BSE:540148

Stock Analysis Report

Executive Summary

Bindal Exports Limited manufactures and supplies textiles, garments, and made ups in India.

Rewards

Trading at 46.8% below its fair value

Became profitable this year

Risk Analysis

Earnings have declined by -10.54% per year over past 5 years

Interest payments are not well covered by earnings

Does not have a meaningful market cap (₹18M)

Does not have meaningful revenue (₹333M)



Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Bindal Exports's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 540148 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

540148

1.1%

IN Luxury

-0.8%

IN Market


1 Year Return

-65.3%

540148

18.4%

IN Luxury

11.1%

IN Market

Return vs Industry: 540148 underperformed the Indian Luxury industry which returned 16.6% over the past year.

Return vs Market: 540148 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

540148IndustryMarket
7 Day0%1.1%-0.8%
30 Day0%3.3%-2.3%
90 Dayn/a9.6%2.1%
1 Year-65.3%-65.3%19.2%18.4%13.1%11.1%
3 Year-76.9%-76.9%54.9%51.5%22.9%16.2%
5 Yearn/a106.1%99.4%34.9%22.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Bindal Exports undervalued compared to its fair value and its price relative to the market?

46.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 540148 (₹4.02) is trading below our estimate of fair value (₹7.56)

Significantly Below Fair Value: 540148 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 540148 is poor value based on its PE Ratio (33.2x) compared to the Luxury industry average (11.1x).

PE vs Market: 540148 is poor value based on its PE Ratio (33.2x) compared to the Indian market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 540148's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 540148 is good value based on its PB Ratio (0.2x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Bindal Exports 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 Bindal Exports 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 Bindal Exports performed over the past 5 years?

-10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540148 has high quality earnings.

Growing Profit Margin: 540148 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 540148's earnings have declined by -10.5% per year over the past 5 years.

Accelerating Growth: 540148 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 540148 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (2.5%).


Return on Equity

High ROE: 540148's Return on Equity (0.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bindal Exports's financial position?


Financial Position Analysis

Short Term Liabilities: 540148's short term assets (₹181.2M) exceed its short term liabilities (₹113.1M).

Long Term Liabilities: 540148's short term assets (₹181.2M) exceed its long term liabilities (₹433.7K).


Debt to Equity History and Analysis

Debt Level: 540148's debt to equity ratio (89.7%) is considered high.

Reducing Debt: 540148's debt to equity ratio has reduced from 164.8% to 89.7% over the past 5 years.

Debt Coverage: 540148's debt is not well covered by operating cash flow (7.7%).

Interest Coverage: 540148's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet

Inventory Level: 540148 has a high level of physical assets or inventory.

Debt Coverage by Assets: 540148's debt is covered by short term assets (assets are 2.4x debt).


Next Steps

Dividend

What is Bindal Exports'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 540148's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 540148'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 540148's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 540148'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 540148'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?

3.4yrs

Average management tenure


CEO

Ravindrakumar Arya (59yo)

3.4yrs

Tenure

₹420,000

Compensation

Mr. Ravindrakumar Kanhaiyalal Arya has been re-appointed as Managing Director of Bindal Exports Limited since September 1, 2016 and previously since August 30, 2012, also has been its Chairman since August ...


CEO Compensation Analysis

Compensation vs Market: Ravindrakumar's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD50.21K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Ravindrakumar Arya
Chairman & MD3.4yrs₹420.00k44.5% 8.2m
Nishidha Agarwal
Chief Financial Officer0yrs₹480.00kno data
Kiran Goklani
Company Secretary & Compliance officer1.3yrsno datano data
Anupam Arya
Executive Director3.9yrsno data0.026% 4.8k
Pyarelal Agarwal
Executive0yrsno datano data
Savita Arya
Executive0yrsno data0.026% 4.8k

3.4yrs

Average Tenure

42yo

Average Age

Experienced Management: 540148's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ravindrakumar Arya
Chairman & MD3.4yrs₹420.00k44.5% 8.2m
Anupam Arya
Executive Director3.9yrsno data0.026% 4.8k
Ashokkumar Sharda
Independent Non-Executive Director3.6yrs₹5.00kno data
Apurva Arya
Non-Executive Director3.5yrsno datano data
Aditya Joshi
Independent Non-Executive Director1.1yrsno datano data

3.5yrs

Average Tenure

48.5yo

Average Age

Experienced Board: 540148's board of directors are considered experienced (3.5 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

Bindal Exports Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bindal Exports Limited
  • Ticker: 540148
  • Exchange: BSE
  • Founded: 1997
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹18.494m
  • Shares outstanding: 4.60m
  • Website: https://www.bindalexports.com

Location

  • Bindal Exports Limited
  • 270, Bindal House
  • Kumbharia
  • Surat
  • Gujarat
  • 395010
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540148BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2016

Biography

Bindal Exports Limited manufactures and supplies textiles, garments, and made ups in India. The company offers various blends of fabrics, including polyester, rayon, cotton, satin, chiffon, knitted, viscose, georgette, brasso, lycra, crepe, burnout, textured dyed, voiles, bottom weight, digital print, etc. that are used by garment houses for manufacturing of garments in the apparel industry, as well as bathing and furnishing industry, etc. It also trades in grey cloth and fabrics; and provides scarves and stoles. In addition, the company undertakes job work of fabrics comprising embroidery work, Tikli work, glitter work, etc. for sarees and nightwear. It sells its products to wholesalers and retailers, as well as through online marketplace. The company also exports its products in Germany, France, Spain, the United Kingdom, Egypt, Jordan, Syria, Mauritius, the United Arab Emirates, Saudi Arabia, Oman, Yemen, Kuwait, Singapore, Malaysia, and Indonesia. It sells its products under the Serein label primarily for women. Bindal Exports Limited was founded in 1997 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 Analysis2020/02/17 13:04
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
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.