Bartronics India

₹24.1 0.5 | 2%

WEBSITE BSE:532694 NSE : BARTRONICSIN 18 May, 12:50

Market Cap ₹734 Cr.

Stock P/E 1.7

P/B 1.4

Current Price ₹24.1

Book Value ₹ 17.3

Face Value 1

52W High ₹28.7

Dividend Yield 0%

52W Low ₹ 7.8

Edit Ratio

Bartronics India Research see more...

Overview Inc. Year: 1990Industry: IT - Software

Bartronics India Ltd is a leading technology solutions company based in India. With a strong focus on innovation and customer-centric approach, the company specializes in providing cutting-edge solutions in the fields of Automatic Identification and Data Capture (AIDC) technologies, Radio Frequency Identification (RFID), smart card solutions, and enterprise mobility. Bartronics India offers a wide range of products and services, including barcode scanners, RFID readers, biometric systems, smart cards, and software applications. These solutions cater to diverse industries such as healthcare, retail, logistics, manufacturing, and government sectors. The company's expertise lies in enabling businesses to optimize their operations, enhance productivity, and improve overall efficiency through the implementation of advanced technology solutions. With a strong commitment to quality and reliability, Bartronics India has established a reputation for delivering innovative and customized solutions that meet the unique requirements of its clients.

Bartronics India Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Bartronics India Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	15	18	15	16	16	18	15	14	11	12
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	15	18	15	16	16	18	15	14	12	12
Total Expenditure	14	16	14	15	15	16	14	13	12	12
Operating Profit	1	2	1	2	2	2	1	1	-0	0
Interest	13	13	13	13	13	13	13	13	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	460
Profit Before Tax	-13	-12	-13	-13	-13	-12	-13	-13	-1	459
Provision for Tax	0	-1	-0	-0	-0	-0	1	-0	-0	19
Profit After Tax	-13	-11	-13	-13	-12	-12	-14	-13	-1	440
Adjustments	0	-0	0	0	0	-0	0	0	-0	0
Profit After Adjustments	-13	-11	-13	-13	-12	-12	-14	-13	-1	440
Adjusted Earnings Per Share	-3.8	-3.2	-3.9	-3.7	-3.7	-3.6	-4	-3.8	-0.3	14.4

Bartronics India Profit & Loss

#(Fig in Cr.)	Sep 2012	Sep 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1163	153	108	110	85	75	73	66	63	65	52	52
Other Income	34	63	62	76	0	2	0	3	0	0	1	0
Total Income	1197	216	170	186	85	77	73	69	63	66	53	53
Total Expenditure	1117	235	156	98	75	61	89	59	57	60	50	51
Operating Profit	80	-18	14	88	10	16	-16	10	6	6	3	2
Interest	74	51	70	56	52	52	52	52	52	52	26	26
Depreciation	73	53	57	11	6	6	5	5	4	4	4	4
Exceptional Income / Expenses	0	0	0	-57	-4	0	0	0	0	0	460	460
Profit Before Tax	-67	-122	-113	-36	-51	-42	-74	-47	-50	-51	432	432
Provision for Tax	4	-45	-15	-2	-0	-0	-8	4	-1	-1	19	20
Profit After Tax	-71	-77	-99	-33	-51	-42	-66	-51	-49	-50	412	412
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-71	-77	-99	-33	-51	-42	-66	-51	-49	-50	412	412
Adjusted Earnings Per Share	-21	-22.5	-29	-9.8	-15	-12.3	-19.5	-15.1	-14.5	-14.8	13.5	6.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-20%	-8%	-7%	-27%
Operating Profit CAGR	-50%	-33%	-28%	-28%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	161%	110%	33%	12%
ROE Average	139%	12%	-7%	-15%
ROCE Average	52%	18%	10%	4%

Bartronics India Balance Sheet

#(Fig in Cr.)	Sep 2012	Sep 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	464	364	262	239	197	180	159	148	94	66	528
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	36	15	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	38	4	-11	-14	-15	-16	-24	-19	-21	-21	-2
Total Current Liabilities	1279	1492	1315	1432	1448	1302	1321	1451	1485	1552	222
Total Liabilities	1817	1875	1566	1656	1631	1467	1456	1580	1558	1598	748
Fixed Assets	374	323	267	258	248	239	234	227	223	218	199
Other Non-Current Assets	219	163	161	151	155	155	158	154	154	154	4
Total Current Assets	1224	1389	1138	1248	1227	1072	1064	1200	1182	1226	546
Total Assets	1817	1875	1566	1656	1631	1467	1456	1580	1558	1598	748

Bartronics India Cash Flow

#(Fig in Cr.)	Sep 2012	Sep 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	11	29	23	5	6	7	6	7	9	11	15
Cash Flow from Operating Activities	81	94	123	-8	4	-4	9	61	2	4	-4
Cash Flow from Investing Activities	-3	-56	-24	5	-1	4	43	10	0	0	1
Cash Flow from Financing Activities	-60	-44	-117	4	-2	0	-52	-69	-0	0	-2
Net Cash Inflow / Outflow	18	-6	-18	1	1	-0	0	2	2	4	-6
Closing Cash & Cash Equivalent	29	23	5	6	7	6	7	9	11	15	10

