Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indian Emulsifiers Ltd is a below average quality company.
The key valuation ratios of Indian Emulsifiers Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indian Emulsifiers 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | -0.6% | 6% | 26.1% | 31.1% | - |
| Value Creation Index ⓘ | -1.0 | -0.6 | 0.9 | 1.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 0 | 17.7 | 41.2 | 66.7 | 67 |
| Sales YoY Gr. | - | NA | 132.9% | 61.9% | - |
| Adj EPS ⓘ | -3.7 | 0.1 | 6.5 | 9.8 | 7.2 |
| YoY Gr. | - | NA | 9157.1% | 51.1% | - |
| BVPS (₹) ⓘ | 6.3 | 10.1 | 16.5 | 31.6 | 58 |
| Adj Net Profit ⓘ | 0 | 0 | 3.9 | 8.8 | 9 |
| Cash Flow from Ops. ⓘ | 0 | -5.8 | 0.2 | -0.2 | - |
| Debt/CF from Ops. ⓘ | 22.8 | -1.9 | 107.2 | -98.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 61.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | 51.1% | ||||
| BVPSⓘ | NA | NA | 71.1% | 90.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | -58.7 | 1.1 | 38.6 | 43.6 | 16.1 |
| Op. Profit Mgn % ⓘ | 0 | 4.5 | 19.1 | 22.2 | NAN |
| Net Profit Mgn % ⓘ | 0 | 0.2 | 9.5 | 13.2 | 13.2 |
| Debt to Equity ⓘ | 93.5 | 1.3 | 1.7 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 101 | 136 | 179 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 42 | 88 | 123 | 0 |
Debt to equity has declined versus last 3 years average to 0.83
Return on Equity has declined versus last 3 years average to 16.10%
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 (₹) | 7.2 | - |
| TTM Sales (₹ Cr.) | 66.7 | - |
| BVPS (₹.) ⓘ | 58 | - |
| Reserves (₹ Cr.) ⓘ | 59 | - |
| P/BV ⓘ | 4.11 | - |
| PE ⓘ | 32.97 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 291 |
| Equity (₹ Cr.) | 12.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.2 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 0 | 18 | 41 | 67 |
| Operating Expenses ⓘ | 0 | 17 | 33 | 52 |
| Manufacturing Costs | 0 | 2 | 2 | 3 |
| Material Costs | 0 | 14 | 30 | 47 |
| Employee Cost | 0 | 1 | 0 | 0 |
| Other Costs ⓘ | 0 | 1 | 1 | 1 |
| Operating Profit ⓘ | 0 | 1 | 8 | 15 |
| Operating Profit Margin (%) | - | 4.5% | 19.1% | 22.2% |
| Other Income ⓘ | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 2 | 2 |
| Depreciation ⓘ | 0 | 0 | 1 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 5 | 11 |
| Tax ⓘ | 0 | 0 | 1 | 2 |
| Profit After Tax | 0 | 0 | 4 | 9 |
| PAT Margin (%) | - | 0.2% | 9.5% | 13.2% |
| Adjusted EPS (₹) | -3.7 | 0.1 | 6.5 | 9.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 8 | 12 | 28 | ||||||
| Share Capital ⓘ | 0 | 8 | 8 | 9 | ||||||
| Reserves ⓘ | 0 | 0 | 4 | 19 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 1 | 11 | 20 | 24 | ||||||
| Long Term Debt | 0 | 8 | 12 | 13 | ||||||
| Short Term Debt | 1 | 3 | 9 | 10 | ||||||
| Trade Payables | 0 | 0 | 1 | 9 | ||||||
| Others Liabilities ⓘ | 0 | 0 | 1 | 3 | ||||||
| Total Liabilities ⓘ | 1 | 19 | 34 | 64 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 10 | 14 | 20 | ||||||
| Accumulated Depreciation | 0 | 0 | 1 | 3 | ||||||
| Net Fixed Assetsⓘ | 0 | 10 | 13 | 17 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 3 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0 | 1 | 9 | 21 | ||||||
| Trade Receivables | 0 | 3 | 8 | 19 | ||||||
| Cash Equivalents | 0 | 0 | 0 | 0 | ||||||
| Others Assetsⓘ | 1 | 5 | 5 | 4 | ||||||
| Total Assets ⓘ | 1 | 19 | 34 | 64 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | -6 | 0 | 0 |
| PBT ⓘ | 0 | 0 | 5 | 11 |
| Adjustment ⓘ | 0 | 0 | 1 | 2 |
| Changes in Working Capital ⓘ | 0 | -6 | -6 | -12 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | -2 | 0 | -7 |
| Capex | 0 | -10 | -4 | -9 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 8 | 4 | 2 |
| Cash Flow From Financing Activityⓘ | 0 | 8 | 0 | 8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 8 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 8 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 1.42 | 48.7 | 45.98 | ||||||
| ROCE (%) | N/A | 6.04 | 26.12 | 31.14 | ||||||
| Asset Turnover Ratio | 0 | 1.8 | 1.54 | 1.36 | ||||||
| PAT to CFO Conversion(x) | N/A | N/A | 0 | 0 | Working Capital Days | |||||
| Receivable Days | 0 | 60 | 49 | 73 | ||||||
| Inventory Days | 0 | 25 | 44 | 81 | ||||||
| Payable Days | 0 | 0 | 6 | 38 | ||||||
The company was originally incorporated on December 05, 2020, as a Private Limited Company under the name and style of Indian Emulsifiers Private Limited under the provisions of Companies Act, 2013 with the Registrar of Companies, Mumbai, Maharashtra. Thereafter, the company was converted from Private Limited to Public Limited and the name of the company was changed from “Indian Emulsifiers Private Limited” to “Indian Emulsifiers Limited” vide fresh Certificate of Incorporation dated January 05, 2024 issued by the Registrar of Companies Mumbai, Maharashtra.
The company was incorporated with the objective of Manufacturing and Supplying of Specialty Chemicals i.e., Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The company has its manufacturing plant at Plot No. E-10 MIDC, Lote Parshuram, Tal. Khed, Ratnagiri, Maharashtra, India since inception. The facility equipped with process control, innovative R&D centre, Quality Control and Application Laboratories. The company was formed with a vision to become a pioneer specialty chemicals manufacturer. The company got ISO Certified in the year 2021 as ISO 9001:2015. It is manufacturing the Specialty chemicals industry, with a focus on Esters, Phosphate Esters, Imidazolines, Succinimides, Sulfosuccinates, Specialty Emulsifiers and formulated products. The company serve specialty chemicals to wide range of industries such as Mining, Textile, Cleaning Industry, PVC (Poly Vinyl Chloride)/ Rubber, Personal Care, Food and Other Industries. Operations at the facility are managed by an able and motivated team of highly qualified technical personnel, having expertise in their individual fields. Multipurpose facility designed to have a high degree of flexibility to meet customer needs. The facility can carry out reactions at temperatures ranging from 10 C to 250 C and pressure 5 kg to 8kg/cm, the reactors are equipped with condenser, vacuum arrangement and receiver and high speed stirred reactor.
Business area of the company
Indian Emulsifiers manufactures, supplies and markets a diverse range of speciality chemicals to industries such as Food, Cosmetic, Pharmaceutical, Personal care, Home care, Institutional & Industrial Cleaning, Metal Cleaning, Metal Working, Lubricants, Textiles, Mining, Oilfields, Agriculture and Paint & Pigments.
Major events
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