Shree Hari Chemicals Export Ltd - Stock Valuation and Financial Performance

BSE: 524336 | NSE: | Chemicals | Small Cap

Shree Hari Chem Share Price

78.70 0.00 0.00%
as on 18-Mar'24 16:59

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Shree Hari Chemicals Export stock performance -

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P/E Ratio (SA):
46.35
Market Cap:
35 Cr.
52-wk low:
42
52-wk high:
114.1

Is Shree Hari Chemicals Export Ltd an attractive stock to invest in?

1. Is Shree Hari Chemicals Export Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shree Hari Chemicals Export Ltd is a below average quality company.

2. Is Shree Hari Chemicals Export Ltd undervalued or overvalued?

The key valuation ratios of Shree Hari Chemicals Export Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Shree Hari Chemicals Export Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shree Hari Chemicals Export 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 Shree Hari Chem:

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.
Shree Hari Chemicals Export Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 86.4%88.8%2%-3.7%-19.4%-9.8%-4.3%2.2%-0.9%-34.5%-
Value Creation
Index
5.25.3-0.9-1.3-2.4-1.7-1.3-0.8-1.1-3.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 61.813110111554.650.557.156.276.5103136
Sales YoY Gr.-111.9%-22.9%13.6%-52.4%-7.5%13%-1.7%36.1%34.2%-
Adj EPS 30.372.12.1-4.6-20.2-8.9-3.61.8-1.7-44.71.7
YoY Gr.-137.7%-97.1%-318%NANANANA-193.3%NA-
BVPS (₹) 46.9116117.4113.792.984.78182.984.540.444.9
Adj Net
Profit
13.532.10.9-2.1-9-3.9-1.60.8-0.7-19.91
Cash Flow from Ops. 7.326.965.54-5.40.1-15.21.9-
Debt/CF from Ops. 000.1000004.315.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.8%13.4%21.6%34.2%
Adj EPS -204.4%NANANA
BVPS-1.7%-15.4%-20.7%-52.2%
Share Price 12.4% 19.4% 6.1% 82.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
93.888.51.8-4-19.5-10-4.42.2-2-71.64
Op. Profit
Mgn %
29.4381.4-1-17.7-5.4-13.70.3-22.80.8
Net Profit
Mgn %
21.824.50.9-1.8-16.4-7.8-2.81.4-1-19.40.6
Debt to
Equity
000000000.61.7-
Working Cap
Days
11110618615121913414722625222668
Cash Conv.
Cycle
132242338153678913380-16

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.00%

Sales growth is growing at healthy rate in last 3 years 21.57%

Sales growth is good in last 4 quarters at 61.46%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.66

Latest Financials - Shree Hari Chemicals Export Ltd.

Standalone Consolidated
TTM EPS (₹) 1.7 -
TTM Sales (₹ Cr.) 136 -
BVPS (₹.) 44.9 -
Reserves (₹ Cr.) 16 -
P/BV 1.75 -
PE 46.35 -
From the Market
52 Week Low / High (₹) 42.00 / 114.08
All Time Low / High (₹) 0.90 / 193.85
Market Cap (₹ Cr.) 35
Equity (₹ Cr.) 4.5
Face Value (₹) 10
Industry PE 46.7

Management X-Ray of Shree Hari Chem:

