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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Chemcon Speciality Chemicals Ltd

About the Company - Chemcon Speciality Chemicals Ltd

Chemcon Speciality Chemicals Ltd. is a Public Limited Listed company incorporated on 15/12/1988 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24231GJ1988PLC011652 and registration number is 011652. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 257.11 Cr. and Equity Capital is Rs. 36.63 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersBlock No 355, Manjusar Kinpad Road, Vadodra Gujarat 391775investor.relations@cscpl.com
http://www.cscpl.com
Management
NamePosition Held
Mr. Kamalkumar Rajendra AggarwalChairman & Managing Director
Mr. Navdeep Naresh GoyalDeputy Managing Director
Mr. Rajesh Chimanlal GandhiWholeTime Director & CFO
Mr. Rajveer Kamal AggarwalWhole Time Director
Mr. Himanshu Prafulchandra PurohitWhole Time Director
Mr. Lalit Devidutt ChaudharyIndependent Director
Mr. Bharat Chunilal ShahIndependent Director
Mrs. Neelu Atulkumar ShahIndependent Director

Basic Stock Data of Chemcon Speciality Chemicals Ltd

Last Updated: May 30, 2024, 5:52 am

Market Cap 897 Cr.
Current Price 244
High / Low319/230
Stock P/E33.5
Book Value 128
Dividend Yield1.64 %
ROCE15.4 %
ROE12.5 %
Face Value 10.0
PEG Ratio-3.43

Competitors of Chemcon Speciality Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aarti Surfactants Ltd 552 Cr. 653854/54325.9 2580.00 %14.1 %11.0 % 10.0
Anupam Rasayan India Ltd 8,327 Cr. 7581,160/75664.8 2520.33 %9.04 %5.01 % 10.0
Bhatia Colour Chem Ltd 58.7 Cr. 48.063.0/41.916.9 51.20.00 %8.40 %5.87 % 10.0
Chembond Chemicals Ltd 776 Cr. 576640/30616.2 2550.52 %10.9 %7.89 % 5.00
Apar Industries Ltd 28,515 Cr. 7,0997,400/2,50134.2 6130.57 %51.1 %32.3 % 10.0
Industry Average7,645.74 Cr1,826.8031.60285.840.28%18.71%12.41%9.00

Chemcon Speciality Chemicals Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales61.5464.8171.4857.2161.2449.5489.1389.4157.9276.4779.0879.3375.19
Expenses38.2141.9850.6639.3442.3132.2161.6755.8648.3362.9865.0271.5266.86
Operating Profit23.3322.8320.8217.8718.9317.3327.4633.559.5913.4914.067.818.33
OPM %37.91%35.23%29.13%31.24%30.91%34.98%30.81%37.52%16.56%17.64%17.78%9.84%11.08%
Other Income0.141.223.131.942.252.332.722.683.294.462.893.493.03
Interest1.180.630.700.230.150.110.080.160.250.590.490.680.73
Depreciation1.391.411.951.521.501.551.701.932.052.142.262.622.59
Profit before tax20.9022.0121.3018.0619.5318.0028.4034.1410.5815.2214.208.008.04
Tax %25.45%25.17%27.23%25.75%25.40%25.11%25.04%25.42%25.99%25.36%26.27%26.25%26.12%
Net Profit15.5816.4815.5013.4114.5713.4921.2925.467.8211.3610.475.915.94
EPS in Rs4.254.504.233.663.983.685.816.952.133.102.861.611.62

Last Updated: May 2, 2024, 9:02 am

Chemcon Speciality Chemicals Ltd Quarterly Chart

Chemcon Speciality Chemicals Ltd Profit & Loss

Last Updated: May 2, 2024, 9:02 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales325153639788158303262243257303310
Expenses284646568779112237192162175232266
Operating Profit456810946667081827144
OPM %11%10%12%12%10%10%29%22%27%33%32%23%14%
Other Income000-100024591314
Interest1222323454112
Depreciation11122223566810
Profit before tax23335541616576847445
Tax %28%33%60%3%35%37%35%30%25%26%25%26%
Net Profit12133326434956635534
EPS in Rs1.742.111.463.354.093.7833.2113.5415.3715.4017.1315.049.19
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%27%

