India Gelatine & Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 531253 | NSE: | Chemicals | Small Cap

India Gelatine &Chem Share Price

373.75 -16.65 -4.26%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on India Gelatine &Chem

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

India Gelatine & Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
8.11
Market Cap:
265.1 Cr.
52-wk low:
236
52-wk high:
514

Is India Gelatine & Chemicals Ltd an attractive stock to invest in?

1. Is India Gelatine & Chemicals Ltd a good quality company?

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

2. Is India Gelatine & Chemicals Ltd undervalued or overvalued?

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

3. Is India Gelatine & Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of India Gelatine & 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 India Gelatine &Chem:

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.
India Gelatine & Chemicals 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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.2%2.9%1.8%1.7%1.9%5.3%5.4%5.1%4%18.1%-
Value Creation
Index
-0.5-0.8-0.9-0.9-0.9-0.6-0.6-0.6-0.70.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 12111594.374.497.8112132144160205211
Sales YoY Gr.--4.5%-18.4%-21.1%31.4%14.6%17.8%9.1%11.1%28.4%-
Adj EPS 8.53.52.32.32.97.57.87.66.232.746.1
YoY Gr.--58.6%-36%-0.4%29.3%159.1%2.9%-2.5%-18.5%429.5%-
BVPS (₹) 121.7126.1128.9132139.1144.2146.9155.2161.7192.3225.2
Adj Net
Profit
83.32.12.12.15.45.55.44.423.233
Cash Flow from Ops. -0.8173.8-4.314.74.97.56.18.917.9-
Debt/CF from Ops. -0000000000.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.1%16%15.9%28.4%
Adj EPS 16.1%62.2%61.5%429.5%
BVPS5.2%6.7%9.4%18.9%
Share Price 18.8% 34.2% 61.8% 39.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.22.91.81.71.95.35.353.918.522.1
Op. Profit
Mgn %
12.64.94.70.82.556.264.816.319.2
Net Profit
Mgn %
6.62.92.32.82.14.84.23.72.711.315.5
Debt to
Equity
0000000000.1-
Working Cap
Days
20821124027616912711611611710784
Cash Conv.
Cycle
8394107140102817373736263

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.10%

Sales growth is growing at healthy rate in last 3 years 15.87%

Net Profit is growing at healthy rate in last 3 years 61.47%

Sales growth is not so good in last 4 quarters at 6.25%

Latest Financials - India Gelatine & Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 46.1 -
TTM Sales (₹ Cr.) 211 -
BVPS (₹.) 225.2 -
Reserves (₹ Cr.) 153 -
P/BV 1.66 -
PE 8.11 -
From the Market
52 Week Low / High (₹) 236.00 / 513.95
All Time Low / High (₹) 7.65 / 513.95
Market Cap (₹ Cr.) 265
Equity (₹ Cr.) 7.1
Face Value (₹) 10
Industry PE 47

Management X-Ray of India Gelatine &Chem:

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 India Gelatine &Chem

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
Sales121115947498112132144160205
Operating Expenses 106110907496107125135153172
Manufacturing Costs40382628333744374856
Material Costs50534731465059788285
Employee Cost 456441010101113
Other Costs 1213111213101291217
Operating Profit 156412578733
Operating Profit Margin (%) 12.6%4.9%4.7%0.8%1.6%4.9%5.0%5.9%4.6%16.3%
Other Income 3756443543
Interest 0000000001
Depreciation 5553333444
Exceptional Items 0000000000
Profit Before Tax 127533669732
Tax 4110001228
Profit After Tax 86432657624
PAT Margin (%) 6.7%5.4%3.9%4.3%2.3%5.1%4.1%4.9%3.5%11.6%
Adjusted EPS (₹)8.66.63.93.43.28.17.610.07.933.7
Dividend Payout Ratio (%)21%23%23%27%63%43%20%25%32%15%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 11411912112499102104110115136
Share Capital 9999777777
Reserves 105109112115929597103108129
Minority Interest0000000000
Debt0000000008
Long Term Debt0000000008
Short Term Debt0000000000
Trade Payables43356385814
Others Liabilities 30323312111111111322
Total Liabilities 148154157141115116124127136180

Fixed Assets

Gross Block115119120122123125129127131150
Accumulated Depreciation66717578818386869090
Net Fixed Assets49474544424243404160
CWIP 1101000014
Investments 1313736303028343343
Inventories28292431262529282941
Trade Receivables646545691214
Cash Equivalents 1331419367669
Others Assets3829341698109159
Total Assets 148154157141115116124127136180

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -1174-415576918
PBT 127533669732
Adjustment 3-10-2113022
Changes in Working Capital -12121-512-11-22-11
Tax Paid -4-1-20-1-1-3-1-2-6
Cash Flow From Investing Activity 238-27-19-1-3-6-8-21
Capex -10-3-3-1-3-5-2-5-24
Net Investments 118-28-2101-6-41
Others 3234322111
Cash Flow From Financing Activity -3-2-2-1-1-2-3-1-27
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000000-1
Dividend Paid -3-2-2-1-1-2-3-1-2-2
Others -1000000009
Net Cash Flow -21810-32-521-1-13
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.235.343.062.582.035.735.196.644.9919.03
ROCE (%)11.186.23.952.462.425.676.368.826.725.05
Asset Turnover Ratio0.820.770.620.510.770.971.11.151.221.3
PAT to CFO Conversion(x)-0.132.831-1.337.50.831.40.861.50.75
Working Capital Days
Receivable Days21161926171616202423
Inventory Days77901011321068374726563
Payable Days32232244423336323048

India Gelatine & Chemicals Ltd Stock News

India Gelatine & Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of India Gelatine &Chem on 28-Mar-2024 16:01 is ₹373.8.
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 16:01 the market cap of India Gelatine &Chem stood at ₹265.1.
The latest P/E ratio of India Gelatine &Chem as of 28-Mar-2024 16:01 is 8.11.
The latest P/B ratio of India Gelatine &Chem as of 28-Mar-2024 16:01 is 1.66.
The 52-week high of India Gelatine &Chem is ₹514.0 and the 52-week low is ₹236.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of India Gelatine &Chem is ₹211.2 ( Cr.) .

About India Gelatine & Chemicals Ltd

India Gelatine & Chemicals Ltd. (IGC) was incorporated in 1973 and started its production in 1975 with the technical collaboration & know-how from Konica Gelatine Corporation, Japan. The Financial collaboration came from Nichimen Corporation, Japan. The company is engaged in the manufacturing of chemical products.

In the year 1975, the company started its production of Ossein, the raw material for Gelatine, which was exported to Japan. Within two decades, the company expanded & installed modern equipment imported from countries like Japan, Holland, USA, UK & Germany. From the year 1997, the company commenced the manufacture of Gelatine with the continued support of M/s. Konica Gelatine Corporation, Japan. IGCL is listed on both the Bombay Stock Exchange & Ahmedabad Stock Exchange. Befitting true market leader, IGCL recognises the importance of research. The company's future plans are based on the findings of research & development activities.

The pilot plan setup to augment the research & development activities of IGCL continuously tests & develops its upgradation of processes & products. Gelatine, known for centuries for its high nutritional value is a highly versatile product. Compared to all the usual hydrocolloids, Gelatine offers a unique combination of neutral taste, easy digestibility, brilliant clarity & reversible setting capacity.

Gelatine is accepted as a foodstuff & not just as a food additive, this biological product consists almost all 18 amino acids essential for human nutrition. 

Product range of the company includes:

  • Photographic Gelatine
  • Pharmaceutical Gelatine 
  • Edible Gelatine
  • Technical Gelatine. 

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