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Bansal Roofing Products

BSE:538546
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
538546
BSE
₹119M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Bansal Roofing Products Limited manufactures and sells metal roofing sheets and accessories in India. The last earnings update was 21 days ago. More info.


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538546 Share Price and Events
7 Day Returns
-14.3%
BSE:538546
-1.3%
IN Building
-0.7%
IN Market
1 Year Returns
8.3%
BSE:538546
-13%
IN Building
-12.1%
IN Market
538546 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bansal Roofing Products (538546) -14.3% -12.2% -7.7% 8.3% 2.9% 12.5%
IN Building -1.3% -9.5% -11% -13% 14.1% 78.7%
IN Market -0.7% -5.7% -4.3% -12.1% 13% 25.2%
1 Year Return vs Industry and Market
  • 538546 outperformed the Building industry which returned -13% over the past year.
  • 538546 outperformed the Market in India which returned -12.1% over the past year.
Price Volatility
538546
Industry
5yr Volatility vs Market

Value

 Is Bansal Roofing Products undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bansal Roofing Products to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bansal Roofing Products.

BSE:538546 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 17.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:538546
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.161 (1 + (1- 35%) (4.78%))
1.132
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.132 * 8.6%)
17.29%

Discounted Cash Flow Calculation for BSE:538546 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bansal Roofing Products is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:538546 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.29%)
2020 20.23 Est @ 6.96% 17.25
2021 21.67 Est @ 7.14% 15.75
2022 23.24 Est @ 7.26% 14.41
2023 24.95 Est @ 7.35% 13.18
2024 26.80 Est @ 7.41% 12.07
2025 28.80 Est @ 7.45% 11.06
2026 30.95 Est @ 7.48% 10.14
2027 33.27 Est @ 7.5% 9.29
2028 35.77 Est @ 7.52% 8.52
2029 38.47 Est @ 7.53% 7.81
Present value of next 10 years cash flows ₹119.48
BSE:538546 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹38.47 × (1 + 7.55%) ÷ (17.29% – 7.55%)
₹424.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹424.82 ÷ (1 + 17.29%)10
₹86.23
BSE:538546 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹119.48 + ₹86.23
₹205.71
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹205.71 / 3.30
₹62.42
BSE:538546 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹62.42
Current discount Discount to share price of ₹36.00
= -1 x (₹36.00 - ₹62.42) / ₹62.42
42.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bansal Roofing Products is available for.
Intrinsic value
42%
Share price is ₹36 vs Future cash flow value of ₹62.42
Current Discount Checks
For Bansal Roofing Products to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bansal Roofing Products's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bansal Roofing Products's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bansal Roofing Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bansal Roofing Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:538546 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹6.18
BSE:538546 Share Price ** BSE (2019-08-16) in INR ₹36
India Building Industry PE Ratio Median Figure of 33 Publicly-Listed Building Companies 17.43x
India Market PE Ratio Median Figure of 2,785 Publicly-Listed Companies 13.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bansal Roofing Products.

BSE:538546 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:538546 Share Price ÷ EPS (both in INR)

= 36 ÷ 6.18

5.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bansal Roofing Products is good value based on earnings compared to the IN Building industry average.
  • Bansal Roofing Products is good value based on earnings compared to the India market.
Price based on expected Growth
Does Bansal Roofing Products's expected growth come at a high price?
Raw Data
BSE:538546 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-1.7%per year
India Building Industry PEG Ratio Median Figure of 10 Publicly-Listed Building Companies 1.08x
India Market PEG Ratio Median Figure of 544 Publicly-Listed Companies 1.09x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bansal Roofing Products, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bansal Roofing Products's assets?
Raw Data
BSE:538546 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹37.74
BSE:538546 Share Price * BSE (2019-08-16) in INR ₹36
India Building Industry PB Ratio Median Figure of 37 Publicly-Listed Building Companies 1.12x
India Market PB Ratio Median Figure of 3,663 Publicly-Listed Companies 0.87x
BSE:538546 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:538546 Share Price ÷ Book Value per Share (both in INR)

= 36 ÷ 37.74

0.95x

* Primary Listing of Bansal Roofing Products.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bansal Roofing Products is good value based on assets compared to the IN Building industry average.
X
Value checks
We assess Bansal Roofing Products's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Bansal Roofing Products has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bansal Roofing Products expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Bansal Roofing Products, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bansal Roofing Products expected to grow at an attractive rate?
  • Bansal Roofing Products's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Bansal Roofing Products's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Bansal Roofing Products's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:538546 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:538546 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -1.7%
India Building Industry Earnings Growth Rate Market Cap Weighted Average 21.6%
India Building Industry Revenue Growth Rate Market Cap Weighted Average 14.3%
India Market Earnings Growth Rate Market Cap Weighted Average 17.9%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:538546 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:538546 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 445 28 20
2018-12-31 436 20
2018-09-30 427 19
2018-06-30 377 15
2018-03-31 327 -15 11
2017-12-31 300 9
2017-09-30 273 8
2017-06-30 273 8
2017-03-31 273 22 8
2016-12-31 273 8
2016-09-30 272 8
2016-06-30 249 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bansal Roofing Products's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Bansal Roofing Products is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:538546 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bansal Roofing Products Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:538546 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 6.18
2018-12-31 5.93
2018-09-30
2018-06-30
2018-03-31 3.64
2017-12-31 2.88
2017-09-30
2017-06-30
2017-03-31 3.55
2016-12-31 3.69
2016-09-30
2016-06-30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bansal Roofing Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bansal Roofing Products's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bansal Roofing Products has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bansal Roofing Products performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bansal Roofing Products's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bansal Roofing Products has delivered over 20% year on year earnings growth in the past 5 years.
  • Bansal Roofing Products's 1-year earnings growth exceeds its 5-year average (88.7% vs 31.3%)
  • Bansal Roofing Products's earnings growth has exceeded the IN Building industry average in the past year (88.7% vs 0.9%).
Earnings and Revenue History
Bansal Roofing Products's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bansal Roofing Products Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:538546 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 444.70 20.38 15.63
2018-12-31 435.74 19.53 14.17
2018-09-30 426.78 18.68 12.90
2018-06-30 377.02 14.74 12.50
2018-03-31 327.27 10.80 11.90
2017-12-31 300.36 9.49 11.88
2017-09-30 273.44 8.17 12.06
2017-06-30 273.16 7.99 11.42
2017-03-31 272.87 7.80 10.60
2016-12-31 273.09 8.10 10.15
2016-09-30 272.32 8.40 9.89
2016-06-30 248.84 7.41 9.50
2016-03-31 225.36 6.43 8.92
2015-12-31 213.96 4.18 9.04
2015-09-30 203.05 2.93 14.40
2015-06-30 224.05 3.86 14.44
2015-03-31 245.05 4.78 9.24
2014-12-31 246.48 8.33 11.82
2014-03-31 191.70 6.60 8.73
2013-03-31 171.55 6.36 4.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bansal Roofing Products has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bansal Roofing Products used its assets more efficiently than the IN Building industry average last year based on Return on Assets.
  • Bansal Roofing Products has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bansal Roofing Products's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bansal Roofing Products has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bansal Roofing Products's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bansal Roofing Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bansal Roofing Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bansal Roofing Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bansal Roofing Products's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 17.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bansal Roofing Products Company Filings, last reported 4 months ago.

BSE:538546 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 124.38 5.67 17.49
2018-12-31 124.38 5.67 17.49
2018-09-30 116.22 7.40 9.66
2018-06-30 116.22 7.40 9.66
2018-03-31 105.65 28.91 27.11
2017-12-31 105.65 28.91 27.11
2017-09-30 66.23 34.23 2.25
2017-06-30 66.23 34.23 2.25
2017-03-31 61.89 21.73 2.59
2016-12-31 61.89 21.73 2.59
2016-09-30 58.06 24.68 3.10
2016-06-30 58.06 24.68 3.10
2016-03-31 54.08 35.14 4.20
2015-12-31 54.08 35.14 4.20
2015-09-30 49.66 11.00 1.95
2015-06-30 49.66 11.00 1.95
2015-03-31 47.65 21.23 1.71
2014-12-31 47.65 21.23 1.71
2014-03-31 22.48 17.04 1.33
2013-03-31 15.88 17.91 0.46
  • Bansal Roofing Products's level of debt (4.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (75.5% vs 4.6% today).
  • Debt is well covered by operating cash flow (494.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 76.2x coverage).
X
Financial health checks
We assess Bansal Roofing Products's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bansal Roofing Products has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bansal Roofing Products's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.78%
Current annual income from Bansal Roofing Products dividends.
If you bought ₹2,000 of Bansal Roofing Products shares you are expected to receive ₹56 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bansal Roofing Products's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).
  • Bansal Roofing Products's dividend is above the markets top 25% of dividend payers in India (2.52%).
Upcoming dividend payment

Purchase Bansal Roofing Products before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:538546 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Building Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1441 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:538546 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-08-13 1.000 2.704
2019-05-14 1.000 2.510
2018-09-04 0.500 1.168
2018-05-23 0.500 1.407

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Bansal Roofing Products has stable dividend payments.
  • Bansal Roofing Products only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Bansal Roofing Products's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bansal Roofing Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bansal Roofing Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bansal Roofing Products has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bansal Roofing Products's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kaushalkumar Gupta
COMPENSATION ₹2,850,000
AGE 48
TENURE AS CEO 6.1 years
CEO Bio

Mr. Kaushalkumar S. Gupta has been the Managing Director of Bansal Roofing Products Limited since July 29, 2013 and is its Founder Promoter. Mr. Gupta leads Bansal Roofing Products for all the technical advancements made by Bansal Roofing Products in its products and method of manufacturing. He has an overall experience of more than 22 years in various business activities ranging from Trading, Distribution, Manufacturing and Consulting. He was associated with a reputed MNC and worked in different departments before branching out on his own since 1995 and gathering an experience of around 19 years in the line of business. His main role in the Bansal Roofing is to strategise new business plans with industry trends and consumer preference in mind. He serves as the Chairman of Bansal Roofing Products Limited and has been its Director since May 1, 2008. He holds a Bachelor degree in Industrial Engineering from Saurashtra University.

