Stock P/E, Current Price, and Intrinsic Value Over Time
Competitors of Hikal Ltd
Stock Name
Market Cap
Current Price
High / Low
Stock P/E
Book Value
Dividend Yield
ROCE
ROE
Face Value
Industry Average
0 Cr
0
0
0
0%
0%
0%
0
Quarterly Result
Month
Dec 2020
Mar 2021
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Sales
463
532
457
469
515
502
379
559
540
545
388
435
448
Expenses
372
423
361
378
422
441
356
489
466
457
338
377
383
Operating Profit
91
109
96
91
93
61
23
70
75
88
50
58
65
OPM %
20%
21%
21%
19%
18%
12%
6%
12%
14%
16%
13%
13%
14%
Other Income
1
3
3
1
1
0
3
1
3
0
1
1
0
Interest
8
10
8
8
7
8
11
11
13
13
14
13
14
Depreciation
22
22
23
24
25
24
26
27
28
27
28
29
29
Profit before tax
62
81
68
60
62
29
-12
33
36
49
10
17
22
Tax %
35%
37%
26%
26%
27%
28%
25%
24%
26%
26%
29%
25%
25%
Net Profit
40
51
51
44
45
21
-9
25
26
36
7
13
16
EPS in Rs
3.27
4.13
4.10
3.57
3.67
1.68
-0.72
2.01
2.14
2.92
0.56
1.02
1.31
Last Updated: August 9, 2024, 6:44 pm
Quarterly Chart
Profit & Loss - Annual Report
Last Updated: August 9, 2024, 6:44 pm
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
TTM
Sales
708
660
829
872
926
1,014
1,296
1,590
1,507
1,720
1,943
2,023
1,908
Expenses
525
476
642
689
745
813
1,054
1,291
1,234
1,398
1,602
1,765
1,638
Operating Profit
183
184
187
182
181
201
242
298
273
323
341
258
270
OPM %
26%
28%
23%
21%
20%
20%
19%
19%
18%
19%
18%
13%
14%
Other Income
-20
-42
34
2
2
-3
4
2
-12
5
5
5
5
Interest
66
60
68
60
62
48
49
58
52
36
31
48
53
Depreciation
45
49
55
64
67
69
86
93
82
85
96
109
111
Profit before tax
51
33
98
60
53
80
112
149
127
206
219
105
111
Tax %
10%
24%
35%
32%
23%
16%
31%
31%
33%
36%
27%
26%
Net Profit
46
25
64
40
41
68
77
103
84
133
160
78
82
EPS in Rs
3.73
2.04
5.17
3.28
3.34
5.49
6.26
8.36
6.85
10.80
13.02
6.36
6.64
Dividend Payout %
21%
16%
12%
20%
20%
15%
13%
14%
18%
19%
12%
19%
Profit & Loss Yearly Chart
YoY Net Profit Growth
Year
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
YoY Net Profit Growth (%)
-45.65%
156.00%
-37.50%
2.50%
65.85%
13.24%
33.77%
-18.45%
58.33%
20.30%
-51.25%
Change in YoY Net Profit Growth (%)
0.00%
201.65%
-193.50%
40.00%
63.35%
-52.62%
20.53%
-52.21%
76.78%
-38.03%
-71.55%
Growth
Compounded Sales Growth
10 Years:
8%
5 Years:
2%
3 Years:
1%
TTM:
-11%
Compounded Profit Growth
10 Years:
1%
5 Years:
-8%
3 Years:
-19%
TTM:
-28%
Stock Price CAGR
10 Years:
15%
5 Years:
18%
3 Years:
-15%
1 Year:
14%
Return on Equity
10 Years:
11%
5 Years:
11%
3 Years:
9%
Last Year:
6%
Last Updated: August 2, 2024, 5:49 pm
Balance Sheet
Last Updated: August 9, 2024, 6:44 pm
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Equity Capital
16
16
16
16
16
16
25
25
25
25
25
25
Reserves
434
488
516
547
589
653
732
792
909
1,043
1,109
1,163
Borrowings
584
546
547
505
598
635
661
646
610
675
748
818
Other Liabilities
157
219
212
206
177
237
268
306
370
470
504
482
Total Liabilities
1,191
1,270
1,292
1,275
1,379
1,542
1,686
1,768
1,913
2,213
2,385
2,487
Fixed Assets
660
644
639
623
668
634
713
735
713
879
948
1,071
CWIP
49
61
62
66
63
118
79
161
254
295
412
414
Investments
3
3
3
3
4
3
1
1
1
11
5
5
Other Assets
479
562
588
583
645
788
893
871
946
1,028
1,020
997
Total Assets
1,191
1,270
1,292
1,275
1,379
1,542
1,686
1,768
1,913
2,213
2,385
2,487
Reserves and Borrowings Chart
Cash Flow
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Cash from Operating Activity
61
154
102
186
163
139
186
285
229
294
315
187
Cash from Investing Activity
-28
-23
-43
-64
-102
-110
-125
-164
-156
-284
-292
-174
Cash from Financing Activity
-27
-124
-69
-124
-63
-25
-55
-101
-97
-6
-8
-27
Net Cash Flow
6
7
-10
-2
-2
4
6
20
-24
4
15
-14
Free Cash Flow
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Free Cash Flow
183.00
-400.00
-359.00
-365.00
-324.00
-397.00
-393.00
-363.00
-373.00
-287.00
-334.00
-490.00
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.
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: 5.08% compared to the current price ₹347.00
Intrinsic Value: 362.36
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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.
Undervalued: 4.43% compared to the current price ₹347.00
Last 5 Year EPS CAGR: -0.62%
*Investments are subject to market risks
Strength and Weakness
Strength
Weakness
The company has higher reserves (747.92 cr) compared to borrowings (631.08 cr), indicating strong financial stability.
The company has shown consistent growth in sales (308.00 cr) and profit (108.00 cr) over the years.
The stock has a low average ROCE of 12.75%, which may not be favorable.
The stock has a high average Working Capital Days of 101.08, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 159.92, 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 Hikal Ltd:
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.
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.
ROE%: 5.86% (Industry Average ROE: 0%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
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.
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.
Stock P/E: 63.2 (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.
Total Debt / Equity: 0.68
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
Hikal Ltd. is a Public Limited Listed company incorporated on 08/07/1988 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24200MH1988PTC048028 and registration number is 048028. Currently Company is involved in the business activities of Manufacture of insecticides, rodenticides, fungicides, herbicides. Company’s Total Operating Revenue is Rs. 1942.72 Cr. and Equity Capital is Rs. 24.66 Cr. for the Year ended 31/03/2022.
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 Hikal 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
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