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Refnol Resins & Chemicals Ltd (530815)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530815 NSE: Chemicals | Small Cap | Refnol Resins & Chem Share Price

₹102.85 0.00 (0.00%)

As on 10-Oct'23 17:59

Refnol Resins & Chemicals Ltd (530815)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530815 NSE: Chemicals | Small Cap | Refnol Resins & Chem Share Price

₹102.85 0.00 (0.00%)

As on 10-Oct'23 17:59

Key Metrics
Valuation Multiples
Market Cap
₹32 Cr.
Current Price
₹102.9
52-Week Low / High
₹101 / 109
TTM EPS
₹0.9
TTM Sales
₹37.7 Cr.
Book Value per Share
₹41.4
P/E Ratio
116.84
Higher than its 5-year historical median
Industry PE
52.9
Price to Book (P/B)
2.48
Higher than its 5-year historical median
Price to Sales (P/S)
0.84
Higher than its 5-year historical median
EV/EBITDA
22.75
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.24%
Return on Capital Employed (ROCE)
5.85%
Return on Assets (ROA)
0.89%
Operating Profit Margin
4.4%
Net Profit Margin
0.74%
Gross Profit Margin
2.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
9.31%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
42.48%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
53.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹10 Cr.
Equity
₹3.1 Cr.
Face Value
₹10
All Time Low / High
₹0.50 / 112.25

Refnol Resins & Chemicals stock performance

Key Ratios
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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)

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.
Refnol Resins & Chemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -22.7%30.8%92.9%18.3%7.6%11.1%7.9%3.3%3.7%5.9%-
Value Creation
Index
NANA5.60.3-0.5-0.2-0.4-0.8-0.7-0.6-

Growth Parameters

Sales 15.720.322.724.327.931.6261934.838.138
Sales YoY Gr.-29.1%11.7%7.1%15.2%13%-17.6%-26.9%83%9.3%-
Adj EPS -4.7-1.52.62.40.72.11.7-1.3-0.41.10.9
YoY Gr.-NANA-9.1%-71.6%210.3%-21.3%-179.5%NANA-
BVPS (₹) -9-10.6-7.837.938.941.74241.140.641.241.4
Adj Net
Profit
-1.4-0.50.80.70.20.70.5-0.4-0.10.30
Cash Flow from Ops. 1.71.50.70.20.320.71.41.51.4-
Debt/CF from Ops. 2.836.422.921.72.99.44.33.94.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.3%6.4%13.5%9.3%
Adj EPS NA9.9%-13.1%NA
BVPSNA1.2%-0.6%1.6%
Share Price 18.6% 24.1% 12.3% -

Key Financial Parameters

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-53.3-35.359.510.81.75.23.9-3.1-1.12.62.1
Op. Profit
Mgn %
-0.32.37.46.54.26.96.24.93.44.44.2
Net Profit
Mgn %
-9.2-2.33.63.10.82.12-2.1-0.40.90.7
Debt to
Equity
-1.8-1.4-2.10.40.50.40.50.50.50.5-
Working Cap
Days
18815414714614814316521614014270
Cash Conv.
Cycle
156128126905142629157521

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales15.7120.2822.6524.2527.9431.5626.0219.0234.8138.05
Operating Expenses + 15.8019.8120.9922.6826.7729.3724.4618.1033.6836.44
Manufacturing Costs2.333.173.341.431.642.251.991.482.283.10
Material Costs10.0812.3712.5915.8619.2421.3117.0912.4125.7126.39
Employee Cost 2.132.512.903.113.452.862.972.392.893.63
Other Costs 1.261.762.152.282.442.962.411.822.803.32
Operating Profit -0.090.471.671.571.172.181.560.921.131.61
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 + 0.060.120.120.630.620.370.400.150.040.03
Exceptional Items -0.56000000000
Interest 1.100.950.830.910.991.170.940.960.810.82
Depreciation 0.160.080.090.440.460.510.450.450.480.54
Profit Before Tax -1.85-0.430.870.850.330.870.57-0.34-0.130.28
Tax 0000.100.0800.0900.040
Profit After Tax -1.85-0.430.870.750.260.870.48-0.34-0.170.28
PAT Margin (%) -11.8%-2.1%3.8%3.1%0.9%2.8%1.9%-1.8%-0.5%0.7%
Adjusted EPS (₹)-6.0-1.42.82.40.82.81.6-1.1-0.60.9
Dividend Payout Ratio (%)0%0%0%0%0%35.30%0%0%0%0%

