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WH Brady

₹572.4 12.4 | 2.2%

Market Cap ₹146 Cr.

Stock P/E 18.5

P/B 2.5

Current Price ₹572.4

Book Value ₹ 226.4

Face Value 10

52W High ₹652

Dividend Yield 0%

52W Low ₹ 241.1

WH Brady Research see more...

Overview Inc. Year: 1913Industry: Trading

WH Brady Share Price

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Peer Comparison

WH Brady 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 14 15 20 18 20 18 19 18 19 23
Other Income 0 0 1 0 0 0 0 2 1 2
Total Income 14 15 20 18 21 18 19 20 20 25
Total Expenditure 11 13 17 16 17 15 16 15 17 20
Operating Profit 2 2 3 2 3 3 3 5 4 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 2 2 2 2 3 2 2 5 3 4
Provision for Tax 0 1 0 0 1 1 1 1 1 1
Profit After Tax 1 1 2 1 2 2 2 3 2 3
Adjustments -0 -0 -0 -0 -0 -0 -0 -0 -1 -1
Profit After Adjustments 1 1 2 1 2 1 1 3 2 2
Adjusted Earnings Per Share 4.2 3 6.9 3.1 8 4.8 5.4 10.8 6.7 8.1

WH Brady 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 44 46 45 46 50 39 59 67 52 59 74 79
Other Income 1 0 0 0 1 1 1 1 1 2 2 5
Total Income 45 47 46 47 51 39 60 68 54 61 76 84
Total Expenditure 35 36 37 38 42 36 49 59 46 52 65 68
Operating Profit 9 10 9 9 9 3 11 9 8 9 11 16
Interest 3 3 3 2 3 3 2 2 1 1 1 0
Depreciation 2 2 2 2 2 2 2 2 2 1 1 0
Exceptional Income / Expenses -0 -0 -1 -0 0 3 0 0 0 0 -0 0
Profit Before Tax 4 5 3 4 4 2 6 6 6 7 9 14
Provision for Tax 1 1 0 1 1 1 1 1 1 2 2 4
Profit After Tax 4 4 2 3 3 2 5 5 5 5 7 10
Adjustments -0 -0 0 -0 -0 0 -1 -1 -1 -1 -1 -2
Profit After Adjustments 3 4 2 3 3 2 5 5 4 4 5 8
Adjusted Earnings Per Share 13.5 16.3 8.3 12.1 12.6 7.5 17.8 17.7 16.9 16.3 21.4 31

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 25% 3% 14% 5%
Operating Profit CAGR 22% 7% 30% 2%
PAT CAGR 40% 12% 28% 6%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 125% 61% 41% 22%
ROE Average 14% 12% 11% 16%
ROCE Average 18% 15% 14% 14%

WH Brady 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 50 52 51 52 55 55 57 60 41 45 51
Minority's Interest 1 0 0 1 1 0 1 1 2 3 4
Borrowings 13 11 17 15 8 5 2 1 1 0 0
Other Non-Current Liabilities 2 2 2 1 7 8 7 8 7 8 6
Total Current Liabilities 31 23 40 27 36 29 26 16 12 20 20
Total Liabilities 97 87 110 97 107 97 94 86 62 76 81
Fixed Assets 57 54 50 48 14 12 13 38 11 10 10
Other Non-Current Assets 2 3 3 5 40 38 36 5 12 26 26
Total Current Assets 39 30 57 44 53 47 45 44 40 41 45
Total Assets 97 87 110 97 107 97 94 86 62 76 81

WH Brady 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 -8 -7 -1 -2 4 4 4 0 0
Cash Flow from Operating Activities -5 -7 -0 3 7 3 8 7 11 5 11
Cash Flow from Investing Activities 11 8 -0 -2 -2 4 -2 1 -6 -3 -7
Cash Flow from Financing Activities -7 -1 1 -4 -5 -1 -6 -8 -5 -2 -6
Net Cash Inflow / Outflow -2 -0 0 -3 -1 6 -0 0 1 -0 -2
Closing Cash & Cash Equivalent -1 -1 -7 -10 -2 4 4 4 5 0 -2

