Nitta Gelatin India Ltd - Stock Valuation and Financial Performance

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

Nitta Gelatin India Share Price

834 -10.70 -1.27%
as on 28-Mar'24 15:23

DeciZen - make an informed investing decision on Nitta Gelatin India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Nitta Gelatin India stock performance -

mw4me loader
P/E Ratio (SA):
9.58
Market Cap:
766.9 Cr.
52-wk low:
697.3
52-wk high:
1,184

Is Nitta Gelatin India Ltd an attractive stock to invest in?

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 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 Weak which suggest that the price of Nitta Gelatin India Ltd is likely to Fall 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0.8%5.6%10.5%8.8%3.2%1.9%5.7%9.4%11.1%23.8%-
Value Creation
Index
-0.9-0.6-0.3-0.4-0.8-0.9-0.6-0.3-0.20.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 289359359341343261294354429487487
Sales YoY Gr.-24.2%-0.2%-5%0.7%-23.9%12.7%20.3%21%13.6%-
Adj EPS -3.54.317.417.53.1-1.38.319.626.667.388.1
YoY Gr.-NA308.5%0.8%-82.2%-142.4%NA136.5%35.7%152.6%-
BVPS (₹) 127.1133.9147.3153.3161.7157157.7179.6203.5264.3329.8
Adj Net
Profit
-3.23.915.815.92.8-1.27.517.824.261.180
Cash Flow from Ops. 2316.828.91126.127.833.115.113.378.3-
Debt/CF from Ops. 2.33.11.97.743.62.44.960.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6%7.2%18.2%13.6%
Adj EPS NA84.9%100.9%152.6%
BVPS8.5%10.3%18.8%29.9%
Share Price 25.2% 45.9% 72.9% -8.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-2.73.311.6112-0.85.311.613.928.829.7
Op. Profit
Mgn %
4.27.51111.387.89.111.411.819.222.6
Net Profit
Mgn %
-1.11.14.44.70.8-0.52.655.612.616.4
Debt to
Equity
0.50.40.40.60.70.70.60.50.40.1-
Working Cap
Days
110899413117023018716315814870
Cash Conv.
Cycle
5941497910713811210111010245

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 29.70%

Sales growth is growing at healthy rate in last 3 years 18.24%

Net Profit is growing at healthy rate in last 3 years 100.87%

Sales growth is not so good in last 4 quarters at 2.53%

Latest Financials - Nitta Gelatin India Ltd.

Standalone Consolidated
TTM EPS (₹) 88.1 93.5
TTM Sales (₹ Cr.) 487 548
BVPS (₹.) 329.8 363.7
Reserves (₹ Cr.) 290 321
P/BV 2.56 2.32
PE 9.58 9.04
From the Market
52 Week Low / High (₹) 697.30 / 1184.00
All Time Low / High (₹) 7.39 / 1184.00
Market Cap (₹ Cr.) 767
Equity (₹ Cr.) 9.1
Face Value (₹) 10
Industry PE 47

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales289359359341343261294354429487
Operating Expenses 280332319304316243268314378397
Manufacturing Costs90898069897576748994
Material Costs147199197182175116138188227232
Employee Cost 20232527323335364245
Other Costs 24211726191819172026
Operating Profit 10273937271827405190
Operating Profit Margin (%) 3.3%7.4%10.9%10.9%7.9%7.0%9.1%11.3%11.8%18.5%
Other Income 0229513565
Interest 6864788554
Depreciation 1110910141415151413
Exceptional Items 0000000000
Profit Before Tax -710263211-47243878
Tax -2510117-1-161119
Profit After Tax -5517204-38182759
PAT Margin (%) -1.7%1.4%4.7%6.0%1.1%-1.0%2.7%5.1%6.2%12.1%
Adjusted EPS (₹)-5.55.617.522.64.2-2.98.719.729.364.7
Dividend Payout Ratio (%)0%18%14%11%60%-52%29%15%14%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 115122150139147143143163185240
Share Capital 99259999999
Reserves 106113125130138133134154176231
Minority Interest0000000000
Debt52505281979572695932
Long Term Debt9812203834292377
Short Term Debt43424061596143465225
Trade Payables32272318272122241929
Others Liabilities 11152432343636315326
Total Liabilities 210214249271305295273287316326

Fixed Assets

Gross Block19520021187133162169176183199
Accumulated Depreciation11412313110233653688191
Net Fixed Assets82778077110126116108102109
CWIP 887111034277
Investments 32324527444445
Inventories52546163726483839285
Trade Receivables22222052615327557679
Cash Equivalents 1220107522111
Others Assets13191631403837323332
Total Assets 210214249271305295273287316326

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 23172911262833151378
PBT -710263211-47243878
Adjustment 18181314222222181613
Changes in Working Capital 15-9-5-275127-23-417
Tax Paid -2-3-5-8-11-3-2-50-20
Cash Flow From Investing Activity -24-8-22-3-7-13-7-3-11-15
Capex -24-9-11-15-15-16-9-7-14-20
Net Investments 00-120000010
Others 00112832425
Cash Flow From Financing Activity 0-811-6-20-14-29-12-2-53
Net Proceeds from Shares 10160000000
Net Proceeds from Borrowing 004-2-6-4-4-8-3-20
Interest Paid -6-8-4-4-6-8-7-4-3-3
Dividend Paid -30-1-3-3-2-1-2-3-4
Others 90-43-51-1726-27
Net Cash Flow 0118201-30-110
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-4.234.3113.0715.012.64-1.825.5311.6915.2927.68
ROCE (%)-0.5310.6917.0516.897.371.936.4612.9717.0630.57
Asset Turnover Ratio1.441.751.61.311.20.871.041.271.431.52
PAT to CFO Conversion(x)N/A3.41.710.556.5N/A4.130.830.481.32
Working Capital Days
Receivable Days30222139608050425658
Inventory Days65525666729591857466
Payable Days67544641477557453437

Nitta Gelatin India Ltd Stock 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 28-Mar-2024 15:23 is ₹834.0.
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 28-Mar-2024 15:23 the market cap of Nitta Gelatin India stood at ₹766.9.
The latest P/E ratio of Nitta Gelatin India as of 28-Mar-2024 15:23 is 9.58.
The latest P/B ratio of Nitta Gelatin India as of 28-Mar-2024 15:23 is 2.56.
The 52-week high of Nitta Gelatin India is ₹1,184 and the 52-week low is ₹697.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nitta Gelatin India is ₹487.4 ( 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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