Vishnu Chemicals Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:37 am

Market Cap	2,546 Cr.
Current Price	388
High / Low	562/247
Stock P/E	25.0
Book Value	116
Dividend Yield	0.08 %
ROCE	20.0 %
ROE	18.1 %
Face Value	2.00
PEG Ratio	1.13

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Fischer Medical Ventures Ltd	4,083 Cr.	763	793/208	2,219	15.2	0.00 %	5.25 %	4.55 %	10.0
Emmessar Biotech & Nutrition Ltd	22.5 Cr.	45.0	64.0/24.8	25.9	15.6	0.00 %	11.4 %	10.6 %	10.0
Cochin Minerals & Rutile Ltd	234 Cr.	299	415/239	14.5	198	2.67 %	26.6 %	5.82 %	10.0
Archean Chemical Industries Ltd	8,089 Cr.	655	838/571	30.6	143	0.46 %	25.8 %	19.4 %	2.00
Alufluoride Ltd	397 Cr.	507	581/341	20.8	122	0.59 %	25.1 %	22.2 %	10.0
Industry Average	6,573.38 Cr	611.51		259.48	146.20	0.44%	15.23%	10.70%	7.82

All Competitor Stocks of

Quarterly Result

Month	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	214	197	240	298	334	359	371	325	336	301	308	304	300
Expenses	189	170	207	253	282	301	312	273	275	250	262	263	237
Operating Profit	25	27	33	44	51	58	59	52	61	51	46	41	64
OPM %	12%	14%	14%	15%	15%	16%	16%	16%	18%	17%	15%	13%	21%
Other Income	1	1	1	2	2	2	4	6	3	2	3	4	3
Interest	7	6	6	7	8	7	8	9	9	9	9	9	9
Depreciation	5	6	6	6	6	7	7	7	7	7	9	9	9
Profit before tax	14	16	23	34	39	47	48	42	49	37	31	27	49
Tax %	20%	29%	28%	27%	27%	27%	27%	25%	27%	23%	22%	23%	43%
Net Profit	11	12	17	25	29	34	35	32	36	29	24	21	28
EPS in Rs	1.82	1.94	2.79	4.12	4.79	5.71	5.88	5.32	5.97	4.79	3.66	3.17	4.23

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:15 pm

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	418	480	507	643	769	674	679	1,069	1,391	1,213	1,251
Expenses	339	396	441	562	667	591	600	911	1,160	1,010	1,045
Operating Profit	79	84	66	81	102	82	79	158	231	202	206
OPM %	19%	18%	13%	13%	13%	12%	12%	15%	17%	17%	16%
Other Income	1	2	7	8	3	7	3	6	15	12	13
Interest	34	37	44	49	47	39	27	28	35	37	37
Depreciation	12	13	16	19	21	20	20	23	26	34	36
Profit before tax	34	36	14	22	37	30	34	112	185	144	147
Tax %	36%	41%	52%	35%	35%	27%	-1%	28%	26%	30%
Net Profit	22	21	7	14	24	22	34	81	137	101	103
EPS in Rs	3.66	3.56	1.10	2.42	4.08	3.72	5.78	13.63	22.86	15.43	15.71
Dividend Payout %	11%	6%	0%	8%	5%	5%	3%	3%	2%	2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-4.55%	-66.67%	100.00%	71.43%	-8.33%	54.55%	138.24%	69.14%	-26.28%
Change in YoY Net Profit Growth (%)	0.00%	-62.12%	166.67%	-28.57%	-79.76%	62.88%	83.69%	-69.10%	-95.41%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	10%
3 Years:	21%
TTM:	1%

Compounded Profit Growth
10 Years:	%
5 Years:	33%
3 Years:	43%
TTM:	-15%

Stock Price CAGR
10 Years:	27%
5 Years:	78%
3 Years:	33%
1 Year:	13%

Return on Equity
10 Years:	%
5 Years:	25%
3 Years:	28%
Last Year:	18%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:34 pm

