BSE:531029

Stock Analysis Report

Bharat Textiles and Proofing Industries

Executive Summary

Bharat Textiles and Proofing Industries Limited manufactures and markets various canvas fabrics in India.

Rewards

Trading at 39.4% below its fair value

Risk Analysis

Interest payments are not well covered by earnings

Does not have a meaningful market cap (₹37M)

Large one-off items impacting financial results

Profit margins (0.9%) are lower than last year (1.8%)

+ 1 more risk


Snowflake Analysis

Slightly overvalued with poor track record.

Share Price & News

How has Bharat Textiles and Proofing Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 531029 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

531029

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

n/a

531029

18.2%

IN Luxury

10.7%

IN Market

Return vs Industry: Insufficient data to determine how 531029 performed against the Indian Luxury industry.

Return vs Market: Insufficient data to determine how 531029 performed against the Indian Market.


Shareholder returns

531029IndustryMarket
7 Day0%-0.5%-1.5%
30 Day0%3.0%-2.7%
90 Dayn/a9.2%1.3%
1 Yearn/a19.0%18.2%12.7%10.7%
3 Year-19.5%-19.5%52.2%48.8%22.0%15.1%
5 Yearn/a106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

How volatile is Bharat Textiles and Proofing Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bharat Textiles and Proofing Industries undervalued compared to its fair value and its price relative to the market?

39.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 531029 (₹6.32) is trading below our estimate of fair value (₹10.43)

Significantly Below Fair Value: 531029 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 531029 is poor value based on its PE Ratio (27.4x) compared to the Luxury industry average (11.2x).

PE vs Market: 531029 is poor value based on its PE Ratio (27.4x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 531029's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 531029 is overvalued based on its PB Ratio (4.5x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Bharat Textiles and Proofing Industries 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 Bharat Textiles and Proofing Industries 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 Bharat Textiles and Proofing Industries performed over the past 5 years?

-9.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 531029 has a large one-off gain of ₹376.6K impacting its December 31 2019 financial results.

Growing Profit Margin: 531029's current net profit margins (0.9%) are lower than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: 531029 has become profitable over the past 5 years, growing earnings by -9.1% per year.

Accelerating Growth: 531029's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 531029 had negative earnings growth (-45.7%) over the past year, making it difficult to compare to the Luxury industry average (5.6%).


Return on Equity

High ROE: 531029's Return on Equity (16.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

  • Explore strong past performing companies in the Consumer Durables industry.

Financial Health

How is Bharat Textiles and Proofing Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 531029's short term assets (₹50.4M) exceed its short term liabilities (₹45.4M).

Long Term Liabilities: 531029's short term assets (₹50.4M) do not cover its long term liabilities (₹84.5M).


Debt to Equity History and Analysis

Debt Level: 531029's debt to equity ratio (1355.7%) is considered high.

Reducing Debt: 531029's debt to equity ratio has increased from 546.6% to 1355.7% over the past 5 years.

Debt Coverage: 531029's debt is not well covered by operating cash flow (9.1%).

Interest Coverage: 531029's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet

Inventory Level: 531029 has a high level of physical assets or inventory.

Debt Coverage by Assets: 531029's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is Bharat Textiles and Proofing Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 531029's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 531029'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 531029's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 531029'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 531029'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?

4.9yrs

Average board tenure


CEO

Ajeet Bhandari (52yo)

7.8yrs

Tenure

₹1,219,200

Compensation

Mr. Ajeet Kumar Bhandari has been the Managing Director of Bharat Textiles & Proofing Industries Limited since April 1, 2012 and has been its Executive Director since December 21, 1990. Mr. Bhandari served ...


CEO Compensation Analysis

Compensation vs Market: Ajeet's total compensation ($USD17.04K) is below average for companies of similar size in the Indian market ($USD50.34K).

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


Board Members

NamePositionTenureCompensationOwnership
Ajeet Bhandari
MD, Compliance Officer & Executive Director7.8yrs₹1.22m8.63% 3.2m
Anil Bhandari
CFO & Whole-Time Director17.8yrs₹180.00k2.25% 833.0k
Mahendra Bhandari
Independent Chairman0yrs₹24.00kno data
Krishna Bhandari
Additional Director0yrsno data4.98% 1.8m
Shikha Bhandari
Non-Executive Woman Director4.9yrsno datano data
Sivaraman Uthayakumar
Independent & Non-Executive Director2.5yrs₹24.00kno data
S. Udayakumar
Independent Director1.5yrs₹10.00kno data

4.9yrs

Average Tenure

46.5yo

Average Age

Experienced Board: 531029's board of directors are considered experienced (4.9 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

Bharat Textiles and Proofing Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bharat Textiles and Proofing Industries Limited
  • Ticker: 531029
  • Exchange: BSE
  • Founded: 1972
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹37.017m
  • Shares outstanding: 5.86m
  • Website: https://www.bharattarpaulin.com

Number of Employees


Location

  • Bharat Textiles and Proofing Industries Limited
  • Old 43, New 64, Sattanna Naicken Street
  • Lane Adjacent To Natraj Theatre
  • Chennai
  • Tamil Nadu
  • 600112
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531029BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2012

Biography

Bharat Textiles and Proofing Industries Limited manufactures and markets various canvas fabrics in India. It offers truck covers, grey cotton canvas/ducks, polyester cotton and polyester canvas, HDPE and chemically processed canvas, waterproof and rot proofed canvas, fire retardant canvas, army and number ducks, relief tents, and tarpaulin, as well as bags, tents, sleeping bag materials, etc. The company exports its products to customers in Australia, Dubai, the United Kingdom, the United States, Sri Lanka, West Indies, South Africa, Algeria, New Zealand, the United Arab Emirates, etc. Bharat Textiles and Proofing Industries Limited was founded in 1972 and is based in Chennai, 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 13:10
End of Day Share Price2020/01/10 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.