BPL Ltd

BPL Ltd

₹ 112 8.00%
26 Apr - close price
About

Incorporated in 1963, BPL Ltd is in the business of manufacturing Printed Circuit Boards[1]

Key Points

Business Overview:[1]
BPL is in the business of consumer electronic durable products and manufacturing of Printed Circuit Boards (PCBs). The end-user industries for manufactured PCBs are the lighting and automotive industry. It manufactures high precision hermetically sealed panel meters for defense applications. It has also diversified into the manufacturing of medical products like electro-cardiographs as well as into infrastructure development in power and telecommunication.

  • Market Cap 549 Cr.
  • Current Price 112
  • High / Low 128 / 56.4
  • Stock P/E 34.6
  • Book Value 50.7
  • Dividend Yield 0.00 %
  • ROCE 7.08 %
  • ROE 2.85 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -15.9% over past five years.
  • Company has a low return on equity of -0.54% over last 3 years.
  • Contingent liabilities of Rs.175 Cr.
  • Earnings include an other income of Rs.8.99 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
10.35 14.91 5.96 9.72 13.28 9.26 12.14 11.86 12.88 15.34 14.45 21.49 14.42
10.34 12.59 6.41 9.38 12.03 10.34 10.30 9.60 11.49 13.83 11.34 11.51 12.23
Operating Profit 0.01 2.32 -0.45 0.34 1.25 -1.08 1.84 2.26 1.39 1.51 3.11 9.98 2.19
OPM % 0.10% 15.56% -7.55% 3.50% 9.41% -11.66% 15.16% 19.06% 10.79% 9.84% 21.52% 46.44% 15.19%
0.33 0.14 0.13 3.19 0.14 7.52 0.21 0.37 0.20 8.51 0.13 0.20 0.15
Interest 0.71 0.55 0.49 0.44 0.41 0.38 0.39 0.32 0.39 0.33 0.18 0.14 0.15
Depreciation 0.42 0.41 0.42 0.42 0.42 0.42 0.41 0.55 0.50 0.23 0.47 0.48 0.51
Profit before tax -0.79 1.50 -1.23 2.67 0.56 5.64 1.25 1.76 0.70 9.46 2.59 9.56 1.68
Tax % 0.00% 1,394.67% 0.00% 0.00% 0.00% -93.97% 0.00% 0.00% 0.00% 78.75% 0.00% 0.00% 0.00%
-0.78 -19.43 -1.23 2.67 0.56 10.95 1.25 1.76 0.70 2.01 2.59 9.56 1.68
EPS in Rs -0.16 -3.97 -0.25 0.55 0.11 2.24 0.26 0.36 0.14 0.41 0.53 1.95 0.34
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
76 94 45 24 40 94 124 140 95 44 38 52 66
86 99 53 23 41 116 114 137 111 41 38 46 49
Operating Profit -10 -5 -8 1 -1 -22 10 3 -16 2 0 7 17
OPM % -14% -5% -18% 3% -2% -24% 8% 2% -17% 5% 0% 13% 26%
74 39 14 9 16 80 15 3 2 1 11 10 9
Interest 4 3 0 0 1 4 2 2 2 2 2 1 1
Depreciation 8 2 1 2 0 1 0 0 1 2 2 2 2
Profit before tax 52 30 4 8 14 53 23 4 -17 -1 8 13 23
Tax % -17% 135% 3,061% 0% 159% 1% 68% 75% 122% -3,874% -69% 57%
61 -10 -127 8 -8 53 7 1 4 -21 13 6 16
EPS in Rs 12.47 -2.10 -26.04 1.59 -1.73 10.86 1.50 0.19 0.77 -4.39 2.65 1.17 3.23
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -16%
3 Years: -18%
TTM: 42%
Compounded Profit Growth
10 Years: 10%
5 Years: 13%
3 Years: 33%
TTM: 8%
Stock Price CAGR
10 Years: 22%
5 Years: 37%
3 Years: 48%
1 Year: 81%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: -1%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 49 49 49 49 49 49 49 49 49 49 49 49 49
Reserves 159 149 21 29 21 109 116 117 121 100 117 187 199
Preference Capital 170 170 170 170 170 0 0 0 0 0 0 0
25 0 0 0 7 24 6 9 12 13 10 2 8
215 207 198 188 225 196 189 192 195 194 190 191 188
Total Liabilities 448 404 268 266 301 377 360 367 377 355 366 429 444
26 20 15 12 12 10 8 8 24 23 21 24 24
CWIP 0 0 0 0 0 0 0 4 0 0 0 0 2
Investments 115 115 136 21 21 56 56 56 56 56 175 240 240
306 268 117 233 269 312 296 299 296 277 170 165 178
Total Assets 448 404 268 266 301 377 360 367 377 355 366 429 444

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-30 -13 7 -121 -20 -60 4 -7 8 1 -0 6
112 42 10 122 14 57 15 -4 -12 0 4 4
-80 -28 -21 -0 6 14 -20 2 0 -1 -4 -10
Net Cash Flow 2 1 -4 1 -1 11 -1 -9 -3 0 -1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 63 71 28 1,766 1,054 45 28 51 38 131 125 97
Inventory Days 70 47 20 53 57 101 54 44 33 72 80 52
Days Payable 110 44 118 247 133 68 50 49 61 135 61 75
Cash Conversion Cycle 22 75 -70 1,573 978 78 32 45 10 67 143 74
Working Capital Days 21 56 -1 1,824 844 -211 -138 -90 -219 -470 -538 -625
ROCE % -4% -1% -0% 1% 1% 1% 6% 3% -9% 1% 6% 7%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.24% 63.24% 63.24% 63.24% 63.24% 63.21% 63.17% 63.13% 63.13% 63.13% 63.13% 63.13%
0.00% 0.01% 0.07% 0.01% 0.00% 0.12% 0.00% 0.06% 0.01% 0.00% 0.03% 0.01%
0.51% 0.51% 0.50% 0.50% 0.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
36.25% 36.24% 36.19% 36.24% 36.25% 36.65% 36.83% 36.81% 36.85% 36.86% 36.83% 36.86%
No. of Shareholders 31,91436,38942,39843,12441,72440,68841,46641,42240,80440,25237,97539,450

* 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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