India Gelatine & Chemicals Ltd
₹ 376
-0.61%
31 Jul
- 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
- Market Cap ₹ 267 Cr.
- Current Price ₹ 376
- High / Low ₹ 418 / 295
- Stock P/E 12.8
- Book Value ₹ 273
- Dividend Yield 1.59 %
- ROCE 15.9 %
- ROE 11.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 21.6%
Cons
- The company has delivered a poor sales growth of 3.37% over past five years.
- Company has a low return on equity of 12.2% over last 3 years.
* 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
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Quarterly Results
Figures in Rs. Crores
Upcoming result date: 10 August 2026
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 115 | 93 | 74 | 98 | 112 | 132 | 144 | 160 | 205 | 206 | 199 | 170 | |
| 109 | 89 | 74 | 96 | 107 | 124 | 135 | 152 | 172 | 171 | 177 | 141 | |
| Operating Profit | 6 | 4 | 1 | 2 | 5 | 7 | 9 | 8 | 33 | 35 | 21 | 29 |
| OPM % | 5.0% | 4.8% | 0.8% | 1.6% | 4.9% | 6% | 6% | 4.8% | 16% | 17% | 11% | 17% |
| 7 | 5 | 6 | 4 | 4 | 3 | 4 | 4 | 3 | 8 | 8 | 8 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Depreciation | 5 | 5 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 6 | 5 |
| Profit before tax | 7 | 5 | 3 | 3 | 6 | 6 | 9 | 7 | 32 | 37 | 23 | 33 |
| Tax % | 14% | 23% | -5% | 16% | -1% | 16% | 23% | 24% | 25% | 24% | 23% | 23% |
| 6 | 4 | 3 | 2 | 6 | 5 | 7 | 6 | 24 | 28 | 17 | 25 | |
| EPS in Rs | 6.62 | 3.89 | 3.37 | 3.19 | 8.11 | 7.56 | 10.02 | 7.91 | 33.70 | 40.03 | 24.52 | 35.39 |
| Dividend Payout % | 23% | 23% | 27% | 63% | 43% | 20% | 25% | 32% | 15% | 27% | 20% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 3% |
| 3 Years: | -6% |
| TTM: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 29% |
| 3 Years: | -3% |
| TTM: | 56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 17% |
| 3 Years: | 2% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 109 | 112 | 115 | 92 | 95 | 97 | 103 | 108 | 129 | 147 | 164 | 186 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 8 | 6 | 4 | |
| 35 | 35 | 17 | 17 | 14 | 19 | 17 | 22 | 33 | 22 | 17 | 19 | |
| Total Liabilities | 154 | 157 | 141 | 115 | 116 | 124 | 127 | 136 | 180 | 184 | 195 | 217 |
| 47 | 45 | 44 | 42 | 42 | 43 | 40 | 41 | 60 | 69 | 68 | 61 | |
| CWIP | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 4 | 2 | 1 | 20 |
| Investments | 13 | 7 | 36 | 30 | 30 | 28 | 34 | 33 | 43 | 44 | 55 | 66 |
| 93 | 104 | 60 | 43 | 44 | 53 | 52 | 62 | 73 | 70 | 71 | 70 | |
| Total Assets | 154 | 157 | 141 | 115 | 116 | 124 | 127 | 136 | 180 | 184 | 195 | 217 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17 | 4 | -4 | 15 | 5 | 7 | 6 | 9 | 18 | 18 | 21 | 28 | |
| 3 | 8 | -27 | -19 | -1 | -3 | -6 | -8 | -21 | -8 | -17 | -23 | |
| -2 | -2 | -1 | -1 | -2 | -3 | -1 | -2 | 7 | -13 | -4 | -7 | |
| Net Cash Flow | 18 | 10 | -32 | -5 | 2 | 1 | -1 | -1 | 3 | -3 | -0 | -2 |
| Free Cash Flow | 17 | 1 | -7 | 14 | 2 | 2 | 5 | 4 | -6 | 5 | 9 | 20 |
| CFO/OP | 320% | 136% | -675% | 971% | 105% | 136% | 81% | 146% | 70% | 79% | 120% | 125% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 12 | 24 | 22 | 17 | 17 | 18 | 24 | 26 | 25 | 22 | 22 | 21 |
| Inventory Days | 198 | 187 | 365 | 209 | 180 | 178 | 129 | 130 | 176 | 182 | 136 | 182 |
| Days Payable | 19 | 22 | 54 | 48 | 23 | 52 | 25 | 36 | 60 | 35 | 19 | 20 |
| Cash Conversion Cycle | 191 | 189 | 333 | 178 | 175 | 144 | 127 | 120 | 140 | 169 | 139 | 183 |
| Working Capital Days | 111 | 139 | 206 | 112 | 102 | 90 | 95 | 95 | 66 | 77 | 78 | 82 |
| ROCE % | 3% | 2% | 1% | 2% | 6% | 7% | 7% | 6% | 24% | 22% | 12% | 16% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Export Revenue Share % of total revenue |
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| Electricity Consumption per MT of Gelatine KWH/MT |
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| Furnace Oil Consumption per MT of Gelatine Kgs/MT |
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| Natural Gas Consumption per MT of Gelatine SM3/MT |
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| Revenue from Customers Contributing >=10% of Product Sales % of total revenue |
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| DCP Revenue Share % of product sales |
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| Gelatine Revenue Share % of product sales |
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| Ossein Revenue Share % of product sales |
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Documents
Announcements
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Dispatch Of Letter To Shareholders Whose E-Mail Addresses Are Not Registered With Company/Registrar & Transfer Agent/Depository Participants.
1d - 54th AGM on 25 August 2026; annual report FY2025-26 shared with shareholders without registered email.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Advertisements published in newspapers regarding transfer of equity share to IEPF Authority in respect of dividend remained unclaimed for a period of 7 years …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Notice of 54th Annual General Meeting (AGM) published in today''s newspapers in Financial Express (English & Gujarati) informing members about 54th AGM & Annual Report …
- Reg. 34 (1) Annual Report. 29 Jul
- Notice Of 54Th Annual General Meeting Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015. 29 Jul
Annual reports
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Financial Year 2026
from bse
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Product Mix and Market Exposure:[1]
The company manufactures gelatine,
Di-Calcium Phosphate (DCP), ossein
and fish collagen. In FY25, gelatine
contributed 66% of product sales,
DCP 23%, ossein 10.8%, while fish
collagen remained only 0.2%—indicating
that the earlier Everpure marine collagen
launch has not yet become a meaningful
revenue stream.
About 60% of revenue came from outside India, with the Far East being the largest export region; customers contributing at least 10% each have collectively accounted for 34.2% of product sales, creating exposure to export pricing, currency and customer concentration.[2]