Nikhil Adhesives Ltd Stock Analysis

BSE: 526159 | NSE: | Chemicals | Small Cap

BSE Share Price 07-Feb-2023 16:49
131.55 12.00 (10.04%)

DeciZen - Make an Informed Decision on Nikhil Adhesives

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Nikhil Adhesives Price Chart

P/E Ratio ( SA) :
24.46
Market Cap :
549.3 Cr.
52-wk low :
60.4
52-wk high :
225.3
Bole Toh?

1. Is Nikhil Adhesives Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nikhil Adhesives Ltd is a good quality company.

2. Is Nikhil Adhesives Ltd undervalued or overvalued?

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

3. Is Nikhil Adhesives Ltd a good buy now?

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

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.
Nikhil Adhesives Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10.9%14.6%10.9%17%12.1%12.6%15.4%18.7%24.3%29.3%-
Value Creation Index -0.20.1-0.20.2-0.1-0.10.10.30.71.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 183234254270260330446422491814860
YoY Gr. Rt. %-28.1%8.6%6.3%-4%27.2%35.2%-5.5%16.4%65.7%-
Adj EPS 0.50.90.40.70.50.81.11.93.45.54.9
YoY Gr. Rt. %-97.8%-60.7%108.6%-27.4%45.3%48.1%67.5%78.5%61.3%-
BVPS (₹) 3.53.63.74.14.67.68.69.913.318.620.7
Adj Net Profit 1.83.51.42.92.13.65.28.815.725.322
Cash Flow from Ops. 8.1-2.115.712.8-4.211.116.420.922.924.7-
Debt/CF from Ops. 4-21.62.32.7-10.82.92.11.61.21.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 18.1%25.7%22.2%65.7%
Adj EPS 32.1%59.7%69%61.3%
BVPS 20.432.429.340.4
Share Price 43.7% 38.1% 114.1% 72.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 12.925.29.718.912.113.41420.629.434.524.9
Op. Profit Mgn % 4.85.43.74.84.33.93.75.16.35.34.6
Net Profit Mgn % 11.50.51.10.81.11.22.13.23.12.6
Debt to Equity 2.43.22.52.22.60.90.90.70.50.30.2
Working Cap Days 108103108105120121110123139107113
Cash Conv. Cycle 15111158272632342521

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.16%

Net Profit is growing at healthy rate in last 3 years 68.97%

Debt to equity has declined versus last 3 years average to 0.32

Sales growth is good in last 4 quarters at 20.95%

Return on Equity has declined versus last 3 years average to 24.90%

Latest Financials - Nikhil Adhesives Ltd.

Standalone Consolidated
TTM EPS (₹) 4.9 0.1
TTM Sales (₹ Cr.) 860 234
BVPS (₹.) 20.7 0
Reserves (₹ Cr.) 91 10
P/BV 5.77 0.00
PE 24.46 0.00
From the Market
52 Week Low / High (₹) 60.36 / 225.30
All Time Low / High (₹) 0.10 / 225.30
Market Cap (₹ Cr.) 549
Equity (₹ Cr.) 4.6
Face Value (₹) 1
Industry PE 31.5

Management X-Ray of Nikhil Adhesives :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *22.9122.9122.9122.9122.9122.9122.9122.9122.9122.91
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Nikhil Adhesives

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

News

Nikhil Adhesives Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nikhil Adhesives on 07-Feb-2023 16:49 is : 131.6.
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 07-Feb-2023 16:49 the market cap of Nikhil Adhesives stood at ₹ 549.2.
The latest PE ratio of Nikhil Adhesives as of 07-Feb-2023 16:49 is 24.46.
The latest PB ratio of Nikhil Adhesives as of 07-Feb-2023 16:49 is 5.77
The 52-week high of Nikhil Adhesives is ₹ 225.3 and the 52-week low is ₹ 60.36.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Nikhil Adhesives is ₹ 860.1 ( Cr.) .

About Nikhil Adhesives Ltd

Nikhil Adhesives (NAL) founded in 1986 as Hans marketing & Services Pvt. Ltd., is a leading manufacturing and marketing company in India .The company markets various chemicals such as VAM, BAM, 2EHA, EA etc. representing, MITCO (Petronas) Malaysia & Other Multinational Companies all over the world. Nikhil Adhesives has about 300 industrial customers, 500 dealers and distributors and about 3000 retail outlets all over india.

The company tries to deliver value products and services by employing state of the art technology and absolute focus to their customers. The synergy of commitment, technology and prompt deliverables is what makes Nikhil Adhesives the right choices.

The company is having two manufacturing facilities, one in Dahanu with capacity of -12000 MT and the other in Silvasa with Capacity of 12000 MT.

The state of the art laboratory equipped with modern testing equipments is constantly upgrading the information base and working always towards product perfection. Our laboratory activities are focused on the development of new grades as well as improvement of existing products. The laboratory is managed by qualified and experienced persons from the field of emulsion technology. Regular interactions of R&D and technical services persons are arranged with customers to understand their requirements in totality. This helps company to do value addition to the product range manufactured by the company.

Product Range of the company includes: Industrial Chemicals

  • Paint Emulsions
  • Textile
  • Emulsions
  • Construction
  • Chemicals
  • Adhesives

Consumer Chemicals

  • Consumer Products
  • Household Products
  • Art & Crafts

Trading

  • Monomers
  • Ethoxylates  
  • Solvents

Milestones

  • 1986 – Nikhil adhesive Ltd. Was founded as Hans marketing & Services Pvt. Ltd. (HM&S Pvt. Ltd.).
  • 1992 – HM&S Pvt. Ltd. Merged with M/s Nikhil Industries under the name Nikhil Adhesives.
  • 1992 – Nikhil Adhesives became Public limited company (traded on the Bombay Stock Exchange).
  •  2003 – Nikhil Adhesives Ltd. Acquired M/s Mafatlal Dyes & Chemicals Ltd. formerly known as Hoechst Dyes & Chemicals Ltd. the pioneers of adhesives business in India, along with their Brands, Hoechst German Technology and Machineries.
  • 2007 – Nikhil Adhesives Ltd. expanded their manufacturing activity and setup a new additional unit at Silvassa equiped with modern machineries and facilities to produce and cater to the requirement of various industries.
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