Is Refnol Resins & Chemicals Ltd (530815) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Refnol Resins & Chemicals Ltd is a average quality company .

Is Refnol Resins & Chemicals Ltd (530815) undervalued or overvalued?

The key valuation ratios of Refnol Resins & Chemicals Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Refnol Resins & Chemicals Ltd (530815) share price return in the past 10 years?

Refnol Resins & Chemicals Ltd share price has appreciated 18.6% annually (CAGR) over the past ten years.

What is the share price of Refnol Resins & Chemicals Ltd (530815)?

Company share prices are keep on changing according to the market conditions. The current trading price of Refnol Resins & Chemicals Ltd (530815) on 10-Oct-2023 17:59:39 at 17:59 is 102.85.

What is the P/E ratio of Refnol Resins & Chemicals?

The latest standalone P/E ratio of Refnol Resins & Chemicals as of 10-Oct-2023 is 116.84.

What is the P/B ratio of Refnol Resins & Chemicals Ltd (530815)?

The latest standalone P/B ratio of Refnol Resins & Chemicals Ltd (530815) as of 10-Oct-2023 is 2.48.

What is the 52-week high and low of Refnol Resins & Chemicals Ltd (530815)?

The 52-week high of Refnol Resins & Chemicals Ltd (530815) is Rs. 108.90 and the 52-week low is Rs. 101.30.

Refnol Resins & Chemicals Ltd (530815) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Refnol Resins & Chemicals Ltd (530815)
Brand: Refnol Resins & Chemicals

Refnol Resins & Chemicals Ltd (530815) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹32 Cr.

P/E Ratio

116.84

Price to Book (P/B)

2.48

Price to Sales (P/S)

0.84

EV/EBITDA

22.75

Return on Capital Employed (ROCE)

5.85%

Current Price

₹102.9

Return on Equity (ROE)

2.24%

Return on Assets (ROA)

0.89%

Operating Profit Margin

4.4%

Net Profit Margin

0.74%

Gross Profit Margin

2.2%

Book Value per Share

₹41.4

Sales Growth (YoY)

9.31%

Sales Growth (3 Years)

13.51%

Operating Profit Growth (1 Year)

42.48%

Operating Profit Growth (3 Years)

1.06%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹101 / 109

Net Profit Growth (3 Years)

-16.22%

Dividend Yield

0.00%

Promoter Holding

53.58%

Pledged shares (%)
of Promoter's holding (%)

0.00%

DeciZen - make an informed investing decision on Refnol Resins & Chem

Based on:

Data

M-Cap below 100cr DeciZen not available

Refnol Resins & Chemicals stock performance

Key Ratios

Is an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-22.7%	30.8%	92.9%	18.3%	7.6%	11.1%	7.9%	3.3%	3.7%	5.9%	-
Value Creation Index ⓘ	NA	NA	5.6	0.3	-0.5	-0.2	-0.4	-0.8	-0.7	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	15.7	20.3	22.7	24.3	27.9	31.6	26	19	34.8	38.1	38
Sales YoY Gr.	-	29.1%	11.7%	7.1%	15.2%	13%	-17.6%	-26.9%	83%	9.3%	-
Adj EPS ⓘ	-4.7	-1.5	2.6	2.4	0.7	2.1	1.7	-1.3	-0.4	1.1	0.9
YoY Gr.	-	NA	NA	-9.1%	-71.6%	210.3%	-21.3%	-179.5%	NA	NA	-
BVPS (₹) ⓘ	-9	-10.6	-7.8	37.9	38.9	41.7	42	41.1	40.6	41.2	41.4
Adj Net Profit ⓘ	-1.4	-0.5	0.8	0.7	0.2	0.7	0.5	-0.4	-0.1	0.3	0
Cash Flow from Ops. ⓘ	1.7	1.5	0.7	0.2	0.3	2	0.7	1.4	1.5	1.4	-
Debt/CF from Ops. ⓘ	2.8	3	6.4	22.9	21.7	2.9	9.4	4.3	3.9	4.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.3%	6.4%	13.5%	9.3%
Adj EPS ⓘ	NA	9.9%	-13.1%	NA
BVPSⓘ	NA	1.2%	-0.6%	1.6%
Share Price	18.6%	23.2%	7.6%	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-53.3	-35.3	59.5	10.8	1.7	5.2	3.9	-3.1	-1.1	2.6	2.1
Op. Profit Mgn % ⓘ	-0.3	2.3	7.4	6.5	4.2	6.9	6.2	4.9	3.4	4.4	4.2
Net Profit Mgn % ⓘ	-9.2	-2.3	3.6	3.1	0.8	2.1	2	-2.1	-0.4	0.9	0.7
Debt to Equity ⓘ	-1.8	-1.4	-2.1	0.4	0.5	0.4	0.5	0.5	0.5	0.5	-
Working Cap Days ⓘ	188	154	147	146	148	143	165	216	140	142	70
Cash Conv. Cycle ⓘ	156	128	126	90	51	42	62	91	57	52	1

