Vinyl Chemicals (I) Ltd

Vinyl Chemicals Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vinyl Chemicals (I) Ltd

₹ 409 -0.70%
29 Nov - close price
vinylchemicals.com BSE: 524129 NSE : VINYLINDIA
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

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]

Website BSE NSE
  • 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
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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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
81.65 126.69 165.96 149.32 262.17 333.08 120.50 310.75 324.17 270.66 106.93 115.31 154.40
79.76 120.63 161.69 143.54 257.67 319.10 104.62 301.06 311.30 260.62 97.41 111.87 149.87
Operating Profit 1.89 6.06 4.27 5.78 4.50 13.98 15.88 9.69 12.87 10.04 9.52 3.44 4.53
OPM % 2.31% 4.78% 2.57% 3.87% 1.72% 4.20% 13.18% 3.12% 3.97% 3.71% 8.90% 2.98% 2.93%
0.13 0.42 0.92 2.67 0.20 0.29 3.55 5.00 0.70 0.16 0.99 1.26 0.82
Interest 0.01 0.00 0.02 0.02 0.06 0.05 0.03 0.09 0.15 0.17 0.94 0.01 0.02
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.03 0.02 0.03 0.03 0.02
Profit before tax 2.01 6.48 5.17 8.43 4.64 14.22 19.40 14.58 13.39 10.01 9.54 4.66 5.31
Tax % 25.87% 25.46% 25.15% 25.50% 25.43% 25.32% 25.21% 25.10% 24.94% 26.37% 23.48% 24.89% 26.93%
1.49 4.83 3.87 6.28 3.46 10.62 14.51 10.92 10.05 7.37 7.30 3.50 3.88
EPS in Rs 0.81 2.63 2.11 3.42 1.89 5.79 7.91 5.96 5.48 4.02 3.98 1.91 2.12
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
50.62% 50.62% 50.62% 50.62% 50.62% 50.62% 50.62% 50.41% 50.41% 50.41% 50.41% 50.41%
0.00% 0.00% 0.00% 0.35% 0.07% 0.16% 0.42% 1.39% 1.64% 1.20% 0.00% 0.00%
0.01% 0.01% 0.01% 0.00% 0.01% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
49.37% 49.37% 49.37% 49.03% 49.30% 49.22% 48.95% 48.20% 47.95% 48.37% 49.58% 49.57%
No. of Shareholders 28,59927,97328,58730,79533,59834,47434,13239,67042,94543,79245,13046,195

* 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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Documents

Announcements

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