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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 516072 | NSE: VISHNU

Vishnu Chemicals Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 7:27 pm

Market Cap 2,861 Cr.
Current Price 437
High / Low562/247
Stock P/E28.1
Book Value 116
Dividend Yield0.07 %
ROCE20.0 %
ROE18.1 %
Face Value 2.00
PEG Ratio1.27

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

View Share Price Target for Vishnu Chemicals Ltd

Competitors of Vishnu Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Fischer Medical Ventures Ltd 3,347 Cr. 626793/89.81,819 15.00.00 %5.30 %4.60 % 10.0
Emmessar Biotech & Nutrition Ltd 23.5 Cr. 47.164.0/23.327.0 15.60.00 %11.4 %10.6 % 10.0
Cochin Minerals & Rutile Ltd 290 Cr. 370415/23917.9 1982.16 %26.6 %5.82 % 10.0
Archean Chemical Industries Ltd 8,391 Cr. 680838/51631.7 1430.44 %25.8 %19.4 % 2.00
Alufluoride Ltd 389 Cr. 497587/34120.4 1220.60 %25.1 %22.2 % 10.0
Industry Average6,603.38 Cr600.34222.44146.180.40%15.23%10.71%7.82

All Competitor Stocks of Vishnu Chemicals Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales214197240298334359371325336301308304300
Expenses189170207253282301312273275250262263237
Operating Profit25273344515859526151464164
OPM %12%14%14%15%15%16%16%16%18%17%15%13%21%
Other Income1112224632343
Interest7667878999999
Depreciation5666677777999
Profit before tax14162334394748424937312749
Tax %20%29%28%27%27%27%27%25%27%23%22%23%43%
Net Profit11121725293435323629242128
EPS in Rs1.821.942.794.124.795.715.885.325.974.793.663.174.23

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

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

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales4184805076437696746791,0691,3911,2131,251
Expenses3393964415626675916009111,1601,0101,045
Operating Profit798466811028279158231202206
OPM %19%18%13%13%13%12%12%15%17%17%16%
Other Income12783736151213
Interest3437444947392728353737
Depreciation1213161921202023263436
Profit before tax34361422373034112185144147
Tax %36%41%52%35%35%27%-1%28%26%30%
Net Profit222171424223481137101103
EPS in Rs3.663.561.102.424.083.725.7813.6322.8615.4315.71
Dividend Payout %11%6%0%8%5%5%3%3%2%2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
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%

Vishnu Chemicals Ltd 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:29%
5 Years:78%
3 Years:37%
1 Year:39%
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

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital1212121212121212121313
Reserves791068599130148184265402688747
Borrowings225263322381348328336365379315342
Other Liabilities177239275289266247242274258310358
Total Liabilities4926206947827577367739161,0521,3261,460
Fixed Assets186202290349350338387463465635616
CWIP446662171936245981651
Investments00121113220
Other Assets262352342415387360361444488675793
Total Assets4926206947827577367739161,0521,3261,460

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1339738910049679413468
Cash from Investing Activity +-9-43-98-33-23-22-52-86-118-154
Cash from Financing Activity +1425-56-78-24-19-9-1688
Net Cash Flow5-100-14-4002

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 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

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days78886982644962654769
Inventory Days230314269212201252243143142263
Days Payable117225201207147167174146120187
Cash Conversion Cycle191176137871171341316369145
Working Capital Days12810358837278926462102
ROCE %21%14%16%17%14%12%24%30%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%68.36%68.36%68.36%68.36%68.36%
FIIs0.30%0.46%0.58%1.25%1.10%0.80%0.46%1.45%0.33%0.22%0.48%0.90%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%6.82%7.09%7.37%6.74%6.57%
Public24.70%24.54%24.42%23.75%23.89%24.19%24.55%23.36%24.20%24.06%24.41%24.17%
No. of Shareholders7,2379,24010,78714,35619,57122,78124,87329,10830,08929,27726,59527,370

