Nitta Gelatin India Ltd

About [ edit ]

Nitta Gelatin India in the business of manufacture and sale of ossein, gelatin and collagen peptide.

  • Market Cap 163 Cr.
  • Current Price 180
  • High / Low 195 / 72.3
  • Stock P/E 10.4
  • Book Value 172
  • Dividend Yield 1.39 %
  • ROCE 6.74 %
  • ROE 5.94 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.04 times its book value
  • Debtor days have improved from 57.79 to 33.55 days.

Cons

  • The company has delivered a poor sales growth of -3.69% over past five years.
  • Company has a low return on equity of 2.25% for last 3 years.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
94.90 69.92 49.00 65.87 76.41 75.19 76.31 75.91 67.07 82.93 85.25 92.18
84.33 64.55 49.26 59.54 69.98 69.02 67.96 65.91 64.74 74.86 73.13 80.05
Operating Profit 10.57 5.37 -0.26 6.33 6.43 6.17 8.35 10.00 2.33 8.07 12.12 12.13
OPM % 11.14% 7.68% -0.53% 9.61% 8.42% 8.21% 10.94% 13.17% 3.47% 9.73% 14.22% 13.16%
Other Income 1.02 0.23 0.13 0.18 0.17 1.48 3.05 0.55 -1.78 0.10 3.65 0.12
Interest 1.18 1.47 1.35 2.34 2.73 1.94 1.80 2.83 1.76 1.54 1.29 1.20
Depreciation 4.00 3.38 3.43 3.71 3.84 3.66 3.75 3.79 3.75 3.59 3.76 3.01
Profit before tax 6.41 0.75 -4.91 0.46 0.03 2.05 5.85 3.93 -4.96 3.04 10.72 8.04
Tax % 71.29% 28.00% 31.36% 191.30% -5,333.33% 24.39% 12.48% 28.50% 67.94% 27.63% 11.47% 29.35%
Net Profit 1.84 0.54 -3.37 -0.42 1.64 1.55 5.12 2.81 -1.59 2.19 9.49 5.68
EPS in Rs 2.03 0.59 -3.71 -0.46 1.81 1.71 5.64 3.09 -1.75 2.41 10.45 6.26
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
183 189 202 244 303 287 355 357 341 343 261 294 327
151 157 191 223 263 277 329 318 304 316 243 268 293
Operating Profit 32 32 11 21 40 10 27 39 37 27 18 27 35
OPM % 17% 17% 6% 8% 13% 3% 8% 11% 11% 8% 7% 9% 11%
Other Income 5 8 3 1 2 0 2 2 9 5 1 3 2
Interest 4 2 3 6 7 6 8 6 4 7 8 8 6
Depreciation 9 7 8 9 10 11 10 9 10 14 14 15 14
Profit before tax 25 31 3 7 26 -7 10 26 32 11 -4 7 17
Tax % 39% 17% 25% 22% 40% 32% 49% 37% 36% 65% 28% -15%
Net Profit 15 25 2 5 16 -5 5 17 20 4 -3 8 16
EPS in Rs 13.41 22.73 1.69 4.54 13.91 -5.46 5.62 18.38 22.57 4.16 -2.91 8.70 17.37
Dividend Payout % 17% 20% 178% 66% 22% -0% 18% 14% 11% 60% -52% 29%
Compounded Sales Growth
10 Years:5%
5 Years:-4%
3 Years:-5%
TTM:8%
Compounded Profit Growth
10 Years:-11%
5 Years:9%
3 Years:-27%
TTM:42%
Stock Price CAGR
10 Years:9%
5 Years:-1%
3 Years:-6%
1 Year:43%
Return on Equity
10 Years:6%
5 Years:7%
3 Years:2%
Last Year:6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
8 8 8 8 8 9 9 25 9 9 9 9 9
Reserves 80 99 97 99 111 106 113 125 123 128 124 124 147
Borrowings 8 0 27 36 42 53 53 54 84 104 101 79 63
21 28 30 36 41 42 40 61 55 64 61 65 50
Total Liabilities 117 136 163 180 202 210 214 249 271 305 295 277 269
58 63 68 69 68 82 77 80 77 110 126 116 115
CWIP 4 6 9 6 8 8 8 7 11 10 3 4 1
Investments 4 8 8 8 32 32 32 45 27 4 4 4 4
52 58 78 96 93 88 96 117 157 181 161 153 149
Total Assets 117 136 163 180 202 210 214 249 271 305 295 277 269

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
34 39 1 20 16 23 17 29 11 26 28 33
-14 -24 -22 -18 -11 -24 -8 -22 -3 -7 -13 -7
-20 -12 18 -1 -4 0 -8 11 -6 -20 -14 -29
Net Cash Flow -1 3 -3 0 -0 -0 1 18 2 -0 1 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 29% 32% 4% 9% 22% -1% 11% 17% 17% 8% 2% 7%
Debtor Days 23 23 26 26 31 28 23 21 56 65 74 34
Inventory Turnover 3.16 3.72 3.99 3.86 3.66 3.37 4.47 3.99 3.40 3.13 2.25 2.39

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
74.48 74.48 74.48 74.48 74.48 74.48 74.48 74.48 74.48 74.48 74.48 74.48
0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12
0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
25.40 25.39 25.40 25.40 25.40 25.40 25.40 25.39 25.40 25.40 25.40 25.40

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