Indokem Ltd Stock Analysis

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

BSE Share Price 02-Dec-2022 18:01
100.15 0.70 (0.70%)

DeciZen - Make an Informed Decision on Indokem

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Indokem Price Chart

P/E Ratio (SA) :
166.86
Market Cap :
243.6 Cr.
52-wk low :
32.1
52-wk high :
108
Bole Toh?

1. Is Indokem Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indokem Ltd is a below average quality company.

2. Is Indokem Ltd undervalued or overvalued?

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

3. Is Indokem Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indokem 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 Indokem:

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.
Indokem 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 % -0.1%-1.5%3.9%6%10.7%-6.8%-1.6%2.6%10.8%8%-
Value Creation Index -1.0-1.1-0.7-0.6-0.2-1.5-1.1-0.8-0.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 34.637.153.958.871.67879.489.679.2114120
YoY Gr. Rt. %-7%45.3%9.1%21.9%9%1.8%12.9%-11.6%43.3%-
Adj EPS -0.7-0.9-0.3-0.21.1-1.2-0.601.41.10.6
YoY Gr. Rt. %-NANANANA-213.9%NANA4566.7%-23.6%-
BVPS (₹) 8.23.23.53.21312.111.711.913.114.314
Adj Net Profit -1.8-2.2-0.6-0.42.6-3-1.40.13.42.61
Cash Flow from Ops. 0.61.3-2.8251.920.42.61.9-0.4-
Debt/CF from Ops. 80.618.1-8.20.22.73.221.73.35-31.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.1%9.7%12.7%43.3%
Adj EPS NA-0.2%NA-23.6%
BVPS 6.427.19.1
Share Price 47.3% 25.1% 168.1% 186.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -7.4-21.6-5.2-2.611.4-9.8-4.80.211.27.84.2
Op. Profit Mgn % 2.90.71.83.3-11.8-2.8-0.42.274.22.3
Net Profit Mgn % -5.1-6-1.2-0.73.7-3.8-1.80.14.32.31.2
Debt to Equity 2.22.930.60.20.20.30.30.30.40.4
Working Cap Days 497236200221180171165144171136136
Cash Conv. Cycle 20198736763454442525363

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.67%

Sales growth is good in last 4 quarters at 23.25%

Return on Equity has declined versus last 3 years average to 4.20%

Latest Financials - Indokem Ltd.

Standalone Consolidated
TTM EPS (₹) 0.6 -3.9
TTM Sales (₹ Cr.) 120 27.8
BVPS (₹.) 14 0
Reserves (₹ Cr.) 10 -10
P/BV 7.13 0.00
PE 166.86 0.00
From the Market
52 Week Low / High (₹) 32.10 / 108.00
All Time Low / High (₹) 0.50 / 190.00
Market Cap (₹ Cr.) 244
Equity (₹ Cr.) 24.3
Face Value (₹) 10
Industry PE 34.1

Management X-Ray of Indokem :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *21.7421.7421.7421.7421.7421.7421.7421.740.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indokem

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Indokem Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indokem on 02-Dec-2022 18:01 is : 100.2.
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 02-Dec-2022 18:01 the market cap of Indokem stood at ₹ 243.6.
The latest PE ratio of Indokem as of 02-Dec-2022 18:01 is 166.9.
The latest PB ratio of Indokem as of 02-Dec-2022 18:01 is 7.13
The 52-week high of Indokem is ₹ 108.0 and the 52-week low is ₹ 32.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Indokem is ₹ 120.3 ( Cr.) .

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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