BSE:512477

Stock Analysis Report

Executive Summary

Betex India Limited engages in textile processing business in India.


Snowflake Analysis

Undervalued with excellent balance sheet.

Share Price & News

How has Betex India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 512477's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.4%

512477

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

-36.7%

512477

18.2%

IN Luxury

10.7%

IN Market

Return vs Industry: 512477 underperformed the Indian Luxury industry which returned 18.2% over the past year.

Return vs Market: 512477 underperformed the Indian Market which returned 10.7% over the past year.


Shareholder returns

512477IndustryMarket
7 Day-7.4%-0.5%-1.5%
30 Day-34.2%3.0%-2.7%
90 Day-4.6%9.2%1.3%
1 Year-36.7%-36.7%19.0%18.2%12.7%10.7%
3 Year-72.6%-72.6%52.2%48.8%22.0%15.1%
5 Year-84.7%-84.7%106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

How volatile is Betex India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 year ago | Simply Wall St

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Valuation

Is Betex India undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 512477 (₹14.4) is trading below our estimate of fair value (₹198.67)

Significantly Below Fair Value: 512477 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 512477 is good value based on its PE Ratio (6.7x) compared to the Luxury industry average (11.2x).

PE vs Market: 512477 is good value based on its PE Ratio (6.7x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 512477's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 512477 is good value based on its PB Ratio (0.1x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Betex India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.9%

Forecasted Consumer Durables 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 Betex India 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 Betex India performed over the past 5 years?

-11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 512477 has a large one-off gain of ₹2.4M impacting its December 31 2019 financial results.

Growing Profit Margin: 512477's current net profit margins (0.6%) are lower than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: 512477's earnings have declined by -11.4% per year over the past 5 years.

Accelerating Growth: 512477's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 512477 had negative earnings growth (-72.4%) over the past year, making it difficult to compare to the Luxury industry average (5.6%).


Return on Equity

High ROE: 512477's Return on Equity (1.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Betex India's financial position?


Financial Position Analysis

Short Term Liabilities: 512477's short term assets (₹303.2M) exceed its short term liabilities (₹149.4M).

Long Term Liabilities: 512477's short term assets (₹303.2M) exceed its long term liabilities (₹96.0M).


Debt to Equity History and Analysis

Debt Level: 512477's debt to equity ratio (44.7%) is considered high.

Reducing Debt: 512477's debt to equity ratio has reduced from 83.1% to 44.7% over the past 5 years.

Debt Coverage: 512477's debt is well covered by operating cash flow (46.9%).

Interest Coverage: 512477 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 512477 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 512477's debt is covered by short term assets (assets are 3x debt).


Next Steps

Dividend

What is Betex India's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 512477's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 512477's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 512477's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 512477's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 512477's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

6.8yrs

Average board tenure


CEO

Rajkumar Somani (59yo)

₹480,000

Compensation

Mr. Rajkumar Sitaram Somani serves as Managing Director of Betex India Ltd. Mr. Somani served as the Managing Director of Sumeet Industries Ltd., from October 10, 2003 to August 21, 2012. He actively parti ...


CEO Compensation Analysis

Compensation vs Market: Rajkumar's total compensation ($USD6.71K) is below average for companies of similar size in the Indian market ($USD50.34K).

Compensation vs Earnings: Rajkumar's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Rajkumar Somani
MD & Whole Time Director0yrs₹480.00k3% 670.5k
Manish Somani
CFO & Executive Director13yrs₹600.00k1.34% 300.2k
Ritesh Somani
Executive Director6.8yrsno data0.70% 156.5k
Mangilal Lahoti
Non-Executive & Independent Director4.9yrsno datano data
Mahesh Kumar Somani
Non-Executive Chairman0yrsno data5.93% 1.3m
Deepa Agarwal
Non-Executive Independent Director4.9yrsno datano data

6.8yrs

Average Tenure

59yo

Average Age

Experienced Board: 512477's board of directors are considered experienced (6.8 years average tenure).


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

Betex India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Betex India Limited
  • Ticker: 512477
  • Exchange: BSE
  • Founded: 1987
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹22.350m
  • Shares outstanding: 1.50m
  • Website: https://www.betexindia.com

Number of Employees


Location

  • Betex India Limited
  • 504, Trividh Chambers
  • 5th Floor
  • Surat
  • Gujarat
  • 395002
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
512477BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2011

Biography

Betex India Limited engages in textile processing business in India. It is involved in the dyeing and printing of art silk cloth and polyester fabrics. The company was incorporated in 1987 and is based in Surat, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 13:02
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
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.