Sabero Organics Gujarat Ltd.(Amalgamated) Stock Analysis

BSE: 524446 | NSE: SABERORGAN | Pesticides & Agrochemicals | Small Cap

BSE Share Price
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DeciZen - Make an Informed Decision on Sabero Organics Guj.

Overall Rating
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2. Valuation

Undervalued
P/E P/S EV/EBITDA

3. Price Trend

FAQ's

1. Is Sabero Organics Gujarat Ltd.(Amalgamated) a good quality company?

Data is not available for this company.

2. Is Sabero Organics Gujarat Ltd.(Amalgamated) undervalued or overvalued?

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3. Is Sabero Organics Gujarat Ltd.(Amalgamated) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sabero Organics Gujarat Ltd.(Amalgamated) is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sabero Organics Guj.:

Analysis of Financial Track Record

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.

Value Creation

Value Creation Index Colour Code Guide
Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14TTM
ROCE % 10%6.3%7.8%13.8%32.8%28.5%7.7%-13.2%8.9%14.1%-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 117138154196367430411358515720786
YoY Gr. Rt. %-17.9%12.1%27.1%87%17.4%-4.5%-12.8%43.6%39.9%-
Adj EPS 1.30.2-0.11.410.1112.3-17.22.210.18.6
YoY Gr. Rt. %--85.7%-173.7%NA643.4%8.6%-78.8%-838.2%NA350.5%-
BVPS (₹) 13.515.915.817.52533.837.119.121.331.137.8
Adj Net Profit 2.80.5-0.4429.537.17.9-58.37.634.229
Cash Flow from Ops. 7.1-5.115.131.836.311.75.27.8-18.88.2-
Debt/CF from Ops. 8.1-11.74.11.62.1731.928.1-15.439.4-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 22.4%14.5%20.6%39.9%
Adj EPS 25.3%-0%63%350.5%
BVPS 9.74.5-5.745.9
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14TTM
Return on Equity % 10.41.3-0.98.447.639.56.6-61.211.138.525
Op. Profit Mgn % 10.89.81112.716.919.18.5-8.79.310.910.6
Net Profit Mgn % 2.40.3-0.228.18.61.9-16.31.54.73.7
Debt to Equity 2.11.51.4110.71.33.443.10.2
Working Cap Days 129145161143107124158202174164159
Cash Conv. Cycle 17304213-611626345690

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

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

Latest Financials - Sabero Organics Gujarat Ltd.(Amalgamated)

Standalone Consolidated
TTM EPS (₹) 8.6 8.3
TTM Sales (₹ Cr.) 786 790
BVPS (₹.) 37.8 36.7
Reserves (₹ Cr.) 94 91
P/BV 4.64 4.76
PE 20.36 21.22
From the Market
52 Week Low / High (₹) 172.25 / 178.75
All Time Low / High (₹) 1.40 / 206.90
Market Cap (₹ Cr.) 593
Equity (₹ Cr.) 33.9
Face Value (₹) 10
Industry PE 48.7

Management X-Ray of Sabero Organics Guj. :

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

Analyst's Notes

News

About Sabero Organics Gujarat Ltd.(Amalgamated)

Sabero Organics Gujarat (SABERO) was established in the year 1991 to manufacture specialty chemicals and intermediates for the crop protection business. Sabero then forward integrated in 1997 into manufacturing crop protection chemicals.  In order to have a diversified portfolio, Sabero chose one or two key products in each sector such as Acephate and Monocrotophos (Insecticides), Glyphosate (Herbicide) and Mancozeb (Fungicide).

As the company was already manufacturing some of the intermediates for these products, it excelled in the technology for manufacturing organophosphorus and dithiocarbamate products.  Apart from sales of unbranded technical and formulations, the Company also established in 1997 its business of branded agrochemical formulations.

It launched a full range of products, which included in addition to its own technical based product, other products such as Ethephon, Cypermethrin, Chlorpyriphos, Dichlorvos, Profenofos, Triazophos, Propiconazole, Hexconazole etc. The company went public in the year 1994 through an IPO (Initial Public Offer), which was followed up by a Rights Issue in 1997, and is today a listed Company on the Bombay Stock Exchange and National Stock Exchange in India. 

