Multibagger Stock,Bright Brothers ltd, By Shivam Luhareeya

 Respected readers,

            After long time here Grow Further again come up with our new recommendation for value investing Is Bright Brothers Ltd....

But Why Grow Further think that this, stock can be better for investing..lets know the reason

Stock Detail:-

CMP :-150 ₹

MARKET CAP:-88 Cr.

BSE CODE:-526731

NSE CODE:-BRIGHTBROS

About Company:-

                  Bright Brothers Limited was established in the year 1947. Bright has a long experience and a very good reputation as a plastic products supplier to the top Indian and MNC OE customers with a high degree of Customer satisfaction. We have an advantage of being in multiple locations.Brite is one of the renowned brands offering Consumer Durable and Plastic Household Containers for various residential and commercial purposes.

        They deal in a vast range of Plastic Moulders, Plastic Molding and Consumer Durable Products as per the demand of home and industrial needs. We focus on quality by using high grade materials and most advanced technology. Excellence and maximum customer satisfaction is our motto that makes us unique brand in the market.

2.Face value :-

Bright Brothers ltd comapny Face value is  

10 Rupees,

3.Dividend History of company Are as below:-

So here we can say company Regularly paying good dividend to their Retail investors ,so this things also.make this company a Value buy for Value Investors

4.Companys Year high 225.90 ₹ and Year low is 68 ₹ so here,

Year high/Year low ratio become 3.32

But due to corona matket crash this volatility acceptable.

5.Promoters Holding:-

 Here as per insider Trading data source we noticed that Promoters are also bullish on this stock and something big is upcoming thats why promoters continuesly buying from sep month..as you can see in below image

6.Companys price to sell ratio is More than 356Rupees, 

so we can say that at 150rs This stock is value buy.

7.INDUSTRY STRUCTURE AND DEVELOPMENT

The Indian plastics industry has been developing fast with market growth and diversification in recent years. In India, there are around 30,000 plastic processing units of which 85-90% are small and mediumsized enterprises, over 7000 recycling units and numerous end-users, which ensure an effective industry chain in the country. These enterprises employ more than 4 million people. Key factors that are increasing plastic consumption are construction, automotive, and electrical & electronics industries,

 

               and growing population coupled.  with rapid urbanization and industrialization in emerging economies. 
The global plastic market size was valued at USD 579.7 billion in 2020 and is expected to expand at a 
compound annual growth rate (CAGR) of 3.4% from 2021 to 2028.

8.GROWTH DRIVER:

Your Company is a majority supplier to the fully automatic washing machine segment for our major customer Whirlpool of India. Fortunately the continued change in market demand is fueling good  growth in the fully automatic washing machine segment and will continue to help utilize our installed  capacities for the same moving forward. Your Company has increased its footprint in the Air Conditioning segment.

DIVO has expanded its customer base for private label supplies by utilizing its strong sourcing network. 

OPPORTUNITIES:

• The market sentiment continues to focus on more indigenization of manufacturing and sourcing 

from domestic suppliers. Owing to the same, there is a continued growth in the segments which 

your Company supplies to. 

• The change in consumer habits due to COVID-19 has seen a boost in certain consumer durable segments. 

THREAT: 

• The primary business of the Company is supplying the consumer durable industry, the nature of 

which is highly competitive and price revisions are hard to come by, due to which margins remain 

tight.

• The haircare and beauty care division i.e. DIVO is based on trading and imports and hence any 

depreciation in Indian currency can have an adverse impact on margins.

OUTLOOK

• The outlook is bullish for India, despite COVID-19. Although the Indian economy is impacted, the 

segments your Company is catering to are seeing continued growth. 

• Your Company has been focusing on cost optimization and lean manufacturing which will 

improve the profitability as the market demand returns back to normal post lifting of COVID-19 

9.For more Information and detail analysis you can watch our video on our youtube channel

Youtube Video Link:- Bright Brothers analysis