NSEI:BANARBEADS

Stock Analysis Report

Executive Summary

Banaras Beads Limited manufactures and markets glass beads, necklaces, imitation jewelry, and other related products in India.


Snowflake Analysis

Adequate balance sheet with proven track record.

Share Price & News

How has Banaras Beads's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.2%

BANARBEADS

-2.4%

IN Luxury

-3.0%

IN Market


1 Year Return

-40.3%

BANARBEADS

-26.9%

IN Luxury

-29.2%

IN Market

Return vs Industry: BANARBEADS underperformed the Indian Luxury industry which returned -26.9% over the past year.

Return vs Market: BANARBEADS underperformed the Indian Market which returned -29.2% over the past year.


Shareholder returns

BANARBEADSIndustryMarket
7 Day-0.2%-2.4%-3.0%
30 Day-14.0%-28.4%-26.9%
90 Day1.8%-25.6%-28.5%
1 Year-40.3%-40.3%-26.2%-26.9%-27.7%-29.2%
3 Year-62.9%-63.5%0.8%-1.6%-15.2%-19.9%
5 Year-20.3%-27.4%43.7%38.6%-3.1%-8.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Banaras Beads undervalued compared to its fair value and its price relative to the market?

9.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BANARBEADS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BANARBEADS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BANARBEADS is poor value based on its PE Ratio (9.2x) compared to the Luxury industry average (7.8x).

PE vs Market: BANARBEADS is good value based on its PE Ratio (9.2x) compared to the Indian market (9.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BANARBEADS is overvalued based on its PB Ratio (0.4x) compared to the IN Luxury industry average (0.4x).


Next Steps

Future Growth

How is Banaras Beads 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 Banaras Beads 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 Banaras Beads performed over the past 5 years?

-16.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BANARBEADS has high quality earnings.

Growing Profit Margin: BANARBEADS's current net profit margins (8.2%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: BANARBEADS's earnings have declined by -16.8% per year over the past 5 years.

Accelerating Growth: BANARBEADS's earnings growth over the past year (155.1%) exceeds its 5-year average (-16.8% per year).

Earnings vs Industry: BANARBEADS earnings growth over the past year (155.1%) exceeded the Luxury industry 6.4%.


Return on Equity

High ROE: BANARBEADS's Return on Equity (4.4%) is considered low.


Next Steps

Financial Health

How is Banaras Beads's financial position?


Financial Position Analysis

Short Term Liabilities: BANARBEADS's short term assets (₹295.0M) exceed its short term liabilities (₹46.2M).

Long Term Liabilities: BANARBEADS's short term assets (₹295.0M) exceed its long term liabilities (₹178.0K).


Debt to Equity History and Analysis

Debt Level: BANARBEADS's debt to equity ratio (4.6%) is considered satisfactory.

Reducing Debt: BANARBEADS's debt to equity ratio has increased from 1.9% to 4.6% over the past 5 years.

Debt Coverage: BANARBEADS's debt is not well covered by operating cash flow (15.5%).

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


Balance Sheet

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

Debt Coverage by Assets: BANARBEADS's debt is covered by short term assets (assets are 13.6x debt).


Next Steps

Dividend

What is Banaras Beads's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: BANARBEADS is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BANARBEADS'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?

1.6yrs

Average management tenure


CEO

Siddharth Gupta (36yo)

6.17s

Tenure

₹1,488,000

Compensation

Mr. Siddharth Gupta has been the Chief Executive Officer, Managing Director and Director of Banaras Beads Limited since January 31, 2014 and serves as its BR Head. Mr. Gupta served as Whole Time Executive  ...


CEO Compensation Analysis

Compensation vs Market: Siddharth's total compensation ($USD19.74K) is below average for companies of similar size in the Indian market ($USD48.50K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Ashok Kumar Gupta
Chairman & MDno data₹2.40m21.22% 40.1m
Siddharth Gupta
CEO, MD6.17yrs₹1.49m10.56% 20.0m
Ramesh Singh
Company Secretary & Compliance Officerno datano data0.00075% 1.4k
Shalini Chandra
Executive Director5yrs₹600.00kno data
Vinay Piyush
Chief Financial Officer1.17yrsno datano data
Rajesh Chaubey
Manager of Marketing1.58yrsno datano data
Adarsh Mullick
Deputy Manager and Personal Assistant to CEO & MD1.58yrsno datano data

1.6yrs

Average Tenure

44yo

Average Age

Experienced Management: BANARBEADS's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ashok Kumar Gupta
Chairman & MDno data₹2.40m21.22% 40.1m
Siddharth Gupta
CEO, MD6.17yrs₹1.49m10.56% 20.0m
Shalini Chandra
Executive Director5yrs₹600.00kno data
Anil Gupta
Independent Director0.17yrno data0.51% 956.7k
Sushil Kandoi
Independent Director0.17yrno datano data
Manan Shah
Independent Director0.17yrno datano data

0.2yrs

Average Tenure

50yo

Average Age

Experienced Board: BANARBEADS's board of directors are not considered experienced ( 0.2 years average tenure), which suggests a new board.


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

Banaras Beads Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banaras Beads Limited
  • Ticker: BANARBEADS
  • Exchange: NSEI
  • Founded: 1940
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹189.132m
  • Shares outstanding: 6.64m
  • Website: https://www.banarasbead.com

Number of Employees


Location

  • Banaras Beads Limited
  • A-1, Industrial Estate
  • Varanasi
  • Uttar Pradesh
  • 221106
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
526849BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002
BANARBEADSNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2002

Biography

Banaras Beads Limited manufactures and markets glass beads, necklaces, imitation jewelry, and other related products in India. The company also offers beads made from clay, brass, aluminum, copper, resin, ceramics, horn, bone, semiprecious stones, agate, lac, hand painted beads, spray painted beads, etc.; and trades in leather and cotton wax cords, and miscellaneous handicraft products. It serves wholesalers and retailers, companies dealing in craft business, craft stores/large retail chain stores, and online business companies. The company also exports its products. Banaras Beads Limited was founded in 1940 and is headquartered in Varanasi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 13:25
End of Day Share Price2020/03/27 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.