WEBSITE BSE:530841 NSE: SHRIBCL Inc. Year: 1973 Industry: Textile My Bucket: Add Stock
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1. Business Overview
Shri Bholanath Carpets Ltd. is engaged in the textile industry, specifically focusing on the manufacturing and sale of carpets and related floor coverings. Its core business model involves sourcing raw materials (such as wool, cotton, silk, and synthetic fibers), designing, manufacturing (likely through a combination of traditional handcrafting and machine production, given the industry context), and distributing various types of carpets and rugs. The company makes money by selling these finished products to domestic and international markets, potentially catering to wholesalers, retailers, institutional buyers (e.g., hotels, corporate offices), and direct consumers.
2. Key Segments / Revenue Mix
Without specific company data, the exact revenue mix and key segments are not determinable. However, based on its name and industry, potential segments could include:
Product Type: Hand-knotted carpets, machine-made carpets, tufted carpets, rugs, dhurries, and possibly other home furnishing textiles.
Material Type: Wool carpets, silk carpets, cotton carpets, synthetic carpets, blended material carpets.
Geographical: Domestic sales (India) and Export sales (e.g., to North America, Europe, Middle East), which often represent a significant portion for Indian carpet manufacturers.
3. Industry & Positioning
The Indian carpet industry is a significant part of the broader textile sector, known globally for its diverse range, quality, and craftsmanship. It is generally characterized by a fragmented structure, comprising a mix of large organized players, medium-sized companies, and numerous small-scale and unorganized artisans, particularly in traditional segments like hand-knotted carpets. The industry benefits from skilled labor and access to various raw materials. Shri Bholanath Carpets Ltd., given its name, likely positions itself within this competitive landscape, potentially emphasizing quality, traditional designs, specific material expertise, or custom orders. Its exact market share or ranking against peers is unknown without specific data.
4. Competitive Advantage (Moat)
Without specific information, it's challenging to confirm durable competitive advantages. However, potential sources of competitive advantage for a company like Shri Bholanath Carpets Ltd. could include:
Brand Reputation & Quality: A long-standing reputation for quality craftsmanship, unique designs, and durable products can command customer loyalty and premium pricing. "Shri Bholanath" may suggest a legacy or traditional brand.
Design & Product Differentiation: Unique designs, innovative patterns, and a diverse product portfolio that caters to evolving consumer tastes can differentiate the company.
Cost Efficiency (Scale, if applicable): For larger players, economies of scale in raw material sourcing, manufacturing, and distribution can provide a cost advantage. For smaller, niche players, cost efficiency might stem from lean operations.
Skilled Labor & Craftsmanship: Access to and retention of skilled artisans for specialized hand-made carpets can be a significant advantage in a labor-intensive industry.
5. Growth Drivers
Key factors that could drive growth for Shri Bholanath Carpets Ltd. over the next 3-5 years include:
Increasing Disposable Incomes: Growth in personal disposable incomes in India drives demand for home furnishing products, including carpets.
Real Estate & Infrastructure Growth: Expansion in residential and commercial real estate directly fuels demand for interior decoration and flooring solutions.
Export Market Demand: Continued demand from developed markets (e.g., USA, Europe) for Indian handcrafted and machine-made carpets, especially if the company can adapt to international design trends and quality standards.
E-commerce Penetration: Leveraging online sales channels to reach a wider customer base, both domestically and internationally.
Product Diversification & Innovation: Introducing new materials, designs, and sustainable products to cater to changing consumer preferences.
6. Risks
Key business risks for Shri Bholanath Carpets Ltd. include:
Raw Material Price Volatility: Fluctuations in the prices of wool, cotton, silk, and synthetic fibers can significantly impact manufacturing costs and margins.
Intense Competition: The fragmented nature of the industry leads to high competition, potentially pressuring pricing and market share.
Changing Fashion Trends: Consumer preferences for home décor and flooring can shift rapidly, requiring constant innovation and design adaptation.
Economic Slowdown: A downturn in domestic or global economies can reduce discretionary spending on home furnishings, impacting sales.
Exchange Rate Fluctuations: As an exporter (likely), adverse movements in currency exchange rates can impact export revenues and profitability.
Labor Availability & Costs: Reliance on skilled labor can expose the company to challenges related to labor availability, retention, and rising wages.
Trade Barriers & Tariffs: Changes in international trade policies, tariffs, or non-tariff barriers can affect export markets.
7. Management & Ownership
Given the name "Shri Bholanath Carpets Ltd." and common practices in India's textile sector, it is highly probable that the company is promoter-driven, potentially controlled by a founding family or a close-knit group. Promoter-led companies often exhibit a long-term vision and deep industry expertise. However, without specific disclosures, details regarding the current management team's experience, professional qualifications, corporate governance practices, or the exact ownership structure (e.g., shareholding patterns, public vs. private stake) are unavailable.