Bartronics India Ratios

#	Sep 2012	Sep 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-20.96	-22.52	-28.98	-9.83	-14.98	-12.29	-19.48	-15.06	-14.46	-14.77	13.54
CEPS(Rs)	0.6	-6.92	-12.13	-6.55	-13.11	-10.55	-17.89	-13.72	-13.2	-13.52	13.68
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	136.34	107	76.85	70.06	57.92	52.8	46.76	43.55	27.53	19.52	17.34
Core EBITDA Margin(%)	3.99	-53.16	-44.44	11.11	11.61	18.14	-21.67	10.16	9.4	8.63	3.74
EBIT Margin(%)	0.58	-46.59	-40.12	18.51	0.55	13.12	-28.41	8.2	3.02	2.31	870.43
Pre Tax Margin(%)	-5.77	-79.5	-104.92	-32.27	-58.43	-54.52	-97.27	-68.9	-79.58	-77.61	820.62
PAT Margin (%)	-6.13	-49.9	-91.2	-30.24	-57.98	-54.01	-87.1	-75.39	-77.61	-76.72	783.63
Cash Profit Margin (%)	0.18	-15.35	-38.18	-20.15	-50.73	-46.37	-79.97	-68.7	-70.85	-70.21	791.57
ROA(%)	-4.08	-4.15	-5.73	-2.08	-3.1	-2.7	-4.54	-3.38	-3.14	-3.19	35.16
ROE(%)	-14.11	-18.51	-31.52	-13.38	-23.41	-22.2	-39.14	-33.35	-40.68	-62.79	138.69
ROCE(%)	0.58	-6.5	-4.45	2.24	0.05	1.15	-2.5	0.54	0.16	0.13	52.39
Receivable days	294.58	2897.29	4030.72	3689.01	4806.43	4817.78	4420.74	5422.27	6106.23	5941.57	4939.39
Inventory Days	3.83	12.49	21.23	24.92	27.14	22.19	18.52	16.98	16.13	18.44	14.14
Payable days	160.27	1313.02	3389.96	1981.78	5519.74	9899.5	4753.98	6262.54	0	0	0
PER(x)	0	0	0	0	0	0	0	0	0	0	0.47
Price/Book(x)	0.19	0.07	0.15	0.12	0.24	0.18	0.14	0.01	0.09	0.28	0.37
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.63	4.57	6.09	6.63	8.97	9.22	10.15	15.7	17.31	17.68	3.51
EV/Core EBITDA(x)	9.12	-37.94	47.18	8.26	73.48	43.21	-45.4	102.59	175.36	200.05	71.99
Net Sales Growth(%)	30.96	-86.82	-29.42	1.65	-22.45	-11.59	-3.79	-8.82	-5.02	4.18	-19.87
EBIT Growth(%)	-95.81	-1159.78	39.36	147.21	-97.64	2001.86	-312.94	125.76	-65.62	-20.95	0
PAT Growth(%)	-164.89	-7.42	-28.69	66.08	-52.43	17.98	-58.55	22.71	3.98	-2.17	919.87
EPS Growth(%)	-164.89	-7.42	-28.69	66.08	-52.43	17.98	-58.55	22.71	3.98	-2.17	191.65
Debt/Equity(x)	1.45	1.92	2.39	2.96	3.67	3.72	4.53	7.05	11.63	17.36	0
Current Ratio(x)	0.96	0.93	0.87	0.87	0.85	0.82	0.81	0.83	0.8	0.79	2.46
Quick Ratio(x)	0.95	0.93	0.86	0.87	0.84	0.82	0.8	0.82	0.79	0.79	2.46
Interest Cover(x)	0.09	-1.42	-0.62	0.36	0.01	0.19	-0.41	0.11	0.04	0.03	17.48
Total Debt/Mcap(x)	7.85	29.29	16.32	23.76	15.17	20.57	32.55	479.68	130.65	62.54	0

Bartronics India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	10.55	10.55	10.55	10.55	0	90	90	90	90	90
FII	0	0	0	0	0	0	0	0	0	0
DII	1.95	1.95	1.95	1.95	2.18	0.22	0.22	0.22	0.22	0.22
Public	87.5	87.5	87.5	87.5	97.81	9.78	9.78	9.78	9.78	9.78
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.36	0.36	0.36	0.36	0	27.41	27.41	27.41	27.41	27.41
FII	0	0	0	0	0	0	0	0	0	0
DII	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Public	2.98	2.98	2.98	2.98	2.98	2.98	2.98	2.98	2.98	2.98
Others	0	0	0	0	0	0	0	0	0	0
Total	3.4	3.4	3.4	3.4	3.05	30.46	30.46	30.46	30.46	30.46

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.

* 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.