X

Indokem Ltd. Stock Analysis

Small Cap
Evaluated by 123 users | BSE: 504092 | NSE: INDOKEM |
Chemicals
Indokem, a Khatau Group company was set up in 1946 to manufacture process and market a wide range of exclusive dyestuffs to the growing textile industry in India. From its very inception, Indokem has been customer driven and highly service oriented group, providing value added products...

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'11Sep'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -10.69%-17.94%-0.12%-1.48%3.89%6.02%10.7%-6.8%-1.61%2.63%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 27.72934.637.153.958.871.67879.489.6
Y-o-Y Gr. Rt.-4.7%19.6%7%45.3%9.1%21.9%9%1.8%12.9%
Adjusted EPS (Rs.) -3.23-2.36-0.71-0.91-0.25-0.161.08-1.23-0.570.03
Y-o-Y Gr. Rt.-NANANANANANA-213.9%NANA
Book Value per Share (Rs.) 8.812.948.163.193.473.2112.9512.111.6611.93
Adjusted Net Profit -7.9-5.8-1.8-2.2-0.6-0.42.6-3-1.40.1
Net Op. Cash Flow (Rs. Cr.) 0.4-2.10.61.3-2.8251.920.42.6
Debt to Cash Flow from Ops 44.97-6.780.5918.06-8.160.222.683.221.733.27
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.
Indokem Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 14%10.7%7.8%12.9%
Adjusted EPS NANA-69.7%NA
Book Value per Share 3.428-2.72.3
Share Price 14.1% 13% -26.8% 148.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Sep'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -29.83-50.76-7.35-21.57-5.15-2.611.39-9.83-4.840.22
Operating Profit Margin (%) -7.72-10.172.940.681.793.3-11.84-2.78-0.422.18
Net Profit Margin (%) -28.64-19.94-5.05-6.04-1.15-0.663.68-3.84-1.760.07
Debt to Equity 0.921.952.232.9130.550.160.210.310.29
Working Capital Days 357190497236200221180171165144
Cash Conversion Cycle 1086320198736763454445
Entity Percentage Holding
Promoters 70.93%
Institutions 0.23%
Non-Institutions 28.85%
Pledged *21.7421.7421.7421.7421.7421.7421.7421.7421.7421.74
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

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

Indokem Ltd. earnings have grown by 0%, whereas share price has appreciated 13% 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 Indokem Ltd. share prices over the last 10 years. Here is what we found out:

Indokem Ltd. share price has appreciated 6.9% annually over the past ten years.

Indokem, a Khatau Group company was set up in 1946 to manufacture process and market a wide range of exclusive dyestuffs to the growing textile industry in India. From its very inception, Indokem has been customer driven and highly service oriented group, providing value added products consistently. Keeping in view the need of consolidation, Indonon Vat Dyes Plant was started in 1990's on a sprawling complex at Ankleshwar. This is an ultra modern plant specialised in Anthraquinone Chemistry,

Indokem, a Khatau Group company was set up in 1946 to manufacture process and market a wide range of exclusive dyestuffs to the growing textile industry in India. From its very inception, Indokem has been customer driven and highly service oriented group, providing value added products consistently. Keeping in view the need of consolidation, Indonon Vat Dyes Plant was started in 1990's on a sprawling complex at Ankleshwar. This is an ultra modern plant specialised in Anthraquinone Chemistry, which manufactures a range of Anthraquinone based Vat Dyes.

Innovation, enterprise and a concern for quality have contributed to the success and growth of the group over the years. The company's capabilities and achievements lend confidence to meet tomorrow's challenges.

In 1874, Seth Khatau Makanji laid the foundation stone of Khatau Makanji Spinning and Weaving Company Limited. Soon Khatau sarees, voiles and fabrics became synonymous with high quality premium fabric. From these early days, the group has grown into a multidimensional enterprise, covering industries such as textiles, Chemicals, Dyestuffs, Shipping, Electrical Cables, Footwear, etc.

In the late 20th century, business became more competitive and the Group confirmed, formed various Strategic Business Units (SBU). Indokem Limited, Refnol Resins and Chemicals Ltd and associated companies were such units under the stewardship of M. K. Khatau (Chairman & Managing Director).

From its very inception, Indokem has been customer driven and highly service oriented group, providing value added products consistently.

The Indonon Vat Dyes factory of the company was started in 1980s on a sprawling complex at Ankleshwar. This is an ultra modern plant specialised in Anthraquinone Chemistry, which manufactures a range of Anthraquinone based Vat Dyes - Ultra Conc powders, Micro Disperse Vat Dyes and Vat Pastes.

Indokem ventured into manufacturing Anthraquinone series of Vat dyes in 1990’s to cater the growing needs of Textile Industry. The project set up on an area of over 40 acres has an investment of about Rs 350 million. The factory is located at Ankleshwar in Gujarat State, about 300 km north of Mumbai.

The company’s international presence is strengthened by their three international group companies.

  • Indokem Exports Ltd., Mumbai, India.
  • Tex Care Middle East L.L.C, Sharjah, UAE.
  • Indokem Overseas Ltd., Chennai, India.

Product range of the company includes:

  • Indonon Vat Dyes - For Yarn Dyeing, Continuous Dyeing & Pastes.
  • Sizing Chemicals - For sizing of wrap yarns.
  • Eco-Friendly Dyes.
  • Textile Auxiliaries.

Other Products:

  • Reactive DyesL:
  • Indocron M Dyes.
  • Indocron HE Dyes.-Disperse Dyes.-Acid Dyes.-Pigment Emulsions
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback