Chamanlal Setia Exports Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:14 am

Market Cap	2,075 Cr.
Current Price	401
High / Low	443/181
Stock P/E	18.6
Book Value	131
Dividend Yield	0.56 %
ROCE	20.2 %
ROE	17.4 %
Face Value	2.00
PEG Ratio	3.00

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
GRM Overseas Ltd	1,156 Cr.	193	289/113	22.2	60.6	0.00 %	12.9 %	18.3 %	2.00
Freshtrop Fruits Ltd	133 Cr.	167	183/121		145	0.00 %	6.40 %	51.6 %	10.0
Chamanlal Setia Exports Ltd	2,075 Cr.	401	443/181	18.6	131	0.56 %	20.2 %	17.4 %	2.00
Mangalam Global Enterprise Ltd	402 Cr.	24.4	32.0/15.9	14.5	11.6	0.08 %	13.8 %	15.2 %	2.00
LT Foods Ltd	14,314 Cr.	412	452/160	23.8	105	0.36 %	21.1 %	19.3 %	1.00
Industry Average	3,240.00 Cr	289.85		31.91	114.89	0.29%	12.89%	17.86%	3.58

All Competitor Stocks of

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	167	219	310	410	266	354	357	263	309	400	384	363	369
Expenses	153	197	275	377	240	303	309	225	273	348	348	331	333
Operating Profit	14	22	34	33	26	51	49	39	36	52	36	32	36
OPM %	8%	10%	11%	8%	10%	15%	14%	15%	12%	13%	9%	9%	10%
Other Income	1	2	0	0	3	2	7	1	2	4	2	2	2
Interest	1	2	2	1	1	2	3	2	1	3	4	2	1
Depreciation	1	1	2	1	1	1	2	1	1	2	2	1	1
Profit before tax	13	21	30	31	26	50	50	37	35	52	31	30	36
Tax %	25%	25%	25%	27%	23%	25%	25%	25%	25%	25%	25%	25%	25%
Net Profit	10	16	22	22	20	37	38	27	26	39	23	23	27
EPS in Rs	1.86	3.09	4.35	4.30	3.90	7.24	7.30	5.31	5.07	7.48	4.49	4.37	5.16

Last Updated: November 6, 2024, 7:04 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	272	416	508	483	493	747	765	798	851	932	1,387	1,356	1,455
Expenses	248	383	471	424	429	677	702	719	734	837	1,228	1,194	1,300
Operating Profit	24	32	37	59	65	70	63	79	118	95	159	162	155
OPM %	9%	8%	7%	12%	13%	9%	8%	10%	14%	10%	11%	12%	11%
Other Income	1	2	2	5	3	2	2	3	3	4	11	10	10
Interest	4	4	6	4	5	8	7	7	6	7	7	10	10
Depreciation	3	3	3	3	4	4	4	5	5	5	6	7	7
Profit before tax	18	27	30	57	58	60	53	70	110	87	157	155	148
Tax %	32%	33%	34%	35%	34%	31%	35%	25%	25%	25%	25%	25%
Net Profit	12	18	20	37	39	42	34	52	82	65	118	116	111
EPS in Rs	2.30	3.51	3.75	7.21	7.45	8.05	6.65	10.14	15.85	12.56	22.75	22.35	21.41
Dividend Payout %	9%	8%	10%	11%	5%	5%	7%	5%	4%	0%	4%	10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	50.00%	11.11%	85.00%	5.41%	7.69%	-19.05%	52.94%	57.69%	-20.73%	81.54%	-1.69%
Change in YoY Net Profit Growth (%)	0.00%	-38.89%	73.89%	-79.59%	2.29%	-26.74%	71.99%	4.75%	-78.42%	102.27%	-83.23%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	13%
5 Years:	12%
3 Years:	17%
TTM:	18%

