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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 524440 | NSE: CAMEXLTD

Fundamental Analysis of Camex Ltd

Basic Stock Data

Last Updated: May 22, 2024, 8:33 pm

Market Cap 50.0 Cr.
Current Price 49.0
High / Low51.9/24.0
Stock P/E14.4
Book Value 40.1
Dividend Yield0.00 %
ROCE11.9 %
ROE8.82 %
Face Value 10.0
PEG Ratio0.67

Data Source: screener.in

Competitors of Camex Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Vadivarhe Speciality Chemicals Ltd 50.5 Cr. 39.555.0/27.4 2.090.00 %7.61 %13.5 % 10.0
Aarti Surfactants Ltd 571 Cr. 675854/54326.8 2580.00 %14.1 %11.0 % 10.0
Anupam Rasayan India Ltd 8,542 Cr. 7781,250/75966.4 2520.32 %9.04 %5.01 % 10.0
Neogen Chemicals Ltd 3,783 Cr. 1,4341,859/1,14985.9 2900.21 %10.4 %7.06 % 10.0
Chemcon Speciality Chemicals Ltd 911 Cr. 248319/23047.5 1301.61 %5.72 %4.11 % 10.0
Industry Average2,771.50 Cr634.9045.32186.420.43%9.37%8.14%10.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales46.8347.4136.4634.0351.3339.7230.6130.5830.3340.3634.1335.2234.37
Expenses45.4246.5436.5033.3049.4840.2129.9731.0330.7639.8634.4234.1133.15
Operating Profit1.410.87-0.040.731.85-0.490.64-0.45-0.430.50-0.291.111.22
OPM %3.01%1.84%-0.11%2.15%3.60%-1.23%2.09%-1.47%-1.42%1.24%-0.85%3.15%3.55%
Other Income0.160.180.051.170.203.680.390.580.350.620.370.440.52
Interest0.100.420.370.140.240.460.260.180.340.230.250.210.12
Depreciation0.240.250.220.220.230.190.080.080.080.080.080.080.08
Profit before tax1.230.38-0.581.541.582.540.69-0.13-0.500.81-0.251.261.54
Tax %27.64%-15.79%3.45%11.04%17.09%16.93%26.09%46.15%14.00%23.46%0.00%21.43%24.68%
Net Profit0.890.44-0.561.371.312.100.51-0.08-0.440.62-0.240.991.16
EPS in Rs0.870.43-0.551.341.282.060.50-0.08-0.430.61-0.240.971.14

Last Updated: May 10, 2024, 3:08 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 26, 2024, 10:13 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales146203221147102103121140122143162132144
Expenses1421972151419899116134119140159131142
Operating Profit5676446733213
OPM %3%3%3%4%4%4%5%5%3%2%1%0%2%
Other Income-0000010001522
Interest2343222211111
Depreciation0111111111100
Profit before tax2232123412513
Tax %33%31%33%33%33%34%34%23%29%18%17%29%
Net Profit1221122312413
EPS in Rs1.822.191.881.390.901.602.093.080.941.964.130.602.48
Dividend Payout %27%23%27%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)100.00%0.00%-50.00%0.00%100.00%0.00%50.00%-66.67%100.00%100.00%-75.00%
Change in YoY Net Profit Growth (%)0.00%-100.00%-50.00%50.00%100.00%-100.00%50.00%-116.67%166.67%0.00%-175.00%

Growth

Compounded Sales Growth
10 Years:-4%
5 Years:0%
3 Years:0%
TTM:8%
Compounded Profit Growth
10 Years:6%
5 Years:2%
3 Years:21%
TTM:338%
Stock Price CAGR
10 Years:6%
5 Years:11%
3 Years:11%
1 Year:88%
Return on Equity
10 Years:6%
5 Years:5%
3 Years:6%
Last Year:9%

Last Updated: May 18, 2024, 8:13 am

Balance Sheet

Last Updated: May 10, 2024, 3:08 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital771010101010101010101010
Reserves781012121416192022272728
Borrowings3040361914202914317950
Other Liabilities1071010101111141727151615
Total Liabilities54636651465566575077605954
Fixed Assets4467789998322
CWIP0000100000000
Investments0000000000800
Other Assets50596043384757484169505651
Total Assets54636651465566575077605954

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -74248-2-51712-1510-35
Cash from Investing Activity -0-2-2-1-0-2-1-01091
Cash from Financing Activity 7-4-21-637-17-1214-10-52
Net Cash Flow-0-2010-0-00-0-018

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow5.00-34.00-29.00-13.00-10.00-16.00-23.00-7.000.00-14.00-7.00-4.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days9080736887981038277987082
Inventory Days191718272844423831451631
Days Payable241013252928213647713245
Cash Conversion Cycle84877871861151238361725467
Working Capital Days9388827998118127867010676101
ROCE %10%11%11%10%8%9%11%12%6%7%7%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters70.65%70.65%70.65%65.82%60.05%59.99%58.28%58.28%58.28%58.28%58.28%48.49%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public29.34%29.34%29.34%34.17%39.94%40.00%41.71%41.72%41.71%41.72%41.72%51.50%
No. of Shareholders2,7743,3033,2143,1323,6093,6383,8153,9043,8213,6583,5893,607

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 22Mar 21Mar 20Mar 19Mar 18
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.191.371.213.612.23
Diluted EPS (Rs.)3.191.371.213.612.23
Cash EPS (Rs.)3.972.272.584.523.02
Book Value[Excl.RevalReserv]/Share (Rs.)38.9533.2431.9330.5526.81
Book Value[Incl.RevalReserv]/Share (Rs.)38.9533.2431.9330.5526.81
Revenue From Operations / Share (Rs.)175.58147.10129.23144.20126.22
PBDIT / Share (Rs.)2.983.363.807.256.17
PBIT / Share (Rs.)2.122.432.446.345.39
PBT / Share (Rs.)3.991.751.614.543.29
Net Profit / Share (Rs.)3.121.331.233.612.23
NP After MI And SOA / Share (Rs.)3.081.331.233.612.23
PBDIT Margin (%)1.692.282.935.024.89
PBIT Margin (%)1.201.651.894.394.26
PBT Margin (%)2.271.191.243.152.60
Net Profit Margin (%)1.770.900.952.501.76
NP After MI And SOA Margin (%)1.750.900.952.501.76
Return on Networth / Equity (%)8.464.003.8411.828.32
Return on Capital Employeed (%)4.465.957.4118.0014.66
Return On Assets (%)4.831.682.265.963.28
Long Term Debt / Equity (X)0.220.200.000.110.32
Total Debt / Equity (X)0.230.510.070.431.09
Asset Turnover Ratio (%)2.292.162.192.221.95
Current Ratio (X)3.741.852.101.991.86
Quick Ratio (X)2.911.451.691.511.48
Inventory Turnover Ratio (X)3.323.773.792.852.69
Interest Coverage Ratio (X)2.344.984.564.042.95
Interest Coverage Ratio (Post Tax) (X)0.982.972.483.012.07
Enterprise Value (Cr.)35.3736.3811.9944.1062.50
EV / Net Operating Revenue (X)0.190.240.090.290.48
EV / EBITDA (X)11.6310.593.095.969.91
MarketCap / Net Operating Revenue (X)0.140.130.070.220.27
Price / BV (X)0.710.590.311.041.31
Price / Net Operating Revenue (X)0.140.130.070.220.27
EarningsYield0.110.060.120.110.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹51.95

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: 6.02% compared to the current price ₹49

Intrinsic Value: ₹63.07

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.

Undervalued: 28.72% compared to the current price ₹49

Last 5 Year EPS CAGR: 21.41%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (18.17 cr) compared to borrowings (17.83 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (145.08 cr) and profit (2.38 cr) over the years.
  1. The stock has a low average ROCE of 8.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 93.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 81.75, which may not be favorable.

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 Camex Ltd:
    1. Net Profit Margin: 1.77%
      • 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: 4.46% (Industry Average ROCE: 9.37%)
      • 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%: 8.46% (Industry Average ROE: 8.14%)
      • 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): 0.98
      • 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: 2.91
      • 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: 14.4 (Industry average Stock P/E: 45.32)
      • 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: 0.23
      • 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

Camex Ltd. is a Public Limited Listed company incorporated on 22/11/1989 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17100GJ1989PLC013041 and registration number is 013041. Currently company belongs to the Industry of Dyes & Pigments. Company’s Total Operating Revenue is Rs. 161.54 Cr. and Equity Capital is Rs. 10.21 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersCamex House, 2nd Floor, Ahmedabad Gujarat 380009cs@camexltd.com
http://www.camexltd.com
Management
NamePosition Held
Mr. Chandraprakash ChopraManaging Director
Mr. Rahul ChopraNon Executive Director
Mr. Jitendra ChopraWhole Time Director
Ms. Indra SinghviIndependent Director
Mr. Sunil Tarachand KotahriIndependent Director
Mr. Arpit ShahIndependent Director

FAQ

What is the latest fair value of Camex Ltd?

The latest fair value of Camex Ltd is ₹51.95.

What is the Market Cap of Camex Ltd?

The Market Cap of Camex Ltd is 50.0 Cr..

What is the current Stock Price of Camex Ltd as on 22 May 2024?

The current stock price of Camex Ltd as on 22 May 2024 is ₹49.0.

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

In FY 2024, the High / Low of Camex Ltd stocks is ₹51.9/24.0.

What is the Stock P/E of Camex Ltd?

The Stock P/E of Camex Ltd is 14.4.

What is the Book Value of Camex Ltd?

The Book Value of Camex Ltd is 40.1.

What is the Dividend Yield of Camex Ltd?

The Dividend Yield of Camex Ltd is 0.00 %.

What is the ROCE of Camex Ltd?

The ROCE of Camex Ltd is 11.9 %.

What is the ROE of Camex Ltd?

The ROE of Camex Ltd is 8.82 %.

What is the Face Value of Camex Ltd?

The Face Value of Camex 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 Camex 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