Sabero has made a substantial investment in data generation on products at various GLP laboratories both in India and Europe and has registered its products in various countries. Comprehensive registrations dossiers are available for all the company's core products. The Company currently has distributors in various countries and exports its products to over 50 countries covering Australia, Asia, Africa, Europe, Middle East and the Americas. In order to facilitate the registration of its products and provide better customer service, the company has recently set up subsidiaries in Australia, Argentina, Netherlands and Brazil.

 Sabero has an extensive manufacturing facility with state-of-the-art sophisticated equipments and PLC based process control with an asset base of over USD 25 million. The Company is a signatory to the Responsible Care Program and has extensive facilities for treatment of all wastes to meet statutory environmental standards. Sabero has a state-of-the-art R & D center and pilot plant with sophisticated analytical equipment and well qualified dedicated research fellows and scientists for the continuous improvement of existing products and the development of new ones. The R & D facilities of the Company are approved by the Indian Regulatory agency called CSIR - Council of Scientific and Industrial Research.

All the existing products manufactured by the Company have been developed by Sabero in its in-house R & D. Further developmental work is being done on new generics, which will be shortly going off patent, including insecticides, herbicides, fungicides and intermediates so that they are in a position to be a primary generic supplier.  Sabero has succeeded due to a combination of factors.

A winning formula that we call 'The right chemistry at work'. At Sabero, their social concerns also extend to the entire society and community in which they live. In pursuing this goal, the company has organized various social and developmental programs at its community center and in the neighboring villages involving activities such as blood donation camps, free medical aid, scholarships to students, beautification of railway stations, providing wheel chairs for the handicapped, planting trees.

In 2010 Commenced branded formulation business in Europe and Brazil. Also, Sabero Organics receives registration for Glyphosate in France and Mancozeb in Brazil.

The company works under three divisions:

  • Specialty Chemicals & Intermediates (SC&I).
  • Agrochemical Active Ingredients (AAI) and
  • Agrochemical Formulations (AF).

Product range of the company includes:

Specialty Chemicals & Intermediate products:-

  • Tri Ethyl Phosphite
  • Tri Methyl Phosphite
  • Di Ethyl Thio Phosphoryl Chloride
  • Phosphorus Tri Chloride
  • Phosphorus Thiochloride
  • Phosphorus Pentasulphide (P2S5)
  • N - (Phosphonomethyl) Iminodiacedic Acid (PMIDA)
  • Dimethyl Phosphite (DMP)
  • Diethyl Phosphite (DEP)
  • Di Methyl Methyl Phosphonate (DMMP)
  • Di Ethyl Ethyl Phosphonate (DEEP)
  • Tri Phenyl Phosphite (TPP)
  • Hydroxy Ethyledene Phsophonic Acid (HEDP)
  • O, O Di Methyl Thio Phosphoryl Chloride (DMTC)
  • Phosphorus Oxychloride (POCl3)

Agrochemical Active Ingredients (AAI):

  • Mancozeb 75 % WP
  • Mancozeb 80 % WP
  • Mancozeb 75% WDG (DF)
  • Blue Green Mancozeb 80% WP
  • Blue-Green Mancozeb 72 % WP
  • Red Mancozeb - 60% WP
  • Red Mancozeb - 80% WP
  • Mancozeb 420 G/L SE(Oil Based) OR SC (Water Based)
  • Mancozeb 430 GM/L SC
  • Mancozeb 430 GM/L SE
  • Mancozeb 450 G/L SC (Water Based)
  • Mancozeb 455 G/L SC (Water Based)
  • Mancozeb 448 G/L SC (Water Based)
  • Mancozeb 33% SC
  • Mancozeb 33% SC
  • Mancozeb 33.5% SC
  • Mancozeb 600 G/L OS
  • Mancozeb 125 G/L OS
  • Glyphosate-IPA 41 % SL
  • Glyphosate-Ammonium 72% DF
  • Acephate 97 % SG with very low odour
  • Acephate 95 % SG with low odour
  • Acephate 75 % SP
  • Acephate 42.5 % SP
  • Acephate 42.5 % SP
  • Monocrotophos 40% SL
  • Chlorpyrifos 40% EC
  • Cypermethrin - 10% EC

Agrochemical Formulations (AF):

  • Mancozeb Technical
  • Glyphosate Technical
  • Glyphosate-IPA 62 %
  • Acephate 97 % Technical With Low Odour
  • Monocrotophos Technical
  • Chlorpyriphos - 97% Technical
  • Cypermethrin Technical

Achievements/ recognition:

  • An ISO 14001-1996 certified organisation
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