Bodal Chemicals Ltd Stock Analysis

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

BSE Share Price 23-Sep-2022 18:01
90.10 -0.20 (-0.22%)

DeciZen - Make an Informed Decision on Bodal Chemicals

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Bodal Chemicals Price Chart

P/E Ratio (SA) :
8.49
Market Cap :
1,105.1 Cr.
52-wk low :
76
52-wk high :
150
Bole Toh?

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 Weak which suggest that the price of Bodal Chemicals 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 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 3.1%27%25.6%23.6%29.2%18.8%16.5%10%4%9.3%-
Value Creation Index -0.80.90.80.71.10.30.2-0.3-0.7-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5249601,0459101,1821,1211,3791,2241,1301,8741,915
YoY Gr. Rt. %-83.2%8.9%-13%29.9%-5.2%23.1%-11.3%-7.7%65.8%-
Adj EPS -1.47.78.47.611.410.111.97.93.710.910.6
YoY Gr. Rt. %-NA8.7%-8.7%50%-11.4%17.5%-33.4%-52.8%191.2%-
BVPS (₹) 3.56.314.72233.257.468.2738191.393
Adj Net Profit -15.283.891.183.11251241459745.8133130
Cash Flow from Ops. 13.948.819813311222.121065.5-21.618.2-
Debt/CF from Ops. 24.77.61.11.11.36.70.73.6-20.235.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.2%9.7%10.8%65.8%
Adj EPS NA-1%-2.9%191.2%
BVPS 43.522.410.212.8
Share Price 24% -11.6% 2.4% -17%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -26.8113.365.139.141.423.318.9114.712.611.5
Op. Profit Mgn % 5.920.217.91718.717.61711.77.412.211.7
Net Profit Mgn % -2.98.78.79.110.611.110.57.94.17.16.8
Debt to Equity 6.441.10.60.40.20.20.30.40.6-
Working Cap Days 1561081221221111671642102652060
Cash Conv. Cycle 53475346366669891261030

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.50%

Sales growth is growing at healthy rate in last 3 years 10.75%

Sales growth is good in last 4 quarters at 37.93%

Net Profit has been subdued in last 3 years -2.91%

Latest Financials - Bodal Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 10.6 8.5
TTM Sales (₹ Cr.) 1,915 2,088
BVPS (₹.) 93 87.8
Reserves (₹ Cr.) 1,115 1,053
P/BV 0.97 1.02
PE 8.49 10.54
From the Market
52 Week Low / High (₹) 76.00 / 150.00
All Time Low / High (₹) 0.04 / 193.60
Market Cap (₹ Cr.) 1,105
Equity (₹ Cr.) 24.5
Face Value (₹) 2
Industry PE 20

Management X-Ray of Bodal Chemicals :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *2.450.000.000.000.000.000.000.000.000.00
* 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 (%)

News

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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