Narmada Gelatines Ltd

Narmada Gelatines Ltd

₹ 405 0.90%
11 Dec 4:00 p.m.
About

Incorporated in 1969, Narmada Gelatines Ltd manufactures and sells Gelatine and Ossein[1]

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 244 Cr.
  • Current Price 405
  • High / Low 455 / 320
  • Stock P/E 15.6
  • Book Value 183
  • Dividend Yield 2.47 %
  • ROCE 20.0 %
  • ROE 14.7 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 161%

Cons

  • The company has delivered a poor sales growth of 7.66% over past five years.
  • Company has a low return on equity of 11.0% over 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
35.12 43.50 41.35 43.29 46.38 51.58 49.86 43.66 41.59 47.08 49.47 43.22 47.91
34.21 37.78 36.23 40.22 43.41 44.57 43.18 37.57 37.71 42.38 41.75 37.93 42.68
Operating Profit 0.91 5.72 5.12 3.07 2.97 7.01 6.68 6.09 3.88 4.70 7.72 5.29 5.23
OPM % 2.59% 13.15% 12.38% 7.09% 6.40% 13.59% 13.40% 13.95% 9.33% 9.98% 15.61% 12.24% 10.92%
1.13 0.61 0.59 0.15 1.18 0.80 0.19 0.27 0.39 0.45 0.50 0.56 0.77
Interest 0.03 0.00 0.00 0.00 0.08 0.12 0.11 0.09 0.09 0.05 0.03 0.03 0.27
Depreciation 0.41 0.44 0.82 0.48 0.48 0.48 0.48 0.50 0.51 0.51 1.62 0.52 0.59
Profit before tax 1.60 5.89 4.89 2.74 3.59 7.21 6.28 5.77 3.67 4.59 6.57 5.30 5.14
Tax % 23.12% 25.30% 28.43% 19.71% 20.89% 21.78% 26.43% 24.78% 27.25% 25.49% 34.40% 24.53% 25.49%
1.23 4.40 3.50 2.20 2.84 5.64 4.62 4.34 2.67 3.42 4.31 4.00 3.83
EPS in Rs 2.03 7.27 5.79 3.64 4.69 9.32 7.64 7.17 4.41 5.65 7.12 6.61 6.33
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
122 130 134 131 113 118 126 134 135 157 191 182 188
100 106 113 120 109 112 116 120 127 143 171 161 165
Operating Profit 22 24 21 11 4 5 9 14 8 15 20 21 23
OPM % 18% 19% 16% 8% 3% 5% 7% 11% 6% 9% 10% 12% 12%
2 3 4 3 6 4 5 6 6 3 2 2 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 1 1 1 1 1 1 1 2 2 2 3
Profit before tax 22 25 23 13 8 8 13 18 11 15 20 21 22
Tax % 29% 35% 34% 36% 27% 5% 24% 28% 26% 20% 23% 26%
15 16 16 8 6 8 10 13 8 12 15 15 16
EPS in Rs 25.67 27.10 25.62 13.70 10.10 13.29 16.63 21.29 13.98 20.40 25.26 25.34 25.71
Dividend Payout % 13% 12% 14% 29% 40% 30% 60% 47% 72% 49% 396% 39%
Compounded Sales Growth
10 Years: 3%
5 Years: 8%
3 Years: 10%
TTM: 1%
Compounded Profit Growth
10 Years: 0%
5 Years: 17%
3 Years: 39%
TTM: -10%
Stock Price CAGR
10 Years: 8%
5 Years: 21%
3 Years: 32%
1 Year: -5%
Return on Equity
10 Years: 8%
5 Years: 9%
3 Years: 11%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4 4 6 6 6 6 6 6 6 6 6 6 6
Reserves 74 88 98 103 112 118 125 130 133 139 88 103 105
0 2 1 2 0 0 2 0 0 0 0 0 21
14 16 15 17 21 16 22 24 26 25 23 25 22
Total Liabilities 92 109 120 128 140 140 155 161 165 170 117 134 155
25 24 23 23 22 25 24 26 29 27 28 27 29
CWIP 1 0 0 0 0 0 1 2 0 0 0 0 3
Investments 13 25 27 34 45 53 68 65 50 48 4 10 10
54 61 70 72 73 62 61 69 85 94 85 97 113
Total Assets 92 109 120 128 140 140 155 161 165 170 117 134 155

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
15 10 6 7 7 9 12 5 3 2 14 15
-10 -10 -0 -7 -2 -2 -5 -4 6 10 44 -12
-4 -1 -3 -2 -5 -3 -1 -9 -7 -6 -67 -0
Net Cash Flow 1 -1 3 -2 0 4 6 -8 2 6 -9 2

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 38 40 41 47 52 59 56 55 48 36 37 44
Inventory Days 157 174 194 169 192 144 144 166 166 185 152 161
Days Payable 33 33 21 23 52 40 62 63 62 57 42 50
Cash Conversion Cycle 162 182 214 193 193 163 138 158 152 164 147 155
Working Capital Days 89 102 120 124 146 127 101 109 115 119 97 103
ROCE % 29% 28% 21% 12% 4% 5% 7% 11% 5% 10% 16% 20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 77.65% 77.65% 77.65% 77.65% 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% 25.00% 24.98% 24.99% 24.99% 22.35% 22.34% 22.34% 22.34% 24.99%
No. of Shareholders 3,1033,0863,2643,5058,4428,3717,6787,5527,5697,5157,3787,864

* 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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