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Chordia Food Products Ltd Stock Analysis

Small Cap
Evaluated by 140 users | BSE: 519475 | NSE: |
Consumer Food
Chordia Food Products ( CFPL ) had its humble beginnings in 1960.The Company started with manufacturing small quantities of pickles and spices at home. It went on to become a generic name for pickles in Maharashtra and neighboring states. Gradually, it became a leading manufacturer of Tomato...

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 8.42%8.19%7.25%6.42%4.87%3.62%0.61%8.99%6.65%2.81%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 30.628.631.53539.641.351.959.260.665.5
Y-o-Y Gr. Rt.--6.6%10.2%11.1%13.2%4.3%25.6%14%2.4%8.1%
Adjusted EPS (Rs.) 6.376.925.795.574.141.74-2.4210.045.221.87
Y-o-Y Gr. Rt.-8.6%-16.3%-3.8%-25.7%-58%-239.1%NA-48%-64.2%
Book Value per Share (Rs.) 83.4390.3198.47104.04115.08116.82108.51106.6486.6488.51
Adjusted Net Profit 1.92.11.71.71.20.5-0.732.10.8
Net Op. Cash Flow (Rs. Cr.) 2.5-0.33.41.736.92.825.73.8
Debt to Cash Flow from Ops 1.59-17.061.034.882.241.292.915.31.241.31
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.
Chordia Food Products Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.8%10.6%8.1%8.1%
Adjusted EPS -12.7%-14.7%NA-64.2%
Book Value per Share 0.7-5.1-6.62.2
Share Price 11.5% 2% -3.5% 60.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 7.937.976.135.53.781.5-2.159.186.212.13
Operating Profit Margin (%) 13.5314.3211.6711.188.546.273.7211.979.845.61
Net Profit Margin (%) 6.217.225.484.743.111.25-1.395.063.471.15
Debt to Equity 0.160.180.120.270.20.260.250.330.20.14
Working Capital Days 196237240276314325260198164147
Cash Conversion Cycle 7986726855574979115102
Entity Percentage Holding
Promoters 72.34%
Non-Institutions 27.66%
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 Chordia Food Products Ltd's performance infers:

Chordia Food Products Ltd earnings have declined by -14.7%, whereas share price has appreciated 2% 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 Chordia Food Products Ltd share prices over the last 10 years. Here is what we found out:

Chordia Food Products Ltd share price has appreciated 9.4% annually over the past ten years.

Chordia Food Products ( CFPL ) had its humble beginnings in 1960.The Company started with manufacturing small quantities of pickles and spices at home. It went on to become a generic name for pickles in Maharashtra and neighboring states. Gradually, it became a leading manufacturer of Tomato ketchups under the brand names: “Pravin”, “Navin” and “Toofan”. Strict quality control procedures are implement at various stages of processing to ensure that the best

Chordia Food Products ( CFPL ) had its humble beginnings in 1960.The Company started with manufacturing small quantities of pickles and spices at home. It went on to become a generic name for pickles in Maharashtra and neighboring states. Gradually, it became a leading manufacturer of Tomato ketchups under the brand names: “Pravin”, “Navin” and “Toofan”. Strict quality control procedures are implement at various stages of processing to ensure that the best quality products leave the factories.

One of its kinds in Maharashtra has been conceptualized by the Chordia Group and is set at Shirwal in Maharashtra, 55 kms from Pune, on the Bangalore Highway. Apart from Shirwal, they also have factory unit at Chennai & Dharvad at Karnataka. The Park is equipped with state-of-the-art infrastructure and the most modern technology to cater to the food processing industry. Every need of the manufacture will now be taken care of under one roof.

The products have largely been accepted in the Domestic and International Market. With state of the art manufacturing units at 3 different states viz. Maharashtra, Karnataka & Tamil Nadu theyalso have a well oiled Sales & Distribution Network.

The ambitious new project Chordia Food Park saw the light of the day in the year 2002. Since then it has started many new units. It will soon be entering the Frozen Food Market with a big bang.

The quality policy of CFPL has customers & business associates as two of the main points. It says that CFPL will assure that “Customer Satisfaction” would be of prime importance that would be the main factor towards which all its efforts would be directed. All dealings with business partners would project an approach of fairness & of mutual respect.

Product range of the company includes:

  • Domerstic Products
  • Pickels
  • Ketchups & Sauces
  • Instant Mixes
  • Regional Receipes
  • Other Products

Export Products

  • Vegetables
  • Amla
  • Arvi
  • Bhindi
  • Chauri
  • Choluga
  • Coconut Shredded
  • Drumsticks
  • DumAloo
  • French Beans
  • Goovar
  • Green Chilli
  • Green Garlic
  • Green Peas
  • Green Jackfruit
  • Kantola
  • KarelaMethi
  • Mix Vegetable
  • Mogri
  • Palak
  • Parval
  • Punjabi Tinda
  • Ratalu
  • Red Chilli
  • Red Onion
  • Sarson ka Saag
  • Snake Gourd
  • Suran
  • Surti Papadi Lilva
  • Surti PapdiUndhiu
  • Tandal Jo No Bhaji
  • Tindora
  • Toovar Lilva
  • Vator 

Pickles

  • Mango
  • Lime
  • Mixed
  • Green Chilli
  • Lime - Green Chilli

Indian Ethenic Food

  • Chunda
  • Murabba
  • Mango Dices

Achievements/ recognition:

  • Year 1992,1993 – All India Mango Show, Mumbai – 4 awards
  • Year 1993 – First in All India Citrus Show.
  • Year 1996 - All India Mango Show, Bangalore – 4 awards.
  • Year 1997 – All India Mango Show, Lucknow
  • Year 1998 – Highest Recognition from Indian Institute of Packaging, Mumbai.
  • Year 1998 – Certificate of Merit, APEDA.
  • Year 1999 – All India Mango Show, Indore – 3 awards.
  • Year 1999 & 2003 – National Productivity Award.
  • Year 2000 & 2003 – Rajiv Gandhi National Quality Award.
  • Year 2002 – ISO 9001-2000 & HACCP Certification
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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