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Narmada Gelatines Ltd. Stock Analysis

Small Cap
Evaluated by 416 users | BSE: 526739 | NSE: SHAWGELTIN |
Chemicals
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...

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
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 17.47%17.76%16.68%20.81%18.08%14.07%7.34%4.98%5.22%5.54%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 83.891107122130134131113118126
Y-o-Y Gr. Rt.-8.6%17.3%14.1%7.1%2.9%-2.1%-14.2%4.3%6.9%
Adjusted EPS (Rs.) 13.5215.5216.9224.8625.5222.9313.089.3810.4211.65
Y-o-Y Gr. Rt.-14.8%9%46.9%2.7%-10.2%-43%-28.3%11.1%11.8%
Book Value per Share (Rs.) 78.1990.74105.54127.1150.08171.16180.1195.91204.63216.18
Adjusted Net Profit 8.29.410.21515.413.97.95.76.37.1
Net Op. Cash Flow (Rs. Cr.) 84.35.315.310.45.96.87.29.212
Debt to Cash Flow from Ops 0.050.150.430.010.150.190.22000.17
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Narmada Gelatines Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.6%-0.7%-1.5%6.9%
Adjusted EPS -1.6%-14.5%-3.8%11.8%
Book Value per Share 127.66.35.6
Share Price 11.4% 1% -0.6% 13.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 17.8717.7916.8821.0818.2114.177.414.985.25.54
Operating Profit Margin (%) 14.9516.0614.1917.8118.5715.568.413.364.567.34
Net Profit Margin (%) 9.7710.329.5912.3511.8310.336.025.035.365.61
Debt to Equity 0.010.010.0400.020.010.01000.02
Working Capital Days 1561731881871984,6474,801226170150
Cash Conversion Cycle 8485918688106122135125108
Entity Percentage Holding
Promoters 75.00%
Institutions 0.01%
Non-Institutions 24.99%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Narmada Gelatines Ltd.'s performance infers:

Narmada Gelatines Ltd. earnings have declined by -14.5%, whereas share price has appreciated 1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Narmada Gelatines Ltd. share prices over the last 10 years. Here is what we found out:

Narmada Gelatines Ltd. share price has appreciated 9.5% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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