Kanoria Chemicals & Industries Ltd - Stock Valuation and Financial Performance

BSE: 506525 | NSE: KANORICHEM | Chemicals | Small Cap

Kanoria Chem. & Inds Share Price

123.60 -2.30 -1.83%
as on 12-Apr'24 10:19

DeciZen - make an informed investing decision on Kanoria Chem. & Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Kanoria Chemicals & Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
550.1 Cr.
52-wk low:
100.3
52-wk high:
156.3

Is Kanoria Chemicals & Industries Ltd an attractive stock to invest in?

1. Is Kanoria Chemicals & Industries Ltd a good quality company?

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

2. Is Kanoria Chemicals & Industries Ltd undervalued or overvalued?

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

3. Is Kanoria Chemicals & Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kanoria Chemicals & Industries 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 Kanoria Chem. & Inds:

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.
Kanoria Chemicals & Industries 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 % 3.8%1.7%3.3%4.7%0.9%1.9%0.4%1.4%4.3%0.4%-
Value Creation
Index
-0.7-0.9-0.8-0.7-0.9-0.9-1.0-0.9-0.7-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 340311297296339448360388649675590
Sales YoY Gr.--8.6%-4.4%-0.4%14.6%32.1%-19.6%7.8%67.3%4%-
Adj EPS 2.71.23.27.20.32.1-1.30.45.7-0.9-1.5
YoY Gr.--53.9%158.1%125.6%-95.6%568.8%-160.3%NA1446%-115.4%-
BVPS (₹) 110.4112.1138.1140.6139.5142.6141.2140.5146.2146.6146.2
Adj Net
Profit
11.85.41431.51.49.3-5.61.625-3.8-7
Cash Flow from Ops. -3.315.743.55.828.641.412.118.749.125-
Debt/CF from Ops. -33.56.52.820.33.52.9126.725-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.9%14.8%23.4%4%
Adj EPS -188.3%-222.4%NA-115.4%
BVPS3.2%1%1.3%0.3%
Share Price 14.6% 14.6% 3.2% 2.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.51.12.65.20.21.5-0.90.34-0.6-1
Op. Profit
Mgn %
8.33.611.410.23.95.927.39.22.80.3
Net Profit
Mgn %
3.51.74.710.70.42.1-1.60.43.9-0.6-1.1
Debt to
Equity
0.20.20.20.20.20.20.20.20.20.2-
Working Cap
Days
14118419422123719227028316515261
Cash Conv.
Cycle
4453505956375149384217

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.35%

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at -16.14%

Latest Financials - Kanoria Chemicals & Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -1.5 -7
TTM Sales (₹ Cr.) 590 1,560
BVPS (₹.) 146.2 137.3
Reserves (₹ Cr.) 617 578
P/BV 0.86 0.92
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 100.25 / 156.30
All Time Low / High (₹) 3.02 / 219.70
Market Cap (₹ Cr.) 550
Equity (₹ Cr.) 21.9
Face Value (₹) 5
Industry PE 49.4

Management X-Ray of Kanoria Chem. & Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *29.5629.5629.5629.5629.5629.5729.5729.5729.5729.57
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kanoria Chem. & Inds

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
Sales340311297296339448360388649675
Operating Expenses 315300264267326421354364590661
Manufacturing Costs41474539414646446374
Material Costs239219183188242327251271470522
Employee Cost 17182021232530293639
Other Costs 18161620202326192127
Operating Profit 2511332913275245914
Operating Profit Margin (%) 7.3%3.5%11.1%9.7%3.9%5.9%1.5%6.3%9.1%2.1%
Other Income 4131212323142191125
Interest 166113761212910
Depreciation 15192120212021222121
Exceptional Items 0-10-180-30-400
Profit Before Tax 3516229812-6-5409
Tax 705-1033-6-1153
Profit After Tax 2715171969-1-4256
PAT Margin (%) 8.0%4.9%5.7%6.3%1.7%1.9%-0.2%-0.9%3.8%0.9%
Adjusted EPS (₹)6.33.53.94.31.32.0-0.2-0.85.71.4
Dividend Payout Ratio (%)24%43%39%35%117%38%0%0%17%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 482490603614610623617614639640
Share Capital 22222222222222222222
Reserves 460468582593588601595592617619
Minority Interest0000000000
Debt89831011018810913611585108
Long Term Debt50294829203668655965
Short Term Debt38545372687368512743
Trade Payables55281825474467628663
Others Liabilities 605710387818776789196
Total Liabilities 685657826827826863896869901907

