Chembond Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 530871 | NSE: CHEMBOND | Chemicals | Small Cap

Chembond Chemicals Share Price

635 3.60 0.57%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Chembond Chemicals

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Chembond Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
117.62
Market Cap:
851.3 Cr.
52-wk low:
330
52-wk high:
746.2

Is Chembond Chemicals Ltd an attractive stock to invest in?

1. Is Chembond Chemicals Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Chembond Chemicals Ltd is a below average quality company.

2. Is Chembond Chemicals Ltd undervalued or overvalued?

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

3. Is Chembond Chemicals Ltd a good buy now?

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

10 Year X-Ray of Chembond Chemicals:

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.
Chembond Chemicals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.6%10%28.8%6.6%3.9%2.2%2.4%4.2%3.7%1.7%-
Value Creation
Index
-0.4-0.31.1-0.5-0.7-0.8-0.8-0.7-0.7-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 20421721621923215658.54245.650.853
Sales YoY Gr.-6.5%-0.5%1.4%6.2%-32.7%-62.5%-28.2%8.5%11.4%-
Adj EPS 34.129.410.16.23.647.26.635.4
YoY Gr.-36%613.8%-65.6%-38.4%-42.2%11.4%79.6%-8.8%-53.7%-
BVPS (₹) 36.238.9146.8159.4167.9170.7170.8177.9182.2179.8182.1
Adj Net
Profit
45.539.413.68.44.85.49.78.84.17
Cash Flow from Ops. 11.98.8-27.8-3.18.3-15.923.8-0.52-
Debt/CF from Ops. 2.12.5-0.3-2.40.600000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -14.3%-26.2%-4.6%11.4%
Adj EPS 0%-13.4%-8.8%-53.7%
BVPS19.5%1.4%1.7%-1.3%
Share Price 23.4% 19.2% 40.5% 50.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.410.831.66.63.82.12.44.13.71.73
Op. Profit
Mgn %
1.62-2.10.11.21.138.68.13.6-0.5
Net Profit
Mgn %
22.518.36.23.63.19.22319.4813.8
Debt to
Equity
0.50.4000000000
Working Cap
Days
1029712312597133302390379341228
Cash Conv.
Cycle
242120212557152120125125190

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.00%

Sales growth has been subdued in last 3 years -4.60%

Net Profit has been subdued in last 3 years -8.82%

Sales growth is not so good in last 4 quarters at 3.86%

Latest Financials - Chembond Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 5.4 33
TTM Sales (₹ Cr.) 52.6 462
BVPS (₹.) 182.1 268.8
Reserves (₹ Cr.) 238 355
P/BV 3.48 2.36
PE 117.62 19.17
From the Market
52 Week Low / High (₹) 330.00 / 746.15
All Time Low / High (₹) 2.62 / 746.15
Market Cap (₹ Cr.) 851
Equity (₹ Cr.) 6.7
Face Value (₹) 5
Industry PE 56.6

Management X-Ray of Chembond Chemicals:

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 Chembond Chemicals

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales20421721621923215659424651
Operating Expenses 20021222021822915557384249
Manufacturing Costs2324242626179889
Material Costs15216016215916810230172124
Employee Cost 1516161718188567
Other Costs 11121816181710979
Operating Profit 34-50322442
Operating Profit Margin (%) 1.6%2.0%-2.1%0.0%1.2%1.1%2.8%8.6%7.8%3.2%
Other Income 673821158712105
Interest 3311100000
Depreciation 2333333332
Exceptional Items 001560000000
Profit Before Tax 4618617147513115
Tax 00343010321
Profit After Tax 461511514661094
PAT Margin (%) 1.9%2.6%70.1%6.6%5.9%4.1%9.5%23.0%19.2%7.8%
Adjusted EPS (₹)3.04.2112.910.810.14.74.17.26.52.9
Dividend Payout Ratio (%)51%36%4%15%18%42%49%31%77%102%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4952197214226230230239245242
Share Capital 7777777777
Reserves 4245190208219223223233238235
Minority Interest0000000000
Debt221887500000
Long Term Debt9200000000
Short Term Debt131787500000
Trade Payables4437343740126768
Others Liabilities 141612151084444
Total Liabilities 129123251274280250240251255254

