Sadhana Nitro Chem Ltd - Stock Valuation and Financial Performance

BSE: 506642 | NSE: SADHNANIQ | Chemicals | Small Cap

Sadhana Nitro Chem Share Price

62.49 -1.30 -2.04%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Sadhana Nitro Chem

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Sadhana Nitro Chem stock performance -

mw4me loader
P/E Ratio (SA):
189.66
Market Cap:
1,543.9 Cr.
52-wk low:
61
52-wk high:
121.3

Is Sadhana Nitro Chem Ltd an attractive stock to invest in?

1. Is Sadhana Nitro Chem Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sadhana Nitro Chem Ltd is a average quality company.

2. Is Sadhana Nitro Chem Ltd undervalued or overvalued?

The key valuation ratios of Sadhana Nitro Chem Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Sadhana Nitro Chem Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sadhana Nitro Chem Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sadhana Nitro Chem:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sadhana Nitro Chem Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -8.1%20.4%-3.4%12.3%66.4%95.8%18%6.4%3.4%4.2%-
Value Creation
Index
NA0.5NA-0.13.75.80.3-0.5-0.8-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 43.648.135.157.311026712090.1121146184
Sales YoY Gr.-10.3%-27%63.3%92.7%142%-55%-25.2%34.1%20.8%-
Adj EPS -0.50.2-0.201.33.20.20.40.20.30.3
YoY Gr.-NA-216.7%NA3175%140.5%-94%121.1%-50%23.8%-
BVPS (₹) -0.10.1-0.10.51.94.36.35.25.58.99.1
Adj Net
Profit
-10.64.3-4.90.931.375.223.1105.16.58
Cash Flow from Ops. 12.75.9-11043.752.4-10.70.8-3.6-38-
Debt/CF from Ops. 3.94.6-31.83.60.40.2-4.3100.6-29.1-3.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.4%5.7%6.6%20.8%
Adj EPS NA-27.6%11%23.8%
BVPSNA35.7%12.3%63.1%
Share Price 70.6% 19.3% 59.5% -34%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-1217.170.2-50.59.6110.299.820.37.83.43.33.7
Op. Profit
Mgn %
-5.5-6.45.915.332.944.831.620.811.517.524.1
Net Profit
Mgn %
-24.39-13.91.528.428.219.211.14.24.44.4
Debt to
Equity
142.62.34.53.30.30.10.40.70.80.6-
Working Cap
Days
316178275203152103329643643640278
Cash Conv.
Cycle
65-10-32-17-72213433029029685

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 11.02%

Debt to equity has declined versus last 3 years average to 0.60

Sales growth is good in last 4 quarters at 44.22%

Return on Equity has declined versus last 3 years average to 3.70%

Sales growth has been subdued in last 3 years 6.62%

Latest Financials - Sadhana Nitro Chem Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 0.2
TTM Sales (₹ Cr.) 184 174
BVPS (₹.) 9.1 8.9
Reserves (₹ Cr.) 201 196
P/BV 6.85 6.99
PE 189.66 290.20
From the Market
52 Week Low / High (₹) 61.02 / 121.25
All Time Low / High (₹) 0.14 / 142.73
Market Cap (₹ Cr.) 1,544
Equity (₹ Cr.) 24.7
Face Value (₹) 1
Industry PE 47

Management X-Ray of Sadhana Nitro Chem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.257.257.251.014.295.985.988.3512.8212.74
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sadhana Nitro Chem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3348355711026712090121146
Operating Expenses 35513349741478372107123
Manufacturing Costs7868152915121617
Material Costs22341929407139346473
Employee Cost 3558103015161617
Other Costs 344491713111116
Operating Profit -2-3293612037181423
Operating Profit Margin (%) -5.9%-6.8%5.9%15.3%32.9%44.8%31.1%19.9%11.5%15.6%
Other Income 1000012452
Interest 655671233510
Depreciation 2222235668
Exceptional Items 111300000000
Profit Before Tax 23-5128106311387
Tax 2-100-3318332
Profit After Tax -14-513175231065
PAT Margin (%) -1.7%8.7%-13.8%1.6%28.4%28.2%19.5%11.3%4.8%3.1%
Adjusted EPS (₹)0.00.2-0.20.01.33.21.20.40.20.2
Dividend Payout Ratio (%)0%0%0%0%3%5%0%0%51%66%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 01271146104123133139229
Share Capital 1119199999142020
Reserves -11-7-1223794114119120208
Minority Interest0000000000
Debt28273236157468097111
Long Term Debt00018732283560
Short Term Debt282732178444526351
Trade Payables14212026142821253433
Others Liabilities 1768113940296710996
Total Liabilities 59666883113179218306380468

Fixed Assets

Gross Block92100101394374878284172
Accumulated Depreciation67697124712111728
Net Fixed Assets263129373967767067144
CWIP 999911215236829
Investments 0000056676
Inventories1199142139405994104
Trade Receivables48131383452584080
Cash Equivalents 00118911189
Others Assets98710262330789597
Total Assets 59666883113179218306380468

