Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Parker Agrochem Exports Ltd

About the Company - Parker Agrochem Exports Ltd

Parker Agrochem Exports Ltd. is a Public Limited Listed company incorporated on 30/08/1993 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24110GJ1993PLC020102 and registration number is 020102. Currently Company is involved in the business activities of Storage and warehousing[includes general merchandise warehouses and warehousing of furniture, automobiles, gas and oil, chemicals, textiles etc. also included is storage of goods in foreign trade zones]. Company’s Total Operating Revenue is Rs. 8.31 Cr. and Equity Capital is Rs. 4.78 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Trading & DistributorsBlock H, Kutch Gujarat 370210parkeragro_abd@yahoo.in
http://www.parkeragrochem.com
Management
NamePosition Held
Mr. Jagdish R AcharyaManaging Director
Mr. Shantaben J AcharyaDirector
Mr. Natvarlal J AcharyaDirector
Mr. Jitendrakumar P ThakkarDirector
Mr. Nikeshkumar B PatelDirector
Mr. Kamleshkumar C SoniDirector

Parker Agrochem Exports Ltd. Share Price Update

Share PriceValue
Today₹20.21
Previous Day₹20.61

Basic Stock Data of Parker Agrochem Exports Ltd

Market Cap 9.66 Cr.
Current Price 20.2
High / Low29.1/6.81
Stock P/E3.85
Book Value 9.06
Dividend Yield0.00 %
ROCE22.7 %
ROE24.1 %
Face Value 10.0

Data Source: screener.in

Competitors of Parker Agrochem Exports Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
AA Plus Tradelink Ltd 6.49 Cr. 7.9520.4/4.1018.0 16.20.00 %2.06 %1.64 % 10.0
Aarnav Fashions Ltd 132 Cr. 31.241.3/25.2 41.40.00 %3.98 %0.25 % 10.0
TIL Ltd 507 Cr. 506528/103 3110.00 %35.1 %% 10.0
MSTC Ltd 6,579 Cr. 9341,165/23928.3 1271.60 %37.9 %33.6 % 10.0
Sicagen India Ltd 255 Cr. 64.579.5/29.019.6 1160.94 %4.29 %2.72 % 10.0
Industry Average181.3 Cr308.7313.18122.320.51%16.67%7.64%10

Parker Agrochem Exports Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.680.560.550.290.830.666.530.941.040.961.381.012.15
Expenses0.560.760.860.740.950.756.470.900.721.460.500.870.93
Operating Profit0.12-0.20-0.31-0.45-0.12-0.090.060.040.32-0.500.880.141.22
OPM %17.65%-35.71%-56.36%-155.17%-14.46%-13.64%0.92%4.26%30.77%-52.08%63.77%13.86%56.74%
Other Income0.030.030.050.020.020.100.030.010.010.010.020.010.01
Interest0.000.000.000.000.020.030.000.000.000.000.030.010.01
Depreciation0.110.110.110.110.110.100.090.110.110.11-0.240.030.03
Profit before tax0.04-0.28-0.37-0.54-0.23-0.120.00-0.060.22-0.601.110.111.19
Tax %0.00%0.00%-243.24%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit0.04-0.28-1.27-0.54-0.24-0.120.00-0.060.21-0.611.110.111.20
EPS in Rs0.08-0.59-2.66-1.13-0.50-0.250.00-0.130.44-1.282.320.232.51

