Past 10 year's financial track record analysis by Moneyworks4me indicates that Chemplast Sanmar Ltd is a good quality company.
The key valuation ratios of Chemplast Sanmar Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Chemplast Sanmar 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 % ⓘ | 0% | 0% | 0% | 45.3% | 17.7% | 8.8% | 82.4% | 183.5% | 28.5% | -3% | - |
| Value Creation Index ⓘ | NA | NA | NA | 2.2 | 0.3 | -0.4 | 4.9 | 12.6 | 1.1 | -1.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 3,030 | 1,254 | 1,258 | 3,799 | 5,892 | 4,941 | 3,923 | 4,076 |
| Sales YoY Gr. | - | NA | NA | NA | -58.6% | 0.3% | 202.1% | 55.1% | -16.1% | -20.6% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 18.7 | 9.2 | 3.7 | 34.3 | 43 | 15.5 | -9.3 | -8.1 |
| YoY Gr. | - | NA | NA | NA | -50.9% | -59.2% | 816.3% | 25.4% | -63.8% | -160% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 34.1 | 57.7 | 63.1 | -141.7 | 4.5 | 17 | 9.8 | 14.4 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 298 | 123 | 50.2 | 459 | 679 | 246 | -147 | -128 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 445 | 234 | 166 | 1,076 | 901 | 355 | -245 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 1.2 | 3.8 | 7.8 | 2 | 1 | 2.9 | -6.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 25.6% | 1.1% | -20.6% | ||||
| Adj EPS ⓘ | NA | -200.4% | -164.8% | -160% | ||||
| BVPSⓘ | NA | -29.8% | NA | -42% | ||||
| Share Price | - | - | -7.2% | 8.9% | ||||
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 % ⓘ | 0 | 0 | 0 | 54.7 | 10.2 | 2.7 | 60.1 | 105.6 | 14.1 | -8.5 | -66.7 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 19.4 | 26.1 | 25.3 | 26.8 | 21.4 | 10.5 | 1.5 | 4 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 9.9 | 9.8 | 4 | 12.1 | 11.5 | 5 | -3.8 | -3.1 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 1 | 1.2 | 1.5 | -1.1 | 12.6 | 3.9 | 10.1 | 0.6 |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 118 | 104 | 48 | 53 | 79 | 102 | 81 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | -132 | -8 | -87 | -96 | -93 | -97 | -31 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years 1.08%
Debt to equity has increased versus last 3 years average to 10.14
Sales growth is not so good in last 4 quarters at -4.56%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -6.3 | -8.1 |
| TTM Sales (₹ Cr.) | 2,031 | 4,076 |
| BVPS (₹.) ⓘ | 176.6 | 14.4 |
| Reserves (₹ Cr.) ⓘ | 2,712 | 149 |
| P/BV ⓘ | 2.76 | 33.80 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 413.75 / 633.00 |
| All Time Low / High (₹) | 6.42 / 826.35 |
| Market Cap (₹ Cr.) | 7,710 |
| Equity (₹ Cr.) | 79.1 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 56.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Sales | 3,030 | 1,254 | 1,258 | 3,799 | 5,892 | 4,941 | 3,923 |
| Operating Expenses ⓘ | 2,506 | 933 | 945 | 2,837 | 4,695 | 4,473 | 3,897 |
| Manufacturing Costs | 417 | 396 | 363 | 432 | 657 | 878 | 815 |
| Material Costs | 1,842 | 400 | 421 | 2,122 | 3,715 | 3,212 | 2,708 |
| Employee Cost | 93 | 78 | 83 | 114 | 120 | 147 | 170 |
| Other Costs ⓘ | 154 | 59 | 78 | 170 | 203 | 236 | 203 |
| Operating Profit ⓘ | 523 | 321 | 312 | 961 | 1,197 | 468 | 26 |
| Operating Profit Margin (%) | 17.3% | 25.6% | 24.8% | 25.3% | 20.3% | 9.5% | 0.7% |
| Other Income ⓘ | 27 | 12 | 8 | 16 | 57 | 80 | 80 |
| Interest ⓘ | 77 | 48 | 95 | 433 | 322 | 154 | 181 |
| Depreciation ⓘ | 75 | 56 | 87 | 131 | 137 | 142 | 151 |
| Exceptional Items ⓘ | -13 | 0 | 0 | -16 | 0 | -81 | 0 |
| Profit Before Tax ⓘ | 408 | 193 | 72 | 547 | 796 | 172 | -226 |
| Tax ⓘ | 159 | 75 | 26 | 137 | 147 | 19 | -67 |
| Profit After Tax | 249 | 118 | 46 | 410 | 649 | 152 | -158 |
| PAT Margin (%) | 8.2% | 9.4% | 3.7% | 10.8% | 11.0% | 3.1% | -4.0% |
| Adjusted EPS (₹) | 15.5 | 8.8 | 3.4 | 30.6 | 41.0 | 9.6 | -10.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 545 | 1,862 | 1,913 | -384 | 1,671 | 1,824 | 1,666 | |||
| Share Capital ⓘ | 80 | 67 | 67 | 67 | 79 | 79 | 79 | |||
| Reserves ⓘ | 465 | 1,795 | 1,845 | -451 | 1,592 | 1,745 | 1,587 | |||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Debt | 460 | 830 | 1,254 | 2,059 | 833 | 964 | 1,395 | |||
| Long Term Debt | 170 | 677 | 1,207 | 2,059 | 833 | 964 | 1,136 | |||
| Short Term Debt | 290 | 153 | 48 | 0 | 0 | 0 | 258 | |||
| Trade Payables | 960 | 220 | 216 | 1,656 | 1,928 | 1,862 | 1,746 | |||
| Others Liabilities ⓘ | 661 | 889 | 725 | 1,155 | 1,170 | 1,187 | 1,224 | |||
| Total Liabilities ⓘ | 2,626 | 3,802 | 4,108 | 4,487 | 5,602 | 5,837 | 6,030 | |||