Fixed Assets

Gross Block49505340404145454643
Accumulated Depreciation1114172368111414
Net Fixed Assets38363738373636343228
CWIP 2222120007
Investments 2020105167174157158169172163
Inventories262220231985433
Trade Receivables38363137384017182123
Cash Equivalents 2353721219
Others Assets445154523232520
Total Assets 129123251274280250240251255254

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 129-28-38-162402
PBT 4618617147513115
Adjustment 33-182-13-7-1-2-6-30
Changes in Working Capital 513-64-200-0-6-2
Tax Paid 0-1-34-2-3-2-2-3-3-1
Cash Flow From Investing Activity -1015021182-325
Capex -4-2-3-4-2-2-10-1-5
Net Investments -50255118-1-2110
Others 03290334021
Cash Flow From Financing Activity -2-8-20-1-5-7-60-3-7
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 1-8-20000000
Interest Paid -3-3-1-1-100000
Dividend Paid -2-2-80-2-2-50-3-7
Others 24-9-1-3-50000
Net Cash Flow 112-24-5-11-11
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.311.16121.757.066.182.782.414.133.611.63
ROCE (%)10.0311.51133.978.416.463.22.355.424.531.9
Asset Turnover Ratio1.881.931.290.930.860.590.240.170.180.2
PAT to CFO Conversion(x)31.5-0.19-0.20.57-2.670.330.400.5
Working Capital Days
Receivable Days535650515790176154159160
Inventory Days41363233333241372721
Payable Days919180828494115148120106

Chembond Chemicals Ltd Stock News

Chembond Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Chembond Chemicals on 12-Jul-2024 16:01 is ₹635.0.
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 12-Jul-2024 16:01 the market cap of Chembond Chemicals stood at ₹851.3.
The latest P/E ratio of Chembond Chemicals as of 12-Jul-2024 16:01 is 117.6.
The latest P/B ratio of Chembond Chemicals as of 12-Jul-2024 16:01 is 3.48.
The 52-week high of Chembond Chemicals is ₹746.1 and the 52-week low is ₹330.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Chembond Chemicals is ₹52.60 ( Cr.) .

About Chembond Chemicals Ltd

Chembond Chemicals, incorporated in 1975, is engaged in specialty chemicals business and offers a range of products for industrial applications It is listed on the Bombay Stock Exchange (BSE) and Ahmedabad Stock Exchange since 1995.

The company has been growing continuously in sale as well as profits and distributing profits without exception by way of dividend since its inception.

The company offers products for applications in the areas of construction chemicals, industrial coatings and chemical trading. It deals in specialty chemical products like water treatment chemicals, industrial enzymes, metal surface treatment chemicals, and in applications solutions for infrastructure.

In 2010 the company formed a joint venture with H2O Innovation Inc, Canada offering equipment solutions for water treatment.

Products:

All Chembond products are tested by experts with several years of industry experience and manufactured at its modern, well equipped plant to exacting quality standards. The company’s product portfolio is as below:

a) Speciality Chemicals Trading –

The list includes:

  • Sodium Gluconate 
  • Sodium Lignosulphonate 
  • Dimethyl Lauryl Amine 
  • Dimenthyl Co-Co Amine
  • Dimethyl Palmityl Amine 
  • Quarternary Amonium Compounds
  • Sulphonated Melamine Formaldehyde 
  • 1,2,3 Benzotriazole Tolyl Triazole   

b) Anti Corrosive Coatings - Chembond's high performance coatings are formulated to suit tropical and industrial conditions offering the very best in corrosion protection as well as appearance.

c) Construction Chemicals - Introduced in 1994, the construction chemicals range covers a wide spectrum of performance enhancing products adapted to the Indian climatic conditions. These products have been used at a number of large infrastructure projects already.

d) Online Instrumentation - Chembond started out with manufacturing instruments in 1998. It has developed pH and Conductivity meters for lab use. These units are portable and ready for field use also. 

Since 1999 it has been associated with WTW for distribution and back-up of their range of on-line instrumentation products. 

e) Water Treatment Equipment

f) Flocculants

Subsidiary:

Chembond Ashland Water Technologies is a wholly owned subsidiary of Chembond Chemicals

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