C J Gelatine Products Ltd

C J Gelatine Products Ltd

₹ 24.0 2.53%
11 Oct 4:01 p.m.
About

Established in 1982, C.J. Gelatine Products Ltd is engaged in the business of manufacturing of Gelatine and related by-products like Di-Calcium Phosphate, Ossein, etc.

Key Points

Product Overview:[1]
Gelatin is the main ingredient in empty capsules and soft-gel capsules. As a rich source of protein, Gelatin finds application in numerous end use sectors including pharma, food and beverage, photographic supplies, cosmetics, explosives, electroplating, dyes, papermaking and printing.
Gelatin capsules hold major market share in empty capsule markets. Gelatin provides rapid drug release and excellent oxygen barrier and hence are preferred for manufacturing capsule shells.

  • Market Cap 11.5 Cr.
  • Current Price 24.0
  • High / Low 26.7 / 16.4
  • Stock P/E 23.5
  • Book Value 9.83
  • Dividend Yield 0.00 %
  • ROCE 6.26 %
  • ROE 15.6 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.64% over past five years.
  • Company has a low return on equity of 7.18% over last 3 years.
  • Company might be capitalizing the interest cost

* 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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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
6.83 8.45 12.84 11.55 10.58 7.16 9.03 10.04 10.52 9.61 9.53 11.25 8.92
6.53 8.41 12.14 10.55 10.25 7.18 8.78 9.51 9.97 9.73 8.80 10.50 8.42
Operating Profit 0.30 0.04 0.70 1.00 0.33 -0.02 0.25 0.53 0.55 -0.12 0.73 0.75 0.50
OPM % 4.39% 0.47% 5.45% 8.66% 3.12% -0.28% 2.77% 5.28% 5.23% -1.25% 7.66% 6.67% 5.61%
0.01 0.01 0.01 0.02 0.02 0.21 0.20 0.17 -0.56 -0.65 -0.69 -0.66 0.00
Interest 0.30 0.28 0.30 0.31 0.28 0.33 0.35 0.41 0.33 0.34 0.34 0.36 0.32
Depreciation 0.00 0.00 0.00 0.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.55 0.14
Profit before tax 0.01 -0.23 0.41 0.23 0.07 -0.14 0.10 0.29 -0.34 -1.11 -0.30 -0.82 0.04
Tax % 0.00% 0.00% 0.00% 26.09% 0.00% 0.00% 0.00% 31.03% 0.00% 0.00% 0.00% -75.61% -25.00%
0.01 -0.23 0.41 0.16 0.07 -0.14 0.10 0.20 -0.34 -1.11 -0.29 -0.21 0.05
EPS in Rs 0.02 -0.48 0.85 0.33 0.15 -0.29 0.21 0.42 -0.71 -2.31 -0.60 -0.44 0.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
15.87 14.93 17.76 22.56 16.55 23.01 25.81 28.28 39.03 39.53 36.80 40.89 39.31
15.22 14.66 16.47 20.86 16.66 21.84 23.91 26.59 37.15 37.46 35.20 38.98 37.45
Operating Profit 0.65 0.27 1.29 1.70 -0.11 1.17 1.90 1.69 1.88 2.07 1.60 1.91 1.86
OPM % 4.10% 1.81% 7.26% 7.54% -0.66% 5.08% 7.36% 5.98% 4.82% 5.24% 4.35% 4.67% 4.73%
0.03 0.24 0.00 0.10 0.18 0.23 -0.16 0.06 0.02 0.04 0.59 -2.55 -2.00
Interest 0.46 0.51 0.87 1.32 1.74 0.96 0.86 1.13 1.07 1.22 1.37 1.37 1.36
Depreciation 0.20 0.20 0.34 0.30 0.34 0.36 0.37 0.38 0.43 0.48 0.50 0.55 0.69
Profit before tax 0.02 -0.20 0.08 0.18 -2.01 0.08 0.51 0.24 0.40 0.41 0.32 -2.56 -2.19
Tax % 0.00% 0.00% 12.50% 33.33% 0.00% 12.50% 25.49% 12.50% 12.50% 14.63% 28.12% -24.22%
0.02 -0.20 0.06 0.13 -2.01 0.06 0.37 0.22 0.35 0.35 0.23 -1.95 -1.56
EPS in Rs 0.04 -0.42 0.12 0.27 -4.18 0.12 0.77 0.46 0.73 0.73 0.48 -4.05 -3.25
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 11%
5 Years: 10%
3 Years: 2%
TTM: 7%
Compounded Profit Growth
10 Years: 16%
5 Years: 13%
3 Years: 39%
TTM: -6%
Stock Price CAGR
10 Years: 9%
5 Years: 26%
3 Years: 3%
1 Year: -3%
Return on Equity
10 Years: 1%
5 Years: 5%
3 Years: 7%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

