Organic Coatings Ltd - Stock Valuation and Financial Performance

BSE: 531157 | NSE: | Dyes & Pigments | Small Cap

Organic Coatings Share Price

12.06 0.55 4.78%
as on 25-Apr'24 15:31

DeciZen - make an informed investing decision on Organic Coatings

M-Cap below 100cr DeciZen not available

Organic Coatings stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
8.8 Cr.
52-wk low:
5.8
52-wk high:
13.7

Is Organic Coatings Ltd an attractive stock to invest in?

1. Is Organic Coatings Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Organic Coatings Ltd is a below average quality company.

2. Is Organic Coatings Ltd undervalued or overvalued?

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

3. Is Organic Coatings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Organic Coatings 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 Organic Coatings:

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.
Organic Coatings Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -8.9%0.9%-1%6.2%4.9%-1.8%0.6%-7.2%-6.4%0.2%-
Value Creation
Index
-1.6-0.9-1.1-0.6-0.7-1.1-1.0-1.5-1.5NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 41.845.640.729.937.135.627.514.122.122.923
Sales YoY Gr.-9.1%-10.7%-26.4%23.9%-4.1%-22.6%-49%57.1%3.8%-
Adj EPS -5.4-1.5-1.50.20-1.4-1-2.8-2.7-1.3-1.2
YoY Gr.-NANANA-100%NANANANANA-
BVPS (₹) 11.29.78.28.38.478.83.61-0.2-1.2
Adj Net
Profit
-4.2-1.2-1.20.10-1.1-0.7-2.2-2-1-1
Cash Flow from Ops. -2.67.43.54.12.30.5-0.8-1.31.41.6-
Debt/CF from Ops. -6.11.52.623.318.3-12.4-9.88.87.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -6.5%-9.2%-6%3.8%
Adj EPS NANANANA
BVPS-165.3%-149.2%-130.1%-124.2%
Share Price 12.2% 12.3% 22.2% 118.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-63.8-14.7-171.90-13.8-10.4-38.1-56.5-47178.4
Op. Profit
Mgn %
-3.71.83.47.75.13.45.63.42.165.7
Net Profit
Mgn %
-10-2.6-2.90.40-3-2.7-15.4-9.3-4.4-4.2
Debt to
Equity
1.81.41.51.31.21.61.44.616.1-65-
Working Cap
Days
16214113814011815116825118217542
Cash Conv.
Cycle
52331923222728866457-8

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 178.40%

Sales growth has been subdued in last 3 years -5.96%

Sales growth is not so good in last 4 quarters at -0.58%

Latest Financials - Organic Coatings Ltd.

Standalone Consolidated
TTM EPS (₹) -1.2 -
TTM Sales (₹ Cr.) 22.9 -
BVPS (₹.) -1.2 -
Reserves (₹ Cr.) -9 -
P/BV -10.02 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 5.78 / 13.65
All Time Low / High (₹) 1.45 / 80.00
Market Cap (₹ Cr.) 8.8
Equity (₹ Cr.) 7.7
Face Value (₹) 10
Industry PE 25.6

Management X-Ray of Organic Coatings:

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 Organic Coatings

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
Sales41.7745.5740.6929.9437.1035.5927.5414.0522.0722.90
Operating Expenses 43.3744.7439.4027.6535.2134.3925.9813.5721.6021.54
Manufacturing Costs5.785.715.614.265.065.244.292.913.713.72
Material Costs29.4933.6729.2619.4625.8724.9518.228.6215.1815.35
Employee Cost 2.372.352.021.791.831.841.250.790.850.86
Other Costs 5.733.022.512.142.442.352.231.241.861.60
Operating Profit -1.600.831.292.291.891.201.550.480.461.36
Operating Profit Margin (%) -3.8%1.8%3.2%7.6%5.1%3.4%5.6%3.4%2.1%5.9%
Other Income 12.041.370.310.310.550.240.400.050.110.17
Interest 2.561.941.421.171.061.121.181.391.471.49
Depreciation 1.631.411.401.311.351.341.291.301.070.98
Exceptional Items -2.050.0200.01000000
Profit Before Tax 4.19-1.12-1.210.130.04-1.03-0.51-2.15-1.97-0.95
Tax 00000.010000.030
Profit After Tax 4.19-1.12-1.210.130.03-1.03-0.51-2.15-2-0.95
PAT Margin (%) 10.0%-2.5%-3.0%0.4%0.1%-2.9%-1.9%-15.3%-9.1%-4.2%
Adjusted EPS (₹)5.5-1.5-1.60.20.0-1.3-0.7-2.8-2.6-1.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 8.587.466.256.388.297.246.754.622.631.68
Share Capital 7.677.677.677.677.677.677.677.677.677.67
Reserves 0.90-0.21-1.42-1.290.62-0.43-0.93-3.06-5.05-5.99
Minority Interest0000000000
Debt13.789.117.156.046.116.628.0912.2410.9710.89
Long Term Debt6.985.393.331.281.942.974.828.076.816.73
Short Term Debt6.803.723.824.754.163.663.284.174.164.16
Trade Payables8.9012.7286.248.4110.555.134.646.745.10
Others Liabilities 3.797.037.118.176.396.741.870.862.042.05
Total Liabilities 35.0536.3228.5126.8329.1931.1621.8522.3522.3819.72

