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Last Updated on: 17 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 506390 | NSE: HEUBACHIND

Heubach Colorants India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 16, 2024, 11:57 pm

Market Cap 1,270 Cr.
Current Price 550
High / Low734/354
Stock P/E41.9
Book Value 205
Dividend Yield0.00 %
ROCE12.5 %
ROE9.09 %
Face Value 10.0
PEG Ratio-1.28

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

View Share Price Target for Heubach Colorants India Ltd

Competitors of Heubach Colorants India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dynamic Industries Ltd 31.7 Cr. 105110/58.190.5 1540.48 %0.04 %0.49 % 10.0
Daikaffil Chemicals India Ltd 118 Cr. 197202/40.9 17.60.00 %17.3 %17.4 % 10.0
Amal Ltd 440 Cr. 356489/29691.7 56.50.00 %6.58 %2.42 % 10.0
Vidhi Specialty Food Ingredients Ltd 2,364 Cr. 474530/38264.4 56.30.42 %17.3 %13.8 % 1.00
Ushanti Colour Chem Ltd 74.2 Cr. 66.075.4/49.8 39.60.00 %0.21 %5.88 % 10.0
Industry Average1,364.77 Cr347.6485.08162.630.22%8.67%7.38%8.13

All Competitor Stocks of Heubach Colorants India Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales212.76194.88221.81210.06220.09188.41178.26179.65209.35200.35176.09204.91173.38
Expenses194.65184.20205.29193.73202.96174.18165.45162.83183.46178.47161.80194.90162.27
Operating Profit18.1110.6816.5216.3317.1314.2312.8116.8225.8921.8814.2910.0111.11
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 Income6.690.500.181.302.83-4.580.920.420.361.991.015.362.01
Interest0.090.120.170.090.080.080.060.010.100.630.730.740.63
Depreciation5.095.105.065.095.175.175.094.974.925.825.905.975.55
Profit before tax19.625.9611.4712.4514.714.408.5812.2621.2317.428.678.666.94
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 Profit14.314.368.4516.2010.94-7.736.729.2316.0012.896.395.845.17
EPS in Rs6.201.893.667.024.74-3.352.914.006.935.582.772.532.24

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

Quarterly Chart

Profit & Loss - Annual Report

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

MonthDec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,0911,2371,0451,1409811,014719757731840766791755
Expenses9541,1171,0191,073914970677697646778705719697
Operating Profit1371212667674442608462617257
OPM %13%10%3%6%7%4%6%8%12%7%8%9%8%
Other Income281301,1965392817502689-1910
Interest1211011430023
Depreciation22233350393829393620202323
Profit before tax1422261,187693633296631449405642
Tax %29%26%21%14%33%35%36%24%30%12%52%27%
Net Profit101167943592422195122043194130
EPS in Rs38.0062.55353.8325.7210.619.368.0421.9795.2118.778.3117.8213.12
Dividend Payout %72%48%11%583%236%53%124%50%215%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
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%

Heubach Colorants India Ltd 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:0%
Compounded Profit Growth
10 Years:-7%
5 Years:18%
3 Years:3%
TTM:66%
Stock Price CAGR
10 Years:-6%
5 Years:14%
3 Years:-3%
1 Year:23%
Return on Equity
10 Years:5%
5 Years:8%
3 Years:8%
Last Year:9%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 3:52 pm

MonthDec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital272727232323232323232323
Reserves4755481,369646650602593628384391409449
Borrowings00900003210027
Other Liabilities320337437232260268278260241222229226
Total Liabilities8219121,842902933893895943649636662726
Fixed Assets174166335365343323309227150150146172
CWIP92513510102139884
Investments235267337411241128110934
Other Assets4034531,461458468518552632481469505545
Total Assets8219121,842902933893895943649636662726

Reserves and Borrowings Chart

Cash Flow

MonthDec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 77-32-60-14882-12910157133695
Cash from Investing Activity 341271,224-35-50677-784155-9-17
Cash from Financing Activity -125-87-175-799-29-70-28-25-474-35-0-3
Net Cash Flow-148989-9833-48-2-2-172774

Free Cash Flow

MonthDec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow137.00121.0017.0067.0067.0044.0042.0028.0083.0062.0061.0045.00

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

MonthDec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days5050565764649271857310490
Inventory Days91698672959415510111710510196
Days Payable103777774103103160108155120139136
Cash Conversion Cycle374265545755876447596650
Working Capital Days2424-94949609113378779171
ROCE %26%21%1%6%5%5%5%11%12%11%11%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters51.00%51.00%54.37%54.37%54.37%54.37%54.37%54.37%54.37%54.37%54.37%54.37%
FIIs0.73%0.72%0.46%0.62%0.39%0.39%0.34%0.29%0.28%0.31%0.34%0.37%
DIIs3.07%3.07%3.07%3.07%3.07%2.51%1.98%1.96%0.49%1.28%1.92%3.24%
Public45.20%45.20%42.10%41.94%42.18%42.73%43.31%43.37%44.85%44.05%43.37%42.03%
No. of Shareholders55,70658,07558,80959,06958,73557,79457,03155,50752,96050,11348,17648,362

