Bilcare

₹63.5 2 | 3.3%

WEBSITE BSE:526853 NSE : BILCARE LTD. 18 May, 12:50

Market Cap ₹149 Cr.

Stock P/E 6.3

P/B 0.8

Current Price ₹63.5

Book Value ₹ 75.3

Face Value 10

52W High ₹95.4

Dividend Yield 0%

52W Low ₹ 42.5

Edit Ratio

Bilcare Research see more...

Favourable Sectoral Dynamics and Supportive Regulations Should Lend Support to Bilcare Limited

Overview Inc. Year: 1987Industry: Plastic Products

Bilcare Ltd is a global leader in providing innovative packaging, branding, and authentication solutions for pharmaceutical, healthcare, and FMCG (Fast-Moving Consumer Goods) industries. Established in 1987, the company is renowned for its advanced packaging technologies that ensure product safety, authenticity, and brand protection. Bilcare offers a comprehensive range of services, including blister packaging, specialized labeling, and digital authentication solutions. With a strong focus on research and development, Bilcare has pioneered novel packaging concepts to combat counterfeiting and enhance supply chain efficiency. The company's commitment to quality, innovation, and customer satisfaction has solidified its position as a trusted partner for businesses seeking cutting-edge packaging and authentication solutions in today's competitive market.

Bilcare Share Price

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Peer Comparison

Bilcare Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	204	208	256	248	254	246	234	182	190	175
Other Income	2	0	9	3	3	0	4	4	10	4
Total Income	205	208	264	251	257	246	238	186	200	179
Total Expenditure	188	194	237	232	240	234	219	169	173	158
Operating Profit	17	14	27	19	17	12	18	17	27	21
Interest	18	16	17	16	16	16	11	19	20	21
Depreciation	9	10	9	9	9	10	9	11	10	11
Exceptional Income / Expenses	33	0	-4	-1	7	-7	227	-1	-2	0
Profit Before Tax	23	-12	-3	-7	-2	-20	225	-13	-5	-10
Provision for Tax	-1	-0	1	-1	1	-1	147	-0	7	3
Profit After Tax	23	-11	-3	-6	-3	-19	78	-13	-12	-14
Adjustments	-1	-2	-2	-1	-3	0	-32	5	5	7
Profit After Adjustments	22	-14	-6	-7	-6	-19	46	-8	-8	-7
Adjusted Earnings Per Share	9.5	-5.9	-2.5	-2.8	-2.4	-8	19.6	-3.4	-3.2	-2.9

Bilcare 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	3547	3062	2692	2603	2633	2778	2997	1827	623	845	982	781
Other Income	20	18	46	30	39	34	60	97	18	15	10	22
Total Income	3567	3080	2738	2633	2672	2813	3057	1924	641	859	992	803
Total Expenditure	3175	2823	2507	2396	2445	2621	2829	1782	572	784	925	719
Operating Profit	392	257	231	237	227	192	229	142	69	75	67	83
Interest	167	217	236	151	176	249	283	174	76	69	60	71
Depreciation	148	141	191	164	177	416	378	239	46	39	38	41
Exceptional Income / Expenses	0	0	0	-117	70	267	0	157	27	29	227	224
Profit Before Tax	76	-101	-196	-194	-56	-207	-433	-114	-25	-4	196	197
Provision for Tax	19	23	-16	-112	24	-8	21	-15	-14	0	146	157
Profit After Tax	57	-124	-180	-82	-80	-199	-453	-99	-11	-4	50	39
Adjustments	-18	11	-36	-3	-5	-2	-4	-5	-10	-8	-35	-15
Profit After Adjustments	40	-113	-216	-85	-85	-201	-458	-104	-21	-13	15	23
Adjusted Earnings Per Share	22.2	-52.5	-76.3	-36	-35.9	-85.4	-194.3	-44	-9	-5.3	6.4	10.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	16%	-19%	-19%	-12%
Operating Profit CAGR	-11%	-22%	-19%	-16%
PAT CAGR	0%	0%	0%	-1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	43%	6%	25%	1%
ROE Average	36%	6%	-154%	-77%
ROCE Average	32%	16%	9%	6%

Bilcare 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	1325	1324	1096	713	614	400	-70	108	86	75	531
Minority's Interest	54	53	49	59	62	63	64	68	78	86	173
Borrowings	1769	1882	2085	1893	1801	741	745	559	530	537	515
Other Non-Current Liabilities	281	244	144	198	235	219	279	-24	-52	-88	36
Total Current Liabilities	989	866	966	758	745	1978	2069	311	313	403	333
Total Liabilities	4419	4368	4340	3620	3457	3402	3087	1023	955	1013	1588
Fixed Assets	1493	2126	1926	2432	2402	2179	2005	534	493	465	1045
Other Non-Current Assets	914	318	367	282	267	290	201	124	125	128	205
Total Current Assets	2012	1924	2047	907	788	933	882	365	337	421	338
Total Assets	4419	4368	4340	3620	3457	3402	3087	1023	955	1013	1588

Bilcare 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	173	94	106	106	73	90	77	76	41	32	14
Cash Flow from Operating Activities	227	314	-315	177	300	98	206	256	72	41	-7
Cash Flow from Investing Activities	-966	-351	247	-358	-129	-203	-104	1309	2	-4	36
Cash Flow from Financing Activities	661	48	119	149	-155	91	-103	-1600	-83	-55	-19
Net Cash Inflow / Outflow	-78	12	50	-32	16	-13	-1	-35	-9	-18	10
Closing Cash & Cash Equivalent	94	106	156	73	90	77	76	41	32	14	24

