Heubach Colorants India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:42 am

Market Cap	1,247 Cr.
Current Price	540
High / Low	734/354
Stock P/E	34.8
Book Value	214
Dividend Yield	0.00 %
ROCE	12.5 %
ROE	9.09 %
Face Value	10.0
PEG Ratio	-1.06

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

Stock P/E Current Price Intrinsic Value

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Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Dynamic Industries Ltd	32.3 Cr.	107	124/64.0	34.0	157	0.47 %	0.04 %	0.49 %	10.0
Daikaffil Chemicals India Ltd	144 Cr.	240	261/72.0		16.1	0.00 %	17.3 %	17.4 %	10.0
Amal Ltd	554 Cr.	448	489/296	64.3	61.4	0.00 %	6.58 %	2.42 %	10.0
Vidhi Specialty Food Ingredients Ltd	2,715 Cr.	544	570/382	71.4	58.0	0.37 %	17.3 %	13.8 %	1.00
Ushanti Colour Chem Ltd	63.0 Cr.	56.0	70.2/49.8		38.6	0.00 %	0.21 %	5.88 %	10.0
Industry Average	1,410.00 Cr	352.26		80.49	162.22	0.23%	8.57%	7.14%	8.24

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	212.76	194.88	221.81	210.06	220.09	188.41	178.26	179.65	209.35	200.35	176.09	204.91	173.38
Expenses	194.65	184.20	205.29	193.73	202.96	174.18	165.45	162.83	183.46	178.47	161.80	194.90	162.27
Operating Profit	18.11	10.68	16.52	16.33	17.13	14.23	12.81	16.82	25.89	21.88	14.29	10.01	11.11
OPM %	8.51%	5.48%	7.45%	7.77%	7.78%	7.55%	7.19%	9.36%	12.37%	10.92%	8.12%	4.89%	6.41%
Other Income	6.69	0.50	0.18	1.30	2.83	-4.58	0.92	0.42	0.36	1.99	1.01	5.36	2.01
Interest	0.09	0.12	0.17	0.09	0.08	0.08	0.06	0.01	0.10	0.63	0.73	0.74	0.63
Depreciation	5.09	5.10	5.06	5.09	5.17	5.17	5.09	4.97	4.92	5.82	5.90	5.97	5.55
Profit before tax	19.62	5.96	11.47	12.45	14.71	4.40	8.58	12.26	21.23	17.42	8.67	8.66	6.94
Tax %	27.06%	26.85%	26.33%	-30.12%	25.63%	275.68%	21.68%	24.71%	24.63%	26.00%	26.30%	32.56%	25.50%
Net Profit	14.31	4.36	8.45	16.20	10.94	-7.73	6.72	9.23	16.00	12.89	6.39	5.84	5.17
EPS in Rs	6.20	1.89	3.66	7.02	4.74	-3.35	2.91	4.00	6.93	5.58	2.77	2.53	2.24

Last Updated: September 12, 2024, 11:12 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 12, 2024, 11:12 am

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,091	1,237	1,045	1,140	981	1,014	719	757	731	840	766	791	755
Expenses	954	1,117	1,019	1,073	914	970	677	697	646	778	705	719	697
Operating Profit	137	121	26	67	67	44	42	60	84	62	61	72	57
OPM %	13%	10%	3%	6%	7%	4%	6%	8%	12%	7%	8%	9%	8%
Other Income	28	130	1,196	53	9	28	17	50	268	9	-1	9	10
Interest	1	2	1	1	0	1	1	4	3	0	0	2	3
Depreciation	22	23	33	50	39	38	29	39	36	20	20	23	23
Profit before tax	142	226	1,187	69	36	33	29	66	314	49	40	56	42
Tax %	29%	26%	21%	14%	33%	35%	36%	24%	30%	12%	52%	27%
Net Profit	101	167	943	59	24	22	19	51	220	43	19	41	30
EPS in Rs	38.00	62.55	353.83	25.72	10.61	9.36	8.04	21.97	95.21	18.77	8.31	17.82	13.12
Dividend Payout %	72%	48%	11%	583%	236%	53%	124%	50%	215%	-0%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-59.32%	-8.33%	-13.64%	168.42%	331.37%	-80.45%	-55.81%	115.79%
Change in YoY Net Profit Growth (%)	0.00%	50.99%	-5.30%	182.06%	162.95%	-411.83%	24.64%	171.60%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-4%
5 Years:	2%
3 Years:	3%
TTM:	1%

