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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 516072 | NSE: VISHNU

Fundamental Analysis of Vishnu Chemicals Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:08 am

Market Cap 2,002 Cr.
Current Price 306
High / Low386/247
Stock P/E18.4
Book Value 100.0
Dividend Yield0.13 %
ROCE30.1 %
ROE38.7 %
Face Value 2.00

Data Source: screener.in

Competitors of Vishnu Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sree Rayalaseema Hi-Strength Hypo Ltd 939 Cr. 546815/4536.97 4790.73 %26.4 %21.6 % 10.0
Alufluoride Ltd 400 Cr. 511587/31323.8 99.20.39 %23.6 %22.1 % 10.0
Archean Chemical Industries Ltd 8,438 Cr. 685838/49421.1 1270.37 %45.6 %44.9 % 2.00
A-1 Acid Ltd 413 Cr. 359440/295291 40.70.42 %9.79 %7.63 % 10.0
Alchemist Corporation Ltd 7.81 Cr. 15.919.4/10.7 31.20.00 %1.15 %1.16 % 10.0
Industry Average2,039.56 Cr423.3868.57155.420.38%21.31%19.48%8.40

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales133214197240298334359371325336301308304
Expenses118189170207253282301312273275250262263
Operating Profit15252733445158595261514641
OPM %11%12%14%14%15%15%16%16%16%18%17%15%13%
Other Income0111222463234
Interest6766787899999
Depreciation5566667777799
Profit before tax4141623343947484249373127
Tax %16%20%29%28%27%27%27%27%25%27%23%22%23%
Net Profit4111217252934353236292421
EPS in Rs0.621.821.942.794.124.795.715.885.325.974.793.663.17

Last Updated: April 10, 2024, 5:19 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 12:21 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4184805076437696746791,0691,3911,248
Expenses3393964415626675916009111,1601,049
Operating Profit798466811028279158231199
OPM %19%18%13%13%13%12%12%15%17%16%
Other Income127837361512
Interest34374449473927283536
Depreciation12131619212020232631
Profit before tax34361422373034112185144
Tax %36%41%52%35%35%27%-1%28%26%
Net Profit222171424223481137109
EPS in Rs3.663.561.102.424.083.725.7813.6322.8617.59
Dividend Payout %11%6%0%8%5%5%3%3%2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-4.55%-66.67%100.00%71.43%-8.33%54.55%138.24%69.14%
Change in YoY Net Profit Growth (%)0.00%-62.12%166.67%-28.57%-79.76%62.88%83.69%-69.10%

Growth

Compounded Sales Growth
10 Years:%
5 Years:17%
3 Years:27%
TTM:-10%
Compounded Profit Growth
10 Years:%
5 Years:56%
3 Years:82%
TTM:-16%
Stock Price CAGR
10 Years:34%
5 Years:62%
3 Years:73%
1 Year:2%
Return on Equity
10 Years:%
5 Years:29%
3 Years:33%
Last Year:39%

Last Updated: April 16, 2024, 6:13 pm

Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121212121212121213
Reserves791068599130148184265402642
Preference Capital48480777777777777
Borrowings177215322305272252259288303316
Other Liabilities224286275366343324318351335256
Total Liabilities4926206947827577367739161,0521,226
Fixed Assets186202290349350338387463465590
CWIP4466621719362459828
Investments0012111323
Other Assets262352342415387360361444488606
Total Assets4926206947827577367739161,0521,226

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 13397389100496794134
Cash from Investing Activity -9-43-98-33-23-22-52-86-118
Cash from Financing Activity 1425-56-78-24-19-9-16
Net Cash Flow5-100-14-400

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow31.0036.0066.004.0025.005.002.0081.00154.00

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 2023
Debtor Days788869826449626547
Inventory Days230314269212201252243143142
Days Payable117225201207147167174146120
Cash Conversion Cycle191176137871171341316369
Working Capital Days12810358837278926462
ROCE %21%14%16%17%14%12%24%30%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%68.36%68.36%
FIIs0.00%0.08%0.20%0.30%0.46%0.58%1.25%1.10%0.80%0.46%1.45%0.33%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%6.82%7.09%
Public25.00%24.92%24.80%24.70%24.54%24.42%23.75%23.89%24.19%24.55%23.36%24.20%
No. of Shareholders5,8326,3017,1017,2379,24010,78714,35619,57122,78124,87329,10830,089

Shareholding Pattern Chart

No. of Shareholders

Vishnu Chemicals Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Bandhan Small Cap Fund6527410.623.26
ITI Small Cap Fund5467610.8517.7
Bandhan Core Equity Fund4347820.4415.5
ITI Pharma and Healthcare Fund639101.372.07
ITI Value Fund470080.871.52

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.0010.0010.0010.0010.00
Basic EPS (Rs.)22.8668.1328.8818.6120.40
Diluted EPS (Rs.)22.8668.1328.8818.6120.40
Cash EPS (Rs.)27.2987.3745.8735.5137.86
Book Value[Excl.RevalReserv]/Share (Rs.)69.37231.77164.19133.93119.21
Book Value[Incl.RevalReserv]/Share (Rs.)69.37231.77164.19133.93119.21
Revenue From Operations / Share (Rs.)232.88894.86568.12566.49644.05
PBDIT / Share (Rs.)41.07135.1267.1972.2185.59
PBIT / Share (Rs.)36.63115.8850.2055.3168.12
PBT / Share (Rs.)31.0594.0328.4625.3731.38
Net Profit / Share (Rs.)22.8668.1328.8818.6120.40
NP After MI And SOA / Share (Rs.)22.8668.1328.8818.6120.40
PBDIT Margin (%)17.6315.0911.8212.7413.28
PBIT Margin (%)15.7312.948.839.7610.57
PBT Margin (%)13.3310.505.014.474.87
Net Profit Margin (%)9.817.615.083.283.16
NP After MI And SOA Margin (%)9.817.615.083.283.16
Return on Networth / Equity (%)32.9529.3917.5813.8917.10
Return on Capital Employeed (%)31.9925.4013.4716.2020.77
Return On Assets (%)12.998.894.462.953.21
Long Term Debt / Equity (X)0.340.460.500.600.64
Total Debt / Equity (X)0.721.041.171.601.75
Asset Turnover Ratio (%)1.401.180.780.790.92
Current Ratio (X)1.281.131.061.051.02
Quick Ratio (X)0.710.670.480.440.50
Inventory Turnover Ratio (X)3.892.861.601.782.27
Dividend Payout Ratio (NP) (%)1.741.463.465.370.00
Dividend Payout Ratio (CP) (%)1.461.142.182.810.00
Earning Retention Ratio (%)98.2698.5496.5494.630.00
Cash Earning Retention Ratio (%)98.5498.8697.8297.190.00
Interest Coverage Ratio (X)7.356.193.092.412.33
Interest Coverage Ratio (Post Tax) (X)5.094.122.331.621.56
Enterprise Value (Cr.)1974.142250.42636.06395.19483.21
EV / Net Operating Revenue (X)1.422.110.930.580.62
EV / EBITDA (X)8.0513.947.924.584.73
MarketCap / Net Operating Revenue (X)1.161.780.500.110.22
Retention Ratios (%)98.2598.5396.5394.620.00
Price / BV (X)3.906.871.740.481.20
Price / Net Operating Revenue (X)1.161.780.500.110.22
EarningsYield0.080.040.100.280.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 713.01

The stock is undervalued by 133.01% compared to the current price ₹306

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.44%, which is a positive sign.
  2. The company has higher reserves (214.00 cr) compared to borrowings (55.80 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (417.30 cr) and profit (64.80 cr) over the years.
  1. The stock has a high average Working Capital Days of 82.22, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 122.78, 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 Vishnu Chemicals Ltd:
    1. Net Profit Margin: 9.81%
      • 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: 31.99% (Industry Average ROCE: 20.67%)
      • 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%: 32.95% (Industry Average ROE: 21.24%)
      • 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): 5.09
      • 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: 0.71
      • 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: 18.4 (Industry average Stock P/E: 63.81)
      • 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: 0.72
      • 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

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 500096investors@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

Vishnu Chemicals Ltd. Share Price Update

Share PriceValue
Today₹306.40
Previous Day₹298.45

FAQ

What is the latest fair value of Vishnu Chemicals Ltd?

The latest fair value of Vishnu Chemicals Ltd is 713.01.

What is the Market Cap of Vishnu Chemicals Ltd?

The Market Cap of Vishnu Chemicals Ltd is 2,002 Cr..

What is the current Stock Price of Vishnu Chemicals Ltd as on 23 April 2024?

The current stock price of Vishnu Chemicals Ltd as on 23 April 2024 is 306.

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 ₹386/247.

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

The Stock P/E of Vishnu Chemicals Ltd is 18.4.

What is the Book Value of Vishnu Chemicals Ltd?

The Book Value of Vishnu Chemicals Ltd is 100.0.

What is the Dividend Yield of Vishnu Chemicals Ltd?

The Dividend Yield of Vishnu Chemicals Ltd is 0.13 %.

What is the ROCE of Vishnu Chemicals Ltd?

The ROCE of Vishnu Chemicals Ltd is 30.1 %.

What is the ROE of Vishnu Chemicals Ltd?

The ROE of Vishnu Chemicals Ltd is 38.7 %.

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