BCL Forgings (Delisted) share price
BSE: 506093
BCL Forgings Ltd · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary
Last traded ₹3.91 on 15 Jan 2013
Delisted on 5 Mar 2018.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Nov 2012
16 Nov · Results
Aug 2012
17 Aug · Results
May 2012
30 May · Results
Feb 2012
14 Feb · Results
Jan 2012
2 Jan · Meeting
Members at the 44th Annual General Meeting (AGM) of the Company held on December 30, 2011, inter alia, have transacted the following: 1. ....
Dec 2011
9 Dec · Meeting
Register of Members & Share Transfer Books of the Company will remain closed from December 29, 2011 to December 30, 2011 (both days inclusive) ....
Results for the quarter to Sep 2012
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹3.99 Cr−20.2% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- −₹0.23 Cr
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- −₹1.85 Cr
- Operating margin
- −5.7%
- Net margin
- −46.4%
From revenue to net profit, ₹ crore
- Revenue4.0
- Materials and goods−1.3
- Employee costs−1.3
- Other expenses−1.6
- Operating profit−0.2
- Depreciation−0.3
- Finance costs−1.3
- Profit before tax−1.9
- Net profit−1.9
BCL Forgings results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2012. Results for the quarter to Dec 2012 were due by 14 Feb 2013, 45 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
- Loss
A loss in 12 of the 12 quarters shown
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Dec 2007 | Mar 2008 | Jun 2008 | Sep 2008 | Dec 2008 | Mar 2009 | Jun 2009 | Sep 2009 | Dec 2009 | Mar 2010 | Jun 2010 | Sep 2010 | Dec 2010 | Mar 2011 | Jun 2011 | Sep 2011 | Dec 2011 | Mar 2012 | Jun 2012 | Sep 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 19.7 | 20.4 | 17.3 | 14.4 | 6.5 | 5.1 | 8.2 | 10.5 | 10.0 | 8.0 | 10.6 | 9.8 | 7.6 | 8.3 | 10.0 | 9.8 | 6.2 | 6.0 | 5.0 | 4.0 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 19.1 | 19.1 | 17.0 | 13.1 | 6.9 | 5.6 | 9.0 | 11.1 | 10.1 | 8.1 | 10.1 | 10.7 | 7.8 | 8.7 | 9.4 | 9.6 | 6.9 | 6.1 | 5.4 | 4.2 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | 8.3 | 10.8 | 7.6 | 5.4 | 3.3 | 2.6 | 4.3 | 5.7 | 4.5 | 5.7 | 4.8 | 5.2 | 3.1 | 3.5 | 3.7 | 3.7 | 2.8 | 2.5 | 1.8 | 1.3 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | – | – | – | 1.3 | 1.1 | 1.0 | 1.5 | 1.5 | 1.7 | 1.6 | 1.7 | – | 1.7 | 1.4 | 1.6 | 1.6 | 1.5 | 1.4 | 1.3 | 1.3 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | – | – | – | 6.4 | 2.5 | 2.0 | 3.2 | 3.9 | 3.9 | 0.8 | 3.5 | – | 3.0 | 3.7 | 4.1 | 4.3 | 2.6 | 2.2 | 2.3 | 1.6 |
| Operating profit before depreciation | 0.6 | 1.3 | 0.3 | 1.3 | −0.4 | −0.5 | −0.8 | −0.6 | 0.0 | −0.1 | 0.5 | −1.0 | −0.2 | −0.4 | 0.6 | 0.2 | −0.7 | −0.2 | −0.4 | −0.2 |
| Operating margin | 2.9% | 6.3% | 1.4% | 9.2% | −6.5% | −10.4% | −9.9% | −5.8% | −0.1% | −1.3% | 4.8% | −10.2% | −2.3% | −4.6% | 6.3% | 1.6% | −11.8% | −2.9% | −7.8% | −5.7% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 0.2 | 0.6 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 0.9 | 1.1 | 1.6 | – | 0.5 | 0.3 | 0.6 | 0.7 | 0.6 | 0.6 | 0.5 | 1.3 | – | – | – | – | – | – | – | – |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 1.0 | 1.3 | 1.3 | 1.3 | 1.4 | 1.6 | 1.3 | 1.3 | 1.3 | 1.4 | 1.3 | 1.4 | 1.4 | 1.9 | 1.4 | 1.3 | 1.4 | 1.4 | 1.4 | 1.3 |
| Profit before tax | 0.3 | 0.5 | 0.2 | −0.3 | −1.6 | −2.2 | −1.9 | −1.5 | −1.1 | −1.3 | −0.7 | −1.4 | −1.9 | −2.5 | −1.1 | −1.4 | −2.4 | −1.9 | −2.1 | −1.9 |
| Tax | 0.0 | −0.1 | – | 0.0 | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 3.8% | −20.6% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Net profit | 0.3 | 0.5 | 0.2 | −0.3 | −1.6 | −2.2 | −1.9 | −1.5 | −1.1 | −1.3 | −0.7 | −1.4 | −1.9 | −2.5 | −1.1 | −1.4 | −2.4 | −1.9 | −2.1 | −1.9 |
| Net margin | 1.5% | 2.7% | 1.2% | −2.3% | −24.5% | −43.4% | −23.3% | −14.1% | −11.3% | −16.5% | −6.5% | −14.0% | −24.5% | −30.5% | −10.5% | −14.7% | −39.0% | −31.2% | −41.1% | −46.4% |
Earnings per share in rupees, restated for later splits and bonuses.
