Past 10 year’s financial track record analysis by Moneyworks4me indicates that Chembond Chemicals Ltd is a below average quality company.
The key valuation ratios of Chembond Chemicals 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 Semi Strong which suggest that the price of Chembond Chemicals Ltd is likely to Rise-somewhat 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.5% | 134% | 8.4% | 6.5% | 3.2% | 2.4% | 5.4% | 4.5% | 1.9% | 3.7% | - |
| Value Creation Index ⓘ | -0.2 | 8.6 | -0.4 | -0.5 | -0.8 | -0.8 | -0.6 | -0.7 | -0.9 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 217 | 216 | 219 | 232 | 156 | 58.5 | 42 | 45.6 | 50.8 | 52.3 | 52 |
| Sales YoY Gr. | - | -0.5% | 1.4% | 6.2% | -32.7% | -62.5% | -28.2% | 8.5% | 11.4% | 2.8% | - |
| Adj EPS ⓘ | 4.1 | 29.4 | 10.1 | 6.2 | 3.6 | 4 | 7.2 | 6.6 | 2.3 | 5.1 | 7.1 |
| YoY Gr. | - | 613.8% | -65.6% | -38.4% | -42.2% | 11.4% | 79.6% | -8.8% | -65% | 120.4% | - |
| BVPS (₹) ⓘ | 38.9 | 146.8 | 159.4 | 167.9 | 170.7 | 170.8 | 177.9 | 182.2 | 179.8 | 182.1 | 183.9 |
| Adj Net Profit ⓘ | 5.5 | 39.4 | 13.6 | 8.4 | 4.8 | 5.4 | 9.7 | 8.8 | 3.1 | 6.8 | 10 |
| Cash Flow from Ops. ⓘ | 8.8 | -27.8 | -3.1 | 8.3 | -15.9 | 2 | 3.8 | -0.5 | 0.1 | 5.7 | - |
| Debt/CF from Ops. ⓘ | 2.5 | -0.3 | -2.4 | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -14.6% | -19.7% | 7.5% | 2.8% | ||||
| Adj EPS ⓘ | 2.3% | 7.1% | -11% | 120.4% | ||||
| BVPSⓘ | 18.7% | 1.3% | 0.8% | 1.3% | ||||
| Share Price | 15.8% | 21.4% | 40.1% | -2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 10.8 | 31.6 | 6.6 | 3.8 | 2.1 | 2.4 | 4.1 | 3.7 | 1.3 | 2.8 | 3.9 |
| Op. Profit Mgn % ⓘ | 2 | -2.1 | 0.1 | 1.2 | 1.1 | 3 | 8.6 | 8.1 | 3.8 | -0.4 | -0.8 |
| Net Profit Mgn % ⓘ | 2.5 | 18.3 | 6.2 | 3.6 | 3.1 | 9.2 | 23 | 19.4 | 6.1 | 13.1 | 18.5 |
| Debt to Equity ⓘ | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 97 | 123 | 125 | 97 | 133 | 302 | 390 | 379 | 341 | 294 | 223 |
| Cash Conv. Cycle ⓘ | 21 | 20 | 21 | 25 | 57 | 152 | 120 | 125 | 125 | 112 | 188 |
Return on Equity has increased versus last 3 years average to 3.90%
Sales growth has been subdued in last 3 years 7.52%
Net Profit has been subdued in last 3 years -11.03%
Sales growth is not so good in last 4 quarters at -2.58%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.1 | 31.3 |
| TTM Sales (₹ Cr.) | 51.7 | 469 |
| BVPS (₹.) ⓘ | 183.9 | 282.3 |
| Reserves (₹ Cr.) ⓘ | 245 | 373 |
| P/BV ⓘ | 3.22 | 2.10 |
| PE ⓘ | 83.39 | 18.94 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 442.40 / 746.15 |
| All Time Low / High (₹) | 2.62 / 746.15 |
| Market Cap (₹ Cr.) | 796 |
| Equity (₹ Cr.) | 6.7 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 57.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 217 | 216 | 219 | 232 | 156 | 59 | 42 | 46 | 51 | 52 |
| Operating Expenses ⓘ | 212 | 220 | 218 | 229 | 155 | 57 | 38 | 42 | 49 | 53 |
| Manufacturing Costs | 24 | 24 | 26 | 26 | 17 | 9 | 8 | 8 | 9 | 11 |
| Material Costs | 160 | 162 | 159 | 168 | 102 | 30 | 17 | 21 | 24 | 23 |
