BEW Engineering Ltd

BEW Engineering Ltd

₹ 1,601 -3.02%
23 Feb - close price
About

Established in 2011, BEW Engineering Ltd. is engaged in the design and manufacturing engineers of Pharmaceutical & Chemical plants and process equipments. The Company designs and manufactures special range of filtration mixing and drying equipment’s specifically used in Pharmaceuticals Sterile Applications, Intermediate Compounds Fine Chemicals, Agro Chemicals,Pesticides, Insecticides, Dyes etc.

Key Points

Product Portfolio
The Company’s major products are Agitated Pressure, Nutsche Filter Dryer, Rotocone Vacuum Filter Dryers, Cantilever Rotocone Vacuum Dryer, Retractable Plough Shear Mixer, Dryer Agitated Pan Dryer Rotary Vacuum Paddle Dryer, and Spherical Dryer..[1]

  • Market Cap 466 Cr.
  • Current Price 1,601
  • High / Low 1,935 / 560
  • 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 8.04 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

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Half Yearly Results

Figures in Rs. Crores

Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
19 41 46 53 48 58 66
16 35 41 47 40 51 57
Operating Profit 2 6 5 6 7 7 8
OPM % 11% 15% 11% 11% 16% 12% 13%
0 -0 0 1 0 1 0
Interest 2 2 2 2 2 2 2
Depreciation 0 0 0 0 0 0 0
Profit before tax 0 3 3 5 5 5 6
Tax % 23% 32% 29% 26% 25% 25% 26%
0 2 2 4 4 4 4
EPS in Rs 1.08 11.55 7.98 14.07 14.14 14.22 14.35
Raw PDF

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: 181%
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%

Shareholding Pattern

Numbers in percentages

Sep 2021Mar 2022Sep 2022Mar 2023Jun 2023Sep 2023
60.56% 60.56% 60.56% 60.56% 53.67% 60.56%
39.44% 39.44% 39.44% 39.44% 46.33% 39.44%
No. of Shareholders 164247281366560533

Documents