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Past 10 year's financial track record analysis by Moneyworks4me indicates that Chemtech Industrial Valves Ltd is a average quality company.
The key valuation ratios of Chemtech Industrial Valves Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Chemtech Industrial Valves Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -0.2% | -8.2% | -5.5% | 6.6% | 7.5% | 6.4% | 9.5% | 7.8% | 1.8% | 14.9% | - |
| Value Creation Index ⓘ | -1.0 | -1.6 | -1.4 | -0.5 | -0.5 | -0.5 | -0.3 | -0.4 | -0.9 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 30.3 | 33.5 | 39.1 | 46.9 | 48.1 | 16.7 | 19.6 | 13.9 | 11.5 | 20.4 | 20 |
| Sales YoY Gr. | - | 10.5% | 16.7% | 20.1% | 2.5% | -65.3% | 17.3% | -28.8% | -17.5% | 77.7% | - |
| Adj EPS ⓘ | -1.4 | -3.1 | -2.5 | 0.1 | 0.2 | 0.2 | 0.8 | 0.6 | -0.5 | 2.2 | 1.9 |
| YoY Gr. | - | NA | NA | NA | 100% | -16.7% | 305% | -25.9% | -183.3% | NA | - |
| BVPS (₹) ⓘ | 11.6 | 8.3 | 5.9 | 6.1 | 6.4 | 6.7 | 7.5 | 8.2 | 7.8 | 10.2 | 21.9 |
| Adj Net Profit ⓘ | -1.6 | -3.6 | -2.8 | 0.1 | 0.3 | 0.2 | 0.9 | 0.7 | -0.6 | 2.5 | 3 |
| Cash Flow from Ops. ⓘ | 1.5 | 1.7 | 0.2 | 3.2 | 4 | 2.4 | 1.9 | 1.3 | 2 | 1.7 | - |
| Debt/CF from Ops. ⓘ | 10.4 | 8.6 | 74.9 | 5 | 3.1 | 4.7 | 6 | 9.7 | 6 | 6.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -4.3% | -15.7% | 1.4% | 77.7% | ||||
| Adj EPS ⓘ | NA | 55% | 38.5% | NA | ||||
| BVPSⓘ | -1.4% | 9.7% | 10.7% | 31.5% | ||||
| Share Price | 25.4% | 74.3% | 160.6% | 393% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -17.9 | -30.6 | -33.3 | 2 | 3.7 | 3 | 11 | 7.4 | -6.1 | 23.3 | 11.9 |
| Op. Profit Mgn % ⓘ | 3.2 | -1.7 | 1.4 | 7 | 6.8 | 14 | 15.5 | 19.8 | 13.9 | 19 | 18.3 |
| Net Profit Mgn % ⓘ | -5.4 | -10.8 | -7.2 | 0.3 | 0.6 | 1.4 | 4.8 | 4.9 | -5 | 12.1 | 13.7 |
| Debt to Equity ⓘ | 1.2 | 1.6 | 2.4 | 2.2 | 1.7 | 1.5 | 1.3 | 1.3 | 1.3 | 0.9 | 0.5 |
| Working Cap Days ⓘ | 138 | 108 | 173 | 174 | 95 | 215 | 187 | 297 | 387 | 233 | 178 |
| Cash Conv. Cycle ⓘ | 81 | 64 | 47 | 26 | 31 | 85 | 69 | 93 | 108 | 47 | 85 |
Return on Equity has increased versus last 3 years average to 11.90%
Net Profit is growing at healthy rate in last 3 years 38.46%
Debt to equity has declined versus last 3 years average to 0.90
Sales growth is good in last 4 quarters at 69.96%
Sales growth has been subdued in last 3 years 1.44%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.9 | - |
| TTM Sales (₹ Cr.) | 20.4 | - |
| BVPS (₹.) ⓘ | 21.9 | - |
| Reserves (₹ Cr.) ⓘ | 17 | - |
| P/BV ⓘ | 6.24 | - |
| PE ⓘ | 71.73 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 23.84 / 136.70 |
| All Time Low / High (₹) | 4.00 / 130.20 |
| Market Cap (₹ Cr.) | 200 |
| Equity (₹ Cr.) | 14.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 76.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 30 | 33 | 39 | 47 | 48 | 17 | 20 | 14 | 11 | 20 |
| Operating Expenses ⓘ | 29 | 34 | 39 | 44 | 45 | 14 | 17 | 11 | 10 | 17 |
| Manufacturing Costs | 1 | 1 | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 3 |
| Material Costs | 26 | 30 | 34 | 39 | 41 | 11 | 11 | 8 | 6 | 11 |
| Employee Cost | 2 | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 2 |
