Narmada Gelatines Ltd - Stock Valuation and Financial Performance

BSE: 526739 | NSE: SHAWGELTIN | Chemicals | Small Cap

Narmada Gelatines Share Price

393.90 2.55 0.65%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Narmada Gelatines

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Narmada Gelatines stock performance -

mw4me loader
P/E Ratio (SA):
15.41
Market Cap:
236.3 Cr.
52-wk low:
320
52-wk high:
518

Is Narmada Gelatines Ltd an attractive stock to invest in?

1. Is Narmada Gelatines Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Narmada Gelatines Ltd is a average quality company.

2. Is Narmada Gelatines Ltd undervalued or overvalued?

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

3. Is Narmada Gelatines Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Narmada Gelatines 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 Narmada Gelatines:

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.
Narmada Gelatines Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 18.1%14.1%7.3%5%5.2%5.5%9.8%6.2%8.8%13%-
Value Creation
Index
0.30.0-0.5-0.6-0.6-0.6-0.3-0.6-0.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 130134131113118126134135157191182
Sales YoY Gr.-2.9%-2.1%-14.2%4.3%6.9%6.8%0.5%16.7%21.5%-
Adj EPS 25.522.913.19.410.411.721.21420.625.325.3
YoY Gr.--10.2%-43%-28.3%11.1%11.8%82%-34.2%47.4%22.9%-
BVPS (₹) 150.1171.2180.1195.9204.6216.2225.5229.4240155.2180.1
Adj Net
Profit
15.413.97.95.76.37.112.88.412.415.315
Cash Flow from Ops. 10.45.96.87.29.2124.73.11.913.8-
Debt/CF from Ops. 0.20.20.2000.20.1000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.3%10.2%12.5%21.5%
Adj EPS -0.1%19.4%6%22.9%
BVPS0.4%-5.4%-11.7%-35.3%
Share Price 9.8% 21.6% 25% -2.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
18.214.27.455.25.59.66.18.812.815.1
Op. Profit
Mgn %
18.615.68.43.44.67.310.55.69.210.311.7
Net Profit
Mgn %
11.810.3655.45.69.66.37.988.4
Debt to
Equity
00000000000
Working Cap
Days
1984,6474,80122617015015218017014289
Cash Conv.
Cycle
881061221351251081021121089473

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.10%

Sales growth is growing at healthy rate in last 3 years 12.50%

Sales growth is not so good in last 4 quarters at -4.82%

Latest Financials - Narmada Gelatines Ltd.

Standalone Consolidated
TTM EPS (₹) 25.3 -0.7
TTM Sales (₹ Cr.) 182 46.3
BVPS (₹.) 180.1 0
Reserves (₹ Cr.) 103 25
P/BV 2.17 0.00
PE 15.41 0.00
From the Market
52 Week Low / High (₹) 320.00 / 517.95
All Time Low / High (₹) 5.63 / 566.15
Market Cap (₹ Cr.) 236
Equity (₹ Cr.) 6.1
Face Value (₹) 10
Industry PE 56.6

Management X-Ray of Narmada Gelatines:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Narmada Gelatines

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
Sales130134131113118126134135157191
Operating Expenses 106113120109112117120127143171
Manufacturing Costs27272622232929232941
Material Costs647079737573769098112
Employee Cost 10111110101111111214
Other Costs 4554444444
Operating Profit 2421114591481420
Operating Profit Margin (%) 18.6%15.6%8.4%3.3%4.5%7.3%10.5%5.6%9.1%10.3%
Other Income 3336456632
Interest 0000000000
Depreciation 2111111122
Exceptional Items 0100000000
Profit Before Tax 252313881318111520
Tax 9852035335
Profit After Tax 1616868101381215
PAT Margin (%) 12.5%11.5%6.3%5.4%6.8%8.0%9.6%6.3%7.8%8.0%
Adjusted EPS (₹)26.925.613.710.113.316.621.314.020.425.3
Dividend Payout Ratio (%)12%14%29%40%30%60%47%72%49%396%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 9210410911912413113613914594
Share Capital 4666666666
Reserves 889810311211812513013313988
Minority Interest0000000000
Debt2120020000
Long Term Debt0000000000
Short Term Debt2120020000
Trade Payables6451081213151512
Others Liabilities 443,5624411810111199
Total Liabilities 1433,671160140140155161165170115

