Bombay Dyeing & Manufacturing Company Ltd

Bombay Dyeing & Manufacturing Company Ltd

₹ 216 -3.38%
12 Jul - close price
About

Bombay Dyeing & Manufacturing Company is currently engaged in the business of Real Estate Development, Polyester Staple Fibre and Retail (Textiles).[1]

Key Points

Business Segments FY23
Polyester Staple Fibre (PSF) (62%)[1]
The Company is one of the seven producers of PSF in the country with a market share of ~12%. The cpacity utilization remained at ~92%. [2] [3]

  • Market Cap 4,452 Cr.
  • Current Price 216
  • High / Low 228 / 108
  • Stock P/E
  • Book Value 90.7
  • Dividend Yield 0.56 %
  • ROCE 1.45 %
  • ROE -94.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company's working capital requirements have reduced from 141 days to 17.3 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.5% over past five years.
  • Earnings include an other income of Rs.4,057 Cr.
  • Company's cost of borrowing seems high

* 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: Textiles Industry: Textiles - Manmade

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
499 381 496 526 598 606 745 652 670 498 441 369 381
452 378 469 476 528 594 737 612 766 495 425 393 425
Operating Profit 47 3 27 51 70 13 8 40 -95 3 15 -24 -44
OPM % 9% 1% 5% 10% 12% 2% 1% 6% -14% 1% 4% -7% -12%
9 15 14 -166 10 40 36 6 21 6 82 3,898 71
Interest 151 134 140 140 109 121 129 139 135 115 148 58 5
Depreciation 9 8 8 8 8 8 8 8 9 8 8 8 8
Profit before tax -103 -125 -107 -264 -37 -76 -93 -101 -219 -113 -59 3,807 14
Tax % -61% 14% 13% 18% -12% -1% -0% -0% -12% -6% 11% 20% -369%
-167 -108 -93 -217 -42 -77 -93 -101 -246 -120 -52 3,054 66
EPS in Rs -8.07 -5.22 -4.52 -10.52 -2.02 -3.72 -4.50 -4.88 -11.92 -5.80 -2.52 147.87 3.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,385 1,848 1,924 2,662 4,430 1,895 1,193 2,001 2,674 1,688
2,132 1,660 1,647 2,077 2,722 1,567 1,167 1,850 2,708 1,738
Operating Profit 253 187 276 585 1,708 327 26 151 -35 -49
OPM % 11% 10% 14% 22% 39% 17% 2% 8% -1% -3%
58 46 27 -105 45 51 90 -129 102 4,057
Interest 232 290 368 413 489 554 588 524 523 326
Depreciation 47 34 32 30 30 33 34 33 33 31
Profit before tax 31 -90 -97 38 1,234 -209 -507 -534 -489 3,650
Tax % 34% -1% -30% 7% 0% 257% 7% 14% -6% 19%
20 -91 -127 35 1,228 328 -469 -460 -517 2,949
EPS in Rs 0.99 -4.41 -6.13 1.70 60.12 15.87 -22.71 -22.29 -25.02 142.77
Dividend Payout % 81% -11% -11% 59% 2% 1% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: -18%
3 Years: 12%
TTM: -37%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 13%
TTM: 43%
Stock Price CAGR
10 Years: 11%
5 Years: 17%
3 Years: 30%
1 Year: 90%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -94%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 41 41 41 41 41 41 41 41 41 41
Reserves 1,511 1,245 293 596 168 46 -210 -772 -1,287 1,833
1,835 2,519 2,542 2,803 3,971 4,153 4,172 4,442 3,642 3
698 654 761 707 1,000 561 635 520 598 684
Total Liabilities 4,085 4,459 3,637 4,147 5,181 4,800 4,639 4,231 2,994 2,560
879 631 572 556 528 521 488 466 442 575
CWIP 75 72 75 74 5 1 1 0 0 14
Investments 54 54 773 950 1,062 377 474 367 194 747
3,077 3,701 2,218 2,566 3,586 3,901 3,677 3,397 2,357 1,225
Total Assets 4,085 4,459 3,637 4,147 5,181 4,800 4,639 4,231 2,994 2,560

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
48 -436 169 -451 -774 99 604 522 861 355
-89 49 120 559 190 271 141 6 177 3,532
29 405 -254 -154 600 -398 -591 -268 -1,320 -3,965
Net Cash Flow -12 18 36 -47 16 -28 153 260 -282 -78

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 41 47 26 29 90 138 200 54 36 11
Inventory Days 244 258 149 126 574 822 1,252 490 194 69
Days Payable 165 113 126 108 136 104 236 91 64 101
Cash Conversion Cycle 120 193 48 47 527 855 1,217 453 166 -21
Working Capital Days 112 144 13 215 196 501 408 297 110 17
ROCE % 5% 10% 19% 45% 8% 1% 6% 1% 1%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.66% 53.66% 53.57% 53.66% 53.66% 53.67% 53.67% 53.60% 53.60% 53.60% 53.58% 53.58%
0.03% 0.13% 0.44% 0.52% 0.60% 0.58% 0.14% 0.36% 1.39% 0.98% 0.97% 1.92%
3.76% 3.72% 0.49% 0.37% 0.34% 2.50% 2.06% 1.96% 1.72% 1.54% 1.27% 1.42%
42.55% 42.49% 45.50% 45.45% 45.40% 43.25% 44.16% 44.10% 43.31% 43.90% 44.18% 43.06%
No. of Shareholders 1,53,7751,65,1251,53,1361,54,5691,51,4481,54,9601,57,6261,56,4531,40,7261,48,1231,45,5431,35,374

* 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.

Click on the line-items to see the names of individual entities.

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