Compounded Profit Growth
10 Years:	20%
5 Years:	28%
3 Years:	12%
TTM:	-14%

Stock Price CAGR
10 Years:	43%
5 Years:	55%
3 Years:	60%
1 Year:	74%

Return on Equity
10 Years:	22%
5 Years:	20%
3 Years:	19%
Last Year:	17%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:00 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	9	9	9	9	10	10	10	10	10	10	10	10	10
Reserves	42	57	70	101	137	184	215	263	339	399	598	704	665
Borrowings	35	61	50	24	44	73	106	68	96	118	121	175	48
Other Liabilities	20	29	37	48	61	66	64	83	74	94	89	105	151
Total Liabilities	106	157	167	183	252	333	396	424	519	621	818	994	874
Fixed Assets	20	21	22	22	22	27	29	37	48	52	133	143	149
CWIP	0	0	0	0	1	3	2	10	5	6	9	5	1
Investments	0	0	0	1	0	13	13	1	0	0	0	0	1
Other Assets	86	135	145	159	228	290	352	376	466	562	676	846	722
Total Assets	106	157	167	183	252	333	396	424	519	621	818	994	874

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	13	-21	21	63	-17	-49	-22	51	37	-58	7	-38
Cash from Investing Activity +	-4	3	3	1	-3	-10	-5	-19	-8	-7	-4	-6
Cash from Financing Activity +	-15	26	-11	-25	19	22	26	-33	22	15	-4	45
Net Cash Flow	-6	8	13	39	-1	-37	-1	-0	51	-50	-1	0

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-11.00	-29.00	-13.00	35.00	21.00	-3.00	-43.00	11.00	22.00	-23.00	38.00	-13.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	34	42	34	24	25	40	54	46	51	68	40	54
Inventory Days	77	75	62	53	112	96	113	131	145	184	149	180
Days Payable	7	6	3	4	6	5	7	14	9	15	3	3
Cash Conversion Cycle	105	110	93	73	130	131	159	163	186	237	186	231
Working Capital Days	85	89	68	47	88	105	136	128	141	181	143	182
ROCE %	25%	29%	28%	46%	39%	29%	20%	23%	30%	19%	26%	20%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	73.87%	73.87%	73.87%	73.87%	73.87%	73.87%	73.89%	73.89%	73.86%	73.86%	73.86%	74.05%
FIIs	0.06%	0.10%	0.15%	0.20%	0.34%	1.17%	1.85%	1.72%	1.88%	1.77%	2.04%	1.40%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%	0.38%	0.28%	0.00%	0.00%	1.30%
Public	26.07%	26.03%	25.99%	25.95%	25.80%	24.94%	24.26%	24.01%	23.98%	24.37%	24.11%	23.25%
No. of Shareholders	21,169	21,742	22,744	23,050	22,093	20,717	21,874	26,740	26,631	33,298	33,296	31,944

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	22.36	22.76	12.57	15.86	10.15
Diluted EPS (Rs.)	22.36	22.76	12.57	15.86	10.15
Cash EPS (Rs.)	23.72	23.88	13.58	16.84	11.08
Book Value[Excl.RevalReserv]/Share (Rs.)	122.58	102.19	79.17	67.58	52.82
Book Value[Incl.RevalReserv]/Share (Rs.)	138.01	117.61	79.17	67.58	52.82
Dividend / Share (Rs.)	2.25	0.00	0.00	0.56	0.50
Revenue From Operations / Share (Rs.)	262.04	268.17	180.25	164.59	154.19
PBDIT / Share (Rs.)	33.14	32.93	19.15	23.43	15.79
PBIT / Share (Rs.)	31.78	31.79	18.14	22.45	14.85
PBT / Share (Rs.)	29.87	30.39	16.83	21.20	13.55
Net Profit / Share (Rs.)	22.35	22.75	12.56	15.85	10.14
PBDIT Margin (%)	12.64	12.27	10.62	14.23	10.24
PBIT Margin (%)	12.12	11.85	10.06	13.63	9.63
PBT Margin (%)	11.39	11.33	9.33	12.87	8.79
Net Profit Margin (%)	8.53	8.48	6.96	9.63	6.57
Return on Networth / Equity (%)	18.23	22.25	15.86	23.45	19.20
Return on Capital Employeed (%)	21.29	24.93	20.10	28.42	23.83
Return On Assets (%)	11.62	14.38	10.46	15.79	12.38
Long Term Debt / Equity (X)	0.08	0.09	0.13	0.16	0.17
Total Debt / Equity (X)	0.27	0.22	0.28	0.27	0.24
Asset Turnover Ratio (%)	1.50	1.93	1.64	1.81	1.97
Current Ratio (X)	3.80	4.27	3.64	4.21	3.72
Quick Ratio (X)	1.56	1.65	1.51	2.10	1.61
Inventory Turnover Ratio (X)	0.46	0.41	0.38	0.42	0.50
Dividend Payout Ratio (NP) (%)	0.00	0.00	4.45	3.15	5.70
Dividend Payout Ratio (CP) (%)	0.00	0.00	4.12	2.96	5.22
Earning Retention Ratio (%)	0.00	0.00	95.55	96.85	94.30
Cash Earning Retention Ratio (%)	0.00	0.00	95.88	97.04	94.78
Interest Coverage Ratio (X)	17.38	23.39	14.61	18.76	12.18
Interest Coverage Ratio (Post Tax) (X)	12.72	17.16	10.58	13.69	8.83
Enterprise Value (Cr.)	1161.85	964.46	618.56	477.26	230.50
EV / Net Operating Revenue (X)	0.85	0.69	0.66	0.56	0.28
EV / EBITDA (X)	6.78	5.66	6.24	3.94	2.82
MarketCap / Net Operating Revenue (X)	0.77	0.64	0.54	0.52	0.22
Retention Ratios (%)	0.00	0.00	95.54	96.84	94.29
Price / BV (X)	1.66	1.68	1.24	1.27	0.65
Price / Net Operating Revenue (X)	0.77	0.64	0.54	0.52	0.22
EarningsYield	0.10	0.13	0.12	0.18	0.29

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 426.34

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 December 22, 2024, is Undervalued by 6.32% compared to the current share price 401.00

Intrinsic Value of as of December 22, 2024 is: 452.77

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 December 22, 2024, is Undervalued by 12.91% compared to the current share price 401.00

Last 5 Year EPS CAGR: 6.20%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 27.83%, which is a positive sign. The company has higher reserves (290.31 cr) compared to borrowings (78.38 cr), indicating strong financial stability. The company has shown consistent growth in sales (482.15 cr) and profit (79.23 cr) over the years.	The stock has a high average Working Capital Days of 116.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 150.33, which may not be favorable.

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 :
1. Net Profit Margin: 8.53%
  - 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: 21.29% (Industry Average ROCE: 12.89%)
  - 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%: 18.23% (Industry Average ROE: 17.86%)
  - 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): 12.72
  - 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: 1.56
  - 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: 18.6 (Industry average Stock P/E: 31.91)
  - 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: 0.27
  - 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

Chaman Lal Setia Exports Ltd. is a Public Limited Listed company incorporated on 21/09/1994 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L51909PB1994PLC015083 and registration number is 015083. Currently Company is involved in the business activities of Rice milling. Company’s Total Operating Revenue is Rs. 932.49 Cr. and Equity Capital is Rs. 10.35 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Agricultural Products	Meeran Kot Road, Amritsar Punjab 143002	clsetia@rediffmail.com http://www.maharanirice.in

Management
Name	Position Held
Mr. Vijay Kumar Setia	Chairman & Managing Director
Mr. Rajeev Setia	Joint Managing Director & CFO
Mrs. Shweta Setia	Whole Time Director
Mr. Ankit Setia	Whole Time Director
Mr. Sankesh Setia	Whole Time Director
Mr. Vijay Kumar Jhamb	Independent Director
Mr. Arun Kumar Verma	Independent Director
Ms. Pooja Kukar	Independent Director
Mrs. Amar Jyoti Bagga	Independent Woman Director
Mr. Avaljot Singh	Independent Director
Mrs. Ridhima Bahl	Independent Director
Mr. Sakshi Sodhi	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹426.34, which is 6.32% higher than the current market price of ₹401.00. The stock has a market capitalization of 2,075 Cr. and recorded a high/low of 443/181 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹665 Cr and total liabilities of ₹874 Cr.

What is the Market Cap of ?

The Market Cap of is 2,075 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 401.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 443/181.

What is the Stock P/E of ?

The Stock P/E of is 18.6.

What is the Book Value of ?

The Book Value of is 131.

What is the Dividend Yield of ?

The Dividend Yield of is 0.56 %.

What is the ROCE of ?

The ROCE of is 20.2 %.

What is the ROE of ?

The ROE of is 17.4 %.

What is the Face Value of ?

The Face Value of is 2.00.