Sadhana Nitro Chem Ltd

₹ 69.8 1.82%

23 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 ₹ 1,726 Cr.
Current Price ₹ 69.8
High / Low ₹ 121 / 60.8
Stock P/E 324
Book Value ₹ 9.26
Dividend Yield 0.21 %
ROCE 5.00 %
ROE 1.76 %
Face Value ₹ 1.00

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Pros

Company has been maintaining a healthy dividend payout of 47.5%

Cons

Stock is trading at 7.54 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 4.69% over past five years.
Company has a low return on equity of 5.81% over last 3 years.
Company might be capitalizing the interest cost
Company has high debtors of 167 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

Consolidated Figures in Rs. Crores / View Standalone

	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
	26.45	39.47	28.48	31.60	31.82	39.82	27.44	36.53	31.20	48.16	39.41	42.01	44.08
	24.46	22.27	23.75	28.25	28.19	36.91	24.87	32.31	26.48	38.46	31.56	29.48	32.68
Operating Profit	1.99	17.20	4.73	3.35	3.63	2.91	2.57	4.22	4.72	9.70	7.85	12.53	11.40
OPM %	7.52%	43.58%	16.61%	10.60%	11.41%	7.31%	9.37%	11.55%	15.13%	20.14%	19.92%	29.83%	25.86%
	4.55	-1.32	0.53	1.14	1.69	1.60	1.27	0.36	-0.16	0.32	0.73	-0.01	0.77
Interest	0.74	1.11	0.82	0.96	1.53	1.26	1.27	2.29	1.93	4.27	4.32	4.49	4.36
Depreciation	1.57	1.54	1.50	1.50	1.51	1.59	1.58	1.67	1.68	2.68	3.79	3.82	3.83
Profit before tax	4.23	13.23	2.94	2.03	2.28	1.66	0.99	0.62	0.95	3.07	0.47	4.21	3.98
Tax %	19.86%	13.53%	20.75%	20.20%	28.51%	61.45%	-3.03%	159.68%	21.05%	42.67%	87.23%	38.95%	76.63%
	3.39	11.44	2.33	1.62	1.63	0.64	1.02	-0.37	0.75	1.76	0.06	2.57	0.93
EPS in Rs	0.14	0.48	0.10	0.07	0.07	0.03	0.04	-0.02	0.03	0.07	0.00	0.10	0.04
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	69	72	32	48	36	55	114	267	106	103	132	143	174
	60	66	34	52	34	47	79	147	77	80	117	122	132
Operating Profit	9	6	-2	-4	2	8	35	120	29	23	15	21	41
OPM %	12%	8%	-7%	-8%	5%	15%	31%	45%	27%	23%	11%	15%	24%
	0	15	12	14	0	0	0	1	2	5	5	2	2
Interest	7	10	6	5	5	6	5	12	3	3	5	10	17
Depreciation	4	4	2	2	2	2	2	3	6	6	6	8	14
Profit before tax	-2	6	1	3	-5	1	28	107	22	19	9	6	12
Tax %	114%	35%	148%	-35%	0%	0%	-11%	29%	34%	15%	30%	44%
	0	4	-1	4	-5	1	31	76	15	16	6	3	5
EPS in Rs	0.01	0.18	-0.03	0.17	-0.21	0.02	1.30	3.17	0.61	0.67	0.26	0.13	0.21
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	47%	95%

Compounded Sales Growth
10 Years:	%
5 Years:	5%
3 Years:	11%
TTM:	29%

Compounded Profit Growth
10 Years:	%
5 Years:	-37%
3 Years:	-40%
TTM:	161%

Stock Price CAGR
10 Years:	71%
5 Years:	25%
3 Years:	65%
1 Year:	-30%

Return on Equity
10 Years:	%
5 Years:	19%
3 Years:	6%
Last Year:	2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	-12	-10	-11	-7	-12	1	37	96	107	116	116	206	204
Preference Capital	0	2	2	10	10	0	4	0	0	0	0	0
	67	52	40	27	34	36	11	8	46	83	116	139	176
	21	21	24	36	37	37	82	64	53	91	135	102	102
Total Liabilities	85	72	62	66	68	83	139	177	216	304	386	466	507
	39	28	26	31	29	37	50	76	84	78	75	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
	38	36	28	26	30	37	78	94	111	197	236	288	314
Total Assets	85	72	62	66	68	83	139	177	216	304	386	466	507

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Jun 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	8	6	6	9	-1	9	35	53	-17	1	-5	-38
	-2	-2	11	-0	-0	-1	-6	-25	-22	-23	-39	-53
	-6	-4	-18	-9	2	-25	-13	-23	30	30	46	72
Net Cash Flow	0	0	-1	0	1	-16	16	5	-9	7	2	-19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	73	60	68	56	131	68	49	21	100	173	113	167
Inventory Days	105	114	214	102	176	222	184	217	641	600
Days Payable	177	134	253	226	395	350	195	64	272	234
Cash Conversion Cycle	1	39	30	-68	-88	-59	37	174	469	539	113	167
Working Capital Days	18	52	-39	-7	23	-12	-81	30	218	291	279	402
ROCE %	8%	5%		-13%	0%	16%	62%	136%	18%	12%	6%	5%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	74.02%	74.02%	74.02%	74.02%	74.02%	74.02%	74.02%	74.02%	71.68%	71.12%	65.81%	65.64%
	0.21%	0.21%	0.21%	0.21%	0.21%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.05%	0.02%
	25.76%	25.75%	25.76%	25.76%	25.76%	25.89%	25.97%	25.97%	28.31%	28.86%	34.15%	34.30%
No. of Shareholders	11,473	19,676	19,970	24,602	25,792	26,425	26,625	24,710	26,268	29,537	36,520	43,366

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	71.01%	71.65%	74.02%	74.02%	74.02%	74.02%	74.02%	65.64%
	0.00%	0.00%	0.06%	0.23%	0.05%	0.21%	0.00%	0.05%
	0.01%	0.01%	0.13%	0.01%	0.01%	0.02%	0.02%	0.02%
	28.97%	28.34%	25.79%	25.74%	25.92%	25.76%	25.97%	34.30%
No. of Shareholders	4,482	4,685	7,890	7,606	11,674	24,602	24,710	43,366

* 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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