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	12	12	12	12	12	12	12	12	12	13	13
Reserves	79	106	85	99	130	148	184	265	402	688	747
Borrowings	225	263	322	381	348	328	336	365	379	315	342
Other Liabilities	177	239	275	289	266	247	242	274	258	310	358
Total Liabilities	492	620	694	782	757	736	773	916	1,052	1,326	1,460
Fixed Assets	186	202	290	349	350	338	387	463	465	635	616
CWIP	44	66	62	17	19	36	24	5	98	16	51
Investments	0	0	1	2	1	1	1	3	2	2	0
Other Assets	262	352	342	415	387	360	361	444	488	675	793
Total Assets	492	620	694	782	757	736	773	916	1,052	1,326	1,460

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	13	39	73	89	100	49	67	94	134	68
Cash from Investing Activity +	-9	-43	-98	-33	-23	-22	-52	-86	-118	-154
Cash from Financing Activity +	1	4	25	-56	-78	-24	-19	-9	-16	88
Net Cash Flow	5	-1	0	0	-1	4	-4	0	0	2

Free Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-146.00	-179.00	-256.00	-300.00	-246.00	-246.00	-257.00	-207.00	-148.00	-113.00

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

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	78	88	69	82	64	49	62	65	47	69
Inventory Days	230	314	269	212	201	252	243	143	142	263
Days Payable	117	225	201	207	147	167	174	146	120	187
Cash Conversion Cycle	191	176	137	87	117	134	131	63	69	145
Working Capital Days	128	103	58	83	72	78	92	64	62	102
ROCE %		21%	14%	16%	17%	14%	12%	24%	30%	20%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	68.36%	68.36%	68.36%	68.36%	68.36%
FIIs	0.30%	0.46%	0.58%	1.25%	1.10%	0.80%	0.46%	1.45%	0.33%	0.22%	0.48%	0.90%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.82%	7.09%	7.37%	6.74%	6.57%
Public	24.70%	24.54%	24.42%	23.75%	23.89%	24.19%	24.55%	23.36%	24.20%	24.06%	24.41%	24.17%
No. of Shareholders	7,237	9,240	10,787	14,356	19,571	22,781	24,873	29,108	30,089	29,277	26,595	27,370

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Bandhan Small Cap Fund	652,741	0.6	23.26	47,008	2024-12-19	1288.57%
ITI Small Cap Fund	546,761	0.85	17.7	47,008	2024-12-19	1063.12%
Bandhan Core Equity Fund	434,782	0.44	15.5	47,008	2024-12-19	824.91%
ITI Pharma and Healthcare Fund	63,910	1.37	2.07	47,008	2024-12-19	35.96%
ITI Value Fund	47,008	0.87	1.52	47,008	2024-12-19	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	10.00	10.00	10.00
Basic EPS (Rs.)	15.90	22.86	68.13	28.88	18.61
Diluted EPS (Rs.)	15.90	22.86	68.13	28.88	18.61
Cash EPS (Rs.)	20.55	27.29	87.37	45.87	35.51
Book Value[Excl.RevalReserv]/Share (Rs.)	107.00	69.37	231.77	164.19	133.93
Book Value[Incl.RevalReserv]/Share (Rs.)	107.00	69.37	231.77	164.19	133.93
Revenue From Operations / Share (Rs.)	185.05	232.88	894.86	568.12	566.49
PBDIT / Share (Rs.)	32.66	41.07	135.12	67.19	72.21
PBIT / Share (Rs.)	27.54	36.63	115.88	50.20	55.31
PBT / Share (Rs.)	21.94	31.05	94.03	28.46	25.37
Net Profit / Share (Rs.)	15.43	22.86	68.13	28.88	18.61
NP After MI And SOA / Share (Rs.)	15.43	22.86	68.13	28.88	18.61
PBDIT Margin (%)	17.64	17.63	15.09	11.82	12.74
PBIT Margin (%)	14.88	15.73	12.94	8.83	9.76
PBT Margin (%)	11.85	13.33	10.50	5.01	4.47
Net Profit Margin (%)	8.33	9.81	7.61	5.08	3.28
NP After MI And SOA Margin (%)	8.33	9.81	7.61	5.08	3.28
Return on Networth / Equity (%)	14.41	32.95	29.39	17.58	13.89
Return on Capital Employeed (%)	19.84	31.99	25.40	13.47	16.20
Return On Assets (%)	7.62	12.99	8.89	4.46	2.95
Long Term Debt / Equity (X)	0.11	0.34	0.46	0.50	0.60
Total Debt / Equity (X)	0.34	0.72	1.04	1.17	1.60
Asset Turnover Ratio (%)	1.02	1.40	1.18	0.78	0.79
Current Ratio (X)	1.58	1.28	1.13	1.06	1.05
Quick Ratio (X)	0.81	0.71	0.67	0.48	0.44
Inventory Turnover Ratio (X)	2.69	3.89	2.86	1.60	1.78
Dividend Payout Ratio (NP) (%)	2.59	1.74	1.46	3.46	5.37
Dividend Payout Ratio (CP) (%)	1.94	1.46	1.14	2.18	2.81
Earning Retention Ratio (%)	97.41	98.26	98.54	96.54	94.63
Cash Earning Retention Ratio (%)	98.06	98.54	98.86	97.82	97.19
Interest Coverage Ratio (X)	5.83	7.35	6.19	3.09	2.41
Interest Coverage Ratio (Post Tax) (X)	3.75	5.09	4.12	2.33	1.62
Enterprise Value (Cr.)	2341.14	1974.14	2250.42	636.06	395.19
EV / Net Operating Revenue (X)	1.93	1.42	2.11	0.93	0.58
EV / EBITDA (X)	10.94	8.05	13.94	7.92	4.58
MarketCap / Net Operating Revenue (X)	1.72	1.16	1.78	0.50	0.11
Retention Ratios (%)	97.40	98.25	98.53	96.53	94.62
Price / BV (X)	2.98	3.90	6.87	1.74	0.48
Price / Net Operating Revenue (X)	1.72	1.16	1.78	0.50	0.11
EarningsYield	0.04	0.08	0.04	0.10	0.28

