Vishnu Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 516072 | NSE: VISHNU | Chemicals | Small Cap

Vishnu Chemicals Share Price

320 11.15 3.61%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Vishnu Chemicals

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Vishnu Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
19.46
Market Cap:
2,086.4 Cr.
52-wk low:
245.3
52-wk high:
385.3

Is Vishnu Chemicals Ltd an attractive stock to invest in?

1. Is Vishnu Chemicals Ltd a good quality company?

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

2. Is Vishnu Chemicals Ltd undervalued or overvalued?

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

3. Is Vishnu Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Vishnu Chemicals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Vishnu Chemicals:

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.
Vishnu 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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.7%14.9%15.4%8.2%8.5%10%8.4%8.9%16.1%24.7%-
Value Creation
Index
0.00.10.1-0.4-0.4-0.3-0.4-0.40.20.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3524184634395626685715739071,2221,064
Sales YoY Gr.-18.7%10.8%-5.3%28.1%18.8%-14.4%0.3%58.2%34.8%-
Adj EPS 2.43.54.60.30.92.523.910.620.216.4
YoY Gr.-44.2%31.5%-92.5%152.9%191.9%-21.1%98%170.7%90%-
BVPS (₹) 12.115.21915.116.719.821.325.436.257.992.9
Adj Net
Profit
14.420.727.225.11511.823.463.4120107
Cash Flow from Ops. -312.738.771.878.493.134.748.88897.1-
Debt/CF from Ops. -53.8145.14.24.63.69.36.83.62.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.8%16.8%28.9%34.8%
Adj EPS 26.7%87.9%116.7%90%
BVPS19%28.3%39.7%60.1%
Share Price 34.4% 62% 80.5% 19.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.71618.11.65.413.89.616.834.542.821.7
Op. Profit
Mgn %
18.818.51913.612.41311.710.914.117.116
Net Profit
Mgn %
4.155.90.50.92.22.14.179.910.1
Debt to
Equity
1.31.31.23.33.62.82.52.21.50.8-
Working Cap
Days
16817821424821719621220313911970
Cash Conv.
Cycle
5088978072738882574424

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.85%

Net Profit is growing at healthy rate in last 3 years 116.74%

Debt to equity has declined versus last 3 years average to 0.75

Return on Equity has declined versus last 3 years average to 21.70%

Sales growth is not so good in last 4 quarters at -12.01%

Latest Financials - Vishnu Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 16.4 16.6
TTM Sales (₹ Cr.) 1,064 1,245
BVPS (₹.) 92.9 103.1
Reserves (₹ Cr.) 596 663
P/BV 3.43 3.09
PE 19.46 19.14
From the Market
52 Week Low / High (₹) 245.25 / 385.30
All Time Low / High (₹) 0.10 / 429.40
Market Cap (₹ Cr.) 2,086
Equity (₹ Cr.) 13.1
Face Value (₹) 2
Industry PE 47

Management X-Ray of Vishnu Chemicals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *40.4040.4036.4136.0736.0736.0736.073.843.843.84
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vishnu Chemicals

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
Sales3524184634395626685715739071,222
Operating Expenses 2883413783794925855045127791,013
Manufacturing Costs7994107105130164152165253371
Material Costs153185199202274309264245384478
Employee Cost 12161819222726263236
Other Costs 4345535366866275110128
Operating Profit 6477866070836761127209
Operating Profit Margin (%) 18.3%18.5%18.5%13.6%12.4%12.4%11.7%10.7%14.1%17.1%
Other Income 13278494716
Interest 31343541444437262628
Depreciation 13121213161817171920
Exceptional Items 0000000000
Profit Before Tax 213441121725212289175
Tax 812157813802446
Profit After Tax 1322265912132365129
PAT Margin (%) 3.7%5.2%5.6%1.2%1.7%1.8%2.3%4.0%7.2%10.6%
Adjusted EPS (₹)2.23.74.40.91.62.02.23.810.921.7
Dividend Payout Ratio (%)0%11%5%0%13%10%9%5%4%2%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 12013916190100118127151216346
Share Capital 59595912121212121212
Reserves 60791017888106115139204334
Minority Interest0000000000
Debt149161179279340321313304283232
Long Term Debt445655114165177184184174141
Short Term Debt10510512416517514412912010990
Trade Payables4559113120162125127121143154
Others Liabilities 11213813416412814411112712797
Total Liabilities 425496587653730708678704770829

