Galaxy Surfactants Ltd Stock Analysis

BSE: 540935 | NSE: GALAXYSURF | Household & Personal Products | Mid Cap

BSE Share Price 23-Sep-2022 18:01
3158.50 -16.00 (-0.50%)

DeciZen - Make an Informed Decision on Galaxy Surfactants

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Galaxy Surfactants Price Chart

P/E Ratio (CD) :
39.13
Market Cap :
11,198.4 Cr.
52-wk low :
2,560.6
52-wk high :
3,490.2
Bole Toh?

1. Is Galaxy Surfactants Ltd a good quality company?

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

2. Is Galaxy Surfactants Ltd undervalued or overvalued?

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

3. Is Galaxy Surfactants Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Galaxy Surfactants Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Galaxy Surfactants:

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.
Galaxy Surfactants 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 % 5.5%14.9%12.4%14.9%18.3%17.3%19.3%18.9%20.7%15.5%-
Value Creation Index -0.60.1-0.10.10.40.30.40.40.50.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,5801,6971,8721,8012,1612,4342,7632,5962,7843,6864,018
YoY Gr. Rt. %-7.4%10.3%-3.8%20%12.6%13.5%-6%7.2%32.4%-
Adj EPS 0.121.519.528.641.643.755.164.98574.280.8
YoY Gr. Rt. %-17783.3%-9%46.2%45.6%5.2%26%17.9%31%-12.7%-
BVPS (₹) 66.986101.7124.6162.2202.8247.3301.2367.1444.1472.4
Adj Net Profit 0.476.169.2101147155195230301263286
Cash Flow from Ops. 54.815541.11701111452833163654.9-
Debt/CF from Ops. 8.62.7112.43.52.41.11.20.774.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.9%11.3%10.1%32.4%
Adj EPS 104.2%12.3%10.4%-12.7%
BVPS 23.422.321.621
Share Price - - 28.9% -4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0.228.120.825.2292424.523.725.418.317.6
Op. Profit Mgn % 7.512.910.31312.611.812.814.216.110.911
Net Profit Mgn % 04.53.75.66.86.47.18.910.87.17.1
Debt to Equity 21.41.30.90.70.50.30.40.20.2-
Working Cap Days 1021011021141131291251321311300
Cash Conv. Cycle 283340505055535958620

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.08%

Net Profit is growing at healthy rate in last 3 years 10.44%

Sales growth is good in last 4 quarters at 33.60%

Return on Equity has declined versus last 3 years average to 17.60%

Latest Financials - Galaxy Surfactants Ltd.

Standalone Consolidated
TTM EPS (₹) 39.9 80.8
TTM Sales (₹ Cr.) 2,930 4,018
BVPS (₹.) 333.7 472.4
Reserves (₹ Cr.) 1,148 1,639
P/BV 9.46 6.69
PE 79.26 39.13
From the Market
52 Week Low / High (₹) 2560.60 / 3490.15
All Time Low / High (₹) 885.00 / 3600.00
Market Cap (₹ Cr.) 11,198
Equity (₹ Cr.) 35.5
Face Value (₹) 10
Industry PE 64

Management X-Ray of Galaxy Surfactants :

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 Galaxy Surfactants

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

News

About Galaxy Surfactants Ltd

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 
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