Bodal Chemicals Ltd - Stock Valuation and Financial Performance

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

Bodal Chemicals Share Price

75.41 1.21 1.63%
as on 28-Mar'24 13:17

DeciZen - make an informed investing decision on Bodal Chemicals

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Bodal Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
189.32
Market Cap:
933.4 Cr.
52-wk low:
55
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 Fair 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 27%25.6%23.6%29.2%18.8%16.5%10%4%8.6%3.3%-
Value Creation
Index
0.90.80.71.10.30.2-0.3-0.7-0.4-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9601,0459101,1821,1211,3791,2241,1302,0111,5551,380
Sales YoY Gr.-8.9%-13%29.9%-5.2%23.1%-11.3%-7.7%78%-22.7%-
Adj EPS 7.78.47.611.410.111.97.93.7102.90.4
YoY Gr.-8.7%-8.7%50%-11.4%17.5%-33.4%-52.8%166%-70.9%-
BVPS (₹) 6.314.72233.257.468.273819089.689.7
Adj Net
Profit
83.891.183.11251241459745.812236.45
Cash Flow from Ops. 48.819813311222.121065.5-21.629.8246-
Debt/CF from Ops. 7.61.11.11.36.70.73.6-20.221.53.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.5%6.8%8.3%-22.7%
Adj EPS -10.3%-22.1%-28.5%-70.9%
BVPS34.3%9.3%7.1%-0.4%
Share Price 15.1% -9.8% -5.3% 36.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
113.365.139.141.423.318.9114.711.63.30.4
Op. Profit
Mgn %
20.217.91718.717.61711.77.411.28.46.9
Net Profit
Mgn %
8.78.79.110.611.110.57.94.16.12.30.4
Debt to
Equity
41.10.60.40.20.20.30.40.60.7-
Working Cap
Days
10812212211116716421026518424098
Cash Conv.
Cycle
4753463666698912610013722

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.67

Return on Equity has declined versus last 3 years average to 0.40%

Sales growth has been subdued in last 3 years 8.32%

Net Profit has been subdued in last 3 years -28.49%

Sales growth is not so good in last 4 quarters at -17.96%

Latest Financials - Bodal Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 0.4 0.6
TTM Sales (₹ Cr.) 1,380 1,391
BVPS (₹.) 89.7 85.3
Reserves (₹ Cr.) 1,103 1,048
P/BV 0.83 0.87
PE 189.32 128.93
From the Market
52 Week Low / High (₹) 55.00 / 100.95
All Time Low / High (₹) 0.04 / 193.60
Market Cap (₹ Cr.) 933
Equity (₹ Cr.) 25.2
Face Value (₹) 2
Industry PE 22.4

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales9591,0459101,1821,1211,3791,2241,1302,0111,555
Operating Expenses 7708617609629241,1461,0911,0471,7871,434
Manufacturing Costs8496103115130159167160439340
Material Costs6176585707617028767747391,115900
Employee Cost 385937404559807110892
Other Costs 3148504548527077125102
Operating Profit 18918415022119723313283224121
Operating Profit Margin (%) 19.7%17.6%16.5%18.7%17.5%16.9%10.8%7.3%11.1%7.8%
Other Income 4512101215141888
Interest 4727127571492134
Depreciation 25222626111826284652
Exceptional Items -74085000000
Profit Before Tax 471391322031932221066416543
Tax 16474570657816154111
Profit After Tax 319287133128144904812431
PAT Margin (%) 3.2%8.8%9.5%11.2%11.4%10.4%7.4%4.3%6.2%2.0%
Adjusted EPS (₹)2.88.47.912.210.411.87.44.010.22.5
Dividend Payout Ratio (%)0%0%8%7%8%7%11%20%8%4%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 941862403637028338939901,1021,125
Share Capital 47472222242424242425
Reserves 471392183416778098689661,0771,100
Minority Interest0000000000
Debt343209143142148135238436640687
Long Term Debt2168611100106214362
Short Term Debt127122142141147135238329426325
Trade Payables112112105156148193195205255188
Others Liabilities 4832273143749876131162
Total Liabilities 5975395146921,0411,2351,4241,7082,1272,163

Fixed Assets

Gross Block3604044232224495846998739691,172
Accumulated Depreciation19221423926375586113165217
Net Fixed Assets168190184196412529613760804955
CWIP 830914201470193
Investments 233212420414499100
Inventories1227887119112185191255430275
Trade Receivables226197167225335290371396540407
Cash Equivalents 3346681810107
Others Assets676569116138182190239176225
Total Assets 5975395146921,0411,2351,4241,7082,1272,163

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 491981331122221065-2230246
PBT 471391322031932221066416543
Adjustment 14154211971140266083
Changes in Working Capital -1244416-41-11841-62-103-159128
Tax Paid -16-40-36-69-59-64-18-8-37-7
Cash Flow From Investing Activity -21-35-24-100-216-175-146-171-195-315
Capex -18-35-16-45-219-143-50-166-157-319
Net Investments 0-10-13082071
Others -31-8-424-40-98-6-463
Cash Flow From Financing Activity -27-162-109-9191-298618616269
Net Proceeds from Shares 000021901000
Net Proceeds from Borrowing -30-130-86000-13106107215
Interest Paid -47-27-12-7-5-7-13-9-31-34
Dividend Paid 00-8-4-5-10-190-10-10
Others 50-5-42-17-121318996-102
Net Cash Flow 10-13-366-6-31
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)57.0480.0843.2644.1523.9718.7710.445.1311.882.8
ROCE (%)21.7338.7637.0847.3629.1725.211.195.611.764.25
Asset Turnover Ratio1.941.991.882.131.321.210.920.721.050.73
PAT to CFO Conversion(x)1.582.151.530.840.171.460.72-0.460.247.94
Working Capital Days
Receivable Days5568675689839912485111
Inventory Days32323129373956726283
Payable Days53626962797192997590

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 28-Mar-2024 13:17 is ₹75.41.
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 13:17 the market cap of Bodal Chemicals stood at ₹933.4.
The latest P/E ratio of Bodal Chemicals as of 28-Mar-2024 13:17 is 189.3.
The latest P/B ratio of Bodal Chemicals as of 28-Mar-2024 13:17 is 0.83.
The 52-week high of Bodal Chemicals is ₹101.0 and the 52-week low is ₹55.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bodal Chemicals is ₹1,380 ( 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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