Fundamental Analysis of Chembond Chemicals Ltd

About the Company - Chembond Chemicals Ltd

Chembond Chemicals Ltd. is a Public Limited Listed company incorporated on 22/03/1975 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24100MH1975PLC018235 and registration number is 018235. Currently Company is involved in the business activities of Manufacture of other chemical products. Company’s Total Operating Revenue is Rs. 46.17 Cr. and Equity Capital is Rs. 6.72 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Chemicals - Speciality - Others	Chembond Centre, EL71, MIDC Mahape, New Mumbai Maharashtra 400710	info@chembondindia.com http://www.chembondindia.com

Management
Name	Position Held
Mr. Sameer V Shah	Chairman & Managing Director
Mr. Nirmal V Shah	Vice Chairman & Mng.Director
Mr. Ashwin R Nagarwadia	Non Executive Director
Mr. Mahendra K Ghelani	Independent Director
Dr. Prakash D Trivedi	Independent Director
Mrs. Saraswati Sankar	Independent Director
Mr. Sushil U Lakhani	Independent Director
Mr. Jayesh P Shah	Addnl.Independent Director

Basic Stock Data of Chembond Chemicals Ltd

Last Updated: July 26, 2024, 10:54 pm

Market Cap	915 Cr.
Current Price	680
High / Low	746/330
Stock P/E	21.0
Book Value	269
Dividend Yield	0.51 %
ROCE	15.6 %
ROE	11.6 %
Face Value	5.00
PEG Ratio	0.23

Data Source: screener.in

Competitors of Chembond Chemicals Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
DMCC Speciality Chemicals Ltd	760 Cr.	307	380/245	65.6	83.9	0.00 %	10.8 %	5.68 %	10.0
Dai Ichi Karkaria Ltd	560 Cr.	752	770/327		243	0.53 %	0.42 %	1.03 %	10.0
Chemcrux Enterprises Ltd	342 Cr.	231	359/192	40.5	48.8	0.87 %	13.7 %	12.2 %	10.0
Camex Ltd	60.0 Cr.	58.8	78.8/26.5	17.4	40.1	0.00 %	11.9 %	8.82 %	10.0
Black Rose Industries Ltd	680 Cr.	133	173/118	32.0	28.4	0.41 %	21.1 %	15.6 %	1.00
Industry Average	16,003.50 Cr	1,097.70		107.83	190.49	0.37%	14.29%	10.70%	6.86

Chembond Chemicals Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	75	82	78	84	93	94	98	110	111	122	114	112	115
Expenses	69	77	72	80	89	91	97	101	99	109	105	98	100
Operating Profit	7	5	6	4	5	3	1	9	11	13	9	15	14
OPM %	9%	6%	7%	5%	5%	3%	1%	8%	10%	11%	8%	13%	12%
Other Income	6	2	4	3	1	1	0	1	1	2	3	9	4
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	11	6	8	6	4	3	0	9	11	13	11	22	16
Tax %	23%	28%	38%	22%	40%	24%	770%	14%	27%	22%	17%	30%	16%
Net Profit	9	4	5	5	2	2	-1	8	8	10	9	15	13
EPS in Rs	6.28	3.76	3.56	3.49	1.75	1.55	-1.02	5.75	6.14	7.58	6.51	11.48	10.04

Last Updated: July 11, 2024, 9:54 am

Chembond Chemicals Ltd Quarterly Chart

Chembond Chemicals Ltd Profit & Loss

Last Updated: July 10, 2024, 4:04 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	228	262	274	299	270	291	327	301	268	274	349	440	462
Expenses	206	243	253	273	259	274	304	275	258	256	332	405	411
Operating Profit	22	18	21	26	11	17	23	26	10	18	17	35	51
OPM %	10%	7%	8%	9%	4%	6%	7%	8%	4%	7%	5%	8%	11%
Other Income	4	5	1	1	189	18	11	4	3	15	9	5	18
Interest	4	5	4	4	2	1	1	1	1	0	1	1	2
Depreciation	2	3	3	4	4	4	4	4	4	5	4	5	5
Profit before tax	21	16	15	20	195	30	28	24	8	29	21	34	62
Tax %	33%	50%	40%	28%	20%	24%	16%	19%	61%	28%	32%	26%
Net Profit	14	8	9	14	156	23	24	20	3	20	14	25	48
EPS in Rs	9.87	5.47	5.80	9.31	114.66	14.37	16.34	12.88	1.39	15.12	10.35	18.36	35.61
Dividend Payout %	12%	26%	26%	16%	4%	11%	11%	16%	144%	15%	48%	16%

