Indokem Ltd - Stock Valuation and Financial Performance

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

Indokem Share Price

98.95 -2.45 -2.42%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Indokem

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

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Indokem stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
282.8 Cr.
52-wk low:
84.1
52-wk high:
132.3

Is Indokem Ltd an attractive stock to invest in?

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 Somewhat overvalued zone.

3. Is Indokem Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indokem 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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -1.5%3.9%6%10.7%-6.8%-1.6%2.6%10.8%8%1.6%-
Value Creation
Index
-1.1-0.7-0.6-0.2-1.5-1.1-0.8-0.2-0.4-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 37.153.958.871.67879.489.679.2114112127
Sales YoY Gr.-45.3%9.1%21.9%9%1.8%12.9%-11.6%43.3%-1.5%-
Adj EPS -0.9-0.3-0.21.1-1.2-0.601.41.1-0.2-1.2
YoY Gr.-NANANA-213.9%NANA4566.7%-23.6%-118.7%-
BVPS (₹) 3.23.53.21312.111.711.913.114.314.418.1
Adj Net
Profit
-2.2-0.6-0.42.6-3-1.40.13.42.6-0.5-3
Cash Flow from Ops. 1.3-2.8251.920.42.61.9-0.4-0.1-
Debt/CF from Ops. 18.1-8.20.22.73.221.73.35-31.4-178.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.1%7.5%7.7%-1.5%
Adj EPS NANA-288.2%-118.7%
BVPS18.3%3.6%6.6%0.8%
Share Price 48.7% 52.8% 61.8% -10.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-21.6-5.2-2.611.4-9.8-4.80.211.27.8-1.4-7.3
Op. Profit
Mgn %
0.71.83.3-11.8-2.8-0.42.274.21.70.5
Net Profit
Mgn %
-6-1.2-0.73.7-3.8-1.80.14.32.3-0.4-2.6
Debt to
Equity
2.930.60.20.20.30.30.30.40.5-
Working Cap
Days
23620022118017116514417113616075
Cash Conv.
Cycle
9873676345444252537223

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 7.67%

Sales growth is not so good in last 4 quarters at -0.65%

Latest Financials - Indokem Ltd.

Standalone Consolidated
TTM EPS (₹) -1.2 -3.4
TTM Sales (₹ Cr.) 127 27.8
BVPS (₹.) 18.1 0
Reserves (₹ Cr.) 23 29
P/BV 5.59 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 84.05 / 132.30
All Time Low / High (₹) 0.50 / 190.00
Market Cap (₹ Cr.) 283
Equity (₹ Cr.) 27.9
Face Value (₹) 10
Industry PE 47

Management X-Ray of Indokem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *21.7421.7421.740.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indokem

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
Sales3754597278799079114112
Operating Expenses 3753578080808874109110
Manufacturing Costs1119444467
Material Costs28404453596069578580
Employee Cost 34568887911
Other Costs 6871210767912
Operating Profit 012-9-202552
Operating Profit Margin (%) 0.7%1.8%3.2%-12.1%-2.8%-0.4%2.2%6.2%4.2%1.7%
Other Income 13124211012
Interest 3331111112
Depreciation 1001111111
Exceptional Items 0000000000
Profit Before Tax -21014-2-11330
Tax 0000000000
Profit After Tax -21014-2-11330
PAT Margin (%) -6.0%1.5%-0.6%19.3%-2.2%-1.5%0.6%3.7%2.5%0.3%
Adjusted EPS (₹)-0.90.3-0.25.7-0.7-0.50.21.21.20.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 9131532292829323535
Share Capital 24242624242424242424
Reserves -15-11-12754581011
Minority Interest0000000000
Debt23235568891215
Long Term Debt98556878912
Short Term Debt141400001133
Trade Payables9121319221820182021
Others Liabilities 1312307777789
Total Liabilities 53606362656264667580

Fixed Assets

Gross Block45262825282930303235
Accumulated Depreciation21671123457
Net Fixed Assets24202124262727262628
CWIP 0000001110
Investments 4210000000
Inventories91191081011101314
Trade Receivables11161922252021232932
Cash Equivalents 1111110110
Others Assets510115554555
Total Assets 53606362656264667580

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1-3252203200
PBT -21014-2-11330
Adjustment 544-18323333
Changes in Working Capital -1-72260-0-1-4-6-3
Tax Paid 0000000000
Cash Flow From Investing Activity 05-11-3-2-1-1-1-2
Capex -13-20-3-2-1-1-1-2
Net Investments 0211000000
Others 0000000000
Cash Flow From Financing Activity -1-2-24-311-2022
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-30120134
Interest Paid -1-2-3-1-1-1-1-1-1-2
Dividend Paid 0000000000
Others -10-18-2000000
Net Cash Flow 0000000000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-25.0410.1-4.4370.35-5.64-4.011.789.718.480.89
ROCE (%)1.2411.5911.555.58-2.6304.8810.719.424.38
Asset Turnover Ratio0.710.991.011.231.251.251.421.221.621.44
PAT to CFO Conversion(x)N/A-3-INF0.14N/AN/A30.670NAN
Working Capital Days
Receivable Days1088710298107101821008299
Inventory Days86675845424243493845
Payable Days117961051101281241021228296

Indokem Ltd Stock News

Indokem Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indokem on 28-Mar-2024 16:01 is ₹98.95.
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 Indokem stood at ₹282.8.
The latest P/E ratio of Indokem as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Indokem as of 28-Mar-2024 16:01 is 5.59.
The 52-week high of Indokem is ₹132.3 and the 52-week low is ₹84.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indokem is ₹127.1 ( 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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