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Brady & Morris Engg

₹967.8 -0.3 | 0%

Market Cap ₹218 Cr.

Stock P/E 31.0

P/B 10.5

Current Price ₹967.8

Book Value ₹ 92.5

Face Value 10

52W High ₹1069.8

Dividend Yield 0%

52W Low ₹ 246.8

Brady & Morris Engg Research see more...

Overview Inc. Year: 1946Industry: Construction Vehicles

Brady & Morris Engineering Company Limited (BMEC) is a public limited company that was incorporated in 1946 as a subsidiary of W.H. Brady & Co. Ltd. The company is one of India’s leading manufacturers of material handling equipment, such as cranes, hoists, winches, pulleys, trolleys, pallet trucks, etc. Catering to industries, such as steel, cement, power, oil and gas, mining, defence, and others. It has a market capitalization of Rs. 223 crore. Promoters are Pavan G. Morarka, Vaibhav Morarka, Kaushik D. Shah, and W.H. Brady & Co. Ltd, who together hold 73.98% of the company’s shares. Pavan Morarka is the chairman and managing director of the company, while Vaibhav Morarka is an executive director. The company’s management team also includes Rajiv Bakshi, Rajender Kumar Sharma, Mita Jha, and H.S. Bindra as directors.

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Brady & Morris Engg Share Price

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Brady & Morris Engg 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 8 9 14 16 14 17 14 14 16 19
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 8 9 14 16 14 17 14 14 16 19
Total Expenditure 7 7 12 13 13 15 12 12 13 16
Operating Profit 1 2 1 3 2 2 2 3 3 4
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 1 3 1 2 2 2 3 3
Provision for Tax 0 0 0 0 0 0 0 1 1 1
Profit After Tax 1 1 1 3 1 1 1 2 2 2
Adjustments 0 0 0 -0 0 0 0 0 0 0
Profit After Adjustments 1 1 1 3 1 1 1 2 2 2
Adjusted Earnings Per Share 2.8 4.5 2.9 12.7 4.8 5.9 5.1 7.9 8.6 9.7

Brady & Morris Engg 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 31 35 32 36 36 24 44 44 38 47 60 63
Other Income 0 0 0 0 0 0 1 1 1 1 1 0
Total Income 31 35 33 36 36 24 44 45 39 47 61 63
Total Expenditure 28 30 30 34 34 26 40 41 35 42 53 53
Operating Profit 3 5 2 2 2 -2 5 4 4 6 8 12
Interest 1 1 1 1 1 1 1 1 0 1 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses -0 -2 0 0 0 3 0 0 0 0 0 0
Profit Before Tax 1 1 -0 0 0 -1 3 2 3 5 7 10
Provision for Tax 0 0 0 -0 0 0 0 0 0 1 2 3
Profit After Tax 1 1 -0 0 0 -1 2 2 3 3 5 7
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 1 -0 0 0 -1 2 2 3 3 5 7
Adjusted Earnings Per Share 3.4 4.3 -0.6 0.9 0.3 -5 9.2 8.2 11.7 14.2 22.5 31.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 28% 11% 20% 7%
Operating Profit CAGR 33% 26% 0% 10%
PAT CAGR 67% 36% 0% 17%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 296% 120% 82% 42%
ROE Average 41% 43% 73% 19%
ROCE Average 26% 19% 16% 11%

Brady & Morris Engg 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 7 8 8 21 1 0 2 4 7 10 15
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 1 1 1 21 21 20 20 17 14 10
Other Non-Current Liabilities 14 14 1 1 1 1 1 1 0 1 1
Total Current Liabilities 16 15 34 21 30 24 21 12 10 18 16
Total Liabilities 38 38 44 44 53 46 44 37 34 43 42
Fixed Assets 12 12 11 11 11 10 9 8 8 8 8
Other Non-Current Assets 1 2 2 3 4 3 2 2 2 2 2
Total Current Assets 24 24 31 30 38 34 33 27 24 33 32
Total Assets 38 38 44 44 53 46 44 37 34 43 42

Brady & Morris Engg 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 1 0 0 0 0 0 0 0
Cash Flow from Operating Activities 4 -1 -15 2 4 -5 5 7 7 1 5
Cash Flow from Investing Activities -0 -1 -0 -2 -2 5 -0 -0 -4 -0 -1
Cash Flow from Financing Activities -4 2 16 -0 -2 0 -5 -7 -4 -0 -4
Net Cash Inflow / Outflow 0 -0 0 -0 0 -0 -0 0 -0 -0 0
Closing Cash & Cash Equivalent 1 1 1 1 0 0 0 0 0 0 0

