De Nora India Ltd - Stock Valuation and Financial Performance

BSE: 590031 | NSE: DENORA | Electrodes & Welding Equipment | Small Cap

De Nora India Share Price

1,600 42.30 2.72%
as on 28-Mar'24 14:54

DeciZen - make an informed investing decision on De Nora India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

De Nora India stock performance -

mw4me loader
P/E Ratio (SA):
32.22
Market Cap:
826.9 Cr.
52-wk low:
821
52-wk high:
2,334

Is De Nora India Ltd an attractive stock to invest in?

1. Is De Nora India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that De Nora India Ltd is a average quality company.

2. Is De Nora India Ltd undervalued or overvalued?

The key valuation ratios of De Nora India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is De Nora India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of De Nora India 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 De Nora India:

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.
De Nora India 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

Dec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.3%11.7%27.4%6%3.7%3.2%14.1%8.8%20.9%22.3%-
Value Creation
Index
0.1-0.21.0-0.6-0.7-0.80.0-0.40.50.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 35.830.540.726.72732.848.250.574.273.685
Sales YoY Gr.--14.8%33.3%-34.4%1.4%21.3%47.1%4.8%46.8%-0.8%-
Adj EPS 9.68.1185.63.6315.210.62938.448.4
YoY Gr.--15.7%122.4%-68.7%-35.7%-16.9%406%-30.3%173.6%32.1%-
BVPS (₹) 67.77473.397.898.7100.3115.5126.2154.2191.5214.8
Adj Net
Profit
5.14.39.631.91.68.15.615.420.426
Cash Flow from Ops. -4.59.7117.21.9-6.1-7.216.211.714.3-
Debt/CF from Ops. 000000-0.1000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.3%22.2%15.1%-0.8%
Adj EPS 16.6%60.3%36.1%32.1%
BVPS12.3%14.2%18.4%24.2%
Share Price 30.9% 41.2% 85.4% 93.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.711.427.25.93.7314.18.820.722.223.8
Op. Profit
Mgn %
20.517.130.57.78.51.621.916.830.933.935.6
Net Profit
Mgn %
14.314.123.511.27.14.916.811.120.827.730.1
Debt to
Equity
0000000000-
Working Cap
Days
255305182289214284295288208283208
Cash Conv.
Cycle
1682078912487121176214137162181

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.80%

Sales growth is growing at healthy rate in last 3 years 15.12%

Net Profit is growing at healthy rate in last 3 years 36.06%

Sales growth is not so good in last 4 quarters at 7.71%

Latest Financials - De Nora India Ltd.

Standalone Consolidated
TTM EPS (₹) 48.4 -
TTM Sales (₹ Cr.) 85.3 -
BVPS (₹.) 214.8 -
Reserves (₹ Cr.) 109 -
P/BV 7.25 -
PE 32.22 -
From the Market
52 Week Low / High (₹) 821.00 / 2334.00
All Time Low / High (₹) 33.00 / 2334.00
Market Cap (₹ Cr.) 827
Equity (₹ Cr.) 5.3
Face Value (₹) 10
Industry PE 20.8

Management X-Ray of De Nora India:

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of De Nora India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales36315127273348517474
Operating Expenses 29253525253238425149
Manufacturing Costs44646665710
Material Costs141117961220263026
Employee Cost 4576665566
Other Costs 6666786587
Operating Profit 75162201182325
Operating Profit Margin (%) 19.2%16.8%30.5%7.6%7.2%1.5%21.9%16.6%30.9%33.6%
Other Income 1243342214
Interest 0000000000
Depreciation 1111233331
Exceptional Items 0000000000
Profit Before Tax 76184321082127
Tax 2261102267
Profit After Tax 5412322861520
PAT Margin (%) 13.3%13.9%23.6%11.2%6.3%4.8%16.9%11.2%20.8%27.6%
Adjusted EPS (₹)9.08.022.65.63.23.015.310.629.138.2
Dividend Payout Ratio (%)44%19%18%36%31%0%0%9%3%5%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 363949525253616782102
Share Capital 5555555555
Reserves 31344347474856627796
Minority Interest0000000000
Debt0000001000
Long Term Debt0000000000
Short Term Debt0000001000
Trade Payables3243565337
Others Liabilities 8678612881723
Total Liabilities 4747596262717479102132