WH Brady 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) 13.51 16.35 8.35 12.13 12.59 7.48 17.8 17.68 16.85 16.28 21.38
CEPS(Rs) 22.09 24.83 17.9 20.53 20.19 12.59 27.38 27.2 25.96 25.19 31.84
DPS(Rs) 1.5 1.5 1 0.75 0 0 0 0 0 0 0
Book NAV/Share(Rs) 43.4 59.37 65.51 76.74 92.93 215.01 225.14 236.31 159.11 178.41 198.37
Core EBITDA Margin(%) 20.13 21.46 17.87 17.65 14 6.51 16.42 11.98 13.25 12.56 13.01
EBIT Margin(%) 16.62 16.97 11.73 13.83 12.17 12.07 14.88 11.32 12.25 12.75 13.23
Pre Tax Margin(%) 9.56 11.52 5.56 8.63 7.22 5.66 10.91 8.88 10.72 11.3 12.13
PAT Margin (%) 8.18 9.58 4.63 6.8 5.65 3.92 8.65 7.52 9.57 8.48 9.19
Cash Profit Margin (%) 12.81 13.67 10.11 11.3 9.05 7.88 11.82 10.4 12.62 10.84 10.91
ROA(%) 3.66 4.81 2.11 3.04 3.16 1.57 5.35 5.57 6.77 7.26 8.67
ROE(%) 37.24 33.86 13.12 17.37 14.86 4.07 9.1 8.52 9.96 11.69 14.24
ROCE(%) 19.43 21.06 10.6 11.59 14.59 8.32 12.23 11.11 11.75 15.78 18.19
Receivable days 143.92 132.39 112.87 132.62 145.84 182.97 89.05 73.94 79.04 79.59 75.54
Inventory Days 107 93.97 107.32 117.28 95.77 147.52 104.47 81.83 82.07 67.5 57.03
Payable days 238.22 190.21 123.29 140.43 201.42 321.45 146.78 110.38 92.16 76.21 66.08
PER(x) 5.15 4.77 13.42 12.25 12.09 21.99 6.88 4.5 7.27 12.31 12.15
Price/Book(x) 1.6 1.31 1.71 1.94 1.64 0.77 0.54 0.34 0.77 1.12 1.31
Dividend Yield(%) 2.15 1.92 0.89 0.5 0 0 0 0 0 0 0
EV/Net Sales(x) 0.93 0.91 1.21 1.42 1.19 1.43 0.69 0.31 0.58 0.87 0.87
EV/Core EBITDA(x) 4.34 4.13 6.39 7.67 6.67 16.15 3.83 2.19 3.76 5.75 5.7
Net Sales Growth(%) -3.14 5.31 -2.54 2.63 7.24 -22.13 52.66 12.95 -21.36 12.86 25.64
EBIT Growth(%) 131.34 7.53 -32.63 20.99 8.11 -29.01 78.7 -14.07 -14.89 17.64 30.22
PAT Growth(%) 611.81 23.31 -52.93 50.83 2.07 -50.35 219.95 -1.85 0.14 0.17 36.07
EPS Growth(%) 2683.31 20.98 -48.95 45.37 3.76 -40.56 137.8 -0.67 -4.66 -3.42 31.37
Debt/Equity(x) 2.24 1.57 2.65 1.53 0.92 0.33 0.24 0.08 0.09 0.13 0.12
Current Ratio(x) 1.26 1.34 1.43 1.63 1.46 1.59 1.75 2.75 3.29 2.01 2.2
Quick Ratio(x) 0.86 0.82 1.05 1.08 1.05 0.99 1.13 1.86 2.49 1.4 1.67
Interest Cover(x) 2.35 3.11 1.9 2.66 2.46 1.88 3.75 4.65 7.98 8.79 12.01
Total Debt/Mcap(x) 1.39 1.19 1.55 0.79 0.56 0.43 0.43 0.23 0.12 0.12 0.09

WH Brady Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.76 73.76 73.76 73.76 73.76 73.76 73.76 73.76 73.76 73.76
FII 0 0 0 0 0 0 0 0 0 0
DII 0.15 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14
Public 26.09 26.1 26.1 26.1 26.1 26.1 26.1 26.1 26.1 26.1
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 delivered good profit growth of 28% CAGR over last 5 years
  • Debtor days have improved from 76.21 to 66.08days.
  • 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.

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