BSE:541178

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Benara Bearings and Pistons

Executive Summary

Benara Bearings and Pistons Limited manufactures and sells automobile parts in India.


Snowflake Analysis

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

How has Benara Bearings and Pistons's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 541178's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.6%

541178

0.6%

IN Auto Components

0.1%

IN Market


1 Year Return

-7.8%

541178

-11.8%

IN Auto Components

-6.1%

IN Market

Return vs Industry: 541178 exceeded the Indian Auto Components industry which returned -11.8% over the past year.

Return vs Market: 541178 underperformed the Indian Market which returned -6.1% over the past year.


Shareholder returns

541178IndustryMarket
7 Day3.6%0.6%0.1%
30 Day1.5%8.7%7.6%
90 Day-34.2%33.3%19.4%
1 Year-6.6%-7.8%-10.4%-11.8%-4.3%-6.1%
3 Yearn/a-32.9%-34.9%-2.9%-7.5%
5 Yearn/a-7.0%-10.9%21.9%12.7%

Price Volatility Vs. Market

How volatile is Benara Bearings and Pistons's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Benara Bearings and Pistons undervalued compared to its fair value and its price relative to the market?

5.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 541178 (₹17.05) is trading above our estimate of fair value (₹1.42)

Significantly Below Fair Value: 541178 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 541178 is good value based on its PE Ratio (5.6x) compared to the IN Auto Components industry average (15.2x).

PE vs Market: 541178 is good value based on its PE Ratio (5.6x) compared to the Indian market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 541178's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 541178 is good value based on its PB Ratio (0.5x) compared to the IN Auto Components industry average (1.1x).


Next Steps

Future Growth

How is Benara Bearings and Pistons forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.3%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Benara Bearings and Pistons has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Benara Bearings and Pistons performed over the past 5 years?

-27.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: 541178 has a high level of non-cash earnings.

Growing Profit Margin: 541178's current net profit margins (3.3%) are lower than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if 541178's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: 541178's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 541178 had negative earnings growth (-27%) over the past year, making it difficult to compare to the Auto Components industry average (-29.8%).


Return on Equity

High ROE: 541178's Return on Equity (6.4%) is considered low.


Next Steps

Financial Health

How is Benara Bearings and Pistons's financial position?


Financial Position Analysis

Short Term Liabilities: 541178's short term assets (₹889.2M) exceed its short term liabilities (₹416.1M).

Long Term Liabilities: 541178's short term assets (₹889.2M) exceed its long term liabilities (₹180.6M).


Debt to Equity History and Analysis

Debt Level: 541178's debt to equity ratio (67.6%) is considered high.

Reducing Debt: Insufficient data to determine if 541178's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 541178's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 541178's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Benara Bearings and Pistons's current dividend yield, its reliability and sustainability?

1.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 541178's dividend (1.47%) is higher than the bottom 25% of dividend payers in the Indian market (0.68%).

High Dividend: 541178's dividend (1.47%) is low compared to the top 25% of dividend payers in the Indian market (2.75%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 541178's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 541178's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.2%), 541178's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average board tenure


CEO

Vivek Benara (46yo)

2.83yrs

Tenure

₹1,200,000

Compensation

Mr. Vivek Benara has been Managing Director of Benara Bearings and Pistons Limited since September 29, 2017 and serves as its Director since December 24, 2015 and he also serves as its President. Mr. Benar ...


CEO Compensation Analysis

Compensation vs Market: Vivek's total compensation ($USD15.97K) is below average for companies of similar size in the Indian market ($USD49.95K).

Compensation vs Earnings: Vivek's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Vivek Benara
MD, President & Director2.83yrs₹1.20m12.31% 36.8m
Panna Jain
Chairman2.83yrs₹960.00k18.57% 55.6m
Avinash Kashyap
Independent Director3.33yrsno datano data
Nitesh Kumavat
Independent Director2.67yrs₹180.00kno data
Akhil Jain
Additional Non-Executive Director1.25yrsno datano data
Nirmala Jain
Additional Non-Executive Director1.25yrsno datano data

2.8yrs

Average Tenure

53yo

Average Age

Experienced Board: 541178's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Benara Bearings and Pistons Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Benara Bearings and Pistons Limited
  • Ticker: 541178
  • Exchange: BSE
  • Founded: 1970
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹299.253m
  • Shares outstanding: 17.71m
  • Website: https://www.benara-phb.com

Location

  • Benara Bearings and Pistons Limited
  • A-3&4, Site-B
  • Industrial Area
  • Agra
  • Uttar Pradesh
  • 282007
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
541178BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2018

Biography

Benara Bearings and Pistons Limited manufactures and sells automobile parts in India. It operates through Automobile, Solar, and Trading in Cloth Material segments. The company offers engine bearings and bushes, bi metallic strips, pistons, piston pins and rings, cylinder liners/sleeves, air cooled blocks, liner piston sets, cylinder kits, connecting rods, batteries/inverters, engine valves, ball bearings, spark plugs, timing chains, cam shafts, rocker arms, valve guides, and valve seals. It also provides solar PV modules. The company was founded in 1970 and is based in Agra, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 12:43
End of Day Share Price2020/07/14 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.