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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Kanoria Chemicals & Industries Ltd

About the Company - Kanoria Chemicals & Industries Ltd

Kanoria Chemicals & Industries Ltd. is a Public Limited Listed company incorporated on 17/12/1960 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L24110WB1960PLC024910 and registration number is 024910. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 649.13 Cr. and Equity Capital is Rs. 21.85 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - Alcohol BasedKCI Plaza, 6th Floor, 23-C, Ashutosh Chowdhury Avenue, Kolkata West Bengal 700019info@kanoriachem.com
http://www.kanoriachem.com
Management
NamePosition Held
Mr. R V KanoriaChairman & Managing Director
Mr. S V KanoriaWhole Time Director
Mr. Sidharth Kumar BirlaInd. Non-Executive Director
Mrs. M KanoriaNon Exe.Non Ind.Director
Mr. H K KhaitanInd. Non-Executive Director
Mr. Amitav KothariInd. Non-Executive Director
Mr. A VellayanInd. Non-Executive Director
Mrs. Suhana MurshedInd. Non-Executive Director

Kanoria Chemicals & Industries Ltd. Share Price Update

Share PriceValue
Today₹124.95
Previous Day₹126.55

Basic Stock Data of Kanoria Chemicals & Industries Ltd

Market Cap 547 Cr.
Current Price 125
High / Low157/100
Stock P/E
Book Value 141
Dividend Yield0.00 %
ROCE1.27 %
ROE2.57 %
Face Value 5.00

Data Source: screener.in

Competitors of Kanoria Chemicals & Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Kanoria Chemicals & Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales247326388328339324378386362385445402371
Expenses231281350310322317352360356369422391365
Operating Profit16453818187262761723116
OPM %6%14%10%5%5%2%7%7%2%4%5%3%2%
Other Income12-08-08137-03-013-0
Interest96856787810111112
Depreciation15151414141414141415151615
Profit before tax-726167-4-71712-17-5-3-3-21
Tax %-3%1%-30%16%-153%-104%-17%30%1%14%70%-17%3%
Net Profit-726216-9-14209-17-4-1-4-21
EPS in Rs-1.685.334.561.13-1.29-2.484.201.89-3.26-0.29-0.35-0.60-4.20

Kanoria Chemicals & Industries Ltd Quarterly Chart

Kanoria Chemicals & Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2913715415315657028371,0721,0051,0951,3691,5781,603
Expenses2703565005065336758021,0089771,0011,3011,5061,547
Operating Profit21164125322735642894687256
OPM %7%4%8%5%6%4%4%6%3%9%5%5%4%
Other Income379234327157457228291015
Interest148179142024363732273643
Depreciation16192430344547495658575961
Profit before tax371124313-1-3210-15-431113-12-32
Tax %18%29%20%7%-414%25%-20%-30%26%-40%83%-5%
Net Profit30683412-7-2412-20-32162-13-29
EPS in Rs1.817.722.82-1.65-3.383.22-3.42-5.903.321.56-2.01-5.44
Dividend Payout %3%83%19%53%-91%-44%47%-22%-0%-0%64%-0%

Kanoria Chemicals & Industries Ltd Profit & Loss Yearly Chart

Kanoria Chemicals & Industries Ltd Growth

Compounded Sales Growth
10 Years:16%
5 Years:14%
3 Years:16%
TTM:11%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:12%
TTM:-1532%
Stock Price CAGR
10 Years:18%
5 Years:16%
3 Years:29%
1 Year:2%
Return on Equity
10 Years:0%
5 Years:-1%
3 Years:0%
Last Year:-3%

Kanoria Chemicals & Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital28222222222222222222222222
Reserves490447474472581558566577547565577584593
Borrowings125172161331430408440509539493475510481
Other Liabilities5880152157192222250293266282329366380
Total Liabilities7027208109821,2251,2091,2781,4011,3741,3621,4031,4811,476
Fixed Assets185293328344512743800850894864863882871
CWIP582141822692712421514101016
Investments35125521117413810063482619221715
Other Assets108170257282306340403461439465507573573
Total Assets7027208109821,2251,2091,2781,4011,3741,3621,4031,4811,476

Kanoria Chemicals & Industries Ltd Reserves and Borrowings Chart

Kanoria Chemicals & Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -16-1220131230272231828326
Cash from Investing Activity 3096512-156-1096-21-86-3-12-43-25
Cash from Financing Activity -301-58-3516982-39-1173-11-75-53-1
Net Cash Flow-8-5-327-15-2-5817-4-13-0

Kanoria Chemicals & Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days365858515759605052684645
Inventory Days4274101828687929697849791
Days Payable324877665377847485778075
Cash Conversion Cycle468482688969687164756361
Working Capital Days547576597353504650655252
ROCE %4%2%5%1%1%1%3%2%-1%4%4%1%

