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Compare Bharat Electric with GRINDWELL NORTON - Equitymaster
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BHARAT ELECTRONICS vs GRINDWELL NORTON - Comparison Results

BHARAT ELECTRONICS    Change

Bharat Electronics Ltd. (BEL), is a strategic electronics company of the Ministry of Defence. The company specialises in the manufacture of radar systems, communication transmittor-cum-receivers, and studio equipment. It also operates in civilian se... More

GRINDWELL NORTON 
   Change

Grindwell Norton Ltd. (GNL) is a 51% subsidiary of Compaigne de Saint-Gobain (a Euro 30 bn French company) which manufactures bonded abrasives, coated abrasive products, super abrasives, engineered ceramics, and engineered fluids. The company's manuf... More

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Current Valuations

    BHARAT ELECTRONICS GRINDWELL NORTON BHARAT ELECTRONICS/
GRINDWELL NORTON
 
P/E (TTM) x 20.4 43.6 46.7% View Chart
P/BV x 4.5 6.3 71.7% View Chart
Dividend Yield % 1.4 0.8 182.8%  

Financials

 BHARAT ELECTRONICS   GRINDWELL NORTON
EQUITY SHARE DATA
    BHARAT ELECTRONICS
Mar-17
GRINDWELL NORTON
Mar-17
BHARAT ELECTRONICS/
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs1,665749 222.4%   
Low Rs1,084309 351.1%   
Sales per share (Unadj.) Rs387.4114.1 339.6%  
Earnings per share (Unadj.) Rs68.210.9 624.6%  
Cash flow per share (Unadj.) Rs77.714.7 527.2%  
Dividends per share (Unadj.) Rs2.254.00 56.3%  
Dividend yield (eoy) %0.20.8 21.6%  
Book value per share (Unadj.) Rs346.380.7 429.4%  
Shares outstanding (eoy) m223.36110.72 201.7%   
Bonus/Rights/Conversions BBB-  
Price / Sales ratio x3.54.6 76.6%   
Avg P/E ratio x20.248.4 41.6%  
P/CF ratio (eoy) x17.735.9 49.3%  
Price / Book Value ratio x4.06.6 60.5%  
Dividend payout %3.336.6 9.0%   
Avg Mkt Cap Rs m306,97558,527 524.5%   
No. of employees `0009.71.9 525.2%   
Total wages/salary Rs m15,5941,702 916.2%   
Avg. sales/employee Rs Th8,906.96,829.0 130.4%   
Avg. wages/employee Rs Th1,605.0920.1 174.4%   
Avg. net profit/employee Rs Th1,567.9653.5 239.9%   
INCOME DATA
Net Sales Rs m86,54012,634 685.0%  
Other income Rs m4,345309 1,408.3%   
Total revenues Rs m90,88512,942 702.2%   
Gross profit Rs m17,7261,931 917.8%  
Depreciation Rs m2,116423 500.9%   
Interest Rs m12920 640.8%   
Profit before tax Rs m19,8261,797 1,103.1%   
Minority Interest Rs m2630-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m4,855588 825.3%   
Profit after tax Rs m15,2341,209 1,260.1%  
Gross profit margin %20.515.3 134.0%  
Effective tax rate %24.532.7 74.8%   
Net profit margin %17.69.6 184.0%  
BALANCE SHEET DATA
Current assets Rs m140,6916,748 2,085.0%   
Current liabilities Rs m87,4862,615 3,345.7%   
Net working cap to sales %61.532.7 187.9%  
Current ratio x1.62.6 62.3%  
Inventory Days Days20671 290.2%  
Debtors Days Days18437 500.6%  
Net fixed assets Rs m17,5563,743 469.0%   
Share capital Rs m2,234554 403.5%   
"Free" reserves Rs m75,1248,377 896.8%   
Net worth Rs m77,3588,930 866.2%   
Long term debt Rs m16719 868.2%   
Total assets Rs m175,96312,099 1,454.4%  
Interest coverage x154.990.4 171.4%   
Debt to equity ratio x00 100.2%  
Sales to assets ratio x0.51.0 47.1%   
Return on assets %8.710.2 85.9%  
Return on equity %19.713.5 145.5%  
Return on capital %26.120.3 128.4%  
Exports to sales %5.00-   
Imports to sales %00-   
Exports (fob) Rs m4,325NA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m4,3251,953 221.5%   
Fx outflow Rs m31,7053,866 820.0%   
Net fx Rs m-27,381-1,913 1,431.0%   
CASH FLOW
From Operations Rs m-6071,611 -37.7%  
From Investments Rs m31,145-328 -9,489.5%  
From Financial Activity Rs m-28,56825 -115,193.5%  
Net Cashflow Rs m1,9690-  

Share Holding

Indian Promoters % 75.0 7.7 974.0%  
Foreign collaborators % 0.0 51.3 -  
Indian inst/Mut Fund % 17.8 10.1 175.5%  
FIIs % 1.9 3.0 63.3%  
ADR/GDR % 0.0 0.0 -  
Free float % 5.4 27.9 19.4%  
Shareholders   25,439 12,133 209.7%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare BHARAT ELECTRONICS With:   INDO TECH TRANS.  SWELECT ENERGY SYSTEMS  HAVELLS IND  BATLIBOI LTD  KENNAMETAL INDIA  

Compare BHARAT ELECTRONICS With:   ANSALDO STS (Italy)  SHANGHAI ELEC. (China)  DONGFANG ELEC. (China)  ABB (Switz.)  



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