Chemcon Speciality Chemicals Ltd Profit & Loss Yearly Chart

Chemcon Speciality Chemicals Ltd Growth

Compounded Sales Growth
10 Years:19%
5 Years:14%
3 Years:5%
TTM:-8%
Compounded Profit Growth
10 Years:42%
5 Years:16%
3 Years:4%
TTM:-59%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-15%
1 Year:-5%
Return on Equity
10 Years:22%
5 Years:21%
3 Years:16%
Last Year:12%

Last Updated: April 17, 2024, 2:35 am

Chemcon Speciality Chemicals Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital8888888323237373737
Reserves810111316194665115317381421432
Borrowings413141213201733466366439
Other Liabilities86121091527433444453233
Total Liabilities28374544466397173226404498553541
Fixed Assets1214202019243040496782141138
CWIP0100000149341422
Investments0000000000000
Other Assets16222524273867133173328382398380
Total Assets28374544466397173226404498553541

Chemcon Speciality Chemicals Ltd Reserves and Borrowings Chart

Chemcon Speciality Chemicals Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 337510141112657413
Cash from Investing Activity -1-4-5-2-9-7-24-16-152-92-16
Cash from Financing Activity -20-3-3-2-61241113012
Net Cash Flow0-0-1-0-11-0023119

Chemcon Speciality Chemicals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days625140525193687712414214681
Inventory Days1321071467445589991118175102164
Days Payable1104697793981825763677044
Cash Conversion Cycle841128947577086111179250177201
Working Capital Days91118856459799395175189155184
ROCE %15%17%17%17%22%16%74%65%43%29%21%15%

Chemcon Speciality Chemicals Ltd Financial Efficiency Indicators Chart

Chemcon Speciality Chemicals Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.47%74.47%74.47%74.47%74.47%74.47%74.47%74.47%74.47%74.47%74.47%74.47%
FIIs0.21%0.09%0.02%0.05%0.02%0.14%0.01%0.10%0.01%0.01%0.05%0.25%
DIIs1.26%1.03%0.68%0.28%0.28%0.27%0.27%0.27%0.27%0.27%0.28%0.27%
Public24.06%24.41%24.83%25.21%25.24%25.11%25.25%25.15%25.25%25.24%25.20%25.01%
No. of Shareholders80,63085,10190,23590,93690,00484,06486,83186,16184,71183,50981,36779,108

Chemcon Speciality Chemicals Ltd Shareholding Pattern Chart

No. of Chemcon Speciality Chemicals Ltd Shareholders

Chemcon Speciality Chemicals Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Tata Resources & Energy Fund100,0000.812.64

