Narmada Gelatines Ltd

₹ 199 2.20%
12 Aug - close price
About

Incorporated in 1969, Narmada Gelatines Ltd is engaged in the manufacture and sale of Ossein and Gelatine.

Key Points

Business Overview:[1]
Company is engaged in the manufacture of ossein and gelatin. It is located at Jabalpur and has access to its main and essential inputs of crushed bones, acid, lime and water.

  • Market Cap 121 Cr.
  • Current Price 199
  • High / Low 244 / 160
  • Stock P/E 10.6
  • Book Value 240
  • Dividend Yield 5.02 %
  • ROCE 10.9 %
  • ROE 8.70 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.83 times its book value
  • Stock is providing a good dividend yield of 5.02%.
  • Company has delivered good profit growth of 29.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 55.8%
  • Debtor days have improved from 46.4 to 36.2 days.

Cons

  • The company has delivered a poor sales growth of 6.89% over past five years.
  • Company has a low return on equity of 6.72% for last 3 years.

* 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: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
34.25 33.08 32.52 34.40 25.67 30.56 38.37 40.25 37.25 35.12 43.50 41.29 43.23
30.00 29.56 29.35 31.21 23.33 28.95 37.16 37.87 34.75 34.21 37.78 36.23 40.22
Operating Profit 4.25 3.52 3.17 3.19 2.34 1.61 1.21 2.38 2.50 0.91 5.72 5.06 3.01
OPM % 12.41% 10.64% 9.75% 9.27% 9.12% 5.27% 3.15% 5.91% 6.71% 2.59% 13.15% 12.25% 6.96%
1.51 1.40 1.74 0.91 2.28 1.03 1.69 0.51 1.01 1.13 0.61 0.65 0.20
Interest 0.03 0.05 0.06 0.34 0.05 0.04 0.02 0.06 0.05 0.03 0.00 0.00 0.00
Depreciation 0.33 0.34 0.34 0.36 0.36 0.36 0.37 0.39 0.41 0.41 0.44 0.82 0.48
Profit before tax 5.40 4.53 4.51 3.40 4.21 2.24 2.51 2.44 3.05 1.60 5.89 4.89 2.73
Tax % 32.22% 2.65% 53.88% 19.41% 20.19% 31.25% 27.09% 29.51% -5.57% 23.12% 25.30% 28.43% 19.41%
Net Profit 3.66 4.41 2.08 2.74 3.36 1.54 1.83 1.72 3.22 1.23 4.40 3.50 2.20
EPS in Rs 6.05 7.29 3.44 4.53 5.55 2.55 3.02 2.84 5.32 2.03 7.27 5.79 3.64

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
91 107 122 130 134 131 113 118 126 134 135 157 163
76 91 100 106 113 120 109 112 116 120 127 143 148
Operating Profit 15 15 22 24 21 11 4 5 9 14 8 14 15
OPM % 16% 14% 18% 19% 16% 8% 3% 5% 7% 11% 6% 9% 9%
1 3 2 3 4 3 6 4 5 6 6 3 3
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 1 1 1 1 1 1 1 2 2
Profit before tax 14 16 22 25 23 13 8 8 13 18 11 15 15
Tax % 33% 31% 29% 35% 34% 36% 27% 5% 24% 28% 26% 20%
Net Profit 9 11 15 16 16 8 6 8 10 13 8 12 11
EPS in Rs 15.78 18.43 25.67 27.10 25.62 13.70 10.10 13.29 16.63 21.29 13.98 20.41 18.73
Dividend Payout % 17% 16% 13% 12% 14% 29% 40% 30% 60% 47% 72% 49%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 8%
TTM: 11%
Compounded Profit Growth
10 Years: 2%
5 Years: 29%
3 Years: 22%
TTM: 36%
Stock Price CAGR
10 Years: 8%
5 Years: 6%
3 Years: 10%
1 Year: -3%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 7%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4 4 4 4 6 6 6 6 6 6 6 6
Reserves 52 61 74 88 98 103 112 118 125 130 133 139
1 2 0 2 1 2 0 0 2 0 0 0
13 16 14 16 15 17 21 16 22 24 26 25
Total Liabilities 70 83 92 109 120 128 140 140 155 161 165 170
21 23 25 24 23 23 22 25 24 26 29 27
CWIP 0 1 1 0 0 0 0 0 1 2 0 0
Investments 6 4 13 25 27 34 45 53 68 65 50 48
43 55 54 61 70 72 73 62 61 69 85 94
Total Assets 70 83 92 109 120 128 140 140 155 161 165 170

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4 5 15 10 6 7 7 9 12 5 3 2
-2 -1 -10 -10 -0 -7 -2 -2 -5 -4 6 10
-1 -0 -4 -1 -3 -2 -5 -3 -1 -9 -7 -6
Net Cash Flow 1 4 1 -1 3 -2 0 4 6 -8 2 6

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 53 48 38 40 41 47 52 59 56 55 48 36
Inventory Days 135 172 157 174 194 169 192 144 144 166 166 185
Days Payable 37 44 33 33 21 23 52 40 62 63 62 57
Cash Conversion Cycle 151 176 162 182 214 193 193 163 138 158 152 164
Working Capital Days 95 102 89 102 120 124 146 127 101 109 115 124
ROCE % 26% 24% 29% 28% 21% 12% 4% 5% 7% 11% 5% 11%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
24.99 24.99 24.99 24.99 24.99 24.99 24.99 24.99 24.99 24.99 24.99 24.99

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