Is GHCL a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that GHCL Ltd is a good quality company .

Is GHCL undervalued or overvalued?

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

What is GHCL share price return in the past 10 years?

GHCL Ltd share price has appreciated 20.9% annually (CAGR) over the past ten years.

Is GHCL a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of GHCL Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

GHCL Ltd - Stock Valuation and Financial Performance

Name: GHCL
Brand: GHCL

BSE: 500171 | NSE: GHCL | Chemicals | Small Cap

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GHCL Share Price

₹558.60 -16.80 -2.92%
as on 21-Nov'24 16:59

10 Year X-Ray of GHCL:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	20.6%	24.2%	24.3%	18.6%	21.4%	18.6%	14.8%	24.6%	36.8%	27.2%	-
Value Creation Index ⓘ	0.5	0.7	0.7	0.3	0.5	0.3	0.1	0.8	1.6	1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,374	2,531	2,784	2,919	3,341	3,305	2,491	3,778	4,551	3,447	3,244
Sales YoY Gr.	-	6.6%	10%	4.9%	14.5%	-1.1%	-24.6%	51.7%	20.5%	-24.3%	-
Adj EPS ⓘ	20.2	27.1	36.5	34.7	36.1	41.6	32.7	62.9	110.6	64.9	55.4
YoY Gr.	-	34%	34.9%	-4.9%	4%	15.2%	-21.3%	92%	76%	-41.3%	-
BVPS (₹) ⓘ	77	103.6	135.4	165.4	194.4	225.1	260.3	323	412.3	309.8	331.4
Adj Net Profit ⓘ	202	271	363	338	354	395	311	599	1,058	622	530
Cash Flow from Ops. ⓘ	416	509	458	590	530	624	621	643	856	797	-
Debt/CF from Ops. ⓘ	3.2	2.7	3.2	2.2	2.5	2	1.2	1.2	0.4	0.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.2%	0.6%	11.4%	-24.3%
Adj EPS ⓘ	13.9%	12.5%	25.6%	-41.3%
BVPSⓘ	16.7%	9.8%	6%	-24.9%
Share Price	20.9%	22.1%	13.3%	2.4%

Key Financial Parameters ⓘ

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 % ⓘ	29.8	30	30.5	22.9	20	19.4	13.4	21.5	30	17.9	17.3
Op. Profit Mgn % ⓘ	22.6	25.1	24.5	20.8	22.9	22.1	24.3	26	33	24.7	23.5
Net Profit Mgn % ⓘ	8.5	10.7	13	11.6	10.6	12	12.5	15.9	23.2	18	16.3
Debt to Equity ⓘ	1.7	1.3	1.1	0.8	0.7	0.6	0.3	0.3	0.1	0.1	0
Working Cap Days ⓘ	141	120	125	139	127	142	193	141	110	104	99
Cash Conv. Cycle ⓘ	25	29	40	47	49	58	75	58	50	58	77

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.43%

Net Profit is growing at healthy rate in last 3 years 25.64%

Return on Equity has declined versus last 3 years average to 17.30%

Sales growth is not so good in last 4 quarters at -18.55%

Latest Financials - GHCL Ltd.

	Standalone	Consolidated
TTM EPS (₹)	55.3	55.4
TTM Sales (₹ Cr.)	3,244	3,244
BVPS (₹.) ⓘ	330.5	331.4
Reserves (₹ Cr.) ⓘ	3,069	3,078
P/BV ⓘ	1.74	1.74
PE ⓘ	10.40	10.39

From the Market
52 Week Low / High (₹)	434.95 / 726.00
All Time Low / High (₹)	6.65 / 726.00
Market Cap (₹ Cr.)	5,510
Equity (₹ Cr.)	95.8
Face Value (₹)	10
Industry PE ⓘ	56.1

Management X-Ray of GHCL:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

1.10

* Pledged shares as % of Promoter's holding (%)