Chemcon Speciality Chemicals Ltd ROCE Trend

Chemcon Speciality Chemicals Ltd EPS Trend

Chemcon Speciality Chemicals Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)15.0417.1316.4815.3713.54
Diluted EPS (Rs.)15.0417.1316.4815.3713.54
Cash EPS (Rs.)17.3318.8417.0616.8314.45
Book Value[Excl.RevalReserv]/Share (Rs.)124.86113.8996.5646.0630.53
Book Value[Incl.RevalReserv]/Share (Rs.)124.86113.8996.5646.0630.53
Dividend / Share (Rs.)4.004.000.000.000.00
Revenue From Operations / Share (Rs.)82.6970.1966.4782.4695.72
PBDIT / Share (Rs.)22.9324.8023.4123.3621.42
PBIT / Share (Rs.)20.6523.0921.7521.9020.52
PBT / Share (Rs.)20.2422.9320.7620.4319.26
Net Profit / Share (Rs.)15.0417.1315.4015.3713.54
PBDIT Margin (%)27.7335.3235.2228.3222.37
PBIT Margin (%)24.9732.8932.7226.5621.43
PBT Margin (%)24.4832.6631.2324.7720.12
Net Profit Margin (%)18.1924.4023.1618.6414.15
Return on Networth / Equity (%)12.0415.0415.9433.3744.35
Return on Capital Employeed (%)16.3620.1122.2342.4163.66
Return On Assets (%)9.9512.6013.9721.6324.87
Long Term Debt / Equity (X)0.000.000.010.100.02
Total Debt / Equity (X)0.130.080.010.300.33
Asset Turnover Ratio (%)0.570.570.771.312.34
Current Ratio (X)3.414.846.302.801.87
Quick Ratio (X)2.554.404.992.021.22
Inventory Turnover Ratio (X)3.302.492.113.265.79
Dividend Payout Ratio (NP) (%)26.580.000.000.000.00
Dividend Payout Ratio (CP) (%)23.080.000.000.000.00
Earning Retention Ratio (%)73.420.000.000.000.00
Cash Earning Retention Ratio (%)76.920.000.000.000.00
Interest Coverage Ratio (X)56.44159.5323.6115.8517.01
Interest Coverage Ratio (Post Tax) (X)38.02111.2216.5211.4311.76
Enterprise Value (Cr.)773.10787.641372.680.000.00
EV / Net Operating Revenue (X)2.553.065.640.000.00
EV / EBITDA (X)9.208.6716.000.000.00
MarketCap / Net Operating Revenue (X)2.773.806.130.000.00
Retention Ratios (%)73.410.000.000.000.00
Price / BV (X)1.842.344.220.000.00
Price / Net Operating Revenue (X)2.773.806.130.000.00
EarningsYield0.060.060.030.000.00

Chemcon Speciality Chemicals Ltd Profitability Ratios (%)

Chemcon Speciality Chemicals Ltd Liquidity Ratios

Chemcon Speciality Chemicals Ltd Liquidity Ratios (%)

Chemcon Speciality Chemicals Ltd Interest Coverage Ratios (%)

Chemcon Speciality Chemicals Ltd Valuation Ratios

Fair Value

Fair Value: ₹544.79

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: 123.27% compared to the current price ₹244

Intrinsic Value: ₹491.54

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: 101.45% compared to the current price ₹244

Last 5 Year EPS CAGR: -9.77%

*Investments are subject to market risks

Strength and Weakness of Chemcon Speciality Chemicals Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 29.25%, which is a positive sign.
  2. The company has higher reserves (142.62 cr) compared to borrowings (24.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (170.77 cr) and profit (35.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 115.58, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 121.92, which may not be favorable.

FAQ

What is the latest fair value of Chemcon Speciality Chemicals Ltd?

The latest fair value of Chemcon Speciality Chemicals Ltd is ₹544.79.

What is the Market Cap of Chemcon Speciality Chemicals Ltd?

The Market Cap of Chemcon Speciality Chemicals Ltd is 897 Cr..

What is the current Stock Price of Chemcon Speciality Chemicals Ltd as on 19 May 2024?

The current stock price of Chemcon Speciality Chemicals Ltd as on 19 May 2024 is 244.

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

In FY 2024, the High / Low of Chemcon Speciality Chemicals Ltd stocks is ₹319/230.

What is the Stock P/E of Chemcon Speciality Chemicals Ltd?

The Stock P/E of Chemcon Speciality Chemicals Ltd is 33.5.

What is the Book Value of Chemcon Speciality Chemicals Ltd?

The Book Value of Chemcon Speciality Chemicals Ltd is 128.

What is the Dividend Yield of Chemcon Speciality Chemicals Ltd?

The Dividend Yield of Chemcon Speciality Chemicals Ltd is 1.64 %.

What is the ROCE of Chemcon Speciality Chemicals Ltd?

The ROCE of Chemcon Speciality Chemicals Ltd is 15.4 %.

What is the ROE of Chemcon Speciality Chemicals Ltd?

The ROE of Chemcon Speciality Chemicals Ltd is 12.5 %.

What is the Face Value of Chemcon Speciality Chemicals Ltd?

The Face Value of Chemcon Speciality Chemicals 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 Chemcon Speciality 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