Chemplast Sanmar Ltd Stock Analysis

BSE: 543336 | NSE: CHEMPLASTS | Chemicals | Mid Cap

BSE Share Price 25-Nov-2022 18:01
390.60 0.60 (0.15%)

DeciZen - Make an Informed Decision on Chemplast Sanmar

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Chemplast Sanmar Price Chart

P/E Ratio (CD) :
11.29
Market Cap :
6,175.8 Cr.
52-wk low :
357.7
52-wk high :
684.6
Bole Toh?

1. Is Chemplast Sanmar Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Chemplast Sanmar Ltd is a good quality company.

2. Is Chemplast Sanmar Ltd undervalued or overvalued?

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

3. Is Chemplast Sanmar Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Chemplast Sanmar 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 Chemplast Sanmar:

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.
Chemplast Sanmar Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%0%0%0%0%32.9%8.2%3.9%30.8%41.8%-
Value Creation Index NANANANANA1.4-0.4-0.71.22.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 000003,0301,2541,2583,7995,8925,860
YoY Gr. Rt. %-NANANANANA-58.6%0.3%202.1%55.1%-
Adj EPS 0000018.79.23.734.34334.6
YoY Gr. Rt. %-NANANANANA-50.9%-59.2%816.3%25.4%-
BVPS (₹) 0000034.157.763.1-141.74.59.5
Adj Net Profit 0000029812350.2459679548
Cash Flow from Ops. 000004452341661,076901-
Debt/CF from Ops. 000001.23.87.821-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA67.5%55.1%
Adj EPS NANA67.4%25.4%
BVPS 00-57.20
Share Price - - - -36.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0000054.710.22.760.1105.6493.5
Op. Profit Mgn % 0000019.426.125.326.821.416.9
Net Profit Mgn % 000009.112.69.28.211.59.4
Debt to Equity 0000011.21.5-1.112.60.5
Working Cap Days 0000001181044954181
Cash Conv. Cycle 000000-132-8-87-945

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 493.40%

Sales growth is growing at healthy rate in last 3 years 67.47%

Net Profit is growing at healthy rate in last 3 years 67.40%

Sales growth is good in last 4 quarters at 21.61%

Debt to equity has increased versus last 3 years average to 12.62

Latest Financials - Chemplast Sanmar Ltd.

Standalone Consolidated
TTM EPS (₹) 23.5 34.6
TTM Sales (₹ Cr.) 2,301 5,860
BVPS (₹.) 173.3 9.5
Reserves (₹ Cr.) 2,661 71
P/BV 2.25 41.08
PE 16.63 11.29
From the Market
52 Week Low / High (₹) 357.70 / 684.55
All Time Low / High (₹) 6.42 / 826.35
Market Cap (₹ Cr.) 6,176
Equity (₹ Cr.) 79.1
Face Value (₹) 5
Industry PE 33.4

Management X-Ray of Chemplast Sanmar :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Chemplast Sanmar

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Chemplast Sanmar Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Chemplast Sanmar on 25-Nov-2022 18:01 is : 390.6.
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 25-Nov-2022 18:01 the market cap of Chemplast Sanmar stood at ₹ 6,175.8.
The latest PE ratio of Chemplast Sanmar as of 25-Nov-2022 18:01 is 16.63.
The latest PB ratio of Chemplast Sanmar as of 25-Nov-2022 18:01 is 2.25
The 52-week high of Chemplast Sanmar is ₹ 684.5 and the 52-week low is ₹ 357.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Chemplast Sanmar is ₹ 2,301 ( Cr.) .

About Chemplast Sanmar Ltd

Chemplast Sanmar (CSL) is a specialty chemicals manufacturer in India with focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors. CSL is one of India’s leading manufacturers of specialty paste PVC resin on the basis of installed production capacity, as of December 31, 2020. In addition, CSL is also the third largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide in the South India region, on the basis of installed production capacity as of December 31, 2020 and one of the oldest manufacturers in the chloromethanes market in India. Pursuant to the CCVL Acquisition, it acquired 100.0% equity interest in CCVL that is the second largest manufacturer of suspension PVC resin in India and the largest manufacturer in the South India region, on the basis of installed production capacity as of December 31, 2020.

The company has four manufacturing facilities, of which three are located in Tamil Nadu at Mettur, Berigai and Cuddalore and one is located in Puducherry at Karaikal. Its integrated business model for production of specialty paste PVC resin and chloromethanes has been critical to its success. It has also leased a salt field from the Government of Tamil Nadu at Vedaranyam, Tamil Nadu. It has a strong focus on sustainability in all aspects of its operations. Its manufacturing facilities are certified ISO 9001:2015 for quality management systems and ISO 45001:2018 for occupational health and safety management systems, to the extent required. In addition, it has received the Indian Chemical Council certification ‘Responsible Care’ for maintaining best practices in its operations.

