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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Vadivarhe Speciality Chemicals Ltd

About the Company - Vadivarhe Speciality Chemicals Ltd

Vadivarhe Speciality Chemicals Ltd. is a Public Limited Listed company incorporated on 23/02/2009 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24100MH2009PLC190516 and registration number is 190516. Currently Company is involved in the business activities of Manufacture of other pharmaceutical and botanical products like hina powder etc.. Company’s Total Operating Revenue is Rs. 21.45 Cr. and Equity Capital is Rs. 12.78 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersGat No. 204, Nashik-Mumbai Highway, Nasik Maharashtra 422403sales@vscl.in
https://www.vscl.in
Management
NamePosition Held
Mr. Sunil Haripant PophaleDirector
Mr. Prasanna Prabhakar RegeIndependent Director
Mr. Ravindra Keshav ParanjpeIndependent Director
Mrs. Uttara Adwait KherIndependent Director
Mrs. Meena Sunil PophaleWhole Time Director
Mr. Anil Ganpat SuryavanshiAdditional Whole Time Director

Vadivarhe Speciality Chemicals Ltd. Share Price Update

Share PriceValue
Today₹39.00
Previous Day₹39.00

Basic Stock Data of Vadivarhe Speciality Chemicals Ltd

Market Cap 48.4 Cr.
Current Price 37.9
High / Low55.0/27.6
Stock P/E
Book Value 2.09
Dividend Yield0.00 %
ROCE7.61 %
ROE13.5 %
Face Value 10.0

Data Source: screener.in

Competitors of Vadivarhe Speciality Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Chembond Chemicals Ltd 702 Cr. 522640/23014.7 2550.59 %10.9 %7.89 % 5.00
Apar Industries Ltd 25,129 Cr. 6,2566,542/2,10030.2 6130.63 %51.1 %32.3 % 10.0
Aarti Surfactants Ltd 518 Cr. 684854/41724.3 2090.00 %10.6 %8.36 % 10.0
Panama Petrochem Ltd 2,168 Cr. 358371/26811.7 1682.23 %34.9 %27.1 % 2.00
Omkar Speciality Chemicals Ltd 17.4 Cr. 8.4512.4/6.80 83.00.00 %10.5 %% 10.0
Industry Average5,706.88 Cr1,565.6916.18265.600.69%23.60%15.13%7.40

Vadivarhe Speciality Chemicals Ltd Quarterly Results

MonthMar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales12.0213.8512.629.8211.6321.3622.3214.10
Expenses16.7314.3212.7812.3915.9819.8020.5815.01
Operating Profit-4.71-0.47-0.16-2.57-4.351.561.74-0.91
OPM %-39.18%-3.39%-1.27%-26.17%-37.40%7.30%7.80%-6.45%
Other Income0.270.900.180.330.340.280.820.19
Interest0.670.590.640.870.700.780.690.71
Depreciation0.820.900.910.910.880.890.890.87
Profit before tax-5.93-1.06-1.53-4.02-5.590.170.98-2.30
Tax %32.38%-0.00%-11.11%-0.00%-0.00%-0.00%-0.00%-63.04%
Net Profit-4.01-1.06-1.70-4.01-5.590.170.98-3.75
EPS in Rs-3.14-0.83-1.33-3.14-4.370.130.77-2.93

Vadivarhe Speciality Chemicals Ltd Quarterly Chart

Vadivarhe Speciality Chemicals Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales10.9513.1613.8719.0326.2835.0325.5632.3628.5826.4721.4543.6836.42
Expenses11.9115.4111.1811.5218.8924.6421.8029.9737.8227.0128.2440.2235.59
Operating Profit-0.96-2.252.697.517.3910.393.762.39-9.24-0.54-6.793.460.83
OPM %-8.77%-17.10%19.39%39.46%28.12%29.66%14.71%7.39%-32.33%-2.04%-31.66%7.92%2.28%
Other Income-0.090.050.110.110.141.050.450.400.371.080.661.091.01
Interest0.221.101.020.891.210.850.771.111.371.321.691.611.40
Depreciation1.051.691.651.091.361.141.271.631.751.811.791.791.76
Profit before tax-2.32-4.990.135.644.969.452.170.05-11.99-2.59-9.611.15-1.32
Tax %-0.00%32.06%46.15%29.61%13.51%36.51%18.43%-20.00%17.93%-6.56%-0.00%-0.00%
Net Profit-2.33-3.390.073.984.296.011.770.06-9.84-2.76-9.611.15-2.77
EPS in Rs-120.41-70.071.4582.2788.674.971.380.05-7.70-2.16-7.520.90-2.16
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%

