Citichem India Ltd
Incorporated in 1992, Citichem India Ltd
is in the business of trading of chemicals.[1]
- Market Cap ₹ 15.8 Cr.
- Current Price ₹ 23.2
- High / Low ₹ 70.0 / 23.0
- Stock P/E 8.83
- Book Value ₹ 30.6
- Dividend Yield 0.00 %
- ROCE 11.6 %
- ROE 8.91 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.76 times its book value
- Company's working capital requirements have reduced from 107 days to 58.2 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -15.6% over past five years.
- Company has a low return on equity of 11.2% over last 3 years.
- Contingent liabilities of Rs.21.4 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.1.03 Cr.
- Company has high debtors of 343 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 Trading - Chemicals
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 127.35 | 180.17 | 85.22 | 20.94 | 19.61 | 54.37 | 62.80 | |
| 0.02 | 127.07 | 179.96 | 84.84 | 20.36 | 17.81 | 52.75 | 60.82 | |
| Operating Profit | -0.02 | 0.28 | 0.21 | 0.38 | 0.58 | 1.80 | 1.62 | 1.98 |
| OPM % | 0.22% | 0.12% | 0.45% | 2.77% | 9.18% | 2.98% | 3.15% | |
| 0.00 | 0.01 | 0.11 | 0.06 | 0.00 | 0.00 | 0.36 | 1.03 | |
| Interest | 0.00 | 0.01 | 0.00 | 0.10 | 0.06 | 0.07 | 0.31 | 0.57 |
| Depreciation | 0.00 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.03 |
| Profit before tax | -0.02 | 0.27 | 0.30 | 0.32 | 0.51 | 1.71 | 1.66 | 2.41 |
| Tax % | 0.00% | 25.93% | 26.67% | 28.12% | 29.41% | 18.71% | 25.90% | |
| -0.02 | 0.20 | 0.22 | 0.24 | 0.36 | 1.39 | 1.23 | 1.79 | |
| EPS in Rs | 0.48 | 0.72 | 2.78 | 1.81 | 2.63 | |||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -16% |
| 3 Years: | -14% |
| TTM: | 177% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 72% |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.07 | 0.07 | 0.07 | 5.00 | 5.00 | 5.00 | 6.80 | 6.80 |
| Reserves | 0.15 | 0.31 | 0.53 | 0.77 | 1.13 | 2.52 | 13.30 | 13.98 |
| 0.11 | 0.37 | 0.00 | 1.11 | 1.10 | 1.08 | 5.39 | 7.05 | |
| 0.01 | 31.98 | 72.62 | 84.55 | 72.50 | 60.73 | 44.43 | 29.94 | |
| Total Liabilities | 0.34 | 32.73 | 73.22 | 91.43 | 79.73 | 69.33 | 69.92 | 57.77 |
| 0.01 | 0.08 | 0.09 | 0.08 | 0.10 | 0.10 | 0.06 | 0.96 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 0.32 | 32.64 | 73.13 | 91.35 | 79.63 | 69.23 | 69.86 | 56.81 | |
| Total Assets | 0.34 | 32.73 | 73.22 | 91.43 | 79.73 | 69.33 | 69.92 | 57.77 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0.37 | 0.38 | -5.95 | 0.28 | 0.49 | -11.51 | ||
| -0.01 | -0.02 | -0.01 | -0.04 | 0.00 | 0.03 | ||
| -0.42 | -0.37 | 5.94 | -0.07 | -0.08 | 15.35 | ||
| Net Cash Flow | -0.07 | -0.02 | -0.03 | 0.17 | 0.41 | 3.86 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 5.53 | 68.05 | 198.73 | 595.78 | 569.18 | 342.91 | |
| Inventory Days | 76.06 | 70.95 | 180.36 | 857.35 | 849.40 | 45.66 | |
| Days Payable | 92.27 | 148.47 | 367.79 | 1,378.23 | 1,348.08 | 315.43 | |
| Cash Conversion Cycle | -10.68 | -9.47 | 11.30 | 74.90 | 70.51 | 73.15 | |
| Working Capital Days | 1.63 | 0.85 | 28.70 | 118.01 | 144.99 | 58.20 | |
| ROCE % | 44.44% | 11.23% | 8.08% | 22.49% | 11.56% |
Documents
Announcements
-
Intimation Under Regulation 30 - Preferential Issue
20m - EGM approved 4,700,000 warrants at Rs29 each (Rs136.3mn) on preferential basis, 15-Dec-2025.
- Shareholder Meeting / Postal Ballot-Outcome of EGM 28m
-
Corrigendum To Notice Of Extra-Ordinary General Meeting Scheduled To Be Held On Monday, 15Th December, 2025
2d - EGM on 15 Dec 2025 for preferential convertible warrants at Rs29; post-issue shares 11,500,000 (dilution).
-
Notice Of Extra-Ordinary General Meeting Scheduled To Be Held On Monday, 15Th December, 2025 At 11.00 Am At Imperial Lounge (NSCI), The National Sports Club Of India, Lotus Colony, Worli, Mumbai 400018.
23 Nov - EGM on 15 Dec 2025 to approve 4.7m warrants at Rs29 each raising Rs136.3mn.
-
Announcement under Regulation 30 (LODR)-Issue of Securities
14 Nov - Board approved H1 results and proposed 4.7m warrants at Rs29 each (INR13.63 Cr) via preferential allotment.
Business Overview:[1][2]
CCIL is engaged in business of trading, import, and manufacturing of organic, inorganic, speciality and food chemicals. The company primarily deals in products like caustic soda flakes, caustic SDA lye, soda ash light, acetic acid and mono sodium glutamate etc. It primarily supplies Industrial chemicals, food products and Recycled plastic products.