BEW Engineering Ltd
Incorporated in 2011, BEW Engineering Ltd designs and manufactures special range of filtration mixing and drying equipments[1]
- Market Cap ₹ 466 Cr.
- Current Price ₹ 1,600
- High / Low ₹ 1,935 / 780
- Stock P/E 59.4
- Book Value ₹ 199
- Dividend Yield 0.00 %
- ROCE 24.9 %
- ROE 31.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 60.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.9%
- Promoter holding has increased by 6.89% over last quarter.
Cons
- Stock is trading at 8.03 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 27.9 to 43.8 days.
* 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: Engineering Industry: Engineering
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|
| 52 | 51 | 59 | 59 | 99 | 106 | 123 | |
| 48 | 46 | 55 | 51 | 88 | 91 | 108 | |
| Operating Profit | 4 | 5 | 4 | 8 | 11 | 15 | 15 |
| OPM % | 7% | 9% | 7% | 14% | 11% | 14% | 12% |
| 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 2 | 3 | 3 | 3 | 3 | 5 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 4 | 8 | 10 | 11 |
| Tax % | 27% | 18% | 27% | 40% | 28% | 25% | |
| 1 | 1 | 1 | 2 | 6 | 7 | 8 | |
| EPS in Rs | 5.11 | 4.80 | 4.46 | 12.39 | 21.85 | 28.36 | 28.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 21% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 60% |
| 3 Years: | 123% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 77% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 34% |
| Last Year: | 32% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 2 | 3 | 3 | 3 |
| Reserves | 3 | 4 | 4 | 8 | 17 | 24 | 55 |
| 14 | 22 | 24 | 29 | 27 | 42 | 45 | |
| 17 | 24 | 31 | 34 | 47 | 60 | 46 | |
| Total Liabilities | 35 | 51 | 61 | 73 | 94 | 129 | 149 |
| 12 | 12 | 12 | 11 | 10 | 11 | 20 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 2 | 3 | 3 | 3 |
| 23 | 39 | 49 | 59 | 80 | 115 | 126 | |
| Total Assets | 35 | 51 | 61 | 73 | 94 | 129 | 149 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 2 | -4 | 2 | 8 | 2 | -0 | |
| 0 | -1 | -0 | -0 | -1 | -1 | |
| -1 | 5 | -0 | -9 | -1 | 2 | |
| Net Cash Flow | 1 | 1 | 1 | -1 | -0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 30 | 33 | 17 | 23 | 17 | 44 |
| Inventory Days | 136 | 238 | 276 | 389 | 304 | 394 |
| Days Payable | 122 | 137 | 159 | 163 | 165 | 196 |
| Cash Conversion Cycle | 43 | 133 | 135 | 248 | 156 | 241 |
| Working Capital Days | 36 | 96 | 97 | 157 | 123 | 192 |
| ROCE % | 17% | 14% | 22% | 26% | 25% |
Business Overview:[1]
BEW designs and manufactures special range of filtration, mixing and drying equipment specifically used in Pharmaceuticals, Sterile Applications, Intermediate Compounds, Fine Chemicals, Chemicals, Agro Chemicals, Pesticides, Insecticides, Dyes and Food Products