The quarters either side of a change of basis do not compare. From the quarter to Mar 2010, the company's revenue for the year to Mar 2010, ₹41 Cr, differs from its quarters added, ₹37 Cr. From the quarter to Mar 2012, the company's revenue for the year to Mar 2012, ₹30 Cr, differs from its quarters added, ₹32 Cr.
5 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
A loss in 4 of the 5 years shown
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
The years either side of a change of basis do not compare. From the year to Mar 2010, the company's revenue for that year, ₹41 Cr, differs from its quarters added, ₹37 Cr. From the year to Mar 2012, the company's revenue for that year, ₹30 Cr, differs from its quarters added, ₹32 Cr.
Results for the year to Mar 2012
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue30
- Materials and goods−13
- Employee costs−6.2
- Other expenses−11
- Operating profit−0.4
- Depreciation−1.1
- Finance costs−5.7
- Profit before tax−7.2
- Net profit−7.2
Profit and loss
Standalone, ₹ crore, years to March. The last column is the twelve months to Sep 2012, the latest four quarters added.
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Sep 2012Twelve months |
|---|---|---|---|---|---|---|
| Revenue from operations | 74.4 | 43.0 | 41.1 | 36.2 | 30.0 | 21.1 |
| 71.4 | 46.9 | 42.4 | 37.3 | 30.4 | 22.7 | |
| Materials and goods bought | 34.4 | 21.8 | 20.9 | 16.7 | 12.9 | 8.3 |
| Employee costs | – | – | 5.9 | 6.6 | 6.2 | 5.6 |
| Other expenses | – | – | 15.6 | 14.0 | 11.3 | 8.7 |
| Operating profit before depreciation | 3.0 | −3.9 | −1.3 | −1.0 | −0.4 | −1.5 |
| Operating margin | 4.0% | −9.0% | −3.1% | −2.9% | −1.4% | −7.2% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. Materials, % of revenue in the glossary | – | – | 50.8% | 46.1% | 43.1% | 39.4% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. Employee costs, % of revenue in the glossary | – | – | 14.3% | 18.2% | 20.6% | 26.5% |
| Other expenses, % of revenueOther expenses, % of revenue. Operating costs besides materials and staff divided by revenue, times 100; with the two above and the operating margin it makes 100. Other expenses, % of revenue in the glossary | – | – | 37.9% | 38.6% | 37.7% | 41.3% |
| Depreciation and amortisation | 1.1 | 1.5 | 1.1 | 1.2 | 1.1 | 1.1 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | 1.9 | −5.3 | −2.4 | −2.3 | −1.6 | −2.7 |
| Other income | 3.4 | 2.2 | 2.5 | 1.8 | – | – |
| Finance costs | 4.1 | 6.0 | 5.3 | 6.0 | 5.7 | 5.5 |
| Profit before tax | 1.2 | −9.2 | −5.3 | −6.4 | −7.2 | −8.2 |
| Tax | −0.1 | −0.7 | 0.0 | – | – | – |
| Net profit | 1.3 | −8.5 | −5.3 | −6.4 | −7.2 | −8.2 |
| Net margin | 1.7% | −19.7% | −12.8% | −17.8% | −24.1% | −38.7% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2008 and Mar 2009 they do not, so they are left blank.
Ratios
Standalone, years to March.
| Ratio | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | – | −42.3% | – | −11.9% | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | 0.5 | – | – | – | – |
Interest cover is left blank for the years to Mar 2009, Mar 2010, Mar 2011 and Mar 2012: operating profit after depreciation is a loss, and a loss covers no interest bill. Revenue growth is left blank for the years to Mar 2010 and Mar 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2012.
| Measure | 5 years | 3 years |
|---|---|---|
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | −2.5% | −2.5% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | −14.5% | −18.2% |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
|---|---|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | −4.68 | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.
Where the return came from
Yearly rates to Mar 2012, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +76.2% | – | – | 0.0% |
| 3 years | +6.4% | – | – | 0.0% |
| 5 years | −12.0% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.
Recent sessions
The 10 trading days to 15 Jan 2013, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 15 Jan 2013 | 3.91 | 3.91 | 3.91 | 3.91 | 3.91 | 230 |
| 14 Jan 2013 | 3.98 | 3.98 | 3.98 | 3.98 | 3.98 | 330 |
| 11 Jan 2013 | 4.06 | 4.06 | 4.06 | 4.06 | 4.06 | 12,548 |
| 10 Jan 2013 | 4.14 | 4.14 | 4.14 | 4.14 | 4.14 | 50 |
| 9 Jan 2013 | 4.22 | 4.22 | 4.22 | 4.22 | 4.22 | 1,390 |
| 8 Jan 2013 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 85 |
| 7 Jan 2013 | 4.38 | 4.38 | 4.38 | 4.38 | 4.38 | 30 |
| 4 Jan 2013 | 4.46 | 4.46 | 4.46 | 4.46 | 4.46 | 2,670 |
| 3 Jan 2013 | 4.55 | 4.55 | 4.55 | 4.55 | 4.55 | 2,080 |
| 2 Jan 2013 | 4.64 | 4.64 | 4.64 | 4.64 | 4.64 | 25,080 |
Prices in ₹ per share as traded, not adjusted.
Company details
- BSE code
- 506093
- ISIN
- INE528H01017
- Website
- www.bclforge.com
- CIN
- L27200MH1967PLC013737
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1967
- Registered office
- Bombay Footwear Building, Deonar Village Road, Opp N.K.G.S.B. Bank, Mumbai 400088, Maharashtra
- Share registrar
- Satellite Corporate Services Pvt Ltd
- Keeps the register of shareholders and handles transfers and dividend payments