Nitta Gelatin India Ltd Stock Analysis

BSE: 506532 | NSE: KERALACHEM | Chemicals | Small Cap

BSE Share Price 02-Dec-2022 18:01
730.25 5.60 (0.77%)

DeciZen - Make an Informed Decision on Nitta Gelatin India

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Nitta Gelatin India Price Chart

P/E Ratio (SA) :
15.65
Market Cap :
663 Cr.
52-wk low :
200
52-wk high :
747
Bole Toh?

1. Is Nitta Gelatin India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nitta Gelatin India Ltd is a below average quality company.

2. Is Nitta Gelatin India Ltd undervalued or overvalued?

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

3. Is Nitta Gelatin India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nitta Gelatin India 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 Nitta Gelatin India:

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.
Nitta Gelatin India 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 12.8%0.8%5.6%10.5%8.8%3.2%1.9%5.7%9.4%11.1%-
Value Creation Index -0.1-0.9-0.6-0.3-0.4-0.8-0.9-0.6-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 306289359359341343261294354429472
YoY Gr. Rt. %--5.6%24.2%-0.2%-5%0.7%-23.9%12.7%20.3%21%-
Adj EPS 13.2-3.54.317.417.53.1-1.38.319.626.646.7
YoY Gr. Rt. %--126.5%NA308.5%0.8%-82.2%-142.4%NA136.5%35.7%-
BVPS (₹) 106.3127.1133.9147.3153.3161.7157157.7179.6203.5225.3
Adj Net Profit 14.8-3.23.915.815.92.8-1.27.517.824.242
Cash Flow from Ops. 15.82316.828.91126.127.833.115.113.3-
Debt/CF from Ops. 2.72.33.11.97.743.62.44.96-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.8%4.7%17.9%21%
Adj EPS 8.1%8.8%NA35.7%
BVPS 7.55.8913.3
Share Price 16.2% 27.9% 80.7% 231.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 13.1-2.73.311.6112-0.85.311.613.921.8
Op. Profit Mgn % 13.14.27.51111.387.89.111.411.814.7
Net Profit Mgn % 4.8-1.11.14.44.70.8-0.52.655.69
Debt to Equity 0.40.50.40.40.60.70.70.60.50.40
Working Cap Days 1081108994131170230187163158133
Cash Conv. Cycle 525941497910713811210111055

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.80%

Sales growth is growing at healthy rate in last 3 years 17.94%

Sales growth is good in last 4 quarters at 24.21%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Nitta Gelatin India Ltd.

Standalone Consolidated
TTM EPS (₹) 46.7 57
TTM Sales (₹ Cr.) 472 561
BVPS (₹.) 225.3 246
Reserves (₹ Cr.) 195 214
P/BV 3.24 2.97
PE 15.65 12.82
From the Market
52 Week Low / High (₹) 200.00 / 747.00
All Time Low / High (₹) 7.39 / 747.00
Market Cap (₹ Cr.) 663
Equity (₹ Cr.) 9.1
Face Value (₹) 10
Industry PE 34.1

Management X-Ray of Nitta Gelatin India :

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

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Analyst's Notes

Key Ratios of Nitta Gelatin India

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

News

Nitta Gelatin India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nitta Gelatin India on 02-Dec-2022 18:01 is : 730.2.
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 02-Dec-2022 18:01 the market cap of Nitta Gelatin India stood at ₹ 663.0.
The latest PE ratio of Nitta Gelatin India as of 02-Dec-2022 18:01 is 15.65.
The latest PB ratio of Nitta Gelatin India as of 02-Dec-2022 18:01 is 3.24
The 52-week high of Nitta Gelatin India is ₹ 747.0 and the 52-week low is ₹ 200.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Nitta Gelatin India is ₹ 472.1 ( Cr.) .

About Nitta Gelatin India Ltd

Nitta Gelatin India (NGIL) incorporated in 1975, is one of the most successful Indo-Japanese industrial ventures. It started commercial production in 1979. The company was jointly promoted by the Kerala State Industrial Development Corporation Limited with Nitta Gelatine Inc. Japan and Mitsubhishi Corporation Japan.

NGIL is the market leader in the production of premium Di Calcium Phosphate(DCP). With almost thirty years of expertise, NGIL produces and supplies premium quality DCP to major poultry farms and animal feed manufactures in India.

NGIL combines the best technology, marketing expertise, and most importantly, dedicated human resource. All of which go a long way to ensure their customer's absolute quality.

It is this simple realisation that urged them on across the last three decades to focus solely on quality. Perhaps it is this preoccupation with quality that won them rich dividends - awards for quality and performance, discerning clients across the world and a steady growth rate.

NGIL exercises stringent quality control not only in the selection of raw material but also at every stage of production, until the product is finally delivered into customer hands. The company is uniquely placed to draw on the vast resources of its collaborators to ensure that the products are consistently of high quality.

Product range of the company includes:

  • Gelatin
  • Collagen Peptide
  • Ossein
  • Di Calciun Phosphate (DCP)

Milestones:

  • 1975 Incorporation of the company
  • 1979 Started commercial production of Ossein
  • 1985 Granted Export House Status
  • 1996 Limed Ossein plant commissioned
  • 1997 Formed Bamni Proteins Ltd
  • 1998 Gelatin plant commissioned
  • 1999 ISO 9002 Certification
  • 2004 Gelatin plant capacity expansion
  • 2004 ISO 9001-2000
  • 2005 Facilities inspected by USFDA & European Directorate for the quality of medicines
  • 2007 Gelatin Plant Capacity Expansion
  • 2008 company name changed to nitta gelatin india limited

Achievements/ recognition:

  • ISO 9001-2000 
  • ISO 9002
  • WHO-GMP 
  • HACCP 
  • European Directorate for the Quality of Medicines(EDQM) - Certificate of Suitability(COS)
  • Product Conforms to IP/BP/USP
  • United States Food and Drug Administration(USFDA)
  • HALAL Certification
  • IFANCA International,America
  • Indonesian council of ULMA (MUI)
  • Jamiat Ulma-E-Maharashtra
  • 2 Star Export House Certificate
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