Bodal Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 524370 | NSE: BODALCHEM | Dyes & Pigments | Small Cap

Bodal Chemicals Share Price

83.10 0.16 0.19%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Bodal Chemicals

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Bodal Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
134.18
Market Cap:
1,046.6 Cr.
52-wk low:
66
52-wk high:
101

Is Bodal Chemicals Ltd an attractive stock to invest in?

1. Is Bodal Chemicals Ltd a good quality company?

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

2. Is Bodal Chemicals Ltd undervalued or overvalued?

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

3. Is Bodal Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bodal 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 Bodal 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.
Bodal 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 38.8%37.1%47.4%29.2%25.2%11.2%5.6%11.8%4.3%3.3%-
Value Creation
Index
1.81.72.41.10.8-0.2-0.6-0.2-0.7-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0459101,1821,1211,3791,2241,1302,0111,5551,3861,481
Sales YoY Gr.--13%29.9%-5.2%23.1%-11.3%-7.7%78%-22.7%-10.9%-
Adj EPS 8.47.611.410.111.97.93.7102.90.20.6
YoY Gr.--8.7%50%-11.4%17.5%-33.4%-52.8%166%-70.9%-94.8%-
BVPS (₹) 14.72233.257.468.273819089.69090
Adj Net
Profit
91.183.11251241459745.812236.41.98
Cash Flow from Ops. 19813311222.121065.5-21.629.8246191-
Debt/CF from Ops. 1.11.11.36.70.73.6-20.221.53.14.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.2%0.1%7.1%-10.9%
Adj EPS -36%-58.3%-65.8%-94.8%
BVPS22.3%5.7%3.6%0.5%
Share Price 10.2% 3.6% -16.3% 4.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
65.139.141.423.318.9114.711.63.30.20.7
Op. Profit
Mgn %
17.91718.717.61711.77.411.28.47.88.2
Net Profit
Mgn %
8.79.110.611.110.57.94.16.12.30.10.5
Debt to
Equity
1.10.60.40.20.20.30.40.60.70.8-
Working Cap
Days
12212211116716421026518424022896
Cash Conv.
Cycle
53463666698912610013912016

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.79

Return on Equity has declined versus last 3 years average to 0.70%

Sales growth has been subdued in last 3 years 7.06%

Net Profit has been subdued in last 3 years -65.77%

Sales growth is not so good in last 4 quarters at 5.16%

Latest Financials - Bodal Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 0.6 0.2
TTM Sales (₹ Cr.) 1,481 1,484
BVPS (₹.) 90 85.8
Reserves (₹ Cr.) 1,108 1,055
P/BV 0.92 0.97
PE 134.18 339.25
From the Market
52 Week Low / High (₹) 66.00 / 100.95
All Time Low / High (₹) 0.04 / 193.60
Market Cap (₹ Cr.) 1,047
Equity (₹ Cr.) 25.2
Face Value (₹) 2
Industry PE 55

Management X-Ray of Bodal Chemicals:

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 Bodal Chemicals

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,0459101,1821,1211,3791,2241,1302,0111,5551,386
Operating Expenses 8617609629241,1461,0911,0471,7871,4341,279
Manufacturing Costs96103115130159167160439348399
Material Costs6585707617028767747391,115891702
Employee Cost 593740455980711089299
Other Costs 4850454852707712510379
Operating Profit 18415022119723313283224121108
Operating Profit Margin (%) 17.6%16.5%18.7%17.5%16.9%10.8%7.3%11.1%7.8%7.8%
Other Income 51210121514188815
Interest 2712757149213452
Depreciation 22262611182628465260
Exceptional Items 0850000000
Profit Before Tax 139132203193222106641654312
Tax 4745706578161541114
Profit After Tax 92871331281449048124318
PAT Margin (%) 8.8%9.5%11.2%11.4%10.4%7.4%4.3%6.2%2.0%0.6%
Adjusted EPS (₹)8.47.912.210.411.87.44.010.22.50.6
Dividend Payout Ratio (%)0%8%7%8%7%11%20%8%4%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1862403637028338939901,1021,1251,132
Share Capital 47222224242424242525
Reserves 1392183416778098689661,0771,1001,107
Minority Interest0000000000
Debt209143142148135238436640687802
Long Term Debt8611100106214362443
Short Term Debt122142141147135238329426325359
Trade Payables112105156148193195205255177195
Others Liabilities 32273143749876131174207
Total Liabilities 5395146921,0411,2351,4241,7082,1272,1632,336

Fixed Assets

Gross Block4044232224495846998739691,1721,575
Accumulated Depreciation21423926375586113165217272
Net Fixed Assets1901841964125296137608049551,302
CWIP 3091420147019368
Investments 33212420414499100113
Inventories7887119112185191255430275247
Trade Receivables197167225335290371396540407375
Cash Equivalents 34668181010728
Others Assets6569116138182190239176225202
Total Assets 5395146921,0411,2351,4241,7082,1272,1632,336

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1981331122221065-2230246191
PBT 139132203193222106641654312
Adjustment 5421197114026608398
Changes in Working Capital 4416-41-11841-62-103-15912878
Tax Paid -40-36-69-59-64-18-8-37-73
Cash Flow From Investing Activity -35-24-100-216-175-146-171-195-315-266
Capex -35-16-45-219-143-50-166-157-319-233
Net Investments -10-13082071-39
Others 1-8-424-40-98-6-4637
Cash Flow From Financing Activity -162-109-9191-29861861626988
Net Proceeds from Shares 000219010000
Net Proceeds from Borrowing -130-86000-13106107215109
Interest Paid -27-12-7-5-7-13-9-31-34-52
Dividend Paid 0-8-4-5-10-190-10-10-1
Others -5-42-17-121318996-10232
Net Cash Flow 0-13-366-6-3114
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)80.0843.2644.1523.9718.7710.445.1311.882.80.69
ROCE (%)38.7637.0847.3629.1725.211.195.611.764.253.26
Asset Turnover Ratio1.991.882.131.321.210.920.721.050.720.62
PAT to CFO Conversion(x)2.151.530.840.171.460.72-0.460.247.9423.88
Working Capital Days
Receivable Days68675689839912485111103
Inventory Days32312937395672628369
Payable Days62696279719299758897

Bodal Chemicals Ltd Stock News

Bodal Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bodal Chemicals on 11-Oct-2024 16:01 is ₹83.10.
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 11-Oct-2024 16:01 the market cap of Bodal Chemicals stood at ₹1,046.6.
The latest P/E ratio of Bodal Chemicals as of 11-Oct-2024 16:01 is 134.2.
The latest P/B ratio of Bodal Chemicals as of 11-Oct-2024 16:01 is 0.92.
The 52-week high of Bodal Chemicals is ₹101.0 and the 52-week low is ₹66.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bodal Chemicals is ₹1,481 ( Cr.) .

About Bodal Chemicals Ltd

Bodal Chemicals formaly known as JK phrarma, 17 years of success saga. The quest begin in 1989 with two enterprising young men Suresh patel and Ramesh patel, willing to take on the world of chemicals with their quality offering. And thus began JK pharma, a partnership firm with the production capacity of 60 metric tonnes per annum of Vinyl Sulphone. Bodal Chemicals Ltd has now emerged as supplier of one of the finest quality of Dyes and Dyes Intermediates

The company's huge motivation is the ability to use its products in the most optimum way and it has made it to lead from one partnership firm to a well established Limited Company. 1994 saw the conversion of the partnership firm to a private limited company with the change in name to Bodal Chemicals Ltd.

About 17 years back company started producing vinyl sulphone in a small way and with the passage of time due to foresight of the main person instrumental, Today Bodal is producing about 12 major dye intermediates with a monthly capacity of 1500 mt.

For the production of dyes the company has their own major dye-intermediates means quality will be consistent of dye_stuffs. Bodal is a fast growing company in the field of manufacturing dye intermediates & dye stuffs.

Bodal chemicals have established their production units at

  • Bodal Chemicals Ltd, Ahmedabad - Unit 1
  • Bodal Chemicals Ltd, Ahmedabad - Unit 2
  • Bodal Chemicals Ltd, Ahmedabad - Unit 3 
  • Bodal Chemicals Ltd, Ahmedabad - Unit 4 
  • Bodal Chemicals Ltd, Ankleshwar - Unit 5
  • Bodal Chemicals Ltd, Panoli - Unit 6 
  • Bodal Chemicals Ltd, Baroda - Unit 7 

Product range of the company includes:

Dyes intermediates

Acid & Direct Dyes

  • Direct Dyes
  • Acid Miling Dyes
  • Metal Complex Dyes Acid 1:1
  • Metal Complex Dyes Acid 2:1
  • Acid Dyes

Reactive Dyes

  • VS Based Dyes
  • H Dyes
  • HE Dyes
  • M Dyes
  • Bifunctional Dyes

Out of total production more than 70% is being exported to various countries like USA, UK, Germany, Spain, Turkey, China, Indonasia, Taiwan, Korea, Greece, Egypt, Portugal, Hongkong, Italy, Bangladesh and Pakistan.

Awards/achievements

  • Bodal Chemicals is an ISO 9001-2000 certified company
  • The company has Received Award for Excellence Growth in Exports from Mr. R S Reddy, Executive Director of Union Bank of India on 11/09/2006.
  • The company is a Government of India recognized Export House.
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