Narmada Gelatines Ltd

About [ edit ]

Narmada Gelatines is engaged in the manufacture and sale of Ossein and Gelatine.

  • Market Cap 106 Cr.
  • Current Price 175
  • High / Low 208 / 111
  • Stock P/E 11.2
  • Book Value 234
  • Dividend Yield 5.71 %
  • ROCE 10.5 %
  • ROE 7.39 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.75 times its book value
  • Stock is providing a good dividend yield of 5.71%.
  • Company has been maintaining a healthy dividend payout of 45.74%

Cons

  • The company has delivered a poor sales growth of 0.02% over past five years.
  • Company has a low return on equity of 5.94% for last 3 years.
  • Earnings include an other income of Rs.5.91 Cr.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
29.73 31.13 26.82 34.03 33.71 34.25 33.08 32.52 34.40 25.67 30.56 38.37
28.75 29.36 26.13 30.94 30.08 30.00 29.56 29.35 31.21 23.33 28.95 37.16
Operating Profit 0.98 1.77 0.69 3.09 3.63 4.25 3.52 3.17 3.19 2.34 1.61 1.21
OPM % 3.30% 5.69% 2.57% 9.08% 10.77% 12.41% 10.64% 9.75% 9.27% 9.12% 5.27% 3.15%
Other Income 0.20 0.31 1.11 2.21 1.83 1.51 1.40 1.74 0.91 2.28 1.03 1.69
Interest 0.01 0.02 0.02 0.03 0.01 0.03 0.05 0.06 0.34 0.05 0.04 0.02
Depreciation 0.30 0.31 0.33 0.33 0.34 0.33 0.34 0.34 0.36 0.36 0.36 0.37
Profit before tax 0.87 1.75 1.45 4.94 5.11 5.40 4.53 4.51 3.40 4.21 2.24 2.51
Tax % -91.95% 26.29% 22.76% 23.28% 24.07% 32.22% 2.65% 53.88% 19.41% 20.19% 31.25% 27.09%
Net Profit 1.67 1.29 1.12 3.79 3.88 3.66 4.41 2.08 2.74 3.36 1.54 1.83
EPS in Rs 2.76 2.13 1.85 6.26 6.41 6.05 7.29 3.44 4.53 5.55 2.55 3.02

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
68 83 91 107 122 130 134 131 113 118 126 134 129
58 71 76 91 100 106 113 120 109 112 116 120 121
Operating Profit 10 13 15 15 22 24 21 11 4 5 9 14 8
OPM % 15% 15% 16% 14% 18% 19% 16% 8% 3% 4% 7% 11% 6%
Other Income 1 1 1 3 2 3 4 3 6 4 5 6 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 2 2 2 2 2 1 1 1 1 1 1 1
Profit before tax 10 12 14 16 22 25 23 13 8 8 13 18 12
Tax % 41% 33% 33% 31% 29% 35% 34% 36% 27% 5% 24% 28%
Net Profit 6 8 9 11 15 16 16 8 6 8 10 13 9
EPS in Rs 9.77 13.63 15.78 18.43 25.67 27.10 25.62 13.70 10.10 13.29 16.63 21.29 15.65
Dividend Payout % 17% 15% 17% 16% 13% 12% 14% 29% 40% 30% 60% 47%
Compounded Sales Growth
10 Years:5%
5 Years:0%
3 Years:6%
TTM:-3%
Compounded Profit Growth
10 Years:2%
5 Years:-7%
3 Years:42%
TTM:-33%
Stock Price CAGR
10 Years:11%
5 Years:5%
3 Years:7%
1 Year:35%
Return on Equity
10 Years:10%
5 Years:6%
3 Years:6%
Last Year:7%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
4 4 4 4 4 4 6 6 6 6 6 6 6
Reserves 38 45 52 61 74 88 98 103 112 118 125 130 135
Borrowings 2 0 1 2 0 2 1 2 0 0 2 0 1
12 12 13 16 14 16 15 17 21 16 22 24 20
Total Liabilities 57 62 70 83 92 109 120 128 140 140 155 161 162
20 21 21 23 25 24 23 23 22 25 24 26 25
CWIP 1 0 0 1 1 0 0 0 0 0 1 2 4
Investments 0 6 6 4 13 25 27 34 45 53 68 65 50
36 35 43 55 54 61 70 72 73 62 61 69 83
Total Assets 57 62 70 83 92 109 120 128 140 140 155 161 162

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
5 8 4 5 15 10 6 7 7 9 12 5
-3 -6 -2 -1 -10 -10 -0 -7 -2 -2 -5 -4
-2 -3 -1 -0 -4 -1 -3 -2 -5 -3 -1 -9
Net Cash Flow 0 -2 1 4 1 -1 3 -2 0 4 6 -8

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 24% 26% 26% 24% 29% 28% 21% 12% 4% 5% 7% 11%
Debtor Days 57 54 53 48 38 40 41 47 52 59 56 55
Inventory Turnover 3.08 4.28 4.23 3.47 3.24 3.07 2.69 2.69 2.45 2.78 3.33 3.16

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
24.99 24.99 24.99 24.99 24.99 24.99 24.99 24.99 24.99 24.99 24.99 24.99

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