Compounded Profit Growth
10 Years:	-7%
5 Years:	18%
3 Years:	3%
TTM:	-20%

Stock Price CAGR
10 Years:	-5%
5 Years:	8%
3 Years:	4%
1 Year:	-9%

Return on Equity
10 Years:	5%
5 Years:	8%
3 Years:	8%
Last Year:	9%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:48 pm

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	27	27	27	23	23	23	23	23	23	23	23	23	23
Reserves	475	548	1,369	646	650	602	593	628	384	391	409	449	472
Borrowings	0	0	9	0	0	0	0	32	1	0	0	27	26
Other Liabilities	320	337	437	232	260	268	278	260	241	222	229	226	231
Total Liabilities	821	912	1,842	902	933	893	895	943	649	636	662	726	752
Fixed Assets	174	166	335	365	343	323	309	227	150	150	146	172	164
CWIP	9	25	13	5	10	10	21	3	9	8	8	4	5
Investments	235	267	33	74	112	41	12	81	10	9	3	4	4
Other Assets	403	453	1,461	458	468	518	552	632	481	469	505	545	579
Total Assets	821	912	1,842	902	933	893	895	943	649	636	662	726	752

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	77	-32	-60	-148	82	-1	29	101	57	13	36	95
Cash from Investing Activity +	34	127	1,224	-35	-50	67	7	-78	415	5	-9	-17
Cash from Financing Activity +	-125	-87	-175	-799	-29	-70	-28	-25	-474	-35	-0	-3
Net Cash Flow	-14	8	989	-983	3	-4	8	-2	-2	-17	27	74

Free Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	137.00	121.00	17.00	67.00	67.00	44.00	42.00	28.00	83.00	62.00	61.00	45.00

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

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	50	50	56	57	64	64	92	71	85	73	104	90
Inventory Days	91	69	86	72	95	94	155	101	117	105	101	96
Days Payable	103	77	77	74	103	103	160	108	155	120	139	136
Cash Conversion Cycle	37	42	65	54	57	55	87	64	47	59	66	50
Working Capital Days	24	24	-9	49	49	60	91	133	78	77	91	71
ROCE %	26%	21%	1%	6%	5%	5%	5%	11%	12%	11%	11%	12%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	51.00%	51.00%	54.37%	54.37%	54.37%	54.37%	54.37%	54.37%	54.37%	54.37%	54.37%	54.37%
FIIs	0.73%	0.72%	0.46%	0.62%	0.39%	0.39%	0.34%	0.29%	0.28%	0.31%	0.34%	0.37%
DIIs	3.07%	3.07%	3.07%	3.07%	3.07%	2.51%	1.98%	1.96%	0.49%	1.28%	1.92%	3.24%
Public	45.20%	45.20%	42.10%	41.94%	42.18%	42.73%	43.31%	43.37%	44.85%	44.05%	43.37%	42.03%
No. of Shareholders	55,706	58,075	58,809	59,069	58,735	57,794	57,031	55,507	52,960	50,113	48,176	48,362

