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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Choksi Imaging Ltd

About the Company - Choksi Imaging Ltd

Choksi Imaging Ltd. is a Public Limited Listed company incorporated on 01/10/1992 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24294MH1992PLC388063 and registration number is 068852. Currently company belongs to the Industry of Photographic & Allied Products. Company’s Total Operating Revenue is Rs. 2.46 Cr. and Equity Capital is Rs. 3.90 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Photographic & Allied Products163/164, Choksi Bhuvan, Nehru Road, Vile Parle East, Mumbai Maharashtra 400057imaging@choksiworld.com
www.choksiworld.com
Management
NamePosition Held
Mr. Himanshu KishnadwalaChairman & Ind.Director
Mr. Samir K ChoksiManaging Director
Mr. Tushar M ParikhIndependent Director
Mr. Brijal DesaiIndependent Director
Mr. Jay ChoksiWhole Time Director

Choksi Imaging Ltd. Share Price Update

Share PriceValue
Today₹68.20
Previous Day₹70.29

Basic Stock Data of Choksi Imaging Ltd

Market Cap 26.6 Cr.
Current Price 68.3
High / Low92.0/37.1
Stock P/E
Book Value 38.5
Dividend Yield0.00 %
ROCE2.79 %
ROE3.05 %
Face Value 10.0

Data Source: screener.in

Competitors of Choksi Imaging Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Universus Photo Imagings Ltd 440 Cr. 402488/330 8840.00 %6.85 %7.32 % 10.0
Photoquip India Ltd 16.0 Cr. 26.636.2/14.8 13.30.00 %10.7 %43.0 % 10.0
Industry Average228.00 Cr214.300.00448.650.00%8.78%25.16%10.00

Choksi Imaging Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2.552.700.880.270.580.430.370.080.040.280.400.550.16
Expenses3.283.291.560.620.790.880.740.490.530.450.771.150.63
Operating Profit-0.73-0.59-0.68-0.35-0.21-0.45-0.37-0.41-0.49-0.17-0.37-0.60-0.47
OPM %-28.63%-21.85%-77.27%-129.63%-36.21%-104.65%-100.00%-512.50%-1,225.00%-60.71%-92.50%-109.09%-293.75%
Other Income2.540.480.150.850.040.310.220.300.400.240.380.170.24
Interest0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.040.040.040.040.040.040.040.040.040.040.040.040.04
Profit before tax1.77-0.15-0.570.46-0.21-0.18-0.19-0.15-0.130.03-0.03-0.47-0.27
Tax %44.07%13.33%3.51%-2.17%4.76%11.11%-15.79%-13.33%7.69%-33.33%0.00%0.00%0.00%
Net Profit0.99-0.14-0.550.46-0.20-0.17-0.22-0.17-0.120.04-0.03-0.47-0.27
EPS in Rs2.54-0.36-1.411.18-0.51-0.44-0.56-0.44-0.310.10-0.08-1.21-0.69

Choksi Imaging Ltd Quarterly Chart

Choksi Imaging Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales184.26229.66170.21108.0345.9627.2623.0817.3316.0011.382.460.771.39
Expenses178.74225.16172.79106.1943.4026.3121.7717.7517.4212.853.922.213.00
Operating Profit5.524.50-2.581.842.560.951.31-0.42-1.42-1.47-1.46-1.44-1.61
OPM %3.00%1.96%-1.52%1.70%5.57%3.48%5.68%-2.42%-8.88%-12.92%-59.35%-187.01%-115.83%
Other Income0.240.250.060.070.400.430.741.641.064.361.141.161.03
Interest3.293.783.291.560.370.000.000.000.000.000.000.000.00
Depreciation0.590.610.600.440.410.390.220.210.170.190.170.160.16
Profit before tax1.880.36-6.41-0.092.180.991.831.01-0.532.70-0.49-0.44-0.74
Tax %32.45%36.11%-0.94%577.78%0.92%22.22%30.05%14.85%-5.66%29.26%12.24%-6.82%
Net Profit1.270.23-6.460.422.170.771.290.86-0.561.91-0.42-0.48-0.73
EPS in Rs3.260.59-16.561.085.561.973.312.21-1.444.90-1.08-1.23-1.88
Dividend Payout %30.71%84.78%0.00%46.43%17.97%37.99%22.67%22.67%0.00%51.05%0.00%0.00%

