Natraj Proteins Ltd

₹ 54.0 1.22%
03 Feb - close price
About

Natraj Proteins Ltd is an India-based company engaged in the manufacturing of vegetable oils and fats through solvent extraction process. [1]

Key Points

Product Portfolio
The company is primarily engaged in processing of oil seeds and refining of soya crude oil for edible use. It also processes oil meal, food products from soya and value-added products. It is also engaged in trading of cereals like rice, wheat, maize, mustard, agri equipment, etc.[1]

  • Market Cap 20.2 Cr.
  • Current Price 54.0
  • High / Low 176 / 52.0
  • Stock P/E
  • Book Value 120
  • Dividend Yield 0.00 %
  • ROCE 21.4 %
  • ROE 22.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.45 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.36%
  • The company has delivered a poor sales growth of -11.0% over past five years.
  • Company has a low return on equity of 8.99% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
24.80 69.24 37.08 23.83 29.18 46.43 46.78 28.39 34.88 49.04 32.41 22.33 30.31
23.74 67.77 36.40 24.72 30.69 43.34 44.40 19.19 26.04 48.45 36.87 21.60 30.56
Operating Profit 1.06 1.47 0.68 -0.89 -1.51 3.09 2.38 9.20 8.84 0.59 -4.46 0.73 -0.25
OPM % 4.27% 2.12% 1.83% -3.73% -5.17% 6.66% 5.09% 32.41% 25.34% 1.20% -13.76% 3.27% -0.82%
0.02 0.00 0.01 0.02 0.02 0.02 0.05 0.13 0.02 0.04 0.07 0.02 0.02
Interest 0.96 0.73 0.87 0.68 0.26 0.43 0.43 0.31 0.11 0.13 0.52 0.50 0.23
Depreciation 0.15 0.15 0.16 0.15 0.05 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
Profit before tax -0.03 0.59 -0.34 -1.70 -1.80 2.58 1.90 8.92 8.65 0.40 -5.01 0.15 -0.56
Tax % 33.33% 20.34% 26.47% 0.00% 0.00% 0.00% 30.53% 25.22% 22.43% 20.00% 14.37% 33.33% -3.57%
Net Profit -0.03 0.47 -0.25 -1.70 -1.80 2.58 1.32 6.67 6.71 0.32 -4.29 0.10 -0.58
EPS in Rs -0.08 1.25 -0.67 -4.54 -4.80 6.89 3.52 17.80 17.91 0.85 -11.45 0.27 -1.55
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
189 220 317 364 302 201 258 196 191 154 146 145 134
184 211 297 348 296 203 254 189 185 150 143 130 137
Operating Profit 5 10 20 15 6 -2 4 6 6 5 3 14 -3
OPM % 3% 4% 6% 4% 2% -1% 2% 3% 3% 3% 2% 10% -3%
1 0 0 0 1 1 1 0 0 0 0 0 0
Interest 2 4 3 3 5 3 4 4 4 4 2 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 0 0 0
Profit before tax 2 5 16 12 2 -5 0 2 1 0 1 13 -5
Tax % 33% 35% 34% 33% 11% 0% 25% 10% 16% -3% 59% 28%
Net Profit 2 4 11 8 2 -5 0 2 1 0 0 9 -4
EPS in Rs 9.45 28.98 21.64 4.06 -14.17 0.61 4.30 3.07 0.91 1.04 24.98 -11.88
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: -11%
3 Years: -9%
TTM: -14%
Compounded Profit Growth
10 Years: 10%
5 Years: 110%
3 Years: 101%
TTM: -126%
Stock Price CAGR
10 Years: 5%
5 Years: 8%
3 Years: 34%
1 Year: -68%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 9%
Last Year: 23%

Balance Sheet

Figures in Rs. Crores

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 4 4 4 4 4 4
Reserves 11 15 26 34 34 29 29 31 32 32 32 42 41
34 50 41 51 43 19 19 54 31 31 22 27 18
11 7 8 10 15 19 14 18 6 4 10 3 5
Total Liabilities 61 76 79 99 95 71 65 106 72 71 68 76 68
9 9 9 9 6 5 4 4 4 3 3 4 4
CWIP 0 0 1 1 2 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 1 1
51 67 69 89 87 66 61 102 69 68 66 71 63
Total Assets 61 76 79 99 95 71 65 106 72 71 68 76 68

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-25 -11 30 -13 25 9 3 -37 30 2 9 6
-0 -2 -2 -0 -2 4 -2 3 2 0 -0 -3
25 12 -12 7 -13 -27 -4 31 -28 -4 -10 2
Net Cash Flow -0 -0 16 -7 10 -14 -3 -3 4 -2 -2 5

Ratios

Figures in Rs. Crores

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 11 7 6 7 16 10 16 27 38 42 37 43
Inventory Days 84 110 52 75 58 85 55 174 87 108 122 119
Days Payable 13 2 1 5 15 24 16 32 8 5 20 3
Cash Conversion Cycle 81 115 57 77 59 71 55 168 117 145 139 159
Working Capital Days 73 95 49 66 57 67 53 151 109 141 129 141
ROCE % 14% 16% 28% 19% 7% -3% 8% 9% 7% 6% 4% 21%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
53.06 53.06 53.06 53.06 53.06 52.26 50.51 48.91 48.91 48.27 46.87 45.51
1.90 1.90 1.90 1.90 1.90 1.90 1.90 1.93 1.93 1.93 1.93 1.93
45.03 45.03 45.03 45.03 45.03 45.84 47.59 49.15 49.15 49.80 51.21 52.57

* 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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