Khaitan Chemicals & Fertilizers Ltd
Khaitan Chemicals and Fertilizers Limited is engaged in the manufacturing of Single Super Phosphate Fertilisers, Sulphuric Acid and its variants, Processing of Oil Seed and selling of Wind Power. [1]
- Market Cap ₹ 667 Cr.
- Current Price ₹ 68.6
- High / Low ₹ 96.3 / 59.9
- Stock P/E
- Book Value ₹ 22.7
- Dividend Yield 0.44 %
- ROCE -7.59 %
- ROE -27.4 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 3.02 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.54% over past five years.
- Company has a low return on equity of 6.44% over last 3 years.
- Working capital days have increased from 175 days to 274 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: Fertilizers Industry: Fertilizers
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
455 | 388 | 329 | 392 | 359 | 353 | 373 | 437 | 481 | 824 | 888 | 536 | |
428 | 370 | 295 | 352 | 320 | 317 | 330 | 391 | 421 | 700 | 810 | 566 | |
Operating Profit | 27 | 18 | 35 | 40 | 38 | 36 | 43 | 46 | 59 | 124 | 78 | -30 |
OPM % | 6% | 5% | 11% | 10% | 11% | 10% | 11% | 11% | 12% | 15% | 9% | -6% |
8 | 9 | 3 | 2 | 3 | 1 | 1 | 2 | 0 | -1 | 6 | 2 | |
Interest | 26 | 25 | 30 | 30 | 31 | 26 | 22 | 18 | 14 | 13 | 20 | 32 |
Depreciation | 7 | 8 | 9 | 9 | 8 | 9 | 9 | 9 | 7 | 7 | 9 | 12 |
Profit before tax | 2 | -6 | -2 | 3 | 2 | 2 | 13 | 22 | 40 | 102 | 56 | -72 |
Tax % | -7% | 74% | 309% | 51% | 22% | 32% | 37% | 30% | 37% | 22% | 24% | 2% |
2 | -2 | 4 | 2 | 2 | 2 | 8 | 15 | 25 | 80 | 42 | -70 | |
EPS in Rs | 0.22 | -0.17 | 0.36 | 0.17 | 0.17 | 0.17 | 0.81 | 1.55 | 2.56 | 8.20 | 4.34 | -7.27 |
Dividend Payout % | 23% | -30% | 14% | 29% | 29% | 30% | 6% | 13% | 10% | 4% | 7% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 8% |
3 Years: | 4% |
TTM: | -40% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -289% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 53% |
3 Years: | 27% |
1 Year: | -1% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 6% |
Last Year: | -27% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 117 | 115 | 116 | 118 | 119 | 121 | 128 | 143 | 165 | 243 | 284 | 211 |
318 | 213 | 225 | 232 | 239 | 202 | 137 | 140 | 79 | 142 | 229 | 316 | |
49 | 49 | 47 | 41 | 69 | 59 | 78 | 98 | 102 | 177 | 186 | 87 | |
Total Liabilities | 494 | 386 | 399 | 400 | 438 | 391 | 353 | 392 | 355 | 572 | 708 | 623 |
92 | 123 | 124 | 118 | 118 | 114 | 108 | 102 | 100 | 102 | 129 | 132 | |
CWIP | 16 | 4 | 0 | 1 | 2 | 1 | 0 | 0 | 0 | 5 | 3 | 2 |
Investments | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 1 | 2 | 3 | 3 | 4 |
386 | 259 | 274 | 281 | 316 | 275 | 244 | 288 | 254 | 461 | 572 | 485 | |
Total Assets | 494 | 386 | 399 | 400 | 438 | 391 | 353 | 392 | 355 | 572 | 708 | 623 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-44 | 175 | 21 | 26 | 32 | 64 | 92 | 16 | 84 | 27 | -88 | -55 | |
-17 | -23 | -8 | -2 | -9 | 0 | -4 | 1 | -6 | -20 | -22 | 2 | |
60 | -151 | -13 | -24 | -23 | -65 | -88 | -17 | -79 | 40 | 63 | 54 | |
Net Cash Flow | -0 | 1 | 0 | -1 | -0 | -0 | 0 | 0 | -0 | 47 | -47 | -0 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 45 | 44 | 61 | 87 | 93 | 102 | 58 | 45 | 33 | 17 | 27 | 33 |
Inventory Days | 205 | 185 | 231 | 94 | 182 | 128 | 147 | 162 | 157 | 158 | 159 | 255 |
Days Payable | 29 | 38 | 50 | 34 | 71 | 66 | 84 | 73 | 66 | 75 | 74 | 47 |
Cash Conversion Cycle | 221 | 191 | 243 | 146 | 204 | 164 | 121 | 133 | 124 | 101 | 112 | 242 |
Working Capital Days | 245 | 182 | 233 | 207 | 237 | 210 | 149 | 149 | 121 | 99 | 153 | 274 |
ROCE % | 6% | 3% | 8% | 9% | 9% | 8% | 11% | 14% | 20% | 36% | 15% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
24 May - Copy of audited financial results for the year ended 31.03.2024.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 24 May
- The Board Has Approved The Audited Financial Results Of The Company For The Quarter And Financial Year Ended March 31, 2024. Independent Auditors' Report On The Audited Financial Results Of The Company For The Financial Year Ended 31°T March, 2024, With Unmodified Opinion And The Declaration In This Regard Is Enclosed. 23 May
-
Appointment of Company Secretary and Compliance Officer
23 May - Appointment of Mrs. Sejal Maheshwari as Company Secretary & Complaince officer of the Company
- Board Meeting Outcome for Audited Results Together With The Auditors' Report For Quarter And Financial Year Ended March 31, 2024, 23 May
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Segments
Fertilizer Division: The Co is the leading producer of Single Super Phosphate (SSP) fertilizer. The fertilizer is available in popular brand names such as Khaitan Single super Phosphate and Utsav Single super Phosphate.
Chemicals and Speciality Chemicals Division: The Co manufactures sulphuric acid and its variants under the chemical division.
Soya Division: The company stopped operating the solvent plants a few years ago due to numerous speculative activities being undertaken by industry players. The Board of Directors has suggested selling all of this division's assets.. [1] [2]