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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Sharda Cropchem Ltd

About the Company - Sharda Cropchem Ltd

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

Sharda Cropchem Ltd. Share Price Update

Share PriceValue
Today₹377.25
Previous Day₹375.05

Basic Stock Data of Sharda Cropchem Ltd

Market Cap 3,232 Cr.
Current Price 358
High / Low580/358
Stock P/E37.0
Book Value 232
Dividend Yield1.68 %
ROCE20.8 %
ROE15.9 %
Face Value 10.0

Data Source: screener.in

Competitors of Sharda Cropchem Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Adarsh Plant Protect Ltd 30.3 Cr. 30.633.5/15.694.7 1.080.00 %5.44 %15.6 % 10.0
PI Industries Ltd (PIIND) 55,752 Cr. 3,6754,011/2,86935.0 5260.27 %21.7 %18.5 % 1.00
Punjab Chemicals & Crop Protection Ltd 1,316 Cr. 1,0731,392/72224.2 2580.28 %30.9 %24.2 % 10.0
3B Blackbio DX Ltd 683 Cr. 910924/38624.6 2780.27 %19.1 %16.0 % 10.0
Sumitomo Chemical India Ltd 19,077 Cr. 382467/37057.3 50.60.31 %30.2 %23.4 % 10.0
Industry Average15,371.66 Cr1,214.1247.16222.740.23%21.47%19.54%8.20

Sharda Cropchem Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales4254941,0886236438801,4348257221,0171,482638581
Expenses3613858855085536911,1447726568101,164697560
Operating Profit64109203115901882905365207318-5921
OPM %15%22%19%18%14%21%20%6%9%20%21%-9%4%
Other Income91017613732010372624
Interest1011001101215
Depreciation42405254615972556065687074
Profit before tax307816766421362201815143255-105-34
Tax %37%38%20%43%23%25%20%-28%17%24%22%15%18%
Net Profit194813438321021772312108199-89-28
EPS in Rs2.115.3514.844.223.5511.3319.622.511.3412.0122.04-9.82-3.06

Sharda Cropchem Ltd Quarterly Chart

Sharda Cropchem Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6147787901,0611,2221,3991,7071,9982,0032,3963,5804,0453,718
Expenses4926396308789411,0751,3431,6211,6531,9452,8843,3863,231
Operating Profit121138160183281324364376350450696659487
OPM %20%18%20%17%23%23%21%19%17%19%19%16%13%
Other Income816322523149-22-1246294059
Interest0089891520161615209
Depreciation4337292335567099137170245248277
Profit before tax86118155175261272287235185309464431260
Tax %21%28%29%30%33%30%34%25%11%26%25%21%
Net Profit6884111123175190191176165229349342191
EPS in Rs7.629.3512.3113.6319.4121.1121.1419.5518.2525.4038.7137.9021.17
Dividend Payout %0%0%16%18%21%19%19%20%22%20%16%16%

Sharda Cropchem Ltd Profit & Loss Yearly Chart

Sharda Cropchem Ltd Growth

Compounded Sales Growth
10 Years:18%
5 Years:19%
3 Years:26%
TTM:-17%
Compounded Profit Growth
10 Years:15%
5 Years:11%
3 Years:18%
TTM:-73%
Stock Price CAGR
10 Years:%
5 Years:0%
3 Years:3%
1 Year:-23%
Return on Equity
10 Years:18%
5 Years:17%
3 Years:17%
Last Year:16%

Sharda Cropchem Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital90909090909090909090909090
Reserves3033774665647158701,0451,1941,3131,5241,8222,1421,998
Borrowings346403820170008147320
Other Liabilities2372843193545226869149149401,1631,7792,1081,228
Total Liabilities6347969141,0471,3291,6462,2192,1982,3432,8583,7384,3433,337
Fixed Assets58646488130210226372416544592668942
CWIP63881331492102323602201611312122040
Investments369717495906122212116831343228
Other Assets4765475427158991,1431,6111,3941,6502,0992,8003,4392,367
Total Assets6347969141,0471,3291,6462,2192,1982,3432,8583,7384,3433,337

Sharda Cropchem Ltd Reserves and Borrowings Chart

Sharda Cropchem Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1564619718117556146246267328
Cash from Investing Activity -145-19-113-104-160-351-59-282-205-112
Cash from Financing Activity -22-24-89-38132-215-6043-91-97
Net Cash Flow-113-640-11-11278-29120

Sharda Cropchem Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days194178185156185175191148180177157165
Inventory Days896257727411716996100117130145
Days Payable152130146117179186202167180180172176
Cash Conversion Cycle131111971118110615877100114115134
Working Capital Days12110185959699130711011059297
ROCE %24%26%28%27%36%32%27%23%18%21%26%21%

Sharda Cropchem Ltd Financial Efficiency Indicators Chart

Sharda Cropchem Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%74.82%
FIIs3.15%1.19%0.89%1.00%1.69%2.16%2.37%2.41%2.14%2.00%2.01%2.06%
DIIs16.66%16.52%13.55%12.74%12.84%12.76%12.93%12.61%12.93%12.75%12.29%12.42%
Public5.37%7.47%10.74%11.44%10.64%10.26%9.88%10.15%10.09%10.44%10.87%10.70%
No. of Shareholders25,87832,26337,73235,80347,89861,04958,19261,10654,22252,12656,48356,858