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Quant Value Fund	134,304	0.32	6.6	134,304	2024-12-14	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	17.82	8.31	18.77	95.22	21.96
Diluted EPS (Rs.)	17.82	8.31	18.77	95.22	21.96
Cash EPS (Rs.)	27.62	17.15	27.58	110.80	38.97
Book Value[Excl.RevalReserv]/Share (Rs.)	204.68	187.34	179.30	176.42	282.22
Book Value[Incl.RevalReserv]/Share (Rs.)	204.68	187.34	179.30	176.42	282.22
Dividend / Share (Rs.)	0.00	0.00	15.00	205.00	11.00
Revenue From Operations / Share (Rs.)	342.56	332.04	363.71	316.60	328.08
PBDIT / Share (Rs.)	35.01	28.98	30.46	41.87	33.52
PBIT / Share (Rs.)	25.21	20.15	21.65	26.29	16.52
PBT / Share (Rs.)	24.26	17.32	21.44	135.55	14.86
Net Profit / Share (Rs.)	17.82	8.31	18.77	95.21	21.97
PBDIT Margin (%)	10.21	8.72	8.37	13.22	10.21
PBIT Margin (%)	7.35	6.06	5.95	8.30	5.03
PBT Margin (%)	7.08	5.21	5.89	42.81	4.52
Net Profit Margin (%)	5.20	2.50	5.16	30.07	6.69
Return on Networth / Equity (%)	8.70	4.43	10.46	53.96	7.78
Return on Capital Employeed (%)	11.39	10.43	11.69	14.42	5.51
Return On Assets (%)	5.67	2.89	6.81	33.86	5.37
Asset Turnover Ratio (%)	1.14	1.18	1.31	0.91	0.82
Current Ratio (X)	2.23	2.07	1.95	1.86	2.51
Quick Ratio (X)	1.65	1.47	1.23	1.27	2.01
Inventory Turnover Ratio (X)	3.11	2.78	3.37	2.96	2.54
Dividend Payout Ratio (NP) (%)	0.00	0.00	79.92	211.10	22.76
Dividend Payout Ratio (CP) (%)	0.00	0.00	54.38	181.41	12.83
Earning Retention Ratio (%)	0.00	0.00	20.08	-111.10	77.24
Cash Earning Retention Ratio (%)	0.00	0.00	45.62	-81.41	87.17
Interest Coverage Ratio (X)	36.87	291.12	148.44	37.22	20.18
Interest Coverage Ratio (Post Tax) (X)	19.77	111.89	92.45	-12.91	5.84
Enterprise Value (Cr.)	892.27	575.03	1040.37	825.59	494.96
EV / Net Operating Revenue (X)	1.13	0.75	1.24	1.13	0.65
EV / EBITDA (X)	11.04	8.60	14.80	8.54	6.40
MarketCap / Net Operating Revenue (X)	1.27	0.80	1.25	1.17	0.69
Retention Ratios (%)	0.00	0.00	20.07	-111.10	77.23
Price / BV (X)	2.13	1.42	2.54	2.11	0.80
Price / Net Operating Revenue (X)	1.27	0.80	1.25	1.17	0.69
EarningsYield	0.04	0.03	0.04	0.25	0.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 690.49

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 December 21, 2024, is Undervalued by 27.87% compared to the current share price 540.00

Intrinsic Value of as of December 21, 2024 is: 464.52

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 December 21, 2024, is Overvalued by 13.98% compared to the current share price 540.00

Last 5 Year EPS CAGR: -32.73%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (585.85 cr) compared to borrowings (7.31 cr), indicating strong financial stability. The company has shown consistent growth in sales (488.08 cr) and profit (84.85 cr) over the years.	The stock has a low average ROCE of 10.50%, which may not be favorable. The stock has a high average Working Capital Days of 61.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 56.92, which may not be favorable.

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 :
1. Net Profit Margin: 5.2%
  - 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: 11.39% (Industry Average ROCE: 8.57%)
  - 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%: 8.7% (Industry Average ROE: 7.14%)
  - 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): 19.77
  - 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: 34.8 (Industry average Stock P/E: 66.29)
  - 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
  - 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

Clariant Chemicals (India) Ltd. is a Public Limited Listed company incorporated on 27/12/1956 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24110MH1956PLC010806 and registration number is 010806. Currently Company is involved in the business activities of Manufacture of dyes and pigments from any source in basic form or as concentrate. Company’s Total Operating Revenue is Rs. 839.51 Cr. and Equity Capital is Rs. 23.08 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Dyes & Pigments	Rupa Renaissance, B Wing, 25th Floor, New Mumbai Maharashtra 400705	investor.relations_India@clariant.com http://www.clariant.com

Management
Name	Position Held
Mr. Ravi Kapoor	Chairman & Non-Exe.Director
Mr. Jugal Sahu	Executive Director & CFO
Mr. Kewal Handa	Independent Director
Mr. Sunirmal Talukdar	Independent Director
Mrs. Diana Dhote	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹690.49, which is 27.87% higher than the current market price of ₹540.00. The stock has a market capitalization of 1,247 Cr. and recorded a high/low of 734/354 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹472 Cr and total liabilities of ₹752 Cr.

What is the Market Cap of ?

The Market Cap of is 1,247 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 540.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 734/354.

What is the Stock P/E of ?

The Stock P/E of is 34.8.

What is the Book Value of ?

The Book Value of is 214.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 12.5 %.

What is the ROE of ?

The ROE of is 9.09 %.

What is the Face Value of ?

The Face Value of is 10.0.