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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Sharda Cropchem Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 1:54 am

Market Cap 7,044 Cr.
Current Price 781
High / Low832/318
Stock P/E32.4
Book Value 254
Dividend Yield0.38 %
ROCE4.27 %
ROE1.42 %
Face Value 10.0
PEG Ratio-3.85

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

View Share Price Target for Sharda Cropchem Ltd

Competitors of Sharda Cropchem Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Epigral Ltd 8,673 Cr. 2,0102,408/88629.6 3370.25 %17.5 %16.9 % 10.0
Dharmaj Crop Guard Ltd 957 Cr. 283390/19723.7 1170.00 %14.5 %13.2 % 10.0
Bhaskar Agrochemicals Ltd 34.1 Cr. 65.5122/42.117.3 29.20.00 %14.7 %13.4 % 10.0
Bhagiradha Chemicals & Industries Ltd 4,094 Cr. 328448/117152 51.00.03 %9.69 %6.27 % 1.00
Best Agrolife Ltd 1,430 Cr. 606918/45438.8 3200.49 %16.5 %18.1 % 10.0
Industry Average12,393.00 Cr1,809.9147.11375.950.30%13.80%15.51%7.35

All Competitor Stocks of Sharda Cropchem Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales1,0886236438801,4348257221,0171,4826385816321,312
Expenses8855085536911,1447726568101,1646975605631,057
Operating Profit203115901882905365207318-592169255
OPM %19%18%14%21%20%6%9%20%21%-9%4%11%19%
Other Income1761373201037262412-2
Interest1100110121510
Depreciation52546159725560656870746954
Profit before tax16766421362201815143255-105-3412198
Tax %20%43%23%25%20%-28%17%24%22%15%18%62%28%
Net Profit13438321021772312108199-89-285143
EPS in Rs14.844.223.5511.3319.622.511.3412.0122.04-9.82-3.060.5115.90

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales7787901,0611,2221,3991,7071,9982,0032,3963,5804,0453,1633,310
Expenses6396308789411,0751,3431,6211,6531,9452,8843,3862,8602,888
Operating Profit138160183281324364376350450696659303423
OPM %18%20%17%23%23%21%19%17%19%19%16%10%13%
Other Income16322523149-22-124629406053
Interest08989152016161520246
Depreciation37292335567099137170245248267262
Profit before tax11815517526127228723518530946443172207
Tax %28%29%30%33%30%34%25%11%26%25%21%56%
Net Profit8411112317519019117616522934934232148
EPS in Rs9.3512.3113.6319.4121.1121.1419.5518.2525.4038.7137.903.5316.37
Dividend Payout %0%16%18%21%19%19%20%22%20%16%16%85%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)32.14%10.81%42.28%8.57%0.53%-7.85%-6.25%38.79%52.40%-2.01%-90.64%
Change in YoY Net Profit Growth (%)0.00%-21.33%31.47%-33.70%-8.05%-8.38%1.60%45.04%13.61%-54.41%-88.64%

Sharda Cropchem Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:15%
5 Years:10%
3 Years:10%
TTM:-6%
Compounded Profit Growth
10 Years:-11%
5 Years:-31%
3 Years:-48%
TTM:14%
Stock Price CAGR
10 Years:10%
5 Years:25%
3 Years:35%
1 Year:85%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:12%
Last Year:1%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:41 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital90909090909090909090909090
Reserves3774665647158701,0451,1941,3131,5241,8222,1422,1472,204
Borrowings4640382017000814731812
Other Liabilities2843193545226869149149401,1631,7792,1081,7731,526
Total Liabilities7969141,0471,3291,6462,2192,1982,3432,8583,7384,3434,0283,832
Fixed Assets646488130210226372416544592668708983
CWIP881331492102323602201611312122042830
Investments97174959061222121168313432159336
Other Assets5475427158991,1431,6111,3941,6502,0992,8003,4392,8782,513
Total Assets7969141,0471,3291,6462,2192,1982,3432,8583,7384,3434,0283,832

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1564619718117556146246267328341
Cash from Investing Activity +-145-19-113-104-160-351-59-282-205-112-393
Cash from Financing Activity +-22-24-89-38132-215-6043-91-97-37
Net Cash Flow-113-640-11-11278-29120-89

