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Galaxy Surfactants Ltd Stock Analysis

Mid Cap
Evaluated by 520 users | BSE: 540935 | NSE: GALAXYSURF |
Household & Personal Products

The company was incorporated on May 20, 1986 as ‘Galaxy Surfactants Private Limited’ at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. Subsequently, the company was converted into a public company pursuant to...

Analysis of Financial Track Record

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.
Galaxy Surfactants Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 20.15%10.43%5.46%14.91%12.38%14.94%18.29%17.34%19.3%18.88%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 9281,3731,5801,6971,8721,8012,1612,4342,7632,596
Y-o-Y Gr. Rt.-48%15.1%7.4%10.3%-3.8%20%12.6%13.5%-6%
Adjusted EPS (Rs.) 17.99.460.1221.4619.5328.5641.5743.7155.0864.91
Y-o-Y Gr. Rt.--47.2%-98.7%17783.3%-9%46.2%45.6%5.2%26%17.9%
Book Value per Share (Rs.) 57.1666.1466.986.01101.73124.6162.17202.76247.31301.2
Adjusted Net Profit 63.533.50.476.169.2101147155195230
Net Op. Cash Flow (Rs. Cr.) 43.383.854.815541.1170111145283316
Debt to Cash Flow from Ops 5.814.858.642.710.982.423.542.391.051.18
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Galaxy Surfactants Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 12.1%6.8%6.3%-6%
Adjusted EPS 15.4%27.2%16%17.9%
Book Value per Share 20.324.322.921.8
Share Price - - 23.7% 103.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 35.9215.340.1828.0720.825.2428.9923.9624.4823.67
Operating Profit Margin (%) 12.878.457.4912.8710.291312.5611.8212.7914.21
Net Profit Margin (%) 6.842.440.034.483.75.626.826.377.078.86
Debt to Equity 1.241.7321.371.250.930.680.480.340.35
Working Capital Days 104105102101102114113129125132
Cash Conversion Cycle 46362833405050555359
Entity Percentage Holding
Promoters 70.93%
Institutions 16.47%
Non-Institutions 12.60%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Galaxy Surfactants Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Galaxy Surfactants Ltd is a average quality company. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company.

Data is not available for this company

The company was incorporated on May 20, 1986 as ‘Galaxy Surfactants Private Limited’ at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. Subsequently, the company was converted into a public company pursuant to special resolution passed by shareholders on January 24, 1995 and the name of the company was changed to ‘Galaxy Surfactants Limited’ and a Fresh Certificate of Incorporation consequent upon

The company was incorporated on May 20, 1986 as ‘Galaxy Surfactants Private Limited’ at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. Subsequently, the company was converted into a public company pursuant to special resolution passed by shareholders on January 24, 1995 and the name of the company was changed to ‘Galaxy Surfactants Limited’ and a Fresh Certificate of Incorporation consequent upon conversion to public limited Company dated March 13, 1995 was issued by the Registrar of Companies, Maharashtra at Mumbai. 

The company is one of the leading manufacturers and marketers of surfactants and specialty chemicals in India for the Personal and Home Care (“PHC”) industry. The company produces a range of vital cosmetic ingredients including active ingredients, UV protection and functional products. Its products cater to some of the largest global brands in the FMCG sector and find applications in skin care, hair care, oral care, body wash, sun care, household cleaners and fabric care segments. From a modest beginning in 1980 with two products by its promoters, the company has today transformed its business into a value based, technology driven, environment conscious and customer oriented organization with a vast product portfolio and with sales spread over several countries.

Business area of the company

The company is engaged in manufacturing of surfactants and other specialty ingredients for the personal care and home care industries. Its products find application in a host of consumer centric personal care and home care products, including, inter alia, skin care, oral care, hair care, cosmetics, toiletries and detergent products.

Product group

  • Fatty Alcohol Sulfates and Ether Sulfates
  • Fatty alcohol Ethoxylates & LABSA
  • Foam & Viscosity Boosters
  • Mild Surfactants
  • Pearlizers
  • Surfactant Blends
  • Syndet and TBB
  • Sunscreens
  • Functional Actives
  • Preservatives and Blends
  • Awards and recognitions

