Vinyl Chemicals (India) Ltd - Stock Valuation and Financial Performance

BSE: 524129 | NSE: VINYLINDIA | Trading | Small Cap

Vinyl Chemicals Share Price

412.25 0.25 0.06%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Vinyl Chemicals

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Vinyl Chemicals (India) stock performance -

mw4me loader
P/E Ratio (SA):
34.62
Market Cap:
756.2 Cr.
52-wk low:
309
52-wk high:
518.4

Is Vinyl Chemicals (India) Ltd an attractive stock to invest in?

1. Is Vinyl Chemicals (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vinyl Chemicals (India) Ltd is a good quality company.

2. Is Vinyl Chemicals (India) Ltd undervalued or overvalued?

The key valuation ratios of Vinyl Chemicals (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Vinyl Chemicals (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Vinyl Chemicals (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Vinyl Chemicals:

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.
Vinyl Chemicals (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 48.9%26.3%13.4%25%27.8%21.1%20.4%46.3%41%18.4%-
Value Creation
Index
2.50.90.00.81.00.50.52.31.90.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4423352933754833724048651,013597597
Sales YoY Gr.--24.1%-12.7%28.2%28.7%-22.9%8.6%114.1%17%-41%-
Adj EPS 8.15.63.37.18.76.97.220.82311.611.9
YoY Gr.--31.6%-40.2%112.9%23%-20.4%4.2%187.8%10.5%-49.7%-
BVPS (₹) 18.923.126.130.332.233.437.152.461.863.763.7
Adj Net
Profit
14.910.26.1131612.713.338.242.221.222
Cash Flow from Ops. 0.534.1-7.1-2.7-21.251.210.616.8-20.536.2-
Debt/CF from Ops. 10-0.1-0.2-000.10.1-00-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.4%4.3%13.9%-41%
Adj EPS 4%5.8%17%-49.7%
BVPS14.5%14.6%19.7%3%
Share Price 32.2% 41.7% 36.5% -18%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
49.526.513.525.227.921.220.546.540.318.518.7
Op. Profit
Mgn %
5.14.33.34.94.94.14.45.95.74.74.7
Net Profit
Mgn %
3.432.13.53.33.43.34.44.23.63.7
Debt to
Equity
00000000000
Working Cap
Days
7797100104107117138644312072
Cash Conv.
Cycle
1460192618-3-6113330

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.89%

Net Profit is growing at healthy rate in last 3 years 16.97%

Return on Equity has declined versus last 3 years average to 18.70%

Sales growth is not so good in last 4 quarters at -24.79%

Latest Financials - Vinyl Chemicals (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 11.9 -
TTM Sales (₹ Cr.) 597 -
BVPS (₹.) 63.7 -
Reserves (₹ Cr.) 115 -
P/BV 6.48 -
PE 34.62 -
From the Market
52 Week Low / High (₹) 309.00 / 518.35
All Time Low / High (₹) 2.40 / 952.10
Market Cap (₹ Cr.) 756
Equity (₹ Cr.) 1.8
Face Value (₹) 1
Industry PE 75.1

Management X-Ray of Vinyl Chemicals:

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 Vinyl Chemicals

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4423352933754833724048651,013597
Operating Expenses 424326283361472366390821966572
Manufacturing Costs0000000000
Material Costs414315277352454352381807945561
Employee Cost 2233334665
Other Costs 8846151058155
Operating Profit 18991410614444725
Operating Profit Margin (%) 4.0%2.8%3.2%3.8%2.2%1.7%3.4%5.1%4.6%4.2%
Other Income 1344441224
Interest 0000000010
Depreciation 0000000000
Exceptional Items 0000000000
Profit Before Tax 19121318141015474830
Tax 645653412128
Profit After Tax 1289129711353622
PAT Margin (%) 2.8%2.4%3.0%3.1%1.8%2.0%2.8%4.0%3.5%3.7%
Adjusted EPS (₹)6.74.44.86.44.84.16.219.019.411.9
Dividend Payout Ratio (%)22%34%38%38%50%59%61%53%51%57%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3542485559616896113117
Share Capital 2222222222
Reserves 3341465457596694111115
Minority Interest0000000000
Debt0000000100
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables60765311178921965756181
Others Liabilities 91312917211211713
Total Liabilities 104132113176155156275175187311

Fixed Assets

Gross Block0000000011
Accumulated Depreciation0000000000
Net Fixed Assets0000000011
CWIP 0000000000
Investments 945393424755784057
Inventories382518556648735385120
Trade Receivables4849467864461111131106
Cash Equivalents 3112101212126
Others Assets61210713325312921
Total Assets 104132113176155156275175187311

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 034-7-3-21511117-2036
PBT 19121318141015474830
Adjustment -1-4-3-40-40-2-1-4
Changes in Working Capital -1130-13-11-3050-1-19-5516
Tax Paid -6-4-5-6-5-5-3-9-11-6
Cash Flow From Investing Activity -3-3310834-44-6-2140-14
Capex 00000000-10
Net Investments -3-3310834-44-6-2140-14
Others 0000000000
Cash Flow From Financing Activity -2-3-3-4-5-5-4-7-19-18
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -2-3-3-4-5-5-4-7-18-18
Others -1-1-10000000
Net Cash Flow -4-201720-1114
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)40.9820.7419.3322.5915.4712.4117.5742.4934.0618.99
ROCE (%)61.431.6729.5134.924.3816.5723.4856.6546.4125.72
Asset Turnover Ratio4.222.842.392.62.922.41.883.845.592.39
PAT to CFO Conversion(x)04.25-0.78-0.25-2.337.2910.49-0.561.64
Working Capital Days
Receivable Days4253596053547126842
Inventory Days30342736465655272563
Payable Days597885857688138572277

Vinyl Chemicals (India) Ltd Stock News

Vinyl Chemicals (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vinyl Chemicals on 12-Jul-2024 16:01 is ₹412.2.
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 12-Jul-2024 16:01 the market cap of Vinyl Chemicals stood at ₹756.2.
The latest P/E ratio of Vinyl Chemicals as of 12-Jul-2024 16:01 is 34.62.
The latest P/B ratio of Vinyl Chemicals as of 12-Jul-2024 16:01 is 6.48.
The 52-week high of Vinyl Chemicals is ₹518.4 and the 52-week low is ₹309.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vinyl Chemicals is ₹597.0 ( Cr.) .

About Vinyl Chemicals (India) Ltd

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.

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