Valuation of Refnol Resins & Chem - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

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

Equity and Liabilities

Shareholders Fund + 1.661.011.7311.9212.2313.1013.1812.9212.7512.96
Share Capital 3.313.313.313.313.313.313.313.313.313.31
Reserves -1.65-2.30-1.588.628.939.799.889.629.459.65
Debt +4.634.314.544.885.444.905.614.975.295.62
Long Term Debt0.110.070.0300.770.590.550.340.251.09
Short Term Debt4.524.244.514.884.674.325.064.635.044.52
Minority Interest0000000000
Trade Payables3.154.044.554.806.325.944.155.058.187.54
Others Liabilities 6.426.536.035.555.235.455.464.835.955.33
Total Liabilities 15.8615.8916.8527.1529.2229.3928.4027.7732.1731.44

Fixed Assets

Net Fixed Assets +5.405.134.9915.2615.1314.9615.2214.8215.1815.19
Gross Block10.7410.7610.8715.7016.0416.3817.0917.1317.9718.51
Accumulated Depreciation5.345.635.880.440.911.421.862.312.793.33
CWIP 000000.480000.40
Investments 0.890.890.890.890.890.890.890.890.890.89
Inventories2.752.813.172.822.963.393.323.205.174.59
Trade Receivables4.954.915.976.507.936.516.486.569.359.06
Cash Equivalents 0.320.560.620.520.680.860.970.890.520.84
Others Assets 1.561.601.211.151.632.291.511.401.060.49
Total Assets 15.8615.8916.8527.1529.2229.3928.4027.7732.1731.44

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity + 1.671.470.720.210.272.020.671.361.471.43
PBT -1.85-0.430.870.850.330.870.57-0.34-0.130.28
Adjustment 1.260.960.900.850.891.651.301.191.321.58
Changes in Working Capital 2.250.94-1.04-1.49-0.94-0.48-1.20.460.29-0.42
Tax Paid 0000-0.01-0.03-0.010.04-0.02-0.01
Cash Flow From Investing Activity + 0.020.04-0.080.36-0.08-0.620.070.01-0.81-0.92
Capex -0.01-0.02-0.11-0.15-0.33-0.82-0.23-0.05-0.84-0.94
Net Investments 0000000000
Others 0.030.060.030.510.260.200.300.060.020.02
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 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1.10-0.95-0.83-0.91-0.98-1.17-0.89-1.01-0.82-0.76
Dividend Paid 000000-0.29000
Others -0.77-0.350.200.230.92-0.080.51-0.44-0.090.49
Net Cash Flow -0.180.210.01-0.100.140.160.06-0.08-0.250.24

Financial Ratio

PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)00016.212.177.023.72-2.64-1.352.24
ROCE (%)-22.7130.7692.9318.317.5811.077.873.263.685.85
Asset Turnover Ratio1.11.381.491.191.011.080.90.681.161.2
PAT to CFO Conversion(x)N/AN/A0.830.281.042.321.4N/AN/A5.11
Working Capital Days
Receivable Days97.9081.9081.3087.2092.6083.5091.10125.2083.4088.30
Inventory Days58.1046.2044.7041.9037.1036.8047.1062.6043.9046.80
Payable Days000110.40105.50105107.70135.2093.90108.70

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

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.) .

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

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.

No data found

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 India’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.

Company’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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