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 4.81 4.81 4.81 4.81 4.81 4.81 4.81 4.81 4.81 4.81 4.81 4.81
Reserves 9.07 8.31 7.74 7.30 4.73 4.22 4.03 3.69 2.97 2.75 2.42 -0.08
2.04 1.64 1.83 6.00 7.68 5.37 5.01 9.93 12.83 18.57 19.55 19.61
7.08 6.92 9.41 9.78 14.68 17.69 17.05 12.56 11.95 8.67 8.68 8.76
Total Liabilities 23.00 21.68 23.79 27.89 31.90 32.09 30.90 30.99 32.56 34.80 35.46 33.10
11.25 10.51 9.54 9.48 9.26 8.66 8.04 7.42 7.09 7.27 7.15 6.52
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11.75 11.17 14.25 18.41 22.64 23.43 22.86 23.57 25.47 27.53 28.31 26.58
Total Assets 23.00 21.68 23.79 27.89 31.90 32.09 30.90 30.99 32.56 34.80 35.46 33.10

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.20 0.92 0.69 0.78 1.11 2.15 1.30 -6.19 -3.34 -4.07 0.80 1.76
-0.02 -0.03 0.00 -0.80 -0.68 -0.33 -0.32 -0.26 -0.65 -1.18 -0.36 -0.44
-0.44 -0.90 -0.68 1.58 -0.47 -3.25 -0.59 6.01 3.98 4.50 -0.45 -1.31
Net Cash Flow -0.26 -0.01 0.01 1.56 -0.04 -1.42 0.40 -0.43 -0.01 -0.75 -0.01 0.00

Ratios

Figures in Rs. Crores

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 31.51 19.80 29.59 33.01 77.85 67.57 53.88 31.62 23.94 34.26 20.73 28.74
Inventory Days 342.60 421.33 424.77 375.37 629.85 430.58 395.32 414.65 275.60 274.00 326.34 249.08
Days Payable 228.27 274.43 301.12 247.26 514.05 399.89 352.31 233.33 129.87 75.28 77.99 36.31
Cash Conversion Cycle 145.84 166.70 153.25 161.12 193.65 98.26 96.89 212.93 169.68 232.97 269.08 241.50
Working Capital Days 106.95 103.41 98.65 93.19 103.88 62.34 47.94 130.23 111.66 166.66 185.28 162.19
ROCE % 2.96% 0.65% 7.55% 9.05% -1.75% 6.58% 10.97% 8.49% 7.53% 6.97% 6.39% 6.26%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
61.37% 61.37% 61.37% 61.37% 61.37% 61.37% 61.37% 61.37% 61.37% 61.37% 61.37% 61.37%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
38.63% 38.62% 38.62% 38.62% 38.62% 38.62% 38.63% 38.63% 38.63% 38.63% 38.62% 38.62%
No. of Shareholders 4,6464,7074,7684,7574,8404,9594,9004,8684,8944,8844,9444,949

* 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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