Sharda Cropchem Ltd

Sharda Cropchem Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sharda Cropchem Ltd

₹ 372 0.46%
23 Apr - close price
shardacropchem.com BSE: 538666 NSE : SHARDACROP
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.

Website BSE NSE
  • Market Cap ₹ 3,356 Cr.
  • Current Price ₹ 372
  • High / Low ₹ 580 / 318
  • Stock P/E 38.5
  • Book Value ₹ 232
  • Dividend Yield 1.61 %
  • ROCE 20.8 %
  • ROE 15.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has high debtors of 165 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: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
493.81 1,088.14 622.68 642.78 879.81 1,434.50 824.53 721.50 1,017.30 1,481.82 637.75 580.76 632.46
385.04 884.99 508.14 553.04 691.46 1,144.23 771.65 656.45 810.38 1,163.58 697.02 559.57 562.98
Operating Profit 108.77 203.15 114.54 89.74 188.35 290.27 52.88 65.05 206.92 318.24 -59.27 21.19 69.48
OPM % 22.03% 18.67% 18.39% 13.96% 21.41% 20.23% 6.41% 9.02% 20.34% 21.48% -9.29% 3.65% 10.99%
9.74 16.76 6.46 12.85 6.91 2.66 20.25 10.25 2.74 7.04 26.02 23.59 12.16
Interest 0.45 0.77 0.61 0.44 0.43 0.73 0.76 0.36 0.91 2.48 1.29 4.65 0.90
Depreciation 40.43 52.22 53.92 60.64 59.04 71.74 54.73 60.40 65.32 67.66 70.28 73.97 68.63
Profit before tax 77.63 166.92 66.47 41.51 135.79 220.46 17.64 14.54 143.43 255.14 -104.82 -33.84 12.11
Tax % 37.78% 19.76% 42.73% 22.86% 24.74% 19.72% -28.34% 16.92% 24.42% 22.06% 15.43% 18.47% 61.77%
48.30 133.93 38.06 32.02 102.20 176.99 22.64 12.08 108.40 198.85 -88.64 -27.58 4.64
EPS in Rs 5.35 14.84 4.22 3.55 11.33 19.62 2.51 1.34 12.01 22.04 -9.82 -3.06 0.51
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
614 778 790 1,061 1,222 1,399 1,707 1,998 2,003 2,396 3,580 4,045 3,333
492 639 630 878 941 1,075 1,343 1,621 1,653 1,945 2,884 3,386 2,983
Operating Profit 121 138 160 183 281 324 364 376 350 450 696 659 350
OPM % 20% 18% 20% 17% 23% 23% 21% 19% 17% 19% 19% 16% 10%
8 16 32 25 23 14 9 -22 -12 46 29 40 69
Interest 0 0 8 9 8 9 15 20 16 16 15 20 9
Depreciation 43 37 29 23 35 56 70 99 137 170 245 248 281
Profit before tax 86 118 155 175 261 272 287 235 185 309 464 431 129
Tax % 21% 28% 29% 30% 33% 30% 34% 25% 11% 26% 25% 21%
68 84 111 123 175 190 191 176 165 229 349 342 87
EPS in Rs 7.62 9.35 12.31 13.63 19.41 21.11 21.14 19.55 18.25 25.40 38.71 37.90 9.67
Dividend Payout % 0% 0% 16% 18% 21% 19% 19% 20% 22% 20% 16% 16%
Compounded Sales Growth
10 Years: 18%
5 Years: 19%
3 Years: 26%
TTM: -17%
Compounded Profit Growth
10 Years: 15%
5 Years: 11%
3 Years: 18%
TTM: -73%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: 8%
1 Year: -17%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 17%
Last Year: 16%

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 Sep 2023
Equity Capital 90 90 90 90 90 90 90 90 90 90 90 90 90
Reserves 303 377 466 564 715 870 1,045 1,194 1,313 1,524 1,822 2,142 1,998
3 46 40 38 2 0 170 0 0 81 47 3 20
237 284 319 354 522 686 914 914 940 1,163 1,779 2,108 1,228
Total Liabilities 634 796 914 1,047 1,329 1,646 2,219 2,198 2,343 2,858 3,738 4,343 3,337
58 64 64 88 130 210 226 372 416 544 592 668 942
CWIP 63 88 133 149 210 232 360 220 161 131 212 204 0
Investments 36 97 174 95 90 61 22 212 116 83 134 32 28
476 547 542 715 899 1,143 1,611 1,394 1,650 2,099 2,800 3,439 2,367
Total Assets 634 796 914 1,047 1,329 1,646 2,219 2,198 2,343 2,858 3,738 4,343 3,337

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
156 46 197 181 17 556 146 246 267 328
-145 -19 -113 -104 -160 -351 -59 -282 -205 -112
-22 -24 -89 -38 132 -215 -60 43 -91 -97
Net Cash Flow -11 3 -6 40 -11 -11 27 8 -29 120

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 194 178 185 156 185 175 191 148 180 177 157 165
Inventory Days 89 62 57 72 74 117 169 96 100 117 130 145
Days Payable 152 130 146 117 179 186 202 167 180 180 172 176
Cash Conversion Cycle 131 111 97 111 81 106 158 77 100 114 115 134
Working Capital Days 121 101 85 95 96 99 130 71 101 105 92 97
ROCE % 24% 26% 28% 27% 36% 32% 27% 23% 18% 21% 26% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82% 74.82%
1.19% 0.89% 1.00% 1.69% 2.16% 2.37% 2.41% 2.14% 2.00% 2.01% 2.06% 2.14%
16.52% 13.55% 12.74% 12.84% 12.76% 12.93% 12.61% 12.93% 12.75% 12.29% 12.42% 12.41%
7.47% 10.74% 11.44% 10.64% 10.26% 9.88% 10.15% 10.09% 10.44% 10.87% 10.70% 10.63%
No. of Shareholders 32,26337,73235,80347,89861,04958,19261,10654,22252,12656,48356,85861,075

* 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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