X

Sharda Cropchem Ltd. Stock Analysis

Small Cap
Evaluated by 1264 users | BSE: 538666 | NSE: SHARDACROP |
Chemicals
Sharda Cropchem was incorporated as Sharda Worldwide Exports on March 12, 2004, in Mumbai, as a private limited company under the Companies Act, 1956. Initially the company began its operations through two sole proprietary firms, each set up by Ramprakash V. Bubna and Sharda R. Bubna. After...

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.
Sharda Cropchem Ltd. has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.64%11.75%14.81%15.1%18.25%24.86%23.86%19.42%13.06%14.41%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2423465555417699341,1291,4701,6041,616
Y-o-Y Gr. Rt.-43.4%60.1%-2.5%42.3%21.5%20.8%30.2%9.1%0.8%
Adjusted EPS (Rs.) 23.916.967.7111.0118.2620.9221.7715.9718.7
Y-o-Y Gr. Rt.-95.5%78%10.8%42.8%65.9%14.6%4.1%-26.6%17.1%
Book Value per Share (Rs.) 22.6643.5350.1357.2565.0681.7198.63118.06130.03145.3
Adjusted Net Profit 1835.362.869.599.3165189196144169
Net Op. Cash Flow (Rs. Cr.) 42.933.412214314.2142123-14.651353
Debt to Cash Flow from Ops 0.010.08002.660.010-11.600
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.
Sharda Cropchem Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 23.5%16%12.7%0.8%
Adjusted EPS 28.2%11.2%-3.7%17.1%
Book Value per Share 22.917.413.811.7
Share Price - 0.5% -14.1% -1.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 9.6211.8114.8514.3518.0124.8823.220.0912.8813.59
Operating Profit Margin (%) 23.5724.7322.0324.4821.9125.3524.6724.0720.1118.24
Net Profit Margin (%) 7.4610.1811.3212.8612.9117.6316.7213.368.9910.44
Debt to Equity 00.01000.06000.1600
Working Capital Days 288343284276249280315358361363
Cash Conversion Cycle 76144112807674721259293
Entity Percentage Holding
Promoters 74.82%
Institutions 21.56%
Non-Institutions 3.62%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Sharda Cropchem Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Sharda Cropchem Ltd. is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Sharda Cropchem Ltd.'s performance infers:

Sharda Cropchem Ltd. earnings have grown by 11.2%, whereas share price has appreciated 0.5% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

Sharda Cropchem was incorporated as Sharda Worldwide Exports on March 12, 2004, in Mumbai, as a private limited company under the Companies Act, 1956. Initially the company began its operations through two sole proprietary firms, each set up by Ramprakash V. Bubna and Sharda R. Bubna. After incorporation as Sharda Worldwide Exports in 2004, the generic agrochemical business and non-agrochemical business conducted by both firms were transferred to the company. The company was

Sharda Cropchem was incorporated as Sharda Worldwide Exports on March 12, 2004, in Mumbai, as a private limited company under the Companies Act, 1956. Initially the company began its operations through two sole proprietary firms, each set up by Ramprakash V. Bubna and Sharda R. Bubna. After incorporation as Sharda Worldwide Exports in 2004, the generic agrochemical business and non-agrochemical business conducted by both firms were transferred to the company. The company was converted into a public limited company and changed its name to Sharda Cropchem on September 18, 2013.

Sharda Cropchem is a crop protection chemical company engaged in the marketing and distribution of a wide range of formulations and generic active ingredients globally. It is also involved in order based procurement and supply of Belts, general chemicals, dyes and dye intermediates. It procures these non-agrochemical products, primarily, from the manufacturers in China or India and supplies them in over 35 countries across Australia, Asia, Europe, North America and Latin America. The company has recently entered into the biocide segment and has acquired several registrations from the existing registration holders, primarily, in Europe.

As of August 5, 2014, the company had over 180 Good Laboratory Practices (GLP) certified dossiers and as of July 15, 2014, it owned over 1,040 registrations for formulations and over 155 registrations for generic active ingredients across Europe, NAFTA, Latin America and Rest of the World.

The company’s library of dossiers gives it a competitive edge and facilitates in seeking registrations in different countries in a time efficient manner. This also fosters its ability to operate in and distribute diversified range of formulations and generic active ingredients globally including highly regulated markets, which would not be permitted without such registrations. As of August 5, 2014, it has filed over 500 applications for seeking registrations globally which are pending at different stages.

Milestones: In November 2011, the company acquired 76% stake in Axis Crop Science, which is a company focused on marketing and distribution of formulations in India.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback