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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 530307 | NSE: CLSEL

Fundamental Analysis of Chamanlal Setia Exports Ltd

Basic Stock Data

Last Updated: May 22, 2024, 7:00 pm

Market Cap 1,177 Cr.
Current Price 228
High / Low275/161
Stock P/E9.05
Book Value 127
Dividend Yield0.44 %
ROCE26.2 %
ROE23.1 %
Face Value 2.00
PEG Ratio0.45

Data Source: screener.in

Competitors of Chamanlal Setia Exports Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Kaveri Seed Company Ltd 4,539 Cr. 883909/49915.2 2400.57 %24.7 %23.0 % 2.00
Jubilant Ingrevia Ltd 8,245 Cr. 518582/38345.1 1720.97 %9.78 %6.77 % 1.00
Kohinoor Foods Ltd 149 Cr. 40.461.8/31.7 1410.00 %3.30 %% 10.0
LT Foods Ltd 7,395 Cr. 213235/11212.5 97.10.23 %21.1 %19.4 % 1.00
Mangalam Global Enterprise Ltd 329 Cr. 22.826.4/12.617.6 9.630.09 %13.1 %14.8 % 2.00
Industry Average4,131.40 Cr335.4418.08131.950.37%14.40%12.79%3.20

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales195226237167219310410266354357263309400
Expenses167195212153197275377240303309225273348
Operating Profit27312514223433265149393652
OPM %14%14%10%8%10%11%8%10%15%14%15%12%13%
Other Income1201200327124
Interest1211221123213
Depreciation1211121112112
Profit before tax26292313213031265050373552
Tax %25%25%25%25%25%25%27%23%25%25%25%25%25%
Net Profit20211710162222203738272639
EPS in Rs3.784.133.271.863.094.354.303.907.247.305.315.077.48

Last Updated: May 11, 2024, 11:56 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 27, 2024, 1:31 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2172724165084834937477657988519321,3871,329
Expenses2002483834714244296777027197348371,2281,154
Operating Profit17243237596570637911895159175
OPM %8%9%8%7%12%13%9%8%10%14%10%11%13%
Other Income112253223341115
Interest5446458776779
Depreciation2333344455567
Profit before tax11182730575860537011087157174
Tax %30%32%33%34%35%34%31%35%25%25%25%25%
Net Profit812182037394234528265118130
EPS in Rs1.482.303.513.757.217.458.056.6510.1415.8512.5622.7525.16
Dividend Payout %20%9%8%10%11%5%5%7%5%4%0%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)50.00%50.00%11.11%85.00%5.41%7.69%-19.05%52.94%57.69%-20.73%81.54%
Change in YoY Net Profit Growth (%)0.00%0.00%-38.89%73.89%-79.59%2.29%-26.74%71.99%4.75%-78.42%102.27%

Growth

Compounded Sales Growth
10 Years:18%
5 Years:13%
3 Years:20%
TTM:-1%
Compounded Profit Growth
10 Years:26%
5 Years:24%
3 Years:31%
TTM:27%
Stock Price CAGR
10 Years:39%
5 Years:25%
3 Years:19%
1 Year:25%
Return on Equity
10 Years:23%
5 Years:21%
3 Years:22%
Last Year:23%

Last Updated: May 22, 2024, 6:20 pm

Balance Sheet

Last Updated: April 23, 2024, 11:34 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital999991010101010101010
Reserves31425770101137184215263339399598646
Borrowings50356150244473106689611812159
Other Liabilities202029374861666483749489126
Total Liabilities110106157167183252333396424519621818841
Fixed Assets1320212222222729374852133142
CWIP10000132105692
Investments0000101313100026
Other Assets9586135145159228290352376466562676671
Total Assets110106157167183252333396424519621818841

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -413-212163-17-49-225137-5837
Cash from Investing Activity 2-4331-3-10-5-19-8-7-4
Cash from Financing Activity 3-1526-11-25192226-332215-4
Net Cash Flow2-681339-1-37-1-051-5029

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-33.00-11.00-29.00-13.0035.0021.00-3.00-43.0011.0022.00-23.0038.00

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 Days393442342425405446516840
Inventory Days1087775625311296113131145184149
Days Payable147634657149153
Cash Conversion Cycle1331051109373130131159163186237186
Working Capital Days1058589684788105136128141181143
ROCE %19%25%29%28%46%39%29%20%23%30%19%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters73.87%73.87%73.87%73.87%73.87%73.87%73.87%73.87%73.89%73.89%73.86%73.86%
FIIs0.04%0.04%0.06%0.10%0.15%0.20%0.34%1.17%1.85%1.72%1.88%1.77%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.00%0.38%0.28%0.00%
Public26.10%26.10%26.07%26.03%25.99%25.95%25.80%24.94%24.26%24.01%23.98%24.37%
No. of Shareholders16,89020,28221,16921,74222,74423,05022,09320,71721,87426,74026,63133,298

