Author Topic: BHAT -- Bhanero Texile Mills Limited  (Read 3152 times)

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Offline SBM

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BHAT -- Bhanero Texile Mills Limited
« Sticky post on: August 01, 2013, 11:24:47 AM »
All about Bhanero Textile Mills Limited

Spindles 67776
Looms 140

Location: Sheikhupura & Kotri

Auditor Mushtaq & Company

Paid up Capital: PKR 30 Million

Part of Umer Group - FASM & BTL other listed  companies of the group
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BHAT -- Bhanero Texile Mills Limited
« Reply #-1 on: August 01, 2013, 11:24:47 AM »

Offline SBM

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BHAT -- Bhanero Texile Mills Limited
« on: August 01, 2013, 11:24:47 AM »
All about Bhanero Textile Mills Limited

Spindles 67776
Looms 140

Location: Sheikhupura & Kotri

Auditor Mushtaq & Company

Paid up Capital: PKR 30 Million

Part of Umer Group - FASM & BTL other listed  companies of the group
I hate waking up.

Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #1 on: August 01, 2013, 11:31:13 AM »
Extremely illiquid stock with very small paid up capital - 3 million shares only

Zero Long term liabilities with 43 rupees per share cash available

I am expecting 40 rupees dividend with full year results.

Group is quite efficient and has a good pay out history.


Not a share for trading, only for long term investment.

Comments from poker and valueestimator needed. thanks.
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Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #2 on: August 01, 2013, 11:32:11 AM »
Bhanero Textile Mills Limited
(BHAT)   September 24th, 2012
12:17:22 PM   FINANCIAL RESULT FOR THE YEAR ENDED 30/06/2012
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 366.131
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 306.488
EPS = 102.16
DIVIDEND = 200%(F)
ANNUAL GENERAL MEETING WILL BE HELD ON 24/10/2012
BOOK CLOSURE FROM 20/10/2012
BOOK CLOSURE TO 27/10/2012

Bhanero Textile Mills Limited
(BHAT)   October 24th, 2012
01:27:31 PM   EPS = 23.96
FINANCIAL RESULT FOR THE FIRST QUARTER ENDED 30/09/2012
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 88.305
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 71.885

Bhanero Textile Mills Limited
(BHAT)   February 28th, 2013
12:19:31 PM   FINANCIAL RESULT FOR THE HALF YEAR ENDED 31/12/2012
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 237.196
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 203.710
EPS = 67.90

Bhanero Textile Mills Limited
(BHAT)   April 30th, 2013
02:22:48 PM   FINANCIAL RESULT FOR THE NINE MONTHS ENDED 31/03/2013
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 406.260
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 355.082
EPS = 118.36
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Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #3 on: August 01, 2013, 11:41:09 AM »
*holding from 220 before xD last year
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Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #4 on: September 19, 2013, 12:06:01 PM »
impressive eps of 195.67 v 102.16

dps disappointing at just 20 rupees, same as last year  :console:

was expecting bigger as company has 0 long term liabilities

http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=046438&pagesize=1&pageno=2
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Offline Valueestimator

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #5 on: September 19, 2013, 12:15:46 PM »
FASM, should pay at least 7.5 per share.


why they dont issue bonus shares.
AGIC UNIC AICL KML FASM BTL JDMT

Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #6 on: September 19, 2013, 12:55:31 PM »
FASM, should pay at least 7.5 per share.


why they dont issue bonus shares.

dont think they care much about minority shareholders
end of q3 they had cash per share of 43 ruppes//
they made another 77 rupees in q4
and if still they pay just 20 rupees ... joke hai buss
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Offline ib77

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #7 on: September 19, 2013, 03:14:08 PM »
FASM, should pay at least 7.5 per share.


why they dont issue bonus shares.

what about share price now ... do you belive still it will cross 150 mark ?

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #8 on: October 02, 2013, 12:38:34 PM »
Annual report 2013


break up value 982

nwc/ share 506

no expansion planned

stock in trade will help with q1 pforits

extremely low float (only 2.74%) and low payout ratio will keep investors away and price in check
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Offline Farrukh Muqeem

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #9 on: October 28, 2013, 03:37:21 PM »
Annual report 2013


break up value 982

nwc/ share 506

no expansion planned

stock in trade will help with q1 pforits

extremely low float (only 2.74%) and low payout ratio will keep investors away and price in check


SBM / value bhai / anybody ............what is expected TP of Bhanero ?

Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #10 on: October 28, 2013, 06:50:43 PM »
Annual report 2013


break up value 982

nwc/ share 506

no expansion planned

stock in trade will help with q1 pforits

extremely low float (only 2.74%) and low payout ratio will keep investors away and price in check


SBM / value bhai / anybody ............what is expected TP of Bhanero ?

should be around 650-700 ... but nahi honay as they wont give bigger dividend
fasm is cheaper and  (comparatively) more liquid.
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Offline Valueestimator

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #11 on: October 28, 2013, 08:01:02 PM »
FASM, BTL and BHAT all are equally undervalued however i favor more FASM because it has some trading as compared to the other two.
AGIC UNIC AICL KML FASM BTL JDMT

Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #12 on: February 25, 2014, 11:36:45 AM »
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Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #13 on: February 25, 2014, 11:37:39 AM »
Annual report 2013


break up value 982

nwc/ share 506

no expansion planned

stock in trade will help with q1 pforits

extremely low float (only 2.74%) and low payout ratio will keep investors away and price in check


SBM / value bhai / anybody ............what is expected TP of Bhanero ?

should be around 650-700 ... but nahi honay as they wont give bigger dividend
fasm is cheaper and  (comparatively) more liquid.

