India Gelatine & Chemicals Ltd
Incorporated in 1973, India Gelatine & Chemicals Ltd is engaged in manufacturing and export of Ossein, Di-Calcium Phosphate (DCP)& Gelatine.
- Market Cap ₹ 281 Cr.
- Current Price ₹ 396
- High / Low ₹ 450 / 306
- Stock P/E 16.1
- Book Value ₹ 242
- Dividend Yield 2.78 %
- ROCE 13.8 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 24.0% CAGR over last 5 years
- Promoter holding has increased by 14.1% over last quarter.
Cons
- The company has delivered a poor sales growth of 8.52% over past five years.
- Earnings include an other income of Rs.7.67 Cr.
- Working capital days have increased from 99.4 days to 147 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.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
120 | 115 | 93 | 74 | 98 | 112 | 132 | 144 | 160 | 205 | 206 | 199 | |
105 | 109 | 89 | 74 | 96 | 107 | 124 | 135 | 152 | 172 | 171 | 177 | |
Operating Profit | 15 | 6 | 4 | 1 | 2 | 5 | 7 | 9 | 8 | 33 | 35 | 21 |
OPM % | 13% | 5% | 5% | 1% | 2% | 5% | 6% | 6% | 5% | 16% | 17% | 11% |
3 | 7 | 5 | 6 | 4 | 4 | 3 | 4 | 4 | 3 | 8 | 8 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
Depreciation | 5 | 5 | 5 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 6 |
Profit before tax | 12 | 7 | 5 | 3 | 3 | 6 | 6 | 9 | 7 | 32 | 37 | 23 |
Tax % | 35% | 14% | 23% | -5% | 16% | -1% | 16% | 23% | 24% | 25% | 24% | 23% |
8 | 6 | 4 | 3 | 2 | 6 | 5 | 7 | 6 | 24 | 28 | 17 | |
EPS in Rs | 8.57 | 6.62 | 3.89 | 3.37 | 3.19 | 8.11 | 7.56 | 10.02 | 7.91 | 33.70 | 40.03 | 24.52 |
Dividend Payout % | 21% | 23% | 23% | 27% | 63% | 43% | 20% | 25% | 32% | 10% | 2% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 9% |
3 Years: | 7% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 24% |
3 Years: | 53% |
TTM: | -31% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 32% |
3 Years: | 52% |
1 Year: | 0% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 12% |
3 Years: | 15% |
Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 105 | 109 | 112 | 115 | 92 | 95 | 97 | 103 | 108 | 129 | 147 | 164 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 8 | 6 | |
34 | 35 | 35 | 17 | 17 | 14 | 19 | 17 | 22 | 33 | 22 | 17 | |
Total Liabilities | 148 | 154 | 157 | 141 | 115 | 116 | 124 | 127 | 136 | 180 | 184 | 195 |
49 | 47 | 45 | 44 | 42 | 42 | 43 | 40 | 41 | 60 | 69 | 68 | |
CWIP | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 4 | 2 | 1 |
Investments | 13 | 13 | 7 | 36 | 30 | 30 | 28 | 34 | 33 | 43 | 44 | 55 |
85 | 93 | 104 | 60 | 43 | 44 | 53 | 52 | 62 | 73 | 70 | 71 | |
Total Assets | 148 | 154 | 157 | 141 | 115 | 116 | 124 | 127 | 136 | 180 | 184 | 195 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1 | 17 | 4 | -4 | 15 | 5 | 7 | 6 | 9 | 18 | 18 | 21 | |
2 | 3 | 8 | -27 | -19 | -1 | -3 | -6 | -8 | -21 | -8 | -17 | |
-3 | -2 | -2 | -1 | -1 | -2 | -3 | -1 | -2 | 7 | -13 | -4 | |
Net Cash Flow | -2 | 18 | 10 | -32 | -5 | 2 | 1 | -1 | -1 | 3 | -3 | -0 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 19 | 12 | 24 | 22 | 17 | 17 | 18 | 24 | 26 | 25 | 22 | 22 |
Inventory Days | 208 | 198 | 187 | 365 | 209 | 180 | 178 | 129 | 130 | 176 | 182 | 136 |
Days Payable | 29 | 19 | 22 | 54 | 48 | 23 | 52 | 25 | 36 | 60 | 35 | 19 |
Cash Conversion Cycle | 198 | 191 | 189 | 333 | 178 | 175 | 144 | 127 | 120 | 140 | 169 | 139 |
Working Capital Days | 149 | 111 | 139 | 206 | 112 | 102 | 90 | 95 | 95 | 70 | 81 | 147 |
ROCE % | 11% | 3% | 2% | 1% | 2% | 6% | 7% | 7% | 6% | 24% | 22% | 14% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual Secretarial Compliance Report filed for year ended 31 March 2025 as per SEBI regulations.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 May - Newspapers advertisement published with regards to Postal Ballot Notice to shareholders.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
26 May - Postal ballot for appointment of 3 directors including Executive Director with Rs.1 Cr annual pay.
-
Corporate Action-Board approves Dividend
23 May - Approved FY25 audited results; recommended 50% final dividend; director and auditor appointments.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Statement of Audited Financial Results for the 4th quarter and year ended 31st March 2025 were published in Financial Express (Gujarati) and Indian Express (English) …
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Product Portfolio:[1]
a) Edible Gelatine: Being odorless & tasteless, Company's Gelatine can be mixed in any foodstuff.
b) Photographic Gelatine: This kind of gelatine has an ability to form a solution when heated and then come back to jelly form when cooled and to remain durable after water has been removed making it very useful for photographic industry.
c) Technical Gelatine: It is a good clarifying agent used in metal electrolysis. Gelatine strengthens nails and promotes hair growth therefore it is used in cosmetic industry. Also, match box industry utilizes its thickening & foaming properties to make match heads.
d) Pharmaceutical Gelatine: It is ideal for manufacture of hard & soft shell gelatine capsules. It is also used to treat wounds & as life saving blood plasma substitute.