Parker Agrochem Exports Ltd Quarterly Chart

Parker Agrochem Exports Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8.75137.46190.07255.5287.8410.207.683.379.812.218.314.315.50
Expenses10.31143.06199.03265.0796.669.787.273.6410.163.178.913.573.76
Operating Profit-1.56-5.60-8.96-9.55-8.820.420.41-0.27-0.35-0.96-0.600.741.74
OPM %-17.83%-4.07%-4.71%-3.74%-10.04%4.12%5.34%-8.01%-3.57%-43.44%-7.22%17.17%31.64%
Other Income1.646.279.7710.519.510.180.070.180.150.130.170.050.05
Interest0.000.000.020.010.050.030.000.100.100.000.050.030.05
Depreciation0.340.340.370.490.440.460.480.480.460.460.420.10-0.07
Profit before tax-0.260.330.420.460.200.110.00-0.67-0.76-1.29-0.900.661.81
Tax %0.00%30.30%28.57%8.70%25.00%27.27%8.96%9.21%-69.77%0.00%0.00%
Net Profit-0.270.230.310.430.160.070.05-0.60-0.69-2.19-0.900.651.81
EPS in Rs-0.560.480.650.900.330.150.10-1.26-1.44-4.58-1.881.363.78
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Parker Agrochem Exports Ltd Profit & Loss Yearly Chart

Ace Men Engg Works Ltd Growth

Compounded Sales Growth
10 Years:-29%
5 Years:-11%
3 Years:-24%
TTM:-35%
Compounded Profit Growth
10 Years:11%
5 Years:67%
3 Years:42%
TTM:646%
Stock Price CAGR
10 Years:13%
5 Years:9%
3 Years:61%
1 Year:88%
Return on Equity
10 Years:-5%
5 Years:-18%
3 Years:-26%
Last Year:24%

Parker Agrochem Exports Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4.784.784.784.784.784.784.784.784.784.784.784.784.78
Reserves0.730.951.261.681.851.921.971.360.68-1.51-2.41-1.76-0.45
Borrowings0.110.230.170.110.050.050.050.000.020.440.120.580.49
Other Liabilities0.811.071.051.121.130.770.690.930.901.012.011.260.58
Total Liabilities6.437.037.267.697.817.527.497.076.384.724.504.865.40
Fixed Assets5.135.184.843.973.583.513.533.102.642.191.771.661.61
CWIP0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.010.010.731.902.642.401.711.110.010.010.010.010.01
Other Assets1.291.841.691.821.591.612.252.863.732.522.723.193.78
Total Assets6.437.037.267.697.817.527.497.076.384.724.504.865.40

Parker Agrochem Exports Ltd Reserves and Borrowings Chart

Parker Agrochem Exports Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.740.390.720.880.220.200.160.48-1.10-0.280.34-0.70
Cash from Investing Activity -0.50-0.40-1.13-0.89-0.24-0.12-0.14-0.521.190.030.090.00
Cash from Financing Activity 0.000.22-0.06-0.07-0.060.000.00-0.05-0.060.42-0.340.43
Net Cash Flow0.240.21-0.47-0.07-0.090.080.01-0.080.040.170.09-0.27

Parker Agrochem Exports Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days4.170.690.250.562.6218.9733.7435.7429.0271.0227.23104.16
Inventory Days0.000.000.000.000.000.000.000.00
Days Payable
Cash Conversion Cycle4.170.690.250.562.6218.9733.7435.7429.0271.0227.23104.16
Working Capital Days1.670.270.250.371.8718.2530.8964.9923.44-67.71-48.3241.50
ROCE %-4.54%5.70%7.23%7.67%4.53%1.94%0.00%-10.05%-12.74%-28.29%-30.00%22.66%

Parker Agrochem Exports Ltd Financial Efficiency Indicators Chart

Parker Agrochem Exports Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters54.23%54.23%54.23%54.23%54.23%54.23%54.23%54.23%54.23%54.23%54.23%54.23%
Public45.77%45.77%45.77%45.77%45.77%45.77%45.77%45.77%45.77%45.77%45.78%45.77%
No. of Shareholders4,1104,1204,1294,1314,1444,2224,2224,2514,2614,2614,2624,309

