{"id":32512,"date":"2024-07-17T18:10:42","date_gmt":"2024-07-17T12:40:42","guid":{"rendered":"https:\/\/bizzsight.com\/index.php\/2024\/07\/17\/bartronics-india-ltd-a-leading-provider-of-identification-and-data-capture-solutions\/"},"modified":"2024-07-17T18:10:42","modified_gmt":"2024-07-17T12:40:42","slug":"bartronics-india-ltd-a-leading-provider-of-identification-and-data-capture-solutions","status":"publish","type":"post","link":"https:\/\/bizzsight.com\/index.php\/2024\/07\/17\/bartronics-india-ltd-a-leading-provider-of-identification-and-data-capture-solutions\/","title":{"rendered":"Bartronics India Ltd: A Leading Provider of Identification and Data Capture Solutions"},"content":{"rendered":"<div>\n<div>\n<p><strong>New Delhi (India), July 17: <\/strong><a href=\"https:\/\/www.cnbctv18.com\/market\/stocks\/kinex-india-to-sell-4-43-pc-stake-in-bartronics-via-ofs-on-july-11-and-12-bartronics-share-price-19441352.htm\" target=\"_blank\" rel=\"noopener\">Bartronics India Ltd<\/a>, founded in 1990, is a company that specializes in helping businesses track and identify things efficiently. They achieve this through what\u2019s called Automatic Identification and Data Capture (AIDC) solutions.<\/p>\n<p><strong><u>What do they do?<\/u><\/strong><\/p>\n<p>Bartronics started by offering barcode-based solutions and has become a leader in India for various AIDC technologies. They can create and use tools like:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Barcodes:<\/strong> You\u2019ve probably seen these on products at the store. They allow for quick scanning and identification.<\/li>\n<li><strong>Biometrics:<\/strong> This uses physical features like fingerprints or facial recognition for security purposes.<\/li>\n<li><strong>RFID (Radio Frequency Identification):<\/strong> These are tiny chips that can be attached to items and tracked wirelessly.<\/li>\n<li><strong>Smart Cards:<\/strong> These are secure cards with embedded chips that can hold information and be used for various purposes.<\/li>\n<\/ul>\n<p><strong><u>Their Services<\/u><\/strong><\/p>\n<p>Bartronics offers a wide range of services in different sectors using these technologies<\/p>\n<p><strong>Internet of Things (IoT):<\/strong> This refers to connecting devices to the internet. Bartronics offers IoT solutions for various purposes, like tracking employees\u2019 attendance, controlling access to buildings, or managing assets.<\/p>\n<p><strong>Government Services:<\/strong> Bartronics helps the government run programs more smoothly. They are involved in programs related to healthcare which is <strong>Rashtriya Swasthya Bima Yojna and food distribution [EPDS]<\/strong><\/p>\n<p><strong>Banking: <\/strong>They help banks with projects like including more people in the financial system and setting up authorised agents to offer basic banking services.<\/p>\n<p><strong><u>Restructuring:<\/u><\/strong><\/p>\n<p>Bartronics has undergone some changes recently. They faced financial challenges and went through a restructuring process in 2019. Bartronics India, the company listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE), underwent a resolution process under the Insolvency and Bankruptcy Code (IBC) in 2023. Kinex India Private Limited emerged as the successful resolution applicant and acquired Bartronics India in May 2023<strong>. Following the acquisition, Kinex India restructured Bartronics India\u2019s operations and ensured its financial stability.<\/strong><\/p>\n<p><strong><u>Financial Snapshot: [Last year]<\/u><\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>Compounded Profit growth: 108%<\/li>\n<li>Stock Price CAGR: 69%<\/li>\n<li>Return on Equity: 8%<\/li>\n<li><strong>Borrowings: 0<\/strong><\/li>\n<li>Assets: 29.74 cr.<\/li>\n<\/ul>\n<p><strong><u>Current Scenario<\/u><\/strong>:<\/p>\n<ul class=\"wp-block-list\">\n<li>Kinex India sells <strong>4.43%<\/strong> stake in Bartronics via an<strong> Offer for Sale (OFS),<\/strong> which received a full subscription, indicating strong investor interest in Bartronics India.<\/li>\n<li>A major positive is Bartronics\u2019 <strong>debt-free status<\/strong>. In March\u201922 they had debt of <strong>1155 cr.<\/strong><\/li>\n<li>In March\u201923 there <strong>ROCE<\/strong> is <strong>-0.30%<\/strong> while in March\u201924 it is <strong>3.74%<\/strong><\/li>\n<li><strong>Debtor Days<\/strong> reduced to <strong>3.36<\/strong> from <strong>15.73<\/strong> days.<\/li>\n<li>Promoters\u2019 Holding also increased to <strong>90%<\/strong> in <strong>March\u201924.<\/strong><\/li>\n<\/ul>\n<p><strong><u>Recommendations:<\/u><\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>Strong historical performance with <strong>108%<\/strong> compounded profit growth and <strong>69% CAGR<\/strong> in stock price.<\/li>\n<li>Return on equity of <strong>8%<\/strong> indicates efficient use of shareholder capital.<\/li>\n<li>Debt-free company, is a major positive, which indicates less liability.<\/li>\n<li>The recent OFS for Bartronics received full subscription, indicating strong investor interest in the company.<\/li>\n<li>Bartronics\u2019 turnaround is impressive, with ROCE turning positive from -0.30% to 3.74% in a year.<\/li>\n<li>Improved working capital management is evident by the significant reduction in debtor days.<\/li>\n<li>Increased promoter holding to <strong>90%<\/strong> demonstrates confidence in the company\u2019s future.<\/li>\n<\/ul>\n<p><strong><u>Investment Recommendation:<\/u><\/strong><\/p>\n<p>Considering Bartronics\u2019 positive turnaround, the company appears to be on a good growth trajectory. The debt-free status, improved profitability, working capital management, and increased promoter holding further strengthen the investment case.<\/p>\n<p>Disclaimer: This blog contains information and updated news related to Felix Industries Limited. The content presented here is for informational purposes only and should not be construed as financial or investment advice.<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (India), July 17: Bartronics India Ltd, founded in 1990, is a company that specializes in helping businesses track and identify things efficiently. They achieve this through what\u2019s called Automatic Identification and Data Capture (AIDC) solutions. What do they do? Bartronics started by offering barcode-based solutions and has become a leader in India for [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[248],"tags":[638],"class_list":["post-32512","post","type-post","status-publish","format-standard","hentry","category-technology","tag-technology"],"_links":{"self":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts\/32512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/comments?post=32512"}],"version-history":[{"count":0,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts\/32512\/revisions"}],"wp:attachment":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/media?parent=32512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/categories?post=32512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/tags?post=32512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}