Fixed Assets

Gross Block275277282385462470478543568590
Accumulated Depreciation7891101115130146163179192213
Net Fixed Assets196186181271332323315364375377
CWIP 3644625471627335
Investments 00265776710
Inventories86116164160168175192178150181
Trade Receivables62891128613712479104171160
Cash Equivalents 712111318141591313
Others Assets37495764634945405182
Total Assets 425496587653730708678704770829

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -3133972789335498897
PBT 1334265925212289175
Adjustment 50435857655647404143
Changes in Working Capital -60-58-3891323-21-7-33-77
Tax Paid -6-5-80-9-12-12-7-9-44
Cash Flow From Investing Activity -7-9-26-94-29-19-14-36-35-18
Capex -3-2-26-95-31-19-18-39-32-19
Net Investments 00-100-101-11
Others -4-7111143-30
Cash Flow From Financing Activity 71-1323-49-75-17-17-53-80
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 20301856-21-20-216-8-35
Interest Paid -29-31-32-34-39-40-30-22-20-22
Dividend Paid 00-300-1-1-1-14-3
Others 1633011-1416-10-10-19
Net Cash Flow -35-100-13-400
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)20.0226.8625.475.269.9311.1810.7816.3535.4946.01
ROCE (%)19.7322.822.5714.1814.4715.1412.9810.3622.7435.86
Asset Turnover Ratio0.910.980.920.760.820.930.820.831.231.53
PAT to CFO Conversion(x)-0.230.591.514.48.677.752.692.131.350.75
Working Capital Days
Receivable Days50627376717165585549
Inventory Days8082102125105941171186649
Payable Days144103157210188170174184125113

Vishnu Chemicals Ltd Stock News

Vishnu Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vishnu Chemicals on 28-Mar-2024 16:01 is ₹320.0.
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 16:01 the market cap of Vishnu Chemicals stood at ₹2,086.4.
The latest P/E ratio of Vishnu Chemicals as of 28-Mar-2024 16:01 is 19.46.
The latest P/B ratio of Vishnu Chemicals as of 28-Mar-2024 16:01 is 3.43.
The 52-week high of Vishnu Chemicals is ₹385.3 and the 52-week low is ₹245.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vishnu Chemicals is ₹1,064 ( Cr.) .

About Vishnu Chemicals Ltd

Ch.Krishna Murthy founded Vishnu Chemicals in the year 1990 near Hyderabad in Andhra Pradesh. In a span of 17 years Vishnu Chemicals pioneered manufacturing chrome chemicals like sodium dichromate, potassium dichromate, basic chromium sulphate and yellow sodium sulphate at its plants in Medak District in Andhra Pradesh and Bhilai in Chattisgarh.

It has expanded its product line to a point where it can supply over ten high quality compounds that are used in various industries which are include chromic acid, white sodium sulphate, saccharin and sodium saccharin.

The company also a world class manufacturer of animal feed ingredients like menadione sodium bisulfite, menadione nicotinamide bisulfite, menadione dimethylpyrimidinol bisulfite and supplying to various global destinations. Its growth and success is attributed to high standards of quality and diligence in handling customers requirements.

The company has established a world class state-of-the-art research laboratory with most modern equipment to handle gram level to scale-up operations in single site. The R&D Lab is also supported by quality control laboratory which has various sophisticated equipment like HPLCs, DSC and 300 MHz NMR among other sensitive equipments. Talented personnel handles the R&D and quality control operations. This facility is already catering to various clients for customs research and synthesis, technology transfer, scale-up and analytical services.

Product range of the company includes:

  • Sodium Dichromate Dihydrate
  • Basic Chromium Sulphate
  • Chromic Acid
  • Sodium Sulphate
  • Potassium Dichromate
  • Sodium Saccharin
  • Menadione (Vitamin K3)
  • Menadione Nicotinamide Bisulfite (MNB 44%) (Vitamin K3)
  • Menadione Dimethylpyrimidinol Bisulfite (MPB 44%) (Vitamin K3)

Achievements/ recognition

  • An ISO 9001 certification by BVQI
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