Nova Agritech Ltd
Incorporated in 2007, Nova Agri Tech Ltd
is an agri-input manufacturer offering soil
health management, crop nutrition and crop protection products[1]
- Market Cap ₹ 655 Cr.
- Current Price ₹ 70.8
- High / Low ₹ 94.1 / 45.0
- Stock P/E 22.6
- Book Value ₹ 22.1
- Dividend Yield 0.00 %
- ROCE 21.8 %
- ROE 22.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 42.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 178 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|
116 | 131 | 138 | 161 | 186 | 211 | 252 | 274 | |
100 | 118 | 123 | 142 | 158 | 172 | 208 | 231 | |
Operating Profit | 15 | 13 | 15 | 18 | 28 | 39 | 44 | 43 |
OPM % | 13% | 10% | 11% | 11% | 15% | 18% | 18% | 16% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
Interest | 3 | 4 | 6 | 8 | 7 | 9 | 9 | 7 |
Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Profit before tax | 10 | 7 | 6 | 9 | 18 | 28 | 33 | 34 |
Tax % | 34% | 34% | 36% | 27% | 26% | 27% | 15% | |
6 | 5 | 4 | 6 | 14 | 20 | 28 | 29 | |
EPS in Rs | 5.10 | 3.90 | 3.09 | 5.02 | 10.92 | 3.14 | 3.06 | 3.56 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 16% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 42% |
3 Years: | 65% |
TTM: | 21% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 29% |
Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 18 | 18 |
Reserves | 9 | 14 | 18 | 17 | 31 | 51 | 175 | 186 |
30 | 31 | 46 | 51 | 64 | 71 | 61 | 56 | |
45 | 61 | 64 | 67 | 53 | 46 | 44 | 39 | |
Total Liabilities | 97 | 119 | 141 | 147 | 160 | 181 | 298 | 300 |
15 | 17 | 16 | 17 | 18 | 17 | 16 | 17 | |
CWIP | 2 | 1 | 0 | 0 | 0 | 1 | 1 | 3 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
80 | 102 | 125 | 130 | 142 | 163 | 282 | 280 | |
Total Assets | 97 | 119 | 141 | 147 | 160 | 181 | 298 | 300 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
3 | 3 | -8 | 5 | 2 | 6 | 1 | |
-6 | -3 | -1 | -3 | -4 | -2 | -23 | |
3 | -1 | 10 | -2 | 3 | -2 | 82 | |
Net Cash Flow | -0 | 0 | -0 | 0 | 1 | 2 | 59 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 132 | 159 | 213 | 193 | 183 | 183 | 178 |
Inventory Days | 197 | 208 | 192 | 133 | 122 | 123 | 114 |
Days Payable | 207 | 233 | 225 | 174 | 108 | 80 | 60 |
Cash Conversion Cycle | 123 | 134 | 180 | 152 | 197 | 226 | 233 |
Working Capital Days | 105 | 112 | 159 | 144 | 166 | 192 | 209 |
ROCE % | 20% | 19% | 21% | 27% | 31% | 22% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
12 Nov - Resignation of Vice President – Legal and HR effective 26th Nov 2024.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Nov - Newspaper Publication w.r.t. Financial Results as on 30.09.2024
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
8 Nov - Monitoring Agency Report for IPO proceeds utilization.
-
Statement Of Deviation
8 Nov - No deviation in IPO proceeds utilization reported.
-
Board Meeting Outcome for Outcome - Financial Results 30.09.2024
8 Nov - Board meeting outcome: approved financial results for Q2 2024.
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)