| Employee Cost | 16 | 16 | 17 | 18 | 18 | 8 | 5 | 6 | 7 | 8 |
| Other Costs ⓘ | 12 | 18 | 16 | 18 | 17 | 10 | 9 | 7 | 9 | 10 |
| Operating Profit ⓘ | 4 | -5 | 0 | 3 | 2 | 2 | 4 | 4 | 2 | 0 |
| Operating Profit Margin (%) | 2.0% | -2.1% | 0.0% | 1.2% | 1.1% | 2.8% | 8.6% | 7.8% | 3.2% | -0.5% |
| Other Income ⓘ | 7 | 38 | 21 | 15 | 8 | 7 | 12 | 10 | 5 | 12 |
| Interest ⓘ | 3 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 156 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 6 | 186 | 17 | 14 | 7 | 5 | 13 | 11 | 5 | 9 |
| Tax ⓘ | 0 | 34 | 3 | 0 | 1 | 0 | 3 | 2 | 1 | 2 |
| Profit After Tax | 6 | 151 | 15 | 14 | 6 | 6 | 10 | 9 | 4 | 7 |
| PAT Margin (%) | 2.6% | 70.1% | 6.6% | 5.9% | 4.1% | 9.5% | 23.0% | 19.2% | 7.8% | 13.8% |
| Adjusted EPS (₹) | 4.2 | 112.9 | 10.8 | 10.1 | 4.7 | 4.1 | 7.2 | 6.5 | 2.9 | 5.4 |
| Dividend Payout Ratio (%) | 36% | 4% | 15% | 18% | 42% | 49% | 31% | 77% | 102% | 65% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 52 | 197 | 214 | 226 | 230 | 230 | 239 | 245 | 242 | 245 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves ⓘ | 45 | 190 | 208 | 219 | 223 | 223 | 233 | 238 | 235 | 238 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 18 | 8 | 7 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 17 | 8 | 7 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 37 | 34 | 37 | 40 | 12 | 6 | 7 | 6 | 8 | 7 |
| Others Liabilities ⓘ | 16 | 12 | 15 | 10 | 8 | 4 | 4 | 4 | 4 | 6 |
| Total Liabilities ⓘ | 123 | 251 | 274 | 280 | 250 | 240 | 251 | 255 | 254 | 258 |
Fixed Assets | ||||||||||
| Gross Block | 50 | 53 | 40 | 40 | 41 | 45 | 45 | 46 | 43 | 46 |
| Accumulated Depreciation | 14 | 17 | 2 | 3 | 6 | 8 | 11 | 14 | 14 | 17 |
| Net Fixed Assetsⓘ | 36 | 37 | 38 | 37 | 36 | 36 | 34 | 32 | 28 | 29 |
| CWIP ⓘ | 2 | 2 | 2 | 1 | 2 | 0 | 0 | 0 | 7 | 12 |
| Investmentsⓘ | 20 | 105 | 167 | 174 | 157 | 158 | 169 | 172 | 163 | 168 |
| Inventories | 22 | 20 | 23 | 19 | 8 | 5 | 4 | 3 | 3 | 3 |
| Trade Receivables | 36 | 31 | 37 | 38 | 40 | 17 | 18 | 21 | 23 | 19 |
| Cash Equivalents | 3 | 5 | 3 | 7 | 2 | 1 | 2 | 1 | 9 | 10 |
| Others Assetsⓘ | 4 | 51 | 5 | 4 | 5 | 23 | 23 | 25 | 20 | 17 |
| Total Assets ⓘ | 123 | 251 | 274 | 280 | 250 | 240 | 251 | 255 | 254 | 258 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 9 | -28 | -3 | 8 | -16 | 2 | 4 | 0 | 0 | 6 |
| PBT ⓘ | 6 | 186 | 17 | 14 | 7 | 5 | 13 | 11 | 5 | 9 |
| Adjustment ⓘ | 3 | -182 | -13 | -7 | -1 | -2 | -6 | -3 | -2 | -8 |
| Changes in Working Capital ⓘ | 1 | 3 | -6 | 4 | -20 | 0 | -0 | -6 | -2 | 6 |
| Tax Paid ⓘ | -1 | -34 | -2 | -3 | -2 | -2 | -3 | -3 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | 1 | 50 | 2 | 1 | 18 | 2 | -3 | 2 | 7 | -2 |
| Capex | -2 | -3 | -4 | -2 | -2 | -1 | 0 | -1 | -5 | -7 |
| Net Investments | 0 | 25 | 5 | 1 | 18 | -1 | -2 | 1 | 10 | 2 |
| Others ⓘ | 3 | 29 | 0 | 3 | 3 | 4 | 0 | 2 | 3 | 4 |
