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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 505710 | NSE: GRAUWEIL

Grauer & Weil (India) Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 8:30 pm

Market Cap 4,634 Cr.
Current Price 102
High / Low120/58.3
Stock P/E28.9
Book Value 19.2
Dividend Yield0.49 %
ROCE26.1 %
ROE19.6 %
Face Value 1.00
PEG Ratio1.57

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Grauer & Weil (India) Ltd

Competitors of Grauer & Weil (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HP Adhesives Ltd 699 Cr. 76.2131/75.334.0 19.20.39 %17.7 %12.6 % 2.00
Haryana Leather Chemicals Ltd 41.8 Cr. 85.2124/48.79.25 87.21.17 %8.96 %7.25 % 10.0
Hardcastle & Waud Mfg Co Ltd 54.4 Cr. 7991,355/44228.5 6630.00 %7.00 %5.98 % 10.0
Grauer & Weil (India) Ltd 4,634 Cr. 102120/58.328.9 19.20.49 %26.1 %19.6 % 1.00
DMCC Speciality Chemicals Ltd 733 Cr. 292380/24555.3 85.40.34 %10.8 %5.68 % 10.0
Industry Average12,300.08 Cr902.3355.73181.120.34%13.12%10.00%6.77

All Competitor Stocks of Grauer & Weil (India) Ltd

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales170203261199205251327200250285333264255
Expenses144169237159166204297152202230294200212
Operating Profit26342440394730484955396443
OPM %15%17%9%20%19%19%9%24%20%19%12%24%17%
Other Income33744546798814
Interest0020-011000300
Depreciation5555555555556
Profit before tax24322539384729485158396751
Tax %25%26%27%25%26%26%25%23%26%26%26%24%26%
Net Profit18231829283422373743295138
EPS in Rs0.390.510.400.640.620.760.480.810.830.940.641.120.83

Last Updated: November 6, 2024, 6:37 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:20 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales3273804094134324976006186057689811,0681,133
Expenses274319333335346400494521505655825877926
Operating Profit53617678869810697101114156191207
OPM %16%16%19%19%20%20%18%16%17%15%16%18%18%
Other Income23124105201516183134
Interest21171410332333354
Depreciation11121614141515191820202121
Profit before tax243546567391949594107152196215
Tax %17%14%28%24%26%30%32%21%27%26%26%25%
Net Profit20303342546464766979113146160
EPS in Rs0.440.670.740.931.201.411.411.671.521.742.493.233.53
Dividend Payout %14%12%15%15%17%21%21%15%16%19%16%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)50.00%10.00%27.27%28.57%18.52%0.00%18.75%-9.21%14.49%43.04%29.20%
Change in YoY Net Profit Growth (%)0.00%-40.00%17.27%1.30%-10.05%-18.52%18.75%-27.96%23.70%28.55%-13.83%

Grauer & Weil (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:12%
3 Years:21%
TTM:11%
Compounded Profit Growth
10 Years:17%
5 Years:16%
3 Years:30%
TTM:22%
Stock Price CAGR
10 Years:28%
5 Years:34%
3 Years:49%
1 Year:73%
Return on Equity
10 Years:17%
5 Years:17%
3 Years:18%
Last Year:20%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 2:37 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital23232323232323232323232345
Reserves145171194228278331379422491560657783824
Borrowings11997682720721232225242713
Other Liabilities125133125119133146159174214217251293322
Total Liabilities4124234103974545075816427508249541,1251,204
Fixed Assets231225216210212206231241238247244243250
CWIP010000314131421
Investments3321131001174974
Other Assets178194192186241297346399508576690818859
Total Assets4124234103974545075816427508249541,1251,204

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +574955778771338411744114159
Cash from Investing Activity +-17-6-9-8-54-61-13-53-43-17-116-108
Cash from Financing Activity +-38-43-46-62-10-25-2-36-3-15-19-20
Net Cash Flow100823-1417-57112-2131

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-66.00-36.008.0051.0066.0091.0085.0074.0079.0089.00132.00164.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days878980706365686777626863
Inventory Days1291091201151181001061261081218390
Days Payable9579676882816895110917786
Cash Conversion Cycle12111913311799831069975927567
Working Capital Days535461735453686848585141
ROCE %16%18%21%24%25%27%26%20%19%19%24%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters69.05%69.05%69.05%69.05%69.04%69.04%69.04%69.04%69.04%69.04%69.04%69.04%
FIIs0.55%0.62%0.71%1.04%1.14%1.24%1.40%1.21%1.21%1.07%0.95%0.91%
DIIs0.01%0.02%0.02%0.02%0.08%0.11%0.19%0.02%0.02%0.02%0.02%0.02%
Public30.39%30.31%30.22%29.90%29.74%29.59%29.36%29.73%29.73%29.87%29.99%30.03%
No. of Shareholders41,80539,91341,83143,17743,49742,21841,14644,03043,85243,66049,45058,402

