Nikhil Adhesives Ltd Stock Analysis

BSE: 526159 | NSE: | Chemicals | Small Cap

BSE Share Price Jan 20, 18:01
860.20 -16.95 (-1.93%)

DeciZen - Make an Informed Decision on Nikhil Adhesives

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

1. Quality

2. Valuation

Overvalued
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

FAQ's

1. Is Nikhil Adhesives Ltd a good quality company?

Data is not available for this 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.

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 14.9%10.9%14.6%10.9%17%12.1%12.6%15.4%18.7%24.5%-
Value Creation Index 0.1-0.20.1-0.20.2-0.1-0.10.10.30.8-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 166183234254270260330446422491730
YoY Gr. Rt. %-9.8%28.1%8.6%6.3%-4%27.2%35.2%-5.5%16.4%-
Adj EPS 8.84.58.93.57.35.37.711.419.134.161.5
YoY Gr. Rt. %--48.5%98%-60.6%108.2%-28.2%46.8%47.5%67.4%78.7%-
BVPS (₹) 34.635.135.836.840.945.776.286.199.4132.5161.6
Adj Net Profit 3.41.83.51.42.92.13.65.28.815.728
Cash Flow from Ops. 28.1-2.115.712.8-4.211.116.420.922.9-
Debt/CF from Ops. 13.24-21.62.32.7-10.82.92.11.61.1-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 12.8%12.7%14.1%16.4%
Adj EPS 16.3%36%64%78.7%
BVPS 16.126.520.233.3
Share Price 37.4% 74.2% 85.4% 298.5%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 25.712.925.29.718.912.113.41420.629.441.9
Op. Profit Mgn % 4.94.85.43.74.84.33.93.75.16.36.6
Net Profit Mgn % 2.111.50.51.10.81.11.22.13.23.9
Debt to Equity 22.43.22.52.22.60.90.90.70.40.3
Working Cap Days 108108103108105120121110123139114
Cash Conv. Cycle 22151111582726323419

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 41.80%

Sales growth is growing at healthy rate in last 3 years 14.14%

Net Profit is growing at healthy rate in last 3 years 64.03%

Debt to equity has declined versus last 3 years average to 0.42

Sales growth is good in last 4 quarters at 175.79%

No data to display

Latest Financials - Nikhil Adhesives Ltd.

Standalone Consolidated
TTM EPS (₹) 61.5 0.6
TTM Sales (₹ Cr.) 730 234
BVPS (₹.) 161.6 0
Reserves (₹ Cr.) 70 10
P/BV 5.43 0.00
PE 14.26 0.00
From the Market
52 Week Low / High (₹) 194.70 / 1003.60
All Time Low / High (₹) 1.00 / 1003.60
Market Cap (₹ Cr.) 403
Equity (₹ Cr.) 4.6
Face Value (₹) 10
Industry PE 44.6

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

Analyst's Notes

News

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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