Fixed Assets | ||||||||||
| Gross Block | 1,159 | 2,136 | 2,288 | 3,413 | 3,335 | 3,386 | 4,254 | |||
| Accumulated Depreciation | 142 | 28 | 114 | 265 | 76 | 200 | 347 | |||
| Net Fixed Assetsⓘ | 1,016 | 2,108 | 2,174 | 3,148 | 3,259 | 3,186 | 3,907 | |||
| CWIP ⓘ | 82 | 117 | 8 | 25 | 34 | 402 | 190 | |||
| Investmentsⓘ | 919 | 1,159 | 1,458 | 0 | 0 | 0 | 0 | |||
| Inventories | 313 | 200 | 182 | 407 | 711 | 643 | 569 | |||
| Trade Receivables | 60 | 67 | 48 | 74 | 190 | 143 | 190 | |||
| Cash Equivalents | 157 | 52 | 113 | 651 | 1,229 | 1,192 | 801 | |||
| Others Assetsⓘ | 78 | 98 | 125 | 181 | 179 | 271 | 374 | |||
| Total Assets ⓘ | 2,626 | 3,802 | 4,108 | 4,487 | 5,602 | 5,837 | 6,030 | |||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 445 | 234 | 166 | 1,076 | 901 | 355 | -245 |
| PBT ⓘ | 385 | 229 | 137 | 563 | 796 | 172 | -226 |
| Adjustment ⓘ | 89 | 100 | 179 | 526 | 420 | 290 | 247 |
| Changes in Working Capital ⓘ | 39 | -39 | -112 | 48 | -138 | -12 | -247 |
| Tax Paid ⓘ | -69 | -55 | -39 | -61 | -177 | -93 | -20 |
| Cash Flow From Investing Activity ⓘ | -370 | -311 | -438 | 2,152 | 108 | -217 | -524 |
| Capex | -62 | -60 | -50 | -55 | -52 | -420 | -588 |
| Net Investments | -321 | -261 | -391 | 2,496 | 129 | 137 | 4 |
| Others ⓘ | 12 | 10 | 3 | -289 | 31 | 65 | 60 |
| Cash Flow From Financing Activityⓘ | 16 | -3 | 298 | -3,017 | -313 | -27 | 382 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | -2,455 | 1,300 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -62 | -58 | -99 | -23 | -52 | 152 | 319 |
| Interest Paid ⓘ | -76 | -47 | -122 | -390 | -301 | -164 | -187 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 155 | 102 | 519 | -149 | -1,261 | -15 | 251 |
| Net Cash Flow ⓘ | 91 | -80 | 26 | 211 | 696 | 111 | -387 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 45.6 | 17.96 | 5.69 | N/A | 0 | 89.68 | -74.76 | |||
| ROCE (%) | 45.3 | 17.67 | 8.8 | N/A | 183.45 | 28.51 | -2.96 | |||
| Asset Turnover Ratio | 1.21 | 0.39 | 0.32 | 0.88 | 1.17 | 0.86 | 0.66 | |||
| PAT to CFO Conversion(x) | 1.79 | 1.98 | 3.61 | 2.62 | 1.39 | 2.34 | N/A | Working Capital Days | ||
| Receivable Days | 7 | 18 | 17 | 6 | 8 | 12 | 15 | |||
| Inventory Days | 36 | 74 | 55 | 28 | 35 | 50 | 56 | |||
| Payable Days | 190 | 538 | 189 | 161 | 176 | 215 | 243 | |||
Chemplast Sanmar (CSL) is a specialty chemicals manufacturer in India with focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors. CSL is one of India’s leading manufacturers of specialty paste PVC resin on the basis of installed production capacity, as of December 31, 2020. In addition, CSL is also the third largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide in the South India region, on the basis of installed production capacity as of December 31, 2020 and one of the oldest manufacturers in the chloromethanes market in India. Pursuant to the CCVL Acquisition, it acquired 100.0% equity interest in CCVL that is the second largest manufacturer of suspension PVC resin in India and the largest manufacturer in the South India region, on the basis of installed production capacity as of December 31, 2020.
The company has four manufacturing facilities, of which three are located in Tamil Nadu at Mettur, Berigai and Cuddalore and one is located in Puducherry at Karaikal. Its integrated business model for production of specialty paste PVC resin and chloromethanes has been critical to its success. It has also leased a salt field from the Government of Tamil Nadu at Vedaranyam, Tamil Nadu. It has a strong focus on sustainability in all aspects of its operations. Its manufacturing facilities are certified ISO 9001:2015 for quality management systems and ISO 45001:2018 for occupational health and safety management systems, to the extent required. In addition, it has received the Indian Chemical Council certification ‘Responsible Care’ for maintaining best practices in its operations.
Business area of the company
The company is a leading specialty chemical manufacturer in India. The company is engaged in the manufacturing of specialty paste PVC resin, starting materials, and intermediates for agro-chemical, pharmaceuticals, agro-chemical, and fine chemical sectors. It also produces other types of chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas, and Industrial Salt.
Key awards, accreditations or recognitions
Major events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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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