Chembond Chemicals Ltd Stock Analysis

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

BSE Share Price 07-Feb-2023 18:01
272.45 0.05 (0.02%)

DeciZen - Make an Informed Decision on Chembond Chemicals

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Chembond Chemicals Price Chart

P/E Ratio ( SA) :
110.56
Market Cap :
366.4 Cr.
52-wk low :
151.5
52-wk high :
309.2
Bole Toh?

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 Semi Strong which suggest that the price of Chembond Chemicals 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 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 8.2%8.6%10%28.8%6.6%3.9%2.2%2.4%4.2%3.4%-
Value Creation Index -0.4-0.4-0.31.1-0.5-0.7-0.8-0.8-0.7-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 17420421721621923215658.54246.248
YoY Gr. Rt. %-16.7%6.5%-0.5%1.4%6.2%-32.7%-62.5%-28.2%9.8%-
Adj EPS 2.534.129.410.16.23.647.262.5
YoY Gr. Rt. %-19.3%36%613.8%-65.6%-38.4%-42.2%11.4%79.6%-16.1%-
BVPS (₹) 34.836.238.9146.8159.4167.9170.7170.8177.9182.2179.6
Adj Net Profit 3.445.539.413.68.44.85.49.78.13
Cash Flow from Ops. -3.511.98.8-27.8-3.18.3-15.923.80.5-
Debt/CF from Ops. -6.62.12.5-0.3-2.40.60000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -13.7%-26.7%-33.4%9.8%
Adj EPS 10.1%-9.8%18.8%-16.1%
BVPS 20.22.72.22.4
Share Price 13% 1.5% 7.9% 39.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 7.78.410.831.66.63.82.12.44.13.41.4
Op. Profit Mgn % -0.21.62-2.10.11.21.138.69.10.1
Net Profit Mgn % 1.922.518.36.23.63.19.22317.66.9
Debt to Equity 0.50.50.40000000-
Working Cap Days 9810297123125971333023903740
Cash Conv. Cycle 282421202125571521201230

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 18.83%

Return on Equity has declined versus last 3 years average to 1.40%

Sales growth has been subdued in last 3 years -33.40%

Sales growth is not so good in last 4 quarters at 2.55%

Latest Financials - Chembond Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 2.5 12.3
TTM Sales (₹ Cr.) 48 413
BVPS (₹.) 179.6 231.9
Reserves (₹ Cr.) 235 305
P/BV 1.52 1.18
PE 110.56 22.26
From the Market
52 Week Low / High (₹) 151.45 / 309.20
All Time Low / High (₹) 2.62 / 447.50
Market Cap (₹ Cr.) 366
Equity (₹ Cr.) 6.7
Face Value (₹) 5
Industry PE 31.2

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 (%)

News

Chembond Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Chembond Chemicals on 07-Feb-2023 18:01 is : 272.4.
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 07-Feb-2023 18:01 the market cap of Chembond Chemicals stood at ₹ 366.4.
The latest PE ratio of Chembond Chemicals as of 07-Feb-2023 18:01 is 110.6.
The latest PB ratio of Chembond Chemicals as of 07-Feb-2023 18:01 is 1.52
The 52-week high of Chembond Chemicals is ₹ 309.2 and the 52-week low is ₹ 151.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Chembond Chemicals is ₹ 47.98 ( 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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