BHARAT BIJLEE 2018-19 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BHARAT BIJLEE 2018-19 Annual Report Analysis
Tue, 17 Sep

BHARAT BIJLEE has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

BHARAT BIJLEE Income Statement Analysis

  • Operating income during the year rose 20.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 72.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 6.2% in FY19 as against 4.3% in FY18.
  • Depreciation charges decreased by 10.0% and finance costs decreased by 12.3% YoY, respectively.
  • Other income grew by 39.9% YoY.
  • Net profit for the year declined by 31.9% YoY.
  • Net profit margins during the year declined from 7.7% in FY18 to 4.3% in FY19.

BHARAT BIJLEE Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 7,740 9,323 20.5%
Other income Rs m 212 296 39.9%
Total Revenues Rs m 7,952 9,619 21.0%
Gross profit Rs m 333 576 72.9%
Depreciation Rs m 93 84 -10.0%
Interest Rs m 193 169 -12.3%
Profit before tax Rs m 259 619 139.1%
Tax Rs m 117 204 74.2%
Profit after tax Rs m 610 415 -31.9%
Gross profit margin % 4.3 6.2
Effective tax rate % 45.2 32.9
Net profit margin % 7.7 4.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



BHARAT BIJLEE Balance Sheet Analysis

  • The company's current liabilities during FY19 down at Rs 4 billion as compared to Rs 4 billion in FY18, thereby witnessing an decrease of -6.1%.
  • Current assets rose 7% and stood at Rs 7 billion, while fixed assets rose 6% and stood at Rs 774 million in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 11 billion as against Rs 11 billion during FY18, thereby witnessing a growth of 3%.

BHARAT BIJLEE Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 6,914 7,520 8.8
 
Current Liabilities Rs m 4,211 3,953 -6.1
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 11,136 11,484 3.1
 
Current assets Rs m 6,326 6,753 6.8
Fixed Assets Rs m 728 774 6.2
Total Assets Rs m 11,136 11,484 3.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



BHARAT BIJLEE Cash Flow Statement Analysis

  • BHARAT BIJLEE's cash flow from operating activities (CFO) during FY19 stood at Rs 535 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -203 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -344 million on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -12 million from the Rs -96 million net cash flows seen during FY18.

BHARAT BIJLEE Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m -532 535 -
Cash Flow from Investing Activities Rs m 256 -203 -
Cash Flow from Financing Activities Rs m 180 -344 -
Net Cash Flow Rs m -96 -12 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for BHARAT BIJLEE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 73.5, an decline from the EPS of Rs 107.9 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 921.4, stands at 13.2 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.0 times, while the price to sales ratio stands at 0.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 10.4 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 1,369.9 1,650.1
TTM Earnings per share Rs 107.9 73.5
Diluted earnings per share Rs 107.9 73.5
Price to Cash Flow x 22.2 10.4
TTM P/E ratio x 13.2 13.2
Price / Book Value ratio x 1.1 1.0
Market Cap Rs m 5,206 5,206
Dividends per share (Unadj.) Rs 2.5 12.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for BHARAT BIJLEE

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.7x during FY19, from 1.5x during FY18. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 4.7x during FY19, from 2.3x during FY18. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 5.5% during FY19, from 8.8% during FY19. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company declined and down at 10.5% during FY19, from 13.3% during FY18. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company declined and down at 5.1% during FY19, from 7.2% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 1.5 1.7
Debtors’ Days Days 140 100
Interest coverage x 2.3 4.7
Debt to equity ratio x 0.0 0.0
Return on assets % 7.2 5.1
Return on equity % 8.8 5.5
Return on capital employed % 13.3 10.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how BHARAT BIJLEE has performed over the last 5 years, please visit here.

BHARAT BIJLEE Share Price Performance

Over the last one year, BHARAT BIJLEE share price has moved down from Rs 1,439.9 to Rs 921.4, registering a loss of Rs 518.5 or around 36.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,268.5 (down 0.2%). Over the last one year it has moved down from 18,429.3 to 17,268.5, a loss of 1,161 points (down 6.3%).

Overall, the S&P BSE SENSEX is down 1.5% over the year.

(To know more, check out historical annual results for BHARAT BIJLEE and quarterly results for BHARAT BIJLEE)

Equitymaster requests your view! Post a comment on "BHARAT BIJLEE 2018-19 Annual Report Analysis". Click here!

  

Related Views on News

BHARAT BIJLEE Announces Quarterly Results (2QFY20); Net Profit Up 11.7% (Quarterly Result Update)

Oct 29, 2019 | Updated on Oct 29, 2019

For the quarter ended September 2019, BHARAT BIJLEE has posted a net profit of Rs 68 m (up 11.7% YoY). Sales on the other hand came in at Rs 2 bn (down 17.2% YoY). Read on for a complete analysis of BHARAT BIJLEE's quarterly results.

BHARAT BIJLEE Announces Quarterly Results (1QFY20); Net Profit Down 16.7% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, BHARAT BIJLEE has posted a net profit of Rs 107 m (down 16.7% YoY). Sales on the other hand came in at Rs 2 bn (up 14.2% YoY). Read on for a complete analysis of BHARAT BIJLEE's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

More Views on News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

Elon Musk Gives Us a Trading Opportunity(Fast Profits Daily)

Jul 28, 2020

Elon Musk made a statement recently which I believe, gives us a fast profit trading opportunity.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

TRACK BHARAT BIJLEE

  • Track your investment in BHARAT BIJLEE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

BHARAT BIJLEE - ANSALDO STS COMPARISON

COMPARE BHARAT BIJLEE WITH

MARKET STATS