Is Bodal Chemicals a good quality company?

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

Is Bodal Chemicals 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 .

What is Bodal Chemicals share price return in the past 10 years?

Bodal Chemicals Ltd share price has appreciated 4.9% annually (CAGR) over the past ten years.

Is Bodal Chemicals 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.

Bodal Chemicals Ltd - Stock Valuation and Financial Performance

Name: Bodal Chemicals
Brand: Bodal Chemicals

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

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Bodal Chemicals Share Price

₹80.48 0.69 0.86%
as on 20-Sep'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	38.8%	37.1%	47.4%	29.2%	25.2%	11.2%	5.6%	11.8%	4.3%	3.3%	-
Value Creation Index ⓘ	1.8	1.7	2.4	1.1	0.8	-0.2	-0.6	-0.2	-0.7	-0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,045	910	1,182	1,121	1,379	1,224	1,130	2,011	1,555	1,386	1,481
Sales YoY Gr.	-	-13%	29.9%	-5.2%	23.1%	-11.3%	-7.7%	78%	-22.7%	-10.9%	-
Adj EPS ⓘ	8.4	7.6	11.4	10.1	11.9	7.9	3.7	10	2.9	0.2	0.6
YoY Gr.	-	-8.7%	50%	-11.4%	17.5%	-33.4%	-52.8%	166%	-70.9%	-94.8%	-
BVPS (₹) ⓘ	14.7	22	33.2	57.4	68.2	73	81	90	89.6	90	90
Adj Net Profit ⓘ	91.1	83.1	125	124	145	97	45.8	122	36.4	1.9	8
Cash Flow from Ops. ⓘ	198	133	112	22.1	210	65.5	-21.6	29.8	246	191	-
Debt/CF from Ops. ⓘ	1.1	1.1	1.3	6.7	0.7	3.6	-20.2	21.5	3.1	4.7	-

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%
BVPSⓘ	22.3%	5.7%	3.6%	0.5%
Share Price	4.9%	0.1%	-9.2%	3.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	65.1	39.1	41.4	23.3	18.9	11	4.7	11.6	3.3	0.2	0.7
Op. Profit Mgn % ⓘ	17.9	17	18.7	17.6	17	11.7	7.4	11.2	8.4	7.8	8.2
Net Profit Mgn % ⓘ	8.7	9.1	10.6	11.1	10.5	7.9	4.1	6.1	2.3	0.1	0.5
Debt to Equity ⓘ	1.1	0.6	0.4	0.2	0.2	0.3	0.4	0.6	0.7	0.8	-
Working Cap Days ⓘ	122	122	111	167	164	210	265	184	240	228	96
Cash Conv. Cycle ⓘ	53	46	36	66	69	89	126	100	139	120	16

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 ⓘ	0.89	0.94
PE ⓘ	129.95	328.56

From the Market
52 Week Low / High (₹)	66.00 / 100.95
All Time Low / High (₹)	0.04 / 193.60
Market Cap (₹ Cr.)	1,014
Equity (₹ Cr.)	25.2
Face Value (₹)	2
Industry PE ⓘ	49.7

Management X-Ray of Bodal Chemicals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Bodal Chemicals

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Bodal Chemicals

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,045	910	1,182	1,121	1,379	1,224	1,130	2,011	1,555	1,386
Operating Expenses ⓘ	861	760	962	924	1,146	1,091	1,047	1,787	1,434	1,279
Manufacturing Costs	96	103	115	130	159	167	160	439	348	399
Material Costs	658	570	761	702	876	774	739	1,115	891	702
Employee Cost	59	37	40	45	59	80	71	108	92	99
Other Costs ⓘ	48	50	45	48	52	70	77	125	103	79
Operating Profit ⓘ	184	150	221	197	233	132	83	224	121	108
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 ⓘ	5	12	10	12	15	14	18	8	8	15
Interest ⓘ	27	12	7	5	7	14	9	21	34	52
Depreciation ⓘ	22	26	26	11	18	26	28	46	52	60
Exceptional Items ⓘ	0	8	5	0	0	0	0	0	0	0
Profit Before Tax ⓘ	139	132	203	193	222	106	64	165	43	12
Tax ⓘ	47	45	70	65	78	16	15	41	11	4
Profit After Tax	92	87	133	128	144	90	48	124	31	8
PAT Margin (%)	8.8%	9.5%	11.2%	11.4%	10.4%	7.4%	4.3%	6.2%	2.0%	0.6%
Adjusted EPS (₹)	8.4	7.9	12.2	10.4	11.8	7.4	4.0	10.2	2.5	0.6
Dividend Payout Ratio (%)	0%	8%	7%	8%	7%	11%	20%	8%	4%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	186	240	363	702	833	893	990	1,102	1,125	1,132
Share Capital ⓘ	47	22	22	24	24	24	24	24	25	25
Reserves ⓘ	139	218	341	677	809	868	966	1,077	1,100	1,107
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	209	143	142	148	135	238	436	640	687	802
Long Term Debt	86	1	1	1	0	0	106	214	362	443
Short Term Debt	122	142	141	147	135	238	329	426	325	359
Trade Payables	112	105	156	148	193	195	205	255	177	195
Others Liabilities ⓘ	32	27	31	43	74	98	76	131	174	207
Total Liabilities ⓘ	539	514	692	1,041	1,235	1,424	1,708	2,127	2,163	2,336
Fixed Assets
Gross Block	404	423	222	449	584	699	873	969	1,172	1,575
Accumulated Depreciation	214	239	26	37	55	86	113	165	217	272
Net Fixed Assetsⓘ	190	184	196	412	529	613	760	804	955	1,302
CWIP ⓘ	3	0	9	14	20	1	4	70	193	68
Investmentsⓘ	3	3	21	24	20	41	44	99	100	113
Inventories	78	87	119	112	185	191	255	430	275	247
Trade Receivables	197	167	225	335	290	371	396	540	407	375
Cash Equivalents	3	4	6	6	8	18	10	10	7	28
Others Assetsⓘ	65	69	116	138	182	190	239	176	225	202
Total Assets ⓘ	539	514	692	1,041	1,235	1,424	1,708	2,127	2,163	2,336

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	198	133	112	22	210	65	-22	30	246	191
PBT ⓘ	139	132	203	193	222	106	64	165	43	12
Adjustment ⓘ	54	21	19	7	11	40	26	60	83	98
Changes in Working Capital ⓘ	44	16	-41	-118	41	-62	-103	-159	128	78
Tax Paid ⓘ	-40	-36	-69	-59	-64	-18	-8	-37	-7	3
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	-1	0	-13	0	8	2	0	7	1	-39
Others ⓘ	1	-8	-42	4	-40	-98	-6	-46	3	7
Cash Flow From Financing Activityⓘ	-162	-109	-9	191	-29	86	186	162	69	88
Net Proceeds from Shares ⓘ	0	0	0	219	0	1	0	0	0	0
Net Proceeds from Borrowing ⓘ	-130	-86	0	0	0	-13	106	107	215	109
Interest Paid ⓘ	-27	-12	-7	-5	-7	-13	-9	-31	-34	-52
Dividend Paid ⓘ	0	-8	-4	-5	-10	-19	0	-10	-10	-1
Others ⓘ	-5	-4	2	-17	-12	131	89	96	-102	32
Net Cash Flow ⓘ	0	-1	3	-3	6	6	-6	-3	1	14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	80.08	43.26	44.15	23.97	18.77	10.44	5.13	11.88	2.8	0.69
ROCE (%)	38.76	37.08	47.36	29.17	25.2	11.19	5.6	11.76	4.25	3.26
Asset Turnover Ratio	1.99	1.88	2.13	1.32	1.21	0.92	0.72	1.05	0.72	0.62
PAT to CFO Conversion(x)	2.15	1.53	0.84	0.17	1.46	0.72	-0.46	0.24	7.94	23.88
Working Capital Days
Receivable Days	68	67	56	89	83	99	124	85	111	103
Inventory Days	32	31	29	37	39	56	72	62	83	69
Payable Days	62	69	62	79	71	92	99	75	88	97

Bodal Chemicals Ltd Stock News

Bodal Chemicals Ltd FAQs

What is the share price of Bodal Chemicals?

Company share prices are keep on changing according to the market conditions. The closing price of Bodal Chemicals on 20-Sep-2024 16:01 is ₹80.48.

What is the market cap of Bodal Chemicals?

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 20-Sep-2024 16:01 the market cap of Bodal Chemicals stood at ₹1,013.6.

What is the P/E ratio of Bodal Chemicals?

The latest P/E ratio of Bodal Chemicals as of 20-Sep-2024 16:01 is 129.9.

What is the P/B ratio of Bodal Chemicals?

The latest P/B ratio of Bodal Chemicals as of 20-Sep-2024 16:01 is 0.89.

What is the 52-week high and low of Bodal Chemicals?

The 52-week high of Bodal Chemicals is ₹101.0 and the 52-week low is ₹66.00.

What is the TTM revenue of Bodal Chemicals?

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.