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)6.454.983.473.043.35
Diluted EPS (Rs.)6.454.983.473.043.35
Cash EPS (Rs.)7.385.864.343.854.18
Book Value[Excl.RevalReserv]/Share (Rs.)35.5229.9625.6922.6719.62
Book Value[Incl.RevalReserv]/Share (Rs.)35.5229.9625.6922.6719.62
Revenue From Operations / Share (Rs.)47.1543.3133.8926.7227.32
PBDIT / Share (Rs.)9.777.695.585.074.78
PBIT / Share (Rs.)8.846.824.714.263.94
PBT / Share (Rs.)8.666.704.714.164.21
Net Profit / Share (Rs.)6.454.983.473.043.35
NP After MI And SOA / Share (Rs.)6.454.983.473.043.35
PBDIT Margin (%)20.7117.7516.4518.9717.50
PBIT Margin (%)18.7415.7413.9015.9314.43
PBT Margin (%)18.3515.4713.8915.5715.40
Net Profit Margin (%)13.6811.5010.2411.3712.24
NP After MI And SOA Margin (%)13.6811.5010.2511.3512.24
Return on Networth / Equity (%)18.1616.6213.5213.3817.05
Return on Capital Employeed (%)23.2421.1116.8816.9718.14
Return On Assets (%)12.9911.839.559.1711.81
Total Debt / Equity (X)0.020.020.030.030.04
Asset Turnover Ratio (%)1.031.100.970.861.01
Current Ratio (X)3.162.872.892.752.55
Quick Ratio (X)2.642.302.142.241.82
Inventory Turnover Ratio (X)4.224.113.813.033.25
Dividend Payout Ratio (NP) (%)22.4713.0414.380.0014.94
Dividend Payout Ratio (CP) (%)19.6311.0911.510.0011.95
Earning Retention Ratio (%)77.5386.9685.620.0085.06
Cash Earning Retention Ratio (%)80.3788.9188.490.0088.05
Interest Coverage Ratio (X)53.7793.6350.3653.3341.57
Interest Coverage Ratio (Post Tax) (X)36.5162.0431.3732.9926.78
Enterprise Value (Cr.)3602.561964.441088.88653.83650.83
EV / Net Operating Revenue (X)3.372.001.421.081.05
EV / EBITDA (X)16.2711.278.615.696.00
MarketCap / Net Operating Revenue (X)3.742.271.731.471.24
Retention Ratios (%)77.5286.9585.610.0085.05
Price / BV (X)4.973.292.281.731.73
Price / Net Operating Revenue (X)3.742.271.731.471.24
EarningsYield0.030.050.050.070.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Grauer & Weil (India) Ltd as of November 21, 2024 is: 109.29

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.

As of November 21, 2024, Grauer & Weil (India) Ltd is Undervalued by 7.15% compared to the current share price 102.00

Intrinsic Value of Grauer & Weil (India) Ltd as of November 21, 2024 is: 129.35

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, Grauer & Weil (India) Ltd is Undervalued by 26.81% compared to the current share price 102.00

Last 5 Year EPS CAGR: 18.35%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 22.08%, which is a positive sign.
  2. The company has higher reserves (420.23 cr) compared to borrowings (37.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (464.00 cr) and profit (98.31 cr) over the years.
  1. The stock has a high average Working Capital Days of 56.83, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 98.83, 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 Grauer & Weil (India) Ltd:
    1. Net Profit Margin: 13.68%
      • 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: 23.24% (Industry Average ROCE: 13.12%)
      • 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%: 18.16% (Industry Average ROE: 9.66%)
      • 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): 36.51
      • 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: 2.64
      • 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: 28.9 (Industry average Stock P/E: 46.44)
      • 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: 0.02
      • 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

Grauer & Weil (India) Ltd. is a Public Limited Listed company incorporated on 25/11/1957 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74999MH1957PLC010975 and registration number is 010975. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 766.56 Cr. and Equity Capital is Rs. 22.67 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersGrowel Corporate, Mumbai Maharashtra 400101secretarial@growel.com
http://www.growel.com
Management
NamePosition Held
Mr. Umeshkumar MoreChairman
Mr. Nirajkumar MoreManaging Director
Mr. Rohitkumar MoreWhole Time Director
Mr. Yogesh SamatWhole Time Director
Mr. Suresh PareekIndependent Director
Mr. Tarun Kumar GovilIndependent Director
Dr. Prerna GoradiaIndependent Director
Mr. Ayush AgarwalaIndependent Director

FAQ

What is the latest intrinsic value of Grauer & Weil (India) Ltd?

The latest intrinsic value of Grauer & Weil (India) Ltd as on 21 November 2024 is ₹109.29, which is 7.15% higher than the current market price of ₹102.00.

What is the Market Cap of Grauer & Weil (India) Ltd?

The Market Cap of Grauer & Weil (India) Ltd is 4,634 Cr..

What is the current Stock Price of Grauer & Weil (India) Ltd as on 21 November 2024?

The current stock price of Grauer & Weil (India) Ltd as on 21 November 2024 is ₹102.

What is the High / Low of Grauer & Weil (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Grauer & Weil (India) Ltd stocks is 120/58.3.

What is the Stock P/E of Grauer & Weil (India) Ltd?

The Stock P/E of Grauer & Weil (India) Ltd is 28.9.

What is the Book Value of Grauer & Weil (India) Ltd?

The Book Value of Grauer & Weil (India) Ltd is 19.2.

What is the Dividend Yield of Grauer & Weil (India) Ltd?

The Dividend Yield of Grauer & Weil (India) Ltd is 0.49 %.

What is the ROCE of Grauer & Weil (India) Ltd?

The ROCE of Grauer & Weil (India) Ltd is 26.1 %.

What is the ROE of Grauer & Weil (India) Ltd?

The ROE of Grauer & Weil (India) Ltd is 19.6 %.

What is the Face Value of Grauer & Weil (India) Ltd?

The Face Value of Grauer & Weil (India) Ltd is 1.00.

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 Grauer & Weil (India) 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