Valuation of GHCL

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of GHCL

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,374	2,531	2,784	2,919	3,341	3,305	2,491	3,778	4,551	3,447
Operating Expenses ⓘ	1,845	1,901	2,103	2,313	2,582	2,577	1,895	2,799	3,064	2,598
Manufacturing Costs	553	558	529	585	692	671	477	757	961	824
Material Costs	923	947	1,139	1,274	1,413	1,455	1,136	1,687	1,593	1,286
Employee Cost	119	134	158	177	201	190	129	153	134	112
Other Costs ⓘ	250	263	277	278	276	261	154	202	377	376
Operating Profit ⓘ	528	629	681	606	759	728	596	979	1,487	849
Operating Profit Margin (%)	22.3%	24.9%	24.5%	20.8%	22.7%	22.0%	23.9%	25.9%	32.7%	24.6%
Other Income ⓘ	12	10	40	38	16	18	7	12	34	52
Interest ⓘ	171	165	137	127	127	120	74	64	39	27
Depreciation ⓘ	85	82	86	110	117	131	111	117	94	102
Exceptional Items ⓘ	-27	-14	-3	0	0	0	0	0	76	219
Profit Before Tax ⓘ	257	380	495	407	531	495	418	811	1,463	991
Tax ⓘ	75	122	115	51	180	98	111	213	347	198
Profit After Tax	182	258	380	356	351	397	307	598	1,116	794
PAT Margin (%)	7.7%	10.2%	13.7%	12.2%	10.5%	12.0%	12.3%	15.8%	24.5%	23.0%
Adjusted EPS (₹)	18.2	25.8	38.2	36.6	35.8	41.8	34.3	67.8	119.4	82.9
Dividend Payout Ratio (%)	12%	14%	13%	14%	14%	7%	16%	22%	15%	14%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	770	1,036	1,347	1,611	1,905	2,139	2,473	3,080	3,941	2,966
Share Capital ⓘ	100	100	99	97	98	95	95	95	96	96
Reserves ⓘ	670	936	1,247	1,513	1,807	2,044	2,378	2,985	3,846	2,870
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,238	1,123	1,245	1,153	1,111	1,077	605	633	243	115
Long Term Debt	784	675	698	744	702	808	564	425	243	115
Short Term Debt	454	448	547	408	409	269	41	208	0	0
Trade Payables	392	285	334	382	409	408	377	343	230	220
Others Liabilities ⓘ	451	604	692	589	569	689	630	1,166	720	469
Total Liabilities ⓘ	2,851	3,048	3,617	3,735	3,995	4,313	4,085	5,221	5,133	3,770
Fixed Assets
Gross Block	3,063	2,128	2,539	2,725	2,909	3,092	3,232	3,041	2,296	2,497
Accumulated Depreciation	1,129	79	138	231	327	428	557	566	565	656
Net Fixed Assetsⓘ	1,934	2,049	2,401	2,493	2,583	2,664	2,675	2,474	1,731	1,842
CWIP ⓘ	7	37	26	74	117	122	81	213	109	55
Investmentsⓘ	2	6	9	10	12	9	15	17	380	420
Inventories	487	503	584	637	769	791	764	944	772	651
Trade Receivables	244	183	276	229	291	274	228	229	218	180
Cash Equivalents	34	43	36	27	36	107	49	255	140	492
Others Assetsⓘ	143	227	285	266	189	346	273	1,089	1,783	130
Total Assets ⓘ	2,851	3,048	3,617	3,735	3,995	4,313	4,085	5,221	5,133	3,770