hehe it reached 700 tp
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Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #14 on: April 29, 2014, 03:08:54 AM »
http://www.kse.com.pk/newsattachment/053878.pdf

iski finance costs kyun barh gae ?
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Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #15 on: June 02, 2014, 11:12:50 AM »
Annual report 2013


break up value 982

nwc/ share 506

no expansion planned

stock in trade will help with q1 pforits

extremely low float (only 2.74%) and low payout ratio will keep investors away and price in check


SBM / value bhai / anybody ............what is expected TP of Bhanero ?

should be around 650-700 ... but nahi honay as they wont give bigger dividend
fasm is cheaper and  (comparatively) more liquid.

hehe it reached 700 tp

sold at floor today.
 19months for 325% total return
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Offline MZ

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #16 on: June 11, 2014, 10:33:35 PM »
Bhanero Textile Mills Limited (KSE: BHAT) is a public limited company which was incorporated in Pakistan on March 30, 1980. The company is one of the constituent members of a large industrial group of companies, Umer group, which according to the company information enjoys an annual turnover of approximately $300 million.

BHAT, headed by Khurrum Saleem as CEO, is listed on all three stock exchanges and it's headquartered in Karachi. The company manufactures and sells cotton yarn, ring spun yarn, carded yarn and woven fabrics. BHAT production facilities are located at Kotri district Dadu in the province of Sindh and Feroz Watan district Sheikhupura in the province of Punjab.

The company maintains two separate units of which Unit I consists of 27,840 spindles and Unit II consists of 41,472 spindles. Reportedly, its installed annual spinning capacity is 23.2 million kilograms of yarn and fabric. The company is also involved in generating and distributing electricity.

PERFORMANCE FOR 1H FY14 In the face of energy shortages and increasing inflation, BHAT's recent performance on the whole has been consistently on an upward curve with impressive top line growth trickling down to a striking bottom line.

The turnover of the company is constantly improving as compared to the corresponding period of the preceding year. During the first half of the ongoing fiscal year, net sales of Rs 3.77 billion expanded significantly by 12.6 percent year on year against net sales of Rs 3.3 billion attained in the same period of last year.

BHAT's gross profit was up by 34.9 percent year on year in 1H FY14 due to less proportionate increase in cost of sales, which only grew by 9.4 percent year on year. That is mainly attributed by the company to improved productions, efficiencies and effective cost reduction strategies.

BHAT has also shown strong net profit after tax growth of 53 percent year on year on the back of strong revenue assisted by stable margins. Additional support to bottom line is provided by increase in other income by 211 percent year on year, respectively.

However, pressures have been witnessed with administrative costs and other expenses increasing by 14 percent year on year and 52 percent year on year, respectively. Finance cost for the firm also appreciated by 36.5 percent year on year, adding further stress to bottom line expansion.

Looking at the company's unconsolidated balance sheet, a comparison of current ratio and quick ratio reveals that the gap between the two has been widened significantly over the years with the highest disproportion witnessed in 1H FY14. In 1H FY14, the inventory accounted for 74 percent of the company's current assets. This represents that the company possesses huge inventory stock.

However, non-current liabilities declined by 1.5 percent year on year due to no previous long-term borrowing by the company. Strong performance in 1H FY14 allowed the company to reward investors by scoring earnings per share of Rs 40.52 compared to Rs 25.43 for the same period of the previous financial year. Break-up value of shares is Rs 1006.67 as at 31st December 2013.

FUTURE OUTLOOK The company expects an increase in orders from the EU countries in the near future which will prove beneficial for the whole sector. However, significant constraints remain. One is the chronic energy shortages, which may intensify throughout summer season. Second is inflation and third is social disruptions arising from law-and-order situation, which combine to stifle economic activity. The industry's cost of production has already risen due to instant increase in core inflation. The competitiveness of this industry in international market has been affected severely due to above-mentioned factors.

In the absence of gas, BHAT is being operated on alternative source of energy like furnace oil which resulted in extra fuel and power cost which had to be borne by the company. The company has successfully been able to enhance overall sales volumes due to improved internal control procedures and performance standards. Reducing and controlling the cost of production (cost per unit) is the key to get good top line and bottom line in corporate sector. The management anticipates sound profitability in subsequent period.

======================================================
                                          1HFY12  1HFY13    1HFY14
======================================================
Profitability
------------------------------------------------------
Gross profit margin            28.5%    27.8%    27.2%
Operating profit margin        13.5%    11.2%    10.8%
Net profit margin               8.4%     7.8%     7.3%
ROE                                  16.1%    12.9%    11.9%
ROA                                  11.4%     9.3%     8.8%
------------------------------------------------------
Liquidity
------------------------------------------------------
Current ratio                  2.63     2.84      3.12
Quick ratio                     1.13     1.46      1.81
------------------------------------------------------
Turnover
------------------------------------------------------
Total asset turnover           1.36     1.20      1.20
Fixed asset turnover           3.19     3.14      3.51
------------------------------------------------------
Market
------------------------------------------------------
EPS - Rs                      17.28    15.57     16.93
======================================================

Offline dr.muhammad zia

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #17 on: June 27, 2014, 08:23:40 PM »
any comments
Can any body tell on me?NO! NO!Yo better not stop me
Better not flop me from who I wanna be It’s my destiny
So yo Mr. spinner Here come the winner Play on the bass I’m in the race

Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #18 on: June 28, 2014, 03:29:19 AM »
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Offline SBM

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Re: BHAT -- Bhanero Texile Mills Limited
« Reply #19 on: April 27, 2015, 01:27:28 PM »
http://www.kse.com.pk/newsattachment/065603.pdf

3q 19.58 v 10.32

9m 40.64 v 114.36
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