Fixed Assets

Gross Block379381386402464473524528544563
Accumulated Depreciation13815921406181102124144159
Net Fixed Assets240222365362404392422404400405
CWIP 011527734111350
Investments 267264223184145171149143209218
Inventories63382732422854445253
Trade Receivables524041555362628311486
Cash Equivalents 324238372918250
Others Assets5992111130138146180179116145
Total Assets 685657826827826863896869901907

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -316446294112194925
PBT 3516229814-6-1409
Adjustment -811623111423301916
Changes in Working Capital -2213-221216-6-11-104
Tax Paid -9-22-5-2-320-1-4
Cash Flow From Investing Activity 554-4075-44-168-10-42
Capex -9-4-35-31-38-33-27-7-12-12
Net Investments 72505548442434112-9
Others -8-42-60-10-2-35-2341-22
Cash Flow From Financing Activity -58-211-17-3266-33-3714
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -15-7-10-4-8-7-13-13-9-9
Dividend Paid -8-8-8-8-8-8-400-4
Others -35-719-5-162023-21-2727
Net Cash Flow -6-14-4233-73-4
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.783.153.113.070.911.39-0.13-0.63.990.93
ROCE (%)8.383.735.031.72.122.480.760.996.682.46
Asset Turnover Ratio0.560.510.440.40.420.530.410.440.730.75
PAT to CFO Conversion(x)-0.111.072.590.324.834.56N/AN/A1.964.17
Working Capital Days
Receivable Days43494554574763685654
Inventory Days44533633392942462728
Payable Days57694642555181875752

Kanoria Chemicals & Industries Ltd Stock News

Kanoria Chemicals & Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kanoria Chem. & Inds on 12-Apr-2024 10:19 is ₹123.6.
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 12-Apr-2024 10:19 the market cap of Kanoria Chem. & Inds stood at ₹550.1.
The latest P/E ratio of Kanoria Chem. & Inds as of 12-Apr-2024 10:19 is 0.00.
The latest P/B ratio of Kanoria Chem. & Inds as of 12-Apr-2024 10:19 is 0.86.
The 52-week high of Kanoria Chem. & Inds is ₹156.3 and the 52-week low is ₹100.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kanoria Chem. & Inds is ₹589.7 ( Cr.) .

About Kanoria Chemicals & Industries Ltd

Kanoria Chemicals & Industries is an ISO 9001, ISO 14001 and OHSAS 18001 certified leading manufacturer of chemical intermediates in India. In 1965 the company commissioned its Caustic Chlorine plant at Renukoot in the state of Uttar Pradesh with a capacity of 16,500 TPA of Caustic Soda

KCI has two manufacturing facilities, one at Renukoot in the state of Uttar Pradesh, which manufactures Chlor-Alkalis, Chlorine derivatives and water treatment chemicals; and the second at Ankleshwar in the state of Gujarat, which manufactures Alcohol based intermediates. KCI operates two 25MW thermal power plants in Renukoot, and enjoys cost advantage as a result of backward and forward integration. The company’s portfolio comprises of over twenty products, with market leadership in six and substantial shares in all others.

KCI has been rated ‘CRISIL GVC Level 3’ for its strong capability with respect to wealth creation for all its stakeholders while adopting sound corporate governance practices. The Company steadfastly believes in the core values of sustainability, transparency, ethical business practices, and maintaining high standards of corporate governance.

