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Last Updated on: 27 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

India Glycols Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 26, 2024, 9:52 pm

Market Cap 3,694 Cr.
Current Price 1,196
High / Low1,549/679
Stock P/E19.0
Book Value 690
Dividend Yield0.67 %
ROCE11.0 %
ROE9.07 %
Face Value 10.0
PEG Ratio2.74

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for India Glycols Ltd

Competitors of India Glycols Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of India Glycols Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales560712752651780795642808670554619689775
Expenses494644665596714741563746602487523589679
Operating Profit666887556655806368679610096
OPM %12%10%12%8%8%7%12%8%10%12%16%15%12%
Other Income914182521714-91693561212
Interest21222118171718222427262829
Depreciation19202120202021212121302128
Profit before tax353962269473132353153466450
Tax %23%24%-14%21%21%23%-111%20%25%6%13%20%24%
Net Profit273071211372467282450405138
EPS in Rs8.589.6322.9368.3012.047.7521.679.378.089.9313.0216.5212.28

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,7583,4232,9772,5792,3242,5003,0343,3572,7352,3172,8682,6512,637
Expenses2,4233,0522,7742,4552,1492,2632,7122,9412,4332,0262,5992,3462,278
Operating Profit335370203124175237322416303291269305358
OPM %12%11%7%5%8%9%11%12%11%13%9%12%14%
Other Income2210-174-16-477231724152605464
Interest151150150163139127125143978370100110
Depreciation859091896972737678808094100
Profit before tax120140-212-144-8145147213153143379165213
Tax %44%32%24%38%30%22%34%38%25%8%10%15%
Net Profit6796-161-89-573597133115132340141179
EPS in Rs30.85-52.12-28.63-18.3511.3231.1842.8337.0342.51109.7740.4051.75
Dividend Payout %12%19%-2%0%0%9%13%14%16%14%7%19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)43.28%-267.71%44.72%35.96%161.40%177.14%37.11%-13.53%14.78%157.58%-58.53%
Change in YoY Net Profit Growth (%)0.00%-310.99%312.43%-8.77%125.45%15.74%-140.03%-50.65%28.32%142.79%-216.11%

India Glycols Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:0%
3 Years:12%
TTM:43%
Compounded Profit Growth
10 Years:25%
5 Years:6%
3 Years:5%
TTM:35%
Stock Price CAGR
10 Years:26%
5 Years:42%
3 Years:12%
1 Year:64%
Return on Equity
10 Years:9%
5 Years:10%
3 Years:9%
Last Year:9%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:32 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital31313131313131313131313131
Reserves5053412666877218149321,0031,1381,7611,8702,0202,105
Borrowings1,7692,0532,2641,2361,0958341,0009991,1371,0471,1121,3481,655
Other Liabilities8138185931,6651,6451,7421,8212,0531,8141,7921,8452,2181,761
Total Liabilities3,1183,2433,1543,6203,4923,4213,7844,0864,1194,6314,8585,6175,552
Fixed Assets1,2161,3091,1462,0292,1112,1562,1732,2282,1932,3182,7173,2053,293
CWIP202137162181918913717212624312584200
Investments17444282524212627336318335357
Other Assets1,5261,7921,8431,3821,2651,1521,4531,6601,7741,7341,6981,9931,702
Total Assets3,1183,2433,1543,6203,4923,4213,7844,0864,1194,6314,8585,6175,552

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +817-234-1711,231302502147343137116326439
Cash from Investing Activity +-227110175-78-40-103-128-151-14876-330-503
Cash from Financing Activity +-58287-4-1,168-263-3993-21611-189-190
Net Cash Flow8-38-0-15-1-022-23-04-525

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow335.00369.00201.00122.00174.00236.00-512.00415.00-696.00290.00268.00304.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days325462575740357657515943
Inventory Days9210910912812987124146166148209224
Days Payable839155120144152143155158137209222
Cash Conversion Cycle40721156642-25176765626044
Working Capital Days5078906612-8111934304
ROCE %12%5%3%5%9%15%20%14%10%9%8%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters61.01%61.01%61.01%61.02%61.02%61.02%61.02%61.02%61.02%61.02%61.02%61.02%
FIIs2.19%2.18%1.31%1.31%1.22%1.17%1.16%1.29%1.57%1.80%1.75%2.90%
DIIs4.39%4.61%5.20%3.76%3.75%4.17%1.97%0.06%0.11%0.08%0.09%1.93%
Public32.41%32.19%32.47%33.92%34.00%33.64%35.86%37.63%37.30%37.11%37.15%34.15%
No. of Shareholders39,98543,32943,21143,15942,82342,86943,85347,47647,25959,57957,76854,751

