Past 10 year's financial track record analysis by Moneyworks4me indicates that Nikhil Adhesives Ltd is a good quality company.
The key valuation ratios of Nikhil Adhesives 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 Nikhil Adhesives 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 % ⓘ | 12.9% | 19.8% | 17.6% | 16.9% | 22% | 22.3% | 33.3% | 39.7% | 24.3% | 16.7% | - |
| Value Creation Index ⓘ | -0.1 | 0.4 | 0.3 | 0.2 | 0.6 | 0.6 | 1.4 | 1.8 | 0.7 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 254 | 270 | 260 | 330 | 446 | 422 | 491 | 814 | 743 | 564 | 587 |
| Sales YoY Gr. | - | 6.3% | -4% | 27.2% | 35.2% | -5.5% | 16.4% | 65.7% | -8.6% | -24.1% | - |
| Adj EPS ⓘ | 0.4 | 0.7 | 0.5 | 0.8 | 1.1 | 1.9 | 3.4 | 5.5 | 4.3 | 2.9 | 3.5 |
| YoY Gr. | - | 108.6% | -27.4% | 45.3% | 48.1% | 67.5% | 78.5% | 61.3% | -22.4% | -32.6% | - |
| BVPS (₹) ⓘ | 3.7 | 4.1 | 4.6 | 7.6 | 8.6 | 9.9 | 13.3 | 18.6 | 22.1 | 24.8 | 26.8 |
| Adj Net Profit ⓘ | 1.4 | 2.9 | 2.1 | 3.6 | 5.2 | 8.8 | 15.7 | 25.3 | 19.6 | 13.3 | 16 |
| Cash Flow from Ops. ⓘ | 15.7 | 12.8 | -4.2 | 11.1 | 16.4 | 20.9 | 22.9 | 24.7 | 20.6 | 14.2 | - |
| Debt/CF from Ops. ⓘ | 2.3 | 2.7 | -10.8 | 2.9 | 2.1 | 1.6 | 1.2 | 1.1 | 1.5 | 3.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.3% | 4.8% | 4.7% | -24.1% | ||||
| Adj EPS ⓘ | 26.4% | 20.4% | -5.5% | -32.6% | ||||
| BVPSⓘ | 23.6% | 23.6% | 23.3% | 12.1% | ||||
| Share Price | 37.3% | 53.9% | 20.1% | 6.7% | ||||
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 % ⓘ | 9.7 | 18.9 | 12.1 | 13.4 | 14 | 20.6 | 29.4 | 34.5 | 21 | 12.3 | 13.4 |
| Op. Profit Mgn % ⓘ | 3.7 | 4.8 | 4.3 | 3.9 | 3.7 | 5.1 | 6.3 | 5.3 | 5.2 | 5.5 | 6 |
| Net Profit Mgn % ⓘ | 0.5 | 1.1 | 0.8 | 1.1 | 1.2 | 2.1 | 3.2 | 3.1 | 2.6 | 2.4 | 2.7 |
| Debt to Equity ⓘ | 2.5 | 2.2 | 2.6 | 0.9 | 0.9 | 0.7 | 0.5 | 0.3 | 0.3 | 0.5 | 0.2 |
| Working Cap Days ⓘ | 108 | 105 | 120 | 121 | 110 | 123 | 139 | 107 | 112 | 129 | 62 |
| Cash Conv. Cycle ⓘ | 11 | 5 | 8 | 27 | 26 | 32 | 34 | 25 | 29 | 46 | 18 |
No data to display
Return on Equity has declined versus last 3 years average to 13.40%
Sales growth has been subdued in last 3 years 4.74%
Net Profit has been subdued in last 3 years -5.48%
Sales growth is not so good in last 4 quarters at -2.81%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.5 | 0.1 |
| TTM Sales (₹ Cr.) | 587 | 234 |
| BVPS (₹.) ⓘ | 26.8 | 0 |
| Reserves (₹ Cr.) ⓘ | 119 | 10 |
| P/BV ⓘ | 4.44 | 0.00 |
| PE ⓘ | 34.47 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 100.00 / 152.90 |
| All Time Low / High (₹) | 0.10 / 225.30 |
| Market Cap (₹ Cr.) | 547 |
| Equity (₹ Cr.) | 4.6 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 55.9 |
| Pledged * | 22.91 | 22.91 | 22.91 | 22.91 | 22.91 | 22.91 | 22.91 | 13.10 | 13.10 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 254 | 270 | 260 | 330 | 446 | 422 | 491 | 814 | 743 | 564 |
| Operating Expenses ⓘ | 246 | 259 | 248 | 317 | 430 | 403 | 460 | 770 | 709 | 533 |
| Manufacturing Costs | 21 | 18 | 18 | 20 | 27 | 30 | 33 | 60 | 63 | 60 |
| Material Costs | 210 | 220 | 213 | 274 | 375 | 337 | 395 | 674 | 595 | 426 |
| Employee Cost | 6 | 6 | 6 | 8 | 10 | 12 | 12 | 14 | 19 | 19 |
| Other Costs ⓘ | 9 | 15 | 11 | 15 | 18 | 24 | 21 | 23 | 32 | 28 |
| Operating Profit ⓘ | 8 | 11 | 11 | 13 | 17 | 19 | 31 | 43 | 35 | 31 |
| Operating Profit Margin (%) | 3.2% | 4.1% | 4.3% | 3.9% | 3.7% | 4.5% | 6.3% | 5.3% | 4.7% | 5.5% |
| Other Income ⓘ | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 0 | 0 |
| Interest ⓘ | 6 | 8 | 7 | 7 | 8 | 8 | 7 | 6 | 6 | 7 |
| Depreciation ⓘ | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 4 | 5 | 6 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 2 | 3 | 4 | 7 | 9 | 21 | 34 | 24 | 18 |
| Tax ⓘ | 0 | 0 | 1 | 1 | 2 | 2 | 6 | 9 | 7 | 5 |
| Profit After Tax | 0 | 2 | 2 | 3 | 5 | 7 | 16 | 25 | 17 | 13 |
| PAT Margin (%) | 0.1% | 0.6% | 0.8% | 0.9% | 1.2% | 1.7% | 3.2% | 3.1% | 2.3% | 2.3% |
| Adjusted EPS (₹) | 0.1 | 0.4 | 0.5 | 0.6 | 1.1 | 1.5 | 3.4 | 5.5 | 3.7 | 2.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 16% | 9% | 7% | 4% | 4% | 5% | 7% |
| 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 | 14 | 16 | 18 | 35 | 40 | 46 | 61 | 85 | 102 | 114 |
| Share Capital ⓘ | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves ⓘ | 10 | 12 | 14 | 30 | 35 | 41 | 56 | 81 | 97 | 109 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 33 | 32 | 43 | 30 | 29 | 27 | 21 | 21 | 21 | 43 |
| Long Term Debt | 17 | 16 | 26 | 14 | 15 | 16 | 20 | 18 | 16 | 25 |
| Short Term Debt | 15 | 16 | 17 | 16 | 14 | 11 | 2 | 3 | 5 | 17 |
| Trade Payables | 54 | 60 | 58 | 80 | 98 | 87 | 160 | 160 | 121 | 93 |
| Others Liabilities ⓘ | 11 | 11 | 12 | 12 | 20 | 32 | 48 | 49 | 52 | 46 |
| Total Liabilities ⓘ | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 295 | 295 |
Fixed Assets | ||||||||||
| Gross Block | 39 | 40 | 40 | 48 | 58 | 68 | 82 | 94 | 111 | 134 |
| Accumulated Depreciation | 14 | 16 | 17 | 19 | 21 | 24 | 27 | 30 | 35 | 41 |
| Net Fixed Assetsⓘ | 25 | 24 | 23 | 30 | 37 | 44 | 54 | 64 | 76 | 94 |
| CWIP ⓘ | 1 | 0 | 1 | 0 | 0 | 6 | 0 | 1 | 4 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 25 | 26 | 21 | 34 | 40 | 37 | 72 | 76 | 84 | 76 |
| Trade Receivables | 42 | 44 | 64 | 78 | 97 | 95 | 151 | 145 | 110 | 101 |
| Cash Equivalents | 4 | 6 | 5 | 3 | 3 | 1 | 3 | 6 | 5 | 12 |
| Others Assetsⓘ | 15 | 18 | 16 | 11 | 9 | 8 | 10 | 24 | 16 | 13 |
| Total Assets ⓘ | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 295 | 295 |
| 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 ⓘ | 16 | 13 | -4 | 11 | 16 | 21 | 23 | 25 | 21 | 14 |
| PBT ⓘ | 1 | 2 | 3 | 4 | 7 | 9 | 21 | 34 | 24 | 18 |
| Adjustment ⓘ | 8 | 9 | 9 | 10 | 8 | 15 | 11 | 9 | 15 | 13 |
| Changes in Working Capital ⓘ | 7 | 2 | -15 | -2 | 2 | -0 | -6 | -8 | -12 | -13 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 | -1 | -2 | -3 | -11 | -6 | -4 |
