Sadhana Nitro Chem Ltd

₹ 68.9 -0.29%

19 Apr - close price

About

Sadhana Nitro Chem Ltd is engaged in manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals and wireless network equipment and services.^[1]

Key Points

Product Portfolio & Applications
The company's products include 12 chemical intermediates like Nitrobenzene, Meta Amino phenol, Metanilic acid, Aniline Oil, Ortho Aminophenol, Para Amino Phenol, Ammonium Sulfate, Diethyl Keto Acid, Aniline 2,5 Disulphonic Acid, ODB2 etc. The chemicals are used in Agro Chemicals, Aramid Fibre, Pharma, Developers, Hair Colors, Dyes, Specialized Resins, Performance Chemicals etc. ^[1]

Website BSE NSE

Market Cap ₹ 1,702 Cr.
Current Price ₹ 68.9
High / Low ₹ 121 / 60.8
Stock P/E 209
Book Value ₹ 9.42
Dividend Yield 0.22 %
ROCE 5.39 %
ROE 2.49 %
Face Value ₹ 1.00

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Pros

Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 39.0%

Cons

Stock is trading at 7.31 times its book value
Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -5.31%
The company has delivered a poor sales growth of 5.73% over past five years.
Company has a low return on equity of 4.59% over last 3 years.
Company might be capitalizing the interest cost
Company has high debtors of 200 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: Chemicals Industry: Chemicals

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Detailed Comparison with:

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
	26.40	26.99	24.86	28.48	30.67	36.73	24.34	40.10	30.95	50.46	43.13	41.44	49.20
	24.72	15.70	21.06	25.73	26.16	33.95	22.32	34.94	26.06	39.84	34.12	28.63	37.25
Operating Profit	1.68	11.29	3.80	2.75	4.51	2.78	2.02	5.16	4.89	10.62	9.01	12.81	11.95
OPM %	6.36%	41.83%	15.29%	9.66%	14.70%	7.57%	8.30%	12.87%	15.80%	21.05%	20.89%	30.91%	24.29%
	1.94	0.27	0.75	1.24	0.60	2.32	1.14	0.99	-0.66	0.25	0.72	0.05	0.65
Interest	0.72	1.11	0.81	0.96	1.53	1.25	1.26	2.29	1.93	4.26	4.32	4.48	4.35
Depreciation	1.46	1.42	1.41	1.41	1.41	1.51	1.50	1.60	1.83	2.68	3.79	3.82	3.83
Profit before tax	1.44	9.03	2.33	1.62	2.17	2.34	0.40	2.26	0.47	3.93	1.62	4.56	4.42
Tax %	58.33%	19.82%	25.75%	25.93%	30.41%	42.31%	-7.50%	43.81%	42.55%	33.33%	24.69%	36.18%	68.55%
	0.60	7.24	1.73	1.20	1.51	1.35	0.43	1.27	0.27	2.62	1.22	2.91	1.39
EPS in Rs	0.03	0.30	0.07	0.05	0.06	0.06	0.02	0.05	0.01	0.11	0.05	0.12	0.06
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Jun 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	67	68	33	48	35	57	110	267	120	90	121	146	184
	58	63	35	51	33	49	76	147	83	72	107	123	140
Operating Profit	8	5	-2	-3	2	9	35	120	37	18	14	23	44
OPM %	13%	8%	-6%	-7%	6%	15%	32%	45%	31%	20%	11%	16%	24%
	0	9	12	13	0	0	0	1	2	4	5	2	2
Interest	7	10	6	5	5	6	5	12	3	3	5	10	17
Depreciation	3	4	2	2	2	2	2	3	5	6	6	8	14
Profit before tax	-1	0	2	3	-5	1	28	106	31	13	8	7	15
Tax %	191%	487%	137%	-33%	0%	0%	-11%	29%	25%	21%	32%	35%
	1	-2	-1	4	-5	1	31	75	24	10	6	5	8
EPS in Rs	0.05	-0.08	-0.02	0.18	-0.21	0.04	1.31	3.14	0.98	0.43	0.24	0.19	0.34
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	51%	66%

Compounded Sales Growth
10 Years:	%
5 Years:	6%
3 Years:	7%
TTM:	39%

Compounded Profit Growth
10 Years:	%
5 Years:	-32%
3 Years:	-42%
TTM:	145%

Stock Price CAGR
10 Years:	71%
5 Years:	23%
3 Years:	67%
1 Year:	-29%

Return on Equity
10 Years:	%
5 Years:	19%
3 Years:	5%
Last Year:	2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Jun 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	9	9	9	9	9	9	9	9	9	14	20	20	25
Reserves	-7	-10	-11	-7	-12	2	37	95	114	119	120	208	208
Preference Capital	0	2	2	10	10	0	4	0	0	0	0	0
	55	52	37	27	33	36	11	8	46	83	116	139	176
	20	21	23	36	38	37	59	66	49	90	124	101	102
Total Liabilities	77	72	59	66	68	83	116	179	218	306	380	468	511
	31	28	26	31	29	37	39	67	76	70	67	144	146
CWIP	8	9	9	9	9	9	11	2	15	23	68	28	42
Investments	0	0	0	0	0	0	0	5	6	6	7	6	6
	37	35	24	26	30	37	66	105	122	207	238	290	317
Total Assets	77	72	59	66	68	83	116	179	218	306	380	468	511

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Jun 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	6	6	10	6	-1	10	44	52	-11	1	-4	-38
	-2	-0	11	-0	-0	-1	-14	-25	-28	-23	-40	-53
	-4	-6	-21	-6	2	-6	-14	-23	30	30	46	72
Net Cash Flow	0	0	-0	0	0	4	16	4	-8	7	2	-19

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Jun 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	79	63	45	58	135	83	25	46	156	236	121	200
Inventory Days	106	115	180	99	177	174	192	197	374	641
Days Payable	174	136	231	220	401	321	122	141	197	273
Cash Conversion Cycle	11	41	-6	-63	-89	-64	95	103	333	604	121	200
Working Capital Days	27	54	-72	-7	10	-10	-45	41	218	345	312	401
ROCE %	11%	5%		-13%	1%	17%	62%	135%	24%	8%	6%	5%

Shareholding Pattern

Numbers in percentages

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	74.02%	74.02%	74.02%	74.02%	74.02%	74.02%	74.02%	74.02%	74.02%	71.68%	71.12%	65.81%
	0.05%	0.21%	0.21%	0.21%	0.21%	0.21%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.05%
	25.92%	25.76%	25.75%	25.76%	25.76%	25.76%	25.89%	25.97%	25.97%	28.31%	28.86%	34.15%
No. of Shareholders	11,674	11,473	19,676	19,970	24,602	25,792	26,425	26,625	24,710	26,268	29,537	36,520

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023
	71.01%	71.65%	74.02%	74.02%	74.02%	74.02%	74.02%	65.81%
	0.00%	0.00%	0.06%	0.23%	0.05%	0.21%	0.00%	0.00%
	0.01%	0.01%	0.13%	0.01%	0.01%	0.02%	0.02%	0.05%
	28.97%	28.34%	25.79%	25.74%	25.92%	25.76%	25.97%	34.15%
No. of Shareholders	4,482	4,685	7,890	7,606	11,674	24,602	24,710	36,520

* 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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