Chembond Chemicals Ltd Profit & Loss Yearly Chart

Chembond Chemicals Ltd Growth

Compounded Sales Growth
10 Years:	5%
5 Years:	9%
3 Years:	19%
TTM:	0%

Compounded Profit Growth
10 Years:	18%
5 Years:	18%
3 Years:	25%
TTM:	25%

Stock Price CAGR
10 Years:	24%
5 Years:	22%
3 Years:	42%
1 Year:	71%

Return on Equity
10 Years:	8%
5 Years:	7%
3 Years:	8%
Last Year:	12%

Last Updated: July 26, 2024, 5:24 pm

Chembond Chemicals Ltd Balance Sheet

Last Updated: July 10, 2024, 4:04 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	6	7	7	7	7	7	7	7	7	7	7	7	7
Reserves	66	75	80	89	200	223	242	255	262	286	297	315	336
Borrowings	37	29	33	25	11	9	9	7	3	2	2	7	9
Other Liabilities	67	71	86	83	72	82	68	54	50	59	56	73	78
Total Liabilities	175	182	205	203	289	321	325	322	322	354	361	402	430
Fixed Assets	41	47	54	51	47	49	108	109	124	122	121	116	116
CWIP	6	5	3	3	2	2	1	2	0	0	1	12	18
Investments	1	1	1	1	88	150	76	58	51	73	75	65	77
Other Assets	127	130	148	147	152	120	140	153	147	160	165	208	219
Total Assets	175	182	205	203	289	321	325	322	322	354	361	402	430

Chembond Chemicals Ltd Reserves and Borrowings Chart

Chembond Chemicals Ltd 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	7	10	24	-27	5	-12	-12	24	25	-10	1	28
Cash from Investing Activity	-7	-6	-3	52	-0	19	14	-12	-11	-2	1	-22
Cash from Financing Activity	-8	-4	-18	-24	-3	-4	-6	-11	-2	-4	-2	-5
Net Cash Flow	-8	-0	3	1	2	3	-5	1	12	-16	0	1

Chembond Chemicals Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	101	100	116	105	78	84	90	110	112	111	94	96
Inventory Days	86	69	74	60	46	59	46	58	77	82	67	53
Days Payable	103	95	113	96	86	95	96	84	96	120	76	81
Cash Conversion Cycle	84	74	77	70	38	49	40	84	94	73	84	67
Working Capital Days	72	75	81	69	104	53	53	89	102	85	79	75
ROCE %	23%	17%	15%	18%	22%	12%	11%	9%	3%	10%	7%	11%

Chembond Chemicals Ltd Financial Efficiency Indicators Chart

Chembond Chemicals Ltd Share Holding Pattern

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoters	65.66%	65.88%	65.90%	66.00%	66.05%	66.28%	66.28%	67.49%	67.55%	67.55%	67.54%	67.54%
FIIs	0.00%	0.00%	0.00%	0.28%	0.56%	0.69%	0.57%	0.57%	0.57%	0.58%	0.57%	0.59%
DIIs	0.35%	0.35%	0.67%	0.67%	0.83%	0.83%	0.83%	0.83%	0.83%	0.69%	0.69%	0.69%
Public	33.99%	33.76%	33.42%	33.05%	32.56%	32.20%	32.32%	31.10%	31.05%	31.18%	31.20%	31.18%
No. of Shareholders	5,162	5,956	7,454	8,443	10,002	10,440	10,558	11,086	10,036	9,483	9,458	9,480

