Hi Friends,
I found there was no discussion on this particular counter so wanted to start a discussion.
BHAGERIA INDUSTRIES LIMITED was established in 1989 with an objective to serve the dyes & intermediates industry all over the globe. Company commenced its operations by setting up a Vinyl Sulphone Plant at Vapi (Gujarat) with capacity of 540 T.P.A. which has now expanded to 3600 T.P.A. Subsequently Company has gone for further expansion in other Dyes intermediates & Dyestuffs.
Nearly 70% of its production is being exported worldwide to various clients including multinationals.
Our products are being exported to Korea, Japan, Taiwan, China, Germany, U.S.A & other European and African countries. Today Bhageria Industries Limited is one of the largest Manufacturer & Exporter of Intermediates and Dyes.
Here are some of the highlights
CMP - 120 CR
NP - 36 CR FY15
P/E - 3 to 4
ROE - 30 % plus
ROCE - 30 % plus
No Equity Dilution
Last 15 Years strong Dividend payout
Major capex completed (See rise in sales figure)
Here is the last 5 year P&L
10-Mar 11-Mar 12-Mar 13-Mar 14-Mar 15-Mar
Sales 33.36 61.62 62.84 129.05 368.78 412.38
Expense 53.45 57.74 61.53 125.55 345.1 356.64
OperPro -20.09 3.88 1.31 3.5 23.68 55.74
OPM -60.22 6.3 2.08 2.71 6.42 13.52
OthInce 2.89 0.16 0.27 0.44 1.2 2.63
Intst 1.52 0.96 1.45 1.46 1.41 2.13
Dep 0.73 0.68 0.8 0.73 0.85 1.48
PBT 1.59 2.4 -0.67 1.76 22.63 54.75
Tax 0.44 1.5 -0.2 0.51 7.22 18.15
N P 1.15 0.9 -0.47 1.26 15.4 36.61
EPS 3.12 2.4 0 1.46 18.75 44.94Please check screener.in for Balance Sheet and Cash Flows.
Does any one believe a P/E rerating can haappen here ?