Nova Agritech Ltd

Nova Agritech Ltd

₹ 52.9 -1.03%
26 Apr - close price
About

Incorporated in 2007, Nova Agri Tech Ltd
is an agri-input manufacturer offering soil
health management, crop nutrition and crop protection products[1]

Key Points

Business Overview:[1]
NATL is a part of Nova Group. It is primarily
into manufacturing and marketing of bio-fertilizers, bio-pesticides, organic fertilizers, micro, and macronutrients. It sells to dealers, and also directly to the farmers. Company also manufactures pesticides through its 100% owned subsidiary viz. Nova Agri Sciences Private Limited (NASPL)

  • Market Cap 489 Cr.
  • Current Price 52.9
  • High / Low 78.5 / 50.2
  • Stock P/E 23.9
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 30.5 %
  • ROE 38.3 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 26.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.8%

Cons

  • Promoter holding has decreased over last quarter: -24.9%
  • Company has high debtors of 183 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Sep 2023 Dec 2023
55.73 68.29 78.48
45.45 56.04 63.43
Operating Profit 10.28 12.25 15.05
OPM % 18.45% 17.94% 19.18%
0.00 0.03 0.00
Interest 2.02 2.16 2.23
Depreciation 0.66 0.51 0.52
Profit before tax 7.60 9.61 12.30
Tax % 26.84% 27.89% 21.63%
5.56 6.94 9.64
EPS in Rs 4.43 1.06 1.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
116 131 138 161 186 211
100 118 123 142 158 172
Operating Profit 15 13 15 18 28 39
OPM % 13% 10% 11% 11% 15% 18%
0 0 0 0 0 0
Interest 3 4 6 8 7 9
Depreciation 2 2 2 2 2 2
Profit before tax 10 7 6 9 18 28
Tax % 34% 34% 36% 27% 26% 27%
6 5 4 6 14 20
EPS in Rs 5.10 3.90 3.09 5.02 10.92 3.14
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 15%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 26%
3 Years: 74%
TTM: 50%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 28%
3 Years: 34%
Last Year: 38%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 13 13 13 13 13 13 13
Reserves 9 14 18 17 31 51 62
30 31 46 51 64 71 68
45 61 64 67 53 46 54
Total Liabilities 97 119 141 147 160 181 196
15 17 16 17 18 17 16
CWIP 2 1 0 0 0 1 1
Investments 0 0 0 0 0 0 0
80 102 125 130 142 163 180
Total Assets 97 119 141 147 160 181 196

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 3 -8 5 2 5
-6 -3 -1 -3 -4 -2
3 -1 10 -2 3 -2
Net Cash Flow -0 0 -0 0 1 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 132 159 213 193 183 183
Inventory Days 197 208 192 133 122 123
Days Payable 207 233 225 174 108 80
Cash Conversion Cycle 123 134 180 152 197 226
Working Capital Days 105 112 159 144 166 192
ROCE % 20% 19% 21% 27% 31%

Shareholding Pattern

Numbers in percentages

9 Recently
Mar 2024
59.38%
4.72%
3.27%
29.92%
2.70%
No. of Shareholders 82,101

* 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.

Click on the line-items to see the names of individual entities.

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