Bhagwati Autocast

₹414 -1.4 | 0.3%

WEBSITE BSE:504646 NSE : BHAGWATI AUT 18 May, 12:50

Market Cap ₹119 Cr.

Stock P/E 29.5

P/B 3.3

Current Price ₹414

Book Value ₹ 127.4

Face Value 10

52W High ₹675.6

Dividend Yield 0.48%

52W Low ₹ 295

Edit Ratio

Bhagwati Autocast Research see more...

Overview Inc. Year: 1981Industry: Castings/Forgings

Bhagwati Autocast Limited (BAL) is a leading manufacturer of high duty grey iron castings for industries like tractors, automobiles, and power. BAL was established in 1981 as a public limited company in Gujarat, and obtained the Certificate of Commencement of Business in 1982. BAL has a machine moulding unit in Ahmedabad with an annual capacity of 18000 tonnes, using Disa Flex-70 high pressure line. BAL’s promoters are Dr. Ing. P.N. Bhagwati, a Ph.D. in foundry engineering from Aachen, Germany, and his family members, who hold 73.89% stake in the company. BAL’s management team comprises of Ms. Reena P. Bhagwati as the managing director, Mr. Mehul C. Naliyadhara as the company secretary and compliance officer, and six independent directors. BAL’s achievements include winning awards for overall excellence and performance from ESCORTS and KUBOTA, two of its major customers in the tractor industry.

Bhagwati Autocast Share Price

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Peer Comparison

Bhagwati Autocast Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	33	35	22	23	45	42	29	38	40	24
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	33	35	22	23	45	42	29	38	40	24
Total Expenditure	32	33	24	22	41	38	27	34	35	24
Operating Profit	1	2	-2	1	4	4	3	4	4	0
Interest	0	0	0	0	0	0	0	0	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	0
Profit Before Tax	1	1	-3	0	3	3	2	3	3	-1
Provision for Tax	0	0	-1	0	1	1	0	1	3	-1
Profit After Tax	0	1	-2	0	2	2	1	2	1	0
Adjustments	0	0	0	-0	-0	-0	0	0	0	0
Profit After Adjustments	0	1	-2	0	2	2	1	2	1	0
Adjusted Earnings Per Share	1.3	2.1	-7.5	0.8	8	6.9	4.1	7.1	2.8	0

Bhagwati Autocast Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	69	82	64	64	70	90	120	101	104	112	154	131
Other Income	1	0	0	0	0	0	0	0	0	0	0	0
Total Income	70	82	64	64	70	90	120	101	104	112	154	131
Total Expenditure	65	72	64	60	65	85	112	94	99	111	140	120
Operating Profit	5	10	0	4	5	5	8	6	5	2	15	11
Interest	1	1	1	1	1	1	1	1	0	1	1	0
Depreciation	2	2	3	2	2	2	2	2	2	2	3	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	7	-4	1	2	1	5	3	2	-1	11	7
Provision for Tax	1	2	-1	0	1	0	1	1	1	-0	3	3
Profit After Tax	1	5	-3	1	1	1	4	2	2	-1	8	4
Adjustments	0	0	0	0	0	0	0	-0	0	-0	-0	0
Profit After Adjustments	1	5	-3	1	1	1	4	2	2	-1	8	4
Adjusted Earnings Per Share	5.1	16.1	-9	2.7	4.4	3.9	12.8	7.5	6	-3.3	26.8	14

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	38%	15%	11%	8%
Operating Profit CAGR	650%	36%	25%	12%
PAT CAGR	0%	59%	52%	23%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	30%	42%	26%	24%
ROE Average	25%	9%	10%	8%
ROCE Average	27%	11%	13%	11%

Bhagwati Autocast Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	17	22	19	19	21	21	25	27	28	27	34
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	2	1	2	1	0	0	0	1	0	11	8
Other Non-Current Liabilities	3	3	1	2	2	2	1	1	1	1	2
Total Current Liabilities	23	29	23	21	20	29	26	24	26	25	23
Total Liabilities	45	56	45	43	43	52	53	53	56	64	68
Fixed Assets	17	20	18	16	15	14	15	16	15	34	31
Other Non-Current Assets	1	1	0	0	0	1	1	0	1	0	0
Total Current Assets	26	35	27	27	28	37	36	37	40	30	37
Total Assets	45	56	45	43	43	52	53	53	56	64	68

Bhagwati Autocast Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	1	0	0	1	1	0	0	0	0
Cash Flow from Operating Activities	1	2	3	2	-1	4	4	6	5	7	12
Cash Flow from Investing Activities	-1	-4	-1	-1	-1	-2	-4	-2	-2	-20	-0
Cash Flow from Financing Activities	-1	2	-2	-1	2	-2	-0	-4	-2	12	-9
Net Cash Inflow / Outflow	-0	-0	-0	-0	0	0	-1	0	-0	-0	3
Closing Cash & Cash Equivalent	1	1	0	0	1	1	0	0	0	0	3

Bhagwati Autocast Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	5.1	16.14	-8.95	2.72	4.44	3.85	12.81	7.51	5.97	-3.32	26.8
CEPS(Rs)	11.06	22.53	1.62	11.04	12.23	11.19	20.91	15.86	14.04	4.91	36.34
DPS(Rs)	0.7	0.9	0.5	0.7	0.8	0.8	1	1	1	1	2
Book NAV/Share(Rs)	59.82	74.91	64.96	66.84	71.75	74.6	86.47	92.73	98.13	93.75	119.49
Core EBITDA Margin(%)	4.9	10.27	0.24	5.76	6.5	4.67	6.93	6.29	4.9	1.37	9.55
EBIT Margin(%)	4.13	8.31	-3.87	2.49	3.71	2.6	5.03	4.02	2.71	-0.66	7.82
Pre Tax Margin(%)	2.65	7.29	-4.85	1.65	2.8	1.57	4.11	3.03	2.28	-1.19	7.02
PAT Margin (%)	1.84	5.03	-3.54	1.08	1.61	1.2	3.08	2.15	1.65	-0.85	5
Cash Profit Margin (%)	3.99	7.02	0.64	4.37	4.43	3.49	5.02	4.54	3.88	1.26	6.78
ROA(%)	3.32	9.26	-5.13	1.78	2.96	2.33	6.99	4.08	3.15	-1.59	11.68
ROE(%)	8.84	23.96	-12.8	4.13	6.4	5.26	15.91	8.38	6.25	-3.46	25.14
ROCE(%)	14.29	28.81	-10.2	7.26	10.94	8.18	19.17	12.1	8.55	-1.88	26.62
Receivable days	66.06	71.93	99.91	94.68	92.66	99.51	89.7	106.51	108.37	88.01	56.22
Inventory Days	23.96	22.76	29.34	24.72	22.28	23.44	18.97	22.32	21.03	19.58	14.88
Payable days	140.7	134.68	166.03	175.55	152.01	135.86	108.51	132.73	132	105.69	75.42
PER(x)	4.02	2.4	0	19.1	18.33	29.1	10.93	14.96	23.34	0	11.01
Price/Book(x)	0.34	0.52	0.68	0.78	1.13	1.5	1.62	1.21	1.42	1.81	2.47
Dividend Yield(%)	3.41	2.32	1.14	1.35	0.98	0.71	0.71	0.89	0.72	0.59	0.68
EV/Net Sales(x)	0.16	0.23	0.29	0.31	0.45	0.44	0.41	0.38	0.43	0.6	0.6
EV/Core EBITDA(x)	2.2	1.99	82.88	4.77	6.04	8.69	5.84	5.92	8.66	41.12	6.26
Net Sales Growth(%)	19.23	18.46	-21.35	-0.12	9.43	27.1	34.02	-16.22	3.86	7.46	37.6
EBIT Growth(%)	76.01	132.85	-136.67	164.36	63	-18.91	151.43	-32.96	-29.95	-126.04	1736.38
PAT Growth(%)	88.35	216.71	-155.45	130.41	62.93	-13.19	232.76	-41.42	-20.49	-155.7	906.44
EPS Growth(%)	88.35	216.71	-155.45	130.41	62.93	-13.19	232.76	-41.42	-20.49	-155.7	906.45
Debt/Equity(x)	0.36	0.39	0.35	0.28	0.42	0.36	0.35	0.24	0.17	0.68	0.31
Current Ratio(x)	1.17	1.19	1.16	1.28	1.41	1.27	1.38	1.53	1.52	1.19	1.59
Quick Ratio(x)	0.93	0.98	0.93	1.08	1.14	1.05	1.15	1.27	1.31	0.93	1.32
Interest Cover(x)	2.79	8.13	-3.98	2.95	4.08	2.54	5.49	4.05	6.34	-1.23	9.79
Total Debt/Mcap(x)	1.05	0.75	0.52	0.36	0.37	0.24	0.22	0.2	0.12	0.38	0.13

Bhagwati Autocast Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.14	73.14	73.32	73.32	73.44	73.75	73.89	73.89	73.89	73.89
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	26.86	26.86	26.68	26.68	26.56	26.25	26.11	26.11	26.11	26.11
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	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.21
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
Others	0	0	0	0	0	0	0	0	0	0
Total	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29

Pros

Company has delivered good profit growth of 51% CAGR over last 5 years
Debtor days have improved from 105.69 to 75.42days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 9% over the last 3 years.
Stock is trading at 3.3 times its book value.

* 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.

Bhagwati Autocast News

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Bhagwati Autocast

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Bhagwati Autocast Research see more...

Overview Inc. Year: 1981Industry: Castings/Forgings

Bhagwati Autocast Share Price

Alert Data

Quarterly Price

Peer Comparison

Bhagwati Autocast Quarterly Results

Bhagwati Autocast Profit & Loss

Growth Rates

Bhagwati Autocast Balance Sheet

Bhagwati Autocast Cash Flow

Bhagwati Autocast Ratios

Bhagwati Autocast Shareholding Pattern

Bhagwati Autocast News

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