Nath Bio-Genes (India) Ltd

Nath Bio-Genes (India) Ltd

₹ 191 0.63%
19 Apr - close price
About

Incorporated in 1993, Nath Bio-Genes Ltd
is in the business of Production, Processing,
and Marketing of Hybrid and GM Seeds[1]

Key Points

Business Overview:[1][2][3]
NBGL is a flagship company of Nath Group.
It is an agri-tech company in the business of developing and supplying quality BT, hybrid, and varietal seeds to farmers at affordable prices. It does the production and processing of commercial and vegetable seeds on lands taken on lease from various growers /farmers throughout India. The company enters into seed production agreements with these farmers/growers and compensates them for various cultivation expenses based on the rate agreement entered into

  • Market Cap 363 Cr.
  • Current Price 191
  • High / Low 245 / 155
  • Stock P/E 9.55
  • Book Value 318
  • Dividend Yield 1.05 %
  • ROCE 7.08 %
  • ROE 6.31 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.60 times its book value

Cons

  • The company has delivered a poor sales growth of 6.44% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 6.66% over last 3 years.
  • Dividend payout has been low at 4.00% of profits over last 3 years
  • Company has high debtors of 152 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: Miscellaneous Industry: Miscellaneous

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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
36.96 54.91 215.11 15.24 21.94 27.21 209.39 21.73 25.30 44.92 235.28 22.57 31.74
29.65 43.88 166.58 10.44 15.65 48.47 174.91 16.98 19.68 40.84 198.26 17.48 25.96
Operating Profit 7.31 11.03 48.53 4.80 6.29 -21.26 34.48 4.75 5.62 4.08 37.02 5.09 5.78
OPM % 19.78% 20.09% 22.56% 31.50% 28.67% -78.13% 16.47% 21.86% 22.21% 9.08% 15.73% 22.55% 18.21%
0.00 0.00 0.00 0.00 0.00 -88.05 0.00 0.20 0.06 0.26 0.12 0.06 2.54
Interest 2.10 2.73 2.66 2.78 2.70 2.47 2.88 2.75 2.96 1.53 2.76 2.44 2.84
Depreciation 0.67 0.81 0.68 0.68 0.68 1.05 0.67 0.67 0.67 0.99 0.76 0.76 0.76
Profit before tax 4.54 7.49 45.19 1.34 2.91 -112.83 30.93 1.53 2.05 1.82 33.62 1.95 4.72
Tax % 6.39% 4.67% 0.62% 8.21% 3.44% -3.07% 0.55% 3.92% 34.15% 12.64% 0.65% 17.95% 16.31%
4.25 7.14 44.91 1.23 2.81 -116.29 30.76 1.47 1.35 1.59 33.40 1.60 3.96
EPS in Rs 2.24 3.76 23.63 0.65 1.48 -61.19 16.19 0.77 0.71 0.84 17.58 0.84 2.08
Raw PDF

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
97 109 136 143 127 142 171 206 246 271 230 234 335
82 89 102 109 103 113 131 163 191 204 193 185 283
Operating Profit 15 20 34 35 25 29 40 43 55 67 37 49 52
OPM % 15% 18% 25% 24% 19% 20% 24% 21% 22% 25% 16% 21% 16%
1 1 1 1 1 0 1 2 2 2 -87 1 3
Interest 2 4 4 5 6 10 10 5 7 9 11 10 10
Depreciation 5 5 5 4 4 3 1 1 1 3 3 3 3
Profit before tax 9 12 26 26 15 17 30 39 49 57 -63 36 42
Tax % -1% 4% 5% 4% 6% 3% 2% 1% -4% 2% -6% 3%
9 12 24 25 14 16 29 38 50 56 -67 35 41
EPS in Rs 5.75 7.34 15.18 15.87 8.85 10.17 15.48 20.22 26.56 29.29 -35.43 18.51 21.34
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 7% -6% 11%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: -2%
TTM: 18%
Compounded Profit Growth
10 Years: 12%
5 Years: 4%
3 Years: -11%
TTM: 1036%
Stock Price CAGR
10 Years: 9%
5 Years: -16%
3 Years: -16%
1 Year: 16%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 7%
Last Year: 6%

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 16 16 16 16 16 16 19 19 19 19 19 19 19
Reserves 30 41 66 91 105 287 450 489 539 594 523 554 586
11 19 23 22 59 74 33 58 70 101 93 105 113
63 67 85 97 87 78 69 80 102 75 105 114 130
Total Liabilities 120 143 190 226 267 455 571 646 730 790 740 793 847
21 18 17 13 30 207 211 232 246 247 245 244 243
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 5 5 5 5 5 5 5 5 5 5 5 5
99 120 168 208 231 243 355 409 479 538 490 544 598
Total Assets 120 143 190 226 267 455 571 646 730 790 740 793 847

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
15 6 -14 3 -47 -23 9 1 17 38
-16 -2 -17 -4 -4 -20 -14 -10 -20 -3
1 -4 30 5 90 20 6 16 -22 -2
Net Cash Flow -0 -1 -0 5 39 -23 1 7 -25 34

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 47 70 95 114 130 133 175 191 159 147 136 152
Inventory Days 587 3,840 4,743 4,388
Days Payable 146 1,309 1,406 586
Cash Conversion Cycle 487 70 95 114 130 2,665 3,512 191 159 147 136 3,954
Working Capital Days 109 167 179 242 383 398 515 544 519 585 573 579
ROCE % 20% 24% 33% 26% 14% 10% 9% 8% 9% 10% 5% 7%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
41.03% 41.03% 41.03% 41.05% 41.07% 45.59% 45.59% 45.59% 45.59% 45.59% 45.59% 45.59%
0.18% 0.01% 0.04% 0.07% 0.11% 0.01% 0.15% 0.13% 0.07% 0.22% 0.32% 0.27%
10.87% 9.38% 7.17% 4.85% 4.62% 4.62% 4.62% 4.62% 4.62% 4.37% 4.37% 4.37%
47.92% 49.58% 51.76% 54.02% 54.20% 49.77% 49.62% 49.65% 49.71% 49.81% 49.72% 49.76%
No. of Shareholders 31,67333,27233,92635,61035,48435,47034,74933,96033,50234,36534,26335,132

* 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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