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 525.32

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 December 22, 2024, is Undervalued by 35.39% compared to the current share price 388.00

Intrinsic Value of as of December 22, 2024 is: 641.61

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 December 22, 2024, is Undervalued by 65.36% compared to the current share price 388.00

Last 5 Year EPS CAGR: 22.14%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.80%, which is a positive sign. The company has shown consistent growth in sales (379.45 cr) and profit (72.27 cr) over the years.	The stock has a high average Working Capital Days of 84.20, which may not be favorable. The stock has a high average Cash Conversion Cycle of 125.00, which may not be favorable. The company has higher borrowings (327.64) compared to reserves (266.64), which may suggest financial risk.

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 :
1. Net Profit Margin: 8.33%
  - 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: 19.84% (Industry Average ROCE: 15.23%)
  - 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%: 14.41% (Industry Average ROE: 10.7%)
  - 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): 3.75
  - 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: 0.81
  - 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: 25 (Industry average Stock P/E: 259.48)
  - 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: 0.34
  - 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

Vishnu Chemicals Ltd. is a Public Limited Listed company incorporated on 15/01/1993 and has its registered office in the State of Telangana, India. Company’s Corporate Identification Number(CIN) is L85200TG1993PLC046359 and registration number is 046359. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 906.69 Cr. and Equity Capital is Rs. 11.95 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Chemicals - Inorganic - Others	Plot No. C-23, Road No. 8, Film Nagar, Jubilee Hills, Hyderabad Telangana 500096	vishnu@vishnuchemicals.com http://www.vishnuchemicals.com

Management
Name	Position Held
Mr. Cherukuri Krishna Murthy	Chairman & Managing Director
Mr. Siddartha Cherukuri	Joint Managing Director
Mrs. Cherukuri Manjula	Non Executive Director
Mr. Tirthankar Mitra	Independent Director
Mr. Chetan Navinchandra Shah	Independent Director
Mr. Veeramachaneni Vimalanand	Independent Director
Dr. Sita Vanka	Independent Director
Mr. Naga Bhushan Bhagwat	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹525.32, which is 35.39% higher than the current market price of ₹388.00. The stock has a market capitalization of 2,546 Cr. and recorded a high/low of 562/247 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹747 Cr and total liabilities of ₹1,460 Cr.

What is the Market Cap of ?

The Market Cap of is 2,546 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 388.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 562/247.

What is the Stock P/E of ?

The Stock P/E of is 25.0.

What is the Book Value of ?

The Book Value of is 116.

What is the Dividend Yield of ?

The Dividend Yield of is 0.08 %.

What is the ROCE of ?

The ROCE of is 20.0 %.

What is the ROE of ?

The ROE of is 18.1 %.

What is the Face Value of ?

The Face Value of is 2.00.