Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bhatia Colour Chem Ltd is a below average quality company.
The key valuation ratios of Bhatia Colour Chem 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 Weak which suggest that the price of Bhatia Colour Chem Ltd is likely to Fall 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'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 0.7% | 7.2% | 8.2% | - |
| Value Creation Index ⓘ | -1.0 | -0.5 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 14.1 | 110 | 114 | 114 |
| Sales YoY Gr. | - | 680.6% | 3.9% | - |
| Adj EPS ⓘ | 0.4 | 2.3 | 2.8 | 2.8 |
| YoY Gr. | - | 438.1% | 25.2% | - |
| BVPS (₹) ⓘ | 46 | 48.3 | 51.1 | 51.1 |
| Adj Net Profit ⓘ | 0.5 | 2.8 | 3.5 | 3 |
| Cash Flow from Ops. ⓘ | -85.5 | 14.1 | 17.6 | - |
| Debt/CF from Ops. ⓘ | -0.8 | 1.4 | 1.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 3.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | 25.2% | ||||
| BVPSⓘ | NA | NA | NA | 5.9% | ||||
| Share Price | - | - | - | 205.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 0.9 | 4.8 | 5.7 | 5.5 |
| Op. Profit Mgn % ⓘ | 6.3 | 6.6 | 6.1 | NAN |
| Net Profit Mgn % ⓘ | 3.7 | 2.5 | 3 | 3 |
| Debt to Equity ⓘ | 1.1 | 0.3 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 373 | 315 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 261 | 220 | 0 |
Return on Equity has increased versus last 3 years average to 5.50%
Debt to equity has declined versus last 3 years average to 0.32
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.8 | - |
| TTM Sales (₹ Cr.) | 114 | - |
| BVPS (₹.) ⓘ | 51.1 | - |
| Reserves (₹ Cr.) ⓘ | 50 | - |
| P/BV ⓘ | 3.19 | - |
| PE ⓘ | 57.85 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 44.50 / 163.20 |
| All Time Low / High (₹) | 36.00 / 160.00 |
| Market Cap (₹ Cr.) | 200 |
| Equity (₹ Cr.) | 12.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 56.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Sales | 14 | 110 | 114 |
| Operating Expenses ⓘ | 13 | 103 | 108 |
| Manufacturing Costs | 1 | 4 | 4 |
| Material Costs | 11 | 93 | 93 |
| Employee Cost | 1 | 3 | 5 |
| Other Costs ⓘ | 1 | 3 | 5 |
| Operating Profit ⓘ | 1 | 7 | 7 |
| Operating Profit Margin (%) | 6.3% | 6.6% | 6.1% |
| Other Income ⓘ | 0 | 0 | 0 |
| Interest ⓘ | 0 | 3 | 2 |
| Depreciation ⓘ | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 4 | 5 |
| Tax ⓘ | 0 | 1 | 1 |
| Profit After Tax | 1 | 3 | 3 |
| PAT Margin (%) | 3.7% | 2.5% | 3.0% |
| Adjusted EPS (₹) | 0.4 | 2.2 | 2.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 56 | 59 | 63 | |||||||
| Share Capital ⓘ | 12 | 12 | 12 | |||||||
| Reserves ⓘ | 44 | 47 | 50 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 58 | 19 | 19 | |||||||
| Long Term Debt | 20 | 19 | 19 | |||||||
| Short Term Debt | 38 | 0 | 0 | |||||||
| Trade Payables | 27 | 33 | 18 | |||||||
| Others Liabilities ⓘ | 7 | 2 | 2 | |||||||
| Total Liabilities ⓘ | 148 | 113 | 102 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 1 | 2 | |||||||
| Accumulated Depreciation | 0 | 0 | 0 | |||||||
| Net Fixed Assetsⓘ | 0 | 1 | 1 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 0 | 0 | 0 | |||||||
| Inventories | 25 | 17 | 15 | |||||||
| Trade Receivables | 86 | 93 | 68 | |||||||
| Cash Equivalents | 34 | 0 | 15 | |||||||
| Others Assetsⓘ | 3 | 2 | 3 | |||||||
| Total Assets ⓘ | 148 | 113 | 102 | |||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -85 | 14 | 18 |
| PBT ⓘ | 1 | 4 | 5 |
| Adjustment ⓘ | 0 | 3 | 2 |
| Changes in Working Capital ⓘ | -86 | 8 | 12 |
| Tax Paid ⓘ | 0 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -1 |
| Capex | 0 | 0 | -1 |
| Net Investments | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 120 | -48 | -2 |
| Net Proceeds from Shares ⓘ | 56 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | -3 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 64 | -44 | 0 |
| Net Cash Flow ⓘ | 34 | -34 | 15 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.92 | 4.75 | 5.68 | |||||||
| ROCE (%) | 0.7 | 7.21 | 8.2 | |||||||
| Asset Turnover Ratio | 0.1 | 0.84 | 1.06 | |||||||
| PAT to CFO Conversion(x) | -85 | 4.67 | 6 | Working Capital Days | ||||||
| Receivable Days | 2,219 | 296 | 257 | |||||||
| Inventory Days | 652 | 70 | 51 | |||||||
| Payable Days | 872 | 117 | 100 | |||||||
Bhatia Colour Chem is in trading & manufacturing of Chemicals, Dyes and Auxiliaries products. It produces finished Textile Auxiliaries & Chemicals by mixing basic Textile Auxiliaries & Chemicals with its standardised formulation of chemicals with the help of stirrers. It produces Foil Binders, Printing Inks and Zari Binders in company with the variety of ranges and specialisation as per the demand of the client. Its main strength of the products are formulation of chemicals and quality maintenance. The company being trader of Dyes and Auxiliaries products, supply‘s its products to mainly the processing house of the textile industries for the printing of the textile. Its products are mainly useful for the printing on Textile materials like Polyester & Cotton which includes, ambos on T shirts, Zari Prints and shading.
The company is manufacturing the Foil Binders of different specifications as per the requirements of the processing houses. The product manufactured by it is innovative and compete with the market on the price range. The quality of the company’s product is accepted by the processing houses and they got desired results by using its product satisfactorily, on account of that, it has developed cordial relation with the customers and got repetitive orders.
Business area of the company
The company specializes in trading & manufacturing Chemicals, Dyes, and Auxiliaries products. The company produces Value Added Printing Products, Textile Auxiliaries & Chemicals, Foil Binders, Glitter Powder, Printing Inks, and Zari Binders with a variety of ranges and specialization as per the demand of the client.
Major Events:
2021-22: Acquisition of ‘Ravi Chem’, Proprietorship of Ravi Bhatia.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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