Choksi Imaging Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-81.89%-2908.70%106.50%416.67%-64.52%67.53%-33.33%-165.12%441.07%-121.99%-14.29%
Change in YoY Net Profit Growth (%)0.00%-2826.81%3015.20%310.17%-481.18%132.05%-100.87%-131.78%606.19%-563.06%107.70%

Choksi Imaging Ltd Growth

Compounded Sales Growth
10 Years:-43%
5 Years:-49%
3 Years:-64%
TTM:51%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:5%
TTM:-7%
Stock Price CAGR
10 Years:19%
5 Years:33%
3 Years:43%
1 Year:45%
Return on Equity
10 Years:-1%
5 Years:1%
3 Years:1%
Last Year:-3%

Choksi Imaging Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3.903.903.903.903.903.903.903.903.903.903.903.903.90
Reserves15.2515.258.788.3110.0110.9911.9212.4211.6213.5312.0911.6211.12
Borrowings34.1832.6517.656.430.000.000.000.000.000.000.000.000.00
Other Liabilities54.0351.1523.6317.0922.4520.8020.8820.9120.083.792.422.532.50
Total Liabilities107.36102.9553.9635.7336.3635.6936.7037.2335.6021.2218.4118.0517.52
Fixed Assets10.8710.4010.108.818.508.037.817.517.346.125.955.795.71
CWIP0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.003.877.495.362.936.870.783.350.000.00
Other Assets96.4992.5543.8626.9223.9920.1723.5326.7921.3914.329.1112.2611.81
Total Assets107.36102.9553.9635.7336.3635.6936.7037.2335.6021.2218.4118.0517.52

Choksi Imaging Ltd Reserves and Borrowings Chart

Choksi Imaging Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -4.361.4115.6710.647.931.655.492.42-2.52-8.91-0.56-2.52
Cash from Investing Activity -2.69-0.14-0.30-0.12-0.17-0.010.000.58-0.018.05-2.493.35
Cash from Financing Activity 6.22-1.75-15.01-11.45-6.900.00-0.35-0.35-0.240.00-0.980.00
Net Cash Flow-0.83-0.480.36-0.940.861.655.142.64-2.77-0.85-4.020.83

Choksi Imaging Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days62.0068.4749.4332.7763.4578.86106.43103.41107.6832.0789.02180.13
Inventory Days121.4975.3233.9046.51101.48125.3789.13155.93112.8434.4771.321,971.00
Days Payable115.0481.5744.6053.76209.89350.06406.96502.85531.0744.8127.2787.60
Cash Conversion Cycle68.4562.2238.7325.52-44.96-145.82-211.39-243.51-310.5521.73133.082,063.53
Working Capital Days79.6362.7538.7325.78-12.31-74.85-114.50-139.43-178.1775.69381.322,360.65
ROCE %10.42%7.88%-7.60%6.00%15.67%6.53%9.64%5.66%-3.33%10.44%-2.93%-2.79%

Choksi Imaging Ltd Financial Efficiency Indicators Chart

Choksi Imaging Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters41.29%41.29%38.51%63.24%63.24%63.24%63.37%63.44%63.44%63.44%63.44%63.44%
Public58.71%58.71%61.49%36.76%36.76%36.76%36.64%36.56%36.55%36.56%36.55%36.55%
No. of Shareholders2,0882,1532,7473,5353,5663,5643,3823,2263,1833,0333,0293,055

