Galaxy Surfactants Ltd
Galaxy Surfactants Ltd was Incorporated in 1986. It’s a leading manufacturer of Performance Surfactants and Specialty Care products with over 205 product grades. These products are used in consumer-centric Home and Personal care products like hair care, oral care, skin care, cosmetics, soap, shampoo, lotion, detergent, cleaning products, etc. Preferred suppliers to leading MNC’s, Regional and Local FMCG brands.[1]
The company is India’s Largest Manufacturer of Oleo chemical-based Surfactants and Specialty Care Products for Home Care and Personal Care Industries [2]
- Market Cap ₹ 9,226 Cr.
- Current Price ₹ 2,602
- High / Low ₹ 2,989 / 2,241
- Stock P/E 29.3
- Book Value ₹ 572
- Dividend Yield 0.85 %
- ROCE 23.6 %
- ROE 22.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 19.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 33.1%
Cons
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
1,870 | 1,799 | 2,158 | 2,432 | 2,761 | 2,595 | 2,782 | 3,684 | 4,443 | 3,840 | |
1,681 | 1,563 | 1,886 | 2,144 | 2,408 | 2,226 | 2,334 | 3,284 | 3,875 | 3,345 | |
Operating Profit | 190 | 236 | 271 | 288 | 353 | 369 | 449 | 401 | 568 | 495 |
OPM % | 10% | 13% | 13% | 12% | 13% | 14% | 16% | 11% | 13% | 13% |
2 | 6 | 10 | 10 | 5 | 6 | 11 | 13 | 10 | 19 | |
Interest | 34 | 34 | 27 | 31 | 30 | 24 | 13 | 13 | 22 | 23 |
Depreciation | 45 | 45 | 47 | 49 | 51 | 62 | 74 | 71 | 83 | 96 |
Profit before tax | 112 | 163 | 207 | 219 | 277 | 289 | 372 | 329 | 473 | 394 |
Tax % | 40% | 37% | 29% | 28% | 31% | 20% | 19% | 20% | 19% | |
67 | 103 | 148 | 158 | 191 | 230 | 302 | 263 | 381 | 314 | |
EPS in Rs | 19.03 | 28.97 | 41.64 | 44.57 | 53.87 | 64.99 | 85.22 | 74.12 | 107.46 | 88.70 |
Dividend Payout % | 21% | 31% | 14% | 16% | 15% | 22% | 21% | 24% | 54% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 20% |
TTM: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 18% |
TTM: | -19% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 0% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 22% |
Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
Reserves | 342 | 412 | 539 | 683 | 841 | 1,032 | 1,266 | 1,539 | 1,847 | 1,994 |
451 | 412 | 393 | 348 | 298 | 396 | 289 | 421 | 327 | 243 | |
231 | 250 | 315 | 385 | 389 | 348 | 458 | 602 | 518 | 473 | |
Total Liabilities | 1,060 | 1,109 | 1,283 | 1,452 | 1,563 | 1,812 | 2,049 | 2,597 | 2,728 | 2,745 |
459 | 436 | 456 | 447 | 519 | 748 | 712 | 760 | 923 | 946 | |
CWIP | 7 | 51 | 10 | 25 | 83 | 66 | 124 | 205 | 139 | 130 |
Investments | 0 | 0 | 0 | 0 | 0 | 6 | 43 | 0 | 0 | 116 |
594 | 623 | 817 | 980 | 962 | 992 | 1,170 | 1,630 | 1,665 | 1,553 | |
Total Assets | 1,060 | 1,109 | 1,283 | 1,452 | 1,563 | 1,812 | 2,049 | 2,597 | 2,728 | 2,745 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
41 | 170 | 111 | 145 | 283 | 316 | 365 | 5 | 573 | |
-26 | -59 | -43 | -54 | -166 | -149 | -166 | -82 | -141 | |
-17 | -110 | -57 | -90 | -119 | -144 | -165 | 59 | -264 | |
Net Cash Flow | -2 | 0 | 11 | 1 | -2 | 23 | 34 | -18 | 168 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 51 | 59 | 63 | 56 | 62 | 62 | 63 | 50 |
Inventory Days | 68 | 72 | 79 | 75 | 68 | 72 | 91 | 103 | 78 |
Days Payable | 50 | 59 | 63 | 71 | 59 | 60 | 80 | 75 | 52 |
Cash Conversion Cycle | 61 | 64 | 75 | 67 | 65 | 73 | 72 | 91 | 77 |
Working Capital Days | 50 | 56 | 65 | 72 | 63 | 72 | 76 | 92 | 71 |
ROCE % | 23% | 26% | 25% | 28% | 24% | 25% | 19% | 24% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 1d
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015. 2d
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 Apr
- Intimation Of Incorporation Of Wholly Owned Subsidiary Company. 5 Apr
- Closure of Trading Window 27 Mar
Annual reports
Concalls
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Product Portfolio
The co. offers 210+ Products under its Performance Surfactants and Speciality Care Products which includes varieties of products under hair care, oral care, home care, skin care, cosmetics and toiletries. [1] [2]