BSE: 0 | NSE: NIRMAN | Agriculture | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Nirman Agri Genetics Ltd is a average quality company.
The key valuation ratios of Nirman Agri Genetics Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nirman Agri Genetics 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 7% | 133.3% | 26.6% | 33.8% | - |
| Value Creation Index ⓘ | -0.5 | 8.5 | 0.9 | 1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 3.8 | 13.5 | 28.6 | 63.3 | 103 |
| Sales YoY Gr. | - | 253.1% | 112.1% | 121.4% | - |
| Adj EPS ⓘ | 213.7 | 10 | 6.8 | 17.5 | 17 |
| YoY Gr. | - | -95.3% | -31.7% | 155.6% | - |
| BVPS (₹) ⓘ | 0.3 | 10.3 | 45.2 | 62.6 | 114 |
| Adj Net Profit ⓘ | 0.1 | 2.6 | 4.1 | 10.4 | 14 |
| Cash Flow from Ops. ⓘ | -0.3 | 0 | 0.1 | 4.8 | - |
| Debt/CF from Ops. ⓘ | -3.7 | 105.7 | 10.7 | 0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 155% | 121.4% | ||||
| Adj EPS ⓘ | NA | NA | -56.6% | 155.6% | ||||
| BVPSⓘ | NA | NA | 530.4% | 38.5% | ||||
| Share Price | - | - | - | 62.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 84.5 | 189 | 27.5 | 32.4 | 19.3 |
| Op. Profit Mgn % ⓘ | 1.9 | 25.4 | 15.6 | 18.1 | 14.1 |
| Net Profit Mgn % ⓘ | 1.4 | 19 | 14.2 | 16.4 | 13.3 |
| Debt to Equity ⓘ | 15.3 | 0.5 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 80 | 217 | 206 | 48 |
| Cash Conv. Cycle ⓘ | 0 | 52 | 76 | 62 | 35 |
Sales growth is growing at healthy rate in last 3 years 155.00%
Sales growth is good in last 4 quarters at 89.02%
Return on Equity has declined versus last 3 years average to 19.30%
Net Profit has been subdued in last 3 years -56.61%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 17 | 3.4 |
| TTM Sales (₹ Cr.) | 103 | 18.4 |
| BVPS (₹.) ⓘ | 114 | 10 |
| Reserves (₹ Cr.) ⓘ | 83 | - |
| P/BV ⓘ | 3.11 | 35.51 |
| PE ⓘ | 20.88 | 104.32 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 284 |
| Equity (₹ Cr.) | 8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 4 | 13 | 29 | 63 |
| Operating Expenses ⓘ | 4 | 10 | 24 | 52 |
| Manufacturing Costs | 0 | 0 | 0 | 0 |
| Material Costs | 3 | 9 | 23 | 49 |
| Employee Cost | 0 | 0 | 1 | 1 |
| Other Costs ⓘ | 0 | 0 | 1 | 1 |
| Operating Profit ⓘ | 0 | 3 | 4 | 11 |
| Operating Profit Margin (%) | 1.9% | 25.4% | 15.3% | 18.1% |
| Other Income ⓘ | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 3 | 4 | 11 |
| Tax ⓘ | 0 | 1 | 0 | 1 |
| Profit After Tax | 0 | 3 | 4 | 10 |
| PAT Margin (%) | 1.4% | 19.0% | 14.0% | 16.4% |
| Adjusted EPS (₹) | 0.2 | 10.0 | 6.7 | 17.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 3 | 27 | 37 | ||||||
| Share Capital ⓘ | 0 | 0 | 6 | 6 | ||||||
| Reserves ⓘ | 0 | 3 | 21 | 31 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 1 | 1 | 1 | 0 | ||||||
| Long Term Debt | 1 | 1 | 1 | 0 | ||||||
| Short Term Debt | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 0 | 1 | 0 | 5 | ||||||
| Others Liabilities ⓘ | 0 | 1 | 2 | 1 | ||||||
| Total Liabilities ⓘ | 2 | 6 | 30 | 44 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 1 | 0 | ||||||
| Accumulated Depreciation | 0 | 0 | 0 | 0 | ||||||
| Net Fixed Assetsⓘ | 0 | 0 | 1 | 0 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0 | 1 | 5 | 8 | ||||||
| Trade Receivables | 1 | 4 | 4 | 12 | ||||||
| Cash Equivalents | 1 | 1 | 0 | 2 | ||||||
| Others Assetsⓘ | 0 | 0 | 20 | 22 | ||||||
| Total Assets ⓘ | 2 | 6 | 30 | 44 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 0 | 5 |
| PBT ⓘ | 0 | 3 | 4 | 11 |
| Adjustment ⓘ | 0 | 0 | 0 | 0 |
| Changes in Working Capital ⓘ | -0 | -3 | -4 | -7 |
| Tax Paid ⓘ | 0 | -1 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -21 | -2 |
