Gujarat Alkalies & Chemicals Ltd

Gujarat Alkalies & Chemicals Ltd

₹ 817 -0.23%
21 Feb 1:41 p.m.
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]

  • Market Cap 6,002 Cr.
  • Current Price 817
  • High / Low 844 / 556
  • Stock P/E
  • Book Value 817
  • Dividend Yield 2.88 %
  • ROCE 10.8 %
  • ROE 6.81 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.97 times its book value
  • Company has been maintaining a healthy dividend payout of 30.3%
  • Debtor days have improved from 31.9 to 23.0 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.82% over last 3 years.
  • Earnings include an other income of Rs.95.7 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
650 671 716 826 1,075 1,141 1,128 1,127 1,123 1,138 913 971 921
572 575 590 684 709 792 778 969 885 936 882 955 941
Operating Profit 78 96 127 142 366 349 351 159 238 202 31 16 -20
OPM % 12% 14% 18% 17% 34% 31% 31% 14% 21% 18% 3% 2% -2%
17 9 15 22 3 7 6 22 6 8 12 71 5
Interest 2 9 2 1 1 1 2 3 8 8 10 11 11
Depreciation 45 44 47 49 50 52 50 60 79 88 89 95 96
Profit before tax 49 52 93 113 317 303 305 118 157 115 -57 -18 -123
Tax % 32% 34% 32% 34% 37% 27% 37% 49% 44% 38% 0% 0% 6%
33 35 63 75 201 221 191 61 87 71 -57 -18 -115
EPS in Rs 4.52 4.72 8.60 10.15 27.42 30.05 25.99 8.24 11.87 9.67 -7.78 -2.50 -15.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,995 2,070 2,455 3,161 2,725 2,429 3,759 4,516 3,943
1,660 1,622 1,669 2,046 2,148 2,072 2,774 3,568 3,714
Operating Profit 335 448 786 1,115 577 357 984 949 229
OPM % 17% 22% 32% 35% 21% 15% 26% 21% 6%
45 56 106 62 90 67 46 42 96
Interest 10 13 15 21 14 15 6 19 40
Depreciation 107 111 127 140 162 174 198 276 368
Profit before tax 262 381 749 1,016 491 235 826 695 -84
Tax % 16% 19% 29% 32% 32% 29% 32% 41%
220 307 534 690 332 166 560 410 -120
EPS in Rs 29.90 41.85 72.78 93.98 45.22 22.57 76.22 55.78 -16.29
Dividend Payout % 15% 12% 9% 9% 18% 35% 13% 42%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 18%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: -4%
3 Years: 7%
TTM: -121%
Stock Price CAGR
10 Years: 17%
5 Years: 13%
3 Years: 38%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 73 73 73 73 73 73 73 73 73
Reserves 2,854 3,282 3,748 4,222 4,522 5,301 5,826 6,066 5,926
295 353 291 247 205 498 594 597 535
671 726 859 988 1,090 1,282 1,484 1,599 1,692
Total Liabilities 3,894 4,435 4,970 5,531 5,891 7,154 7,977 8,335 8,227
1,821 2,073 2,104 2,300 2,610 2,587 2,702 4,250 4,698
CWIP 83 151 252 307 445 1,109 1,787 544 39
Investments 854 1,016 1,145 1,065 1,242 2,092 2,110 1,831 1,888
1,136 1,196 1,469 1,858 1,594 1,366 1,379 1,710 1,602
Total Assets 3,894 4,435 4,970 5,531 5,891 7,154 7,977 8,335 8,227

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
201 502 514 838 630 421 735 960
-352 -467 -395 -581 -634 -334 -804 -662
84 13 -116 -136 -146 226 12 -140
Net Cash Flow -67 49 3 122 -150 313 -58 158

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 60 58 60 56 50 43 29 23
Inventory Days 99 94 147 99 92 88 101 111
Days Payable 99 125 154 134 126 111 101 119
Cash Conversion Cycle 60 27 53 22 17 21 29 15
Working Capital Days 90 83 99 96 107 20 8 16
ROCE % 11% 18% 24% 11% 5% 13% 11%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
46.28% 46.28% 46.28% 46.28% 46.28% 46.28% 46.28% 46.28% 46.28% 46.28% 46.28% 46.28%
1.36% 1.36% 1.48% 1.52% 1.82% 2.05% 1.98% 2.07% 2.07% 1.98% 1.88% 2.07%
4.01% 2.39% 1.66% 1.63% 1.68% 1.63% 1.47% 1.45% 1.51% 1.51% 1.96% 2.17%
48.35% 49.97% 50.58% 50.58% 50.22% 50.04% 50.27% 50.19% 50.13% 50.22% 49.88% 49.49%
No. of Shareholders 64,30477,19877,22781,47477,77387,42887,08385,35484,09785,39388,02086,698

* 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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