Fixed Assets

Gross Block1818208171717181920
Accumulated Depreciation111213135791113
Net Fixed Assets77771412101078
CWIP 1127001012
Investments 81419202014542342
Inventories1176571726192429
Trade Receivables13121065613111217
Cash Equivalents 12113111214302115
Others Assets64133611651419
Total Assets 4747596262717479102132

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -4101472-6-7161214
PBT 76184321082127
Adjustment 00-1-102213-1
Changes in Working Capital -65360-10-188-7-4
Tax Paid -5-1-7-2-10-1-1-5-7
Cash Flow From Investing Activity 7-8-12-3-2771-16-24
Capex -1-1-2-4-4-1-1-2-1-4
Net Investments 8-7-12-10772-15-21
Others 1022222100
Cash Flow From Financing Activity -4-3-1-3-1-11-1-1-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -4-2-1-3-1-100-1-1
Others 0000001-100
Net Cash Flow -1-111-21116-5-10
PARTICULARSDec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.7211.3127.245.933.243.0114.198.820.7622.09
ROCE (%)20.8416.4541.198.965.913.6718.0711.8428.4629.68
Asset Turnover Ratio0.770.670.980.450.440.490.660.660.820.63
PAT to CFO Conversion(x)-0.82.51.172.331-3-0.882.670.80.7
Working Capital Days
Receivable Days10914378109725769865671
Inventory Days107105447380132162164106130
Payable Days83796112721716096563967

De Nora India Ltd Stock News

De Nora India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of De Nora India on 28-Mar-2024 14:54 is ₹1,600.
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 14:54 the market cap of De Nora India stood at ₹826.9.
The latest P/E ratio of De Nora India as of 28-Mar-2024 14:54 is 32.22.
The latest P/B ratio of De Nora India as of 28-Mar-2024 14:54 is 7.25.
The 52-week high of De Nora India is ₹2,334 and the 52-week low is ₹821.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of De Nora India is ₹85.25 ( Cr.) .

About De Nora India Ltd

De Nora India Limited is a Public Limited Company with 51% equity held by De Nora. The Company is a subsidiary of the De Nora and has brought to India the latest technologies with the complete support of De Nora's technical expertise and management. The company is headed by S. C. Jain, Managing Director, who leads a team of professionals with vast experience.

In keeping with the philosophy of the De Nora, De Nora India Limited provides its valuable customers, not only a superior product, but also technical assistance, in installation and operation of their electrodes, for both, new and retrofitted cells of different technologies, through out their operating life.

With his factory in Goa with state-of-the-art facilities, De Nora India meet the demands of the rapidly developing Chlor-alkali industry. This factory also provides us access to the Goa port facilities for our future export commitments.

This service is provided through a team of specialists, a centralized data bank and access to the vast technology resources of De Nora. It is our firm opinion, that De Nora India's strength lies in Its technical expertise backed by its well trained team of specialists. Of course, there is the additional benefit of the direct technical support of De Nora’s highly trained engineering staff, ready to discuss the needs of any prospective client, to define the best optimized solution.

Product range of the company includes:

Chlor-Alkali which makes a full range of products and systems for chlorine and alkali, and sodium and potassium chlorate commodity chemical producers.

Oxygen & Specialties designs, develops and manufactures electrodes, anode coatings and systems for several electrochemical applications

DNI Products - Electrochlorination Systems

  • Seaclor Mac®
  • Solar Mac ®
  • BRAVorâ„¢
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.