Fixed Assets

Gross Block59555522272627333234
Accumulated Depreciation3532320112356
Net Fixed Assets24232322252426292728
CWIP 0000012000
Investments 2527344553686550484
Inventories30373638302934415047
Trade Receivables14151716191920181618
Cash Equivalents 121513141010912209
Others Assets383,5543763451499
Total Assets 1433,671160140140155161165170115

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1067791253214
PBT 252313881318111520
Adjustment 0-1-1-4-2-4-3-3-10
Changes in Working Capital -7-8-1455-7-1-80
Tax Paid -7-8-4-2-2-2-3-4-4-6
Cash Flow From Investing Activity -100-7-2-2-5-461044
Capex -1000-5-1-4-40-2
Net Investments -12-3-7-3-2-4-18946
Others 2301501111
Cash Flow From Financing Activity -1-3-2-5-3-1-9-7-6-67
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -2-2-3-3-3-3-7-6-6-67
Others 100-202-2000
Net Cash Flow -13-2046-826-9
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)19.415.967.85.376.637.919.646.158.6912.78
ROCE (%)29.4223.8912.117.327.0510.3813.598.410.9216.83
Asset Turnover Ratio1.070.080.070.810.860.850.850.830.941.34
PAT to CFO Conversion(x)0.630.380.881.171.131.20.380.380.170.93
Working Capital Days
Receivable Days35374149545653513932
Inventory Days728595112103858610210592
Payable Days32252138455161575745

Narmada Gelatines Ltd Stock News

Narmada Gelatines Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Narmada Gelatines on 12-Jul-2024 16:01 is ₹393.9.
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-Jul-2024 16:01 the market cap of Narmada Gelatines stood at ₹236.3.
The latest P/E ratio of Narmada Gelatines as of 12-Jul-2024 16:01 is 15.41.
The latest P/B ratio of Narmada Gelatines as of 12-Jul-2024 16:01 is 2.17.
The 52-week high of Narmada Gelatines is ₹518.0 and the 52-week low is ₹320.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Narmada Gelatines is ₹181.8 ( Cr.) .

About Narmada Gelatines Ltd

Narmada Gelatines, erstwhile Shaw Wallace Gelatines Ltd and a member of Jumbo Group, was set up in 1961. The company is strategically located in the central Indian state of Madhya Pradesh and has convenient access to its main and essential inputs of crushed bones, acid, lime and good quality water.

Narmada Gelatines, has pioneered the manufacture of ossein and gelatin in India and is today a frontrunner in India's gelatine Industry meeting exacting standards of various users worldwide.

Narmada has successfully applied sophisticated technology to ensure quality at each stage of its manufacturing process so that our products meet international quality standards and is commercially worthy of a broad spectrum of usages in the dynamic domestic and international markets.

The company has a government recognized in house R & D facility; a professional marketing set up with stock points / warehouses in major Indian metros; an all India purchase set up tied up with backward integrated units and a dominant position in the domestic market.

Production of gelatine at Narmada Gelatines Limited is undertaken at strictly controlled and stable conditions. Quality is a byword at Narmada Gelatines Limited and is closely monitored at each stage of the process. Quality techniques are constantly improved as these exacting quality control systems and standards have naturally resulted in recognition and awards.

Product range of the company:

The company is engaged in the manufacturing of gelatine for use in different purposes like:

  • Pharmaceutical    
  • Edible   
  • Industrial  
  • Photographic

Achievements/ recognition:

  • Award for Ossein Export by Capexil in 1975     
  • National award for Import substitute by the Government of India in 1992   
  • Export performance award from Madhya Pradesh Industrial Organisation in 1994     
  • Highest Gelatine export by Capexil in 1995     
  • National Award for outstanding contribution in Environment to an employee in 1998     
  • Capexil Award for Gelatine Export in 2001      
  • Capexil Award for Gelatine Export in 2004   

Certifications: 

  • ISO 9000:2001 by BVQI
  • HACCP by DNV
  • EDQM
  • HALAL - Jamait - E - ULAMA
  • KOSHER
  • Drug Licence - Govt. of MP
  • GMP -Govt. of MP
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.