| Other Costs ⓘ | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Operating Profit ⓘ | 1 | -1 | 1 | 3 | 3 | 2 | 3 | 3 | 2 | 4 |
| Operating Profit Margin (%) | 3.0% | -2.2% | 1.4% | 6.9% | 6.8% | 14.0% | 15.5% | 19.7% | 13.8% | 19.0% |
| Other Income ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest ⓘ | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -1 | -4 | -3 | 0 | 0 | 0 | 1 | 1 | -1 | 3 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -2 | -4 | -3 | 0 | 0 | 0 | 1 | 1 | -1 | 3 |
| PAT Margin (%) | -5.5% | -11.3% | -7.2% | 0.2% | 0.7% | 1.4% | 5.0% | 4.9% | -4.9% | 13.7% |
| Adjusted EPS (₹) | -1.5 | -3.3 | -2.5 | 0.1 | 0.3 | 0.2 | 0.9 | 0.6 | -0.5 | 2.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 14 | 10 | 7 | 7 | 8 | 8 | 9 | 10 | 9 | 12 |
| Share Capital ⓘ | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 2 | -2 | -4 | -4 | -4 | -4 | -3 | -2 | -2 | 1 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 15 | 14 | 15 | 15 | 11 | 10 | 10 | 11 | 10 | 9 |
| Long Term Debt | 10 | 9 | 10 | 10 | 9 | 9 | 8 | 11 | 10 | 9 |
| Short Term Debt | 5 | 5 | 5 | 5 | 1 | 1 | 1 | 0 | 0 | 0 |
| Trade Payables | 4 | 2 | 24 | 8 | 2 | 3 | 2 | 3 | 4 | 4 |
| Others Liabilities ⓘ | 3 | 3 | 3 | 4 | 5 | 4 | 3 | 3 | 4 | 3 |
| Total Liabilities ⓘ | 35 | 28 | 49 | 34 | 25 | 25 | 24 | 27 | 27 | 28 |
Fixed Assets | ||||||||||
| Gross Block | 18 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 23 |
| Accumulated Depreciation | 2 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| Net Fixed Assetsⓘ | 16 | 18 | 17 | 16 | 15 | 14 | 13 | 12 | 12 | 12 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 4 | 3 | 3 | 2 | 2 | 3 | 4 | 3 | 4 | 3 |
| Trade Receivables | 7 | 4 | 27 | 10 | 5 | 3 | 2 | 5 | 3 | 6 |
| Cash Equivalents | 7 | 2 | 2 | 2 | 1 | 0 | 1 | 2 | 3 | 2 |
| Others Assetsⓘ | 1 | 1 | 0 | 3 | 3 | 4 | 3 | 5 | 6 | 6 |
| Total Assets ⓘ | 35 | 28 | 49 | 34 | 25 | 25 | 24 | 27 | 27 | 28 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | 2 | 0 | 3 | 4 | 2 | 2 | 1 | 2 | 2 |
| PBT ⓘ | -1 | -4 | -3 | 0 | 0 | 0 | 1 | 1 | -1 | 3 |
| Adjustment ⓘ | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 1 |
| Changes in Working Capital ⓘ | 0 | 2 | -0 | -0 | 1 | -0 | -1 | -2 | 0 | -3 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1 | -3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capex | -1 | -3 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 6 | -3 | 0 | -3 | -6 | -3 | -1 | -1 | 0 | -2 |
| Net Proceeds from Shares ⓘ | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 1 | -1 | 1 | -1 | 0 | -1 | 0 | 2 | 0 | -1 |
| Interest Paid ⓘ | -2 | -2 | -2 | -2 | -2 | -1 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -4 | 0 | 0 | 0 | -3 | 0 | 0 | -1 | 2 | 0 |
| Net Cash Flow ⓘ | 6 | -4 | 0 | 0 | -2 | 0 | 1 | 0 | 1 | -1 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -19.06 | -33.11 | -34.56 | 1.68 | 4.46 | 3.1 | 11.91 | 7.56 | -6.11 | 27 |
| ROCE (%) | 3.2 | -6.09 | -2.32 | 10.07 | 10.95 | 7.64 | 11.71 | 9.74 | 3.58 | 18.13 |
| Asset Turnover Ratio | 0.99 | 1.07 | 1.03 | 1.15 | 1.63 | 0.67 | 0.8 | 0.54 | 0.43 | 0.74 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | 2 | 1 | N/A | 0.67 | Working Capital Days |
