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Bang Overseas

BSE:532946
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532946
BSE
₹591M
Market Cap
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Last updated 2019/02/23 12:53
Company description

Bang Overseas Limited, together with its subsidiaries, manufactures and markets textile and textile products in India and internationally. The last earnings update was 171 days ago. More info.

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  • Bang Overseas has significant price volatility in the past 3 months.
532946 Share Price and Events
7 Day Returns
-8.3%
BSE:532946
0.3%
IN Luxury
1%
IN Market
1 Year Returns
38.2%
BSE:532946
-8.7%
IN Luxury
-8.2%
IN Market
532946 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bang Overseas (532946) -8.3% -25.5% -17.7% 38.2% 275.5% 381.8%
IN Luxury 0.3% -0.2% -2.3% -8.7% 55.9% 186.4%
IN Market 1% -2.2% -1.2% -8.2% 46.7% 78.8%
1 Year Return vs Industry and Market
  • 532946 outperformed the Luxury industry which returned -8.7% over the past year.
  • 532946 outperformed the Market in India which returned -8.2% over the past year.
Price Volatility
532946
Industry
5yr Volatility vs Market

532946 Value

 Is Bang Overseas 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
  • It is not possible to calculate the future cash flow value for Bang Overseas. This is due to cash flow or dividend data being unavailable. The share price is ₹43.6.
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 Bang Overseas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bang Overseas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532946 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹2.36
BSE:532946 Share Price ** BSE (2019-02-22) in INR ₹43.6
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.69x
India Market PE Ratio Median Figure of 2,709 Publicly-Listed Companies 15.49x

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

** Primary Listing of Bang Overseas.

BSE:532946 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532946 Share Price ÷ EPS (both in INR)

= 43.6 ÷ 2.36

 18.51x

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

  • Bang Overseas is overvalued based on earnings compared to the IN Luxury industry average.
  • Bang Overseas is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Bang Overseas's expected growth come at a high price?
Raw Data
BSE:532946 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 20.3%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.99x
India Market PEG Ratio Median Figure of 607 Publicly-Listed Companies 1.15x

*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 Bang Overseas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bang Overseas's assets?
Raw Data
BSE:532946 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹61.37
BSE:532946 Share Price * BSE (2019-02-22) in INR ₹43.6
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.05x
BSE:532946 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532946 Share Price ÷ Book Value per Share (both in INR)

= 43.6 ÷ 61.37

 0.71x

* Primary Listing of Bang Overseas.

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

  • Bang Overseas is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Bang Overseas'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
    5. Bang Overseas has a total score of 1/6, 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.

532946 Future Performance

 How is Bang Overseas expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Bang Overseas, 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
20.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bang Overseas expected to grow at an attractive rate?
  • Bang Overseas's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Bang Overseas's earnings growth is expected to exceed the India market average.
  • Unable to compare Bang Overseas's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:532946 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532946 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 20.3%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*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:532946 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 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:532946 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:532946 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 1,871 67 32
2017-03-31 1,750 -1 38
2016-03-31 1,578 38 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bang Overseas's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Bang Overseas 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:532946 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bang Overseas Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532946 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:532946 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 2.36
2017-03-31 2.80
2016-03-31 0.84

*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 Bang Overseas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Show me more growth companies in the Luxury industry
X
Future performance checks
We assess Bang Overseas'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.
Bang Overseas has a total score of 3/6, 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.

532946 Past Performance

  How has Bang Overseas 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 Bang Overseas's growth in the last year to its industry (Luxury).
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.
  • Bang Overseas has delivered over 20% year on year earnings growth in the past 5 years.
  • Bang Overseas's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bang Overseas's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Bang Overseas'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 Bang Overseas Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532946 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 1,871.23 31.94 183.30
2017-03-31 1,750.38 37.97 209.16
2016-03-31 1,578.26 11.40 226.08
2015-03-31 1,476.22 -55.94 190.19
2014-03-31 1,945.49 -170.88 442.01
2013-03-31 2,714.66 13.09 300.52
2012-03-31 1,754.95 1.15 268.01

*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.
  • Bang Overseas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bang Overseas used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Bang Overseas has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Bang Overseas'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 Luxury 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.
Bang Overseas has a total score of 2/6, 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.

532946 Health

 How is Bang Overseas'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 Bang Overseas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bang Overseas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bang Overseas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bang Overseas'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 3.3x 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 Bang Overseas Company Filings, last reported 10 months ago.