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Small Cap Fund652,7410.623.2663,9102024-11-16921.34%
ITI Small Cap Fund546,7610.8517.763,9102024-11-16755.52%
Bandhan Core Equity Fund434,7820.4415.563,9102024-11-16580.3%
ITI Pharma and Healthcare Fund63,9101.372.0763,9102024-11-160%
ITI Value Fund47,0080.871.5263,9102024-11-16-26.45%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.0010.0010.0010.00
Basic EPS (Rs.)15.9022.8668.1328.8818.61
Diluted EPS (Rs.)15.9022.8668.1328.8818.61
Cash EPS (Rs.)20.5527.2987.3745.8735.51
Book Value[Excl.RevalReserv]/Share (Rs.)107.0069.37231.77164.19133.93
Book Value[Incl.RevalReserv]/Share (Rs.)107.0069.37231.77164.19133.93
Revenue From Operations / Share (Rs.)185.05232.88894.86568.12566.49
PBDIT / Share (Rs.)32.6641.07135.1267.1972.21
PBIT / Share (Rs.)27.5436.63115.8850.2055.31
PBT / Share (Rs.)21.9431.0594.0328.4625.37
Net Profit / Share (Rs.)15.4322.8668.1328.8818.61
NP After MI And SOA / Share (Rs.)15.4322.8668.1328.8818.61
PBDIT Margin (%)17.6417.6315.0911.8212.74
PBIT Margin (%)14.8815.7312.948.839.76
PBT Margin (%)11.8513.3310.505.014.47
Net Profit Margin (%)8.339.817.615.083.28
NP After MI And SOA Margin (%)8.339.817.615.083.28
Return on Networth / Equity (%)14.4132.9529.3917.5813.89
Return on Capital Employeed (%)19.8431.9925.4013.4716.20
Return On Assets (%)7.6212.998.894.462.95
Long Term Debt / Equity (X)0.220.340.460.500.60
Total Debt / Equity (X)0.440.721.041.171.60
Asset Turnover Ratio (%)1.021.401.180.780.79
Current Ratio (X)1.581.281.131.061.05
Quick Ratio (X)0.810.710.670.480.44
Inventory Turnover Ratio (X)1.983.892.861.601.78
Dividend Payout Ratio (NP) (%)0.001.741.463.465.37
Dividend Payout Ratio (CP) (%)0.001.461.142.182.81
Earning Retention Ratio (%)0.0098.2698.5496.5494.63
Cash Earning Retention Ratio (%)0.0098.5498.8697.8297.19
Interest Coverage Ratio (X)5.837.356.193.092.41
Interest Coverage Ratio (Post Tax) (X)3.755.094.122.331.62
Enterprise Value (Cr.)2341.141974.142250.42636.06395.19
EV / Net Operating Revenue (X)1.931.422.110.930.58
EV / EBITDA (X)10.948.0513.947.924.58
MarketCap / Net Operating Revenue (X)1.721.161.780.500.11
Retention Ratios (%)0.0098.2598.5396.5394.62
Price / BV (X)2.983.906.871.740.48
Price / Net Operating Revenue (X)1.721.161.780.500.11
EarningsYield0.040.080.040.100.28

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Vishnu Chemicals Ltd as of November 17, 2024 is: 590.40

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 17, 2024, Vishnu Chemicals Ltd is Undervalued by 35.10% compared to the current share price 437.00

Intrinsic Value of Vishnu Chemicals Ltd as of November 17, 2024 is: 721.10

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 17, 2024, Vishnu Chemicals Ltd is Undervalued by 65.01% compared to the current share price 437.00

Last 5 Year EPS CAGR: 22.14%

*Investments are subject to market risks

Strength and Weakness

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

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 Vishnu Chemicals Ltd:
    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: 10.71%)
      • 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: 28.1 (Industry average Stock P/E: 222.44)
      • 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: 0.44
      • 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.
INDUSTRYADDRESSCONTACT
Chemicals - Inorganic - OthersPlot No. C-23, Road No. 8, Film Nagar, Jubilee Hills, Hyderabad Telangana 500096vishnu@vishnuchemicals.com
http://www.vishnuchemicals.com
Management
NamePosition Held
Mr. Cherukuri Krishna MurthyChairman & Managing Director
Mr. Siddartha CherukuriJoint Managing Director
Mrs. Cherukuri ManjulaNon Executive Director
Mr. Tirthankar MitraIndependent Director
Mr. Chetan Navinchandra ShahIndependent Director
Mr. Veeramachaneni VimalanandIndependent Director
Dr. Sita VankaIndependent Director
Mr. Naga Bhushan BhagwatIndependent Director

FAQ

What is the latest intrinsic value of Vishnu Chemicals Ltd?

The latest intrinsic value of Vishnu Chemicals Ltd as on 17 November 2024 is ₹590.40, which is 35.10% higher than the current market price of ₹437.00.

What is the Market Cap of Vishnu Chemicals Ltd?

The Market Cap of Vishnu Chemicals Ltd is 2,861 Cr..

What is the current Stock Price of Vishnu Chemicals Ltd as on 17 November 2024?

The current stock price of Vishnu Chemicals Ltd as on 17 November 2024 is ₹437.

What is the High / Low of Vishnu Chemicals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Vishnu Chemicals Ltd stocks is 562/247.

What is the Stock P/E of Vishnu Chemicals Ltd?

The Stock P/E of Vishnu Chemicals Ltd is 28.1.

What is the Book Value of Vishnu Chemicals Ltd?

The Book Value of Vishnu Chemicals Ltd is 116.

What is the Dividend Yield of Vishnu Chemicals Ltd?

The Dividend Yield of Vishnu Chemicals Ltd is 0.07 %.

What is the ROCE of Vishnu Chemicals Ltd?

The ROCE of Vishnu Chemicals Ltd is 20.0 %.

What is the ROE of Vishnu Chemicals Ltd?

The ROE of Vishnu Chemicals Ltd is 18.1 %.

What is the Face Value of Vishnu Chemicals Ltd?

The Face Value of Vishnu Chemicals Ltd is 2.00.

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 Vishnu 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