Past 10 year's financial track record analysis by Moneyworks4me indicates that Gujarat Alkalies And Chemicals Ltd is a average quality company.
The key valuation ratios of Gujarat Alkalies And Chemicals 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 Weak which suggest that the price of Gujarat Alkalies And Chemicals 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10% | 9.9% | 11.4% | 19.6% | 23.9% | 10.8% | 4.7% | 13.5% | 13.1% | -2.2% | - |
| Value Creation Index ⓘ | -0.3 | -0.3 | -0.2 | 0.5 | 0.7 | -0.2 | -0.7 | 0.0 | -0.1 | -1.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,948 | 1,995 | 2,070 | 2,455 | 3,161 | 2,725 | 2,429 | 3,759 | 4,517 | 3,807 | 3,891 |
| Sales YoY Gr. | - | 2.4% | 3.8% | 18.6% | 28.8% | -13.8% | -10.8% | 54.7% | 20.2% | -15.7% | - |
| Adj EPS ⓘ | 30.1 | 30.2 | 41.2 | 68.1 | 94.3 | 46 | 22.4 | 76.6 | 81.7 | -18.4 | -16.8 |
| YoY Gr. | - | 0.1% | 36.7% | 65.1% | 38.5% | -51.3% | -51.3% | 242.3% | 6.6% | -122.5% | - |
| BVPS (₹) ⓘ | 291 | 398.7 | 457.1 | 520.5 | 585.1 | 626.1 | 732.3 | 804 | 859.3 | 864.9 | 886.5 |
| Adj Net Profit ⓘ | 221 | 222 | 303 | 500 | 692 | 337 | 164 | 563 | 600 | -135 | -123 |
| Cash Flow from Ops. ⓘ | 295 | 201 | 503 | 515 | 838 | 630 | 421 | 735 | 960 | 66.6 | - |
| Debt/CF from Ops. ⓘ | 0.5 | 1.5 | 0.7 | 0.6 | 0.3 | 0.3 | 1.2 | 0.8 | 0.6 | 8.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.7% | 3.8% | 16.2% | -15.7% | ||||
| Adj EPS ⓘ | -194.7% | -172.1% | -193.6% | -122.5% | ||||
| BVPSⓘ | 12.9% | 8.1% | 5.7% | 0.7% | ||||
| Share Price | 14.6% | 13.3% | 6.6% | 5.4% | ||||
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 | 8.8 | 9.6 | 13.9 | 17.1 | 7.6 | 3.3 | 10 | 9.8 | -2.1 | -1.9 |
| Op. Profit Mgn % ⓘ | 14.1 | 16.9 | 21.6 | 32.1 | 35.4 | 21.5 | 14.8 | 26.3 | 25.4 | 3.8 | 4.8 |
| Net Profit Mgn % ⓘ | 11.4 | 11.1 | 14.6 | 20.4 | 21.9 | 12.4 | 6.8 | 15 | 13.3 | -3.5 | -3.2 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 158 | 162 | 170 | 174 | 169 | 210 | 192 | 101 | 93 | 109 | 45 |
| Cash Conv. Cycle ⓘ | 40 | 39 | 35 | 32 | 30 | 38 | 35 | 17 | 14 | 24 | 5 |
Sales growth is growing at healthy rate in last 3 years 16.15%
Return on Equity is Poor
Sales growth is not so good in last 4 quarters at -5.23%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -16.8 | -30.5 |
| TTM Sales (₹ Cr.) | 3,891 | 3,891 |
| BVPS (₹.) ⓘ | 886.5 | 842.3 |
| Reserves (₹ Cr.) ⓘ | 6,437 | 6,112 |
| P/BV ⓘ | 0.85 | 0.90 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 645.00 / 900.00 |
| All Time Low / High (₹) | 6.97 / 1044.75 |
| Market Cap (₹ Cr.) | 5,565 |
| Equity (₹ Cr.) | 73.4 |
| Face Value (₹) | 10 |
| 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,948 | 1,995 | 2,070 | 2,455 | 3,161 | 2,725 | 2,429 | 3,759 | 4,517 | 3,807 |
| Operating Expenses ⓘ | 1,674 | 1,662 | 1,623 | 1,668 | 2,046 | 2,147 | 2,071 | 2,773 | 3,402 | 3,671 |
| Manufacturing Costs | 755 | 737 | 685 | 731 | 885 | 848 | 785 | 1,074 | 1,431 | 1,641 |
| Material Costs | 704 | 680 | 658 | 659 | 851 | 932 | 934 | 1,281 | 1,510 | 1,593 |
| Employee Cost | 167 | 162 | 170 | 201 | 207 | 244 | 233 | 272 | 252 | 265 |
| Other Costs ⓘ | 49 | 83 | 111 | 76 | 103 | 122 | 119 | 146 | 209 | 171 |
| Operating Profit ⓘ | 274 | 334 | 447 | 787 | 1,115 | 578 | 358 | 986 | 1,115 | 136 |