| Receivable Days | 63 | 61 | 142 | 141 | 56 | 87 | 54 | 100 | 122 | 79 |
| Inventory Days | 62 | 37 | 27 | 20 | 17 | 60 | 70 | 90 | 98 | 54 |
| Payable Days | 51 | 39 | 138 | 152 | 47 | 84 | 87 | 122 | 204 | 127 |
Chemtech Industrial Valves was founded in the year 1997 by Pradeep Badkur and Ignatious Inasu. The company’s manufacturing operation commenced in 1997 at Nirmal Ashish Industrial Estate, Asangaon. Starting with two galas, in the year 2007 the company’s facilities were spread over five galas with an outshed. To consolidate the company’s operations, operations were moved to the state-of-the-art manufacturing unit located at Wada, Maharashtra, which was acquired by the company in the year 2012.
The company has received industry and client recognition by way of specific accreditations and certifications which bear a testimonial to its capability to deliver and supply its products to a wide range of customers. The company has obtained ISO-9001:2008 certification for quality management system issued by SWISS CERT. Moreover, the company has been granted the status of an “Approved Manufacturerâ€, “Approved Supplierâ€, or “Approved Vendor†by several leading steel companies, oil & gas companies, fertilizer companies and engineering consultants. Further, several of the company’s product lines and products have been tested and approved by leading companies for supply to them.
The company is a manufacturer of high quality valves. It has international standard facilities at Wada, to suit most of the piping related requirements. Most of its valves are tailor made to meet its customers’ specific requirements. The company works in close tandem with its clients to match the valves to their most complex applications. The company’s valves have proved suitable, right from providing 3 millisec cycling time, to the most secure Safety Valves for the utmost critical requirements. Many of its design innovations have been the direct result of working closely with the company’s customers’ to solve difficult applications at their end.
The company’s manufacturing facility is spread over an area of approximately 12000 sq mts and is equipped with standard machines suitable for carrying out the manufacturing operations smoothly and efficiently. The company’s products are supplied under the brand “CHEMTECH†to its customers in India and abroad. The company took up the business of trading in steel wire rods in the year 2012-13.
Business area of the company
The company is engaged in the business of manufacturing carbon steel and stainless steel industrial valves of various types & sizes ranging from 15mm up to 4000mm. The company manufactures and supplies various types of ball, butterfly, globe, gate and check valves and have a significant customer base in the steel industry.
It also supplies products to customers in the oil and gas (including petro-chemical) industry, infrastructure (including pipelines), process industries (including pharmaceuticals, chemicals, intermediaries and fertilizers), nuclear space and defence industry.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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