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Bodal Chemicals Ltd. Stock Analysis

Small Cap
Evaluated by 1502 users | BSE: 524370 | NSE: BODALCHEM |
Chemicals
Bodal Chemicals formaly known as JK phrarma, 17 years of success saga. The quest begin in 1989 with two enterprising young men Suresh patel and Ramesh patel, willing to take on the world of chemicals with their quality offering. And thus began JK pharma, a partnership firm with the production...

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.34%-0.74%3.09%27%25.62%23.58%29.16%18.79%16.5%10.83%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 5716035249601,0459101,1821,1211,3791,212
Y-o-Y Gr. Rt.-5.6%-13.2%83.2%8.9%-13%29.9%-5.2%23.1%-12.1%
Adjusted EPS (Rs.) 1.64-2.43-1.397.688.357.6211.4310.1311.98.94
Y-o-Y Gr. Rt.--248.2%NANA8.7%-8.7%50%-11.4%17.5%-24.9%
Book Value per Share (Rs.) 6.875.473.536.3214.7421.9633.2457.4268.2174.88
Adjusted Net Profit 16.4-26.5-15.283.891.183.1125124145109
Net Op. Cash Flow (Rs. Cr.) 47.7613.948.819813311222.121057.1
Debt to Cash Flow from Ops 6.0556.0324.667.611.061.081.276.690.654.17
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.
Bodal Chemicals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.7%3%0.9%-12.1%
Adjusted EPS 20.7%1.4%-7.9%-24.9%
Book Value per Share 30.438.431.19.8
Share Price 19.6% 12% -25.2% 10.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 23.9-38.19-26.75113.2965.1339.0641.4123.2618.9112.18
Operating Profit Margin (%) 10.62.125.8520.1617.8717.0118.6917.6117.0412.29
Net Profit Margin (%) 2.86-4.39-2.98.748.729.1310.5511.0510.549.02
Debt to Equity 4.235.626.353.951.120.60.390.210.160.26
Working Capital Days 140155156108122122111167164225
Cash Conversion Cycle 35535347534636666989
Entity Percentage Holding
Promoters 58.30%
Institutions 5.64%
Non-Institutions 36.05%
Pledged *0.000.000.000.000.002.462.462.450.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Bodal Chemicals Ltd.'s performance infers:

Bodal Chemicals Ltd. earnings have grown by 1.4%, whereas share price has appreciated 12% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Bodal Chemicals Ltd. share prices over the last 10 years. Here is what we found out:

Bodal Chemicals Ltd. share price has appreciated 6.2% annually over the past ten years.

Bodal Chemicals formaly known as JK phrarma, 17 years of success saga. The quest begin in 1989 with two enterprising young men Suresh patel and Ramesh patel, willing to take on the world of chemicals with their quality offering. And thus began JK pharma, a partnership firm with the production capacity of 60 metric tonnes per annum of Vinyl Sulphone. Bodal Chemicals Ltd has now emerged as supplier of one of the finest quality of Dyes and Dyes Intermediates

The company's huge motivation is

Bodal Chemicals formaly known as JK phrarma, 17 years of success saga. The quest begin in 1989 with two enterprising young men Suresh patel and Ramesh patel, willing to take on the world of chemicals with their quality offering. And thus began JK pharma, a partnership firm with the production capacity of 60 metric tonnes per annum of Vinyl Sulphone. Bodal Chemicals Ltd has now emerged as supplier of one of the finest quality of Dyes and Dyes Intermediates

The company's huge motivation is the ability to use its products in the most optimum way and it has made it to lead from one partnership firm to a well established Limited Company. 1994 saw the conversion of the partnership firm to a private limited company with the change in name to Bodal Chemicals Ltd.

About 17 years back company started producing vinyl sulphone in a small way and with the passage of time due to foresight of the main person instrumental, Today Bodal is producing about 12 major dye intermediates with a monthly capacity of 1500 mt.

For the production of dyes the company has their own major dye-intermediates means quality will be consistent of dye_stuffs. Bodal is a fast growing company in the field of manufacturing dye intermediates & dye stuffs.

Bodal chemicals have established their production units at

  • Bodal Chemicals Ltd, Ahmedabad - Unit 1
  • Bodal Chemicals Ltd, Ahmedabad - Unit 2
  • Bodal Chemicals Ltd, Ahmedabad - Unit 3 
  • Bodal Chemicals Ltd, Ahmedabad - Unit 4 
  • Bodal Chemicals Ltd, Ankleshwar - Unit 5
  • Bodal Chemicals Ltd, Panoli - Unit 6 
  • Bodal Chemicals Ltd, Baroda - Unit 7 

Product range of the company includes:

Dyes intermediates

Acid & Direct Dyes

  • Direct Dyes
  • Acid Miling Dyes
  • Metal Complex Dyes Acid 1:1
  • Metal Complex Dyes Acid 2:1
  • Acid Dyes

Reactive Dyes

  • VS Based Dyes
  • H Dyes
  • HE Dyes
  • M Dyes
  • Bifunctional Dyes

Out of total production more than 70% is being exported to various countries like USA, UK, Germany, Spain, Turkey, China, Indonasia, Taiwan, Korea, Greece, Egypt, Portugal, Hongkong, Italy, Bangladesh and Pakistan.

Awards/achievements

  • Bodal Chemicals is an ISO 9001-2000 certified company
  • The company has Received Award for Excellence Growth in Exports from Mr. R S Reddy, Executive Director of Union Bank of India on 11/09/2006.
  • The company is a Government of India recognized Export House.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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