Binani Industries Ltd

Binani Industries Ltd

₹ 17.0 4.75%
29 Apr 9:43 a.m.
About

Incorporated in 1962, Binani Industries Ltd is in the business of Media, Logistics, Zinc, and Other products[1]

Key Points

Business Overview:[1]
BIL is the holding company of manufacturing businesses of Braj Binani Group. The group works in zinc, glass fibre and downstream composite products sectors. Company earns revenue through royalty income from its subsidiaries for usage of its brand name and also earns revenue for management services that it provides to its group companies

  • Market Cap 53.2 Cr.
  • Current Price 17.0
  • High / Low 25.2 / 13.2
  • Stock P/E
  • Book Value -60.0
  • Dividend Yield 0.00 %
  • ROCE -266 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -76.1% over past five 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: Miscellaneous Industry: Miscellaneous

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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
0.21 0.20 0.26 0.34 0.26 0.40 0.34 0.40 0.36 0.42 0.00 0.00 0.00
1.86 6.82 1.09 1.24 0.92 1.26 1.17 1.20 1.02 145.85 0.57 0.58 4.22
Operating Profit -1.65 -6.62 -0.83 -0.90 -0.66 -0.86 -0.83 -0.80 -0.66 -145.43 -0.57 -0.58 -4.22
OPM % -785.71% -3,310.00% -319.23% -264.71% -253.85% -215.00% -244.12% -200.00% -183.33% -34,626.19%
-76.82 407.38 0.97 0.97 1.81 181.56 0.00 0.00 0.03 0.82 0.01 0.00 0.00
Interest 0.78 0.77 0.84 0.83 0.85 0.85 0.91 0.90 0.90 0.90 0.00 0.00 0.00
Depreciation 0.11 0.11 0.09 0.07 0.07 0.02 0.06 0.06 0.08 0.02 0.00 0.00 0.00
Profit before tax -79.36 399.88 -0.79 -0.83 0.23 179.83 -1.80 -1.76 -1.61 -145.53 -0.56 -0.58 -4.22
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-79.36 399.88 -0.79 -0.83 0.23 179.83 -1.80 -1.76 -1.61 -145.53 -0.56 -0.58 -4.22
EPS in Rs -25.30 131.64 -0.25 -0.26 0.07 57.33 -0.57 -0.56 -0.51 -46.40 -0.18 -0.18 -1.35
Raw PDF

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
3,069 4,481 4,736 4,331 3,784 3,666 1,911 1,841 1,643 2 1 2 0
2,802 3,964 4,452 4,182 3,468 3,342 1,574 1,669 1,618 17 4 58 151
Operating Profit 267 517 284 149 316 324 337 172 25 -15 -3 -56 -151
OPM % 9% 12% 6% 3% 8% 9% 18% 9% 2% -798% -257% -3,742% -35,905%
79 55 -114 32 26 57 13 1,422 -835 300 185 -91 1
Interest 325 462 622 598 643 680 203 179 213 5 3 4 1
Depreciation 176 284 300 258 257 237 110 158 166 1 0 0 0
Profit before tax -155 -173 -752 -675 -557 -537 38 1,258 -1,189 280 178 -151 -151
Tax % -7% -20% 12% 4% 23% 13% 40% 13% -6% 0% 0% 0%
-166 -208 -663 -649 -432 -469 23 1,090 -1,255 280 178 -151 -151
EPS in Rs -56.08 -70.44 -220.66 -216.28 -140.85 -146.95 8.33 347.49 -395.75 93.36 56.89 -48.05 -48.11
Dividend Payout % -5% -4% -1% -1% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -55%
5 Years: -76%
3 Years: -90%
TTM: -72%
Compounded Profit Growth
10 Years: 6%
5 Years: %
3 Years: 23%
TTM: -2888%
Stock Price CAGR
10 Years: -14%
5 Years: -14%
3 Years: %
1 Year: -24%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 30 30 30 30 31 31 31 31 31 31 31 31 31
Reserves 368 155 -319 -1,173 -741 -1,684 -1,595 3 -625 -326 -163 -218 -220
Preference Capital 0 0 0 120 0 127 130 132 135 160 139 0
4,443 4,364 5,127 5,878 6,342 6,564 6,538 2,198 2,486 336 49 174 175
1,844 1,957 2,118 1,843 2,273 2,465 2,597 946 1,305 399 177 33 33
Total Liabilities 6,686 6,505 6,955 6,579 7,905 7,376 7,571 3,178 3,198 440 94 20 20
4,815 4,764 5,040 4,612 5,804 5,213 5,372 2,169 2,168 19 4 0 0
CWIP 236 284 352 291 258 259 292 142 196 4 0 0 0
Investments 1 0 0 0 30 28 27 25 25 74 0 0 0
1,634 1,457 1,563 1,676 1,813 1,876 1,880 842 809 343 90 20 20
Total Assets 6,686 6,505 6,955 6,579 7,905 7,376 7,571 3,178 3,198 440 94 20 20

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
521 584 214 -42 340 360 87 529 -26 -74 -3 -1
-2,186 -249 -245 3 -173 -196 -63 16 -188 67 -1 -2
1,645 -594 -53 165 -266 -199 -28 -567 209 -22 3 1
Net Cash Flow -20 -259 -83 126 -98 -36 -3 -21 -5 -30 -1 -2

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 16 9 17 31 62 81 159 18 25 17,339 156 2
Inventory Days 248 200 157 125 132 131 177 196 175 807 0 0
Days Payable 331 333 240 213 325 374 580 228 215 8,641
Cash Conversion Cycle -67 -124 -67 -57 -131 -163 -244 -14 -15 9,506 156 2
Working Capital Days -148 -103 -108 -62 -76 -72 -167 -33 -88 19,825 12,329 -5,188
ROCE % 4% 6% 1% -1% 2% 3% 5% 2% -3% -1% 2% -266%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.62% 52.62% 52.62% 52.62% 52.62% 52.62% 52.62% 52.62% 52.62% 52.62% 52.62% 52.62%
0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.32% 0.32%
1.76% 1.76% 1.76% 1.76% 1.76% 1.76% 1.76% 1.76% 1.76% 1.76% 1.76% 1.76%
45.30% 45.30% 45.30% 45.30% 45.30% 45.31% 45.30% 45.30% 45.31% 45.31% 45.30% 45.30%
No. of Shareholders 42,37442,35742,34942,33042,32442,30442,29041,24940,71240,21039,86839,671

* 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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