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Last Updated on: 25 June, 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

Basic Stock Data of Kanoria Chemicals & Industries Ltd

Last Updated: June 25, 2024, 10:35 pm

Market Cap 563 Cr.
Current Price 129
High / Low157/100
Stock P/E
Book Value 138
Dividend Yield0.00 %
ROCE0.85 %
ROE6.24 %
Face Value 5.00
PEG Ratio0.00

Competitors of Kanoria Chemicals & Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aeonx Digital Technology Ltd 72.0 Cr. 156216/85.037.9 1040.64 %6.61 %4.17 % 10.0
Industry Average72.00 Cr156.0037.90104.000.64%6.61%4.17%10.00

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

Last Updated: June 14, 2024, 6:44 pm

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
Sales2913715415315657028371,0721,0051,0951,3691,5781,560
Expenses2703565005065336758021,0089771,0011,3011,5061,517
Operating Profit21164125322735642894687243
OPM %7%4%8%5%6%4%4%6%3%9%5%5%3%
Other Income379234327157457228291021
Interest148179142024363732273642
Depreciation16192430344547495658575962
Profit before tax371124313-1-3210-15-431113-12-41
Tax %18%29%20%7%-414%25%-20%-30%26%-40%83%-5%
Net Profit30683412-7-2412-20-32162-13-40
EPS in Rs1.817.722.82-1.65-3.383.22-3.42-5.903.321.56-2.01-7.01
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:11%
5 Years:7%
3 Years:10%
TTM:-6%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-143%
Stock Price CAGR
10 Years:11%
5 Years:17%
3 Years:-5%
1 Year:15%
Return on Equity
10 Years:-1%
5 Years:-2%
3 Years:-3%
Last Year:-6%

Last Updated: June 25, 2024, 5:05 pm

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

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days585851575960505268464546
Inventory Days74101828687929697849791104
Days Payable487766537784748577807582
Cash Conversion Cycle848268896968716475636168
Working Capital Days757659735350465065525262
ROCE %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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.43%74.43%74.43%74.43%74.43%74.42%74.39%74.39%74.39%74.39%74.39%74.39%
FIIs0.04%0.12%0.16%0.17%0.14%0.12%0.11%0.11%0.11%0.04%0.07%0.14%
DIIs0.07%0.07%0.08%0.07%0.08%0.08%0.08%0.08%0.08%0.08%0.10%0.08%
Public25.46%25.38%25.34%25.33%25.36%25.37%25.41%25.41%25.41%25.48%25.43%25.39%
No. of Shareholders13,08412,94812,79212,75712,85412,45812,60013,56513,62117,29218,17717,571

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)-8.79-2.011.563.32-5.90
Diluted EPS (Rs.)-8.79-2.011.563.32-5.90
Cash EPS (Rs.)1.6510.5413.6016.945.61
Book Value[Excl.RevalReserv]/Share (Rs.)141.33138.93137.75136.25132.85
Book Value[Incl.RevalReserv]/Share (Rs.)141.33138.93137.75136.25132.85
Revenue From Operations / Share (Rs.)337.92361.21313.31250.55229.92
PBDIT / Share (Rs.)16.4718.9222.2024.1611.43
PBIT / Share (Rs.)2.175.449.1110.88-1.40
PBT / Share (Rs.)-8.23-2.793.012.61-9.80
Net Profit / Share (Rs.)-12.65-2.950.513.66-7.22
NP After MI And SOA / Share (Rs.)-8.79-2.011.563.32-5.90
PBDIT Margin (%)4.875.237.089.644.97
PBIT Margin (%)0.641.502.904.34-0.60
PBT Margin (%)-2.43-0.770.951.04-4.26
Net Profit Margin (%)-3.74-0.810.161.46-3.14
NP After MI And SOA Margin (%)-2.60-0.550.491.32-2.56
Return on Networth / Equity (%)-6.38-1.441.142.47-4.53
Return on Capital Employeed (%)0.962.444.004.81-0.63
Return On Assets (%)-2.57-0.590.481.06-1.87
Long Term Debt / Equity (X)0.490.520.570.580.59
Total Debt / Equity (X)0.840.830.780.780.86
Asset Turnover Ratio (%)0.991.090.570.340.31
Current Ratio (X)1.111.121.241.221.07
Quick Ratio (X)0.540.570.610.770.62
Inventory Turnover Ratio (X)3.514.304.342.282.17
Dividend Payout Ratio (NP) (%)0.00-49.840.000.00-12.70
Dividend Payout Ratio (CP) (%)0.008.700.000.0010.82
Earning Retention Ratio (%)0.00149.840.000.00112.70
Cash Earning Retention Ratio (%)0.0091.300.000.0089.18
Interest Coverage Ratio (X)1.672.303.643.271.36
Interest Coverage Ratio (Post Tax) (X)-0.220.641.081.610.14
Enterprise Value (Cr.)972.40951.811045.87835.26563.57
EV / Net Operating Revenue (X)0.650.600.760.760.56
EV / EBITDA (X)13.5111.5110.787.9111.28
MarketCap / Net Operating Revenue (X)0.310.290.430.360.10
Retention Ratios (%)0.00149.840.000.00112.70
Price / BV (X)0.760.760.990.670.18
Price / Net Operating Revenue (X)0.310.290.430.360.10
EarningsYield-0.08-0.010.010.03-0.24

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

Fair Value: 131.75

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.

Undervalued: 2.13% compared to the current price 129

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 113.47

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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 12.04% compared to the current price ₹129

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -13.87%

*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 (25.31 cr) over the years.
  1. The stock has a low average ROCE of 1.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 59.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 71.83, which may not be favorable.

FAQ

What is the latest fair value of Kanoria Chemicals & Industries Ltd?

The latest fair value of Kanoria Chemicals & Industries Ltd is ₹131.75.

What is the Market Cap of Kanoria Chemicals & Industries Ltd?

The Market Cap of Kanoria Chemicals & Industries Ltd is 563 Cr..

What is the current Stock Price of Kanoria Chemicals & Industries Ltd as on 25 June 2024?

The current stock price of Kanoria Chemicals & Industries Ltd as on 25 June 2024 is ₹129.

What is the High / Low of Kanoria Chemicals & Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kanoria Chemicals & Industries Ltd stocks is 157/100.

What is the Stock P/E of Kanoria Chemicals & Industries Ltd?

The Stock P/E of Kanoria Chemicals & Industries Ltd is .

What is the Book Value of Kanoria Chemicals & Industries Ltd?

The Book Value of Kanoria Chemicals & Industries Ltd is 138.

What is the Dividend Yield of Kanoria Chemicals & Industries Ltd?

The Dividend Yield of Kanoria Chemicals & Industries Ltd is 0.00 %.

What is the ROCE of Kanoria Chemicals & Industries Ltd?

The ROCE of Kanoria Chemicals & Industries Ltd is 0.85 %.

What is the ROE of Kanoria Chemicals & Industries Ltd?

The ROE of Kanoria Chemicals & Industries Ltd is 6.24 %.

What is the Face Value of Kanoria Chemicals & Industries Ltd?

The Face Value of Kanoria Chemicals & Industries Ltd is 5.00.

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 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