Chembond Chemicals Ltd Stock Analysis

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

BSE Share Price Jan 25, 12:49
194.30 4.05 (2.13%)

DeciZen - Make an Informed Decision on Chembond Chemicals

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued
P/E P/S EV/EBITDA

3. Price Trend

FAQ's

1. Is Chembond Chemicals Ltd a good quality company?

Data is not available for this 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 Semi Strong which suggest that the price of Chembond Chemicals Ltd is likely to Fall 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.

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 14.7%8.2%8.6%10%28.8%6.6%3.9%2.2%2.4%4.2%-
Value Creation Index 0.1-0.4-0.4-0.31.1-0.5-0.7-0.8-0.8-0.7-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 15217420421721621923215658.54247
YoY Gr. Rt. %-14.8%16.7%6.5%-0.5%1.4%6.2%-32.7%-62.5%-28.2%-
Adj EPS 5.22.534.129.410.16.23.647.27.7
YoY Gr. Rt. %--51.3%19.3%36%613.8%-65.6%-38.4%-42.2%11.4%79.6%-
BVPS (₹) 30.834.836.238.9146.8159.4167.9170.7170.8177.9182.1
Adj Net Profit 6.63.445.539.413.68.44.85.49.710
Cash Flow from Ops. 11.3-3.511.98.8-27.8-3.18.3-15.923.8-
Debt/CF from Ops. 1.9-6.62.12.5-0.3-2.40.6000-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -13.3%-27.9%-43.4%-28.2%
Adj EPS 3.6%-24.5%4.9%79.6%
BVPS 21.53.924.2
Share Price 8.6% -1.2% -16.8% 6.2%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 17.67.78.410.831.66.63.82.12.44.14.3
Op. Profit Mgn % 2.5-0.21.62-2.10.11.21.138.69.4
Net Profit Mgn % 4.41.922.518.36.23.63.19.22322
Debt to Equity 0.60.50.50.4000000-
Working Cap Days 959810297123125971333023900
Cash Conv. Cycle 33282421202125571521200

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.30%

Sales growth is good in last 4 quarters at 17.22%

Sales growth has been subdued in last 3 years -43.43%

Net Profit has been subdued in last 3 years 4.94%

Latest Financials - Chembond Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 7.7 12.6
TTM Sales (₹ Cr.) 47.1 337
BVPS (₹.) 182.1 224.7
Reserves (₹ Cr.) 238 295
P/BV 1.04 0.85
PE 24.71 15.15
From the Market
52 Week Low / High (₹) 171.00 / 285.00
All Time Low / High (₹) 2.62 / 447.50
Market Cap (₹ Cr.) 256
Equity (₹ Cr.) 6.7
Face Value (₹) 5
Industry PE 42.4

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

Analyst's Notes

News

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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