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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Bodal Chemicals Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:46 am

Market Cap 861 Cr.
Current Price 68.4
High / Low 101/65.8
Stock P/E538
Book Value 86.0
Dividend Yield0.00 %
ROCE3.46 %
ROE1.13 %
Face Value 2.00
PEG Ratio-13.64

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

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dynamic Industries Ltd 32.3 Cr. 107 124/64.034.0 1570.47 %0.04 %0.49 % 10.0
Daikaffil Chemicals India Ltd 144 Cr. 240 261/72.0 16.10.00 %17.3 %17.4 % 10.0
Amal Ltd 554 Cr. 448 489/29664.3 61.40.00 %6.58 %2.42 % 10.0
Vidhi Specialty Food Ingredients Ltd 2,715 Cr. 544 570/38271.4 58.00.37 %17.3 %13.8 % 1.00
Ushanti Colour Chem Ltd 63.0 Cr. 56.0 70.2/49.8 38.60.00 %0.21 %5.88 % 10.0
Industry Average1,410.00 Cr352.2680.49162.220.23%8.57%7.14%8.24

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales366.15432.73421.81469.71561.81597.30458.95401.22320.73389.58332.49330.00338.55
Expenses327.53386.56372.91421.15493.49543.50409.12369.13296.18362.67310.28306.51314.68
Operating Profit38.6246.1748.9048.5668.3253.8049.8332.0924.5526.9122.2123.4923.87
OPM %10.55%10.67%11.59%10.34%12.16%9.01%10.86%8.00%7.65%6.91%6.68%7.12%7.05%
Other Income7.01-0.136.371.75-12.152.593.781.692.223.898.785.934.65
Interest3.465.797.496.319.236.4512.087.2610.1111.5813.1513.4212.09
Depreciation7.577.789.6611.6311.5811.9412.3312.1913.9214.6514.6514.3114.52
Profit before tax34.6032.4738.1232.3735.3638.0029.2014.332.744.573.191.691.91
Tax %21.50%33.05%24.45%31.33%43.30%24.08%22.84%28.33%11.31%38.51%30.72%26.04%49.21%
Net Profit27.1621.7428.8022.2420.0528.8422.5310.272.432.812.211.240.98
EPS in Rs2.171.932.441.951.992.521.950.840.190.220.180.100.08

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
Sales6145279601,0439081,2331,1421,4241,3751,2262,0551,5741,391
Expenses6105087708597581,0079461,1871,2371,1401,8351,4411,294
Operating Profit4201891841502261962361388722013396
OPM %1%4%20%18%16%18%17%17%10%7%11%8%7%
Other Income64-70519158131016-21223
Interest35404727129591917294150
Depreciation16162522262912212830475358
Profit before tax-41-3347139131204186219101551425111
Tax %27%30%35%34%34%35%33%35%15%28%31%25%
Net Profit-30-23309286133122141864099387
EPS in Rs-2.73-2.122.768.417.8812.1810.0311.727.123.438.513.030.58
Dividend Payout %0%0%0%0%8%7%8%7%11%23%9%3%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)23.33%230.43%206.67%-6.52%54.65%-8.27%15.57%-39.01%-53.49%147.50%-61.62%
Change in YoY Net Profit Growth (%)0.00%207.10%-23.77%-213.19%61.17%-62.92%23.84%-54.58%-14.48%200.99%-209.12%

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:4%
5 Years:0%
3 Years:4%
TTM:15%
Compounded Profit Growth
10 Years:-17%
5 Years:-39%
3 Years:-33%
TTM:-82%
Stock Price CAGR
10 Years:8%
5 Years:5%
3 Years:-15%
1 Year:-16%
Return on Equity
10 Years:12%
5 Years:6%
3 Years:5%
Last Year:1%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:34 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital22222222222424242424252525
Reserves13431352133416738059079571,0281,0531,0571,058
Borrowings364397234143151181171257454676760904836
Other Liabilities75131144132193194290267314385283294309
Total Liabilities4735935345107071,0721,2901,4551,7492,1132,1202,2812,229
Fixed Assets2651681901922224376096568048179671,3141,295
CWIP093091926714701936869
Investments1122171763600130
Other Assets2074153393164595996507899241,227960886864
Total Assets4735935345107071,0721,2901,4551,7492,1132,1202,2812,229

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1449198131104718610-13-14290204
Cash from Investing Activity +-2-17-35-23-67-256-128-79-168-170-315-263
Cash from Financing Activity +-13-32-162-109-23236-51761781813366
Net Cash Flow-110-114-1377-3-387

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow4.00-344.00-208.00-50.007.0075.0015.0065.00-119.00-367.00-456.00-627.00

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 Days6186696756918512113910597100
Inventory Days6072435760598691141141119139
Days Payable67666267737991871028172102
Cash Conversion Cycle55925058437179124178165144137
Working Capital Days728966756311590133176137141138
ROCE %2%39%39%35%46%27%24%11%5%12%5%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters58.94%58.94%58.94%58.94%58.87%57.47%57.47%57.39%57.39%57.39%57.39%57.39%
FIIs2.87%2.99%2.97%3.06%3.09%2.42%2.43%2.37%0.45%0.30%0.77%0.19%
DIIs0.02%0.14%0.17%0.17%0.16%0.16%0.14%0.01%0.03%0.01%0.01%0.01%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public38.16%37.92%37.91%37.82%37.88%39.94%39.97%40.22%42.12%42.29%41.82%42.41%
No. of Shareholders57,07458,99659,50659,67963,24764,22564,79566,07377,81676,86777,33277,495

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)0.513.038.793.257.13
Diluted EPS (Rs.)0.513.038.793.247.13
Cash EPS (Rs.)5.327.2511.865.749.35
Book Value[Excl.RevalReserv]/Share (Rs.)86.0485.7985.9280.1076.67
Book Value[Incl.RevalReserv]/Share (Rs.)86.0485.7985.9280.1076.67
Revenue From Operations / Share (Rs.)110.87125.32167.42100.26112.39
PBDIT / Share (Rs.)9.5011.5419.348.3812.10
PBIT / Share (Rs.)4.697.3115.545.899.78
PBT / Share (Rs.)0.374.0511.604.538.23
Net Profit / Share (Rs.)0.513.038.063.257.03
NP After MI And SOA / Share (Rs.)0.513.038.793.437.13
PBDIT Margin (%)8.569.2011.558.3510.76
PBIT Margin (%)4.225.839.285.878.70
PBT Margin (%)0.333.226.924.517.31
Net Profit Margin (%)0.462.414.813.246.25
NP After MI And SOA Margin (%)0.462.415.253.426.34
Return on Networth / Equity (%)0.593.5210.194.309.35
Return on Capital Employeed (%)3.706.1214.446.3312.25
Return On Assets (%)0.281.795.072.405.92
Long Term Debt / Equity (X)0.400.330.200.100.00
Total Debt / Equity (X)0.820.700.540.350.19
Asset Turnover Ratio (%)0.630.740.960.710.89
Current Ratio (X)1.171.371.411.431.53
Quick Ratio (X)0.780.890.850.921.09
Inventory Turnover Ratio (X)2.472.243.103.253.82
Dividend Payout Ratio (NP) (%)19.4425.799.100.0022.45
Dividend Payout Ratio (CP) (%)1.8710.766.350.0016.93
Earning Retention Ratio (%)80.5674.2190.900.0077.55
Cash Earning Retention Ratio (%)98.1389.2493.650.0083.07
Interest Coverage Ratio (X)2.203.538.046.167.78
Interest Coverage Ratio (Post Tax) (X)1.121.934.983.395.52
Enterprise Value (Cr.)1786.111466.281791.701436.56683.84
EV / Net Operating Revenue (X)1.280.930.871.170.49
EV / EBITDA (X)14.9510.127.5614.014.62
MarketCap / Net Operating Revenue (X)0.660.460.600.890.37
Retention Ratios (%)80.5574.2090.890.0077.54
Price / BV (X)0.850.671.171.130.55
Price / Net Operating Revenue (X)0.660.460.600.890.37
EarningsYield0.010.050.080.030.16

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 533.28

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 21, 2024, is Undervalued by 679.65% compared to the current share price 68.40

Intrinsic Value of as of December 21, 2024 is: 322.96

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 21, 2024, is Undervalued by 372.16% compared to the current share price 68.40

Last 5 Year EPS CAGR: -39.44%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 20.67%, which is a positive sign.
  2. The company has higher reserves (637.15 cr) compared to borrowings (425.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (232.23 cr) and profit (93.23 cr) over the years.
  1. The stock has a high average Working Capital Days of 107.92, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 99.67, 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: 0.46%
      • 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: 3.7% (Industry Average ROCE: 8.57%)
      • 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%: 0.59% (Industry Average ROE: 7.14%)
      • 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): 1.12
      • 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: 0.78
      • 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: 538 (Industry average Stock P/E: 80.49)
      • 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: 0.82
      • 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

Bodal Chemicals Ltd. is a Public Limited Listed company incorporated on 24/09/1986 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24110GJ1986PLC009003 and registration number is 009003. Currently Company is involved in the business activities of Manufacture of other chemical products. Company’s Total Operating Revenue is Rs. 1873.57 Cr. and Equity Capital is Rs. 24.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsMr.Suresh%20J%20Patel
Chairman%20&%20Managing%20Director
Management
NamePosition Held
Mr. Bhavin S PatelExecutive Director
Mr. Ankit S PatelExecutive Director
Mr. Nalin KumarIndependent Director
Mrs. Neha HuddarIndependent Director
Mr. Mayank K MehtaIndependent Director
Mr. Rajarshi GoshDirector
Mr. Rohit MalooIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹533.28, which is 679.65% higher than the current market price of ₹68.40. The stock has a market capitalization of 861 Cr. and recorded a high/low of 101/65.8 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,058 Cr and total liabilities of ₹2,229 Cr.

What is the Market Cap of ?

The Market Cap of is 861 Cr..

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

The current stock price of as on 21 December 2024 is 68.4.

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

In FY 2024-2025, the High / Low of stocks is 101/65.8.

What is the Stock P/E of ?

The Stock P/E of is 538.

What is the Book Value of ?

The Book Value of is 86.0.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 3.46 %.

What is the ROE of ?

The ROE of is 1.13 %.

What is the Face Value of ?

The Face Value of is 2.00.

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 . 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