Pratiksha Chemicals Ltd. Stock Analysis

Small Cap

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Dyes & Pigments

Pratiksha Chemicals, a Dhara Group company, was formed as Pratiksha Chemicals Pvt. Ltd. in the year 1991 and started the commercial production of Phthalocyanine Pigment Green 7 with the manufacturing capacity of 110 metric tonnes per annum. In the year 1994, Pratiksha Chemicals Pvt. Ltd. was...

10 Year X-Ray

Standalone basis Standalone basis P Consolidated basis

Analysis of Financial Track Record

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

What is a Financial Track Record? How to read this chart in order to understand the data present here?

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.

Value Creation

	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19
Return on Capital Employed	3.81%	4.44%	6.06%	3.03%	2.67%	1.87%	3.07%	4.82%	2.4%	2.78%

Growth Parameters Growth Parameters Colour Code Guide

Net Sales (Rs. Cr.)	6	8.2	11.1	5.7	6.5	10.2	11	12.7	10.9	11.6
Y-o-Y Gr. Rt.	-	36.9%	36.4%	-48.6%	13.6%	56.3%	8.7%	15.3%	-14.5%	6.4%
Adjusted EPS (Rs.)	0.02	0.13	0.2	0.02	0.02	-0.09	0.03	0.23	0.03	0.01
Y-o-Y Gr. Rt.	-	550%	53.9%	-90%	0%	-550%	NA	666.7%	-87%	-66.7%
Book Value per Share (Rs.)	4.14	4.26	4.47	4.66	4.68	4.72	4.75	5.21	5.26	5.28
Adjusted Net Profit	0	0.1	0.1	0	0	-0.1	0	0.1	0	0
Net Op. Cash Flow (Rs. Cr.)	0.3	0.3	0.7	0.1	0.5	0.3	0.2	1.2	0.7	-0.4
Debt to Cash Flow from Ops	11.39	14.99	4.76	49.32	7.04	10.45	10.38	1.56	2.76	-5.02

Difference between Standalone Basis and Consolidated basis? Which method is preferred for Pratiksha Chemicals Ltd. ?

Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.

Pratiksha Chemicals Ltd. should be analysed on a Standalone basis

CAGR CAGR Colour Code Guide

	9 yrs	5 yrs	3 yrs	1 yr
Net Sales	7.7%	12.3%	1.6%	6.4%
Adjusted EPS	-7.4%	-12.9%	-30.7%	-66.7%
Book Value per Share	2.7	2.4	3.6	0.4
Share Price	12.7%	37.8%	13.8%	276.9%

Key Financial Parameter Performance Ratio Colour Code Guide

	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19
Return on Equity (%)	0.42	2.87	4.42	0.52	0.38	-1.85	0.71	4.68	0.66	0.16
Operating Profit Margin (%)	4.55	7.76	6.89	9.5	8.7	4.86	4.77	2.33	4.35	4.72
Net Profit Margin (%)	0.17	0.85	1	0.24	0.15	-0.48	0.17	1.02	0.18	0.04
Debt to Equity	1.44	1.61	1.27	1.3	1.22	1.11	0.93	0.63	0.65	0.72
Working Capital Days	308	250	186	340	335	217	178	145	168	183
Cash Conversion Cycle	102	103	54	31	135	84	75	54	61	59

Management X-Ray

Shareholding Pattern

Entity	Percentage Holding
Promoters	41.09%
Non-Institutions	58.91%

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

FAQs

1. Is Pratiksha Chemicals a good quality company?

Data is not available for this company.

2. Is current market price of Pratiksha Chemicals a good price to buy it?

The 5-year analysis of Pratiksha Chemicals's performance infers:

Pratiksha Chemicals earnings have declined by -12.9%, whereas share price has appreciated 37.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

3. What Pratiksha Chemicals's share price return in the past 10 years

We analysed the performance of Pratiksha Chemicals share prices over the last 10 years. Here is what we found out:

Pratiksha Chemicals share price has appreciated 7.6% annually over the past ten years.

About Company

In the year 1994, Pratiksha Chemicals Pvt. Ltd. was changed to a public company and was christened as Pratiksha Chemicals Limited. Soon the manufacturing capacity was also increased to 480 metric tonnes per annum.

Today, Pratiksha has a wide

Today, Pratiksha has a wide customer base in USA, Europe, Middle East, Far East and Africa besides the local Indian market dealt by the merchant exporters and also by direct exports. It proudly claims 95% of its sale from repeat orders, which is the result of its determination to give its customers the high quality cost effective product.

The manufacturing facility of the Pratiksha group is located at Sanand, in the suburbs of Ahmedabad. 90% of the yield is exported to the customers spanning across the globe.

The current range of the products manufactured by Pratiksha includes: