Saboo Sodium Chloro Ltd

Saboo Sodium Chloro Ltd

₹ 18.2 -1.52%
19 Apr - close price
About

Incorporated in 1993, Saboo Sodium Chloro Ltd is engaged in manufacturing and selling of Salt and is also engaged in Hotel Industry FMCG, Power Generation and Hospitality.

Key Points

Products and Services:
a) Salts:[1] Surya Salt, Tota Salt, Saboo Salt
b) Spices:[2] Turmeric powder, Red chili powder, Cumin seeds, Fennel powder, Coriander seeds, Fenugreek seeds, Mixed spices and others.
c) Guar Gum:[3] Company has set up a 500 TPM fast hydration Guar gum powder project in Nawa city and product is available in 25kg, 50 kg and 1 ton export-worthy bulk bags and jumbo bags
d) Renewable Energy:[4] Company has set up various Wind and Solar Energy projects
e) Turnkey Projects:[5] Company has developed salt iodization units on designs supplied by UNICEF and has expertise in the manufacture of turnkey projects
f) Ropeway Project:[6] Company is setting up Rajasthan’s first ropeway project between JalMahal and Nahargarh in Jaipur with the capacity to carry 4000-5000 passengers per hour
g) Hotels and Resorts:[7] Company is running a grand heritage hotel in Fort Auwa, Rajasthan. Company has also setup an exclusive 5 star Meditation and Yoga resort in Jaipur by the name of Samskara Spa and Resort. It is having 21 Premium villa accommodations, and 9 hotel units. Besides this, company has purchased 15 acres of land for resort in Pushkar. It also has plans to set up a Salt Spa and Resort in Sambhar Lake. Also in the pipeline is a resort on Delhi road.

  • Market Cap 76.2 Cr.
  • Current Price 18.2
  • High / Low 25.3 / 15.8
  • Stock P/E
  • Book Value 11.2
  • Dividend Yield 0.00 %
  • ROCE 4.37 %
  • ROE 0.19 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

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: -4.91%
  • The company has delivered a poor sales growth of 9.35% over past five years.
  • Company has a low return on equity of -0.58% over last 3 years.
  • Earnings include an other income of Rs.0.50 Cr.

* 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: FMCG Industry: Food - Processing - Indian

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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
10.19 8.78 44.67 10.88 12.76 10.97 11.49 12.92 12.33 12.62 11.79 9.51 11.52
8.66 8.51 36.13 8.06 11.52 20.21 8.94 10.31 9.59 17.16 10.27 8.50 8.50
Operating Profit 1.53 0.27 8.54 2.82 1.24 -9.24 2.55 2.61 2.74 -4.54 1.52 1.01 3.02
OPM % 15.01% 3.08% 19.12% 25.92% 9.72% -84.23% 22.19% 20.20% 22.22% -35.97% 12.89% 10.62% 26.22%
0.08 0.62 0.00 0.07 0.22 0.31 0.11 0.04 0.03 0.44 0.00 0.06 0.00
Interest 1.58 0.65 0.64 0.65 0.68 0.55 0.58 0.59 0.60 0.54 0.45 0.47 0.44
Depreciation 0.37 0.37 0.41 0.22 0.32 0.36 0.30 0.30 0.30 0.50 0.55 0.55 0.55
Profit before tax -0.34 -0.13 7.49 2.02 0.46 -9.84 1.78 1.76 1.87 -5.14 0.52 0.05 2.03
Tax % 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%
-0.33 -0.13 7.48 2.02 0.46 -9.83 1.78 1.75 1.86 -5.15 0.53 0.06 2.03
EPS in Rs -0.08 -0.03 1.78 0.48 0.11 -2.33 0.42 0.42 0.45 -1.23 0.13 0.01 0.48
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
12.74 15.99 17.83 19.13 21.54 21.91 23.22 26.81 28.27 22.03 65.36 36.30 45.44
11.03 12.08 13.25 13.63 16.44 16.84 18.14 24.08 24.18 17.99 61.99 32.91 44.43
Operating Profit 1.71 3.91 4.58 5.50 5.10 5.07 5.08 2.73 4.09 4.04 3.37 3.39 1.01
OPM % 13.42% 24.45% 25.69% 28.75% 23.68% 23.14% 21.88% 10.18% 14.47% 18.34% 5.16% 9.34% 2.22%
0.95 0.50 0.78 0.48 0.28 0.05 0.09 2.22 0.72 0.72 0.60 0.61 0.50
Interest 0.46 1.27 1.65 2.71 2.83 2.92 3.17 3.00 2.99 3.10 2.53 2.34 1.90
Depreciation 1.84 2.66 3.42 2.90 2.19 1.81 1.58 1.47 1.69 1.47 1.31 1.41 2.15
Profit before tax 0.36 0.48 0.29 0.37 0.36 0.39 0.42 0.48 0.13 0.19 0.13 0.25 -2.54
Tax % 8.33% 77.08% 172.41% -32.43% -163.89% 251.28% 50.00% 22.92% 15.38% 463.16% 76.92% 68.00%
0.33 0.11 -0.21 0.49 0.95 -0.58 0.21 0.37 0.11 -0.69 0.02 0.09 -2.53
EPS in Rs 0.15 0.04 -0.06 0.15 0.28 -0.14 0.05 0.09 0.03 -0.16 0.00 0.02 -0.61
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 9%
TTM: -5%
Compounded Profit Growth
10 Years: -4%
5 Years: -20%
3 Years: -14%
TTM: 43%
Stock Price CAGR
10 Years: 13%
5 Years: 26%
3 Years: 54%
1 Year: 4%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: -1%
Last Year: 0%