KCI is well recognised in the areas of environment management, resource use efficiency and social responsibility. It has been the recipient of several awards, including:The Indian Chemicals Manufacturers Association (ICMA) Award for Water Resource Management in Chemical Industry

Product range of the company includes: Kanoria Chemicals & Industries Limited (KCI) is a leading player in the Indian chemicals and intermediates market. The company is engaged in the manufacturing of:

  • Alco Chemicals
  • Chloro Chemicals
  • Industrial Gases
  • Water Treatment Chemicals

Milestones of the company

  • 2012 - Acquired 90% stake in APAG Holdings AG, Switzerland engaged in development and sale of mechatronic modules and control devices
    Set up 5 MW solar power project in Jodhpur district in the state of Rajasthan.
  • 2011 - Divested the Chloro Chemicals manufacturing facility at Renukoot.
  • 2008 Further expansion in Caustic Soda manufacturing capacity from 90,000 TPA to 130,000 TPA • Commissioned a 15,000 TPA Bleaching Powder Plant • Commissioned a 11.500 TPA Chlorinated Paraffins plant
  • 2006 Expansion in Caustic Soda manufacturing capacity from 50,000 TPA to 90,000 TPA
  • 2005 Commissioned a second 25 MW coal based power plant at Renukoot2004• Further expansion of Formaldehyde plant to 75,000 TPA• Further expansion of Aluminium Chloride plant
  • 2002 Further expansion of Penta plant to 6,000 TPA• Further expansion of Formaldehyde plant to 50,000 TPA• Further expansion of Acetaldehyde plant to 10,000 TPA
  • 2000 Started producing Hydrogen for commercial purposes
  • 1999 Expansion in capacity of Distillery to 225 million litres per annum• Commissioned a 2 MW Bio-gas plant at Ankleshwar
  • 1998 Commissioned a 25 MW coal based power plant at Renukoot• Further expansion in capacity of Acetaldehyde plant to 9,000 TPA• Commissioned Acetic Acid plant with a capacity of 6,000 TPA• Commissioned Ethyl Acetate plant with a capacity of 3,300 TPA
  • 1997 Further expansion in capacity of Lindane plant to 875 TPA• Commissioned Aluminium Chloride plant with a capacity of 6,875 TPA• Further expansion of Penta plant to 5,000 TPA• Further expansion of Hexamine plant to 4,000 TPA1995• Expansion in capacity of Lindane plant to 660 TPA
  • 1994 Started producing Industrial Alcohol (15 million litres per annum)1993• Expansion in capacity of Formaldehyde plant to 33,000 TPA
  • 1992 Commissioned Hexamine plant with a capacity of 1,500 TPA1991• Commissioned a plant to manufacture Lindane with a capacity of 33 TPA
  • 1991 Expansion in capacity of Acetaldehyde plant to 2,500 TPA
  • 1988 Expansion in capacity of Penta to 3,000 TPA and consequently Sodium Formate plant to 1,650 TPA• Commenced production of Acetaldehyde with a capacity of 6,000 TPA
  • 1987 Commissioned Formaldehyde plant with a capacity of 16,500 TPA
  • 1983 Commissioned another chemical complex in Ankleshwar in the state of Gujarat, with initial capacity of 1,200    TPA of Pentaerythritol (Penta) and 660 TPA of Sodium Formate.
  • 1980 Further expansion of SBP plant to 15,000 TPA
  • 1977 Expansion in capacity of SBP to 10,000 TPA
  • 1973 Further expansion in capacity of Caustic Chlorine plant to 33,000 TPA
  • 1972 Expansion in capacity of Caustic Chlorine plant to 21,000 TPA• Added Stable Bleaching Powder (SBP) plant with a capacity of 5,000 TPA• Started producing own Salt
  • 1965 Caustic Chlorine plant commissioned at Renukoot in the state of Uttar Pradesh with a capacity of 16,500 TPA of Caustic Soda

Awards & Certificates

  • Kanoria Chemicals & Industries Limited (KCI) attaches great significance to quality, safety, corporate governance and environment management.
  • KCI is an ISO 9001, ISO 14001 and OHSAS 18001 certified company.
  • KCI is rated by CRISIL at Level 3 for Governance and Value Creation.
  • KCI is widely recognised for its initiatives in environment management and technological innovations. Some of the awards that the company has won include:-'Indian Chemical Manufacturers' Association (ICMA) Award for Water Resource Management in Chemical Industry 2003-04-ICMA D.M. Trivedi Award for Introducing Advancement in Technology having a Widespread Impact on Chemical Industry 2003-04-The Energy & Resources Institute (TERI) Corporate Environmental Award 2003-04-The Golden Peacock Eco-Innovation Award for Environment Management 2005, instituted by the World Environment Foundation.
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