National Peroxide Ltd

National Peroxide Ltd

₹ 978 -0.64%
06 Dec 2:16 p.m.
About

National Peroxide Ltd is engaged in the business of manufacturing Hydrogen Peroxide and other products. It is the largest manufacturer of hydrogen peroxide in India.
[1]

Key Points

Part of Wadia Group
The Wadia Group is one of the oldest conglomerates in India with presence in diversified industries, including FMCG, real estate, textiles, chemicals, aviation and food processing. Four companies in the Wadia Group are listed on Indian Stock Exchanges, including Britannia, Bombay Burmah , Bombay Dyeing and National Peroxide Limited. [1]

  • Market Cap 562 Cr.
  • Current Price 978
  • High / Low 1,796 / 892
  • Stock P/E 15.9
  • Book Value 1,597
  • Dividend Yield 0.10 %
  • ROCE 4.88 %
  • ROE 3.36 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.62 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 31.5 to 23.5 days.
  • Company's working capital requirements have reduced from 107 days to 70.7 days

Cons

  • Company has a low return on equity of 2.32% 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: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
30.46 53.88 66.51 64.15 28.68 67.55 79.74 49.96 75.80 97.20 115.15 88.33 79.54
28.27 35.78 49.93 58.45 39.85 54.67 62.34 51.95 71.65 90.23 87.96 69.84 70.18
Operating Profit 2.19 18.10 16.58 5.70 -11.17 12.88 17.40 -1.99 4.15 6.97 27.19 18.49 9.36
OPM % 7.19% 33.59% 24.93% 8.89% -38.95% 19.07% 21.82% -3.98% 5.47% 7.17% 23.61% 20.93% 11.77%
2.79 3.20 3.25 -9.37 3.18 3.97 1.27 8.67 17.44 3.16 3.30 1.41 1.23
Interest 3.39 3.12 3.23 2.91 2.48 2.31 2.08 1.96 1.81 1.70 1.53 1.18 0.32
Depreciation 4.41 4.46 4.38 4.24 4.26 4.37 4.44 4.36 4.45 4.57 5.62 4.51 4.58
Profit before tax -2.82 13.72 12.22 -10.82 -14.73 10.17 12.15 0.36 15.33 3.86 23.34 14.21 5.69
Tax % 36.52% -62.83% 26.35% 22.64% 27.70% 28.32% 27.33% 111.11% 25.64% 19.69% 25.45% 25.26% 24.08%
-1.79 22.33 9.00 -8.37 -10.65 7.29 8.84 -0.05 11.41 3.10 17.40 10.61 4.32
EPS in Rs -3.14 39.18 15.79 -14.68 -18.68 12.79 15.51 -0.09 20.02 5.44 30.53 18.61 7.58
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
155 213 236 197 234 233 306 402 191 215 226 376 380
107 146 173 174 197 163 162 175 166 170 209 319 318
Operating Profit 48 67 63 22 36 70 144 227 26 45 17 57 62
OPM % 31% 32% 27% 11% 16% 30% 47% 56% 13% 21% 8% 15% 16%
2 5 7 6 7 -2 12 19 18 -3 17 25 9
Interest 0 0 0 5 5 2 1 1 3 13 9 6 5
Depreciation 10 11 10 7 9 9 9 9 11 18 17 19 19
Profit before tax 39 61 60 17 29 58 147 236 30 12 8 57 47
Tax % 29% 34% 33% 60% 37% 33% 35% 35% 39% -72% 32% 25%
28 40 40 7 18 39 96 154 18 21 5 43 35
EPS in Rs 48.88 70.28 70.07 11.72 32.37 67.79 168.14 269.82 31.44 37.16 9.53 74.58 62.16
Dividend Payout % 25% 22% 22% 43% 31% 51% 39% 24% 40% 34% 53% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 4%
3 Years: 25%
TTM: 39%
Compounded Profit Growth
10 Years: -3%
5 Years: -20%
3 Years: 20%
TTM: 275%
Stock Price CAGR
10 Years: 12%
5 Years: -21%
3 Years: -12%
1 Year: -11%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 2%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 144 174 204 207 218 736 1,011 1,168 796 1,061 905 905
5 1 4 73 30 11 0 80 161 125 94 14
47 57 59 62 60 55 76 88 95 71 63 76
Total Liabilities 202 238 273 348 314 807 1,093 1,342 1,058 1,263 1,068 1,001
118 110 117 187 180 178 170 166 372 342 338 327
CWIP 3 3 41 4 3 2 6 75 0 3 4 3
Investments 25 60 13 13 10 538 762 750 492 746 655 587
57 64 102 144 121 90 156 350 193 172 71 85
Total Assets 202 238 273 348 314 807 1,093 1,342 1,058 1,263 1,068 1,001

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
47 42 29 22 22 60 95 148 16 61 9 69
-35 -30 -22 -75 30 -33 -56 -175 -39 -7 34 26
-12 -13 -7 54 -51 -28 -35 35 14 -49 -49 -89
Net Cash Flow 0 -1 0 1 0 -1 3 8 -9 5 -6 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 57 54 50 69 51 52 63 28 62 40 30 24
Inventory Days 99 56 134 76 65 66 65 134 108 80 98 73
Days Payable 182 175 126 120 83 115 90 101 83 94 46 45
Cash Conversion Cycle -25 -64 59 25 33 3 39 61 87 26 82 51
Working Capital Days 49 26 71 150 101 64 115 237 -50 207 43 71
ROCE % 27% 36% 30% 9% 13% 13% 17% 21% 3% 4% 1%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
70.76% 70.76% 70.76% 70.76% 70.76% 70.76% 70.76% 70.76% 70.76% 70.76% 70.76% 70.77%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07%
0.03% 0.03% 0.07% 0.25% 0.25% 0.25% 0.25% 0.27% 0.27% 0.01% 0.01% 0.01%
29.20% 29.20% 29.17% 28.99% 28.99% 28.99% 28.99% 28.97% 28.96% 29.23% 29.23% 29.16%
No. of Shareholders 18,59418,19319,09020,05420,10919,89519,64519,27519,04818,90918,63219,054

* 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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