Birla Cable Ltd

About [ edit ]

Birla Cable is engaged in the Business of Optical Fibre Cable , Copper Cable.

  • Market Cap 187 Cr.
  • Current Price 62.3
  • High / Low 74.4 / 36.2
  • Stock P/E 94.9
  • Book Value 53.7
  • Dividend Yield 0.00 %
  • ROCE 3.21 %
  • ROE 0.60 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.16 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.31% over past five years.
  • Dividend payout has been low at 10.45% of profits over last 3 years

Peer comparison

Sector: Cables Industry: Cables - Telephone

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
114.26 117.48 140.39 144.08 100.36 43.25 71.37 49.53 58.93 57.17 67.55 84.85
98.89 99.83 114.89 118.53 90.05 38.47 66.39 46.08 55.22 51.76 63.70 80.77
Operating Profit 15.37 17.65 25.50 25.55 10.31 4.78 4.98 3.45 3.71 5.41 3.85 4.08
OPM % 13.45% 15.02% 18.16% 17.73% 10.27% 11.05% 6.98% 6.97% 6.30% 9.46% 5.70% 4.81%
Other Income 0.29 0.85 0.14 1.07 0.59 0.37 1.52 0.18 0.20 0.52 0.54 0.31
Interest 1.28 0.77 1.19 1.93 0.98 1.45 2.32 2.02 1.36 1.15 1.06 0.88
Depreciation 2.07 2.11 2.19 3.47 2.76 2.94 3.17 3.30 2.34 2.98 2.78 2.75
Profit before tax 12.31 15.62 22.26 21.22 7.16 0.76 1.01 -1.69 0.21 1.80 0.55 0.76
Tax % 27.54% 29.26% 29.38% 28.51% 28.91% 32.89% 2.97% 66.27% 61.90% 31.11% 40.00% 61.84%
Net Profit 8.91 11.06 15.72 15.17 5.09 0.51 0.99 -0.58 0.09 1.25 0.34 0.29
EPS in Rs 2.97 3.69 5.24 5.06 1.70 0.17 0.33 -0.19 0.03 0.42 0.11 0.10

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
118 99 66 75 124 291 264 250 211 325 502 223 268
120 93 69 74 113 255 235 223 198 290 423 206 251
Operating Profit -2 6 -2 2 11 35 29 26 14 35 79 17 17
OPM % -1% 6% -4% 2% 9% 12% 11% 11% 6% 11% 16% 8% 6%
Other Income 2 2 4 2 3 2 4 -2 3 1 3 2 2
Interest 2 1 2 5 5 9 8 7 3 4 5 7 4
Depreciation 4 4 4 4 4 5 6 7 8 8 11 12 11
Profit before tax -6 2 -4 -5 6 23 18 11 5 24 66 0 3
Tax % -1% 0% 0% 1% 0% 18% 32% 20% 39% 33% 29% -240%
Net Profit -6 2 -4 -5 6 19 12 8 3 16 47 1 2
EPS in Rs -1.92 0.76 -1.46 -1.61 1.90 6.41 4.17 2.83 1.11 5.38 15.68 0.34 0.66
Dividend Payout % 0% 0% 0% 0% 0% 16% 24% 35% 0% 19% 13% 0%
Compounded Sales Growth
10 Years:9%
5 Years:-3%
3 Years:2%
TTM:2%
Compounded Profit Growth
10 Years:-8%
5 Years:-40%
3 Years:-33%
TTM:-67%
Stock Price CAGR
10 Years:14%
5 Years:13%
3 Years:-4%
1 Year:58%
Return on Equity
10 Years:11%
5 Years:13%
3 Years:15%
Last Year:1%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
30 30 30 30 30 30 30 30 30 30 30 30 30
Reserves 33 36 31 27 32 48 57 62 66 91 142 126 131
Borrowings 27 24 22 29 34 48 58 67 40 45 59 75 48
17 12 9 19 44 106 73 73 73 92 110 50 62
Total Liabilities 108 102 93 105 141 232 218 232 209 258 341 281 271
26 32 35 32 30 38 41 61 55 60 67 85 80
CWIP 7 1 0 0 4 1 1 0 1 0 7 0 0
Investments 14 14 14 14 14 14 14 19 20 11 19 9 13
61 55 44 59 93 178 162 152 133 187 248 187 178
Total Assets 108 102 93 105 141 232 218 232 209 258 341 281 271

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
21 4 4 -5 3 4 8 29 30 -7 17 32
1 -2 -5 1 -3 -11 -10 -20 -5 6 -25 -19
-18 -3 -3 4 1 7 1 -1 -31 1 8 0
Net Cash Flow 4 -2 -4 0 1 -0 -1 7 -7 -0 -0 13

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -4% 4% -3% 0% 12% 29% 20% 14% 6% 19% 36% 3%
Debtor Days 68 87 89 134 110 118 113 111 118 117 118 133
Inventory Turnover 3.62 4.27 3.58 3.67 3.93 5.46 4.11 4.20 3.44 4.29 5.33 2.20

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
66.35 66.35 66.35 66.35 66.35 66.35 66.35 66.35 66.35 66.35 66.35 66.35
0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.03 0.02 0.15 0.17 0.19 0.14 0.12 0.13 0.05 0.01 0.01 0.01
33.62 33.58 33.49 33.48 33.46 33.51 33.53 33.52 33.59 33.64 33.64 33.64

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