Resonance Specialties Ltd Stock Analysis

BSE: 524218 | NSE: | Chemicals | Small Cap

BSE Share Price 06-Feb-2023 18:01
99.90 0.75 (0.76%)

DeciZen - Make an Informed Decision on Resonance Specialtie

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

1. Quality

2. Valuation

Fair

3. Price Trend

Resonance Specialtie Price Chart

P/E Ratio ( SA) :
18.11
Market Cap :
115.3 Cr.
52-wk low :
94.2
52-wk high :
214.7
Bole Toh?

1. Is Resonance Specialties Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Resonance Specialties Ltd is a average quality company.

2. Is Resonance Specialties Ltd undervalued or overvalued?

The key valuation ratios of Resonance Specialties Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Resonance Specialties Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Resonance Specialties 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 Resonance Specialtie:

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.
Resonance Specialties 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 3.3%7.6%2.2%6.4%4.4%-1.7%12.7%22.5%28.2%25.9%-
Value Creation Index -0.8-0.5-0.9-0.5-0.7-1.1-0.10.61.00.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 39.645.33838.934.23640.356.170.374.258
YoY Gr. Rt. %-14.5%-16.1%2.4%-12.2%5.2%12%39.4%25.2%5.6%-
Adj EPS 0.21.20.11.10.8-0.72.65.48.710.45.5
YoY Gr. Rt. %-416.7%-91.9%950%-27.6%-197.4%NA106.9%61.9%19.9%-
BVPS (₹) 12.913.213.714.815.915.318.121.630.44042.3
Adj Net Profit 0.31.40.11.20.9-0.936.210.112.16
Cash Flow from Ops. 0.81.81.13.20.62.15.31.44.313.3-
Debt/CF from Ops. 4.41.92.80.67.31.600.30.30-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.2%16.8%22.6%5.6%
Adj EPS 52.1%68.9%58.9%19.9%
BVPS 13.420.330.431.8
Share Price 21.7% 25.1% 21.3% -47.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1.36.90.65.53.8-3.612.121.828.226.113.4
Op. Profit Mgn % 5.56.93.38.15.91.81213.820.320.513.3
Net Profit Mgn % 0.73.20.33.12.6-2.47.511.114.316.210.9
Debt to Equity 0.20.20.20.10.20.20000-
Working Cap Days 1331271691632042121711261281440
Cash Conv. Cycle 7773968310486635759700

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.62%

Net Profit is growing at healthy rate in last 3 years 58.94%

Return on Equity has declined versus last 3 years average to 13.40%

Sales growth is not so good in last 4 quarters at -23.33%

Latest Financials - Resonance Specialties Ltd.

Standalone Consolidated
TTM EPS (₹) 5.5 -
TTM Sales (₹ Cr.) 58.4 -
BVPS (₹.) 42.3 -
Reserves (₹ Cr.) 37 -
P/BV 2.36 -
PE 18.11 -
From the Market
52 Week Low / High (₹) 94.15 / 214.70
All Time Low / High (₹) 1.05 / 254.95
Market Cap (₹ Cr.) 115
Equity (₹ Cr.) 11.5
Face Value (₹) 10
Industry PE 31.5

Management X-Ray of Resonance Specialtie :

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 Resonance Specialtie

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

News

Resonance Specialties Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Resonance Specialtie on 06-Feb-2023 18:01 is : 99.90.
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 06-Feb-2023 18:01 the market cap of Resonance Specialtie stood at ₹ 115.3.
The latest PE ratio of Resonance Specialtie as of 06-Feb-2023 18:01 is 18.11.
The latest PB ratio of Resonance Specialtie as of 06-Feb-2023 18:01 is 2.36
The 52-week high of Resonance Specialtie is ₹ 214.7 and the 52-week low is ₹ 94.15.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Resonance Specialtie is ₹ 58.39 ( Cr.) .

About Resonance Specialties Ltd

Resonance Specialties incorporated in 1989 is a pioneer in Pyridine chemistry and one of the few manufacturers of the product in the world. The company, formerly known as Armour Polymers Limited, was the first in India to manufacture Pyridines. Resonance is also one of the largest manufacturers of Lutidines in the world.Despite the fact that these technologies are available only with a select few companies worldwide, Resonance was able to innovate and commercialise production with its own technology.

The company is promoted by Dr Atma. B. Gupta, a technocrat with a doctorate from the University of New York, and several years of post doctorate research in USA.

The company produces a range of value added products and continues to be the largest manufacturer and exporter of products like Alpha Picolinic acid and Dipicolinic acid. Resonance has exclusive supply arrangements with global industry leaders.

In 1994, just two years after the commissioning of the Pyridine and Picoline plants, the company repeated its pioneering feat. It became the first company in India to manufacture Cyanopyridines. This successful effort brought company recognition from the government of India for technological excellence. Resonance is also the first in India to manufacture various Collidines. True to its ethos, products manufactured by the company are comparable to the world’s best. The company employs green manufacturing to minimise its ecological impact and is able to deliver products that meet and surpass customer expectations and standards. Many of their innovative processes improve the yield; enhance the efficiency of manufacturing as well as the quality of the product.

Resonance products are exported to many countries worldwide through their supply agreements with many multinationals as well as through direct exports.In the company, quality is a way of life and it adhere to a stringent regimen to ensure the quality of their products.Every raw material is thoroughly tested and quality is monitored through the entire manufacturing process up to the final packaging.

Product range of the company includes:

  • Pyridines
  • Picolines
  • Cyanopyridines
  • Lutidines
  • Collidines
  • Active Pharmaceutical Ingredients (APIs)
  • Drug Intermediates

These products cater to the requirements of various industries.

  • Pyridine is a versatile chemical used in the manufacture of  agrochemicals,pharmaceuticals & bulk drugs, dyes, rubber chemicals, etc
  • Alpha Picoline is used in the Vinyl Latex Rubber.
  • Beta Picoline is used in the manufacture of Vitamin B3.
  • Gamma Picoline is used in the pharmaceutical industry for the manufacture of an anti-tuberculosis drug, Isoniazid

Resonance products are exported to many countries worldwide through its supply agreements with many multinationals as well as through direct exports.

Achievements/ recognition

The promoter of the company is the proud recipient of the Government of India award for technological excellence when he set up the first Cyanopyridines plant in India.

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