| Operating Profit Margin (%) | 14.1% | 16.7% | 21.6% | 32.1% | 35.3% | 21.2% | 14.7% | 26.2% | 24.7% | 3.6% |
| Other Income ⓘ | 49 | 46 | 58 | 106 | 61 | 90 | 67 | 46 | 42 | 90 |
| Interest ⓘ | 9 | 10 | 13 | 15 | 21 | 14 | 15 | 6 | 19 | 45 |
| Depreciation ⓘ | 98 | 107 | 111 | 127 | 140 | 162 | 174 | 198 | 276 | 377 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 215 | 263 | 382 | 750 | 1,015 | 492 | 236 | 829 | 861 | -196 |
| Tax ⓘ | -12 | 43 | 74 | 215 | 325 | 159 | 69 | 267 | 285 | -64 |
| Profit After Tax | 228 | 220 | 308 | 535 | 690 | 333 | 167 | 562 | 576 | -132 |
| PAT Margin (%) | 11.7% | 11.0% | 14.9% | 21.8% | 21.8% | 12.2% | 6.9% | 15.0% | 12.7% | -3.5% |
| Adjusted EPS (₹) | 31.0 | 29.9 | 42.0 | 72.9 | 93.9 | 45.3 | 22.7 | 76.5 | 78.4 | -18.0 |
| Dividend Payout Ratio (%) | 15% | 15% | 12% | 9% | 9% | 18% | 35% | 13% | 30% | -77% |
| 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 | 2,137 | 2,928 | 3,357 | 3,823 | 4,297 | 4,598 | 5,378 | 5,904 | 6,310 | 6,351 |
| Share Capital ⓘ | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 |
| Reserves ⓘ | 2,063 | 2,855 | 3,283 | 3,749 | 4,223 | 4,524 | 5,304 | 5,831 | 6,237 | 6,278 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 92 | 225 | 291 | 234 | 188 | 139 | 434 | 550 | 459 | 418 |
| Long Term Debt | 92 | 222 | 284 | 230 | 185 | 137 | 433 | 549 | 459 | 343 |
| Short Term Debt | 0 | 3 | 7 | 4 | 3 | 2 | 0 | 2 | 0 | 75 |
| Trade Payables | 231 | 185 | 226 | 279 | 311 | 321 | 283 | 353 | 494 | 375 |
| Others Liabilities ⓘ | 529 | 556 | 563 | 637 | 737 | 835 | 1,063 | 1,175 | 1,243 | 1,155 |
| Total Liabilities ⓘ | 2,988 | 3,895 | 4,437 | 4,972 | 5,532 | 5,893 | 7,157 | 7,983 | 8,506 | 8,299 |
Fixed Assets | ||||||||||
| Gross Block | 3,573 | 1,926 | 2,295 | 2,438 | 2,790 | 3,262 | 3,408 | 3,716 | 5,540 | 6,283 |
| Accumulated Depreciation | 1,917 | 105 | 222 | 334 | 490 | 652 | 821 | 1,015 | 1,290 | 1,666 |
| Net Fixed Assetsⓘ | 1,656 | 1,821 | 2,073 | 2,104 | 2,300 | 2,610 | 2,587 | 2,702 | 4,250 | 4,617 |
| CWIP ⓘ | 67 | 83 | 151 | 252 | 307 | 445 | 1,109 | 1,787 | 544 | 95 |
| Investmentsⓘ | 193 | 855 | 1,017 | 1,147 | 1,066 | 1,244 | 2,095 | 2,115 | 2,002 | 2,369 |
| Inventories | 186 | 185 | 170 | 265 | 231 | 236 | 226 | 353 | 461 | 407 |
| Trade Receivables | 306 | 326 | 329 | 403 | 487 | 374 | 289 | 303 | 285 | 178 |
| Cash Equivalents | 184 | 50 | 131 | 134 | 271 | 44 | 357 | 300 | 483 | 162 |
| Others Assetsⓘ | 396 | 575 | 566 | 666 | 869 | 939 | 494 | 423 | 482 | 471 |
| Total Assets ⓘ | 2,988 | 3,895 | 4,437 | 4,972 | 5,532 | 5,893 | 7,157 | 7,983 | 8,506 | 8,299 |
| 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 ⓘ | 295 | 201 | 503 | 515 | 838 | 630 | 421 | 735 | 960 | 67 |
| PBT ⓘ | 215 | 263 | 382 | 750 | 1,015 | 492 | 236 | 829 | 861 | -196 |
| Adjustment ⓘ | 59 | 75 | 81 | 41 | 115 | 131 | 157 | 189 | 270 | 349 |
| Changes in Working Capital ⓘ | 76 | -87 | 129 | -142 | -39 | 73 | 82 | 28 | 14 | -41 |
| Tax Paid ⓘ | -55 | -50 | -88 | -135 | -254 | -66 | -53 | -310 | -185 | -45 |
| Cash Flow From Investing Activity ⓘ | -212 | -352 | -468 | -395 | -583 | -635 | -332 | -805 | -661 | -90 |
| Capex | -187 | -268 | -375 | -179 | -324 | -414 | -154 | -908 | -683 | -230 |
| Net Investments | 142 | -114 | -73 | -164 | -253 | -128 | 388 | 38 | -16 | 25 |
| Others ⓘ | -167 | 30 | -20 | -52 | -7 | -92 | -567 | 64 | 38 | 116 |
| Cash Flow From Financing Activityⓘ | -88 | 84 | 13 | -116 | -136 | -146 | 226 | 12 | -140 | -277 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -44 | 133 | 62 | -55 | -56 | -59 | 295 | 75 | -42 | -134 |
| Interest Paid ⓘ | -9 | -9 | -13 | -15 | -21 | -15 | -9 | -6 | -19 | -45 |
| Dividend Paid ⓘ | -34 | -40 | -40 | -44 | -58 | -71 | -59 | -59 | -73 | -173 |
| Others ⓘ | 0 | 0 | 4 | -3 | -1 | -1 | -2 | 1 | -6 | 75 |
| Net Cash Flow ⓘ | -5 | -67 | 49 | 3 | 119 | -151 | 315 | -59 | 159 | -301 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.11 | 8.68 | 9.8 | 14.9 | 16.99 | 7.48 | 3.35 | 9.96 | 9.43 | -2.09 |
| ROCE (%) | 10.04 | 9.88 | 11.38 | 19.56 | 23.93 | 10.82 | 4.71 | 13.49 | 13.14 | -2.19 |
| Asset Turnover Ratio | 0.75 | 0.64 | 0.55 | 0.53 | 0.6 | 0.48 | 0.37 | 0.5 | 0.55 | 0.45 |
| PAT to CFO Conversion(x) | 1.29 | 0.91 | 1.63 | 0.96 | 1.21 | 1.89 | 2.52 | 1.31 | 1.67 | N/A | Working Capital Days |
| Receivable Days | 51 | 52 | 52 | 53 | 51 | 58 | 50 | 29 | 24 | 22 |
| Inventory Days | 33 | 31 | 28 | 32 | 29 | 31 | 35 | 28 | 33 | 42 |
| Payable Days | 108 | 111 | 114 | 140 | 127 | 124 | 118 | 91 | 102 | 100 |
Gujarat Alkalies and Chemicals Limited (GACL) was incorporated on 29th March, 1973 in the State of Gujarat by Gujarat Industrial Investment Corporation Limited (GIIC), a wholly owned company of Govt. of Gujarat, as a Core Promoter.
The Company commenced its operations in 1976 with 37,425 MTPA Caustic Soda Plant based on the then, state-of-the-art Mercury Cell process at its Plant which is situated 16 km North of Vadodara near Village Ranoli on the main Railway track route between Ahmedabad and Mumbai.
GACL has two units located at Vadodara and Dahej, both in the State of Gujarat. It has integrated manufacturing facilities for Caustic Soda, Chlorine, Hydrochloric Gas, Hydrochloric Acid, Chloromethanes, Hydrochloric Peroxide, Phosphoric Acid, Potassium Hydroxide, Potassium Carbonate, Sodium Cyanide, Sodium Ferrocyanide.
Presently, the company is one of the largest producers of Caustic Soda in India, with a production capacity of 1087 TPD. It is accredited with ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018.
Business area of the company
The company has emerged as one of the largest producers of Caustic Soda in India and enjoys the economies of scale. The Company has about 12% share in the domestic Caustic Soda market. The company has implemented elaborate Environment Management System (EMS) Occupational Health & Safety (OH & S) plan and has embarked on continual improvement. The Company’s products basket comprises several products including Caustic Soda (Lye, Flakes / Prills), Liquid Chlorine, Hydrochloric Acid, Chloromethanes, Hydrogen Peroxide, Caustic Potash (Lye & Flakes), Potassium Carbonate, Aluminium Chloride, Phosphoric Acid, Chlorinated Paraffin, Poly Aluminium Chloride (various grades), Chlorotoluene, Sodium Chlorate etc.
Products of the company
Caustic Soda Group
Special Chlorine Derivatives Group
Caustic Potash Group
Chloromethane Group
Water Treatment Group
Hydrogen Peroxide Group
Sodium Chlorate Group
Phosphoric Group
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