Chordia Food Products Ltd

Chordia Food Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Chordia Food Products Ltd

₹ 83.4 -4.79%
28 Sep 10:36 a.m.
chordiafoods.com BSE: 519475
About

Incorporated in 1960, Chordia Food Products
Ltd manufactures and sells processed foods[1]

Key Points

Product Portfolio:
a) Pickles:[1]
Special Pickles, Pravin Pickles, Navin Pickles, Toofan Pickles under Mango, Lime, Chilli, Mix Pickles, etc.
b) Ketchup:[2]
Red Chilli Sauce, Green Chilli Sauce and Chilli Garlic Sauce, and Mango Chutney
c) Instant Mixes:[3]
Gulab Jamun Mix, Idli Mix, Dhokla Mix
d) Regional:[4]
Fiery Red Thecha, Murabba / Chunda
e) Others:[5]
Custard Powder, Milk shake, Syrups & Squashes

Website BSE
  • Market Cap ₹ 33.6 Cr.
  • Current Price ₹ 83.4
  • High / Low ₹ 109 / 59.6
  • Stock P/E 108
  • Book Value ₹ 34.4
  • Dividend Yield 0.00 %
  • ROCE 2.47 %
  • ROE 1.27 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 2.55 times its book value
  • The company has delivered a poor sales growth of -45.4% over past five years.
  • Company has a low return on equity of 1.01% over last 3 years.
  • Debtor days have increased from 83.4 to 110 days.
  • Company's cost of borrowing seems high

* 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
19.43 19.74 18.13 20.77 15.43 0.66 0.62 0.67 0.71 0.78 0.65 0.72 0.81
18.59 18.45 17.78 20.09 17.84 0.32 0.41 0.51 0.39 0.39 0.38 0.42 0.33
Operating Profit 0.84 1.29 0.35 0.68 -2.41 0.34 0.21 0.16 0.32 0.39 0.27 0.30 0.48
OPM % 4.32% 6.53% 1.93% 3.27% -15.62% 51.52% 33.87% 23.88% 45.07% 50.00% 41.54% 41.67% 59.26%
-0.00 0.03 -0.00 0.01 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.03 -0.00 -0.00
Interest 0.14 0.21 0.12 0.10 0.27 0.05 0.06 0.06 0.05 0.04 0.04 0.04 0.02
Depreciation 0.42 0.42 0.41 0.50 0.39 0.22 0.22 0.22 0.22 0.22 0.22 0.23 0.22
Profit before tax 0.28 0.69 -0.18 0.09 -3.07 0.07 -0.07 -0.12 0.05 0.13 0.04 0.03 0.24
Tax % 35.71% 30.43% 33.33% 33.33% -0.00% 28.57% 57.14% -0.00% -20.00% 30.77% 25.00% -0.00% 29.17%
0.19 0.49 -0.12 0.07 -3.08 0.05 -0.03 -0.12 0.05 0.08 0.03 0.03 0.17
EPS in Rs 0.48 1.22 -0.30 0.18 -7.70 0.12 -0.08 -0.30 0.12 0.20 0.08 0.08 0.42
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
28.52 31.56 35.02 39.60 41.32 51.90 59.16 60.58 65.48 76.33 2.61 2.86 2.96
24.43 27.89 31.11 36.22 38.73 49.97 52.08 54.62 61.85 73.08 1.54 1.59 1.52
Operating Profit 4.09 3.67 3.91 3.38 2.59 1.93 7.08 5.96 3.63 3.25 1.07 1.27 1.44
OPM % 14.34% 11.63% 11.17% 8.54% 6.27% 3.72% 11.97% 9.84% 5.54% 4.26% 41.00% 44.41% 48.65%
0.11 1.30 0.27 3.18 0.80 0.04 0.08 0.02 0.06 0.04 -0.00 0.03 0.03
Interest 0.60 0.88 0.95 1.04 1.45 1.40 1.11 1.04 0.54 0.65 0.22 0.16 0.14
Depreciation 0.93 0.91 0.89 0.85 1.17 1.29 2.08 2.08 2.08 1.75 0.89 0.89 0.89
Profit before tax 2.67 3.18 2.34 4.67 0.77 -0.72 3.97 2.86 1.07 0.89 -0.04 0.25 0.44
Tax % 23.22% 23.58% 29.49% 29.55% 32.47% -0.00% 24.43% 27.62% 29.91% 31.46% -0.00% 28.00%
2.05 2.43 1.66 3.29 0.52 -0.72 3.01 2.08 0.75 0.62 -0.04 0.19 0.31
EPS in Rs 6.83 8.10 5.53 10.97 1.73 -2.40 10.03 5.20 1.88 1.55 -0.10 0.48 0.78
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: -21%
5 Years: -45%
3 Years: -65%
TTM: 11%
Compounded Profit Growth
10 Years: -20%
5 Years: -43%
3 Years: -38%
TTM: 720%
Stock Price CAGR
10 Years: 13%
5 Years: 2%
3 Years: 10%
1 Year: -1%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 1%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.98 2.98 2.98 2.98 2.98 2.98 2.98 4.03 4.03 4.03 4.03 4.03
Reserves 23.93 26.36 28.02 31.32 31.83 29.36 29.85 30.87 31.63 32.24 10.59 9.71
4.90 3.49 8.51 6.73 8.94 8.23 10.60 7.00 4.43 6.63 1.54 0.88
4.37 4.96 5.22 7.17 7.44 8.16 7.52 5.81 7.16 8.36 0.62 1.70
Total Liabilities 36.18 37.79 44.73 48.20 51.19 48.73 50.95 47.71 47.25 51.26 16.78 16.32
10.51 10.42 10.98 11.08 12.13 12.21 21.63 19.94 17.92 17.96 13.02 12.16
CWIP -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.50 -0.00 -0.00 -0.00
Investments 2.51 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.04 0.03 0.01 0.01
23.16 27.35 33.73 37.10 39.04 36.50 29.29 27.74 28.79 33.27 3.75 4.15
Total Assets 36.18 37.79 44.73 48.20 51.19 48.73 50.95 47.71 47.25 51.26 16.78 16.32

