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Bright Brothers
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Incorporated as a private limited company in Jul.'46, Bright Brothers Ltd (BBL) was converted into a public limited company in Oct.'94. BBL was promoted by S T Bhogwani. The Company is engaged in manufacturing injection moulded plastics products for supplies to Original Equipment Manufacturers for Consumer Durable Industry and market its own products under 'Brite' brand for material handling crates.
In Dec.'94, BBL came out with a public issue of 10.65 lac equity shares at a premium of Rs 55 each aggregating Rs 6.92 cr, to part-finance a project to set up an injection moulded plastic components unit at Gurgoan, Haryana; and for office seating systems at Tarapur, Maharashtra, totalling Rs 22.15 cr. BBL is a pioneer in the plastics industry and has products ranging from houseware to consumer electronics, car and motor accessories, under the brand name Brite. Some of its select clients include Maruti Udyog, TELCO, etc. The company has entered into a license agreement with Provendra Marketing, Switzerland, for use of the trade mark Sitag & Britesitag. The company executed an export order through their technical collaborator. The company has also entered into a technical collaboration agreement with M/s Reydel Italia S P A, Italy for obtaining latest technical know-how for manufacturing automotive components.
It has embarked on a major diversification plan in the office furniture market. The range will include chief executive chairs, executive chairs, typist chairs, etc.
The company was successful in completing the first step of its restructuring exercise in the year 1998-99. As a part of the cost management excercise, it announced a VRS for its unionised employees at its factory in Bombay.
Brite Automotive and Plastics (BAPL) was amalgamated with the company with effect from 1st April, 1999. Accordinlgy, one equity share of Rs.10/- each of Bright Brothers Ltd was allotted for every two equity shares of Rs.10/- each of BAPL. In 2000-01 the company had set up its new manufacturing unit at Pondicherry. It has also acquired a Plastic manufacturing unit from Whirlpool of India Ltd.
The Company had six manufacturing locations at Sohna (Gurgaon), Faridabad, Pithampur (MP), Sanaswadi (Pune), Thane and Pondicherry. It shifted Tarapur and Thane plants to Sanaswadi, Pune in 2005-06. The new manufacturing facility of the Company at Sriperumbudur, Chennai started commercial production in May, 2006. Two new Injection Moulding machines were added. In 2007, it sold off its five manufacturing units situated at Sohna (Gurgaon), Sriperumbudur (Chennai), Pithampur (Indore), Sanaswadi (Pune) and Satpur (Nasik) thru' Slump Sale to Bright Autoplast Pvt. Ltd., a subsidiary of Sintex Industries Ltd. for a consideration of Rs. 148.90 Crores effective from 6th December, 2007. The new 'Divo' brand of Hair-Care products was launched in Mumbai, Hyderabad and Chennai during 2008. The Company acquired the Water Purifier Manufacturing Unit from M/s. Vijetha Polytek Pvt. Ltd. by Slump Sale at Bhimtal, in State of Uttaranchal effective 2nd August, 2009.
The Company set set-up 3 additional manufacturing units at Haridwar (Uttarakhand), Hosur (Tamil Nadu) and Pune (Maharashtra) in 2023. It commenced production of Haridwar and Hosur units in n February, 2023 and April, 2023 respectively. It incorporated Bright Brothers LLC, as Wholly Owned Subsidiary in Delaware, USA. in 2023.
Bright Brothers share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Bright Brothers indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Bright Brothers is valued compared to its competitors.
Bright Brothers PE ratio helps investors understand what is the market value of each stock compared to Bright Brothers 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Bright Brothers evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Bright Brothers generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Bright Brothers in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Bright Brothers shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Bright Brothers compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Bright Brothers over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Bright Brothers helps investors get an insight into when they can enter or exit the stock. Key components of Bright Brothers Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Bright Brothers shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Bright Brothers ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Bright Brothers provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Bright Brothers highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Bright Brothers .
The balance sheet presents a snapshot of Bright Brothers ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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