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund11,6670.170.7811,6672024-11-250%
Groww Nifty Total Market Index Fund270.01011,6672024-11-25-99.77%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)55.8745.55109.7742.5137.03
Diluted EPS (Rs.)55.8745.55109.7742.5137.03
Cash EPS (Rs.)83.0472.23128.9568.1562.20
Book Value[Excl.RevalReserv]/Share (Rs.)662.44614.12572.46377.41333.92
Book Value[Incl.RevalReserv]/Share (Rs.)662.44614.12572.46377.41333.92
Revenue From Operations / Share (Rs.)1063.89856.18926.41748.35883.50
PBDIT / Share (Rs.)138.26103.1789.3891.4992.88
PBIT / Share (Rs.)105.7272.8263.4565.6167.84
PBT / Share (Rs.)66.7449.62112.4438.6836.54
Net Profit / Share (Rs.)50.4941.88103.0242.2737.16
NP After MI And SOA / Share (Rs.)55.8740.40109.7742.5137.03
PBDIT Margin (%)12.9912.049.6412.2210.51
PBIT Margin (%)9.938.506.848.767.67
PBT Margin (%)6.275.7912.135.164.13
Net Profit Margin (%)4.744.8911.125.644.20
NP After MI And SOA Margin (%)5.254.7111.845.684.19
Return on Networth / Equity (%)8.436.5718.9611.2611.08
Return on Capital Employeed (%)10.097.536.818.639.99
Return On Assets (%)3.072.577.333.192.80
Long Term Debt / Equity (X)0.350.280.300.430.39
Total Debt / Equity (X)0.640.570.580.840.86
Asset Turnover Ratio (%)0.620.550.680.550.69
Current Ratio (X)0.810.880.910.960.80
Quick Ratio (X)0.350.470.520.620.46
Inventory Turnover Ratio (X)1.962.002.571.841.79
Dividend Payout Ratio (NP) (%)13.4218.565.460.0039.06
Dividend Payout Ratio (CP) (%)8.4810.604.420.0023.30
Earning Retention Ratio (%)86.5881.4494.540.0060.94
Cash Earning Retention Ratio (%)91.5289.4095.580.0076.70
Interest Coverage Ratio (X)3.553.203.973.402.97
Interest Coverage Ratio (Post Tax) (X)2.302.022.252.301.78
Enterprise Value (Cr.)3526.292881.374053.872184.041458.93
EV / Net Operating Revenue (X)1.071.091.410.940.53
EV / EBITDA (X)8.249.0214.657.715.07
MarketCap / Net Operating Revenue (X)0.710.711.090.550.24
Retention Ratios (%)86.5781.4394.530.0060.93
Price / BV (X)1.140.991.751.100.63
Price / Net Operating Revenue (X)0.710.711.090.550.24
EarningsYield0.070.060.100.100.17

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of India Glycols Ltd as of November 27, 2024 is: 1,197.04

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 27, 2024, India Glycols Ltd is Undervalued by 0.09% compared to the current share price 1,196.00

Intrinsic Value of India Glycols Ltd as of November 27, 2024 is: 1,279.91

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 27, 2024, India Glycols Ltd is Undervalued by 7.02% compared to the current share price 1,196.00

Last 5 Year EPS CAGR: 6.92%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (2.23 cr) and profit (98.54 cr) over the years.
  1. The stock has a low average ROCE of 10.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 31.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 52.08, which may not be favorable.
  4. The company has higher borrowings (1,349.92) compared to reserves (1,089.46), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in India Glycols Ltd:
    1. Net Profit Margin: 4.74%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.09% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 8.43% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.3
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.35
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 19 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.64
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

India Glycols Ltd. is a Public Limited Listed company incorporated on 19/11/1983 and has its registered office in the State of Uttarakhand/Uttaranchal, India. Company’s Corporate Identification Number(CIN) is L24111UR1983PLC009097 and registration number is 009097. Currently Company is involved in the business activities of Manufacture of medicinal substances used in the manufacture of pharmaceuticals: antibiotics, endocrine products, basic vitamins; opium derivatives; sulpha drugs; serums and plasmas; salicylic acid, its salts and esters; glycosides and vegetable alkaloids; chemically pure suger etc.. Company’s Total Operating Revenue is Rs. 2863.23 Cr. and Equity Capital is Rs. 30.96 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - Alcohol Based6A-1, Industrial Area, Bazpur Road, Udham Singh Nagar Uttarakhand/Uttaranchal 244713compliance.officer@indiaglycols.com
http://www.indiaglycols.com
Management
NamePosition Held
Mr. U S BhartiaChairman & Managing Director
Mr. Pragya Bhartia BarwaleExecutive Director
Mr. Alok SinghalExecutive Director
Mr. Pradip Kumar KhaitanIndependent Director
Mr. Jitender BalakrishnanIndependent Director
Mr. Ravi JhunjhunwalaIndependent Director
Mr. Jagmohan N KejriwalIndependent Director
Ms. Shukla WassonIndependent Director
Mr. Ravi KumarIndependent Director
Mrs. Jayshree BhartiaDirector

FAQ

What is the latest intrinsic value of India Glycols Ltd?

The latest intrinsic value of India Glycols Ltd as on 27 November 2024 is ₹1197.04, which is 0.09% higher than the current market price of ₹1,196.00.

What is the Market Cap of India Glycols Ltd?

The Market Cap of India Glycols Ltd is 3,694 Cr..

What is the current Stock Price of India Glycols Ltd as on 27 November 2024?

The current stock price of India Glycols Ltd as on 27 November 2024 is 1,196.

What is the High / Low of India Glycols Ltd stocks in FY 2024?

In FY 2024, the High / Low of India Glycols Ltd stocks is 1,549/679.

What is the Stock P/E of India Glycols Ltd?

The Stock P/E of India Glycols Ltd is 19.0.

What is the Book Value of India Glycols Ltd?

The Book Value of India Glycols Ltd is 690.

What is the Dividend Yield of India Glycols Ltd?

The Dividend Yield of India Glycols Ltd is 0.67 %.

What is the ROCE of India Glycols Ltd?

The ROCE of India Glycols Ltd is 11.0 %.

What is the ROE of India Glycols Ltd?

The ROE of India Glycols Ltd is 9.07 %.

What is the Face Value of India Glycols Ltd?

The Face Value of India Glycols Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in India Glycols Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE