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

Fundamental Analysis of Bodal Chemicals Ltd

About the Company - Bodal Chemicals Ltd

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 & PigmentsPlot No.: 123-124, Phase-I, G.I.D.C. Estate, Ahmedabad Gujarat 382445bodal@bodal.com
http://www.bodal.com
Management
NamePosition Held
Mr. Suresh J PatelChairman & Managing Director
Mr. Bhavin S PatelExecutive Director
Mr. Ankit S PatelExecutive Director
Mr. Nalin KumarIndependent Director
Mrs. Neha HuddarIndependent Director
Mr. Mayank MehtaIndependent Director
Mr. Rajarshi GoshDirector
Mr. Rohit MalooIndependent Director

Basic Stock Data of Bodal Chemicals Ltd

Last Updated: July 20, 2024, 11:18 pm

Market Cap 927 Cr.
Current Price 73.7
High / Low101/65.8
Stock P/E143
Book Value 86.0
Dividend Yield0.14 %
ROCE3.13 %
ROE0.60 %
Face Value 2.00
PEG Ratio-3.63

Data Source: screener.in

Competitors of Bodal Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Kiri Industries Ltd 1,747 Cr. 337454/26113.1 5420.00 %1.84 %4.85 % 10.0
Mahickra Chemicals Ltd 87.2 Cr. 107159/79.281.4 41.00.61 %6.25 %3.29 % 10.0
AksharChem (India) Ltd 241 Cr. 300366/230 3230.17 %3.85 %6.95 % 10.0
Ushanti Colour Chem Ltd 70.0 Cr. 65.476.0/51.0 41.40.00 %0.07 %5.58 % 10.0
Amal Ltd 455 Cr. 368489/25494.7 56.50.00 %6.62 %2.46 % 10.0
Industry Average1,003.73 Cr310.7027.38168.820.34%8.98%8.29%8.58

Bodal Chemicals Ltd Quarterly Results

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: July 10, 2024, 3:49 pm

Bodal Chemicals Ltd Quarterly Chart

Bodal Chemicals Ltd Profit & Loss

Last Updated: July 10, 2024, 3:49 pm

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%

Bodal Chemicals Ltd Profit & Loss Yearly Chart

Bodal Chemicals Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:0%
3 Years:4%
TTM:-11%
Compounded Profit Growth
10 Years:-22%
5 Years:-46%
3 Years:-45%
TTM:-83%
Stock Price CAGR
10 Years:4%
5 Years:-1%
3 Years:-14%
1 Year:5%
Return on Equity
10 Years:12%
5 Years:6%
3 Years:5%
Last Year:1%

Last Updated: July 17, 2024, 5:53 pm

Bodal Chemicals Ltd Balance Sheet

Last Updated: July 10, 2024, 3:49 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital22222222222224242424242525
Reserves3613431352133416738059079571,0281,0531,047
Preference Capital016252500010000
Borrowings345348372209143151181171257454676760769
Other Liabilities17290156169132193194290267314385283337
Total Liabilities5754735935345107071,0721,2901,4551,7492,1132,1202,178
Fixed Assets279265168190192222437609656804817967938
CWIP209309192671470193362
Investments011221717636000
Other Assets2942074153393164595996507899241,227960878
Total Assets5754735935345107071,0721,2901,4551,7492,1132,1202,178

Bodal Chemicals Ltd Reserves and Borrowings Chart

Bodal Chemicals Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 1449198131104718610-13-14285204
Cash from Investing Activity -2-17-35-23-67-256-128-79-168-170-310-262
Cash from Financing Activity -13-32-162-109-23236-51761781813381
Net Cash Flow-110-114-1377-3-3824

Bodal Chemicals Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days618669675691851211391059785
Inventory Days6072435760598691141141118139
Days Payable67666267737991871028176102
Cash Conversion Cycle55925058437179124178165139122
Working Capital Days728966756311590133176137141127
ROCE %2%39%39%35%46%27%24%11%5%12%5%

Bodal Chemicals Ltd Financial Efficiency Indicators Chart

Bodal Chemicals Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters58.94%58.94%58.94%58.94%58.94%58.87%57.47%57.47%57.39%57.39%57.39%57.39%
FIIs2.40%2.87%2.99%2.97%3.06%3.09%2.42%2.43%2.37%0.45%0.30%0.77%
DIIs0.02%0.02%0.14%0.17%0.17%0.16%0.16%0.14%0.01%0.03%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%
Public38.63%38.16%37.92%37.91%37.82%37.88%39.94%39.97%40.22%42.12%42.29%41.82%
No. of Shareholders59,64757,07458,99659,50659,67963,24764,22564,79566,07377,81676,86777,332

Bodal Chemicals Ltd Shareholding Pattern Chart

No. of Bodal Chemicals Ltd Shareholders

This stock is not held by any mutual fund

Bodal Chemicals Ltd ROCE Trend

Bodal Chemicals Ltd EPS Trend

Bodal Chemicals Ltd 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)0.770.700.540.350.19
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) (%)0.0025.799.100.0022.45
Dividend Payout Ratio (CP) (%)0.0010.766.350.0016.93
Earning Retention Ratio (%)0.0074.2190.900.0077.55
Cash Earning Retention Ratio (%)0.0089.2493.650.0083.07
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.)1729.321466.281791.701436.56683.84
EV / Net Operating Revenue (X)1.240.930.871.170.49
EV / EBITDA (X)14.4710.127.5614.014.62
MarketCap / Net Operating Revenue (X)0.660.460.600.890.37
Retention Ratios (%)0.0074.2090.890.0077.54
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

Bodal Chemicals Ltd Profitability Ratios (%)

Bodal Chemicals Ltd Liquidity Ratios

Bodal Chemicals Ltd Liquidity Ratios (%)

Bodal Chemicals Ltd Interest Coverage Ratios (%)

Bodal Chemicals Ltd Valuation Ratios

Fair Value

Fair Value: 73.89

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.

Undervalued: 0.26% compared to the current price 73.7

Intrinsic Value: 44.75

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 39.28% compared to the current price 73.7

Last 5 Year EPS CAGR: -39.44%

*Investments are subject to market risks

Strength and Weakness of Bodal Chemicals Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 20.42%, which is a positive sign.
  2. The company has higher reserves (602.08 cr) compared to borrowings (386.25 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 107.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 98.00, which may not be favorable.

FAQ

What is the latest fair value of Bodal Chemicals Ltd?

The latest fair value of Bodal Chemicals Ltd is ₹73.89.

What is the Market Cap of Bodal Chemicals Ltd?

The Market Cap of Bodal Chemicals Ltd is 927 Cr..

What is the current Stock Price of Bodal Chemicals Ltd as on 21 July 2024?

The current stock price of Bodal Chemicals Ltd as on 21 July 2024 is 73.7.

What is the High / Low of Bodal Chemicals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bodal Chemicals Ltd stocks is 101/65.8.

What is the Stock P/E of Bodal Chemicals Ltd?

The Stock P/E of Bodal Chemicals Ltd is 143.

What is the Book Value of Bodal Chemicals Ltd?

The Book Value of Bodal Chemicals Ltd is 86.0.

What is the Dividend Yield of Bodal Chemicals Ltd?

The Dividend Yield of Bodal Chemicals Ltd is 0.14 %.

What is the ROCE of Bodal Chemicals Ltd?

The ROCE of Bodal Chemicals Ltd is 3.13 %.

What is the ROE of Bodal Chemicals Ltd?

The ROE of Bodal Chemicals Ltd is 0.60 %.

What is the Face Value of Bodal Chemicals Ltd?

The Face Value of Bodal Chemicals Ltd 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 Bodal Chemicals 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