BF Industrial Technology & Solutions Ltd

BF Industrial Technology & Solutions Ltd

₹ 16.4 -4.93%
30 Apr 2021
About

Sanghvi Forging & Engineering is engaged in the manufacturer of open and closed die forging products for the oil & gas, defense, ship building, power & other sectors. It also exports products to various foreign countries over the last two decades.

  • Market Cap 24.4 Cr.
  • Current Price 16.4
  • High / Low /
  • Stock P/E 1.53
  • Book Value 53.3
  • Dividend Yield 0.00 %
  • ROCE 22.5 %
  • ROE 22.5 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.31 times its book value
  • Company has delivered good profit growth of 21.9% CAGR over last 5 years

Cons

  • Earnings include an other income of Rs.8.49 Cr.
  • Working capital days have increased from -48.6 days to 75.8 days

* 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 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
12.58 14.53 13.30 10.04 18.41 19.44 17.69 18.67 13.75 9.46 6.67 13.37 20.10
12.51 14.23 12.99 11.15 15.30 17.66 12.88 13.79 12.95 14.75 8.00 12.82 20.29
Operating Profit 0.07 0.30 0.31 -1.11 3.11 1.78 4.81 4.88 0.80 -5.29 -1.33 0.55 -0.19
OPM % 0.56% 2.06% 2.33% -11.06% 16.89% 9.16% 27.19% 26.14% 5.82% -55.92% -19.94% 4.11% -0.95%
0.04 0.27 0.10 0.33 -0.29 0.12 0.04 0.43 -0.31 0.49 0.16 -0.08 0.07
Interest 4.00 4.86 0.21 0.49 0.19 14.82 0.85 0.63 0.55 0.46 0.29 0.34 -0.03
Depreciation 2.23 2.17 2.15 2.17 2.17 2.11 2.13 2.14 2.13 2.11 2.10 2.13 2.12
Profit before tax -6.12 -6.46 -1.95 -3.44 0.46 -15.03 1.87 2.54 -2.19 -7.37 -3.56 -2.00 -2.21
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%
-6.11 -6.47 -1.95 -3.44 0.47 -15.03 1.87 2.53 -2.20 -7.37 -3.56 -2.00 -2.21
EPS in Rs -4.10 -4.34 -1.31 -2.31 0.32 -10.09 1.26 1.70 -1.48 -4.95 -2.39 -1.34 -1.48
Raw PDF

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
51 45 54 87 68 55 55 61 60 55 63 100
42 39 48 71 55 52 53 57 54 73 71 88
Operating Profit 8 7 6 16 14 3 2 4 5 -17 -8 11
OPM % 17% 15% 12% 18% 20% 5% 3% 7% 9% -31% -13% 11%
1 1 0 0 1 0 1 0 1 1 38 8
Interest 1 4 9 16 16 17 17 16 2 0 0 0
Depreciation 1 2 7 8 8 9 9 9 9 8 5 3
Profit before tax 7 2 -10 -8 -10 -23 -23 -20 -5 -25 25 16
Tax % 32% 28% 22% 0% -0% 0% 0% 0% 0% 0% 3% 0%
5 1 -8 -8 -10 -23 -23 -20 -5 -25 24 16
EPS in Rs 3.75 1.08 -5.85 -5.72 -6.71 -15.12 -15.51 -13.40 -3.46 -16.55 16.23 10.97
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 13%
3 Years: 19%
TTM: 59%
Compounded Profit Growth
10 Years: 27%
5 Years: 22%
3 Years: 72%
TTM: 226%
Stock Price CAGR
10 Years: -1%
5 Years: -8%
3 Years: -5%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 22%

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
Equity Capital 13 13 13 14 15 15 15 15 15 15 90 90
Reserves 47 48 42 36 29 7 -17 -37 -42 -66 -27 -11
39 61 73 130 127 127 112 97 145 136 0 0
35 67 72 35 29 48 78 106 61 61 29 28
Total Liabilities 134 189 201 215 200 196 188 181 178 146 92 107
13 146 158 151 156 148 140 132 125 116 49 47
CWIP 54 7 8 10 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 1 0
67 36 35 54 43 47 48 49 54 29 42 60
Total Assets 134 189 201 215 200 196 188 181 178 146 92 107

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
14 46 11 -39 21 15 35 26 -58 8 -12 7
-44 -90 -18 -4 -3 -0 -1 -0 -1 -0 1 0
50 24 7 43 -18 -15 -34 -26 60 -9 11 0
Net Cash Flow 20 -20 0 0 -0 0 0 0 1 -1 1 7

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 66 85 80 108 75 138 130 117 90 60 106 108
Inventory Days 137 221 201 169 273 248 275 246 241 80 210 128
Days Payable 23 57 173 155 208 237 298 260 213 197 282 174
Cash Conversion Cycle 180 248 108 121 141 149 107 103 118 -57 34 62
Working Capital Days 40 25 -248 69 61 -21 -218 -360 -71 -266 44 76
ROCE % 13% 5% -0% 5% 4% -4% -5% -5% -3% -24% -17% 22%

Shareholding Pattern

Numbers in percentages

Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021
67.64% 67.64% 67.64% 67.66% 67.66% 67.68% 67.68% 67.70% 67.70% 67.69% 67.77% 61.06%
32.36% 32.36% 32.36% 32.34% 32.34% 32.32% 32.32% 32.30% 32.30% 32.31% 32.23% 38.94%
No. of Shareholders 4,9514,7674,6524,5804,5244,4194,3574,3114,3024,2034,0574,051

Documents