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

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

Vinyl Chemicals Share Price

385.40 -8.60 -2.18%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Vinyl Chemicals

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Vinyl Chemicals (India) stock performance -

mw4me loader
P/E Ratio (SA):
32.70
Market Cap:
706.7 Cr.
52-wk low:
309
52-wk high:
585

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 Semi Strong which suggest that the price of Vinyl Chemicals (India) Ltd is likely to Rise-somewhat 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 48%48.9%26.3%13.4%25%27.8%21.1%20.4%46.3%41%-
Value Creation
Index
2.42.50.90.00.81.00.50.52.31.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2934423352933754833724048651,013536
Sales YoY Gr.-50.8%-24.1%-12.7%28.2%28.7%-22.9%8.6%114.1%17%-
Adj EPS 6.18.15.63.37.18.76.97.220.82311.8
YoY Gr.-33%-31.6%-40.2%112.9%23%-20.4%4.2%187.8%10.5%-
BVPS (₹) 1418.923.126.130.332.233.437.152.461.859.6
Adj Net
Profit
11.214.910.26.1131612.713.338.242.222
Cash Flow from Ops. 2.20.534.1-7.1-2.7-21.251.210.616.8-21.2-
Debt/CF from Ops. 0.210-0.1-0.2-000.10.1-0-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.8%22%39.6%17%
Adj EPS 15.9%26.5%49.1%10.5%
BVPS18%15.4%22.8%18%
Share Price 36.9% 37.4% 49% -30%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4949.526.513.525.227.921.220.546.540.319.4
Op. Profit
Mgn %
5.75.14.33.34.94.94.14.45.95.75.1
Net Profit
Mgn %
3.83.432.13.53.33.43.34.44.24
Debt to
Equity
0000000000-
Working Cap
Days
957797100104107117138644368
Cash Conv.
Cycle
151460192618-3-61138

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 39.58%

Net Profit is growing at healthy rate in last 3 years 49.09%

Return on Equity has declined versus last 3 years average to 19.40%

Sales growth is not so good in last 4 quarters at -41.94%

Latest Financials - Vinyl Chemicals (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 11.8 -
TTM Sales (₹ Cr.) 536 -
BVPS (₹.) 59.6 -
Reserves (₹ Cr.) 107 -
P/BV 6.47 -
PE 32.70 -
From the Market
52 Week Low / High (₹) 309.00 / 584.95
All Time Low / High (₹) 2.40 / 952.10
Market Cap (₹ Cr.) 707
Equity (₹ Cr.) 1.8
Face Value (₹) 1
Industry PE 79.8

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2934423352933754833724048651,013
Operating Expenses 282424326283361472366390821966
Manufacturing Costs0000000000
Material Costs273414315277352454352381807945
Employee Cost 2223333466
Other Costs 8884615105815
Operating Profit 10189914106144447
Operating Profit Margin (%) 3.5%4.0%2.8%3.2%3.8%2.2%1.7%3.4%5.1%4.6%
Other Income 1134444122
Interest 0000000001
Depreciation 0000000000
Exceptional Items 0000000000
Profit Before Tax 11191213181410154748
Tax 464565341212
Profit After Tax 712891297113536
PAT Margin (%) 2.6%2.8%2.4%3.0%3.1%1.8%2.0%2.8%4.0%3.5%
Adjusted EPS (₹)4.16.74.44.86.44.84.16.219.019.4
Dividend Payout Ratio (%)25%22%34%38%38%50%59%61%53%51%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 263542485559616896113
Share Capital 2222222222
Reserves 243341465457596694111
Minority Interest0000000000
Debt0000000010
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables7460765311178921965756
Others Liabilities 6913129172112117
Total Liabilities 106104132113176155156275175187

Fixed Assets

Gross Block0000000001
Accumulated Depreciation0000000000
Net Fixed Assets0000000001
CWIP 0000000000
Investments 59453934247557840
Inventories36382518556648735385
Trade Receivables534849467864461111131
Cash Equivalents 7311210121212
Others Assets5612107133253129
Total Assets 106104132113176155156275175187

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2034-7-3-21511117-21
PBT 11191213181410154748
Adjustment -1-1-4-3-40-40-2-1
Changes in Working Capital -4-1130-13-11-3050-1-19-56
Tax Paid -4-6-4-5-6-5-5-3-9-11
Cash Flow From Investing Activity 3-3-3310834-44-6-2141
Capex 0000000000
Net Investments 3-3-3310834-44-6-2140
Others 0000000000
Cash Flow From Financing Activity 0-2-3-3-4-5-5-4-7-19
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0-2-3-3-4-5-5-4-7-18
Others 0-1-1-1000000
Net Cash Flow 6-4-201720-111
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)32.6440.9820.7419.3322.5915.4712.4117.5742.4934.06
ROCE (%)48.5261.431.6729.5134.924.3816.5723.4856.6546.41
Asset Turnover Ratio3.374.222.842.392.62.922.41.883.845.59
PAT to CFO Conversion(x)0.2904.25-0.78-0.25-2.337.2910.49-0.58
Working Capital Days
Receivable Days5342535960535471268
Inventory Days35303427364656552725
Payable Days785978858576881385722

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-Apr-2024 16:59 is ₹385.4.
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-Apr-2024 16:59 the market cap of Vinyl Chemicals stood at ₹706.7.
The latest P/E ratio of Vinyl Chemicals as of 12-Apr-2024 16:59 is 32.70.
The latest P/B ratio of Vinyl Chemicals as of 12-Apr-2024 16:59 is 6.47.
The 52-week high of Vinyl Chemicals is ₹585.0 and the 52-week low is ₹309.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vinyl Chemicals is ₹535.7 ( 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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