Bombay Super Hybrid Seeds Ltd

Bombay Super Hybrid Seeds Ltd

₹ 160 -1.75%
13 Dec - close price
About

Bombay Super Hybrid Seeds Ltd is engaged in processing seeds of various crops such as groundnut, onion, coriander, cumin, rajka, gram, wheat, sesame, and other agro seeds. Co.also advises the farmers for increasing their productivity. [1] [2]

Key Points

Product Portfolio
The company is engaged in the production, processing, and marketing of hybrid and GM seeds. It offers a range of over 150 products, including field crops and vegetable crops such as groundnut, chickpea, coriander, sesame, and maize. [1] [2] [3] [4]

  • Market Cap 1,677 Cr.
  • Current Price 160
  • High / Low 285 / 129
  • Stock P/E 72.3
  • Book Value 8.71
  • Dividend Yield 0.00 %
  • ROCE 23.9 %
  • ROE 33.0 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 61.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.1%

Cons

  • Stock is trading at 18.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low

* 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

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
17.18 62.79 29.67 102.16 21.02 68.96 35.78 116.67 33.76 76.34 30.12 156.77 28.21
16.09 59.44 27.07 93.29 19.65 61.00 32.45 103.87 30.84 67.12 26.61 143.19 25.12
Operating Profit 1.09 3.35 2.60 8.87 1.37 7.96 3.33 12.80 2.92 9.22 3.51 13.58 3.09
OPM % 6.34% 5.34% 8.76% 8.68% 6.52% 11.54% 9.31% 10.97% 8.65% 12.08% 11.65% 8.66% 10.95%
0.29 0.19 -0.11 0.03 0.07 0.21 0.37 0.03 0.07 0.14 0.75 0.29 1.07
Interest 0.17 0.33 0.95 0.73 0.19 0.73 1.38 1.25 0.88 0.99 1.45 1.56 1.37
Depreciation 0.45 0.45 -0.02 0.35 0.29 0.35 0.36 0.37 0.37 0.38 0.22 0.38 0.37
Profit before tax 0.76 2.76 1.56 7.82 0.96 7.09 1.96 11.21 1.74 7.99 2.59 11.93 2.42
Tax % 21.05% 2.90% 11.54% 5.88% 10.42% 6.21% 2.55% 5.17% 9.77% 13.89% -20.85% 6.79% 14.88%
0.60 2.68 1.38 7.36 0.86 6.65 1.91 10.64 1.57 6.88 3.13 11.12 2.07
EPS in Rs 0.06 0.26 0.13 0.70 0.08 0.63 0.18 1.01 0.15 0.66 0.30 1.06 0.20
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
31 63 110 82 75 103 171 191 228 256 291
30 62 108 79 70 97 162 178 206 228 262
Operating Profit 1 1 1 3 4 6 9 14 22 28 29
OPM % 3% 2% 1% 4% 6% 6% 5% 7% 9% 11% 10%
0 0 1 0 0 0 0 0 1 1 2
Interest 1 1 1 1 1 1 1 2 3 5 5
Depreciation 0 0 0 1 1 2 2 1 1 1 1
Profit before tax 0 0 1 2 3 3 6 11 18 24 25
Tax % 62% 37% 34% 35% 26% 23% 5% 5% 6% 6%
0 0 1 1 2 3 6 10 17 22 23
EPS in Rs 0.01 0.05 0.16 0.15 0.20 0.25 0.55 1.00 1.60 2.12 2.22
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 28%
3 Years: 15%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 62%
3 Years: 57%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: 81%
3 Years: 72%
1 Year: -40%
Return on Equity
10 Years: %
5 Years: 29%
3 Years: 33%
Last Year: 33%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 3 3 5 7 8 10 10 10 10 10
Reserves 0 0 1 3 14 15 18 29 46 68 81
6 7 12 16 13 16 30 39 53 48 37
1 4 4 7 4 8 13 19 24 36 33
Total Liabilities 8 15 20 31 38 47 73 98 133 162 162
2 3 5 4 9 9 8 7 9 7 9
CWIP 0 0 0 3 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0
7 12 15 24 29 38 64 91 124 155 153
Total Assets 8 15 20 31 38 47 73 98 133 162 162

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 -2 -5 -0 -8 -12 -8 12
-3 -2 -3 -1 -1 -0 -3 -2
2 5 7 1 14 7 10 -9
Net Cash Flow -0 2 -2 0 5 -5 -0 0

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 17 15 12 19 15 25 16 31 14 14
Inventory Days 55 50 30 71 143 121 169 281 497 406
Days Payable 3 12 8 13 5 6 7 30 51 27
Cash Conversion Cycle 70 52 34 76 152 140 179 282 460 393
Working Capital Days 67 41 34 67 118 106 100 139 161 169
ROCE % 10% 15% 14% 13% 13% 15% 19% 22% 24%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.19% 73.19% 73.27% 73.27% 73.80% 73.81% 73.81% 73.81% 73.81% 73.85% 73.85% 73.85%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.81% 26.80% 26.73% 26.74% 26.20% 26.19% 26.19% 26.19% 26.19% 26.15% 26.15% 26.15%
No. of Shareholders 1,2942,0041,7603,9638,91514,61114,70616,01016,46816,43716,43716,437

* 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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