BSE:532946

Stock Analysis Report

Executive Summary

Bang Overseas Limited, together with its subsidiaries, manufactures and trades in textile and textile products in India and internationally.

Rewards

PE ratio (3x) is below the Indian market (13.4x)

Earnings grew by 905.8% over the past year

Risk Analysis

Does not have a meaningful market cap (₹254M)

Highly volatile share price over past 3 months

Large one-off items impacting financial results



Snowflake Analysis

Excellent balance sheet with proven track record.

Share Price & News

How has Bang Overseas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532946's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

10.0%

532946

0.2%

IN Luxury

-0.4%

IN Market


1 Year Return

-60.6%

532946

16.6%

IN Luxury

11.1%

IN Market

Return vs Industry: 532946 underperformed the Indian Luxury industry which returned 16.6% over the past year.

Return vs Market: 532946 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

532946IndustryMarket
7 Day10.0%0.2%-0.4%
30 Day-20.6%3.3%-1.2%
90 Day10.3%8.5%3.3%
1 Year-60.6%-60.6%17.3%16.6%13.0%11.1%
3 Year-60.6%-60.6%53.8%52.0%25.3%18.6%
5 Year88.4%88.4%103.0%96.4%35.4%23.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Bang Overseas undervalued compared to its fair value and its price relative to the market?

2.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532946 (₹18.75) is trading above our estimate of fair value (₹0.38)

Significantly Below Fair Value: 532946 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532946 is good value based on its PE Ratio (3x) compared to the Luxury industry average (11x).

PE vs Market: 532946 is good value based on its PE Ratio (3x) compared to the Indian market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532946's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532946 is good value based on its PB Ratio (0.3x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

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

19.8%

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 Bang Overseas 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 Bang Overseas performed over the past 5 years?

52.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532946 has a large one-off gain of ₹83.5M impacting its December 31 2019 financial results.

Growing Profit Margin: 532946's current net profit margins (7.6%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: 532946 has become profitable over the past 5 years, growing earnings by 52.4% per year.

Accelerating Growth: 532946's earnings growth over the past year (905.8%) exceeds its 5-year average (52.4% per year).

Earnings vs Industry: 532946 earnings growth over the past year (905.8%) exceeded the Luxury industry 2.7%.


Return on Equity

High ROE: 532946's Return on Equity (10.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bang Overseas's financial position?


Financial Position Analysis

Short Term Liabilities: 532946's short term assets (₹1.2B) exceed its short term liabilities (₹632.2M).

Long Term Liabilities: 532946's short term assets (₹1.2B) exceed its long term liabilities (₹108.3M).


Debt to Equity History and Analysis

Debt Level: 532946's debt to equity ratio (34.7%) is considered satisfactory.

Reducing Debt: 532946's debt to equity ratio has reduced from 106.8% to 34.7% over the past 5 years.


Balance Sheet

Inventory Level: 532946 has a high level of physical assets or inventory.

Debt Coverage by Assets: 532946's debt is covered by short term assets (assets are 4.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 532946 is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if 532946 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Bang Overseas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 532946's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 532946'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 532946's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532946'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 532946'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?

7.0yrs

Average board tenure


CEO

Brijgopal Bang (52yo)

13.2yrs

Tenure

₹3,800,004

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Brijgopal's total compensation ($USD53.14K) is about average for companies of similar size in the Indian market ($USD50.14K).

Compensation vs Earnings: Brijgopal's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Brijgopal Bang
Chairman & MD13.2yrs₹3.80m12.72% 32.3m
Anuradha Paraskar
Additional Independent Director2yrs₹10.00kno data
Subrata Dey
Independent Director7yrs₹32.00kno data
Raghvendra Bang
Non-Independent Non-Executive Director7yrsno data5.09% 12.9m
Swati Sahukara
Independent Director5yrs₹30.00kno data

7.0yrs

Average Tenure

50yo

Average Age

Experienced Board: 532946's board of directors are considered experienced (7 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

Bang Overseas Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bang Overseas Limited
  • Ticker: 532946
  • Exchange: BSE
  • Founded: 1992
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹254.250m
  • Shares outstanding: 13.56m
  • Website: https://www.banggroup.com

Number of Employees


Location

  • Bang Overseas Limited
  • Unit No. 405-406, Kewal Industrial Estate
  • 4th floor
  • Mumbai
  • Maharashtra
  • 400013
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532946BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2008
BANGNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2008

Biography

Bang Overseas Limited, together with its subsidiaries, manufactures and trades in 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 based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 12:52
End of Day Share Price2020/02/14 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.