Sharda Cropchem Ltd

Sharda Cropchem Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sharda Cropchem Ltd

₹ 413 -1.55%
17 May - close price
shardacropchem.com BSE: 538666 NSE: SHARDACROP
About

Sharda Cropchem is principally engaged in export of agrochemicals (technical grade and formulations) and non-agro products such as conveyor belts, rubber belts/sheets, dyes and dye intermediates to various countries across the world.

Key Points

Asset Light Business Model[1]
The company follows an asset light business model as they focus on Identification of generic molecules, preparing dossiers, seeking registrations, marketing & distributing formulation. The company outsources the manufacturing of AI's and other formulations and this has resulted in cost competitiveness across various geographies.

Website BSE NSE
  • Market Cap ₹ 3,727 Cr.
  • Current Price ₹ 413
  • High / Low ₹ 580 / 318
  • Stock P/E 27.2
  • Book Value ₹ 234
  • Dividend Yield 1.45 %
  • ROCE 8.56 %
  • ROE 6.65 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.5%

Cons

  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Company has a low return on equity of 13.2% over last 3 years.
  • Earnings include an other income of Rs.271 Cr.
  • Company has high debtors of 205 days.

* 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: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
992 521 483 710 1,232 580 587 853 1,292 487 431 498 1,187
803 411 404 551 989 578 548 682 1,015 567 442 464 954
Operating Profit 189 109 80 159 243 2 39 172 277 -80 -10 34 234
OPM % 19% 21% 16% 22% 20% 0% 7% 20% 21% -17% -2% 7% 20%
10 28 12 6 2 20 33 63 58 81 54 81 55
Interest 0 0 0 0 1 1 0 1 2 1 4 0 -0
Depreciation 52 54 61 59 72 55 60 65 68 70 74 69 54
Profit before tax 146 83 31 106 173 -34 11 169 265 -70 -34 45 234
Tax % 21% 33% 29% 30% 24% 24% 23% 23% 20% 22% 19% 19% 22%
115 56 22 74 132 -26 9 131 211 -55 -28 37 183
EPS in Rs 12.71 6.15 2.41 8.21 14.59 -2.83 0.94 14.51 23.37 -6.08 -3.07 4.08 20.24
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
556 541 769 934 1,129 1,470 1,604 1,616 2,033 2,946 3,313 2,603
435 408 614 700 851 1,129 1,326 1,386 1,644 2,344 2,809 2,430
Operating Profit 121 132 156 235 279 341 278 230 389 603 504 173
OPM % 22% 24% 20% 25% 25% 23% 17% 14% 19% 20% 15% 7%
19 35 24 63 56 33 56 130 81 48 173 271
Interest 0 5 7 7 8 14 19 15 14 13 18 2
Depreciation 37 29 23 35 56 70 99 137 170 245 248 267
Profit before tax 104 133 150 256 270 290 217 209 285 392 411 175
Tax % 32% 33% 35% 33% 30% 33% 34% 8% 26% 28% 21% 22%
70 89 98 172 189 193 144 192 210 283 325 137
EPS in Rs 7.80 9.83 10.88 19.08 20.92 21.44 15.96 21.27 23.25 31.36 35.99 15.16
Dividend Payout % 0% 20% 23% 16% 19% 19% 25% 19% 22% 19% 17% 20%
Compounded Sales Growth
10 Years: 17%
5 Years: 10%
3 Years: 9%
TTM: -21%
Compounded Profit Growth
10 Years: 5%
5 Years: -1%
3 Years: -13%
TTM: -56%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: 6%
1 Year: -18%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 13%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 90 90 90 90 90 90 90 90 90 90 90 90
Reserves 363 426 497 647 800 975 1,083 1,221 1,412 1,641 1,912 2,022
0 0 38 2 0 170 0 0 81 47 0 15
253 268 298 452 636 840 867 881 1,106 1,652 2,006 1,698
Total Liabilities 706 785 923 1,191 1,526 2,075 2,040 2,192 2,690 3,431 4,008 3,825
64 63 87 129 209 226 371 416 544 592 668 991
CWIP 88 133 149 210 232 360 220 161 131 212 204 0
Investments 98 176 96 92 62 24 213 117 84 136 33 160
455 412 591 761 1,022 1,465 1,236 1,498 1,931 2,491 3,103 2,675
Total Assets 706 785 923 1,191 1,526 2,075 2,040 2,192 2,690 3,431 4,008 3,825

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
122 143 14 142 123 -15 513 53 202 277 140 163
-110 -146 -25 -65 -75 -139 -314 24 -238 -183 -1 -178
-13 -10 16 -89 -20 132 -215 -60 44 -90 -98 -35
Net Cash Flow -1 -13 6 -12 28 -21 -16 18 9 4 41 -51

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 197 193 165 200 196 206 168 208 196 163 184 205
Inventory Days 81 72 85 82 133 187 110 116 127 151 166 167
Days Payable 165 191 144 215 223 223 200 211 203 194 203 163
Cash Conversion Cycle 113 74 105 68 106 170 79 113 121 120 147 210
Working Capital Days 104 76 100 93 100 139 74 116 113 92 105 171
ROCE % 24% 27% 26% 39% 34% 29% 19% 17% 20% 24% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82%
1.19% 0.89% 1.00% 1.69% 2.16% 2.37% 2.41% 2.14% 2.00% 2.01% 2.06% 2.14%
16.52% 13.55% 12.74% 12.84% 12.76% 12.93% 12.61% 12.93% 12.75% 12.29% 12.42% 12.41%
7.47% 10.74% 11.44% 10.64% 10.26% 9.88% 10.15% 10.09% 10.44% 10.87% 10.70% 10.63%
No. of Shareholders 32,26337,73235,80347,89861,04958,19261,10654,22252,12656,48356,85861,075

* 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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