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 106-1104452-111-4-38
PBT 23-5128106311387
Adjustment -377871575616
Changes in Working Capital 11-4-3111-60-31-17-10-56
Tax Paid 0000-2-9-18-1-8-5
Cash Flow From Investing Activity 1100-1-14-25-28-23-40-53
Capex 1100-1-6-21-22-8-38-42
Net Investments 00000-500-2-5
Others 0000-80-6-150-6
Cash Flow From Financing Activity -21-62-5-14-2330304672
Net Proceeds from Shares 0000100000
Net Proceeds from Borrowing 000000-128725
Interest Paid -5-5-4-6-6-12-2-3-3-6
Dividend Paid 00000-1-500-3
Others -15-151-8-103854255
Net Cash Flow 0004164-872-19
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0850.11-8710.3122.26110.37100.5220.738.264.542.62
ROCE (%)17.1221.260.5816.9464.39135.5124.448.685.555.48
Asset Turnover Ratio0.520.810.540.781.131.830.610.340.350.34
PAT to CFO Conversion(x)N/A1.5N/A101.420.69-0.480.1-0.67-7.6
Working Capital Days
Receivable Days8642104803428130223149150
Inventory Days1277292715841120202232249
Payable Days242183402291178106228253169169

Sadhana Nitro Chem Ltd Stock News

Sadhana Nitro Chem Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sadhana Nitro Chem on 28-Mar-2024 16:01 is ₹62.49.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Sadhana Nitro Chem stood at ₹1,543.9.
The latest P/E ratio of Sadhana Nitro Chem as of 28-Mar-2024 16:01 is 189.7.
The latest P/B ratio of Sadhana Nitro Chem as of 28-Mar-2024 16:01 is 6.85.
The 52-week high of Sadhana Nitro Chem is ₹121.2 and the 52-week low is ₹61.02.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sadhana Nitro Chem is ₹184.2 ( Cr.) .

About Sadhana Nitro Chem Ltd

In 1973 a small beginning was made in the field of chemicals with the establishment of Sadhana Nitro Chem (SNCL) - a company that was committed to producing high quality chemical intermediates by setting up with 12,000 TPA plant in Roha, 135 Kms. from its Head Office in the metropolis of Mumbai, SNCL, an existing listed, public limited company was promoted by its founder Chairman D.T.Javeri with other co-promoters for the manufacture of 9000 TPA of Nitrobenzene based on the technology from AB Chematur Division of the Nobel Industries, Sweden.

At present, SNCL is engaged in the manufacture and marketing of Nitrobenzene (12000 TPA) and its downstream derivatives and intermediates (4000 TPA) for various applications in Pharma, Agro, Dyes, Plastic Additives & Epoxy resin hardeners.

In 1979 the company diversified into the manufacture of downstream products viz., Metanilic Acid and Sodium Meta Nitrobenzene sulphonate. Based on the in-house technology. SNCL has also set up projects for manufacture of 3,3 Dinitro Diphenyl Sulphone, Aniline 2,5 Disulphonic acid, Aniline 2,4 Disulphonic acid.

In 1995 SNCL commissioned a 550 TPA plant to manufacture Meta Amino Phenol. This project was set up in technical collaboration with Biazzi S.A., Switzerland. As a reputed manufacturer SNCL has been able to enter into contracts with foreign companies for custom and toll manufacturing. In the year 2000 a new 350 TPA plant to produce Butane Tetra 1,2,3,4 Carboxylic Acid was commissioned. In its R & D Laboratory, there is development work is going on for new chemical intermediates.

Since inception, SNCL has devoted its resources exclusively for manufacture and sale of intermediates. Production of intermediates under rigid quality standards has been the hallmark of SNCL's success in attuning and propelling it to customer requirements.

The transition of product line, with reliance on its well-equipped quality control laboratory has been the motivating force in sustaining growth and export, in competition with giants in the international market, satisfying highly discerning and quality conscious clients, including multinationals, spread across the world.

In recognition of its superior performance, SNCL has been granted the status of a 'Golden Export House' by the Directorate General of Foreign Trade, Ministry of Commerce, and Government of India. Now SNCL has step up in the area of Information Technology, starting its new division as ‘Sadhana Webworks’, which is providing Total IT Solutions for our clients around the world.   

Subsidiary:SNCL also has a 100% subsidiary Anuchem b.v.b.a. Antwerp, Belgium set up to provide ‘Just in Time Service’ to its clientele in Europe.

Product range of the company includes:

  • Nitrobenzene
  • Metanilic acid
  • Sodium Meta,Nitrobenzene,Sulfonic Acid
  • 3,3 Dinitro Diphenyl,Sulphone
  • Aniline 2,4 Disulfonic Acids
  • Aniline 2, 5 Disulfonic Acids
  • Meta Amino Phenol
  • N, N Diethyl Meta, Amino Phenol
  • 3-Diethylamino, Phenetole
  • 3 - Isopropoxy Aniline
  • Spiro (isobenzofuran-1(3H), 9)
  • Spiro (isobenzofuran-1(3H), 9)
  • 2-Di(phenyl methyl)amine-6

Achievements/ recognition:

  • ISO 9002 certification
  • Golden Export House award
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