Gujarat Alkalies & Chemicals Ltd

₹ 678 -0.56%
02 Feb 2:43 p.m.
gacl.com BSE: 530001 NSE : GUJALKALI
About

Gujarat Alkalies and Chemicals Ltd is a multi-product chemical manufacturing company and is one of the leading manufacturers of Caustic Soda Lye.[1] Its manufacturing facilities are located at Dahej and Vadodara in Gujarat.[2]

Key Points

Product Offerings
The Company’s products basket comprises 36+ products including Caustic Soda (Lye, Flakes & Prills), Liquid Chlorine, Chloromethanes, Hydrogen Peroxide, Caustic Potash (Lye & Flakes), Aluminium Chloride, Phosphoric Acid, etc. [1]

Website BSE NSE
  • Market Cap ₹ 4,977 Cr.
  • Current Price ₹ 678
  • High / Low ₹ 1,045 / 598
  • Stock P/E 6.42
  • Book Value ₹ 844
  • Dividend Yield 1.48 %
  • ROCE 13.5 %
  • ROE 9.97 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.80 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 22.0%
  • Debtor days have improved from 41.0 to 29.4 days.

Cons

  • Company has a low return on equity of 7.05% 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: Chlor Alkali / Soda Ash

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
699 656 622 470 638 650 671 716 826 1,075 1,141 1,128 1,127
547 561 542 391 534 572 575 589 683 709 791 747 901
Operating Profit 151 94 80 78 105 79 96 127 142 366 350 382 226
OPM % 22% 14% 13% 17% 16% 12% 14% 18% 17% 34% 31% 34% 20%
37 18 18 13 28 17 9 15 22 3 7 6 22
Interest 3 4 3 3 2 2 9 2 1 1 1 2 3
Depreciation 38 39 48 42 43 45 44 47 49 50 52 50 60
Profit before tax 146 70 47 46 88 50 52 93 114 318 304 336 186
Tax % 30% 14% 75% 30% 24% 32% 33% 32% 34% 36% 27% 34% 31%
Net Profit 102 60 12 32 66 34 35 64 75 202 222 222 128
EPS in Rs 13.92 8.14 1.62 4.36 9.04 4.57 4.76 8.65 10.22 27.48 30.18 30.24 17.40
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,435 1,711 1,815 1,896 1,948 1,995 2,070 2,455 3,161 2,725 2,429 3,759 4,472
1,165 1,311 1,319 1,522 1,674 1,660 1,621 1,668 2,046 2,147 2,071 2,772 3,148
Operating Profit 270 400 495 374 274 335 450 787 1,115 578 358 987 1,324
OPM % 19% 23% 27% 20% 14% 17% 22% 32% 35% 21% 15% 26% 30%
12 -5 1 30 49 45 56 106 61 90 67 46 37
Interest 21 21 8 6 9 10 13 15 21 14 15 6 7
Depreciation 133 151 152 151 98 107 111 127 140 162 174 198 212
Profit before tax 127 223 337 247 215 263 382 750 1,015 492 236 829 1,144
Tax % 10% 31% 30% 25% -6% 16% 19% 29% 32% 32% 29% 32%
Net Profit 114 154 235 185 228 220 308 535 690 333 167 562 773
EPS in Rs 15.56 20.92 32.05 25.20 31.03 29.94 41.95 72.85 93.91 45.32 22.72 76.53 105.30
Dividend Payout % 19% 14% 11% 16% 14% 15% 12% 9% 9% 18% 35% 13%
Compounded Sales Growth
10 Years: 8%
5 Years: 13%
3 Years: 6%
TTM: 56%
Compounded Profit Growth
10 Years: 13%
5 Years: 13%
3 Years: -7%
TTM: 274%
Stock Price CAGR
10 Years: 17%
5 Years: -1%
3 Years: 21%
1 Year: -6%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 7%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
73 73 73 73 73 73 73 73 73 73 73 73 73
Reserves 1,406 1,534 1,740 1,890 2,063 2,855 3,283 3,749 4,223 4,524 5,304 5,831 6,122
352 345 269 220 158 295 353 291 247 205 498 594 604
795 872 822 648 693 671 726 859 988 1,090 1,282 1,484 1,634
Total Liabilities 2,627 2,826 2,904 2,831 2,988 3,895 4,437 4,972 5,532 5,893 7,157 7,983 8,432
1,469 1,599 1,505 1,615 1,656 1,821 2,073 2,104 2,300 2,610 2,587 2,702 4,008
CWIP 100 43 259 30 67 83 151 252 307 445 1,109 1,787 766
Investments 156 161 172 182 193 855 1,017 1,147 1,066 1,244 2,095 2,115 2,123
902 1,022 967 1,005 1,072 1,136 1,195 1,469 1,858 1,594 1,366 1,379 1,535
Total Assets 2,627 2,826 2,904 2,831 2,988 3,895 4,437 4,972 5,532 5,893 7,157 7,983 8,432

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
193 348 423 242 295 201 503 515 838 630 421 735
-191 -224 -218 -167 -212 -352 -468 -395 -581 -634 -334 -804
3 -83 -112 -90 -88 84 13 -116 -136 -146 226 12
Net Cash Flow 5 41 94 -14 -5 -67 49 3 122 -150 313 -58

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 70 53 55 58 57 60 58 60 56 50 43 29
Inventory Days 76 93 77 105 96 99 94 147 99 92 88 101
Days Payable 40 38 44 95 119 99 125 154 134 126 111 101
Cash Conversion Cycle 106 109 88 69 34 60 27 53 22 17 21 29
Working Capital Days 81 62 51 89 47 90 83 99 96 107 20 8
ROCE % 8% 14% 18% 12% 10% 10% 11% 18% 24% 11% 5% 14%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
46.28 46.28 46.28 46.28 46.28 46.28 46.28 46.28 46.28 46.28 46.28 46.28
2.02 1.38 1.48 1.33 1.36 1.36 1.48 1.52 1.82 2.05 1.98 2.07
6.97 7.14 5.66 5.21 4.01 2.39 1.66 1.63 1.68 1.63 1.47 1.45
44.73 45.20 46.58 47.18 48.35 49.97 50.58 50.58 50.22 50.04 50.27 50.19

* 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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