Nikhil Adhesives Ltd

Nikhil Adhesives Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nikhil Adhesives Ltd

₹ 125 0.52%
25 Apr 4:01 p.m.
nikhiladhesives.com BSE: 526159
About

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]

Key Points

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 monomers, Solvents & Chemicals. [1]

Website BSE
  • Market Cap ₹ 575 Cr.
  • Current Price ₹ 125
  • High / Low ₹ 148 / 108
  • Stock P/E 43.8
  • Book Value ₹ 23.4
  • Dividend Yield 0.16 %
  • ROCE 24.0 %
  • ROE 18.3 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 37.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
  • Debtor days have improved from 77.1 to 54.1 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
142.86 212.78 175.89 198.67 221.21 217.98 224.28 196.69 161.81 160.68 142.08 143.81 130.29
131.16 199.18 165.17 186.92 211.14 207.08 213.69 188.58 154.61 152.00 135.29 136.27 122.73
Operating Profit 11.70 13.60 10.72 11.75 10.07 10.90 10.59 8.11 7.20 8.68 6.79 7.54 7.56
OPM % 8.19% 6.39% 6.09% 5.91% 4.55% 5.00% 4.72% 4.12% 4.45% 5.40% 4.78% 5.24% 5.80%
0.03 0.24 0.07 0.10 0.15 0.25 0.14 0.15 0.09 0.10 0.13 0.07 0.05
Interest 1.65 1.85 1.55 1.37 1.40 1.58 1.24 1.45 1.74 1.88 1.51 1.60 1.77
Depreciation 0.88 0.92 0.97 0.99 1.06 1.11 1.11 1.16 1.56 1.38 1.31 1.49 1.67
Profit before tax 9.20 11.07 8.27 9.49 7.76 8.46 8.38 5.65 3.99 5.52 4.10 4.52 4.17
Tax % 25.87% 26.65% 24.79% 25.29% 25.13% 27.54% 25.06% 25.13% 27.57% 34.24% 25.12% 23.45% 29.02%
6.82 8.13 6.22 7.10 5.82 6.13 6.28 4.23 2.90 3.63 3.07 3.45 2.96
EPS in Rs 1.49 1.77 1.36 1.55 1.27 1.34 1.37 0.92 0.63 0.79 0.67 0.75 0.64
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
165 181 232 251 266 260 330 446 422 491 814 743 577
157 172 220 242 255 248 317 430 403 460 770 709 546
Operating Profit 8 9 13 8 11 11 13 17 19 31 43 35 31
OPM % 5% 5% 5% 3% 4% 4% 4% 4% 5% 6% 5% 5% 5%
-3 -1 -4 1 0 0 -0 1 1 0 1 0 0
Interest 2 4 6 6 8 7 7 8 8 7 6 6 7
Depreciation 1 2 2 2 2 1 2 2 3 3 4 5 6
Profit before tax 1 1 0 1 2 3 4 7 9 21 34 24 18
Tax % 33% 62% 30% 30% 12% 33% 34% 30% 23% 26% 26% 28%
1 1 0 0 2 2 3 5 7 16 25 17 13
EPS in Rs 0.20 0.15 0.07 0.10 0.41 0.52 0.62 1.14 1.53 3.41 5.50 3.71 2.85
Dividend Payout % 41% 55% 0% 0% 0% 0% 16% 9% 7% 4% 4% 5%
Compounded Sales Growth
10 Years: 15%
5 Years: 18%
3 Years: 21%
TTM: -28%
Compounded Profit Growth
10 Years: 30%
5 Years: 38%
3 Years: 35%
TTM: -33%
Stock Price CAGR
10 Years: 48%
5 Years: 61%
3 Years: 47%
1 Year: -11%
Return on Equity
10 Years: 21%
5 Years: 23%
3 Years: 26%
Last Year: 18%

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 Sep 2023
Equity Capital 4 4 4 4 4 4 5 5 5 5 5 5 5
Reserves 10 10 10 10 12 14 30 35 41 56 81 97 103
27 32 44 36 35 46 32 34 34 28 28 35 64
40 44 58 61 68 67 89 113 111 202 203 159 123
Total Liabilities 81 90 116 112 119 130 157 186 191 291 316 295 294
9 22 25 25 24 23 30 37 44 54 64 76 91
CWIP 11 3 1 1 0 1 0 0 6 0 1 4 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
61 65 91 86 94 106 127 149 141 236 250 215 204
Total Assets 81 90 116 112 119 130 157 186 191 291 316 295 294

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
2 8 -2 16 13 -4 11 16 21 23 25 21
-10 -9 -3 -0 -2 -1 -6 -10 -12 -7 -15 -19
8 1 5 -15 -9 4 -5 -7 -9 -15 -6 -3
Net Cash Flow -0 -0 -0 0 1 -0 -0 -0 -1 1 3 -1

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 76 64 75 62 61 91 86 79 82 112 65 54
Inventory Days 40 42 45 44 41 36 45 39 40 66 41 52
Days Payable 88 88 95 93 95 98 106 95 94 148 87 74
Cash Conversion Cycle 27 18 26 13 7 28 25 23 28 31 19 32
Working Capital Days 34 26 36 27 24 45 36 24 21 22 21 27
ROCE % 21% 17% 21% 13% 20% 17% 18% 22% 22% 33% 39% 24%

Shareholding Pattern

Numbers in percentages

13 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44%
0.00% 0.00% 1.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
45.56% 45.56% 44.17% 45.56% 45.56% 45.56% 45.58% 45.56% 45.57% 45.57% 45.56% 45.56%
No. of Shareholders 2,9664,8444,8024,7734,8277,88416,12417,74518,48318,63517,67616,052

* 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.

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