Sharda Cropchem Ltd

Sharda Cropchem Ltd

₹ 364 -0.37%
23 Feb 4:01 p.m.
About

Sharda Cropchem is principally engaged in export of agrochemicals (technical grade and formulations) and non-agro products such as conveyor belts, rubber belts/sheets, dyes and dye intermediates to various countries across the world.

Key Points

Asset Light Business Model[1]
The company follows an asset light business model as they focus on Identification of generic molecules, preparing dossiers, seeking registrations, marketing & distributing formulation. The company outsources the manufacturing of AI's and other formulations and this has resulted in cost competitiveness across various geographies.

  • Market Cap 3,290 Cr.
  • Current Price 364
  • High / Low 580 / 362
  • Stock P/E 19.9
  • Book Value 210
  • Dividend Yield 1.65 %
  • ROCE 21.9 %
  • ROE 16.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 19.1%
  • Company's median sales growth is 20.8% of last 10 years

Cons

  • Earnings include an other income of Rs.274 Cr.
  • Company has high debtors of 184 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.

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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
385 992 521 483 710 1,232 580 587 853 1,292 487 431 498
295 803 411 404 551 989 578 548 682 1,015 567 442 464
Operating Profit 91 189 109 80 159 243 2 39 172 277 -80 -10 34
OPM % 24% 19% 21% 16% 22% 20% 0% 7% 20% 21% -17% -2% 7%
32 10 28 12 6 2 20 33 63 58 81 54 81
Interest 0 0 0 0 0 1 1 0 1 2 1 4 0
Depreciation 40 52 54 61 59 72 55 60 65 68 70 74 69
Profit before tax 82 146 83 31 106 173 -34 11 169 265 -70 -34 45
Tax % 32% 21% 33% 29% 30% 24% 24% 23% 23% 20% 22% 19% 19%
56 115 56 22 74 132 -26 9 131 211 -55 -28 37
EPS in Rs 6.23 12.71 6.15 2.41 8.21 14.59 -2.83 0.94 14.51 23.37 -6.08 -3.07 4.08
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
346 556 541 769 934 1,129 1,470 1,604 1,616 2,033 2,946 3,313 2,708
261 435 408 614 700 851 1,129 1,326 1,386 1,644 2,344 2,809 2,488
Operating Profit 86 121 132 156 235 279 341 278 230 389 603 504 220
OPM % 25% 22% 24% 20% 25% 25% 23% 17% 14% 19% 20% 15% 8%
6 19 35 24 63 56 33 56 130 81 48 173 274
Interest 0 0 5 7 7 8 14 19 15 14 13 18 7
Depreciation 37 37 29 23 35 56 70 99 137 170 245 248 280
Profit before tax 55 104 133 150 256 270 290 217 209 285 392 411 206
Tax % 32% 32% 33% 35% 33% 30% 33% 34% 8% 26% 28% 21%
38 70 89 98 172 189 193 144 192 210 283 325 165
EPS in Rs 4.16 7.80 9.83 10.88 19.08 20.92 21.44 15.96 21.27 23.25 31.36 35.99 18.30
Dividend Payout % 0% 0% 20% 23% 16% 19% 19% 25% 19% 22% 19% 17%
Compounded Sales Growth
10 Years: 20%
5 Years: 18%
3 Years: 27%
TTM: -17%
Compounded Profit Growth
10 Years: 16%
5 Years: 10%
3 Years: 19%
TTM: -33%
Stock Price CAGR
10 Years: %
5 Years: 1%
3 Years: 2%
1 Year: -24%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 16%
Last Year: 17%

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 90 90 90 90 90 90 90 90 90 90 90 90 90
Reserves 303 363 426 497 647 800 975 1,083 1,221 1,412 1,641 1,912 1,802
3 0 0 38 2 0 170 0 0 81 47 0 18
235 253 268 298 452 636 840 867 881 1,106 1,652 2,006 1,156
Total Liabilities 630 706 785 923 1,191 1,526 2,075 2,040 2,192 2,690 3,431 4,008 3,067
58 64 63 87 129 209 226 371 416 544 592 668 942
CWIP 63 88 133 149 210 232 360 220 161 131 212 204 0
Investments 37 98 176 96 92 62 24 213 117 84 136 33 29
472 455 412 591 761 1,022 1,465 1,236 1,498 1,931 2,491 3,103 2,096
Total Assets 630 706 785 923 1,191 1,526 2,075 2,040 2,192 2,690 3,431 4,008 3,067

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
34 122 143 14 142 123 -15 513 53 202 277 140
-11 -110 -146 -25 -65 -75 -139 -314 24 -238 -183 -1
-0 -13 -10 16 -89 -20 132 -215 -60 44 -90 -98
Net Cash Flow 22 -1 -13 6 -12 28 -21 -16 18 9 4 41

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 341 197 193 165 200 196 206 168 208 196 163 184
Inventory Days 167 81 72 85 82 133 187 110 116 127 151 166
Days Payable 294 165 191 144 215 223 223 200 211 203 194 203
Cash Conversion Cycle 214 113 74 105 68 106 170 79 113 121 120 147
Working Capital Days 213 104 76 100 93 100 139 74 116 113 92 105
ROCE % 18% 24% 27% 26% 39% 34% 29% 19% 17% 20% 24% 22%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82%
3.15% 1.19% 0.89% 1.00% 1.69% 2.16% 2.37% 2.41% 2.14% 2.00% 2.01% 2.06%
16.66% 16.52% 13.55% 12.74% 12.84% 12.76% 12.93% 12.61% 12.93% 12.75% 12.29% 12.42%
5.37% 7.47% 10.74% 11.44% 10.64% 10.26% 9.88% 10.15% 10.09% 10.44% 10.87% 10.70%
No. of Shareholders 25,87832,26337,73235,80347,89861,04958,19261,10654,22252,12656,48356,858

* 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.

Documents

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