Sharda Cropchem Ltd Shareholding Pattern Chart

No. of Sharda Cropchem Ltd Shareholders

Sharda Cropchem Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan54066100.91244.81
DSP Small Cap Fund35877911.2162.46
HDFC Hybrid Equity Fund - Regular Plan19778700.489.56
L&T Flexicap Fund - Regular Plan3563120.4613.34
DSP Equity Savings Fund1188480.685.38
DSP Regular Savings Fund246390.631.12
Nippon India Nifty Smallcap 250 Index Fund153320.070.69
Motilal Oswal Nifty Smallcap 250 Index Fund95820.070.43
SBI Nifty Smallcap 250 Index Fund75200.070.34
ICICI Prudential Nifty Smallcap 250 Index Fund35790.070.16

Sharda Cropchem Ltd ROCE Trend

Sharda Cropchem Ltd EPS Trend

Sharda Cropchem Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)37.9038.7125.4018.2519.55
Diluted EPS (Rs.)37.9038.7125.4018.2519.55
Cash EPS (Rs.)65.4165.9144.3033.4530.56
Book Value[Excl.RevalReserv]/Share (Rs.)247.44212.01178.96155.51142.33
Book Value[Incl.RevalReserv]/Share (Rs.)247.44212.01178.96155.51142.33
Revenue From Operations / Share (Rs.)448.36396.78265.53222.01221.81
PBDIT / Share (Rs.)75.7478.8953.5035.9038.00
PBIT / Share (Rs.)48.2451.7034.6120.7026.98
PBT / Share (Rs.)47.7451.4634.3020.4926.05
Net Profit / Share (Rs.)37.9138.7125.4118.2519.55
NP After MI And SOA / Share (Rs.)37.9038.7125.4018.2519.55
PBDIT Margin (%)16.8919.8820.1416.1717.13
PBIT Margin (%)10.7513.0313.039.3212.16
PBT Margin (%)10.6412.9612.919.2211.74
Net Profit Margin (%)8.459.759.568.228.81
NP After MI And SOA Margin (%)8.459.759.568.228.81
Return on Networth / Equity (%)15.3218.2614.1911.7313.73
Return on Capital Employeed (%)18.2822.7318.1012.5317.63
Return On Assets (%)7.859.338.007.018.00
Total Debt / Equity (X)0.000.010.040.000.00
Asset Turnover Ratio (%)0.850.930.800.730.75
Current Ratio (X)1.651.691.841.961.88
Quick Ratio (X)1.081.161.381.521.44
Inventory Turnover Ratio (X)1.591.962.192.161.65
Dividend Payout Ratio (NP) (%)16.2115.497.8732.8720.46
Dividend Payout Ratio (CP) (%)9.399.104.5117.9313.08
Earning Retention Ratio (%)83.7984.5192.1367.1379.54
Cash Earning Retention Ratio (%)90.6190.9095.4982.0786.92
Interest Coverage Ratio (X)151.52321.65174.12168.9540.85
Interest Coverage Ratio (Post Tax) (X)76.83158.8483.6986.9022.01
Enterprise Value (Cr.)4234.145420.452398.75816.793236.04
EV / Net Operating Revenue (X)1.051.511.000.401.62
EV / EBITDA (X)6.207.624.972.529.44
MarketCap / Net Operating Revenue (X)1.091.551.080.481.68
Retention Ratios (%)83.7884.5092.1267.1279.53
Price / BV (X)1.982.901.610.692.62
Price / Net Operating Revenue (X)1.091.551.080.481.68
EarningsYield0.070.060.080.160.05

Sharda Cropchem Ltd Profitability Ratios (%)

Sharda Cropchem Ltd Liquidity Ratios

Sharda Cropchem Ltd Liquidity Ratios (%)

Sharda Cropchem Ltd Interest Coverage Ratios (X)

Sharda Cropchem Ltd Valuation Ratios

Fair Value / Intrinsic Value of Sharda Cropchem Ltd

Fair Value: ₹1387.79

The stock is undervalued by 287.65% compared to the current price ₹358

*Investments are subject to market risks

Strength and Weakness of Sharda Cropchem Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 25.75%, which is a positive sign.
  2. The company has higher reserves (1,102.54 cr) compared to borrowings (34.62 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (169.31 cr) and profit (249.08 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 36.45 and average Dividend Yield of 11.66%.
  2. The stock has a high average Working Capital Days of 99.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 111.25, which may not be favorable.

Should I Buy Sharda Cropchem Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Sharda Cropchem Ltd:
    1. Net Profit Margin: 8.45%
      • 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: 18.28% (Industry Average ROCE: 18.15%)
      • 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): 76.83
      • 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: 1.08
      • 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: 39.0 (Industry average Stock P/E: 18.2)
      • 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: 0.00
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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