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow92.00120.00145.00279.00324.00194.00376.00350.00369.00649.00656.00285.00

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days178185156185175191148180177157165173
Inventory Days6257727411716996100117130145155
Days Payable130146117179186202167180180172176144
Cash Conversion Cycle111971118110615877100114115134184
Working Capital Days10185959699130711011059298129
ROCE %26%28%27%36%32%27%23%18%21%26%21%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%
FIIs1.00%1.69%2.16%2.37%2.41%2.14%2.00%2.01%2.06%2.14%2.02%2.52%
DIIs12.74%12.84%12.76%12.93%12.61%12.93%12.75%12.29%12.42%12.41%12.87%12.77%
Public11.44%10.64%10.26%9.88%10.15%10.09%10.44%10.87%10.70%10.63%10.29%9.91%
No. of Shareholders35,80347,89861,04958,19261,10654,22252,12656,48356,85861,07554,43648,353

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan5,406,6100.91244.8115,3322024-11-1335163.57%
DSP Small Cap Fund3,587,7911.2162.4615,3322024-11-1323300.67%
HDFC Hybrid Equity Fund - Regular Plan1,977,8700.489.5615,3322024-11-1312800.27%
L&T Flexicap Fund - Regular Plan356,3120.4613.3415,3322024-11-132223.98%
DSP Equity Savings Fund118,8480.685.3815,3322024-11-13675.16%
DSP Regular Savings Fund24,6390.631.1215,3322024-11-1360.7%
Nippon India Nifty Smallcap 250 Index Fund15,3320.070.6915,3322024-11-130%
Motilal Oswal Nifty Smallcap 250 Index Fund9,5820.070.4315,3322024-11-13-37.5%
SBI Nifty Smallcap 250 Index Fund7,5200.070.3415,3322024-11-13-50.95%
ICICI Prudential Nifty Smallcap 250 Index Fund3,5790.070.1615,3322024-11-13-76.66%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.5337.9038.7125.4018.25
Diluted EPS (Rs.)3.5337.9038.7125.4018.25
Cash EPS (Rs.)33.1565.4165.9144.3033.45
Book Value[Excl.RevalReserv]/Share (Rs.)248.00247.44212.01178.96155.51
Book Value[Incl.RevalReserv]/Share (Rs.)248.00247.44212.01178.96155.51
Revenue From Operations / Share (Rs.)350.59448.36396.78265.53222.01
PBDIT / Share (Rs.)37.9875.7478.8953.5035.90
PBIT / Share (Rs.)8.3748.2451.7034.6120.70
PBT / Share (Rs.)7.9747.7451.4634.3020.49
Net Profit / Share (Rs.)3.5437.9138.7125.4118.25
NP After MI And SOA / Share (Rs.)3.5337.9038.7125.4018.25
PBDIT Margin (%)10.8316.8919.8820.1416.17
PBIT Margin (%)2.3810.7513.0313.039.32
PBT Margin (%)2.2710.6412.9612.919.22
Net Profit Margin (%)1.008.459.759.568.22
NP After MI And SOA Margin (%)1.008.459.759.568.22
Return on Networth / Equity (%)1.4215.3218.2614.1911.73
Return on Capital Employeed (%)3.0718.2822.7318.1012.53
Return On Assets (%)0.787.859.338.007.01
Total Debt / Equity (X)0.000.000.010.040.00
Asset Turnover Ratio (%)0.750.850.930.800.73
Current Ratio (X)1.861.651.691.841.96
Quick Ratio (X)1.231.081.161.381.52
Inventory Turnover Ratio (X)1.401.591.962.192.16
Dividend Payout Ratio (NP) (%)85.7516.2115.497.8732.87
Dividend Payout Ratio (CP) (%)9.149.399.104.5117.93
Earning Retention Ratio (%)14.2583.7984.5192.1367.13
Cash Earning Retention Ratio (%)90.8690.6190.9095.4982.07
Interest Coverage Ratio (X)94.68151.52321.65174.12168.95
Interest Coverage Ratio (Post Tax) (X)9.8276.83158.8483.6986.90
Enterprise Value (Cr.)2811.464234.145420.452398.75816.79
EV / Net Operating Revenue (X)0.881.051.511.000.40
EV / EBITDA (X)8.216.207.624.972.52
MarketCap / Net Operating Revenue (X)0.911.091.551.080.48
Retention Ratios (%)14.2483.7884.5092.1267.12
Price / BV (X)1.291.982.901.610.69
Price / Net Operating Revenue (X)0.911.091.551.080.48
EarningsYield0.010.070.060.080.16