| Cash Flow From Investing Activity ⓘ | 0 | -2 | -1 | -6 | -10 | -12 | -7 | -15 | -19 | -17 |
| Capex | -2 | -1 | -2 | -7 | -10 | -14 | -7 | -15 | -19 | -17 |
| Net Investments | 0 | 0 | 2 | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -15 | -9 | 4 | -5 | -7 | -9 | -15 | -6 | -3 | 10 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 14 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2 | -1 | 10 | -12 | 1 | 0 | 4 | -2 | -2 | 9 |
| Interest Paid ⓘ | -6 | -8 | -6 | -6 | -8 | -8 | -7 | -6 | -6 | -8 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | -1 | 0 | 0 | -1 | -1 | -1 |
| Others ⓘ | -7 | 0 | 1 | -1 | 1 | -1 | -11 | 2 | 6 | 10 |
| Net Cash Flow ⓘ | 0 | 1 | 0 | 0 | 0 | -1 | 1 | 3 | -1 | 7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.69 | 10.52 | 12.11 | 10.82 | 13.99 | 16.49 | 29.39 | 34.53 | 18.21 | 12.29 |
| ROCE (%) | 12.87 | 19.8 | 17.56 | 16.91 | 21.98 | 22.25 | 33.25 | 39.74 | 24.26 | 16.7 |
| Asset Turnover Ratio | 2.49 | 2.58 | 2.32 | 2.37 | 2.6 | 2.24 | 2.04 | 2.68 | 2.43 | 1.91 |
| PAT to CFO Conversion(x) | N/A | 6.5 | -2 | 3.67 | 3.2 | 3 | 1.44 | 1 | 1.24 | 1.08 | Working Capital Days |
| Receivable Days | 58 | 53 | 69 | 77 | 71 | 83 | 91 | 66 | 63 | 68 |
| Inventory Days | 32 | 31 | 30 | 30 | 30 | 33 | 40 | 33 | 39 | 52 |
| Payable Days | 92 | 94 | 101 | 91 | 86 | 100 | 114 | 87 | 86 | 92 |
Nikhil Adhesives (NAL) founded in 1986 as Hans marketing & Services Pvt. Ltd., is a leading manufacturing and marketing company in India .The company markets various chemicals such as VAM, BAM, 2EHA, EA etc. representing, MITCO (Petronas) Malaysia & Other Multinational Companies all over the world. Nikhil Adhesives has about 300 industrial customers, 500 dealers and distributors and about 3000 retail outlets all over india.
The company tries to deliver value products and services by employing state of the art technology and absolute focus to their customers. The synergy of commitment, technology and prompt deliverables is what makes Nikhil Adhesives the right choices.
The company is having two manufacturing facilities, one in Dahanu with capacity of -12000 MT and the other in Silvasa with Capacity of 12000 MT.
The state of the art laboratory equipped with modern testing equipments is constantly upgrading the information base and working always towards product perfection. Our laboratory activities are focused on the development of new grades as well as improvement of existing products. The laboratory is managed by qualified and experienced persons from the field of emulsion technology. Regular interactions of R&D and technical services persons are arranged with customers to understand their requirements in totality. This helps company to do value addition to the product range manufactured by the company.
Product Range of the company includes: Industrial Chemicals
Consumer Chemicals
Trading
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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