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Value Fund134,3040.326.6134,3042024-10-130%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)17.828.3118.7795.2221.96
Diluted EPS (Rs.)17.828.3118.7795.2221.96
Cash EPS (Rs.)27.6217.1527.58110.8038.97
Book Value[Excl.RevalReserv]/Share (Rs.)204.68187.34179.30176.42282.22
Book Value[Incl.RevalReserv]/Share (Rs.)204.68187.34179.30176.42282.22
Dividend / Share (Rs.)0.000.0015.00205.0011.00
Revenue From Operations / Share (Rs.)342.56332.04363.71316.60328.08
PBDIT / Share (Rs.)35.0128.9830.4641.8733.52
PBIT / Share (Rs.)25.2120.1521.6526.2916.52
PBT / Share (Rs.)24.2617.3221.44135.5514.86
Net Profit / Share (Rs.)17.828.3118.7795.2121.97
PBDIT Margin (%)10.218.728.3713.2210.21
PBIT Margin (%)7.356.065.958.305.03
PBT Margin (%)7.085.215.8942.814.52
Net Profit Margin (%)5.202.505.1630.076.69
Return on Networth / Equity (%)8.704.4310.4653.967.78
Return on Capital Employeed (%)11.3910.4311.6914.425.51
Return On Assets (%)5.672.896.8133.865.37
Asset Turnover Ratio (%)1.141.181.310.910.82
Current Ratio (X)2.232.071.951.862.51
Quick Ratio (X)1.651.471.231.272.01
Inventory Turnover Ratio (X)3.112.783.372.962.54
Dividend Payout Ratio (NP) (%)0.000.0079.92211.1022.76
Dividend Payout Ratio (CP) (%)0.000.0054.38181.4112.83
Earning Retention Ratio (%)0.000.0020.08-111.1077.24
Cash Earning Retention Ratio (%)0.000.0045.62-81.4187.17
Interest Coverage Ratio (X)36.87291.12148.4437.2220.18
Interest Coverage Ratio (Post Tax) (X)19.77111.8992.45-12.915.84
Enterprise Value (Cr.)892.27575.031040.37825.59494.96
EV / Net Operating Revenue (X)1.130.751.241.130.65
EV / EBITDA (X)11.048.6014.808.546.40
MarketCap / Net Operating Revenue (X)1.270.801.251.170.69
Retention Ratios (%)0.000.0020.07-111.1077.23
Price / BV (X)2.131.422.542.110.80
Price / Net Operating Revenue (X)1.270.801.251.170.69
EarningsYield0.040.030.040.250.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Heubach Colorants India Ltd as of October 16, 2024 is: ₹796.40

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 October 16, 2024, Heubach Colorants India Ltd is Undervalued by 44.80% compared to the current share price ₹550.00

Intrinsic Value of Heubach Colorants India Ltd as of October 16, 2024 is: ₹535.77

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 October 16, 2024, Heubach Colorants India Ltd is Overvalued by 2.59% compared to the current share price ₹550.00

Last 5 Year EPS CAGR: -32.73%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (595.33 cr) compared to borrowings (5.75 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (488.08 cr) and profit (84.85 cr) over the years.
  1. The stock has a low average ROCE of 10.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 61.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 56.92, 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 Heubach Colorants India Ltd:
    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: 8.67%)
      • 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: 7.38%)
      • 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: 41.9 (Industry average Stock P/E: 85.08)
      • 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.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsRupa Renaissance, B Wing, 25th Floor, New Mumbai Maharashtra 400705investor.relations_India@clariant.com
http://www.clariant.com
Management
NamePosition Held
Mr. Ravi KapoorChairman & Non-Exe.Director
Mr. Jugal SahuExecutive Director & CFO
Mr. Kewal HandaIndependent Director
Mr. Sunirmal TalukdarIndependent Director
Mrs. Diana DhoteIndependent Director

FAQ

What is the latest fair value of Heubach Colorants India Ltd?

The latest fair value of Heubach Colorants India Ltd is ₹796.40.

What is the Market Cap of Heubach Colorants India Ltd?

The Market Cap of Heubach Colorants India Ltd is 1,270 Cr..

What is the current Stock Price of Heubach Colorants India Ltd as on 16 October 2024?

The current stock price of Heubach Colorants India Ltd as on 16 October 2024 is ₹550.

What is the High / Low of Heubach Colorants India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Heubach Colorants India Ltd stocks is 734/354.

What is the Stock P/E of Heubach Colorants India Ltd?

The Stock P/E of Heubach Colorants India Ltd is 41.9.

What is the Book Value of Heubach Colorants India Ltd?

The Book Value of Heubach Colorants India Ltd is 205.

What is the Dividend Yield of Heubach Colorants India Ltd?

The Dividend Yield of Heubach Colorants India Ltd is 0.00 %.

What is the ROCE of Heubach Colorants India Ltd?

The ROCE of Heubach Colorants India Ltd is 12.5 %.

What is the ROE of Heubach Colorants India Ltd?

The ROE of Heubach Colorants India Ltd is 9.09 %.

What is the Face Value of Heubach Colorants India Ltd?

The Face Value of Heubach Colorants India 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 Heubach Colorants 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