2015

  • The company was accorded “Best Supply Partner” by Unilever Procurement South Asia for Excellence in quality and service.
  • ‘Certificate of Participation’ in Gujarat Cleaner Production Award 2014-15 by Govt. of Gujarat
  • ‘’Trishul Award’’ for the outstanding export performance for the year 2012-13 by CHEMEXCIL
  • ‘’Gold Award’’ for the outstanding export performance for the year 2011-12 by CHEMEXCIL
  • ‘’You can make a difference (YCMAD)’’ award by Colgate in Jan. 2015
  • “Best HR Practices” by National Institute of Personal Management
  • 50 Most Talented CSR Leaders

2016

  • The company was accorded “Gold Award” by CHEMEXIL - Castor Oil and Specialty Chemicals Panel for export performance in Large Scale Sector
  • CSR Leadership Award by National CSR Leadership Congress & Awards for the year 2015-16
  • EcoVadis Gold Recognition Level
  • 5-S workplace mgmt. system to Jhagadia site
  • Certificate of Recognition for Conducting LCA (Lifecycle Assessment) Study in Surfactants Sector in India using GaBi Software (awarded by Thinkstep)
  • Sustainable Beauty Award 2016 - Sustainable Ingredient Award, Runner-up to TRI-K Industries
  • 100 Most Impactful CSR Leaders

2017-18

  • Innovation Award - Best Ingredient Award - GOLD HPCI India 2018 Awarded for its Innovative product ‘Galsoft GLI 21’
  • Responsible Care Logo Indian Chemical Council Recertification of RC logo for India operations
  • Great Place to Work Great Place to Work® Institute for the year 2017-18 Award for its best workplace
  • ‘Iconic Company’ Award to Galaxy & ‘Distinguish Leader’ recognition to Mr. U. Shekhar Indian HPC Industry Association Awarded in ISDC conference at Goa ‘Distinguish Leader’ recognition given to its MD Mr. U. Shekhar for his contribution to the growth and development of the HPC Industry in India
  • 'Innovative Best Practices in Branding’ ITM Institute and Brand Safari CSR case study competition winner
  • 7 ‘Gold’, and 2 ‘Silver’ CCQC Mumbai Quality Circle Competition
  • 2 Gold, and 1 Silver CCQC Ankaleshwar Quality Circle Competition
  • 5 ‘Par Excellence’, 3 ‘Excellence’ 2 ‘Distinguished’ NCQC Mysore Quality Circle Competition

2018-19

  • ICIS Innovation Award 2018 in the Best Process Innovation Category for Green Process for the manufacture of Amino Acid Surfactants
  • Innovation Award: Silver at HPCI Mumbai 2019 for Galguard NT
  • Outstanding Contribution to “Partner to Win” by Unilever, ACI 2019

2019-20

  • Reliable Supplier Recognition
  • Strategic Business Partner on Global Outlook 2020
  • Innovation Award - Gold at HPCI 2020
  • Gold - National Awards for Manufacturing Competitiveness (NAMC) 2019
  • Great Place to WorkCertified for Nov 2019 - Dec 2020
  • IP Excellence in India 2019

Milestones

  • 1986: Incorporation of the company
  • 1995: Acquisition of Galaxy Chemicals
  • 1995: Conversion of the company from private to public company
  • 1995: Amalgamation of GOPL with the company
  • 1997: First sulfonation plant set up at Taloja
  • 1999: Launch of first international office in Bangkok, Thailand, for serving Asia-Pacific Region
  • 2001: Amalgamation of GOIL with the company
  • 2003: GC US became the company’s subsidiary
  • 2004: Setting up of first EOU at Taloja
  • 2008: GHML became the company’s subsidiary
  • 2009: GC Egypt became the company’s Step down subsidiary
  • 2009: Rainbow Holdings became the company’s step down subsidiary
  • 2009: A joint venture was formed in June 2009 by Gerd Dahms, Sebestian Dahms, Andreas Jung and Rainbow Holdings GmbH acquiring shares of OTC GmbH and TRI-K.
  • 2009: TRI-K became the company’s step down subsidiary
  • 2009: Maybrook became the company’s step down subsidiary
  • 2012: Commissioning of Galaxy Chemicals Egypt and Jhagadia Plants
  • 2014: Purchase of business of Surfactants International LLC
  • 2016: Expansion of Jhagadia Plant for mild surfactants
  • 2018: Galaxy Surfactants Limited was listed on the Indian stock exchanges on 8th February, 2018
  • 2018-19: Launched GalFUSION LLDC, a high performing, safe, ecofriendly, value for money premium surfactant concentrate specially designed for Fabric care
  • 2019-20: Galguard LipoG, a non-toxic ingredient for preservation, was manufactured at the pilot-scale 
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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