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Sharda Cropchem Ltd as of November 14, 2024 is: 117.30

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 November 14, 2024, Sharda Cropchem Ltd is Overvalued by 84.98% compared to the current share price 781.00

Intrinsic Value of Sharda Cropchem Ltd as of November 14, 2024 is: 107.43

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 November 14, 2024, Sharda Cropchem Ltd is Overvalued by 86.24% compared to the current share price 781.00

Last 5 Year EPS CAGR: -8.41%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 24.08%, which is a positive sign.
  2. The company has higher reserves (1,260.23 cr) compared to borrowings (35.15 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (122.31 cr) and profit (243.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 100.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 115.67, 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 Sharda Cropchem Ltd:
    1. Net Profit Margin: 1%
      • 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: 3.07% (Industry Average ROCE: 13.8%)
      • 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%: 1.42% (Industry Average ROE: 15.51%)
      • 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): 9.82
      • 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: 1.23
      • 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: 32.4 (Industry average Stock P/E: 34.82)
      • 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

Sharda Cropchem Ltd. is a Public Limited Listed company incorporated on 12/03/2004 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51909MH2004PLC145007 and registration number is 145007. Currently Company is involved in the business activities of Wholesale of fertilizers and agrochemical products. Company’s Total Operating Revenue is Rs. 2946.44 Cr. and Equity Capital is Rs. 90.22 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agro Chemicals/PesticidesPrime Business Park, Dashrathlal Joshi Road, Mumbai Maharashtra 400056co.sec@shardaintl.com
http://www.shardacropchem.com
Management
NamePosition Held
Mr. Ramprakash V BubnaChairman & Managing Director
Mrs. Sharda R BubnaWhole Time Director
Mr. Ashish R BubnaWhole Time Director
Mr. Manish R BubnaWhole Time Director
Mr. M S Sundara RajanIndependent Director
Mr. Shitin DesaiIndependent Director
Mr. Shobhan ThakoreIndependent Director
Ms. Sonal DesaiIndependent Director
Mr. H S Upendra KamathAddnl. & Ind.Director
Mr. Vinod KathuriaAddnl. & Ind.Director
Mr. Shalin DivatiaAddnl. & Ind.Director

FAQ

What is the latest intrinsic value of Sharda Cropchem Ltd?

The latest intrinsic value of Sharda Cropchem Ltd as on 14 November 2024 is ₹117.30, which is 84.98% lower than the current market price of ₹781.00.

What is the Market Cap of Sharda Cropchem Ltd?

The Market Cap of Sharda Cropchem Ltd is 7,044 Cr..

What is the current Stock Price of Sharda Cropchem Ltd as on 14 November 2024?

The current stock price of Sharda Cropchem Ltd as on 14 November 2024 is ₹781.

What is the High / Low of Sharda Cropchem Ltd stocks in FY 2024?

In FY 2024, the High / Low of Sharda Cropchem Ltd stocks is 832/318.

What is the Stock P/E of Sharda Cropchem Ltd?

The Stock P/E of Sharda Cropchem Ltd is 32.4.

What is the Book Value of Sharda Cropchem Ltd?

The Book Value of Sharda Cropchem Ltd is 254.

What is the Dividend Yield of Sharda Cropchem Ltd?

The Dividend Yield of Sharda Cropchem Ltd is 0.38 %.

What is the ROCE of Sharda Cropchem Ltd?

The ROCE of Sharda Cropchem Ltd is 4.27 %.

What is the ROE of Sharda Cropchem Ltd?

The ROE of Sharda Cropchem Ltd is 1.42 %.

What is the Face Value of Sharda Cropchem Ltd?

The Face Value of Sharda Cropchem 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 Sharda Cropchem 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