Sharda Cropchem Ltd - Stock Valuation and Financial Performance

BSE: 538666 | NSE: SHARDACROP | Pesticides & Agrochemicals | Small Cap

Sharda Cropchem Share Price

321.85 0.90 0.28%
as on 28-Mar'24 16:00

DeciZen - make an informed investing decision on Sharda Cropchem

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Sharda Cropchem stock performance -

mw4me loader
P/E Ratio (SA):
17.54
Market Cap:
2,895.6 Cr.
52-wk low:
318
52-wk high:
580

Is Sharda Cropchem Ltd an attractive stock to invest in?

1. Is Sharda Cropchem Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sharda Cropchem Ltd is a average quality company.

2. Is Sharda Cropchem Ltd undervalued or overvalued?

The key valuation ratios of Sharda Cropchem Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Sharda Cropchem Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sharda Cropchem 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 Sharda Cropchem:

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.
Sharda Cropchem Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.1%18.3%24.9%23.9%19.4%13.1%19.7%14.5%19.4%20.8%-
Value Creation
Index
0.10.30.80.70.4-0.10.40.00.40.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5417699341,1291,4701,6041,6162,0332,9463,3132,708
Sales YoY Gr.-42.3%21.5%20.8%30.2%9.1%0.8%25.8%45%12.4%-
Adj EPS 7.71118.320.921.816262234.94218.3
YoY Gr.-42.8%65.9%14.6%4.1%-26.6%62.6%-15.3%58.4%20.5%-
BVPS (₹) 57.365.181.798.6118.1130145.3166.6191.9221.9213.9
Adj Net
Profit
69.599.3165189196144234199315379165
Cash Flow from Ops. 14314.2142123-14.651353202277140-
Debt/CF from Ops. 02.700-11.6000.30.10-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.3%17.7%27%12.4%
Adj EPS 20.7%14.1%17.4%20.5%
BVPS16.3%13.5%15.2%15.6%
Share Price - -2.9% 3.4% -32.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.41824.923.220.112.918.914.119.520.38.4
Op. Profit
Mgn %
24.521.925.424.724.120.118.218.32217.67.1
Net Profit
Mgn %
12.912.917.616.713.4914.59.810.711.46.1
Debt to
Equity
00.1000.2000.100-
Working Cap
Days
276249304336358361363347306351153
Cash Conv.
Cycle
8076747212592931009812667

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.03%

Net Profit is growing at healthy rate in last 3 years 17.40%

Return on Equity has declined versus last 3 years average to 8.40%

Sales growth is not so good in last 4 quarters at -19.86%

Latest Financials - Sharda Cropchem Ltd.

Standalone Consolidated
TTM EPS (₹) 18.3 9.7
TTM Sales (₹ Cr.) 2,708 3,333
BVPS (₹.) 213.9 232
Reserves (₹ Cr.) 1,839 2,003
P/BV 1.50 1.38
PE 17.54 33.19
From the Market
52 Week Low / High (₹) 318.00 / 580.00
All Time Low / High (₹) 99.00 / 767.70
Market Cap (₹ Cr.) 2,896
Equity (₹ Cr.) 90.2
Face Value (₹) 10
Industry PE 33.6

Management X-Ray of Sharda Cropchem:

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 Sharda Cropchem

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
Sales5417699341,1291,4701,6041,6162,0332,9463,313
Operating Expenses 4096177008511,1291,3261,3761,6602,3442,809
Manufacturing Costs0000001000
Material Costs3094815737009561,0881,1131,3692,0122,337
Employee Cost 12172023262628313537
Other Costs 88118106128147212234260296434
Operating Profit 132152235279341278240373602504
Operating Profit Margin (%) 24.3%19.8%25.1%24.7%23.2%17.3%14.9%18.3%20.4%15.2%
Other Income 3528635633561209748174
Interest 5778141915141318
Depreciation 292335567099137170245248
Exceptional Items 0000000000
Profit Before Tax 133150256270290217209285392411
Tax 445284819773177511087
Profit After Tax 8998172189193144192210283325
PAT Margin (%) 16.4%12.7%18.4%16.7%13.2%9.0%11.9%10.3%9.6%9.8%
Adjusted EPS (₹)9.810.819.120.921.416.021.323.331.436.0
Dividend Payout Ratio (%)20%23%16%19%19%25%19%22%19%17%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 5165877378901,0651,1731,3111,5031,7322,002
Share Capital 90909090909090909090
Reserves 4264976478009751,0831,2211,4121,6411,912
Minority Interest0000000000
Debt038201700068380
Long Term Debt0000000000
Short Term Debt038201700068380
Trade Payables1611903374295845956447601,0711,302
Others Liabilities 1072353154395675845897621,0661,236
Total Liabilities 7851,0501,3911,7582,3862,3522,5433,0933,9074,540

Fixed Assets

Gross Block2502961602953786207961,0811,3521,674
Accumulated Depreciation18720931861532493805377611,006
Net Fixed Assets6387129209226371416544592668
CWIP 133149210232360220161131212204
Investments 176969262242131178413633
Inventories611121292564893283554778301,060
Trade Receivables2863475126068307399211,0941,3191,675
Cash Equivalents 15675385668110421214784
Others Assets50192266309391399469551672817
Total Assets 7851,0501,3911,7582,3862,3522,5433,0933,9074,540

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 14314142123-1551353202277140
PBT 134150256270290217209285392411
Adjustment 27-6-24105810692129236132
Changes in Working Capital 23-66-23-119-284270-186-158-279-345
Tax Paid -40-63-67-38-79-80-62-53-72-58
Cash Flow From Investing Activity -146-25-65-75-139-31424-238-183-2
Capex -81-80-129-140-201-143-176-233-234-240
Net Investments -6658251538-216102-562394
Others 1-339492446995128144
Cash Flow From Financing Activity -1016-89-20132-215-6044-90-98
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00000-10-2-2-1-1
Dividend Paid -9-18-50-18-36-36-54-18-54-54
Others -135-39-2169-169-464-35-43
Net Cash Flow -136-1228-22-16189440
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.317.722623.219.7812.8715.4514.9117.4917.39
ROCE (%)28.4927.4438.5734.1228.6619.5517.9920.7624.2922.78
Asset Turnover Ratio0.730.840.770.720.710.680.660.720.840.78
PAT to CFO Conversion(x)1.610.140.830.65-0.083.560.280.960.980.43
Working Capital Days
Receivable Days197150168181178179188181149165
Inventory Days484147629293777581104
Payable Days194133168200193198203187166185

Sharda Cropchem Ltd Stock News

Sharda Cropchem Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sharda Cropchem on 28-Mar-2024 16:00 is ₹321.9.
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 16:00 the market cap of Sharda Cropchem stood at ₹2,895.6.
The latest P/E ratio of Sharda Cropchem as of 28-Mar-2024 16:00 is 17.54.
The latest P/B ratio of Sharda Cropchem as of 28-Mar-2024 16:00 is 1.50.
The 52-week high of Sharda Cropchem is ₹580.0 and the 52-week low is ₹318.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sharda Cropchem is ₹2,708 ( Cr.) .

About Sharda Cropchem Ltd

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.

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