Bodal Chemicals Ltd

Bodal Chemicals Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bodal Chemicals Ltd

₹ 73.3 0.55%
17 May 9:41 a.m.
bodal.com BSE: 524370 NSE: BODALCHEM
About

Bodal Chemicals Limited is one of India’s leading integrated Dyestuff companies and is the largest domestic manufacturer of Dye Intermediates. It offers a wide range of Dyestuffs, Dye Intermediates, Basic Chemicals, and its variants to diverse customers across India and the world. [1]

Key Points

Product Portfolio
The company has 200+ products in the segments of Basic Chemicals, Dye Intermediates, Dyestuffs & Chlor Alkali. The company recently added Benzene Derivatives to its product portfolio. The users of these chemicals are Textiles, Leather, Paper, Water Treatment, Home Care, Pharma & Agrochemical industries. [1]

Website BSE NSE
  • Market Cap ₹ 922 Cr.
  • Current Price ₹ 73.3
  • High / Low ₹ 101 / 64.0
  • Stock P/E 187
  • Book Value ₹ 89.7
  • Dividend Yield 0.14 %
  • ROCE 4.17 %
  • ROE 2.73 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 0.81 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.77% over past five years.
  • Company has a low return on equity of 6.43% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 10.7% of profits over last 3 years

* 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.

Peer comparison

Sector: Chemicals Industry: Dyes And Pigments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
330.70 406.04 386.85 450.93 509.49 590.21 447.93 404.61 309.33 389.44 325.75 327.70 337.47
296.92 357.58 340.12 401.09 440.75 534.35 406.74 373.21 286.38 363.84 302.17 305.35 313.80
Operating Profit 33.78 48.46 46.73 49.84 68.74 55.86 41.19 31.40 22.95 25.60 23.58 22.35 23.67
OPM % 10.21% 11.93% 12.08% 11.05% 13.49% 9.46% 9.20% 7.76% 7.42% 6.57% 7.24% 6.82% 7.01%
4.70 2.47 7.18 0.94 4.47 -0.37 1.12 0.98 2.30 3.59 3.65 6.11 4.51
Interest 1.50 3.27 4.62 4.59 5.92 5.87 6.87 6.48 9.86 11.21 11.37 12.90 12.00
Depreciation 7.06 7.04 8.99 11.37 10.91 11.60 12.10 11.81 13.84 14.41 14.42 14.08 14.28
Profit before tax 29.92 40.62 40.30 34.82 56.38 38.02 23.34 14.09 1.55 3.57 1.44 1.48 1.90
Tax % 22.96% 25.21% 25.31% 26.91% 24.74% 24.17% 25.88% 27.25% 4.52% 40.62% 25.69% 31.08% 62.11%
23.06 30.39 30.10 25.45 42.43 28.83 17.30 10.25 1.48 2.11 1.07 1.03 0.72
EPS in Rs 1.89 2.48 2.46 2.08 3.46 2.35 1.41 0.84 0.12 0.17 0.09 0.08 0.06
Raw PDF

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
603 524 960 1,043 907 1,182 1,121 1,379 1,224 1,130 2,011 1,555 1,380
598 503 770 859 758 961 924 1,146 1,091 1,047 1,787 1,434 1,285
Operating Profit 5 21 189 184 150 221 197 233 133 83 224 121 95
OPM % 1% 4% 20% 18% 17% 19% 18% 17% 11% 7% 11% 8% 7%
6 4 -70 5 20 15 12 15 14 18 8 8 18
Interest 34 39 47 27 12 7 5 7 14 9 21 34 47
Depreciation 16 16 25 22 26 26 11 18 26 28 46 52 57
Profit before tax -39 -31 47 139 132 203 193 222 106 64 165 43 8
Tax % 27% 32% 35% 34% 34% 35% 34% 35% 15% 24% 25% 27%
-28 -21 31 92 87 133 128 144 90 48 124 31 5
EPS in Rs -2.60 -1.94 2.81 8.43 7.94 12.18 10.44 11.79 7.37 3.95 10.15 2.48 0.40
Dividend Payout % 0% 0% 0% 0% 8% 7% 8% 7% 11% 20% 8% 4%
Compounded Sales Growth
10 Years: 12%
5 Years: 7%
3 Years: 8%
TTM: -21%
Compounded Profit Growth
10 Years: 13%
5 Years: -25%
3 Years: -30%
TTM: -91%
Stock Price CAGR
10 Years: 8%
5 Years: -8%
3 Years: -10%
1 Year: 7%
Return on Equity
10 Years: 16%
5 Years: 9%
3 Years: 6%
Last Year: 3%

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 22 22 22 22 22 22 24 24 24 24 24 25 25
Reserves 38 16 47 139 218 341 678 811 869 968 1,078 1,101 1,103
Preference Capital 0 16 25 25 0 0 0 0 0 0 0 0
335 343 372 209 143 142 148 135 238 436 640 755 765
174 90 157 170 132 187 191 265 292 279 384 281 331
Total Liabilities 569 472 597 539 514 692 1,041 1,235 1,424 1,708 2,127 2,163 2,224
277 265 168 190 184 196 412 529 613 760 804 955 926
CWIP 1 0 8 3 0 9 14 20 1 4 70 193 362
Investments 2 2 2 3 3 21 24 20 41 44 99 100 100
290 205 419 343 326 465 591 666 770 899 1,155 914 836
Total Assets 569 472 597 539 514 692 1,041 1,235 1,424 1,708 2,127 2,163 2,224

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
6 14 49 198 133 112 22 210 65 -22 30 246
-16 -5 -21 -35 -24 -100 -216 -175 -146 -171 -194 -315
11 -10 -27 -162 -109 -9 191 -29 86 186 162 69
Net Cash Flow 1 -1 1 0 -1 3 -3 6 6 -6 -2 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 92 62 86 69 67 56 89 77 111 128 98 95
Inventory Days 62 61 72 43 56 57 58 77 90 126 141 112
Days Payable 96 67 66 62 67 75 77 80 92 101 83 76
Cash Conversion Cycle 58 55 92 50 56 39 70 74 109 152 155 131
Working Capital Days 56 72 89 66 75 62 113 81 117 158 129 135
ROCE % -3% 2% 39% 39% 35% 46% 29% 25% 11% 6% 11% 4%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.94% 58.94% 58.94% 58.94% 58.94% 58.87% 57.47% 57.47% 57.39% 57.39% 57.39% 57.39%
2.40% 2.87% 2.99% 2.97% 3.06% 3.09% 2.42% 2.43% 2.37% 0.45% 0.30% 0.77%
0.02% 0.02% 0.14% 0.17% 0.17% 0.16% 0.16% 0.14% 0.01% 0.03% 0.01% 0.01%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
38.63% 38.16% 37.92% 37.91% 37.82% 37.88% 39.94% 39.97% 40.22% 42.12% 42.29% 41.82%
No. of Shareholders 59,64757,07458,99659,50659,67963,24764,22564,79566,07377,81676,86777,332

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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