Kanoria Chemicals & Industries Ltd Financial Efficiency Indicators Chart

Kanoria Chemicals & Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.42%74.39%74.39%74.39%74.39%
FIIs0.04%0.04%0.04%0.12%0.16%0.17%0.14%0.12%0.11%0.11%0.11%0.04%
DIIs0.07%0.07%0.07%0.07%0.08%0.07%0.08%0.08%0.08%0.08%0.08%0.08%
Public25.46%25.46%25.46%25.38%25.34%25.33%25.36%25.37%25.41%25.41%25.41%25.48%
No. of Shareholders16,85315,12213,08412,94812,79212,75712,85412,45812,60013,56513,62117,292

Kanoria Chemicals & Industries Ltd Shareholding Pattern Chart

No. of Kanoria Chemicals & Industries Ltd Shareholders

This stock is not held by any mutual fund

Kanoria Chemicals & Industries Ltd ROCE Trend

Kanoria Chemicals & Industries Ltd EPS Trend

Kanoria Chemicals & Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)-2.011.563.32-5.90-3.42
Diluted EPS (Rs.)-2.011.563.32-5.90-3.42
Cash EPS (Rs.)10.5413.6016.945.616.86
Book Value[Excl.RevalReserv]/Share (Rs.)138.93137.75136.25132.85140.72
Book Value[Incl.RevalReserv]/Share (Rs.)138.93137.75136.25132.85140.72
Revenue From Operations / Share (Rs.)361.21313.31250.55229.92245.66
PBDIT / Share (Rs.)18.9222.2024.1611.4317.37
PBIT / Share (Rs.)5.449.1110.88-1.406.05
PBT / Share (Rs.)-2.793.012.61-9.80-3.43
Net Profit / Share (Rs.)-2.950.513.66-7.22-4.46
NP After MI And SOA / Share (Rs.)-2.011.563.32-5.90-3.42
PBDIT Margin (%)5.237.089.644.977.07
PBIT Margin (%)1.502.904.34-0.602.46
PBT Margin (%)-0.770.951.04-4.26-1.39
Net Profit Margin (%)-0.810.161.46-3.14-1.81
NP After MI And SOA Margin (%)-0.550.491.32-2.56-1.39
Return on Networth / Equity (%)-1.441.142.47-4.53-2.49
Return on Capital Employeed (%)2.444.004.81-0.632.67
Return On Assets (%)-0.590.481.06-1.87-1.06
Long Term Debt / Equity (X)0.520.570.580.590.52
Total Debt / Equity (X)0.830.780.780.860.75
Asset Turnover Ratio (%)1.090.570.340.310.42
Current Ratio (X)1.121.241.221.071.11
Quick Ratio (X)0.570.610.770.620.64
Inventory Turnover Ratio (X)4.304.342.282.173.73
Dividend Payout Ratio (NP) (%)-49.840.000.00-12.70-43.91
Dividend Payout Ratio (CP) (%)8.700.000.0010.8218.96
Earning Retention Ratio (%)149.840.000.00112.70143.91
Cash Earning Retention Ratio (%)91.300.000.0089.1881.04
Interest Coverage Ratio (X)2.303.643.271.362.11
Interest Coverage Ratio (Post Tax) (X)0.641.081.610.140.60
Enterprise Value (Cr.)951.811045.87835.26563.57697.89
EV / Net Operating Revenue (X)0.600.760.760.560.65
EV / EBITDA (X)11.5110.787.9111.289.19
MarketCap / Net Operating Revenue (X)0.290.430.360.100.25
Retention Ratios (%)149.840.000.00112.70143.91
Price / BV (X)0.760.990.670.180.45
Price / Net Operating Revenue (X)0.290.430.360.100.25
EarningsYield-0.010.010.03-0.24-0.05

Kanoria Chemicals & Industries Ltd Profitability Ratios (%)

Kanoria Chemicals & Industries Ltd Liquidity Ratios

Kanoria Chemicals & Industries Ltd Liquidity Ratios (%)

Kanoria Chemicals & Industries Ltd Interest Coverage Ratios (%)

Kanoria Chemicals & Industries Ltd Valuation Ratios

Fair Value of Kanoria Chemicals & Industries Ltd Stock

Fair Value: ₹55.44

The stock is overvalued by 55.65% compared to the current price ₹125

*Investments are subject to market risks

Strength and Weakness of Kanoria Chemicals & Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (540.85 cr) compared to borrowings (390.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (295.69 cr) and profit (26.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 6.02 and average Dividend Yield of 2.12%.
  2. The stock has a low average ROCE of 2.25%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 58.75, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 70.00, which may not be favorable.

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 Kanoria Chemicals & Industries 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