NGL Fine Chem Ltd // Pharmaceuticals

Pros:
Company is expected to give good quarter
Company has good consistent profit growth of 33.95% over 5 years
Cons:
Though the company is reporting repeated profits, it is not paying out dividend

Peer Comparison

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Sales Qtr Rs.Cr. Qtr Sales Var % ROCE %
1. Piramal Enterp. 2098.75 8.04 38052.69 1.18 -130.04 -42.94 2902.49 29.24 8.85
2. Sun Pharma.Inds. 593.45 35.03 142387.92 0.34 1110.05 137.18 7224.17 16.35 10.41
3. Unichem Labs. 201.40 0.56 1416.71 2.48 -20.65 -1476.67 201.43 42.54 -6.08
4. Aurobindo Pharma 756.30 18.77 44312.19 0.33 455.59 -12.10 4250.27 15.54 22.85
5. Cadila Health. 377.55 18.66 38651.40 0.93 449.20 259.07 2893.70 32.42 18.28
6. Claris Lifescien 396.55 1.37 2163.88 0.50 -317.43 -1809.37 2.07 -54.51 6.47
7. Cipla 640.45 34.65 51572.37 0.47 446.68 4.91 3938.99 11.74 9.64
8. NGL Fine Chem 481.80 19.15 297.75 0.00 4.82 201.25 34.86 65.14 21.63

Quarterly Results Figures in Rs. Crores

Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018
22.97 22.70 25.98 24.07 22.22 26.23 25.84 21.11 29.96 29.29 32.02 34.86
17.96 17.81 19.53 18.34 16.83 18.87 20.83 19.20 22.98 23.91 26.23 29.72
Operating Profit 5.01 4.89 6.45 5.73 5.39 7.36 5.01 1.91 6.98 5.38 5.79 5.14
OPM % 21.81% 21.54% 24.83% 23.81% 24.26% 28.06% 19.39% 9.05% 23.30% 18.37% 18.08% 14.74%
Other Income 0.04 0.03 0.11 1.50 0.00 0.00 1.31 1.17 0.00 1.60 0.84 2.23
Depreciation 0.65 0.66 0.77 0.74 0.75 0.80 0.79 0.81 1.66 0.61 1.48 1.57
Interest 0.28 0.17 0.41 0.23 0.11 0.22 0.16 0.15 0.15 0.59 0.66 0.59
Profit before tax 4.12 4.08 5.38 6.26 4.53 6.34 5.37 2.13 5.16 5.78 4.49 5.22
Tax 1.56 1.31 2.01 2.14 1.62 2.14 1.91 0.53 1.69 1.58 1.41 0.39
Net Profit 2.55 2.77 3.37 4.12 2.91 4.21 3.45 1.60 3.47 4.19 3.07 4.82

Profit & Loss Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
20.22 13.05 25.44 29.81 35.05 36.11 55.57 78.87 88.32 96.29 99.73 113.66 126.13
16.98 11.97 21.22 24.95 30.08 32.17 48.02 68.35 73.36 74.33 74.26 92.10 102.84
Operating Profit 3.24 1.08 4.22 4.86 4.97 3.94 7.55 10.52 14.96 21.96 25.47 21.56 23.29
OPM % 16.02% 8.28% 16.59% 16.30% 14.18% 10.91% 13.59% 13.34% 16.94% 22.81% 25.54% 18.97% 18.47%
Other Income 0.12 0.13 0.23 0.35 0.49 0.13 0.19 0.09 2.05 0.20 1.42 2.57 4.67
Interest 0.42 0.42 0.54 0.50 0.67 1.15 1.36 1.58 1.55 1.57 1.00 1.77 1.99
Depreciation 0.51 0.59 0.76 0.78 0.94 1.35 1.93 2.32 2.60 2.72 3.08 4.56 5.32
Profit before tax 2.43 0.20 3.15 3.93 3.85 1.57 4.45 6.71 12.86 17.87 22.81 17.80 20.65
Tax % 34.57% 20.00% 37.78% 31.30% 37.14% 32.48% 34.61% 32.49% 35.23% 36.21% 34.77% 29.27%
Net Profit 1.59 0.16 1.96 2.70 2.42 1.05 2.91 4.53 8.33 11.40 14.89 12.59 15.55
EPS in Rs 2.49 0.26 3.17 4.37 3.92 1.69 4.71 7.33 13.48 18.45 24.09 20.38
Dividend Payout % 19.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:24.17%
5 Years:15.39%
3 Years:8.77%
TTM:32.21%
Compounded Profit Growth
10 Years:54.74%
5 Years:33.95%
3 Years:20.98%
TTM:27.77%
Return on Equity
10 Years:22.21%
5 Years:24.64%
3 Years:24.91%
TTM:19.16%

Balance Sheet Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09
Reserves 6.01 6.16 7.85 10.56 12.97 14.02 16.93 21.45 29.73 41.13 56.32 68.95
Borrowings 3.83 2.52 4.14 5.05 6.30 10.20 13.31 16.68 13.19 14.43 22.87 26.66
5.03 2.65 5.28 6.66 9.35 9.88 14.07 14.63 20.51 18.86 19.88 30.59
Total Liabilities 17.96 14.42 20.36 25.36 31.71 37.19 47.40 55.85 66.52 77.51 102.16 129.29
5.50 6.53 6.46 6.23 10.93 10.28 17.55 18.86 17.43 24.14 24.90 56.32
CWIP 0.47 0.00 0.00 1.22 0.60 4.62 0.00 0.00 1.10 1.59 15.85 3.29
Investments 0.01 0.01 0.47 0.97 1.63 1.52 0.04 0.41 2.07 3.11 6.00 6.48
11.98 7.88 13.43 16.94 18.55 20.77 29.81 36.58 45.92 48.67 55.41 63.20
Total Assets 17.96 14.42 20.36 25.36 31.71 37.19 47.40 55.85 66.52 77.51 102.16 129.29

Cash Flows Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
-0.05 1.53 -0.35 1.37 4.32 1.40 -0.02 -0.29 7.50 8.41 9.94 22.36
-1.47 -1.06 -1.10 -2.17 -5.52 -4.49 -2.99 -3.55 -2.59 -9.79 -10.15 -21.09
1.32 -1.30 1.68 0.75 0.96 3.04 3.79 3.03 -3.78 1.63 0.00 0.00
Net Cash Flow -0.20 -0.83 0.23 -0.05 -0.24 -0.05 0.78 -0.81 1.14 0.25 -0.21 1.28