Sharda Cropchem Ltd
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.
- Market Cap ₹ 3,904 Cr.
- Current Price ₹ 433
- High / Low ₹ 580 / 388
- Stock P/E 20.4
- Book Value ₹ 232
- Dividend Yield 1.39 %
- ROCE 20.8 %
- ROE 15.9 %
- Face Value ₹ 10.0
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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 3,718 | |
492 | 639 | 630 | 878 | 941 | 1,075 | 1,343 | 1,621 | 1,653 | 1,945 | 2,884 | 3,386 | 3,231 | |
Operating Profit | 121 | 138 | 160 | 183 | 281 | 324 | 364 | 376 | 350 | 450 | 696 | 659 | 487 |
OPM % | 20% | 18% | 20% | 17% | 23% | 23% | 21% | 19% | 17% | 19% | 19% | 16% | 13% |
8 | 16 | 32 | 25 | 23 | 14 | 9 | -22 | -12 | 46 | 29 | 40 | 59 | |
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 | 277 |
Profit before tax | 86 | 118 | 155 | 175 | 261 | 272 | 287 | 235 | 185 | 309 | 464 | 431 | 260 |
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 | 191 | |
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 | 21.17 |
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: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 11% |
3 Years: | 18% |
TTM: | -39% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 16% |
1 Year: | -13% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1 Nov - Of schedule of Analyst / Institutional Investor meeting under Regulation 30 of SEBI (LODR) Regulations, 2015.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Oct - Newspaper Advertisement of Unaudited Financial Results for the quarter and half year ended 30th September, 2023.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
23 Oct - Disclosure pursuant to Regulation 30 read with part A of Schedule III of SEBI (LODR) Regulations, 2015.
- Compliance Under Regulation 23(9) Of The SEBI (LODR) Regulations, 2015. 21 Oct
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Announcement under Regulation 30 (LODR)-Investor Presentation
21 Oct - Presentation to be made to the Investors / Analysts on the financial results of the Company for the quarter and half year ended 30th September, …
Annual reports
Concalls
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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.