Chemplast Sanmar Ltd

Chemplast Sanmar Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Chemplast Sanmar Ltd

₹ 485 -2.90%
02 May - close price
chemplastsanmar.com BSE: 543336 NSE : CHEMPLASTS
About

It is a major manufacturer of Speciality Chemicals such as Specialty Paste PVC resin and Custom Manufactured Chemicals for agro-chemical, pharmaceutical and fine chemicals sector. The company also produces other chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas and Industrial Salt. The manufacturing facilities are located at Mettur, Berigai and Vedaranyam in Tamil Nadu and Karaikal in the Union Territory of Puducherry.

Key Points

Key product segments FY23
Suspension PVC (61%)
- Capacity of 3,31,000 MTPA [1]
- #1 manufacturer in South India. [2]
- End-user industry: Water conveyancing, construction, etc. [3]

Website BSE NSE
  • Market Cap ₹ 7,648 Cr.
  • Current Price ₹ 485
  • High / Low ₹ 543 / 413
  • Stock P/E
  • Book Value ₹ 249
  • Dividend Yield 0.00 %
  • ROCE 6.00 %
  • ROE 4.77 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.87% over last 3 years.
  • Earnings include an other income of Rs.43.4 Cr.
  • Debtor days have increased from 31.5 to 42.5 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
407 414 312 534 517 649 570 569 630 428 350 351 439
272 270 216 383 328 458 449 500 546 396 374 359 449
Operating Profit 135 143 96 151 190 191 121 70 83 31 -24 -8 -10
OPM % 33% 35% 31% 28% 37% 29% 21% 12% 13% 7% -7% -2% -2%
-13 1 8 15 6 3 -43 7 6 7 7 26 4
Interest 67 58 60 70 3 2 5 7 5 6 5 4 11
Depreciation 23 24 20 22 22 26 25 22 23 23 21 24 27
Profit before tax 33 62 24 74 170 167 49 48 60 10 -44 -10 -43
Tax % 36% 5% 9% 9% 16% 11% 20% 13% 6% 14% 36% 232% -38%
21 59 21 67 143 148 39 42 57 8 -28 14 -60
EPS in Rs 3.17 4.39 1.60 4.25 9.03 9.37 2.44 2.65 3.59 0.52 -1.77 0.87 -3.79
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
2,130 2,243 2,645 2,643 2,493 2,903 1,106 1,253 1,259 1,289 2,012 2,197 1,567
1,956 2,000 2,428 2,485 2,143 2,424 848 936 945 898 1,385 1,891 1,578
Operating Profit 174 243 217 158 350 479 259 317 314 391 628 306 -11
OPM % 8% 11% 8% 6% 14% 17% 23% 25% 25% 30% 31% 14% -1%
11 13 32 27 20 -20 114 32 8 -10 33 -24 43
Interest 161 150 167 163 162 73 37 47 95 254 136 23 26
Depreciation 93 94 91 57 65 69 57 55 87 88 91 92 95
Profit before tax -70 11 -9 -35 143 318 278 248 139 40 434 167 -88
Tax % 26% -4% 17% 27% 43% 53% 34% 24% 29% -9% 12% 13%
-52 12 -8 -26 82 150 183 187 99 44 379 146 -66
EPS in Rs -0.65 0.15 -49,187.50 -159,375.00 10.24 18.78 22.93 23.40 14.73 3.25 24.00 9.21 -4.17
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 15%
3 Years: 20%
TTM: -35%
Compounded Profit Growth
10 Years: 32%
5 Years: 0%
3 Years: 23%
TTM: -121%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 13%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 7%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 80 80 80 80 80 80 67 67 67 67 79 79 79
Reserves 43 179 172 144 226 237 652 2,449 1,910 1,954 3,718 3,865 3,851
Preference Capital 0 0 0 0 0 0 0 0 1,207 0 0 0
980 763 340 684 731 427 210 253 82 1,228 14 218 503
816 895 1,265 1,135 916 1,528 1,820 1,051 2,147 1,035 1,142 1,332 1,093
Total Liabilities 1,918 1,918 1,857 2,043 1,954 2,272 2,750 3,820 4,206 4,284 4,954 5,494 5,526
1,360 1,224 1,206 1,154 1,107 1,067 625 2,087 2,175 2,103 2,233 2,200 2,468
CWIP 7 61 7 11 9 6 82 117 8 25 27 388 438
Investments 2 1 1 1 243 608 938 1,199 1,556 1,556 1,556 1,556 1,556
549 632 644 877 595 592 1,106 417 467 600 1,138 1,351 1,064
Total Assets 1,918 1,918 1,857 2,043 1,954 2,272 2,750 3,820 4,206 4,284 4,954 5,494 5,526

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
239 291 575 113 176 642 448 232 166 411 430 271
-54 17 -14 5 -247 -388 -407 -311 -438 -80 -51 -286
-219 -241 -589 178 -113 -350 24 -1 298 -333 -96 171
Net Cash Flow -34 67 -27 296 -183 -96 64 -80 26 -1 283 155

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 22 15 19 15 11 9 18 19 14 19 33 43
Inventory Days 42 48 41 32 41 68 135 183 158 203 180 147
Days Payable 192 205 243 203 183 220 197 200 187 265 201 212
Cash Conversion Cycle -129 -141 -183 -156 -131 -143 -44 2 -16 -43 13 -23
Working Capital Days -59 -67 -101 -96 -76 -115 -36 -45 -5 -11 15 -1
ROCE % 8% 15% 20% 16% 31% 49% 38% 15% 8% 9% 16% 6%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.99% 54.99% 54.99% 54.99% 54.99% 54.99% 54.99% 54.99% 54.99% 54.99% 54.99%
6.44% 7.51% 7.88% 8.56% 7.62% 7.76% 7.41% 11.45% 11.59% 11.17% 10.83%
30.09% 28.07% 27.63% 26.98% 26.46% 26.81% 27.81% 26.63% 26.94% 27.51% 28.15%
8.47% 9.42% 9.50% 9.47% 10.93% 10.45% 9.78% 6.92% 6.48% 6.33% 6.02%
No. of Shareholders 1,20,6441,10,8391,02,4091,02,6341,05,4111,00,19599,60892,61093,59490,18485,649

* 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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Documents

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