| Cash Flow From Financing Activityⓘ | -8 | -20 | -1 | -5 | -7 | -6 | 0 | -3 | -7 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -8 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -3 | -1 | -1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -2 | -8 | 0 | -2 | -2 | -5 | 0 | -3 | -7 | -4 |
| Others ⓘ | 4 | -9 | -1 | -3 | -5 | 0 | 0 | 0 | 0 | 2 |
| Net Cash Flow ⓘ | 1 | 2 | -2 | 4 | -5 | -1 | 1 | -1 | 1 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.16 | 121.75 | 7.06 | 6.18 | 2.78 | 2.41 | 4.13 | 3.61 | 1.63 | 2.97 |
| ROCE (%) | 11.51 | 133.97 | 8.41 | 6.46 | 3.2 | 2.35 | 5.42 | 4.53 | 1.9 | 3.66 |
| Asset Turnover Ratio | 1.93 | 1.29 | 0.93 | 0.86 | 0.59 | 0.24 | 0.17 | 0.18 | 0.2 | 0.21 |
| PAT to CFO Conversion(x) | 1.5 | -0.19 | -0.2 | 0.57 | -2.67 | 0.33 | 0.4 | 0 | 0 | 0.86 | Working Capital Days |
| Receivable Days | 56 | 50 | 51 | 57 | 90 | 176 | 154 | 159 | 160 | 146 |
| Inventory Days | 36 | 32 | 33 | 33 | 32 | 41 | 37 | 27 | 21 | 20 |
| Payable Days | 91 | 80 | 82 | 84 | 94 | 115 | 148 | 120 | 106 | 116 |
Chembond Chemicals, incorporated in 1975, is engaged in specialty chemicals business and offers a range of products for industrial applications It is listed on the Bombay Stock Exchange (BSE) and Ahmedabad Stock Exchange since 1995.
The company has been growing continuously in sale as well as profits and distributing profits without exception by way of dividend since its inception.
The company offers products for applications in the areas of construction chemicals, industrial coatings and chemical trading. It deals in specialty chemical products like water treatment chemicals, industrial enzymes, metal surface treatment chemicals, and in applications solutions for infrastructure.
In 2010 the company formed a joint venture with H2O Innovation Inc, Canada offering equipment solutions for water treatment.
Products:
All Chembond products are tested by experts with several years of industry experience and manufactured at its modern, well equipped plant to exacting quality standards. The company’s product portfolio is as below:
a) Speciality Chemicals Trading –
The list includes:
b) Anti Corrosive Coatings - Chembond's high performance coatings are formulated to suit tropical and industrial conditions offering the very best in corrosion protection as well as appearance.
c) Construction Chemicals - Introduced in 1994, the construction chemicals range covers a wide spectrum of performance enhancing products adapted to the Indian climatic conditions. These products have been used at a number of large infrastructure projects already.
d) Online Instrumentation - Chembond started out with manufacturing instruments in 1998. It has developed pH and Conductivity meters for lab use. These units are portable and ready for field use also.
Since 1999 it has been associated with WTW for distribution and back-up of their range of on-line instrumentation products.
e) Water Treatment Equipment
f) Flocculants
Subsidiary:
Chembond Ashland Water Technologies is a wholly owned subsidiary of Chembond Chemicals
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