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	416	509	458	590	530	624	621	643	856	797
PBT ⓘ	284	380	495	407	531	495	439	881	1,496	992
Adjustment ⓘ	252	251	208	246	248	264	230	208	114	-166
Changes in Working Capital ⓘ	-58	-24	-136	8	-156	-18	60	-241	-311	163
Tax Paid ⓘ	-62	-98	-108	-72	-93	-116	-107	-205	-443	-192
Cash Flow From Investing Activity ⓘ	-127	-249	-375	-279	-271	-206	-109	-337	-409	-534
Capex	-132	-250	-376	-282	-273	-206	-111	-337	-350	-106
Net Investments	4	0	0	0	1	0	1	0	-61	-438
Others ⓘ	1	1	1	2	1	1	1	0	2	11
Cash Flow From Financing Activityⓘ	-296	-252	-113	-308	-258	-339	-569	-98	-530	-338
Net Proceeds from Shares ⓘ	0	0	0	6	6	3	0	5	4	5
Net Proceeds from Borrowing ⓘ	-66	-107	23	46	-64	78	-244	-149	-136	-151
Interest Paid ⓘ	-166	-165	-137	-127	-134	-122	-91	-65	-45	-24
Dividend Paid ⓘ	-23	-22	-50	-34	-49	-76	0	-52	-143	-166
Others ⓘ	-41	42	51	-199	-18	-222	-234	164	-210	-2
Net Cash Flow ⓘ	-8	8	-30	2	1	80	-57	209	-83	-75

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	26.8	28.54	31.9	24.1	19.94	19.61	13.31	21.55	31.78	22.99
ROCE (%)	20.55	24.23	24.26	18.6	21.36	18.57	14.83	24.61	36.83	27.24
Asset Turnover Ratio	0.87	0.92	0.89	0.81	0.86	0.8	0.59	0.81	0.91	0.84
PAT to CFO Conversion(x)	2.29	1.97	1.21	1.66	1.51	1.57	2.02	1.08	0.77	1
Working Capital Days
Receivable Days	45	29	28	31	28	31	37	22	17	20
Inventory Days	74	67	67	75	77	86	114	82	67	70
Payable Days	188	130	99	103	102	102	126	78	66	64

GHCL Ltd Stock News

GHCL Ltd FAQs

What is the share price of GHCL?

Company share prices are keep on changing according to the market conditions. The closing price of GHCL on 21-Nov-2024 16:59 is ₹558.6.

What is the market cap of GHCL?

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 21-Nov-2024 16:59 the market cap of GHCL stood at ₹5,509.7.

What is the P/E ratio of GHCL?

The latest P/E ratio of GHCL as of 21-Nov-2024 16:59 is 10.40.

What is the P/B ratio of GHCL?

The latest P/B ratio of GHCL as of 21-Nov-2024 16:59 is 1.74.

What is the 52-week high and low of GHCL?

The 52-week high of GHCL is ₹726.0 and the 52-week low is ₹434.9.

What is the TTM revenue of GHCL?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GHCL is ₹3,244 ( Cr.) .

About GHCL Ltd

GHCL Limited was incorporated on October 14, 1983 and since then, it has established itself as a well-diversified group. It has ascertained its footprints in Chemicals, Textiles and Consumer Products segments.

The company has state-of-the-art home textile facilities at Vapi. This facility houses the best equipment sourced from Germany and Japan namely, Benninger, Kuster and Monforts. It has the flexibility to process both cotton and blended fabrics. A perennial innovator in bed linen category, some of the recent innovations in the category of ‘sheets’ include the PERFECT FIT, EASYSHEET, microTWILL, EXL Wrinkle Free Sheets, Versatile Reversible Sheets, Soft Wash Percale and Sustainable Fibre dyed sheets. GHCL has also launched a sustainable, traceable bedding line under the brand name “REKOOP” which has been made using recycled PET fibre, with molecular tagging for complete traceability.

The company’s Home Textiles products are predominantly exported worldwide to countries like United Kingdom, United States of America, Australia, Canada, Germany and other European Union countries as well.

