Choksi Imaging Ltd

Choksi Imaging Ltd

₹ 69.5 1.19%
24 Apr 1:44 p.m.
About

Incorporated in 1992, Choksi Imaging Ltd manufactures and trades X-ray films that find application in medical imaging. In addition, it is engaged in the trading of various items used in the healthcare industry.

Key Points

Product Portfolio:[1]
a) Ultrasound and Color Doppler[2]
b) X-Ray Films & Chemicals[3]
c) X-Ray Accessories[4]
d) NDT[5]

  • Market Cap 27.1 Cr.
  • Current Price 69.5
  • High / Low 92.0 / 44.0
  • Stock P/E
  • Book Value 38.5
  • Dividend Yield 0.00 %
  • ROCE -2.79 %
  • ROE -3.05 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -49.3% over past five years.
  • Company has a low return on equity of 0.65% over last 3 years.
  • Contingent liabilities of Rs.17.2 Cr.
  • Company has high debtors of 180 days.
  • Working capital days have increased from 939 days to 2,361 days

* 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.

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Quarterly Results

Figures in Rs. Crores

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
2.55 2.70 0.88 0.27 0.58 0.43 0.37 0.08 0.04 0.28 0.40 0.55 0.16
3.28 3.29 1.56 0.62 0.79 0.88 0.74 0.49 0.53 0.45 0.77 1.15 0.63
Operating Profit -0.73 -0.59 -0.68 -0.35 -0.21 -0.45 -0.37 -0.41 -0.49 -0.17 -0.37 -0.60 -0.47
OPM % -28.63% -21.85% -77.27% -129.63% -36.21% -104.65% -100.00% -512.50% -1,225.00% -60.71% -92.50% -109.09% -293.75%
2.54 0.48 0.15 0.85 0.04 0.31 0.22 0.30 0.40 0.24 0.38 0.17 0.24
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Profit before tax 1.77 -0.15 -0.57 0.46 -0.21 -0.18 -0.19 -0.15 -0.13 0.03 -0.03 -0.47 -0.27
Tax % 44.07% 13.33% 3.51% -2.17% 4.76% 11.11% -15.79% -13.33% 7.69% -33.33% 0.00% 0.00% 0.00%
0.99 -0.14 -0.55 0.46 -0.20 -0.17 -0.22 -0.17 -0.12 0.04 -0.03 -0.47 -0.27
EPS in Rs 2.54 -0.36 -1.41 1.18 -0.51 -0.44 -0.56 -0.44 -0.31 0.10 -0.08 -1.21 -0.69
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
184.26 229.66 170.21 108.03 45.96 27.26 23.08 17.33 16.00 11.38 2.46 0.77 1.39
178.74 225.16 172.79 106.19 43.40 26.31 21.77 17.75 17.42 12.85 3.92 2.21 3.00
Operating Profit 5.52 4.50 -2.58 1.84 2.56 0.95 1.31 -0.42 -1.42 -1.47 -1.46 -1.44 -1.61
OPM % 3.00% 1.96% -1.52% 1.70% 5.57% 3.48% 5.68% -2.42% -8.88% -12.92% -59.35% -187.01% -115.83%
0.24 0.25 0.06 0.07 0.40 0.43 0.74 1.64 1.06 4.36 1.14 1.16 1.03
Interest 3.29 3.78 3.29 1.56 0.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.59 0.61 0.60 0.44 0.41 0.39 0.22 0.21 0.17 0.19 0.17 0.16 0.16
Profit before tax 1.88 0.36 -6.41 -0.09 2.18 0.99 1.83 1.01 -0.53 2.70 -0.49 -0.44 -0.74
Tax % 32.45% 36.11% -0.94% 577.78% 0.92% 22.22% 30.05% 14.85% -5.66% 29.26% 12.24% -6.82%
1.27 0.23 -6.46 0.42 2.17 0.77 1.29 0.86 -0.56 1.91 -0.42 -0.48 -0.73
EPS in Rs 3.26 0.59 -16.56 1.08 5.56 1.97 3.31 2.21 -1.44 4.90 -1.08 -1.23 -1.88
Dividend Payout % 30.71% 84.78% 0.00% 46.43% 17.97% 37.99% 22.67% 22.67% 0.00% 51.05% 0.00% 0.00%
Compounded Sales Growth
10 Years: -43%
5 Years: -49%
3 Years: -64%
TTM: 51%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 5%
TTM: -7%
Stock Price CAGR
10 Years: 19%
5 Years: 36%
3 Years: 47%
1 Year: 42%
Return on Equity
10 Years: -1%
5 Years: 1%
3 Years: 1%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

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 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90
Reserves 15.25 15.25 8.78 8.31 10.01 10.99 11.92 12.42 11.62 13.53 12.09 11.62 11.12
34.18 32.65 17.65 6.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
54.03 51.15 23.63 17.09 22.45 20.80 20.88 20.91 20.08 3.79 2.42 2.53 2.50
Total Liabilities 107.36 102.95 53.96 35.73 36.36 35.69 36.70 37.23 35.60 21.22 18.41 18.05 17.52
10.87 10.40 10.10 8.81 8.50 8.03 7.81 7.51 7.34 6.12 5.95 5.79 5.71
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 3.87 7.49 5.36 2.93 6.87 0.78 3.35 0.00 0.00
96.49 92.55 43.86 26.92 23.99 20.17 23.53 26.79 21.39 14.32 9.11 12.26 11.81
Total Assets 107.36 102.95 53.96 35.73 36.36 35.69 36.70 37.23 35.60 21.22 18.41 18.05 17.52

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-4.36 1.41 15.67 10.64 7.93 1.65 5.49 2.42 -2.52 -8.91 -0.56 -2.52
-2.69 -0.14 -0.30 -0.12 -0.17 -0.01 0.00 0.58 -0.01 8.05 -2.49 3.35
6.22 -1.75 -15.01 -11.45 -6.90 0.00 -0.35 -0.35 -0.24 0.00 -0.98 0.00
Net Cash Flow -0.83 -0.48 0.36 -0.94 0.86 1.65 5.14 2.64 -2.77 -0.85 -4.02 0.83

Ratios

Figures in Rs. Crores

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 62.00 68.47 49.43 32.77 63.45 78.86 106.43 103.41 107.68 32.07 89.02 180.13
Inventory Days 121.49 75.32 33.90 46.51 101.48 125.37 89.13 155.93 112.84 34.47 71.32 1,971.00
Days Payable 115.04 81.57 44.60 53.76 209.89 350.06 406.96 502.85 531.07 44.81 27.27 87.60
Cash Conversion Cycle 68.45 62.22 38.73 25.52 -44.96 -145.82 -211.39 -243.51 -310.55 21.73 133.08 2,063.53
Working Capital Days 79.63 62.75 38.73 25.78 -12.31 -74.85 -114.50 -139.43 -178.17 75.69 381.32 2,360.65
ROCE % 10.42% 7.88% -7.60% 6.00% 15.67% 6.53% 9.64% 5.66% -3.33% 10.44% -2.93% -2.79%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
41.29% 38.51% 63.24% 63.24% 63.24% 63.37% 63.44% 63.44% 63.44% 63.44% 63.44% 63.44%
58.71% 61.49% 36.76% 36.76% 36.76% 36.64% 36.56% 36.55% 36.56% 36.55% 36.55% 36.55%
No. of Shareholders 2,1532,7473,5353,5663,5643,3823,2263,1833,0333,0293,0553,100

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