Nitta Gelatin India Ltd Stock Analysis

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

BSE Share Price Jan 17, 18:01
263.85 -2.90 (-1.09%)

DeciZen - Make an Informed Decision on Nitta Gelatin India

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

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

10 Year X-Ray:

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 % 7.3%12.8%0.8%5.6%10.5%8.8%3.2%1.9%5.7%9.4%-
Value Creation Index -0.5-0.1-0.9-0.6-0.3-0.4-0.8-0.9-0.6-0.3-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 246306289359359341343261294354380
YoY Gr. Rt. %-24.6%-5.6%24.2%-0.2%-5%0.7%-23.9%12.7%20.3%-
Adj EPS 513.2-3.54.317.417.53.1-1.38.319.617.2
YoY Gr. Rt. %-162.8%-126.5%NA308.5%0.8%-82.2%-142.4%NA136.5%-
BVPS (₹) 95.5106.3127.1133.9147.3153.3161.7157157.7179.6184.9
Adj Net Profit 5.614.8-3.23.915.815.92.8-1.27.517.816
Cash Flow from Ops. 19.515.82316.828.91126.127.833.115.1-
Debt/CF from Ops. 1.92.72.33.11.97.743.62.44.9-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 4.2%-0.2%1.1%20.3%
Adj EPS 16.3%2.5%84.8%136.5%
BVPS 7.343.613.9
Share Price 13.9% 3.1% 24.1% 51.9%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 5.313.1-2.73.311.6112-0.85.311.69.5
Op. Profit Mgn % 8.813.14.27.51111.387.89.111.49.6
Net Profit Mgn % 2.34.8-1.11.14.44.70.8-0.52.654.1
Debt to Equity 0.30.40.50.40.40.60.70.70.60.50.1
Working Cap Days 1261081108994131170230187163143
Cash Conv. Cycle 54525941497910713811210152

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.40%

Net Profit is growing at healthy rate in last 3 years 84.81%

Debt to equity has declined versus last 3 years average to 0.46

Sales growth is good in last 4 quarters at 23.08%

Sales growth has been subdued in last 3 years 1.05%

Latest Financials - Nitta Gelatin India Ltd.

Standalone Consolidated
TTM EPS (₹) 17.2 18.3
TTM Sales (₹ Cr.) 380 433
BVPS (₹.) 184.9 195.3
Reserves (₹ Cr.) 159 168
P/BV 1.43 1.35
PE 15.33 14.40
From the Market
52 Week Low / High (₹) 155.60 / 338.00
All Time Low / High (₹) 7.39 / 338.00
Market Cap (₹ Cr.) 240
Equity (₹ Cr.) 9.1
Face Value (₹) 10
Industry PE 45.5

Management X-Ray:

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

Analyst's Notes

News

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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