Bombay Super Hyb (BSHSL)
CyclicalFairStock Score: 24/100 — RISKY
Score breakdown: P/E: 0/3 · ROCE: 1/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹88.95 |
| Market Cap | ₹933.42 Cr |
| P/E Ratio | 35.02 |
| ROCE | 21.16% |
| ROE | —% |
| Dividend Yield | 0% |
| Profit Growth | 16.59% |
| Debt/Equity | 0.83 |
| Sales Growth | 19.58% |
| Promoter Holding | 73.85% |
| 52-Week Range | ₹59.16 — ₹139 |
| Sector | Agricultural Food & other Products |
| Book Value | ₹12.47 |
Strengths
- Low leverage with debt-to-equity of only 0.25, giving balance-sheet cushion
- ROCE of 21.16% suggests efficient use of existing capital
- High promoter holding of 73.85%, aligning management with minority shareholders
- Latest quarter remains profitable: ₹8 Cr net profit on ₹107 Cr sales
Concerns
- Valuation is expensive: P/E of 35.59 and P/B of 7.82 despite declining sales and profit
- Sales down 15.94% and profit down 14% signal business deterioration
- Piotroski F-Score of 3/9 indicates weak financial health and poor fundamentals
- No dividend yield; total return depends entirely on uncertain price appreciation
AI Analysis
First, I ask: do I understand this business, and does it have a moat? Bombay Super Hyb sells agricultural products, a commodity-like arena where pricing power is often weak. The figures do not make me excited. Sales have fallen 15.94% and profit is down 14%, yet the market is paying ₹99.91 for a share with book value of just ₹12.78. That is 7.8 times book and 35.6 times trailing earnings. Graham would say there is no margin of safety. The Piotroski F-Score of 3/9 is a red flag—the financials are deteriorating, not improving. The ROE is listed as N/A, so I cannot even verify how well shareholder capital is being deployed. On the positive side, the balance sheet is not reckless: debt-to-equity is only 0.25, and ROCE of 21.16% shows the existing capital earns a decent return. Promoter holding at 73.85% aligns interests, and the latest quarter was profitable—₹8 crore net profit on ₹107 crore sales. But the margin is thin, under 7.5%, and there is zero dividend to compensate while I wait. In agricultural commodities, earnings can swing with monsoons and prices; a high P/E can signal a cyclical trough, not a bargain. I need evidence that the decline is stabilising—stable sales, better margins, and improving cash flow. Until then, paying a premium for a shrinking business fails my test. I would rather miss the turn than overpay for hope.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer