Nitta Gelatin India Ltd

About [ edit ]

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

  • Market Cap 156 Cr.
  • Current Price 172
  • High / Low 195 / 72.3
  • Stock P/E 12.1
  • Book Value 182
  • Dividend Yield 1.45 %
  • ROCE 9.17 %
  • ROE 8.69 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.95 times its book value
  • Company has been maintaining a healthy dividend payout of 36.82%
  • Debtor days have improved from 59.53 to 36.57 days.

Cons

  • The company has delivered a poor growth of -0.66% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 5.09% for last 3 years.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
77.96 60.88 77.06 87.12 88.11 91.07 87.30 75.68 94.13 94.52
70.36 58.06 67.59 76.95 80.29 79.14 75.29 72.25 85.04 80.63
Operating Profit 7.60 2.82 9.47 10.17 7.82 11.93 12.01 3.43 9.09 13.89
OPM % 9.75% 4.63% 12.29% 11.67% 8.88% 13.10% 13.76% 4.53% 9.66% 14.70%
Other Income 0.26 0.12 0.36 0.02 1.67 1.31 0.46 -1.82 0.12 0.33
Interest 1.54 1.43 2.41 2.83 2.03 1.89 2.06 1.80 1.58 1.32
Depreciation 3.54 3.73 3.88 3.91 3.83 3.92 3.97 3.92 3.77 3.94
Profit before tax 2.78 -2.22 3.54 3.45 3.63 7.43 6.44 -4.11 3.86 8.96
Tax % 29.86% 27.48% 44.63% 53.33% 26.45% 21.27% 26.40% 77.37% 27.46% 29.69%
Net Profit 1.64 -1.97 1.71 1.18 2.42 5.50 4.40 -1.08 2.71 6.12
EPS in Rs 1.81 -2.17 1.88 1.30 2.67 6.06 4.85 -1.19 2.98 6.74
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
183 189 202 244 303 287 354 357 356 342 303 342 352
152 157 191 223 260 271 330 321 320 313 273 306 313
Operating Profit 31 32 12 21 42 16 24 36 36 29 30 36 38
OPM % 17% 17% 6% 9% 14% 5% 7% 10% 10% 8% 10% 10% 11%
Other Income 5 8 3 1 2 0 2 2 9 5 1 2 -1
Interest 4 2 3 6 9 8 10 8 7 7 9 8 7
Depreciation 7 8 9 10 16 17 14 13 14 15 15 16 16
Profit before tax 25 31 2 6 20 -9 1 18 24 12 7 13 15
Tax % 38% 17% 28% 24% 55% 23% 358% 53% 49% 61% 33% 8%
Net Profit 16 25 2 5 11 -6 -1 11 14 4 3 11 12
EPS in Rs 13.88 22.51 1.51 4.19 9.59 -6.71 -1.56 11.82 15.61 4.90 3.82 12.38 13.38
Dividend Payout % 16% 20% 199% 72% 31% 0% -64% 21% 16% 51% 39% 20%
Compounded Sales Growth
10 Years:6%
5 Years:-1%
3 Years:-1%
TTM:2%
Compounded Profit Growth
10 Years:-7%
5 Years:39%
3 Years:0%
TTM:7%
Stock Price CAGR
10 Years:6%
5 Years:3%
3 Years:-12%
1 Year:13%
Return on Equity
10 Years:4%
5 Years:6%
3 Years:5%
Last Year:9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 78 97 95 96 105 100 99 105 124 139 132 134 156
Borrowings 8 0 47 60 57 68 66 76 109 104 108 84 69
23 30 34 41 52 49 49 65 59 54 65 68 53
Total Liabilities 118 136 184 205 222 226 223 256 301 306 313 296 287
61 72 79 122 117 125 118 120 110 113 130 121 119
CWIP 4 8 35 7 9 9 9 9 13 10 4 4 1
Investments 0 0 0 1 1 1 1 1 1 1 1 1 1
52 55 70 75 96 92 96 127 177 182 179 170 166
Total Assets 118 136 184 205 222 226 223 256 301 306 313 296 287

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
35 39 2 20 17 24 20 20 11 27 22 40
-16 -23 -42 -20 -13 -24 -8 -14 -3 -7 -14 -10
-20 -13 37 0 -3 0 -12 18 -5 -20 -7 -33
Net Cash Flow -1 3 -3 0 1 -1 0 25 3 -0 1 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 30% 33% 4% 8% 17% -0% 6% 14% 14% 8% 6% 9%
Debtor Days 24 23 26 26 31 28 23 21 54 66 76 37
Inventory Turnover 3.21 3.76 4.03 3.91 3.76 3.48 4.57 4.09 3.27 2.93 2.46 2.56

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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