Chemcon Speciality Chemicals Ltd

Chemcon Special. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Chemcon Speciality Chemicals Ltd

₹ 251 -0.30%
19 Apr - close price
cscpl.com BSE: 543233 NSE : CHEMCON
About

Chemcon Speciality Chemicals Limited is a manufacturer of specialised chemicals, such as HMDS and CMIC which are predominantly used in the pharmaceuticals industry and inorganic bromides used as completion fluids in the oilfield industry. [1]

Key Points

Products Portfolio
Organic Chemicals (55% in 9MFY24 vs 59% in FY19)- Hexamethyl Disilazane (HMDS), Chloromethyl Isopropyl Carbonate (CMIC) both used in pharma, and Bromobenzene used in Agrochemicals.

Website BSE NSE
  • Market Cap ₹ 922 Cr.
  • Current Price ₹ 251
  • High / Low ₹ 319 / 230
  • Stock P/E 34.4
  • Book Value ₹ 128
  • Dividend Yield 1.59 %
  • ROCE 15.4 %
  • ROE 12.5 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Debtor days have improved from 123 to 81.5 days.

Cons

  • Earnings include an other income of Rs.12.8 Cr.
  • Dividend payout has been low at 8.86% of profits 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
64.81 71.48 57.21 61.24 49.54 89.13 89.41 57.92 76.47 79.08 79.33 75.19 52.98
41.98 50.66 39.34 42.31 32.21 61.67 55.86 48.33 62.98 65.02 71.52 66.86 46.64
Operating Profit 22.83 20.82 17.87 18.93 17.33 27.46 33.55 9.59 13.49 14.06 7.81 8.33 6.34
OPM % 35.23% 29.13% 31.24% 30.91% 34.98% 30.81% 37.52% 16.56% 17.64% 17.78% 9.84% 11.08% 11.97%
1.22 3.13 1.94 2.25 2.33 2.72 2.68 3.29 4.46 2.89 3.49 3.03 3.34
Interest 0.63 0.70 0.23 0.15 0.11 0.08 0.16 0.25 0.59 0.49 0.68 0.73 1.04
Depreciation 1.41 1.95 1.52 1.50 1.55 1.70 1.93 2.05 2.14 2.26 2.62 2.59 2.58
Profit before tax 22.01 21.30 18.06 19.53 18.00 28.40 34.14 10.58 15.22 14.20 8.00 8.04 6.06
Tax % 25.17% 27.23% 25.75% 25.40% 25.11% 25.04% 25.42% 25.99% 25.36% 26.27% 26.25% 26.12% 26.73%
16.48 15.50 13.41 14.57 13.49 21.29 25.46 7.82 11.36 10.47 5.91 5.94 4.44
EPS in Rs 4.50 4.23 3.66 3.98 3.68 5.81 6.95 2.13 3.10 2.86 1.61 1.62 1.21
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
32 51 53 63 97 88 158 303 262 243 257 303 287
28 46 46 56 87 79 112 237 192 162 175 232 250
Operating Profit 4 5 6 8 10 9 46 66 70 81 82 71 37
OPM % 11% 10% 12% 12% 10% 10% 29% 22% 27% 33% 32% 23% 13%
0 0 0 -1 0 0 0 2 4 5 9 13 13
Interest 1 2 2 2 3 2 3 4 5 4 1 1 3
Depreciation 1 1 1 2 2 2 2 3 5 6 6 8 10
Profit before tax 2 3 3 3 5 5 41 61 65 76 84 74 36
Tax % 28% 33% 60% 3% 35% 37% 35% 30% 25% 26% 25% 26%
1 2 1 3 3 3 26 43 49 56 63 55 27
EPS in Rs 1.74 2.11 1.46 3.35 4.09 3.78 33.21 13.54 15.37 15.40 17.13 15.04 7.30
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 27%
Compounded Sales Growth
10 Years: 19%
5 Years: 14%
3 Years: 5%
TTM: -8%
Compounded Profit Growth
10 Years: 42%
5 Years: 16%
3 Years: 4%
TTM: -59%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -15%
1 Year: -5%
Return on Equity
10 Years: 22%
5 Years: 21%
3 Years: 16%
Last Year: 12%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 8 8 8 8 8 8 32 32 37 37 37 37
Reserves 8 10 11 13 16 19 46 65 115 317 381 421 432
4 13 14 12 13 20 17 33 46 6 36 64 39
8 6 12 10 9 15 27 43 34 44 45 32 33
Total Liabilities 28 37 45 44 46 63 97 173 226 404 498 553 541
12 14 20 20 19 24 30 40 49 67 82 141 138
CWIP 0 1 0 0 0 0 0 1 4 9 34 14 22
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
16 22 25 24 27 38 67 133 173 328 382 398 380
Total Assets 28 37 45 44 46 63 97 173 226 404 498 553 541

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 3 7 5 10 14 11 12 65 74 13
-1 -4 -5 -2 -9 -7 -24 -16 -152 -92 -16
-2 0 -3 -3 -2 -6 12 4 111 30 12
Net Cash Flow 0 -0 -1 -0 -1 1 -0 0 23 11 9

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 62 51 40 52 51 93 68 77 124 142 146 81
Inventory Days 132 107 146 74 45 58 99 91 118 175 102 164
Days Payable 110 46 97 79 39 81 82 57 63 67 70 44
Cash Conversion Cycle 84 112 89 47 57 70 86 111 179 250 177 201
Working Capital Days 91 118 85 64 59 79 93 95 175 189 155 184
ROCE % 15% 17% 17% 17% 22% 16% 74% 65% 43% 29% 21% 15%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.47% 74.47% 74.47% 74.47% 74.47% 74.47% 74.47% 74.47% 74.47% 74.47% 74.47% 74.47%
0.21% 0.21% 0.09% 0.02% 0.05% 0.02% 0.14% 0.01% 0.10% 0.01% 0.01% 0.05%
1.95% 1.26% 1.03% 0.68% 0.28% 0.28% 0.27% 0.27% 0.27% 0.27% 0.27% 0.28%
23.38% 24.06% 24.41% 24.83% 25.21% 25.24% 25.11% 25.25% 25.15% 25.25% 25.24% 25.20%
No. of Shareholders 85,57380,63085,10190,23590,93690,00484,06486,83186,16184,71183,50981,367

* 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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