India Gelatine & Chemicals Ltd

India Gelatine & Chemicals Ltd

₹ 396 1.98%
11 Jun - close price
About

Incorporated in 1973, India Gelatine & Chemicals Ltd is engaged in manufacturing and export of Ossein, Di-Calcium Phosphate (DCP)& Gelatine.

Key Points

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.

  • 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
52.37 44.92 47.33 56.39 56.55 58.04 48.73 47.85 51.21 50.09 42.71 52.56 53.16
47.55 40.45 41.62 46.11 43.59 45.64 41.15 40.27 43.76 44.24 39.01 48.45 45.65
Operating Profit 4.82 4.47 5.71 10.28 12.96 12.40 7.58 7.58 7.45 5.85 3.70 4.11 7.51
OPM % 9.20% 9.95% 12.06% 18.23% 22.92% 21.36% 15.56% 15.84% 14.55% 11.68% 8.66% 7.82% 14.13%
0.68 0.53 0.53 1.19 0.90 2.14 1.91 2.54 1.65 2.32 1.87 1.68 1.80
Interest 0.14 0.05 0.07 0.26 0.27 0.12 0.20 0.13 0.28 0.17 0.11 0.12 0.28
Depreciation 0.92 0.92 0.93 1.03 0.97 1.17 1.19 1.18 1.72 1.34 1.36 1.42 1.38
Profit before tax 4.44 4.03 5.24 10.18 12.62 13.25 8.10 8.81 7.10 6.66 4.10 4.25 7.65
Tax % 27.25% 28.54% 22.71% 24.66% 26.23% 24.30% 31.85% 11.46% 29.30% 24.32% 24.63% 16.00% 25.49%
3.23 2.88 4.04 7.67 9.31 10.04 5.52 7.81 5.02 5.04 3.09 3.56 5.71
EPS in Rs 4.55 4.06 5.70 10.81 13.13 14.16 7.78 11.01 7.08 7.11 4.36 5.02 8.05
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
61.38% 61.38% 61.42% 61.43% 61.43% 61.43% 61.43% 61.43% 61.43% 61.43% 47.33% 61.48%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.62%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.03% 0.79%
38.61% 38.61% 38.56% 38.54% 38.56% 38.54% 38.56% 38.56% 38.54% 38.54% 52.64% 37.10%
No. of Shareholders 4,7655,0855,0375,0975,4995,7426,2337,1507,1617,1807,0006,517

* 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.

Click on the line-items to see the names of individual entities.

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