| Capex | 0 | 0 | -1 | 0 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -20 | -2 |
| Cash Flow From Financing Activityⓘ | 1 | 0 | 20 | -1 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 24 | 0 |
| Net Proceeds from Borrowing ⓘ | 1 | 0 | 0 | -1 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -4 | -1 |
| Net Cash Flow ⓘ | 1 | 0 | -1 | 1 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 189.03 | 27.06 | 32.37 | ||||||
| ROCE (%) | N/A | 133.26 | 26.6 | 33.83 | ||||||
| Asset Turnover Ratio | 2.33 | 3.55 | 1.6 | 1.71 | ||||||
| PAT to CFO Conversion(x) | N/A | 0 | 0 | 0.5 | Working Capital Days | |||||
| Receivable Days | 59 | 66 | 53 | 45 | ||||||
| Inventory Days | 19 | 11 | 34 | 37 | ||||||
| Payable Days | 39 | 26 | 11 | 21 | ||||||
The company was incorporated as Nirman Agri Genetics Private Limited on August 19, 2020 under the Companies Act, 2013 with the Registrar of Companies, Mumbai. The status of the company was changed to public limited and the name of the company was changed to Nirman Agri Genetics Limited vide Special Resolution passed at EGM dated December 05, 2022. The fresh certificate of incorporation consequent to conversion was issued on January 03, 2023 by the Registrar of companies, Mumbai.
It is one of the organized Agri-Input company in India engaged in the business of production, processing and marketing of high-quality hybrid seeds, Pesticides, Bio-organic for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc. and have forayed into micronutrients and bio-products. It also produces non-hybrid seeds, primarily for paddy. It has attained over four years of experience in this seed business through the company and Proprietary concern of its promoter and are working towards its objective of developing seeds having superior yield potential, drought tolerance, tolerance to pests and diseases etc.
In the year 2022, it begins to market bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures & plant growth regulators under the name and style of ‘Nirman Agri Genetics’. Seeds, bio-fertilizers, micronutrients etc. are related products having the same end user i.e. the farmer, and are usually sold through similar dealer networks. With a view of achieving the benefit of synergy in marketing the aforesaid products, it has added them to its products portfolio.
Its Promoter and Managing Director, Pranav Kailas Bagal, is a Diploma holder in Agriculture from National Backward Krushi Vidhyapeeth, Solapur, Maharashtra. He has around six years of experience in the field of Marketing of Agriculture inputs, managing customer relations and trade terms, managing manufacturing and supply chain strategies, managing costs and establish strategic partnerships with farmers, vendors and service providers etc. He has been associated with the company as Director since incorporation. Prior to starting the company, he has done Agri-inputs business in Proprietary concern M/s. Nirman Agri Genetics from 2018 till the time same is taken over by the company and before that he has worked as Marketing Manager with Shivam Krushi Sheti Udhyog Kendra engaged in whole sale and retail distribution of seeds, pesticides, fertilisers and agriculture related equipments.
Business area of the company
The company is engaged in the business of production, processing and marketing of high-quality hybrid seeds, Pesticides, Bio-organic for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc.
Major products of the company
History and milestones
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