Chembond Chemicals Ltd Shareholding Pattern Chart

No. of Chembond Chemicals Ltd Shareholders

This stock is not held by any mutual fund

Chembond Chemicals Ltd ROCE Trend

Chembond Chemicals Ltd EPS Trend

Chembond Chemicals Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	33.02	18.36	10.35	15.13	1.39
Diluted EPS (Rs.)	33.02	18.36	10.35	15.13	1.39
Cash EPS (Rs.)	37.08	21.77	13.73	18.56	5.53
Book Value[Excl.RevalReserv]/Share (Rs.)	269.75	240.37	226.99	218.95	203.69
Book Value[Incl.RevalReserv]/Share (Rs.)	269.75	240.37	226.99	218.95	203.69
Revenue From Operations / Share (Rs.)	343.53	327.51	259.82	204.08	199.32
PBDIT / Share (Rs.)	49.51	29.16	19.11	24.91	9.68
PBIT / Share (Rs.)	45.39	25.81	15.78	21.53	6.45
PBT / Share (Rs.)	44.51	25.04	15.27	21.21	5.87
Net Profit / Share (Rs.)	32.95	18.42	10.40	15.18	2.29
NP After MI And SOA / Share (Rs.)	33.02	18.41	10.35	15.13	1.39
PBDIT Margin (%)	14.41	8.90	7.35	12.20	4.85
PBIT Margin (%)	13.21	7.88	6.07	10.54	3.23
PBT Margin (%)	12.95	7.64	5.87	10.39	2.94
Net Profit Margin (%)	9.59	5.62	4.00	7.43	1.15
NP After MI And SOA Margin (%)	9.61	5.62	3.98	7.41	0.69
Return on Networth / Equity (%)	12.28	7.69	4.57	6.93	0.69
Return on Capital Employeed (%)	16.71	10.68	6.91	9.76	3.14
Return On Assets (%)	9.93	6.16	3.85	5.74	0.58
Total Debt / Equity (X)	0.01	0.02	0.00	0.01	0.01
Asset Turnover Ratio (%)	1.09	0.16	0.15	0.14	0.20
Current Ratio (X)	3.07	2.73	3.59	3.17	3.50
Quick Ratio (X)	2.67	2.29	2.96	2.66	2.91
Inventory Turnover Ratio (X)	6.11	0.96	1.13	1.04	1.92
Dividend Payout Ratio (NP) (%)	9.08	27.15	0.00	0.00	287.21
Dividend Payout Ratio (CP) (%)	8.07	22.97	0.00	0.00	86.47
Earning Retention Ratio (%)	90.92	72.85	0.00	0.00	-187.21
Cash Earning Retention Ratio (%)	91.93	77.03	0.00	0.00	13.53
Interest Coverage Ratio (X)	56.59	37.66	37.30	79.42	16.63
Interest Coverage Ratio (Post Tax) (X)	38.66	24.79	21.30	49.37	4.94
Enterprise Value (Cr.)	612.05	328.75	224.11	233.11	193.26
EV / Net Operating Revenue (X)	1.32	0.74	0.64	0.84	0.72
EV / EBITDA (X)	9.19	8.38	8.72	6.96	14.84
MarketCap / Net Operating Revenue (X)	1.39	0.77	0.68	0.93	0.73
Retention Ratios (%)	90.91	72.84	0.00	0.00	-187.21
Price / BV (X)	1.78	1.06	0.79	0.87	0.73
Price / Net Operating Revenue (X)	1.39	0.77	0.68	0.93	0.73
EarningsYield	0.06	0.07	0.05	0.07	0.01

Chembond Chemicals Ltd Profitability Ratios (%)

Chembond Chemicals Ltd Liquidity Ratios

Chembond Chemicals Ltd Liquidity Ratios (%)

Chembond Chemicals Ltd Interest Coverage Ratios (%)

Chembond Chemicals Ltd Valuation Ratios

Fair Value

Fair Value: 658.63

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.

Overvalued: 3.14% compared to the current price 680

Intrinsic Value: 1,259.94

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: 85.29% compared to the current price 680

Last 5 Year EPS CAGR: 91.30%

*Investments are subject to market risks

Strength and Weakness of Chembond Chemicals Ltd Stock

Strength	Weakness
The company has higher reserves (223.25 cr) compared to borrowings (12.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (311.15 cr) and profit (38.69 cr) over the years.	The stock has a low average ROCE of 13.17%, which may not be favorable. The stock has a high average Working Capital Days of 78.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 69.50, which may not be favorable.

FAQ

What is the latest fair value of Chembond Chemicals Ltd?

The latest fair value of Chembond Chemicals Ltd is ₹658.63.

What is the Market Cap of Chembond Chemicals Ltd?

The Market Cap of Chembond Chemicals Ltd is 915 Cr..

What is the current Stock Price of Chembond Chemicals Ltd as on 27 July 2024?

The current stock price of Chembond Chemicals Ltd as on 27 July 2024 is 680.

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

In FY 2024, the High / Low of Chembond Chemicals Ltd stocks is 746/330.

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

The Stock P/E of Chembond Chemicals Ltd is 21.0.

What is the Book Value of Chembond Chemicals Ltd?

The Book Value of Chembond Chemicals Ltd is 269.

What is the Dividend Yield of Chembond Chemicals Ltd?

The Dividend Yield of Chembond Chemicals Ltd is 0.51 %.

What is the ROCE of Chembond Chemicals Ltd?

The ROCE of Chembond Chemicals Ltd is 15.6 %.

What is the ROE of Chembond Chemicals Ltd?

The ROE of Chembond Chemicals Ltd is 11.6 %.

What is the Face Value of Chembond Chemicals Ltd?

The Face Value of Chembond Chemicals Ltd is 5.00.