8. Outlook
Shri Bholanath Carpets Ltd. operates in a sector with both established demand and significant competitive pressures. The company's future outlook hinges on its ability to effectively navigate these dynamics.
Bull Case: A positive outlook would involve the company successfully leveraging its brand (if established for quality/craftsmanship), expanding its presence in growing domestic and international markets, adapting to new design trends, and efficiently managing its supply chain and production costs. Strong demand from the real estate sector and increasing disposable incomes could provide tailwinds, especially if the company can effectively utilize e-commerce and differentiate its product offerings.
Bear Case: Conversely, the outlook could be challenged by intense competition leading to margin erosion, inability to adapt to fast-changing consumer preferences, significant volatility in raw material prices, or a slowdown in key export markets. A failure to innovate or maintain product quality and design relevance could lead to a loss of market share and profitability in a highly competitive and fragmented industry.
The company's performance will likely be a balance of these factors, emphasizing the importance of strategic positioning, operational efficiency, and market responsiveness.
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Market Cap ₹9 Cr.
Stock P/E 73.5
P/B 0.7
Current Price ₹18.7
Book Value ₹ 26.9
Face Value 10
52W High ₹0
Dividend Yield 0%
52W Low ₹ 0
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 4 | 4 | 6 | 3 | 4 | 5 | 7 | 3 | 4 | 4 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 4 | 5 | 6 | 3 | 4 | 5 | 7 | 3 | 4 | 4 |
| Total Expenditure | 4 | 4 | 6 | 3 | 4 | 5 | 6 | 3 | 3 | 3 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjustments | -0 | 0 | 0 | -0 | -0 | -0 | -0 | 0 | -0 | 0 |
| Profit After Adjustments | -0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | -0.1 | -0 | 0 | -0 | 0.1 | 0 | 0.3 | 0 | 0 | 0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 32 | 30 | 30 | 27 | 23 | 20 | 18 | 17 | 17 | 18 | 16 | 18 |
| Other Income | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 33 | 30 | 31 | 28 | 23 | 20 | 18 | 17 | 18 | 18 | 16 | 18 |
| Total Expenditure | 32 | 29 | 30 | 27 | 23 | 19 | 17 | 16 | 16 | 17 | 14 | 15 |
| Operating Profit | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 1 | 0 |
| Interest | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -11% | -2% | -4% | -7% |
| Operating Profit CAGR | -50% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 0% | 0% | 22% | 16% |
| ROE Average | 1% | 1% | 1% | 1% |
| ROCE Average | 5% | 6% | 6% | 4% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 13 | 12 | 12 | 12 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 4 | 3 | 3 | 3 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 15 | 13 | 15 | 16 | 19 | 16 | 17 | 16 | 16 | 12 | 12 |
| Total Liabilities | 29 | 26 | 27 | 32 | 34 | 29 | 32 | 32 | 32 | 28 | 28 |
| Fixed Assets | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Other Non-Current Assets | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 6 | 6 | 6 | 6 |
| Total Current Assets | 24 | 21 | 23 | 27 | 30 | 25 | 28 | 24 | 24 | 20 | 20 |
| Total Assets | 29 | 26 | 27 | 32 | 34 | 29 | 32 | 32 | 32 | 28 | 28 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 0 | 1 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow from Operating Activities | -1 | 0 | -0 | -0 | -1 | -0 | -0 | 0 | 0 | 13 | 1 |
| Cash Flow from Investing Activities | -0 | 0 | -0 | -0 | 0 | 0 | -0 | 0 | 0 | -4 | -0 |