Vadivarhe Speciality Chemicals Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-45.49%102.06%5585.71%7.79%40.09%-70.55%-96.61%-16500.00%71.95%-248.19%111.97%
Change in YoY Net Profit Growth (%)0.00%147.56%5483.65%-5577.93%32.30%-110.64%-26.06%-16403.39%16571.95%-320.14%360.16%

Vadivarhe Speciality Chemicals Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:11%
3 Years:15%
TTM:10%
Compounded Profit Growth
10 Years:8%
5 Years:-14%
3 Years:28%
TTM:42%
Stock Price CAGR
10 Years:%
5 Years:3%
3 Years:36%
1 Year:11%
Return on Equity
10 Years:-4%
5 Years:-27%
3 Years:-39%
Last Year:14%

Vadivarhe Speciality Chemicals Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1.944.844.844.844.8412.0912.7812.7812.7812.7812.7812.7812.78
Reserves10.915.665.739.6812.6211.3814.6414.704.872.11-7.50-6.36-10.11
Borrowings12.5016.7714.3511.2410.6512.749.6620.9819.6723.4524.4226.9425.03
Other Liabilities2.474.267.753.675.099.527.139.2814.008.8411.9713.088.48
Total Liabilities27.8231.5332.6729.4333.2045.7344.2157.7451.3247.1841.6746.4436.18
Fixed Assets17.8817.7915.9315.0213.9617.1219.6826.0925.2025.9824.3223.3622.25
CWIP0.60-0.00-0.00-0.00-0.000.091.581.882.810.331.090.991.25
Investments0.050.050.050.050.050.050.050.050.050.050.050.050.05
Other Assets9.2913.6916.6914.3619.1928.4722.9029.7223.2620.8216.2122.0412.63
Total Assets27.8231.5332.6729.4333.2045.7344.2157.7451.3247.1841.6746.4436.18

Vadivarhe Speciality Chemicals Ltd Reserves and Borrowings Chart

Vadivarhe Speciality Chemicals Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.00-2.836.415.273.182.097.15-1.224.10-0.281.24-0.35
Cash from Investing Activity 0.00-1.030.00-0.18-0.64-4.33-5.32-8.27-1.680.02-0.82-0.69
Cash from Financing Activity 0.003.87-6.19-4.01-3.431.88-1.129.25-2.340.58-0.601.05
Net Cash Flow0.000.020.221.07-0.89-0.370.70-0.230.080.32-0.180.00

Vadivarhe Speciality Chemicals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days80.3371.56135.0070.97117.50159.63122.95143.25104.34125.6234.3748.22
Inventory Days140.77188.83223.98221.86116.6861.66170.63221.62122.3277.40168.42120.82
Days Payable94.08146.00128.5850.10108.01115.85120.38174.61205.42152.95218.56145.63
Cash Conversion Cycle127.02114.38230.40242.73126.18105.44173.20190.2621.2450.07-15.7623.40
Working Capital Days168.0085.7076.84102.2386.67140.56143.80155.6661.3076.2537.9556.07
ROCE %-9.33%-14.79%4.41%25.77%22.61%29.66%7.86%2.88%-25.06%-5.34%-24.02%7.61%

Vadivarhe Speciality Chemicals Ltd Financial Efficiency Indicators Chart

Vadivarhe Speciality Chemicals Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.62%74.62%74.62%74.64%74.64%74.64%74.64%74.64%74.64%74.64%74.64%74.64%
Public25.38%25.39%25.38%25.38%25.36%25.38%25.36%25.36%25.36%25.36%25.36%25.36%
No. of Shareholders346334334334329338346340339350356360