Business area of the company

The company is a leading specialty chemical manufacturer in India. The company is engaged in the manufacturing of specialty paste PVC resin, starting materials, and intermediates for agro-chemical, pharmaceuticals, agro-chemical, and fine chemical sectors. It also produces other types of chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas, and Industrial Salt.

Key awards, accreditations or recognitions

  • 2017-18: Star Award from National Safety Council, Tamil Nadu Chapter, for promoting safety, health and management practices to the Company’s facilities at Mettur Facility II and Mettur Facility III.
  • 2017-18: FICCI Sustainability Award for Excellence in Safety (Petrochemicals).
  • 2017-18: Chemplast Sanmar, Karaikal won the Indian Chemical Council (“ICC”) award for Excellence in Management of Health and Safety 2017.
  • 2019-20: British Safety Council’s Occupational Health and Safety Audit Five Star grading for CCVL.
  • 2019-20: Indian Chemical Council ‘Certificate of Merit for Social Responsibility’ for 2018.
  • 2019-20: ‘First price in manufacturing (large sector) at 8th FICCI Safety Systems Excellence Awards or Industry, 2019 (Mettur Plant III).
  • 2019-20: Safety Award from the Directorate of Industrial Safety and Health, Government of Tamil Nadu for achieving lowest weighted injury accident frequency rate at the Mettur Facility and achieving the longest injury free working at the Mettur Facility.
  • 2019-20: Silver EcoVadis Medal from EcoVadis and the result places the Company among the top 25% of companies accessed by EcoVadis (Mettur Facility III).

Major events and milestones

  • 1962: Incorporation of erstwhile Chemicals and Plastics India Limited.
  • 1967: Commencement of manufacture of PVC resins at Mettur Facility.
  • 1984: Investment in acquisition of shares of The Mettur Chemical and Industrial Corporation Limited (“MCIC”).
  • 1988: Amalgamation of MCIC with the erstwhile Chemicals and Plastics India Limited pursuant to a scheme of amalgamation approved by the High Court of Madras by way of order dated November 27, 1989, effective from April 1, 1988.
  • 1991: Erstwhile Chemicals and Plastics India Limited merged with Urethanes India Limited, pursuant to the CPIL Scheme of Amalgamation. As a part of the CPIL Scheme of Amalgamation, the name of the merged entity was changed from “Urethanes India Limited” to “Chemicals and Plastics India Limited”.
  • 1992: The equity shares of Company were listed on BSE and Madras Stock Exchange Limited.
  • 1995: The name of our Company was changed from “Chemicals and Plastics India Limited” to “Chemplast Sanmar Limited”.
  • 1995: The equity shares of our Company were listed on NSE.
  • 1997: Expansion of production capacity of PVC Resins to 60,000 TPA.
  • 2003: Acquisition of Caustic Soda facility at Karaikal, Puducherry from Kothari Petrochemicals Limited.
  • 2007: Commissioning of the marine terminal facility and the EDC Plant at Karaikkal, Puducherry.
  • 2007: Commissioning of the project for conversion of the manufacturing process of Caustic Soda at Mettur Dam from Mercury to membrane.
  • 2009: Greenfield suspension PVC facility commissioned at Cuddalore, Tamil Nadu along with a captive marine terminal facility (“S-PVC Undertaking”).
  • 2012: Delisting of equity shares of the Company from Madras Stock Exchange Limited, BSE and NSE.
  • 2013: Expanded capacities at (i) Mettur, Tamil Nadu, of Paste PVC resin to 66,000 TPA, and (ii) Cuddalore, Tamil Nadu, of S-PVC to Cuddalore 300,000 TPA.
  • 2017: Purchase of Hydrogen Peroxide plant and machinery from Asian Peroxides Limited.
  • 2019: Commissioning of Hydrogen Peroxide plant at Mettur, Tamil Nadu.
  • 2019: Demerger of S-PVC Undertaking of the Company at Cuddalore, Tamil Nadu and vesting of such undertaking in CCVL pursuant to the Composite Scheme of Arrangement.
  • 2019: Amalgamation of Sanmar Speciality Chemicals Limited with Company pursuant to the Composite Scheme of Arrangement.
  • 2021: CCVL became a wholly owned subsidiary of Company pursuant to the CCVL Acquisition.
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