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 Shree Hari Chem

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
Sales61.83131100.96114.7054.6450.5257.1056.1676.45102.58
Operating Expenses 43.6881.4799.54115.8064.2953.2657.6854.0876.21126
Manufacturing Costs8.1820.6324.7325.9313.9011.7814.6912.1120.6122.15
Material Costs25.6943.0860.9572.0238.5429.2531.1030.3041.1085.79
Employee Cost 1.935.843.8612.789.939.309.379.4811.1512.15
Other Costs 7.8811.9210.015.081.932.932.522.193.355.91
Operating Profit 18.1549.521.42-1.10-9.65-2.74-0.582.080.24-23.43
Operating Profit Margin (%) 29.4%37.8%1.4%-1.0%-17.7%-5.4%-1.0%3.7%0.3%-22.8%
Other Income 0.122.512.702.411.381.480.820.773.640.95
Interest 0.470.160.100.220.100.080.020.020.471.85
Depreciation 1.513.323.082.773.662.872.151.601.412.12
Exceptional Items 00000000-0.930
Profit Before Tax 16.2948.560.94-1.68-12.03-4.21-1.931.231.06-26.45
Tax 2.7916.49-0.180.18-3.27-0.64-0.330.390.39-6.65
Profit After Tax 13.5032.071.12-1.86-8.76-3.57-1.600.840.68-19.80
PAT Margin (%) 21.8%24.5%1.1%-1.6%-16.0%-7.1%-2.8%1.5%0.9%-19.3%
Adjusted EPS (₹)30.472.12.5-4.2-19.7-8.0-3.61.91.5-44.5
Dividend Payout Ratio (%)3%3%40%-24%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 20.8651.6052.1950.5741.3037.653636.8537.5517.95
Share Capital 4.454.454.454.454.454.454.454.454.454.45
Reserves 16.4247.1547.7446.1236.8533.2031.5532.4133.1113.50
Minority Interest0000000000
Debt000.340000022.1729.30
Long Term Debt000000004.874.64
Short Term Debt000.340000017.3024.65
Trade Payables11.1612.4017.9821.9910.294.2715.0916.4228.9236.78
Others Liabilities 10.3729.4027.049.931.400.431.832.861.63-4.16
Total Liabilities 42.3993.4097.5582.4952.9942.3552.9256.1490.2779.86

Fixed Assets

Gross Block30.7936.2917.8644.8745.7545.7545.7545.0353.1758.72
Accumulated Depreciation21.1221.704.5027.5431.1634.0336.1837.1038.5140.63
Net Fixed Assets9.6714.6013.3617.3314.5911.729.577.9314.6618.09
CWIP 1.2501.430.620000.253.830.41
Investments 0.330.330.330.640.640.600.681.140.770.74
Inventories9.1017.4911.9311.938.326.477.497.3640.3422.91
Trade Receivables12.3913.4113.4123.048.674.9620.9024.1816.9027.65
Cash Equivalents 6.1127.2830.7420.6215.4215.1811.658.423.750.74
Others Assets3.5420.2926.348.305.343.422.636.8710.029.33
Total Assets 42.3993.4097.5582.4952.9942.3552.9256.1490.2779.86

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 7.2826.885.965.453.98-5.440.08-1.015.241.93
PBT 13.5032.071.12-1.72-12.03-4.21-1.931.231.06-26.45
Adjustment 1.8817.910.521.412.8621.471.051.181.87
Changes in Working Capital -10.89-7.648.145.7613.15-3.220.55-3.29326.5
Tax Paid 2.79-15.46-3.910000000
Cash Flow From Investing Activity -1.26-5.03-1.06-4.111.031.490.88-0.21-10.69-1.68
Capex -1.36-7.19-3.28-5.93-0.1500-0.20-11.73-2.06
Net Investments 000-0.0100.060-0.500.390
Others 0.102.162.221.821.171.430.880.490.650.38
Cash Flow From Financing Activity -0.47-0.68-1.44-0.76-0.640004.87-0.23
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.47-0.16-0.10-0.22-0.1000000
Dividend Paid 0-0.52-1.33-0.54-0.5400000
Others 000000004.87-0.23
Net Cash Flow 5.5421.173.460.584.37-3.950.97-1.22-0.580.02
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)93.9288.522.17-3.62-19.06-9.05-4.362.321.82-71.36
ROCE (%)104.84134.462.01-2.83-25.96-10.48-5.193.443.17-45.68
Asset Turnover Ratio1.841.931.061.270.811.061.21.031.041.21
PAT to CFO Conversion(x)0.540.845.32N/AN/AN/AN/A-1.27.71N/A
Working Capital Days
Receivable Days6836485810649831469879
Inventory Days2837533868534548114113
Payable Days1431009110115391114190201140