Parker Agrochem Exports Ltd Shareholding Pattern Chart

No. of Parker Agrochem Exports Ltd Shareholders

This stock is not held by any mutual fund

Parker Agrochem Exports Ltd ROCE Trend

Parker Agrochem Exports Ltd EPS Trend

Parker Agrochem Exports Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)1.37-1.89-4.58-1.44-1.26
Diluted EPS (Rs.)1.37-1.89-4.58-1.44-1.26
Cash EPS (Rs.)1.58-1.01-3.62-0.48-0.26
Book Value[Excl.RevalReserv]/Share (Rs.)6.314.956.8411.4112.85
Book Value[Incl.RevalReserv]/Share (Rs.)6.314.956.8411.4112.85
Revenue From Operations / Share (Rs.)9.0217.394.6120.577.15
PBDIT / Share (Rs.)1.65-0.89-1.73-0.53-0.17
PBIT / Share (Rs.)1.43-1.77-2.69-1.49-1.18
PBT / Share (Rs.)1.37-1.89-2.69-1.58-1.39
Net Profit / Share (Rs.)1.37-1.89-4.58-1.44-1.26
PBDIT Margin (%)18.27-5.15-37.55-2.60-2.49
PBIT Margin (%)15.88-10.20-58.25-7.25-16.45
PBT Margin (%)15.14-10.85-58.41-7.66-19.49
Net Profit Margin (%)15.14-10.85-99.20-6.99-17.65
Return on Networth / Equity (%)21.63-38.17-66.95-12.60-9.82
Return on Capital Employeed (%)21.86-33.51-37.62-12.24-8.57
Return On Assets (%)13.42-20.03-46.27-10.80-8.54
Total Debt / Equity (X)0.190.050.130.000.00
Asset Turnover Ratio (%)0.921.800.391.460.46
Current Ratio (X)1.030.580.593.870.98
Quick Ratio (X)1.030.580.593.870.98
Interest Coverage Ratio (X)24.63-7.91-229.41-6.36-0.82
Interest Coverage Ratio (Post Tax) (X)21.40-15.69-604.97-16.05-4.81
Enterprise Value (Cr.)4.284.153.845.606.10
EV / Net Operating Revenue (X)0.990.491.740.561.78
EV / EBITDA (X)5.43-9.70-4.63-21.85-71.40
MarketCap / Net Operating Revenue (X)0.890.531.680.581.82
Price / BV (X)1.271.881.141.051.01
Price / Net Operating Revenue (X)0.890.531.680.581.82
EarningsYield0.16-0.20-0.58-0.11-0.09

Parker Agrochem Exports Ltd Profitability Ratios (%)

Parker Agrochem Exports Ltd Liquidity Ratios

Parker Agrochem Exports Ltd Liquidity Ratios (%)

Parker Agrochem Exports Ltd Interest Coverage Ratios (%)

Parker Agrochem Exports Ltd Valuation Ratios

Fair Value / Intrinsic Value of Parker Agrochem Exports Ltd

Fair Value: ₹8.57

The stock is overvalued by 57.55% compared to the current price ₹20.2

*Investments are subject to market risks

Strength and Weakness of Parker Agrochem Exports Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 5.62, which is a positive sign.
  2. The company has higher reserves (0.48 cr) compared to borrowings (0.19 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (56.23 cr) and profit (0.01 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of -1.14 and average Dividend Yield of -16.25%.
  2. The stock has a low average ROCE of -2.99%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 27.35, which may not be favorable.

Should I Buy Ace Men Engg Works Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in Parker Agrochem Exports Ltd:
    1. Net Profit Margin: 15.14% (Higher values are generally favorable)
      • 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: 21.86% (Industry Average ROCE: 8.1%)
      • 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. Interest Coverage Ratio (Post Tax): 21.40 (Higher values, preferably > 2, are recommended)
      • 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.
    4. Quick Ratio: 1.03 (Higher values, preferably > 1, are recommended)
      • 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.
    5. ✓ Stock P/E: 4.09 (Industry average Stock P/E: 24.66)
      • 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.
    6. ✓ Total Debt / Equity: 0.19 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

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 Parker Agrochem Exports 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