Vadivarhe Speciality Chemicals Ltd Shareholding Pattern Chart

No. of Vadivarhe Speciality Chemicals Ltd Shareholders

This stock is not held by any mutual fund

Vadivarhe Speciality Chemicals Ltd ROCE Trend

Vadivarhe Speciality Chemicals Ltd EPS Trend

Vadivarhe Speciality Chemicals Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)1.00-8.00-2.16-7.700.05
Diluted EPS (Rs.)1.00-8.00-2.16-7.700.05
Cash EPS (Rs.)2.30-6.12-0.74-6.331.32
Book Value[Excl.RevalReserv]/Share (Rs.)5.034.1311.6513.8121.50
Book Value[Incl.RevalReserv]/Share (Rs.)5.034.1311.6513.8121.50
Revenue From Operations / Share (Rs.)34.1716.7820.7122.3625.31
PBDIT / Share (Rs.)3.16-5.09-0.23-7.131.95
PBIT / Share (Rs.)1.76-6.49-1.65-8.500.68
PBT / Share (Rs.)0.89-7.52-2.03-9.370.04
Net Profit / Share (Rs.)0.89-7.52-2.16-7.700.04
PBDIT Margin (%)9.23-30.30-1.13-31.907.71
PBIT Margin (%)5.14-38.65-7.95-38.012.68
PBT Margin (%)2.62-44.79-9.78-41.920.16
Net Profit Margin (%)2.62-44.79-10.42-34.420.19
Return on Networth / Equity (%)17.84-181.94-18.54-55.740.22
Return on Capital Employeed (%)9.72-37.93-7.01-38.042.02
Return On Assets (%)2.47-23.05-5.85-19.170.10
Long Term Debt / Equity (X)2.533.010.970.580.46
Total Debt / Equity (X)4.193.751.290.980.67
Asset Turnover Ratio (%)0.990.480.530.520.63
Current Ratio (X)0.860.721.110.921.58
Quick Ratio (X)0.490.380.910.621.13
Inventory Turnover Ratio (X)3.353.692.543.022.95
Interest Coverage Ratio (X)2.74-4.14-0.24-7.233.06
Interest Coverage Ratio (Post Tax) (X)1.53-5.27-1.84-6.921.08
Enterprise Value (Cr.)61.3550.9734.3825.0365.23
EV / Net Operating Revenue (X)1.402.381.300.872.02
EV / EBITDA (X)15.20-7.84-114.95-2.7426.12
MarketCap / Net Operating Revenue (X)0.801.490.600.281.46
Price / BV (X)5.486.051.080.461.72
Price / Net Operating Revenue (X)0.801.490.600.281.46
EarningsYield0.03-0.30-0.17-1.190.00

Vadivarhe Speciality Chemicals Ltd Profitability Ratios (%)

Vadivarhe Speciality Chemicals Ltd Liquidity Ratios

Vadivarhe Speciality Chemicals Ltd Liquidity Ratios (%)

Vadivarhe Speciality Chemicals Ltd Interest Coverage Ratios (X)

Vadivarhe Speciality Chemicals Ltd Valuation Ratios

Fair Value / Intrinsic Value of Vadivarhe Speciality Chemicals Ltd

Fair Value: ₹4.32

The stock is overvalued by 88.61% compared to the current price ₹37.9

*Investments are subject to market risks

Strength and Weakness of Vadivarhe Speciality Chemicals Ltd

StrengthWeakness
    1. The stock is trading at a high valuation with an average P/B ratio of -2.84 and average Dividend Yield of -18.74%.
    2. The stock has a low average ROCE of 1.86%, which may not be favorable.
    3. The stock has a high average Working Capital Days of 99.25, which may not be favorable.
    4. The stock has a high average Cash Conversion Cycle of 115.71, which may not be favorable.
    5. The company has higher borrowings (17.57) compared to reserves (5.26), which may suggest financial risk.
    6. The company has not shown consistent growth in sales (25.60) and profit (-0.71).

    Should I Buy Vadivarhe Speciality Chemicals Ltd Share Now?

    • Considering various financial indicators, investors might exercise caution regarding investment in Vadivarhe Speciality Chemicals Ltd:
      1. Net Profit Margin: 2.62%
        • 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: 9.72% (Industry Average ROCE: 16.52%)
        • 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): 1.53
        • 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: 0.49
        • 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 of N/A (Industry average Stock P/E: 39.94)
        • 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: 4.19
        • 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 Vadivarhe Speciality Chemicals 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