%	13%	16%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 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%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.03%	0.03%
	42.95%	42.92%	42.95%	42.95%	42.95%	42.95%	42.95%	42.95%	42.96%	42.94%	42.92%	42.94%
No. of Shareholders	4,678	5,364	5,732	5,672	5,552	5,714	5,739	5,743	5,451	5,472	6,173	6,218

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	72.20%	71.32%	71.32%	71.32%	57.05%	57.05%	57.05%	57.05%	57.05%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.03%
	27.80%	28.68%	28.68%	28.67%	42.95%	42.95%	42.95%	42.92%	42.94%
No. of Shareholders	5,585	5,659	5,470	5,196	4,599	5,732	5,739	6,173	6,218

* 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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