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)22.7612.5715.8610.156.65
Diluted EPS (Rs.)22.7612.5715.8610.156.65
Cash EPS (Rs.)23.8813.5816.8411.087.50
Book Value[Excl.RevalReserv]/Share (Rs.)102.1979.1767.5852.8243.60
Book Value[Incl.RevalReserv]/Share (Rs.)117.6179.1767.5852.8243.60
Dividend / Share (Rs.)0.000.000.560.500.48
Revenue From Operations / Share (Rs.)268.17180.25164.59154.19147.87
PBDIT / Share (Rs.)32.9319.1523.4315.7912.52
PBIT / Share (Rs.)31.7918.1422.4514.8511.67
PBT / Share (Rs.)30.3916.8321.2013.5510.22
Net Profit / Share (Rs.)22.7512.5615.8510.146.65
PBDIT Margin (%)12.2710.6214.2310.248.46
PBIT Margin (%)11.8510.0613.639.637.88
PBT Margin (%)11.339.3312.878.796.91
Net Profit Margin (%)8.486.969.636.574.49
Return on Networth / Equity (%)22.2515.8623.4519.2015.25
Return on Capital Employeed (%)24.9320.1028.4223.8322.18
Return On Assets (%)14.3810.4615.7912.388.88
Long Term Debt / Equity (X)0.090.130.160.170.20
Total Debt / Equity (X)0.220.280.270.240.47
Asset Turnover Ratio (%)1.931.641.811.972.12
Current Ratio (X)4.273.644.213.723.09
Quick Ratio (X)1.651.512.101.611.51
Inventory Turnover Ratio (X)0.410.380.420.500.59
Dividend Payout Ratio (NP) (%)0.004.453.155.707.61
Dividend Payout Ratio (CP) (%)0.004.122.965.226.75
Earning Retention Ratio (%)0.0095.5596.8594.3092.39
Cash Earning Retention Ratio (%)0.0095.8897.0494.7893.25
Interest Coverage Ratio (X)23.3914.6118.7612.188.67
Interest Coverage Ratio (Post Tax) (X)17.1610.5813.698.835.61
Enterprise Value (Cr.)964.46618.56477.26230.50539.01
EV / Net Operating Revenue (X)0.690.660.560.280.70
EV / EBITDA (X)5.666.243.942.828.32
MarketCap / Net Operating Revenue (X)0.640.540.520.220.56
Retention Ratios (%)0.0095.5496.8494.2992.38
Price / BV (X)1.681.241.270.651.93
Price / Net Operating Revenue (X)0.640.540.520.220.56
EarningsYield0.130.120.180.290.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹266.67

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: 16.96% compared to the current price ₹228

Intrinsic Value: ₹319.82

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: 40.27% compared to the current price ₹228

Last 5 Year EPS CAGR: 19.93%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 27.75%, which is a positive sign.
  2. The company has higher reserves (237.08 cr) compared to borrowings (69.62 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (498.77 cr) and profit (70.15 cr) over the years.
  1. The stock has a high average Working Capital Days of 109.67, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 142.17, 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 Chamanlal Setia Exports Ltd:
    1. Net Profit Margin: 8.48%
      • 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: 24.93% (Industry Average ROCE: 14.4%)
      • 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%: 22.25% (Industry Average ROE: 12.79%)
      • 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): 17.16
      • 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: 1.65
      • 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: 9.05 (Industry average Stock P/E: 18.08)
      • 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: 0.22
      • 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.
INDUSTRYADDRESSCONTACT
Agricultural ProductsMeeran Kot Road, P O Central Jail, Amritsar Punjab 143002clsetia@rediffmail.com
http://www.maharanirice.in
Management
NamePosition Held
Mr. Vijay SetiaChairman & Managing Director
Mr. Rajeev SetiaJoint Managing Director & CFO
Mrs. Shweta SetiaExecutive Director
Mr. Ankit SetiaWhole Time Director
Mr. Sankesh SetiaWhole Time Director
Mr. Raghav PeshawariaIndependent Director
Mr. Vijay Kumar JhambIndependent Director
Mr. Arun Kumar VermaIndependent Director
Ms. Pooja KukarIndependent Director
Mrs. Amar Jyoti BaggaIndependent Woman Director

FAQ

What is the latest fair value of Chamanlal Setia Exports Ltd?

The latest fair value of Chamanlal Setia Exports Ltd is ₹266.67.

What is the Market Cap of Chamanlal Setia Exports Ltd?

The Market Cap of Chamanlal Setia Exports Ltd is 1,177 Cr..

What is the current Stock Price of Chamanlal Setia Exports Ltd as on 22 May 2024?

The current stock price of Chamanlal Setia Exports Ltd as on 22 May 2024 is ₹228.

What is the High / Low of Chamanlal Setia Exports Ltd stocks in FY 2024?

In FY 2024, the High / Low of Chamanlal Setia Exports Ltd stocks is ₹275/161.

What is the Stock P/E of Chamanlal Setia Exports Ltd?

The Stock P/E of Chamanlal Setia Exports Ltd is 9.05.

What is the Book Value of Chamanlal Setia Exports Ltd?

The Book Value of Chamanlal Setia Exports Ltd is 127.

What is the Dividend Yield of Chamanlal Setia Exports Ltd?

The Dividend Yield of Chamanlal Setia Exports Ltd is 0.44 %.

What is the ROCE of Chamanlal Setia Exports Ltd?

The ROCE of Chamanlal Setia Exports Ltd is 26.2 %.

What is the ROE of Chamanlal Setia Exports Ltd?

The ROE of Chamanlal Setia Exports Ltd is 23.1 %.

What is the Face Value of Chamanlal Setia Exports Ltd?

The Face Value of Chamanlal Setia Exports 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 Chamanlal Setia Exports 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