Bodal Chemicals Ltd

Bodal Chemicals Ltd

₹ 71.2 -0.54%
05 Jun - close price
About

Bodal Chemicals Limited is one of India’s leading integrated Dyestuff companies and is the largest domestic manufacturer of Dye Intermediates. It offers a wide range of Dyestuffs, Dye Intermediates, Basic Chemicals, and its variants to diverse customers across India and the world. [1]

Key Points

Product Portfolio:[1]
a) Basic Chemicals (~12 Products): Sulphuric Acid, Chlorosulphonic Acid, Sulphur Trioxide, Oleum 23% & 65%, Sodium Bisulphate, Acetanilide, Thionyl Chloride, Beta Naphthol, Para Nitro Aniline.
b) Dye Intermediates (~25 Products):
Vinyl Sulphone & Derivatives, H Acid, DASA, F.C. Acid, Gamma Acid, K Acid, Sulpho Tobias Acid, 4.N.A.D.P.S.A, 6-Nitro, MPDSA, Meta Ureido Aniline, 1:2:4 DIAZO
c) Dyestuffs (~175 Products):
Reactive Dyes, Acid Dyes, Direct Dyes, Liquid Dyes
d) Chlor Alkali (~6 Products):
Caustic Soda, Chlorine, Hydrogen, Hydrochloric Acid (HCL), Sodium Hypochlorite (HYPO), Stable Bleaching Powder (SBP)

  • Market Cap 897 Cr.
  • Current Price 71.2
  • High / Low 81.9 / 41.2
  • Stock P/E 19.0
  • Book Value 95.2
  • Dividend Yield 0.00 %
  • ROCE 6.77 %
  • ROE 4.00 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.75 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.8% over past five years.
  • Company has a low return on equity of 2.00% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
389 326 328 337 396 420 423 435 446 445 472 481 577
364 302 305 314 357 383 390 389 396 395 449 456 507
Operating Profit 26 24 22 24 38 38 32 46 50 50 23 25 70
OPM % 7% 7% 7% 7% 10% 9% 8% 11% 11% 11% 5% 5% 12%
4 4 6 5 1 1 5 0 2 2 20 15 2
Interest 11 11 13 12 16 20 20 20 20 21 21 19 18
Depreciation 14 14 14 14 17 17 17 17 17 17 17 17 17
Profit before tax 4 1 1 2 7 2 1 10 15 14 5 3 37
Tax % 41% 26% 31% 62% 30% 25% 25% 25% 28% 25% 23% 35% 17%
2 1 1 1 5 1 1 7 11 10 4 2 31
EPS in Rs 0.17 0.09 0.08 0.06 0.39 0.09 0.05 0.58 0.84 0.82 0.33 0.16 2.42
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,043 907 1,182 1,121 1,379 1,224 1,130 2,011 1,555 1,386 1,723 1,975
859 758 961 924 1,146 1,091 1,047 1,787 1,434 1,279 1,557 1,807
Operating Profit 184 150 221 197 233 133 83 224 121 108 166 168
OPM % 18% 17% 19% 18% 17% 11% 7% 11% 8% 8% 10% 8%
5 20 15 12 15 14 18 8 8 15 8 39
Interest 27 12 7 5 7 14 9 21 34 52 80 79
Depreciation 22 26 26 11 18 26 28 46 52 60 68 69
Profit before tax 139 132 203 193 222 106 64 165 43 12 27 59
Tax % 34% 34% 35% 34% 35% 15% 24% 25% 27% 35% 26% 20%
92 87 133 128 144 90 48 124 31 8 20 47
EPS in Rs 8.43 7.94 12.18 10.44 11.79 7.37 3.95 10.15 2.48 0.61 1.55 3.73
Dividend Payout % 0% 8% 7% 8% 7% 11% 20% 8% 4% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 12%
3 Years: 8%
TTM: 15%
Compounded Profit Growth
10 Years: -5%
5 Years: -1%
3 Years: 16%
TTM: 131%
Stock Price CAGR
10 Years: -3%
5 Years: -8%
3 Years: 2%
1 Year: -2%
Return on Equity
10 Years: 8%
5 Years: 4%
3 Years: 2%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 22 22 22 24 24 24 24 24 25 25 25 25
Reserves 139 218 341 678 811 912 968 1,078 1,101 1,108 1,127 1,173
234 143 142 148 135 238 436 640 755 903 911 813
145 132 187 191 265 249 279 384 281 300 333 378
Total Liabilities 539 514 692 1,041 1,235 1,424 1,708 2,127 2,163 2,336 2,396 2,390
190 184 196 412 529 613 760 804 955 1,302 1,291 1,229
CWIP 3 0 9 14 20 1 4 70 193 68 61 67
Investments 3 3 21 24 20 41 44 99 100 113 101 101
343 326 465 591 666 770 899 1,155 914 852 943 993
Total Assets 539 514 692 1,041 1,235 1,424 1,708 2,127 2,163 2,336 2,396 2,390

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
198 133 112 22 210 65 -22 30 246 191 106 177
-35 -24 -100 -216 -175 -146 -171 -194 -315 -266 -39 8
-162 -109 -9 191 -29 86 186 162 69 88 -71 -191
Net Cash Flow 0 -1 3 -3 6 6 -6 -2 1 14 -5 -6
Free Cash Flow 162 116 62 -197 67 16 -187 -127 -72 -42 62 182
CFO/OP 129% 112% 82% 41% 117% 63% -16% 30% 209% 174% 60% 106%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 69 67 56 89 77 111 128 98 95 99 84 79
Inventory Days 43 56 57 58 77 90 126 141 112 128 134 104
Days Payable 62 67 75 77 80 92 101 83 76 101 98 82
Cash Conversion Cycle 50 56 39 70 74 109 152 155 131 126 120 101
Working Capital Days 23 17 18 65 45 46 51 51 43 12 16 24
ROCE % 39% 35% 46% 29% 25% 11% 6% 11% 4% 3% 5% 7%

Insights

In beta
Sep 2020
Total Production Volume (Bodal Chemicals)
Metric Tonnes

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
57.39% 57.39% 57.39% 57.39% 57.39% 57.32% 57.32% 57.32% 57.32% 57.00% 57.00% 57.00%
2.37% 0.45% 0.30% 0.77% 0.19% 0.67% 0.32% 0.32% 0.81% 0.29% 0.32% 0.15%
0.01% 0.03% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
40.22% 42.12% 42.29% 41.82% 42.41% 42.00% 42.36% 42.35% 41.87% 42.70% 42.68% 42.84%
No. of Shareholders 66,07377,81676,86777,33277,49581,42078,83178,16375,02374,64973,08370,465

* 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.

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