NHC Foods Ltd

₹ 39.1 4.97%
27 Jan - close price
About

Incorporated in 1960, NHC Foods Ltd is a manufacturer and exporter of whole and blended spices[1]

Key Points

Business Overview:[1][2]
Company has a ISO & HACCP certified unit which supplies Ground Spices & Blends to leading food MNCs and fast food chains globally. It has also developed a packaging unit, which offers flexible packaging as per the requirements of the clients. It follows stock and sale mechanism for certain spices and grains, by procuring bulk quantities at low prices during peak season and sells during off season. Company recently added rice to its existing grains of maize and wheat, which are low-cost high-margin products.

  • Market Cap 46.4 Cr.
  • Current Price 39.1
  • High / Low 39.1 / 13.0
  • Stock P/E 29.5
  • Book Value 20.4
  • Dividend Yield 0.00 %
  • ROCE 9.51 %
  • ROE 6.41 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 50.0 to 35.4 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.06% over past five years.
  • Company has a low return on equity of 6.58% 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: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
31.77 29.17 43.84 32.85 43.97 36.35 38.61 29.11 34.81 46.17 42.85 38.92 33.18
30.84 28.59 42.81 31.78 43.01 35.44 37.63 28.40 33.99 45.37 40.57 37.71 31.72
Operating Profit 0.93 0.58 1.03 1.07 0.96 0.91 0.98 0.71 0.82 0.80 2.28 1.21 1.46
OPM % 2.93% 1.99% 2.35% 3.26% 2.18% 2.50% 2.54% 2.44% 2.36% 1.73% 5.32% 3.11% 4.40%
0.08 0.24 0.15 0.01 0.23 0.35 0.22 0.17 0.38 0.51 0.06 0.15 0.11
Interest 0.34 0.39 0.56 0.35 0.31 0.60 0.41 0.35 0.35 0.66 0.65 0.61 0.79
Depreciation 0.35 0.35 0.35 0.32 0.33 0.31 0.26 0.30 0.30 0.30 0.29 0.30 0.30
Profit before tax 0.32 0.08 0.27 0.41 0.55 0.35 0.53 0.23 0.55 0.35 1.40 0.45 0.48
Tax % 18.75% -200.00% -81.48% 2.44% 47.27% 11.43% 39.62% -17.39% 32.73% 28.57% 57.14% 24.44% 16.67%
Net Profit 0.26 0.24 0.49 0.40 0.29 0.30 0.32 0.27 0.37 0.24 0.59 0.34 0.40
EPS in Rs 0.22 0.20 0.41 0.34 0.24 0.25 0.27 0.23 0.31 0.20 0.50 0.29 0.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
72 93 136 143 147 153 138 87 125 132 152 153 161
70 90 132 138 143 150 135 84 122 128 148 148 155
Operating Profit 2 3 4 5 4 3 3 3 3 4 4 5 6
OPM % 3% 3% 3% 3% 3% 2% 2% 3% 2% 3% 3% 3% 4%
1 1 1 1 1 1 1 0 1 1 1 1 1
Interest 1 2 2 2 2 2 2 2 1 2 2 2 3
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 0 1 2 2 1 0 1 0 1 2 2 3 3
Tax % 6% 39% 32% 29% 17% 35% 38% 42% -16% 26% 25% 42%
Net Profit 0 0 2 2 1 0 1 0 1 1 1 1 2
EPS in Rs 1.38 1.41 2.78 2.01 1.04 0.26 0.60 0.20 1.11 1.19 1.16 1.24 1.33
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 2%
3 Years: 7%
TTM: 16%
Compounded Profit Growth
10 Years: 12%
5 Years: 16%
3 Years: 4%
TTM: 25%
Stock Price CAGR
10 Years: -3%
5 Years: 21%
3 Years: 102%
1 Year: 131%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 7%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
10 10 11 11 11 12 12 12 12 12 12 12 12
Reserves 1 2 5 6 7 8 6 6 8 9 10 12 12
11 11 15 19 17 19 22 19 13 21 28 25 35
26 27 25 16 18 44 23 14 25 20 19 16 16
Total Liabilities 42 42 51 49 53 83 63 51 57 62 69 64 75
19 20 20 19 18 17 16 16 15 15 14 13 12
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
23 22 31 30 35 66 48 35 42 47 55 52 63
Total Assets 42 42 51 49 53 83 63 51 57 62 69 64 75

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4 7 -4 -1 2 -0 -7 5 7 -6 -6 3
-3 -2 1 1 3 1 0 -1 -0 0 0 0
-2 -3 4 1 -5 0 3 -4 -6 6 6 -6
Net Cash Flow -1 2 1 1 1 0 -3 0 0 -0 0 -3

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 67 32 40 17 14 95 68 45 55 67 48 35
Inventory Days 25 29 22 37 58 48 40 63 46 44 54 65
Days Payable 100 73 50 22 39 104 51 53 61 52 45 34
Cash Conversion Cycle -7 -12 12 31 34 38 57 55 40 58 57 66
Working Capital Days -4 -15 11 25 29 35 56 78 43 66 56 63
ROCE % 11% 12% 17% 14% 11% 7% 7% 5% 7% 9% 8% 10%

Shareholding Pattern

Numbers in percentages

5 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
41.34 41.54 41.63 41.63 41.88 41.88 41.88 42.15 42.18 42.18 42.18 42.25
58.66 58.46 58.37 58.37 58.12 58.12 58.12 57.85 57.82 57.82 57.82 57.75

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