Universal Starch Chem Allied Ltd

Universal Starch Chem Allied Ltd

₹ 176 -0.03%
25 Apr 4:01 p.m.
About

Incorporated in 1973, Universal Starch-Chem Allied Ltd manufactures Starches & their derivatives and other By-Products

Key Points

Business Overview:[1]
Company does production of starch, DMH, DAH, LG and Pregel starches in Maharashtra and its distribution worldwide. Company generates Biogas which is used as fuel for by-product dryers and boilers. Company also established Wind Mills to generate power and also a co Generation Power plant for captive consumption

  • Market Cap 73.8 Cr.
  • Current Price 176
  • High / Low 196 / 114
  • Stock P/E 11.4
  • Book Value 151
  • Dividend Yield 0.00 %
  • ROCE 13.0 %
  • ROE 10.7 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.17 times its book value
  • Company has delivered good profit growth of 86.7% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.

* 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

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
64.93 100.61 106.44 112.50 106.02 131.17 135.90 119.41 121.50 138.95 135.96 119.88 126.25
59.49 95.65 100.45 106.82 100.89 122.42 131.06 116.76 117.00 133.61 129.27 115.79 124.31
Operating Profit 5.44 4.96 5.99 5.68 5.13 8.75 4.84 2.65 4.50 5.34 6.69 4.09 1.94
OPM % 8.38% 4.93% 5.63% 5.05% 4.84% 6.67% 3.56% 2.22% 3.70% 3.84% 4.92% 3.41% 1.54%
0.10 0.69 0.19 0.74 0.71 0.69 0.65 0.84 0.39 1.09 0.30 0.56 0.30
Interest 3.54 2.48 2.07 2.27 1.72 1.70 1.85 1.98 1.44 1.84 1.77 2.19 2.14
Depreciation 0.98 1.03 1.04 1.07 1.06 1.14 1.25 1.26 1.26 1.32 1.39 1.43 1.50
Profit before tax 1.02 2.14 3.07 3.08 3.06 6.60 2.39 0.25 2.19 3.27 3.83 1.03 -1.40
Tax % 21.57% -28.97% 60.26% -6.82% 20.92% 31.52% 30.54% 36.00% 23.74% 26.30% -12.01% 26.21% 29.29%
0.80 2.76 1.22 3.29 2.42 4.52 1.66 0.15 1.67 2.42 4.29 0.76 -0.98
EPS in Rs 1.90 6.57 2.90 7.83 5.76 10.76 3.95 0.36 3.98 5.76 10.21 1.81 -2.33
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
163 170 184 195 165 214 198 279 264 296 456 516 521
161 165 170 189 163 215 190 267 254 279 431 498 503
Operating Profit 2 4 14 6 2 -1 8 12 10 18 26 17 18
OPM % 1% 3% 8% 3% 1% -0% 4% 4% 4% 6% 6% 3% 3%
3 2 2 2 3 3 1 2 2 1 2 3 2
Interest 4 5 5 5 4 4 4 6 7 7 8 7 8
Depreciation 4 5 5 5 4 4 4 4 5 4 4 5 6
Profit before tax -3 -3 7 -2 -4 -6 1 3 0 7 16 8 7
Tax % 13% 30% 47% 46% 55% 29% 73% 54% -61% 12% 28% 27%
-3 -2 4 -1 -2 -4 0 1 1 6 11 6 6
EPS in Rs -6.71 -5.62 8.98 -2.60 -4.02 -10.05 0.60 3.38 1.57 15.14 27.24 14.05 15.45
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 21%
3 Years: 25%
TTM: 3%
Compounded Profit Growth
10 Years: 16%
5 Years: 87%
3 Years: 108%
TTM: -19%
Stock Price CAGR
10 Years: 27%
5 Years: 34%
3 Years: 38%
1 Year: 50%
Return on Equity
10 Years: 9%
5 Years: 13%
3 Years: 17%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 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 4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 7 4 8 6 4 9 9 32 34 37 48 54 59
42 51 40 31 36 29 44 56 47 64 50 73 68
41 33 43 48 49 63 47 56 72 71 85 74 92
Total Liabilities 94 93 96 90 94 106 104 149 157 175 187 204 223
48 51 48 44 44 53 50 88 84 86 97 102 105
CWIP 5 0 0 3 0 0 1 1 1 3 6 5 5
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
41 41 48 43 50 52 54 60 72 86 83 97 113
Total Assets 94 93 96 90 94 106 104 149 157 175 187 204 223

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
10 -7 13 17 -4 13 -8 11 11 11 34 -1
-13 -3 -2 -5 -2 -2 -1 -18 -1 -9 -18 -9
3 10 -11 -9 3 -11 8 10 -11 1 -18 14
Net Cash Flow 0 -0 1 3 -3 0 -0 2 -1 3 -2 4

Ratios

Figures in Rs. Crores

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 31 26 31 34 44 36 47 34 42 43 37 32
Inventory Days 48 46 54 24 50 37 34 38 54 61 27 33
Days Payable 94 57 72 77 101 119 82 70 104 94 73 51
Cash Conversion Cycle -15 16 12 -18 -8 -46 -2 2 -8 11 -10 15
Working Capital Days 2 17 9 -19 -8 -26 1 2 4 11 -1 13
ROCE % 2% 3% 22% 7% 1% -5% 9% 12% 8% 15% 23% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.91% 53.91% 53.91% 53.91% 53.91% 53.91% 53.91% 53.91% 53.91% 53.91% 53.91% 53.91%
0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
46.08% 46.09% 46.09% 46.09% 46.09% 46.09% 46.08% 46.09% 46.10% 46.09% 46.09% 46.09%
No. of Shareholders 1,7041,7831,8071,9231,9201,9812,0242,0312,0472,1042,0932,030

* 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.

Click on the line-items to see the names of individual entities.

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