CEO Compensation
  • Kaushalkumar's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kaushalkumar's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Bansal Roofing Products management team in years:

1.9
Average Tenure
47.5
Average Age
  • The average tenure for the Bansal Roofing Products management team is less than 2 years, this suggests a new team.
Management Team

Kaushalkumar Gupta

TITLE
Chairman & MD
COMPENSATION
₹3M
AGE
48
TENURE
6.1 yrs

Chirag Rana

TITLE
Chief Financial Officer
COMPENSATION
₹361K
TENURE
1.3 yrs

Archi Nitin Shah

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹287K
TENURE
1.9 yrs

Sangeeta Gupta

TITLE
Whole-Time Director
COMPENSATION
₹240K
AGE
47

Satishkumar Gupta

TITLE
Whole Time Director
AGE
58

Niladri Seal

TITLE
Head Manager of Accounts & Administration
AGE
45
Board of Directors Tenure

Average tenure and age of the Bansal Roofing Products board of directors in years:

5.6
Average Tenure
47.5
Average Age
  • The tenure for the Bansal Roofing Products board of directors is about average.
Board of Directors

Kaushalkumar Gupta

TITLE
Chairman & MD
COMPENSATION
₹3M
AGE
48

Sangeeta Gupta

TITLE
Whole-Time Director
COMPENSATION
₹240K
AGE
47
TENURE
5.6 yrs

Satishkumar Gupta

TITLE
Whole Time Director
AGE
58
TENURE
11.3 yrs

Bhavitaben Gurjar

TITLE
Non-Executive Independent Director
COMPENSATION
₹12K
AGE
33
TENURE
5.6 yrs

Beena Bisht

TITLE
Non-Executive Independent Director
COMPENSATION
₹16K
AGE
43
TENURE
5.6 yrs

Shilpa Jadeja

TITLE
Non-Executive Independent Director
COMPENSATION
₹12K
AGE
48
TENURE
5.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
02. Feb 19 Buy Kaushalkumar Gupta Individual 29. Jan 19 29. Jan 19 3,000 ₹42.00 ₹126,000
15. Oct 18 Buy Sangeeta Gupta Individual 11. Oct 18 12. Oct 18 6,000 ₹40.82 ₹236,451
02. Oct 18 Buy Sangeeta Gupta Individual 28. Sep 18 28. Sep 18 3,000 ₹40.00 ₹120,000
28. Sep 18 Buy Sangeeta Gupta Individual 25. Sep 18 25. Sep 18 3,000 ₹40.00 ₹120,000
07. Sep 18 Buy Sangeeta Gupta Individual 05. Sep 18 05. Sep 18 3,000 ₹40.00 ₹120,000
X
Management checks
We assess Bansal Roofing Products's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bansal Roofing Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Bansal Roofing Products Limited manufactures and sells metal roofing sheets and accessories in India. The company offers color coated roof sheets, FRP roof sheets, polycarbonate sheets, turbo ventilators, deck sheets, Z & C purlins, and perforated sheets, as well as color coated accessories. It also designs, fabricates, and installs pre-engineered buildings for various applications, including factory, warehouse, workshop, community hall, and commercial showrooms. In addition, the company offers other roofing products, including roofing fasteners, galvanized and PVC coated pipe bolts, butyle taps, foam fillers and silicon sealants, PVC and PP caps, louvers, sag and brazing rods, foundation bolts, clits, and base plates, as well as roofing accessories, such as ridges, corners, gabbles, and gutters. It also exports its products. Bansal Roofing Products Limited was incorporated in 2008 and is based in Vadodara, India.

Details
Name: Bansal Roofing Products Limited
538546
Exchange: BSE
Founded: 2008
₹118,648,800
3,295,800
Website: http://www.bansalroofing.com
Address: Bansal Roofing Products Limited
3/2, Labdhi Industrial Estate,
Acid Mill Compound,
Vadodara,
Gujarat, 390004,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 538546 Equity Shares Mumbai Stock Exchange IN INR 14. Jul 2014
Number of employees
Current staff
Staff numbers
29
Bansal Roofing Products employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 13:02
End of day share price update: 2019/08/16 00:00
Last earnings filing: 2019/07/27
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.