1
Please refer to important disclosures at the end of this report
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The Bombay Burmah Trading Corporation Limited (BBTCL) is a leading concern
of the Wadia Group, a reputed Indian business house with interests in
plantations, foods, textiles, chemicals, electronics and light engineering, health
care and real estate. The management’s outlook for the company’s all segments
looks promising and it is expected to improve its financial performance going
ahead. The consumer product choices are increasingly shifting towards health,
wellness and lifestyle. Much of the growth is expected to come from rise in Green
Tea demand which is beneficial for the company. The company has been
performing well and has shown increase in its EBIDTA margins in last few years.
The company has reported a healthy profit growth of 48% CAGR and return on
equity of 18% for the last 3 years. The company has reported an improvement in
cash flow from operations from `258cr in FY12 to `785cr in FY16. Hence Buy.
BUY
CMP `884
52 Week High / Low
959/375
Avg. Daily Volume
64,802
Agri Business
Market Cap (` cr)
6,166
2
BSE Sensex
31,159
Nifty
9,625
Face Value (`)
Reuters Code
BBRM.BO
BBTC@IN
1.4
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
vaibhav.agrawal@angelbroking.com
Bombay Burmah Trading Corp.
Others | Agri Business
May 31, 2017
2
Bombay Burmah Trading Corp. | Agri Business
May 31, 2017
2
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website: www.angelbroking.com
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Disclosure of Interest Statement Bombay Burmah Trading Corp.
1. Financial interest of research analyst or Angel or his Associate or his relative No
2. Ownership of 1% or more of the stock by research analyst or Angel or associates or relatives No
3. Served as an officer, director or employee of the company covered under Research No
4. Broking relationship with company covered under Research No
Ratings (Based on expected returns Buy (> 15%) Accumulate (5% to 15%) Neutral (-5 to 5%)
over 12 months investment period): Reduce (-5% to -15%) Sell (< -15)