Chordia Food Products Ltd - Stock Valuation and Financial Performance

BSE: 519475 | NSE: | Consumer Food | Small Cap

Chordia Food Prod Share Price

83 -3.00 -3.49%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Chordia Food Prod

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Chordia Food Products stock performance -

mw4me loader
P/E Ratio (SA):
53.67
Market Cap:
33.4 Cr.
52-wk low:
59.6
52-wk high:
115

Is Chordia Food Products Ltd an attractive stock to invest in?

1. Is Chordia Food Products Ltd a good quality company?

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

2. Is Chordia Food Products Ltd undervalued or overvalued?

The key valuation ratios of Chordia Food Products Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Chordia Food Products Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Chordia Food Products 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 Chordia Food Prod:

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.
Chordia Food Products 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 % 6.4%4.9%3.6%0.6%9%6.7%2.7%2.5%0.4%1.8%-
Value Creation
Index
-0.5-0.7-0.7-1.0-0.4-0.5-0.8-0.8-1.0-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3539.641.351.959.260.665.576.32.62.93
Sales YoY Gr.-13.2%4.3%25.6%14%2.4%8.1%16.6%-96.6%9.6%-
Adj EPS 5.64.11.7-2.4105.21.91.5-0.10.41.6
YoY Gr.--25.7%-58%-239.1%NA-48%-64.2%-18.2%-106.5%NA-
BVPS (₹) 104115.1116.8108.5106.686.688.59036.334.135.6
Adj Net
Profit
1.71.20.5-0.732.10.80.600.21
Cash Flow from Ops. 1.736.92.825.73.8-0.51.52.2-
Debt/CF from Ops. 4.92.21.32.95.31.21.3-16.21.10.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -24.3%-45.4%-64.8%9.6%
Adj EPS -25%-47%-39.2%NA
BVPS-11.7%-20.4%-27.2%-6%
Share Price 8.8% -11.4% -4.7% -8.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.53.81.5-2.29.26.22.11.7-0.21.24.5
Op. Profit
Mgn %
11.28.56.33.7129.85.54.340.944.556
Net Profit
Mgn %
4.73.11.3-1.45.13.51.20.8-1.55.919.7
Debt to
Equity
0.30.20.30.30.30.20.10.20.10.1-
Working Cap
Days
2763143252601981641471352,400346251
Cash Conv.
Cycle
6855574979115102791,13196172

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.40%

Sales growth is good in last 4 quarters at 13.42%

Sales growth has been subdued in last 3 years -64.78%

Latest Financials - Chordia Food Products Ltd.

Standalone Consolidated
TTM EPS (₹) 1.6 -7.6
TTM Sales (₹ Cr.) 3.2 91.7
BVPS (₹.) 35.6 0
Reserves (₹ Cr.) 10 27
P/BV 2.33 0.00
PE 53.67 0.00
From the Market
52 Week Low / High (₹) 59.63 / 115.00
All Time Low / High (₹) 8.50 / 230.20
Market Cap (₹ Cr.) 33.4
Equity (₹ Cr.) 4
Face Value (₹) 10
Industry PE 65.3

Management X-Ray of Chordia Food Prod:

