RATING

RECOMMENDATION

Buy

  • BAGRRYS INDIA PRIVATE LIMITED
  • ₹2,035.00

  • PLACE ORDER
  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Buy

Business Type

Traditional Business

RATING

RECOMMENDATION

Buy

Business Type

Traditional Business

  • Bagrrys India Growth

Get detailed information about the Bagrrys India Pre IPO, Unlisted shares. In this research report, you will get to know about Bagrrys India Key Ratio data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

Bagrrys India Revenue Growth

Growth in %

  • -9.61%

    1 Year

  • 6.15%

    3 Year

  • 10.19%

    4 Year

Total revenue of the company has been impacted due to COVID-19 curbs in the operations, which led to a fall in total revenue by 10%. It must be noted that the company has carried out investment activities upon which it realised a net profit of Rs. 39 lakhs, but due to uncertain economic conditions, Bagrrys could not make any profits on the sales of fixed assets in FY21, like they did in FY20, hence the lower realisation of other income. 

Bagrrys India Net Profit Growth(PAT)

Growth in %

  • 93.80%

    1 Year

  • 59.89%

    2 Year

  • 12.01%

    4 Year

Despite the fall in the revenue of the company by 10%, the net profit of the company has witnessed a staggering profit growth of 94% in FY21 from FY20. It has been brought down by judicious control of expenses. Sales, promotion, and conference expenses went down by Rs. 5 Cr. The cost of goods sold also went down by Rs. 19 Cr., which was a result of lower purchases of stock in trade by Rs. 4 Cr. Aggregately, the company has taken a conservative approach towards the business of reducing expenses to a minimum, which in turn fell by Rs. 8 Cr. in total. 

Bagrrys India EPS Growth

Growth in %

  • 93.79%

    1 Year

  • 59.89%

    2 Year

  • 13.33%

    4 Year

EPS of the company has showed similar growth as with net income growth. There were no changes made in the number of shares of the company.  

  • Bagrrys India Book Value Growth

Growth in %

  • 56.46%

    1 Year

  • 53.34%

    2 Year

  • -9.77%

    3 Year

Book value of the company, has witnessed the growth of 65% in FY21 from FY20. This growth has been explained by surplus in the profit and loss account of the company in the reserves and surplus account of the company. 

Bagrrys India EBITDA Growth

Growth in %

  • 77.99%

    1 Year

  • 51.42%

    2 Year

  • 14.90%

    4 Year

The EBITDA of the company has increased by Rs. 13 Cr., projecting a growth of 78% in FY21 from FY20. The company has witnessed such an increase due to lower selling and administrative expenses, which were a result of operational curbs imposed due to COVID-19. The company's gross profit margin grew by 19% in FY21 from FY20, increasing the gross profits of the company by Rs. 4 Cr owing to lower COGS of Rs. 19 Cr in FY21 from FY20. 

Bagrrys India Operating Profit Growth

Growth in %

  • 81.84%

    1 Year

  • 54.39%

    2 Year

  • 15.64%

    4 Year

Bagrrys did not make any significant changes in its fixed assets, which led to small increase in the depreciation amount by Rs. 2 Lakhs in FY21 from FY20, leading to similar impact as with EBITDA. 

Bagrrys India Asset Growth

Growth in %

  • 56.18%

    1 Year

  • 43.39%

    2 Year

  • -10.71%

    4 Year

Total assets of the company has grown significantly by 56%, mostly attributable to increase in the non-current assets of the company, which has registered a growth of 97% in FY21 from FY20. During the times of COVID-19, the market sharply declines, inducing low buy and once the market strongly recovered in later quarters of FY21, it led to increase in the fair value gains of investments as can be seen in the long term investment of the company, which grew almost by a factor of 2, leading to increase of Rs. 27 Cr. The company has started new investment division during FY21 for carrying investment activities like investment in mutual fund, shares, govt/corporate bonds, loan given (ICD) etc.

Bagrrys India Cash Flow from Operations

Growth in %

  • 47.18%

    1 Year

  • 80.45%

    2 Year

  • 11.38%

    4 Year

The company's cash flow from operations grew by 47% in FY21 from FY20, this growth was primarily due to increase in the EBIT of the company, despite higher tax paid in FY21 by the amount of Rs. 6 Cr. against Rs. 2 Cr in FY20, cash flow from operations increased by Rs. 6 Cr in FY21.

  • Bagrrys India Solvency Ratios

Bagrrys India D/E Ratio

The debt to equity ratio of the company has increased tremendously. The total debt of the company increased by a factor of 8x, which was a result of an increase in the short-term borrowings of the company, which increased by a factor of 21x. These short-term borrowings were undertaken to meet the company's working capital requirements. Equity, on the other hand, witnessed a sharp increase of Rs. 21 Cr in FY21. Despite the increase in the debt-to-equity ratio of the company, the same is still relatively low when compared with peers. 

Bagrrys India Current Ratio

In FY21, the company took a huge amount of working capital loans, which is the primary source of the fall in the current ratio. Current assets, on the other hand, had only grown by 6% in FY21 from FY20. With this growth in current liability by 50% from FY20, the current ratio further declined. 

Bagrrys India Quick Ratio

The fall in the quick ratio has the same cause as the fall in the current ratio of the company. 

Bagrrys India Interest Coverage Ratio

A sharp increase in the interest coverage ratio is primarily due to the tremendous increase in the net profits of the company as well as lower interest expense in FY21 when compared with FY20. A ratio of 295 suggests that a company has a strong liquidity position in terms of interest expense coverage. 

  • Bagrrys India Operating Efficiency

With prudent control over the expenses of the company, the operating margin ratios of the company have improved well despite lower revenue in FY21 as compared with FY20. The company has already established automated sales channels, which also kept on running without any ailment to fixed assets, which reflects economies of scale in place, leading to an improvement in the operating efficiency of the company. 

Bagrrys India Operating Profit EBIT Margin(OPM)

Bagrrys India Profit Before Tax Margin (PBT Margin)

Bagrrys India Profit After Tax Margin (PAT Margin)

  • Bagrrys India Profitablity Ratio

Bagrrys India Return on Equity(RoE)

The company's ROE increased by 23.9% in FY21 compared to FY20.As per dupont analysis, the one major contributor explaining the growth of the company has been net income margin, which grew by 114% in FY21 from FY20. Asset turnover, on the other hand, fell by 38% from FY20, which was a result of the COVID-19 restriction. The equity multiplier has witnessed a marginal decrease as the company has used more of the debt to finance its assets rather than equity.

Bagrrys India Return on Capital Employed(RoCE)

ROCE of the company grew by 18% in FY21 from FY20. This has been brought about by the growth in net income of the company in FY21. Total capital employed in the company was Rs. 56 Cr. in FY21, which showed a growth rate of 59% in FY21 from FY20. With more than higher net growth, the ROCE of the company improved.

Bagrrys India Return to Assets (RoA)

Return on assets has also been shown to increase in FY21 on account of higher net profit in FY21. On the one hand, total assets of the company grew by 56% in FY21, and on the other hand, net income grew by 94% in FY21 from FY20. This has improved the return on assets for the company. It must be noted that the asset turnover of the company has fallen on account of the COVID-19 lockdown and restrictions imposed. 

  • Bagrrys India Valuation Ratios

Bagrrys India Earning Yield