Nikhil Adhesives Ltd
Incorporated in 1982, Nikhil Adhesives is a Mumbai based multi-product company who is into manufacturing, selling and exporting various types of adhesives, emulsions that are used for various applications. It is also trading in Chemicals used in emulsions and adhesive industry. [1]
- Market Cap ₹ 569 Cr.
- Current Price ₹ 124
- High / Low ₹ 225 / 60.4
- Stock P/E 25.4
- Book Value ₹ 20.7
- Dividend Yield 0.17 %
- ROCE 39.4 %
- ROE 34.5 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 65.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%
- Debtor days have improved from 86.4 to 64.9 days.
Cons
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
130 | 165 | 181 | 232 | 251 | 266 | 260 | 330 | 446 | 422 | 491 | 814 | 860 | |
124 | 157 | 172 | 220 | 242 | 255 | 248 | 317 | 430 | 403 | 460 | 770 | 820 | |
Operating Profit | 6 | 8 | 9 | 13 | 8 | 11 | 11 | 13 | 17 | 19 | 31 | 43 | 40 |
OPM % | 5% | 5% | 5% | 5% | 3% | 4% | 4% | 4% | 4% | 5% | 6% | 5% | 5% |
2 | -3 | -1 | -4 | 1 | 0 | 0 | -0 | 1 | 1 | 0 | 1 | 1 | |
Interest | 3 | 2 | 4 | 6 | 6 | 8 | 7 | 7 | 8 | 8 | 7 | 6 | 6 |
Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 4 | 4 |
Profit before tax | 4 | 1 | 1 | 0 | 1 | 2 | 3 | 4 | 7 | 9 | 21 | 34 | 30 |
Tax % | 34% | 33% | 62% | 30% | 30% | 12% | 33% | 34% | 30% | 23% | 26% | 26% | |
Net Profit | 2 | 1 | 1 | 0 | 0 | 2 | 2 | 3 | 5 | 7 | 16 | 25 | 22 |
EPS in Rs | 0.63 | 0.20 | 0.15 | 0.07 | 0.10 | 0.41 | 0.52 | 0.62 | 1.14 | 1.53 | 3.41 | 5.50 | 4.90 |
Dividend Payout % | 19% | 41% | 55% | 0% | 0% | 0% | 0% | 16% | 9% | 7% | 4% | 4% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 26% |
3 Years: | 22% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 24% |
5 Years: | 65% |
3 Years: | 69% |
TTM: | -21% |
Stock Price CAGR | |
---|---|
10 Years: | 43% |
5 Years: | 41% |
3 Years: | 120% |
1 Year: | 56% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 24% |
3 Years: | 28% |
Last Year: | 35% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | |
Reserves | 9 | 10 | 10 | 10 | 10 | 12 | 14 | 30 | 35 | 41 | 56 | 81 | 91 |
16 | 27 | 32 | 44 | 36 | 35 | 46 | 32 | 34 | 34 | 28 | 28 | 25 | |
32 | 40 | 44 | 58 | 61 | 68 | 67 | 89 | 113 | 111 | 202 | 203 | 202 | |
Total Liabilities | 61 | 81 | 90 | 116 | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 322 |
10 | 9 | 22 | 25 | 25 | 24 | 23 | 30 | 37 | 44 | 54 | 64 | 71 | |
CWIP | 0 | 11 | 3 | 1 | 1 | 0 | 1 | 0 | 0 | 6 | 0 | 1 | 2 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
51 | 61 | 65 | 91 | 86 | 94 | 106 | 127 | 149 | 141 | 236 | 250 | 249 | |
Total Assets | 61 | 81 | 90 | 116 | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 322 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10 | 2 | 8 | -2 | 16 | 13 | -4 | 11 | 16 | 21 | 23 | 25 | |
-2 | -10 | -9 | -3 | -0 | -2 | -1 | -6 | -10 | -12 | -7 | -15 | |
-7 | 8 | 1 | 5 | -15 | -9 | 4 | -5 | -7 | -9 | -15 | -6 | |
Net Cash Flow | 1 | -0 | -0 | -0 | 0 | 1 | -0 | -0 | -0 | -1 | 1 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 76 | 64 | 75 | 62 | 61 | 91 | 86 | 79 | 82 | 112 | 65 |
Inventory Days | 65 | 40 | 42 | 45 | 44 | 41 | 36 | 45 | 39 | 40 | 66 | 41 |
Days Payable | 88 | 88 | 88 | 95 | 93 | 95 | 98 | 106 | 95 | 94 | 148 | 87 |
Cash Conversion Cycle | 44 | 27 | 18 | 26 | 13 | 7 | 28 | 25 | 23 | 28 | 31 | 19 |
Working Capital Days | 44 | 34 | 26 | 36 | 27 | 24 | 45 | 36 | 24 | 21 | 22 | 18 |
ROCE % | 19% | 21% | 17% | 21% | 13% | 20% | 17% | 18% | 22% | 22% | 33% | 39% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 2d
- Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For Quarter And Nine Months Ended 31St December, 2022 2d
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for quarter ended 31.12.2022
- Closure of Trading Window 27 Dec 2022
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2 Dec 2022
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
from bse
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
from bse
Products
Nikhil Adhesives Limited is broadly into manufacturing and selling products under two categories viz:- Industrial Products and consumer products. Within Industrial products it has Paint Emulsions, Textile Emulsions and Construction chemicals. It sells adhesives under the consumer products segment. Additionally company is into trading of monomers, Solvents & Chemicals.[1]