The Consumer Products division manufactures and sells Edible salt and Industrial grade salt. It also markets spices, blended spices, and honey in the country under the brand name of i-FLO. GHCL has its salt manufacturing facility at Vedaranyam in Nagapattinam district of Tamil Nadu and a refinery at Chennai for edible salt manufacturing.

Business area of the company

The Company is engaged in primarily two segments consisting of Inorganic Chemicals (mainly manufacture and sale of Soda Ash) and Home Textile division (comprising of yarn manufacturing, weaving, processing and cutting and sewing of home textiles products).

Business division

Chemicals
Textiles
Consumer Products
Trading Division

Awards and recognitions

2017-18

Special Commendation for Golden Peacock Award for Excellence in Corporate Governance for the year 2017.
Golden Peacock Award for Corporate Social Responsibility - 2017 for the year 2017.
GHCL Limited has been declared as the Winner of ‘Golden Peacock National Quality Award’ for the year 2018.
GHCL Limited achieved 16th rank in Great Place to Work survey among India’s Great Place to Work manufacturing sector.
The President of Association Other ways Management & Consultancy France, certify that GHCL Limited has been selected to receive the Green Era Award for Sustainability.

2018-19

Dun & Bradstreet Corporate Awards for the year 2018.
GHCL Limited achieved 25th rank in Great Place to Work survey among India’s Great Place to Work in manufacturing sector for the year 2018.
Gold Award for quality control awarded by International Convention on Quality Concept Circle (ICQCC), Singapore.
India Manufacturing Excellence (IME) Awards 2018 awarded by Frost & Sullivan.

2019-20

Mine Award - GHCL Limestones Mines received Mine award under A2 category at 26th Mines Environment and Mineral Conservation week.
Par Excellence Award - GHCL won ‘Par Excellence Award’ at the 6th National Conclave on 5S, Ankleshwar Chapter, Quality Circle Form of India (QCFI)
Saurashtra Eminence Award 2019 - GHCL Foundation Trust received ‘Saurashtra Eminence Award - 2019’ for the great work done towards ‘Rural Development and CSR’ from Divya Bhaskar Group.
Jury Special Social Awareness Award - The Federation of Indian Mineral Industries (FIMI) awarded GHCL for innovation in the field of water management and soil fertility in and around the villages of the mining areas. The ‘Jury Special Social Awareness Award’ was presented to the Bhimdeval Limestone Mines, GHCL at the Excellence, Sustainability, Health, Safety and Social Awareness Awards FY 2018-19
Excellence in E-procurement - GHCL received award for ‘Excellence in E-procurement’ at procurement Tech Summit for FY 2019.

Milestones

1988 - 2000

Commenced Soda Ash Production with 4.2 Lakh MTPA which was further increased to 5.25 Lakh MTPA
Commenced Edible Salt Production and launched ‘Sapan’ salt

2001 - 2008

Soda Ash capacity increased to 8.5 Lakh MTPA
Entered Spinning business with 65 K spindles subsequently increased to 140 K
Commissioned Home Textile plant with 36 mn meters processing capacity and 96 airjet looms
Commissioned Refined Sodium Bicarbonate plant

2009 - 2015

Spindles capacity increased to 175 K, Installed 3320 rotors in spinning
Launch of ‘i-FLO’ salt and ‘i-Flo Honey’
Home Textiles Air jet looms capacity increased to 162

2016 - 2018

Soda Ash production capacity increased to 9.75 Lacs MTPA
Doubled Sodium bicarbonate capacity to 60 K MTPA
Added TFOs for value added yarn and Air jet spinning
Home textiles, processing capacity increased to 45 Mn meters with total 190 Air jet weaving looms

2019 - 2020

Soda Ash production capacity to be increased to 11 Lacs MTPA tons / year by FY2019
GHCL will be the single largest manufacturer of soda ash in India at a single location
Increase Soda Ash production by another 1.25 Lacs MT by Mar’20
Envisaged Rs. 150 crore capital allocation for Volume growth and modernization in spinning