Vinyl Chemicals (I) Ltd
₹ 409
-0.70%
29 Nov
- close price
About
Vinyl Chemicals (India) Limited, a Parekh Group Company, is engaged in the business of trading in Chemicals mainly Vinyl Acetate Monomer (VAM), which is imported/sourced from various global suppliers and distributed in India.[1]
Key Points
- Market Cap ₹ 751 Cr.
- Current Price ₹ 409
- High / Low ₹ 585 / 315
- Stock P/E 34.0
- Book Value ₹ 55.8
- Dividend Yield 1.22 %
- ROCE 44.4 %
- ROE 32.6 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 27.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.4%
- Company has been maintaining a healthy dividend payout of 54.8%
Cons
- Stock is trading at 7.34 times its book value
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
211 | 244 | 293 | 442 | 335 | 293 | 375 | 483 | 372 | 404 | 865 | 1,013 | 647 | |
204 | 235 | 282 | 424 | 326 | 283 | 361 | 469 | 366 | 389 | 821 | 966 | 620 | |
Operating Profit | 7 | 8 | 10 | 18 | 9 | 9 | 14 | 14 | 6 | 15 | 44 | 47 | 28 |
OPM % | 3% | 3% | 4% | 4% | 3% | 3% | 4% | 3% | 2% | 4% | 5% | 5% | 4% |
0 | 1 | 1 | 1 | 3 | 4 | 4 | 1 | 4 | 0 | 2 | 2 | 3 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 7 | 9 | 11 | 19 | 12 | 13 | 18 | 14 | 10 | 15 | 47 | 48 | 30 |
Tax % | 33% | 33% | 34% | 34% | 35% | 35% | 36% | 37% | 25% | 26% | 25% | 25% | |
5 | 6 | 7 | 12 | 8 | 9 | 12 | 9 | 7 | 11 | 35 | 36 | 22 | |
EPS in Rs | 2.73 | 3.24 | 4.08 | 6.73 | 4.36 | 4.76 | 6.36 | 4.83 | 4.07 | 6.19 | 19.01 | 19.44 | 12.03 |
Dividend Payout % | 22% | 25% | 24% | 22% | 34% | 38% | 38% | 50% | 59% | 60% | 52% | 51% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 22% |
3 Years: | 40% |
TTM: | -41% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 27% |
3 Years: | 74% |
TTM: | -52% |
Stock Price CAGR | |
---|---|
10 Years: | 42% |
5 Years: | 39% |
3 Years: | 59% |
1 Year: | -28% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 26% |
3 Years: | 31% |
Last Year: | 33% |
Balance Sheet
Figures in Rs. Crores
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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Reserves | 14 | 18 | 24 | 33 | 41 | 46 | 54 | 57 | 59 | 66 | 94 | 111 | 101 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | |
34 | 47 | 80 | 69 | 80 | 56 | 115 | 84 | 94 | 200 | 65 | 62 | 113 | |
Total Liabilities | 50 | 68 | 106 | 104 | 123 | 104 | 171 | 144 | 156 | 269 | 162 | 176 | 216 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 8 | 5 | 9 | 45 | 39 | 34 | 2 | 47 | 55 | 78 | 40 | 34 |
50 | 60 | 100 | 95 | 78 | 66 | 137 | 141 | 108 | 214 | 84 | 135 | 181 | |
Total Assets | 50 | 68 | 106 | 104 | 123 | 104 | 171 | 144 | 156 | 269 | 162 | 176 | 216 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-4 | 7 | 2 | 0 | 34 | -7 | -3 | -21 | 51 | 11 | 17 | -21 | |
3 | -7 | 3 | -3 | -33 | 10 | 8 | 34 | -44 | -6 | -21 | 41 | |
0 | 0 | 0 | -2 | -3 | -3 | -4 | -5 | -5 | -4 | -7 | -19 | |
Net Cash Flow | -2 | 0 | 6 | -4 | -2 | -0 | 1 | 7 | 2 | 0 | -11 | 1 |
Ratios
Figures in Rs. Crores
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 | 50 | 50 | 66 | 40 | 54 | 57 | 75 | 48 | 45 | 100 | 5 | 11 |
Inventory Days | 27 | 33 | 48 | 33 | 29 | 23 | 57 | 53 | 50 | 70 | 24 | 33 |
Days Payable | 55 | 69 | 99 | 53 | 88 | 69 | 116 | 63 | 95 | 188 | 26 | 22 |
Cash Conversion Cycle | 23 | 14 | 15 | 20 | -5 | 11 | 17 | 39 | -1 | -17 | 3 | 22 |
Working Capital Days | 22 | 17 | 16 | 19 | -4 | 11 | 19 | 36 | 2 | 2 | 7 | 26 |
ROCE % | 49% | 44% | 45% | 57% | 24% | 21% | 30% | 24% | 14% | 23% | 55% | 44% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Nov
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
from nse
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Financial Year 2009
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Company History
The Co. was promoted by Pidilite Industries Limited (PIL) in 1986. Earlier, it was engaged in the business of manufacturing VAM in its plant located at Mahad in Raigad District, Maharashtra. It had a major share of business of this product in India. In December 2007, the said manufacturing unit was de-merged into PIL for strategic reasons. The company belongs to Parekh Group which is a six-decade-old conglomerate with diversified business interests,which includes Shipping Services, Logistics Solutions, Vessel Owning, and Hospitality. [1] [2]