Bilcare 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)	22.23	-52.47	-76.34	-36.04	-35.9	-85.43	-194.34	-43.97	-8.95	-5.35	6.39
CEPS(Rs)	87.34	7.11	4.81	34.58	41.26	92.2	-31.82	59.36	14.59	14.82	37.38
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	562.95	562.25	465.54	302.72	260.59	169.83	-29.66	45.99	36.66	31.91	87.65
Core EBITDA Margin(%)	10.49	7.81	6.89	7.8	7.03	5.64	5.62	2.49	8.18	7.15	5.77
EBIT Margin(%)	6.86	3.79	1.49	-1.65	4.49	1.5	-4.99	3.31	8.13	7.66	26.09
Pre Tax Margin(%)	2.14	-3.31	-7.27	-7.34	-2.09	-7.43	-14.43	-6.22	-4.01	-0.5	19.98
PAT Margin (%)	1.61	-4.06	-6.68	-3.1	-2.98	-7.14	-15.12	-5.42	-1.79	-0.52	5.12
Cash Profit Margin (%)	5.8	0.55	0.42	3.07	3.62	7.78	-2.5	7.65	5.52	4.13	8.97
ROA(%)	1.4	-2.83	-4.13	-2.07	-2.26	-5.81	-13.97	-4.82	-1.13	-0.44	3.86
ROE(%)	4.38	-9.38	-14.86	-9.09	-12.03	-39.29	-274.69	-515.03	-11.48	-5.4	35.67
ROCE(%)	7.96	3.36	1.16	-1.4	4.4	1.64	-6.38	4.01	6.41	8.46	31.84
Receivable days	112.28	113.79	122.04	80.67	31.16	32.61	36.51	41.68	76.83	80.87	75.84
Inventory Days	49.99	55.07	59.89	55.79	49.63	46.03	45.19	44.58	52.13	51.27	41
Payable days	64.5	65.93	64.89	79.49	81.26	89.55	83.11	75.84	89.29	82.96	82.4
PER(x)	3.79	0	0	0	0	0	0	0	0	0	6.8
Price/Book(x)	0.15	0.09	0.1	0.14	0.2	0.31	-0.92	0.33	1.57	2.19	0.5
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.62	0.7	0.84	0.81	0.77	0.76	0.75	0.37	1.21	0.96	0.72
EV/Core EBITDA(x)	5.63	8.38	9.78	8.91	8.87	11.05	9.81	4.76	10.91	10.86	10.58
Net Sales Growth(%)	-2.61	-13.67	-12.07	-3.32	1.16	5.53	7.87	-39.04	-65.92	35.65	16.2
EBIT Growth(%)	-31.03	-52.38	-65.45	-209.12	375.22	-65.21	-457.62	140.43	-16.35	27.82	295.77
PAT Growth(%)	-59.14	-317.15	-44.66	54.28	2.9	-149.48	-127.66	78.15	88.72	60.95	1251.22
EPS Growth(%)	-61.68	-336.04	-45.51	52.79	0.38	-137.92	-127.5	77.37	79.64	40.26	219.5
Debt/Equity(x)	1.59	1.62	2.11	2.98	3.28	5.22	-32.5	6.53	7.85	9.18	3.09
Current Ratio(x)	2.03	2.22	2.12	1.2	1.06	0.47	0.43	1.17	1.08	1.04	1.01
Quick Ratio(x)	1.58	1.68	1.69	0.67	0.62	0.28	0.25	0.93	0.75	0.71	0.76
Interest Cover(x)	1.45	0.53	0.17	-0.29	0.68	0.17	-0.53	0.35	0.67	0.94	4.27
Total Debt/Mcap(x)	10.59	18.81	22.04	21.48	16.18	16.63	35.44	20.01	4.99	4.2	6.23

Bilcare Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	30.01	30.01	30.01	30.01	30.01	30.01	30.01	30.01	30.01	30.01
FII	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
DII	0	0	0	0	0	0	0	0	0	0
Public	69.94	69.94	69.94	69.94	69.94	69.94	69.94	69.94	69.94	69.94
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	0.71	0.71	0.71	0.71	0.71	0.71	0.71	0.71	0.71	0.71
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	1.65	1.65	1.65	1.65	1.65	1.65	1.65	1.65	1.65	1.65
Others	0	0	0	0	0	0	0	0	0	0
Total	2.35	2.35	2.35	2.35	2.35	2.35	2.35	2.35	2.35	2.35

Pros

Stock is trading at 0.8 times its book value
Debtor days have improved from 82.96 to 82.4days.
Company has reduced debt.

Cons

Though the company is reporting repeated profits, it is not paying out dividend.
Promoter holding is low: 30.01%.
Company has a low return on equity of 6% 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.

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Bilcare

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Bilcare Research see more...

Overview Inc. Year: 1987Industry: Plastic Products

Bilcare Share Price

Alert Data

Quarterly Price

Peer Comparison

Bilcare Quarterly Results

Bilcare Profit & Loss

Growth Rates

Bilcare Balance Sheet

Bilcare Cash Flow

Bilcare Ratios

Bilcare Shareholding Pattern

Bilcare News

IPO

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