Brady & Morris Engg 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) 3.37 4.33 -0.64 0.9 0.26 -5.04 9.21 8.18 11.68 14.19 22.47
CEPS(Rs) 8.15 9 4.68 5.7 4.78 -1.55 13.73 11.59 14.53 16.65 25.04
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -5.62 -1.29 -2.83 -1.92 5.37 0.44 10.03 17.85 29.99 43.98 66.37
Core EBITDA Margin(%) 8.32 11.27 5.1 5.38 5.05 -9.85 8.93 6.6 7.74 10.71 12.22
EBIT Margin(%) 5.32 4.98 2.77 3.26 3.41 -0.02 8.49 7.02 8.09 10.74 12.34
Pre Tax Margin(%) 2.11 2.47 -0.38 0.34 0.14 -4.39 5.79 5.02 6.99 9.66 11.43
PAT Margin (%) 2.11 2.47 -0.38 0.48 0.14 -4.39 4.75 4.22 6.9 6.82 8.37
Cash Profit Margin (%) 5.12 5.13 2.78 3 2.48 -1.35 7.07 5.99 8.58 8 9.33
ROA(%) 1.83 2.57 -0.35 0.46 0.12 -2.29 4.61 4.52 7.39 8.32 11.92
ROE(%) 0 0 0 0 15.29 -173.48 175.97 58.66 48.84 38.37 40.72
ROCE(%) 13.98 14.57 4.59 4.54 4.81 -0.02 12.2 11.14 12.42 19.31 26.3
Receivable days 108.76 90.81 117.82 128.92 169.91 256.76 112.34 100.85 90.15 91.19 86.41
Inventory Days 122.22 99.66 117.3 106.01 95.22 204.16 134.63 118.99 106.5 82.34 69.06
Payable days 217.65 142.68 151.84 153 214.06 391.07 152.46 137.45 92.92 77.83 66.85
PER(x) 11.58 7.16 0 56.72 268.63 0 5.25 8.68 6.14 7.74 8.84
Price/Book(x) -6.94 -23.95 -17.13 -26.69 13.19 0 4.83 3.98 2.39 2.5 2.99
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.67 0.61 1.27 1.16 1.24 1.36 0.86 0.82 0.83 0.87 0.94
EV/Core EBITDA(x) 6.78 4.6 18.25 16.85 17.93 -13.94 7.93 9.35 8.53 7.32 7.1
Net Sales Growth(%) -8.81 10.84 -6.88 11.26 0.39 -34.24 83.77 -0.19 -12.59 22.84 29.02
EBIT Growth(%) 387.93 3.14 -46.62 32.89 6.13 -100.36 0 -17.42 0.7 63.09 48.2
PAT Growth(%) 126.7 28.53 -114.88 240.44 -70.86 -2011.8 282.83 -11.25 42.89 21.48 58.3
EPS Growth(%) 126.7 28.53 -114.88 240.44 -70.86 -2011.8 282.83 -11.25 42.89 21.48 58.3
Debt/Equity(x) 0.93 1.07 3.49 0.56 24.65 312.39 12.17 5.28 2.61 1.8 0.94
Current Ratio(x) 1.48 1.66 0.92 1.42 1.27 1.4 1.6 2.23 2.44 1.85 1.97
Quick Ratio(x) 0.77 0.97 0.5 0.9 0.88 0.69 0.88 1.13 1.53 1.18 1.32
Interest Cover(x) 1.66 1.98 0.88 1.12 1.04 -0 3.14 3.52 7.38 9.93 13.65
Total Debt/Mcap(x) 0.66 1.11 2.2 0.95 1.87 0 2.52 1.33 1.09 0.72 0.31

Brady & Morris Engg Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.75 73.75 73.75 73.75 73.75 73.75 73.75 73.98 73.98 73.98
FII 0 0 0 0 0 0 0 0 0 0
DII 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Public 26.21 26.21 26.21 26.21 26.21 26.21 26.21 25.98 25.98 25.98
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 43%
  • Debtor days have improved from 77.83 to 66.85days.
  • Company has reduced debt.

Cons

  • Stock is trading at 10.5 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.

Brady & Morris Engg News

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Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

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Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

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