Chemiesynth (Vapi) Ltd

Chemiesynth (Vapi) Ltd

₹ 34.1 4.98%
13 May 2024
About

Chemiesynth (Vapi) is a custom manufacturing for leading Agrochemical, Pharmaceutical and Specialty Chemical Companies.(Source : 201903 Annual Report Page No:28)

Key Points

About[1]
The company is into manufacturing chemical dyes and specialty intermediates for leading agrochemical and pharmaceutical companies in India.

  • Market Cap 10.5 Cr.
  • Current Price 34.1
  • High / Low 34.1 / 21.0
  • Stock P/E
  • Book Value 36.9
  • Dividend Yield 0.00 %
  • ROCE 0.96 %
  • ROE -3.38 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.92 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.97% over past five years.
  • Company has a low return on equity of 6.83% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
6.73 6.08 10.04 7.34 4.54 4.43 7.12 4.85 4.39 4.37 3.22 4.45
5.39 5.01 8.39 6.96 4.76 3.94 5.78 3.89 4.48 3.00 3.31 4.10
Operating Profit 1.34 1.07 1.65 0.38 -0.22 0.49 1.34 0.96 -0.09 1.37 -0.09 0.35
OPM % 19.91% 17.60% 16.43% 5.18% -4.85% 11.06% 18.82% 19.79% -2.05% 31.35% -2.80% 7.87%
0.00 0.01 0.00 0.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Interest 0.09 0.12 0.14 0.12 0.11 0.16 0.15 0.16 0.12 0.21 0.11 0.26
Depreciation 0.21 0.23 0.24 0.37 0.27 0.27 0.30 0.33 0.30 0.32 0.32 0.36
Profit before tax 1.04 0.73 1.27 0.82 -0.60 0.06 0.89 0.47 -0.51 0.84 -0.52 -0.26
Tax % 16.35% 17.81% 17.32% 75.61% 0.00% 0.00% 5.62% 44.68% 0.00% 0.00% 0.00% 23.08%
0.87 0.60 1.04 0.20 -0.61 0.06 0.84 0.26 -0.51 0.85 -0.52 -0.20
EPS in Rs 2.83 1.95 3.39 0.65 -1.99 0.20 2.74 0.85 -1.66 2.77 -1.69 -0.65
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5.25 9.63 11.13 5.12 3.09 13.32 11.20 14.56 19.90 30.18 20.94 16.43
6.29 9.10 11.55 5.26 3.17 12.67 9.26 12.27 14.32 25.71 18.37 14.89
Operating Profit -1.04 0.53 -0.42 -0.14 -0.08 0.65 1.94 2.29 5.58 4.47 2.57 1.54
OPM % -19.81% 5.50% -3.77% -2.73% -2.59% 4.88% 17.32% 15.73% 28.04% 14.81% 12.27% 9.37%
0.09 0.13 0.02 0.03 0.27 0.46 0.06 0.12 0.02 0.94 0.00 0.01
Interest 0.41 0.30 0.29 0.23 0.19 0.19 0.09 0.28 0.48 0.50 0.59 0.70
Depreciation 0.63 0.25 0.28 0.20 0.18 0.52 0.46 0.55 0.78 1.05 1.17 1.30
Profit before tax -1.99 0.11 -0.97 -0.54 -0.18 0.40 1.45 1.58 4.34 3.86 0.81 -0.45
Tax % 19.60% 0.00% 0.00% 0.00% 0.00% 0.00% 19.31% 17.09% 17.74% 29.79% 32.10% 13.33%
-1.60 0.11 -0.97 -0.54 -0.18 0.39 1.17 1.31 3.56 2.72 0.56 -0.39
EPS in Rs -5.21 0.36 -3.16 -1.76 -0.59 1.27 3.81 4.27 11.60 8.86 1.82 -1.27
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: 5%
5 Years: 8%
3 Years: -6%
TTM: -22%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -170%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: 12%
5 Years: 16%
3 Years: 7%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3.07 3.07 3.07 3.07 3.07 3.07 3.07 3.07 3.07 3.07 3.07 3.07
Reserves 0.59 0.70 -0.28 -0.82 -1.05 -0.66 0.52 1.83 5.39 8.10 8.66 8.27
5.83 6.46 6.70 8.17 8.02 8.01 7.69 9.73 10.86 11.60 13.63 15.54
3.00 3.00 2.74 1.27 1.58 1.48 3.59 3.18 7.55 6.86 5.65 4.49
Total Liabilities 12.49 13.23 12.23 11.69 11.62 11.90 14.87 17.81 26.87 29.63 31.01 31.37
10.81 10.41 10.09 9.98 9.71 9.62 10.69 12.31 20.39 22.38 24.51 25.08
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.24 1.34 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.68 2.82 2.14 1.71 1.91 2.28 3.94 4.16 6.48 7.25 6.50 6.29
Total Assets 12.49 13.23 12.23 11.69 11.62 11.90 14.87 17.81 26.87 29.63 31.01 31.37

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.67 -0.09 -0.16 -1.50 -0.13 0.56 2.56 1.28 6.49 2.90 0.27 -0.03
-0.02 0.28 0.06 -0.08 0.32 -0.38 -1.71 -3.20 -7.51 -3.05 -3.29 -1.87
0.76 -0.04 -0.13 1.57 -0.16 -0.16 -0.45 1.70 1.13 0.74 2.04 1.90
Net Cash Flow 0.07 0.15 -0.23 -0.02 0.03 0.01 0.40 -0.22 0.11 0.59 -0.98 0.01

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 18.77 12.51 26.89 31.37 24.81 27.13 55.08 39.86 67.86 41.60 47.24 47.10
Inventory Days 105.21 126.69 44.60 136.35 580.41 16.18 231.23 217.06 165.17 80.99 200.09 386.19
Days Payable 183.15 156.86 126.75 159.43 741.97 43.60 605.79 366.21 695.35 159.36 200.78 111.85
Cash Conversion Cycle -59.16 -17.66 -55.26 8.29 -136.75 -0.29 -319.48 -109.29 -462.31 -36.77 46.55 321.44
Working Capital Days -36.15 -6.82 -25.91 26.38 22.44 20.00 -4.56 8.77 -32.10 -0.60 25.10 49.98
ROCE % -16.20% 3.04% -6.90% -3.21% -2.44% 5.28% 13.73% 13.89% 28.39% 16.35% 5.82%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.35% 62.35% 62.35% 62.35% 62.35% 62.35% 62.35% 62.35% 62.35% 62.35% 62.35% 62.35%
37.65% 37.65% 37.65% 37.65% 37.65% 37.65% 37.65% 37.65% 37.65% 37.65% 37.65% 37.65%
No. of Shareholders 522522522522522523523522522523523526

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