BSE:532946 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 832.11 377.99 106.51
2017-03-31 794.86 443.43 158.22
2016-03-31 680.13 423.22 128.79
2015-03-31 665.66 410.75 159.97
2014-03-31 723.70 773.44 200.42
2013-03-31 893.41 712.86 180.28
2012-03-31 890.93 528.87 251.22
  • Bang Overseas's level of debt (45.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (79.9% vs 45.4% today).
  • Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).
  • Bang Overseas earns more interest than it pays, coverage of interest payments is not a concern.
Show me more healthy companies in the Luxury industry
X
Financial health checks
We assess Bang Overseas'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. Bang Overseas has a total score of 4/6, 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.

532946 Dividends

 What is Bang Overseas'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
0%
Current annual income from Bang Overseas dividends.
If you bought ₹2,000 of Bang Overseas shares you are expected to receive ₹0 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?
  • Unable to evaluate Bang Overseas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bang Overseas's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:532946 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 Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
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%

Industry and Market average data is calculated daily.

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

BSE:532946 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Bang Overseas has not reported any payouts.
  • Unable to verify if Bang Overseas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bang Overseas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bang Overseas has not reported any payouts.
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 Bang Overseas'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 Bang Overseas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Bang Overseas has a total score of 0/6, see the detailed checks below.


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

532946 Management

 What is the CEO of Bang Overseas'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
Brijgopal Bang
COMPENSATION ₹2,929,037
AGE 49
TENURE AS CEO 12.2 years
CEO Bio

Mr. Brijgopal Balaram Bang serves as the Managing Director of Thomas Scott (India) Limited. Mr. Bang has been Managing Director of Bang Overseas Ltd. since December 1, 2006 and has been its Chairman of the Board since February 14, 2013. He has been a actively involved in the business of Bang Overseas since its incorporation and has played a key role in the growth of the Bang Overseas with his inputs in strategic planning and business development. With his 15 years of experience in textile & garment business, he introduced Thomas Scott brand and took initiatives to venture into retailing of Bang Overseas's apparel. Mr. Bang has been an Executive Director at Bang Overseas Ltd. since June 1, 1992. He serves as Director at Thomas Scott (India) Limited. He serves as a Director of Vedanta Creations Private Limited and Bodywave Fashions (I) Private Limited. Mr. Bang is a commerce graduate and also completed Master of Management Studies (MMS) from Bombay University in the year 1992.

CEO Compensation
  • Brijgopal's compensation has been consistent with company performance over the past year.
  • Brijgopal's remuneration is higher than average for companies of similar size in India.
Management Team

Brijgopal Bang

TITLE
Chairman & MD
COMPENSATION
₹3M
AGE
49
TENURE
12.2 yrs

Jaydas Dighe

TITLE
Chief Financial Officer
COMPENSATION
₹766K
AGE
45

Raghvendra Bang

TITLE
Whole-Time Director

Harsh Joshi

TITLE
Company Secretary & Compliance Officer
Board of Directors Tenure

Average tenure of the Bang Overseas board of directors in years:

6
Average Tenure
  • The tenure for the Bang Overseas board of directors is about average.
Board of Directors

Brijgopal Bang

TITLE
Chairman & MD
COMPENSATION
₹3M
AGE
49
TENURE
6 yrs

Raghvendra Bang

TITLE
Whole-Time Director
TENURE
6 yrs

Subrata Dey

TITLE
Independent Director
COMPENSATION
₹50K
TENURE
6 yrs

Anuradha Paraskar

TITLE
Additional Independent Director
AGE
49
TENURE
1 yrs

Swati Sahukara

TITLE
Independent Director
COMPENSATION
₹50K
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Bang Overseas'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. Bang Overseas 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.

532946 News

Simply Wall St News

532946 Company Info

Map
Description

Bang Overseas Limited, together with its subsidiaries, manufactures and markets textile and textile products in India and internationally. The company offers men’s formal and casual wear under the Thomas Scott, Italian Gold, Hammersmith, Bang & Scott, Bang Europa, and FCC brand names. It is also involved in the trading of fabric products. Bang Overseas Limited was founded in 1992 and is headquartered in Mumbai, India.

Details
Name: Bang Overseas Limited
532946
Exchange: BSE
Founded: 1992
₹591,216,000
13,560,000
Website: http://www.banggroup.com
Address: Bang Overseas Limited
Unit No. 405-406, Kewal Industrial Estate,
4th floor,
Mumbai,
Maharashtra, 400013,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532946 Equity Shares Mumbai Stock Exchange IN INR 20. Feb 2008
NSEI BANG Equity Shares National Stock Exchange of India IN INR 20. Feb 2008
Number of employees
Current staff
Staff numbers
0
Bang Overseas employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 12:53
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2017/05/30
Last earnings filing: 2018/09/05
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


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.

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