Indokem Ltd Stock Analysis

BSE: 504092 | NSE: INDOKEM | Chemicals | Small Cap

BSE Share Price Jan 17, 12:57
47.45 7.90 (19.97%)

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10 Year X-Ray:

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
Sep'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % -17.9%-0.1%-1.5%3.9%6%10.7%-6.8%-1.6%2.6%10.8%-
Value Creation Index -2.3-1.0-1.1-0.7-0.6-0.2-1.5-1.1-0.8-0.2-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 2934.637.153.958.871.67879.489.679.2110
YoY Gr. Rt. %-19.6%7%45.3%9.1%21.9%9%1.8%12.9%-11.6%-
Adj EPS -2.4-0.7-0.9-0.3-0.21.1-1.2-0.601.41.3
YoY Gr. Rt. %-NANANANANA-213.9%NANA4566.7%-
BVPS (₹) 2.98.23.23.53.21312.111.711.913.114
Adj Net Profit -5.8-1.8-2.2-0.6-0.42.6-3-1.40.13.43
Cash Flow from Ops. -2.10.61.3-2.8251.920.42.61.9-
Debt/CF from Ops. -6.780.618.1-8.20.22.73.221.73.35-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 11.8%6.2%0.5%-11.6%
Adj EPS NANANA4566.7%
BVPS 18.132.52.710
Share Price 26.4% 17.2% 47.5% 102.3%

Key Financial Parameters

Performance Ratio Colour Code Guide
Sep'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -50.8-7.4-21.6-5.2-2.611.4-9.8-4.80.211.29.4
Op. Profit Mgn % -10.22.90.71.83.3-11.8-2.8-0.42.274.5
Net Profit Mgn % -19.9-5.1-6-1.2-0.73.7-3.8-1.80.14.32.8
Debt to Equity 22.22.930.60.20.20.30.30.3-
Working Cap Days 1904972362002211801711651441710
Cash Conv. Cycle 6320198736763454442520

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.40%

Sales growth is good in last 4 quarters at 64.49%

Sales growth has been subdued in last 3 years 0.52%

Latest Financials - Indokem Ltd.

Standalone Consolidated
TTM EPS (₹) 1.3 -3.9
TTM Sales (₹ Cr.) 110 27.8
BVPS (₹.) 14 0
Reserves (₹ Cr.) 10 -10
P/BV 2.82 0.00
PE 30.84 0.00
From the Market
52 Week Low / High (₹) 20.00 / 53.40
All Time Low / High (₹) 0.50 / 190.00
Market Cap (₹ Cr.) 96.2
Equity (₹ Cr.) 24.3
Face Value (₹) 10
Industry PE 45.3

Management X-Ray:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *21.7421.7421.7421.7421.7421.7421.7421.7421.7421.74
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Indokem Ltd

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
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