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	0.9	0.3
TTM Sales (₹ Cr.)	37.7	66.5
BVPS (₹) ⓘ	41.4	65
Reserves (₹ Cr.) ⓘ	10	17
P/BV ⓘ	2.48	1.60
PE ⓘ	116.84	361.07

From the Market
52 Week Low / High (₹)	101.30 / 108.90
All Time Low / High (₹)	0.50 / 112.25
Market Cap (₹ Cr.)	31.8
Equity (₹ Cr.)	3.1
Face Value (₹)	10
Industry PE ⓘ	46.1

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Refnol Resins & Chem - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	15.71	20.28	22.65	24.25	27.94	31.56	26.02	19.02	34.81	38.05
Operating Expenses ⓘ +	15.80	19.81	20.99	22.68	26.77	29.37	24.46	18.10	33.68	36.44
Manufacturing Costs	2.33	3.17	3.34	1.43	1.64	2.25	1.99	1.48	2.28	3.10
Material Costs	10.08	12.37	12.59	15.86	19.24	21.31	17.09	12.41	25.71	26.39
Employee Cost	2.13	2.51	2.90	3.11	3.45	2.86	2.97	2.39	2.89	3.63
Other Costs ⓘ	1.26	1.76	2.15	2.28	2.44	2.96	2.41	1.82	2.80	3.32
Operating Profit ⓘ	-0.09	0.47	1.67	1.57	1.17	2.18	1.56	0.92	1.13	1.61
Operating Profit Margin (%)	-0.6%	2.3%	7.4%	6.5%	4.2%	6.9%	6.0%	4.8%	3.2%	4.2%
Other Income ⓘ +	0.06	0.12	0.12	0.63	0.62	0.37	0.40	0.15	0.04	0.03
Exceptional Items ⓘ	-0.56	0	0	0	0	0	0	0	0	0
Interest ⓘ	1.10	0.95	0.83	0.91	0.99	1.17	0.94	0.96	0.81	0.82
Depreciation ⓘ	0.16	0.08	0.09	0.44	0.46	0.51	0.45	0.45	0.48	0.54
Profit Before Tax ⓘ	-1.85	-0.43	0.87	0.85	0.33	0.87	0.57	-0.34	-0.13	0.28
Tax ⓘ	0	0	0	0.10	0.08	0	0.09	0	0.04	0
Profit After Tax	-1.85	-0.43	0.87	0.75	0.26	0.87	0.48	-0.34	-0.17	0.28
PAT Margin (%)	-11.8%	-2.1%	3.8%	3.1%	0.9%	2.8%	1.9%	-1.8%	-0.5%	0.7%
Adjusted EPS (₹)	-6.0	-1.4	2.8	2.4	0.8	2.8	1.6	-1.1	-0.6	0.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	35.30%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund +	1.66	1.01	1.73	11.92	12.23	13.10	13.18	12.92	12.75	12.96
Share Capital ⓘ	3.31	3.31	3.31	3.31	3.31	3.31	3.31	3.31	3.31	3.31
Reserves ⓘ	-1.65	-2.30	-1.58	8.62	8.93	9.79	9.88	9.62	9.45	9.65
Debt +	4.63	4.31	4.54	4.88	5.44	4.90	5.61	4.97	5.29	5.62
Long Term Debt	0.11	0.07	0.03	0	0.77	0.59	0.55	0.34	0.25	1.09
Short Term Debt	4.52	4.24	4.51	4.88	4.67	4.32	5.06	4.63	5.04	4.52
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	3.15	4.04	4.55	4.80	6.32	5.94	4.15	5.05	8.18	7.54
Others Liabilities ⓘ	6.42	6.53	6.03	5.55	5.23	5.45	5.46	4.83	5.95	5.33
Total Liabilities ⓘ	15.86	15.89	16.85	27.15	29.22	29.39	28.40	27.77	32.17	31.44
Fixed Assets
Net Fixed Assets ⓘ +	5.40	5.13	4.99	15.26	15.13	14.96	15.22	14.82	15.18	15.19
Gross Block	10.74	10.76	10.87	15.70	16.04	16.38	17.09	17.13	17.97	18.51
Accumulated Depreciation	5.34	5.63	5.88	0.44	0.91	1.42	1.86	2.31	2.79	3.33
CWIP ⓘ	0	0	0	0	0	0.48	0	0	0	0.40
Investments ⓘ	0.89	0.89	0.89	0.89	0.89	0.89	0.89	0.89	0.89	0.89
Inventories	2.75	2.81	3.17	2.82	2.96	3.39	3.32	3.20	5.17	4.59
Trade Receivables	4.95	4.91	5.97	6.50	7.93	6.51	6.48	6.56	9.35	9.06
Cash Equivalents	0.32	0.56	0.62	0.52	0.68	0.86	0.97	0.89	0.52	0.84
Others Assets ⓘ	1.56	1.60	1.21	1.15	1.63	2.29	1.51	1.40	1.06	0.49
Total Assets ⓘ	15.86	15.89	16.85	27.15	29.22	29.39	28.40	27.77	32.17	31.44

