Bhagyanagar Properties Ltd

Bhagyanagar Properties Ltd

₹ 42.2 0.24%
09 Dec 2022
About

Bhagyanagar Properties Limited, incorporated in 2006 is into the business of buying, selling and leasing of properties. The Co. was demerged from Bhagyanagar India Limited on 1st April 2016, previously BPL was the real estate division of BIL.[1] [2]

Key Points

Revenue in FY 20
Lease Rent - 30%
Profit on sale of assets - 70%
The Co. also sold investments worth 1.4 cr in FY 20.[1]

  • Market Cap 135 Cr.
  • Current Price 42.2
  • High / Low /
  • Stock P/E 23.2
  • Book Value 39.1
  • Dividend Yield 0.00 %
  • ROCE 4.13 %
  • ROE 3.14 %
  • Face Value 2.00

Pros

  • Stock is trading at 1.08 times its book value
  • Promoter holding has increased by 15.9% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 4.03% over last 3 years.

* 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: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
6.91 0.99 3.40 1.01 2.52 1.34 1.51 1.89 2.05 2.11 2.15 5.12 2.12
0.82 0.94 1.44 0.66 0.74 0.98 1.42 1.75 0.75 0.51 1.18 0.84 1.04
Operating Profit 6.09 0.05 1.96 0.35 1.78 0.36 0.09 0.14 1.30 1.60 0.97 4.28 1.08
OPM % 88.13% 5.05% 57.65% 34.65% 70.63% 26.87% 5.96% 7.41% 63.41% 75.83% 45.12% 83.59% 50.94%
0.03 2.10 0.06 0.00 0.00 0.00 1.30 0.49 0.43 0.35 0.53 0.26 0.34
Interest 0.43 0.76 0.33 0.47 0.49 0.29 0.66 0.27 0.38 0.42 0.36 0.43 0.41
Depreciation 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Profit before tax 5.65 1.34 1.64 -0.17 1.24 0.02 0.68 0.31 1.30 1.48 1.09 4.06 0.96
Tax % 20.00% 9.70% -56.10% -11.76% 12.90% -150.00% -72.06% 51.61% 23.85% 23.65% -55.05% 5.17% 36.46%
4.53 1.21 2.56 -0.19 1.09 0.05 1.18 0.16 1.00 1.13 1.69 3.84 0.61
EPS in Rs 1.39 0.37 0.81 -0.07 0.33 -0.02 0.36 0.02 0.24 0.28 0.46 0.89 0.38
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2.49 0.86 9.06 14.31 6.39 8.19 11.50
1.07 0.79 2.65 4.13 3.80 4.18 3.57
Operating Profit 1.42 0.07 6.41 10.18 2.59 4.01 7.93
OPM % 57.03% 8.14% 70.75% 71.14% 40.53% 48.96% 68.96%
0.00 0.57 0.40 2.20 1.30 1.80 1.48
Interest 0.02 0.02 0.08 1.81 1.91 1.62 1.62
Depreciation 0.02 0.02 0.04 0.17 0.19 0.19 0.20
Profit before tax 1.38 0.60 6.69 10.40 1.79 4.00 7.59
Tax % 19.57% 20.00% 2.39% 6.73% -18.44% 5.50%
1.12 0.50 6.53 9.70 2.12 3.79 7.27
EPS in Rs 0.35 0.16 2.04 3.03 0.66 1.18 2.01
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 27%
3 Years: -3%
TTM: 69%
Compounded Profit Growth
10 Years: %
5 Years: 27%
3 Years: -17%
TTM: 185%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: 12%
1 Year: %
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 4%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity Capital 6.40 6.40 6.40 6.40 6.40 6.40
Reserves 92.99 93.77 90.51 109.91 111.85 114.73
4.30 4.30 7.06 18.64 6.54 21.40
5.15 4.70 6.31 9.05 14.35 15.60
Total Liabilities 108.84 109.17 110.28 144.00 139.14 158.13
100.57 100.94 94.80 79.55 89.77 100.87
CWIP 0.24 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00
8.03 8.23 15.48 64.45 49.37 57.26
Total Assets 108.84 109.17 110.28 144.00 139.14 158.13

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-1.15 3.70 7.28 6.71 7.10 6.79
5.05 0.39 -2.68 25.74 -7.72 -10.19
-4.08 -4.02 0.34 -37.36 1.40 2.70
Net Cash Flow -0.18 0.08 4.95 -4.90 0.77 -0.71

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 4.40 29.71 16.92 15.05 26.85 20.50
Inventory Days
Days Payable
Cash Conversion Cycle 4.40 29.71 16.92 15.05 26.85 20.50
Working Capital Days 76.22 -1,209.59 -94.67 -15.05 -303.31 -291.91
ROCE % 0.57% 6.39% 8.94% 2.37% 4.13%

Shareholding Pattern

Numbers in percentages

Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 90.87%
0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.87% 0.02% 0.87%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.28%
24.13% 24.13% 24.13% 24.13% 24.13% 24.13% 24.13% 24.13% 24.13% 24.13% 24.98% 7.98%
No. of Shareholders 8,6018,4338,6048,5258,3268,0648,0427,9018,2828,4148,1077,611

* 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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