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.00 3.38 1.74 3.00 6.94 2.83 1.97 5.66 3.82 -0.49 1.46 2.21
-0.00 1.68 -12.45 -0.95 -9.46 -1.37 -0.38 -0.38 -0.58 -1.28 -0.01 -0.02
-0.00 -0.00 5.02 -1.79 2.22 -2.11 -1.54 -4.41 -2.53 1.62 -2.32 -0.82
Net Cash Flow -0.00 5.06 -5.69 0.27 -0.30 -0.65 0.06 0.87 0.71 -0.15 -0.86 1.37

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 22.27 21.51 21.26 21.20 18.90 16.95 87.67 69.47 43.48 32.85 107.68 109.76
Inventory Days 160.84 156.01 136.65 138.28 200.04 135.05 124.36 114.13 136.02 94.01
Days Payable 46.67 47.59 45.49 69.77 95.63 73.48 55.89 35.98 38.47 26.21
Cash Conversion Cycle 136.44 129.94 112.42 89.71 123.31 78.52 156.14 147.62 141.03 100.65 107.68 109.76
Working Capital Days 217.05 179.49 170.10 94.29 107.86 67.37 129.50 123.09 108.14 109.22 359.41 191.43
ROCE % 10.85% 9.47% 9.10% 6.88% 5.24% 1.61% 12.02% 9.23% 3.93% 3.71% 0.61% 2.47%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
72.34% 72.34% 72.34% 72.34% 72.34% 72.34% 72.34% 72.34% 72.33% 72.33% 72.33% 72.33%
27.66% 27.66% 27.66% 27.66% 27.66% 27.66% 27.66% 27.66% 27.66% 27.66% 27.68% 27.66%
No. of Shareholders 3,4923,4773,5003,7793,6673,5953,5593,5473,7343,7903,6483,599

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