Shree Hari Chemicals Export Ltd Stock News

Shree Hari Chemicals Export Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shree Hari Chem on 18-Mar-2024 16:59 is ₹78.70.
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 18-Mar-2024 16:59 the market cap of Shree Hari Chem stood at ₹34.99.
The latest P/E ratio of Shree Hari Chem as of 18-Mar-2024 16:59 is 46.35.
The latest P/B ratio of Shree Hari Chem as of 18-Mar-2024 16:59 is 1.75.
The 52-week high of Shree Hari Chem is ₹114.1 and the 52-week low is ₹42.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shree Hari Chem is ₹136.4 ( Cr.) .

About Shree Hari Chemicals Export Ltd

Shree Hari Chemicals (India) was incorporated on October 9, 1987 and changed the name as Shree Hari Chemicals Export (SHCEL) on April 16,1992. Factory of Shree Hari Chemicals Export (SHCEL), is located at Mahad, Raigad District of Maharashtra, India; one of the Largest Manufacturing unit of H-Acid in India . Through Innovation, dedication & customer satisfaction, they have succeeded in winning customers worldwide.

The company went for public issue in 1992.In appreciation of valuable contribution towards the success of Convention on Colorants - 2007.

Shree Hari Chemicals Export is a customer driven company with the vision to become one of the largest maufacturer of H-Acid in the world.

The main plant of the company is situated at the premier industrial estate Mahad, about 175 Km from mumbai, on Mumbai - Goa highway. It is in proximity to the main market of Mumbai, as well as to ports (Mumbai & Nhava Sheva). Apart from that SHCEL is having production facilities at their associates in Gujrat.

The research centre of SHCEL has been playing a crucial role in marketing the company, the leader of its field, with its pioneering accomplishment in technological innovation and research ever since its foundation in the year 1987. They continuously analyse the environmental impacts of their products and seriously take into account the possible danger to the natural environment.

SHCEL has customer base in India & in international market like Singapore, Korea, Malaysia, Thailand, Turkey, Taiwan, Bangladesh, USA, Canada, Australia, Newzealand, Italy, Dubai UK, France etc.

SHCEL is the key supplier of H-Acid across the world. Over 60 % of H-Acid produced by the company is exported to world market and the rest is supplied in domestic market. The customers of SHCEL can always expect, not only the commitment of supplies on time but also consistent quality and services.They have been credited with various export awards & certificates.

State-of-the art-facilities, supported by product innovation, R & D and an efficient services network have made it the number one choice among its ever-expanding customer base.

The company has installed the latest world class solvent plant system, enabling them to adhere to the highest quality standards. The ever growing list of customers in India and worldwide is the biggest testimonial of their infrastructure and product performance.

Product range of the company includes:

  • Acid Dye
  • Direct Dye 
  • Dye Intermediates
  • Reactive Dyes
  • H-Acid 

SHCEL has customer base in India & International market like Singapore, Korea, Malaysia, Thailand, Turkey, Taiwan, Bangladesh, USA, Canada, Australia, Newzealand, Italy, Dubai UK, France etc.

Achievements/ recognition:

  • ISO 9001:2000 Certified by Swisso Switzerlang from 03.03.2006.
  • Certificate of Merit in recognition of excellent performance in export of dyes intermediates by a largde scale unit for 2006-2007 by DMAI ( The Dyestuff Manufacturing Association of India )
  • SHCEL has registered a phenomenal export growth of 40%, since the last year. 
  • The turnover of the company has taken a huge leap as compare to the previous year. 
  • Shree Hari Chemicals Export Limited is one of the largest Producer of H-Acid.
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