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ +	1.67	1.47	0.72	0.21	0.27	2.02	0.67	1.36	1.47	1.43
PBT ⓘ	-1.85	-0.43	0.87	0.85	0.33	0.87	0.57	-0.34	-0.13	0.28
Adjustment ⓘ	1.26	0.96	0.90	0.85	0.89	1.65	1.30	1.19	1.32	1.58
Changes in Working Capital ⓘ	2.25	0.94	-1.04	-1.49	-0.94	-0.48	-1.2	0.46	0.29	-0.42
Tax Paid ⓘ	0	0	0	0	-0.01	-0.03	-0.01	0.04	-0.02	-0.01
Cash Flow From Investing Activity ⓘ +	0.02	0.04	-0.08	0.36	-0.08	-0.62	0.07	0.01	-0.81	-0.92
Capex	-0.01	-0.02	-0.11	-0.15	-0.33	-0.82	-0.23	-0.05	-0.84	-0.94
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0.03	0.06	0.03	0.51	0.26	0.20	0.30	0.06	0.02	0.02
Cash Flow From Financing Activity ⓘ +	-1.87	-1.30	-0.63	-0.68	-0.05	-1.24	-0.68	-1.45	-0.91	-0.27
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-1.10	-0.95	-0.83	-0.91	-0.98	-1.17	-0.89	-1.01	-0.82	-0.76
Dividend Paid ⓘ	0	0	0	0	0	0	-0.29	0	0	0
Others ⓘ	-0.77	-0.35	0.20	0.23	0.92	-0.08	0.51	-0.44	-0.09	0.49
Net Cash Flow ⓘ	-0.18	0.21	0.01	-0.10	0.14	0.16	0.06	-0.08	-0.25	0.24

Finance Ratio

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	0	0	0	16.21	2.17	7.02	3.72	-2.64	-1.35	2.24
ROCE (%)	-22.71	30.76	92.93	18.31	7.58	11.07	7.87	3.26	3.68	5.85
Asset Turnover Ratio	1.1	1.38	1.49	1.19	1.01	1.08	0.9	0.68	1.16	1.2
PAT to CFO Conversion(x)	N/A	N/A	0.83	0.28	1.04	2.32	1.4	N/A	N/A	5.11
Working Capital Days
Receivable Days	97.90	81.90	81.30	87.20	92.60	83.50	91.10	125.20	83.40	88.30
Inventory Days	58.10	46.20	44.70	41.90	37.10	36.80	47.10	62.60	43.90	46.80
Payable Days	0	0	0	110.40	105.50	105	107.70	135.20	93.90	108.70

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Refnol Resins & Chemicals Ltd FAQs

The current trading price of Refnol Resins & Chem on 10-Oct-2023 17:59 is ₹102.8.

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 09-Oct-2023 the market cap of Refnol Resins & Chem stood at ₹31.78 Cr

The latest P/E ratio of Refnol Resins & Chem as of 09-Oct-2023 is 116.8.

The latest P/B ratio of Refnol Resins & Chem as of 09-Oct-2023 is 2.48.

The 52-week high of Refnol Resins & Chem is ₹108.9 and the 52-week low is ₹101.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Refnol Resins & Chem is ₹37.70 ( Cr.) .

About Refnol Resins & Chemicals Ltd

Refnol Resins & Chemicals was incorporated in 1980 as Refnol Oil Refineries Private Limited. Promoted by Khatau Group of Bombay, company was set up with an objective to re-refine waste lubricating oils.

The re-refining business was shut down in 1986 and started manufacturing range of textile sizing chemicals.

Today company operates five business divisions which are as follows:

Textile Sizing Chemicals- The division was started in 1986 and into manufacturing and marketing a comprehensive range of performance chemicals for the sizing of warp yarns. The company markets this product successfully in India and overseas.

Unsaturated & Saturated Polyester Resins - Started in 1989, the division is into manufacturing of unsaturated polyester resins for composite applications of all kinds such as chemical equipments, transportation and marine, construction and architecture.

Today it is Indiaâ€™s first and the largest exporter of such resins delivering successfully to major customers in the Middle East, Europe and South Asia. It also manufactures saturated polyester resins for coil coatings, stoving enamels and special applications.

Garment Wash Chemicals and Textile Enzymes - The company started operation of garment wash chemicals and textile enzymes in 1994 in collaboration with AB Enzymes Finland Oy. The company markets this product in India, Bangladesh, Gulf Cooperation Council countries and Kenya. A full range of garment finishing chemicals and auxiliaries are manufactured and sold together with the enzyme formulations to the garment manufacturing industry in these countries.

Laundry & Cleaning Chemicals - Company commenced manufacturing of laundry and cleaning chemicals in 2002 which was primarily aimed at institutional & industrial users.

Textile Auxiliaries - Started in 2003, this division manufactures full range of chemicals for the textile and fabric manufacturing process, pre-treatment, dyeing & printing, finishing & special applications.

Companyâ€™s manufacturing unit is located at Plot No. 23, Phase - III, GIDC Industrial Estate, Naroda, Ahmedabad - 382330, India. It also operates subsidiary under the name Refnol Overseas.

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Refnol Resins & Chemicals Ltd (530815) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Refnol Resins & Chem Share Price