| Cash Flow from Financing Activities | -1 | 0 | 0 | 4 | -3 | -0 | 1 | 0 | 0 | -2 | -2 |
| Net Cash Inflow / Outflow | -2 | 0 | -0 | 3 | -3 | 0 | 0 | 0 | 0 | 7 | -0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 4 | 0 | 0 | 1 | 0 | 0 | 7 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.06 | 0.11 | 0.07 | 0.2 | 0.31 | 0.3 | 0.11 | 0.12 | 0.18 | 0.22 | 0.25 |
| CEPS(Rs) | 0.64 | 0.54 | 0.51 | 0.66 | 0.49 | 0.61 | 0.33 | 0.32 | 0.38 | 0.41 | 0.43 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 26.57 | 25.74 | 25.81 | 26.01 | 26.33 | 26.63 | 26.74 | 26.86 | 27.04 | 27.26 | 27.52 |
| Core EBITDA Margin(%) | 1.38 | 1.24 | 0.52 | 1.91 | 2.85 | 5.81 | 7.98 | 6.66 | 6.76 | 6.57 | 8.11 |
| EBIT Margin(%) | 2.08 | 1.42 | 1.61 | 2.1 | 3.18 | 6.21 | 8.67 | 7.63 | 8.27 | 8.07 | 7.74 |
| Pre Tax Margin(%) | 0.13 | 0.28 | 0.28 | 0.48 | 0.91 | 1.03 | 0.43 | 0.45 | 0.69 | 0.81 | 0.94 |
| PAT Margin (%) | 0.09 | 0.18 | 0.11 | 0.35 | 0.65 | 0.72 | 0.29 | 0.33 | 0.5 | 0.6 | 0.79 |
| Cash Profit Margin (%) | 0.95 | 0.87 | 0.82 | 1.16 | 1 | 1.45 | 0.89 | 0.89 | 1.05 | 1.1 | 1.32 |
| ROA(%) | 0.09 | 0.19 | 0.13 | 0.33 | 0.46 | 0.46 | 0.17 | 0.18 | 0.27 | 0.36 | 0.43 |
| ROE(%) | 0.23 | 0.42 | 0.28 | 0.78 | 1.19 | 1.15 | 0.4 | 0.44 | 0.68 | 0.83 | 0.93 |
| ROCE(%) | 2.91 | 1.98 | 2.23 | 2.59 | 3.27 | 5.44 | 6.44 | 5.35 | 6.03 | 6.26 | 5.19 |
| Receivable days | 137.56 | 126.78 | 125 | 144.07 | 192.42 | 208.86 | 205.04 | 208.68 | 205.91 | 222.66 | 264.33 |
| Inventory Days | 127.56 | 129.33 | 123.64 | 132.08 | 154.25 | 183.23 | 214.6 | 233.99 | 218.72 | 175.14 | 155.88 |
| Payable days | 81.38 | 56.4 | 45 | 69.79 | 110.17 | 124.61 | 124.83 | 171.75 | 170.3 | 130.23 | 112.63 |
| PER(x) | 0 | 60.72 | 93.04 | 40.54 | 0 | 0 | 0 | 158.23 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0.26 | 0.26 | 0.31 | 0 | 0 | 0 | 0.7 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.39 | 0.41 | 0.41 | 0.38 | 0.62 | 0.76 | 0.9 | 1.09 | 0.88 | 0.75 | 0.95 |
| EV/Core EBITDA(x) | 13.35 | 19.27 | 17.7 | 13.19 | 17.61 | 10.93 | 9.69 | 13.32 | 9.99 | 8.69 | 11.49 |
| Net Sales Growth(%) | 5.47 | -7.42 | 1.16 | -9.58 | -14.94 | -12.99 | -10.39 | -4.65 | 1.11 | 2.84 | -13.31 |
| EBIT Growth(%) | -79.86 | -36.63 | 14.68 | 17.77 | 28.49 | 70.26 | 25.05 | -16.14 | 9.58 | 0.46 | -16.9 |
| PAT Growth(%) | -32.37 | 81.98 | -33.92 | 180.36 | 55.18 | -2.81 | -64.47 | 9.88 | 53.7 | 23.22 | 13.31 |
| EPS Growth(%) | -32.39 | 82.08 | -33.95 | 180.36 | 55.19 | -2.81 | -64.46 | 9.82 | 53.76 | 23.22 | 13.32 |
| Debt/Equity(x) | 0.63 | 0.78 | 0.75 | 0.81 | 0.77 | 0.85 | 0.95 | 0.87 | 0.82 | 0.72 | 0.8 |
| Current Ratio(x) | 1.54 | 1.59 | 1.56 | 1.72 | 1.57 | 1.57 | 1.6 | 1.56 | 1.54 | 1.63 | 1.64 |
| Quick Ratio(x) | 0.84 | 0.83 | 0.86 | 1.12 | 1.04 | 0.93 | 0.97 | 0.85 | 0.92 | 1.04 | 1.16 |
| Interest Cover(x) | 1.07 | 1.25 | 1.21 | 1.3 | 1.4 | 1.2 | 1.05 | 1.06 | 1.09 | 1.11 | 1.14 |
| Total Debt/Mcap(x) | 0 | 3.03 | 2.89 | 2.58 | 0 | 0 | 0 | 1.24 | 0 | 0 | 0 |
| # | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 48.8 | 50.76 | 48.8 | 50.76 | 50.76 | 50.76 | 50.76 | 50.76 | 50.76 | 50.76 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 2.16 | 2.16 | 4.12 | 2.16 | 2.16 | 2.16 | 2.16 | 2.16 | 2.16 | 2.16 |
| Public | 49.04 | 47.08 | 47.08 | 47.08 | 47.08 | 47.08 | 47.08 | 47.08 | 47.08 | 47.08 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.23 | 0.24 | 0.23 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 0.24 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
* The pros and cons are machine generated.
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