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 12.93 15.18 19.18 19.18 19.18 19.18 24.18 24.18 24.18 24.18 24.18 42.00 42.00
Reserves 2.30 1.37 1.56 2.09 3.05 7.46 4.43 4.80 4.90 4.21 4.24 4.32 4.91
11.00 18.13 15.61 19.66 21.83 23.23 29.54 26.55 25.56 28.28 23.72 17.27 17.11
4.01 10.38 6.14 7.18 6.63 6.56 7.80 5.83 7.01 6.01 5.62 5.25 8.53
Total Liabilities 30.24 45.06 42.49 48.11 50.69 56.43 65.95 61.36 61.65 62.68 57.76 68.84 72.55
17.29 22.49 21.42 19.10 17.27 15.76 15.62 18.31 16.89 15.44 14.66 19.27 18.73
CWIP 2.39 5.98 4.77 4.91 5.05 5.07 8.22 4.77 4.77 4.77 4.77 0.00 0.00
Investments 1.27 3.05 5.10 2.11 1.25 1.33 1.58 1.58 1.42 1.42 1.17 1.26 2.72
9.29 13.54 11.20 21.99 27.12 34.27 40.53 36.70 38.57 41.05 37.16 48.31 51.10
Total Assets 30.24 45.06 42.49 48.11 50.69 56.43 65.95 61.36 61.65 62.68 57.76 68.84 72.55

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
0.60 9.03 -2.36 1.60 0.00 0.13 1.28 7.94 4.07 -4.04 1.85 -2.37
-0.92 -16.24 2.05 -2.81 0.00 -3.84 -6.54 -2.00 -0.05 4.49 -0.61 -1.15
0.46 7.14 0.35 1.43 0.00 3.70 5.26 -5.95 -3.89 -0.32 0.58 11.22
Net Cash Flow 0.14 -0.07 0.04 0.23 0.00 -0.01 0.00 0.00 0.14 0.14 1.82 7.71

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 12.61 15.29 41.15 102.84 136.24 142.77 146.50 85.91 84.31 189.71 72.26 113.72
Inventory Days 189.47 217.25 226.93 921.12 426.47 855.42 1,047.25 432.76 546.46 1,057.43 218.32 307.55
Days Payable 194.39 527.78 179.24 681.14 226.34 260.71 322.48 84.40 135.31 125.84 42.60 37.18
Cash Conversion Cycle 7.68 -295.24 88.84 342.82 336.37 737.48 871.27 434.27 495.46 1,121.29 247.99 384.09
Working Capital Days 139.81 68.71 105.63 273.03 335.85 465.79 519.36 425.31 378.30 557.86 155.14 315.23
ROCE % 3.20% 5.75% 5.46% 7.95% 7.51% 7.05% 6.65% 6.10% 5.66% 5.89% 4.85% 4.37%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.51% 55.51% 46.88% 45.67% 45.67% 48.59% 48.59% 48.59% 48.59% 48.59% 47.96% 43.05%
0.14% 0.14% 0.14% 0.14% 0.14% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.00%
44.35% 44.35% 52.97% 54.18% 54.18% 51.32% 51.34% 51.33% 51.32% 51.32% 51.96% 56.95%
No. of Shareholders 5,1706,3067,4287,9818,0908,7738,9709,3679,2219,94610,2501,53,47,724

* 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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