Choksi Imaging Ltd Shareholding Pattern Chart

No. of Choksi Imaging Ltd Shareholders

This stock is not held by any mutual fund

Choksi Imaging Ltd ROCE Trend

Choksi Imaging Ltd EPS Trend

Choksi Imaging Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-1.22-1.084.89-1.422.19
Diluted EPS (Rs.)-1.22-1.084.89-1.422.19
Cash EPS (Rs.)-0.80-0.655.37-0.972.74
Book Value[Excl.RevalReserv]/Share (Rs.)39.7941.0144.6939.8041.84
Book Value[Incl.RevalReserv]/Share (Rs.)39.7941.0144.6939.8041.84
Dividend / Share (Rs.)0.002.502.500.000.50
Revenue From Operations / Share (Rs.)1.976.3228.6241.0344.44
PBDIT / Share (Rs.)-0.72-0.807.41-0.913.12
PBIT / Share (Rs.)-1.14-1.236.94-1.362.58
PBT / Share (Rs.)-1.14-1.236.94-1.362.58
Net Profit / Share (Rs.)-1.22-1.084.89-1.422.19
PBDIT Margin (%)-36.54-12.7825.90-2.227.02
PBIT Margin (%)-57.77-19.5124.24-3.325.80
PBT Margin (%)-57.77-19.5124.24-3.325.80
Net Profit Margin (%)-61.80-17.1617.09-3.474.93
Return on Networth / Equity (%)-3.06-2.6410.94-3.575.24
Return on Capital Employeed (%)-2.65-2.8014.50-3.285.92
Return On Assets (%)-2.63-2.298.99-1.562.29
Asset Turnover Ratio (%)0.040.120.390.430.46
Current Ratio (X)7.898.425.101.371.36
Quick Ratio (X)5.858.144.741.171.07
Inventory Turnover Ratio (X)0.540.392.622.182.19
Dividend Payout Ratio (NP) (%)0.00-230.490.00-35.0934.18
Dividend Payout Ratio (CP) (%)0.00-379.370.00-51.2027.39
Earning Retention Ratio (%)0.00330.490.00135.0965.82
Cash Earning Retention Ratio (%)0.00479.370.00151.2072.61
Enterprise Value (Cr.)12.6311.861.13-4.65-4.61
EV / Net Operating Revenue (X)16.424.810.10-0.29-0.26
EV / EBITDA (X)-44.93-37.660.3913.05-3.79
MarketCap / Net Operating Revenue (X)21.806.160.750.220.36
Retention Ratios (%)0.00330.490.00135.0965.81
Price / BV (X)1.080.940.480.220.38
Price / Net Operating Revenue (X)21.816.160.750.220.36
EarningsYield-0.02-0.020.22-0.150.13

Choksi Imaging Ltd Profitability Ratios (%)

Choksi Imaging Ltd Liquidity Ratios

Choksi Imaging Ltd Liquidity Ratios (%)

Choksi Imaging Ltd Interest Coverage Ratios (X)

Choksi Imaging Ltd Valuation Ratios

Fair Value / Intrinsic Value of Choksi Imaging Ltd

Fair Value: ₹17.97

The stock is overvalued by 73.70% compared to the current price ₹68.3

*Investments are subject to market risks

Strength and Weakness of Choksi Imaging Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 12.22, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -50.38, which is a positive sign.
  3. The company has higher reserves (11.76 cr) compared to borrowings (6.99 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (64.45 cr) and profit (0.17 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 1.62 and average Dividend Yield of -10.11%.
  2. The stock has a low average ROCE of 4.63%, which may not be favorable.

Should I Buy Choksi Imaging Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Choksi Imaging Ltd:
    1. Net Profit Margin: -61.80%
      • 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: -2.65% (Industry Average ROCE: 8.78%)
      • 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. Interest Coverage Ratio (Post Tax): N/A
      • 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.
    4. Quick Ratio: 5.85
      • 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.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 0)
      • 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.
    6. ✗ Total Debt / Equity: N/A
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Choksi Imaging 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