Fixed Assets

Gross Block25.7126.0325.8926.2428.2128.1228.1227.9327.9727.98
Accumulated Depreciation9.5710.9512.0911.6912.9514.0415.3316.4417.5118.48
Net Fixed Assets16.1415.0813.8114.5515.2614.0712.7911.4910.459.51
CWIP 0000000000
Investments 0000000000
Inventories4.595.954.593.554.274.933.413.373.383.03
Trade Receivables11.2111.776.845.546.768.434.125.476.966.19
Cash Equivalents 0.390.900.910.780.720.840.010.590.190.01
Others Assets2.712.622.372.402.182.881.511.431.390.99
Total Assets 35.0536.3228.5126.8329.1931.1621.8522.3522.3819.72

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2.557.413.504.112.270.45-0.75-1.271.391.55
PBT 4.19-1.12-1.210.130.04-1.03-0.51-2.15-1.97-0.95
Adjustment -6.863.182.802.412.302.332.402.712.512.47
Changes in Working Capital 0.125.351.921.57-0.07-0.85-2.64-1.830.850.03
Tax Paid 0000000000
Cash Flow From Investing Activity 14.08-0.28-0.12-1.95-0.09-0.020.0600.01-0.02
Capex 14.05-0.32-0.16-2.06-0.19-0.1400-0.04-0.04
Net Investments 0000000000
Others 0.030.030.050.110.100.120.0700.050.02
Cash Flow From Financing Activity -11.57-6.61-3.37-2.29-2.07-0.32-0.141.86-1.79-1.72
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 5.66-1.59-2.06-2.050.661.471.853.25-1.33-0.08
Interest Paid -2.56-1.94-1.42-1.17-1.06-1.12-1.18-1.39-1.47-1.49
Dividend Paid 0000000000
Others -14.67-3.080.110.93-1.68-0.67-0.82-0.011.01-0.14
Net Cash Flow -0.040.510.01-0.130.110.12-0.840.58-0.39-0.18
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)64.69-14.01-17.672.050.45-17.42-8.47-45.34-114.34-332.42
ROCE (%)25.313.871.238.627.630.74.45-4.87-3.574.39
Asset Turnover Ratio1.191.411.391.191.361.181.040.640.991.09
PAT to CFO Conversion(x)-0.61N/AN/A31.6275.67N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days98837568597883125103105
Inventory Days45384345384755885651
Payable Days125117129134103139157207137141

Organic Coatings Ltd Stock News

Organic Coatings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Organic Coatings on 25-Apr-2024 15:31 is ₹12.06.
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 25-Apr-2024 15:31 the market cap of Organic Coatings stood at ₹8.83.
The latest P/E ratio of Organic Coatings as of 25-Apr-2024 15:31 is 0.00.
The latest P/B ratio of Organic Coatings as of 25-Apr-2024 15:31 is -10.02.
The 52-week high of Organic Coatings is ₹13.65 and the 52-week low is ₹5.78.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Organic Coatings is ₹22.90 ( Cr.) .

About Organic Coatings Ltd

Organic Coatings Ltd. came into being on April 22, 1965 under the name of Organic Coatings. They have time and again proved their technical competence and business sense in the manufacture of offset inks, flex graphic inks, gravure inks and allied products having a variety of uses in printing.

Their In-house Research & Development unit has been recognized by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India in 1991. Their R & D team developed the technology for manufacturing security inks used for printing of cheques, ultra violet curing inks used for packaging, flex graphic and gravure inks used for BOPP, polyesters etc.    Understanding their responsibity as a diligent corporate citizen they have formulated environment - friendly water based inks & coatings, which are especially useful for food packaging and meets FDA requirements in terms of quality. They have also developed and commercially marketed specialty products for ITC Ltd., VFC Ltd., etc in bulk.

The company’s inks fulfill all the expectations regarding color consistency, print quality, drying, gloss and rub resistance and other such concerns. They are in constant touch with their customers, ascertaining their requirements and doctoring their inks to perform under different conditions. Their high expectation of their selves and their sensitivity to customer needs is the best guarantee for their products.

Product range of the company includes:

  • Sheet Fed F/C Inks
  • Spot Color & Matching
  • Web O/S Inks
  • U V Inks
  • U V Coatings
  • Water Based Inks
  • Water Based Coatings
  • Sundries & Additives

Achievements/ recognition:

  • TUV Certification
  • Lifetime Achievement Awards  
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