BHARAT RASAYAN LIMITED |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,641 INR | -1.37% |
|
+0.43% | +7.08% |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 18,408 | 17,499 | 21,922 | 40,004 | 50,673 | 37,717 |
| Enterprise Value (EV) 1 | 19,679 | 19,914 | 22,405 | 39,263 | 52,406 | 37,511 |
| P/E ratio | 18.7 x | 15.7 x | 13.9 x | 24.4 x | 28.8 x | 30.3 x |
| Yield | 0.03% | 0.04% | 0.03% | 0.02% | 0.01% | 0.02% |
| Capitalization / Revenue | 2.31 x | 1.76 x | 1.8 x | 3.66 x | 3.89 x | 3.06 x |
| EV / Revenue | 2.47 x | 2.01 x | 1.84 x | 3.6 x | 4.03 x | 3.04 x |
| EV / EBITDA | 12.4 x | 10.6 x | 9.76 x | 16.3 x | 20.4 x | 19 x |
| EV / FCF | -58 x | -15.9 x | 13.6 x | 34.7 x | -35.3 x | 21.9 x |
| FCF Yield | -1.72% | -6.31% | 7.33% | 2.88% | -2.83% | 4.56% |
| Price to Book | 6.17 x | 4.28 x | 3.89 x | 5.5 x | 6.58 x | 4.22 x |
| Nbr of stocks (in thousands) | 4,249 | 4,249 | 4,249 | 4,249 | 4,155 | 4,155 |
| Reference price 2 | 4,333 | 4,119 | 5,160 | 9,416 | 12,195 | 9,077 |
| Announcement Date | 9/25/18 | 8/31/19 | 9/3/20 | 8/11/21 | 8/9/22 | 5/30/23 |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,953 | 9,922 | 12,151 | 10,920 | 13,012 | 12,343 |
| EBITDA 1 | 1,582 | 1,875 | 2,296 | 2,409 | 2,571 | 1,973 |
| EBIT 1 | 1,418 | 1,704 | 2,077 | 2,153 | 2,322 | 1,714 |
| Operating Margin | 17.83% | 17.18% | 17.09% | 19.71% | 17.85% | 13.88% |
| Earnings before Tax (EBT) 1 | 1,356 | 1,551 | 2,052 | 2,154 | 2,337 | 1,740 |
| Net income 1 | 983.1 | 1,115 | 1,576 | 1,639 | 1,760 | 1,246 |
| Net margin | 12.36% | 11.24% | 12.97% | 15.01% | 13.53% | 10.1% |
| EPS 2 | 231.4 | 262.5 | 371.0 | 385.7 | 423.5 | 299.9 |
| Free Cash Flow 1 | -339.3 | -1,256 | 1,641 | 1,130 | -1,485 | 1,709 |
| FCF margin | -4.27% | -12.66% | 13.51% | 10.35% | -11.42% | 13.85% |
| FCF Conversion (EBITDA) | - | - | 71.5% | 46.91% | - | 86.62% |
| FCF Conversion (Net income) | - | - | 104.12% | 68.97% | - | 137.16% |
| Dividend per Share 2 | 1.500 | 1.500 | 1.500 | 1.500 | 1.500 | 1.500 |
| Announcement Date | 9/25/18 | 8/31/19 | 9/3/20 | 8/11/21 | 8/9/22 | 5/30/23 |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,271 | 2,415 | 483 | - | 1,733 | - |
| Net Cash position 1 | - | - | - | 741 | - | 207 |
| Leverage (Debt/EBITDA) | 0.8034 x | 1.288 x | 0.2104 x | - | 0.6741 x | - |
| Free Cash Flow 1 | -339 | -1,256 | 1,641 | 1,130 | -1,485 | 1,709 |
| ROE (net income / shareholders' equity) | 39.4% | 31.5% | 32.4% | 25.4% | 23.5% | 15% |
| ROA (Net income/ Total Assets) | 20.3% | 16.9% | 17.2% | 16.2% | 14.5% | 9.92% |
| Assets 1 | 4,844 | 6,593 | 9,154 | 10,109 | 12,112 | 12,560 |
| Book Value Per Share 2 | 702.0 | 962.0 | 1,328 | 1,712 | 1,853 | 2,150 |
| Cash Flow per Share 2 | 2.900 | 13.00 | 107.0 | 62.70 | 0.8100 | 44.70 |
| Capex 1 | 410 | 478 | 584 | 304 | 557 | 235 |
| Capex / Sales | 5.15% | 4.82% | 4.81% | 2.79% | 4.28% | 1.91% |
| Announcement Date | 9/25/18 | 8/31/19 | 9/3/20 | 8/11/21 | 8/9/22 | 5/30/23 |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +7.08% | 480M | |
| +2.08% | 3.62B | |
| -17.29% | 2.23B | |
| -9.08% | 1.94B | |
| +2.07% | 1.85B | |
| -1.75% | 1.67B | |
| -1.92% | 1.29B | |
| +7.87% | 1.23B | |
| -20.13% | 1.06B | |
| -3.74% | 997M |
- Stock Market
- Equities
- BHARATRAS Stock
- Financials Bharat Rasayan Limited