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 Chordia Food Prod

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
Sales34.9739.6041.3251.9059.1560.5865.4876.322.612.86
Operating Expenses 31.0636.2238.7349.9852.0754.6661.8673.071.551.59
Manufacturing Costs2.733.493.752.803.383.925.486.220.660.60
Material Costs20.2323.1022.8632.1933.373638.2452.6600
Employee Cost 3.013.123.454.056.485.825.846.310.390.39
Other Costs 5.106.528.6610.948.848.9212.307.890.500.59
Operating Profit 3.913.382.591.937.085.923.633.251.071.27
Operating Profit Margin (%) 11.2%8.5%6.3%3.7%12.0%9.8%5.5%4.3%40.9%44.5%
Other Income 0.270.240.800.040.080.060.060.0400.03
Interest 0.951.041.451.401.111.040.540.650.220.16
Depreciation 0.890.851.171.292.082.082.081.750.890.89
Exceptional Items 02.9400000000
Profit Before Tax 2.354.670.77-0.723.982.861.070.89-0.040.25
Tax 0.691.380.2500.970.790.320.2800.06
Profit After Tax 1.663.290.52-0.723.012.080.750.62-0.040.19
PAT Margin (%) 4.7%8.3%1.3%-1.4%5.1%3.4%1.1%0.8%-1.5%6.7%
Adjusted EPS (₹)5.611.01.7-2.410.15.21.91.5-0.10.5
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 31.0134.3034.8132.3431.7834.9035.6636.2714.6213.74
Share Capital 2.982.982.982.982.984.034.034.034.034.03
Reserves 28.0231.3231.8329.3628.8030.8731.6332.2410.599.71
Minority Interest0000000000
Debt8.516.738.948.2310.4674.436.620.880.16
Long Term Debt0000002.111.570.880.16
Short Term Debt8.516.738.948.2310.4672.315.0600
Trade Payables2.524.415.896.485.113.554.033.780.020.06
Others Liabilities 2.692.771.541.683.602.263.144.581.252.36
Total Liabilities 44.7348.2051.1948.7450.9447.7147.2551.2516.7816.32

Fixed Assets

Gross Block21.5121.2923.4824.8438.9839.1639.2340.8023.2823.30
Accumulated Depreciation10.5310.2111.3412.6317.3519.2221.3022.8410.2511.14
Net Fixed Assets10.9811.0812.1312.2121.6319.9417.9217.9613.0212.16
CWIP 0000000.50000
Investments 0.020.020.020.020.030.030.040.030.010.01
Inventories7.578.7412.3211.9111.3711.2614.2513.5600
Trade Receivables2.042.302.142.4114.2111.537.806.870.770.86
Cash Equivalents 1.201.471.160.520.641.512.222.070.561.93
Others Assets22.9124.6023.4121.673.063.454.5110.752.421.37
Total Assets 44.7348.2051.1948.7450.9447.7147.2551.2516.7816.32

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.7436.942.831.975.663.82-0.491.462.21
PBT 2.351.730.77-0.723.012.080.750.62-0.040.25
Adjustment 1.841.892.622.693.183.032.622.321.111.05
Changes in Working Capital -0.81-1.145.260.86-4.220.560.45-3.430.391.08
Tax Paid -0.69-1.38-0.25000000-0.17
Cash Flow From Investing Activity -12.45-0.95-9.46-1.37-0.38-0.38-0.58-1.28-0.01-0.02
Capex -12.45-0.95-9.46-1.37-0.39-0.38-0.57-1.28-0.01-0.02
Net Investments 00000.010-0.01000
Others 0000000000
Cash Flow From Financing Activity 5.02-1.792.22-2.11-1.54-4.41-2.531.62-2.32-0.82
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000-0.55-2.10-0.66
Interest Paid 000-1.40-1.11-0.95-0.54-0.58-0.22-0.16
Dividend Paid 0000000000
Others 5.02-1.792.22-0.71-0.43-3.46-1.992.7400
Net Cash Flow -5.690.27-0.30-0.650.060.870.71-0.15-0.861.37
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.510.081.5-2.159.396.222.131.72-0.161.35
ROCE (%)9.114.175.231.612.139.163.93.640.62.68
Asset Turnover Ratio0.850.850.831.041.191.241.381.590.080.17
PAT to CFO Conversion(x)1.050.9113.35N/A0.652.725.09-0.79N/A11.63
Working Capital Days
Receivable Days2020201651775434534104
Inventory Days797593857168716500
Payable Days435582706344362700

Chordia Food Products Ltd Stock News

Chordia Food Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Chordia Food Prod on 28-Mar-2024 16:01 is ₹83.00.
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 28-Mar-2024 16:01 the market cap of Chordia Food Prod stood at ₹33.43.
The latest P/E ratio of Chordia Food Prod as of 28-Mar-2024 16:01 is 53.67.
The latest P/B ratio of Chordia Food Prod as of 28-Mar-2024 16:01 is 2.33.
The 52-week high of Chordia Food Prod is ₹115.0 and the 52-week low is ₹59.63.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Chordia Food Prod is ₹3.17 ( Cr.) .

About Chordia Food Products Ltd

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
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