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Vinyl Chemicals India Ltd. Stock Analysis

Small Cap
Evaluated by 592 users | BSE: 524129 | NSE: VINYLINDIA |
Trading
Vinyl Chemicals India, incorporated in 1986, is part of the Parekh Group. The company is in the business of selling various speciality chemicals, mainly to textile, paints and adhesive sectors.Vinyl Acetate Monomer (VAM) was manufactured in the plant located at Mahad in Raigad District,...

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 49.38%51.89%44.32%48.03%48.91%26.29%13.43%25.03%27.77%21.07%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 157211244293442335293375483372
Y-o-Y Gr. Rt.-34.5%15.2%20.2%50.8%-24.1%-12.7%28.2%28.7%-22.9%
Adjusted EPS (Rs.) 2.974.144.426.128.145.573.337.098.726.94
Y-o-Y Gr. Rt.-39.4%6.8%38.5%33%-31.6%-40.2%112.9%23%-20.4%
Book Value per Share (Rs.) 6.728.7511.0513.9618.8923.1326.0630.2632.1933.35
Adjusted Net Profit 5.57.68.111.214.910.26.1131612.7
Net Op. Cash Flow (Rs. Cr.) -8-4.37.12.20.534.1-7.1-2.7-21.251.2
Debt to Cash Flow from Ops -0.06-0.120.070.221.030.01-0.07-0.18-0.020.01
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.
Vinyl Chemicals India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 10.1%-3.4%8.4%-22.9%
Adjusted EPS 9.9%-3.1%27.7%-20.4%
Book Value per Share 19.5128.63.6
Share Price 28.9% 11.5% 7.5% 49.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 50.9953.5544.6848.9549.5426.513.5325.1627.9221.19
Operating Profit Margin (%) 4.845.274.975.665.094.293.264.934.924.09
Net Profit Margin (%) 3.473.593.333.833.383.042.083.463.313.42
Debt to Equity 0.040.030.020.020.010.010.010.010.010.01
Working Capital Days 898281957797100104107117
Cash Conversion Cycle -21317151460192618
Entity Percentage Holding
Promoters 50.62%
Institutions 0.24%
Non-Institutions 49.14%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

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

Vinyl Chemicals earnings have declined by -3.1%, whereas share price has appreciated 11.5% 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.

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

Vinyl Chemicals share price has appreciated 18.9% annually over the past ten years.

Vinyl Chemicals India, incorporated in 1986, is part of the Parekh Group. The company is in the business of selling various speciality chemicals, mainly to textile, paints and adhesive sectors.

Vinyl Acetate Monomer (VAM) was manufactured in the plant located at Mahad in Raigad District, Maharashtra, and was sold all over the world. The company had a major share of business of this product in India. In December, 2007 the plant was de-merged to resultant parent company Pidilite Industries

Vinyl Chemicals India, incorporated in 1986, is part of the Parekh Group. The company is in the business of selling various speciality chemicals, mainly to textile, paints and adhesive sectors.

Vinyl Acetate Monomer (VAM) was manufactured in the plant located at Mahad in Raigad District, Maharashtra, and was sold all over the world. The company had a major share of business of this product in India. In December, 2007 the plant was de-merged to resultant parent company Pidilite Industries for strategic reasons.

However, the company's main focus has remained in the product ‘Vinyl Acetate Monomer’ (VAM).

It has a major presence in the field of trading of various speciality chemicals all over the world.

The company's registered office is located at 6-10, Haji Moosa Patrawala Industrial Estate 20, Dr E Moses Road, Mahalaxmi, Mumbai 400011.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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