Nikhil Adhesives Ltd
Incorporated in 1986, Nikhil Adhesives Ltd is in the business of manufacturing various types of polymer emulsions and adhesives, and trading of chemicals[1]
- Market Cap ₹ 567 Cr.
- Current Price ₹ 124
- High / Low ₹ 148 / 108
- Stock P/E 43.3
- Book Value ₹ 23.4
- Dividend Yield 0.16 %
- ROCE 24.0 %
- ROE 18.3 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 37.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
- Debtor days have improved from 77.1 to 54.1 days.
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
165 | 181 | 232 | 251 | 266 | 260 | 330 | 446 | 422 | 491 | 814 | 743 | 577 | |
157 | 172 | 220 | 242 | 255 | 248 | 317 | 430 | 403 | 460 | 770 | 709 | 546 | |
Operating Profit | 8 | 9 | 13 | 8 | 11 | 11 | 13 | 17 | 19 | 31 | 43 | 35 | 31 |
OPM % | 5% | 5% | 5% | 3% | 4% | 4% | 4% | 4% | 5% | 6% | 5% | 5% | 5% |
-3 | -1 | -4 | 1 | 0 | 0 | -0 | 1 | 1 | 0 | 1 | 0 | 0 | |
Interest | 2 | 4 | 6 | 6 | 8 | 7 | 7 | 8 | 8 | 7 | 6 | 6 | 7 |
Depreciation | 1 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 4 | 5 | 6 |
Profit before tax | 1 | 1 | 0 | 1 | 2 | 3 | 4 | 7 | 9 | 21 | 34 | 24 | 18 |
Tax % | 33% | 62% | 30% | 30% | 12% | 33% | 34% | 30% | 23% | 26% | 26% | 28% | |
1 | 1 | 0 | 0 | 2 | 2 | 3 | 5 | 7 | 16 | 25 | 17 | 13 | |
EPS in Rs | 0.20 | 0.15 | 0.07 | 0.10 | 0.41 | 0.52 | 0.62 | 1.14 | 1.53 | 3.41 | 5.50 | 3.71 | 2.85 |
Dividend Payout % | 41% | 55% | 0% | 0% | 0% | 0% | 16% | 9% | 7% | 4% | 4% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 18% |
3 Years: | 21% |
TTM: | -28% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 38% |
3 Years: | 35% |
TTM: | -33% |
Stock Price CAGR | |
---|---|
10 Years: | 49% |
5 Years: | 59% |
3 Years: | 38% |
1 Year: | -9% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 23% |
3 Years: | 26% |
Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
Reserves | 10 | 10 | 10 | 10 | 12 | 14 | 30 | 35 | 41 | 56 | 81 | 97 | 103 |
27 | 32 | 44 | 36 | 35 | 46 | 32 | 34 | 34 | 28 | 28 | 35 | 64 | |
40 | 44 | 58 | 61 | 68 | 67 | 89 | 113 | 111 | 202 | 203 | 159 | 123 | |
Total Liabilities | 81 | 90 | 116 | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 295 | 294 |
9 | 22 | 25 | 25 | 24 | 23 | 30 | 37 | 44 | 54 | 64 | 76 | 91 | |
CWIP | 11 | 3 | 1 | 1 | 0 | 1 | 0 | 0 | 6 | 0 | 1 | 4 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
61 | 65 | 91 | 86 | 94 | 106 | 127 | 149 | 141 | 236 | 250 | 215 | 204 | |
Total Assets | 81 | 90 | 116 | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 295 | 294 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 8 | -2 | 16 | 13 | -4 | 11 | 16 | 21 | 23 | 25 | 21 | |
-10 | -9 | -3 | -0 | -2 | -1 | -6 | -10 | -12 | -7 | -15 | -19 | |
8 | 1 | 5 | -15 | -9 | 4 | -5 | -7 | -9 | -15 | -6 | -3 | |
Net Cash Flow | -0 | -0 | -0 | 0 | 1 | -0 | -0 | -0 | -1 | 1 | 3 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 76 | 64 | 75 | 62 | 61 | 91 | 86 | 79 | 82 | 112 | 65 | 54 |
Inventory Days | 40 | 42 | 45 | 44 | 41 | 36 | 45 | 39 | 40 | 66 | 41 | 52 |
Days Payable | 88 | 88 | 95 | 93 | 95 | 98 | 106 | 95 | 94 | 148 | 87 | 74 |
Cash Conversion Cycle | 27 | 18 | 26 | 13 | 7 | 28 | 25 | 23 | 28 | 31 | 19 | 32 |
Working Capital Days | 34 | 26 | 36 | 27 | 24 | 45 | 36 | 24 | 21 | 22 | 21 | 27 |
ROCE % | 21% | 17% | 21% | 13% | 20% | 17% | 18% | 22% | 22% | 33% | 39% | 24% |
Documents
Announcements
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulation, 2015 27 Apr
- Disclosure Under Regulation 30(5) Of The SEBI (LODR) Regulations, 2015 27 Apr
- Compliance Certificate Under Regulation 40(9) And 40(10) Of The SEBI (LODR) Regulation, 2015 27 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Apr - Compliance Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st March, 2024
- Disclosures under Reg. 10(7) of SEBI (SAST) Regulations, 2011 1 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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Business Segments[1]
A) Manufacturing of Adhesives
NAL is an ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certified multi-product company that manufactures, sells, and exports various types of specialty adhesives and polymer emulsions.