Is Nikhil Adhesives a good quality company?

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

Is Nikhil Adhesives undervalued or overvalued?

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 .

What is Nikhil Adhesives share price return in the past 10 years?

Nikhil Adhesives Ltd share price has appreciated 38.1% annually (CAGR) over the past ten years.

Is Nikhil Adhesives a good buy now?

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.

Nikhil Adhesives Ltd - Stock Valuation and Financial Performance

Name: Nikhil Adhesives
Brand: Nikhil Adhesives

BSE: 526159 | NSE: | Chemicals | Small Cap

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Nikhil Adhesives Share Price

₹120.70 -1.85 -1.51%
as on 20-Dec'24 16:59

10 Year X-Ray of Nikhil Adhesives:

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

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 % ⓘ	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 ⓘ

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	38.1%	60.1%	20.3%	-2.5%

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 % ⓘ	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

Recent Performance Summary

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%

Latest Financials - Nikhil Adhesives Ltd.

	Standalone	Consolidated
TTM EPS (₹)	3.5	0.1
TTM Sales (₹ Cr.)	587	234
BVPS (₹.) ⓘ	26.8	0
Reserves (₹ Cr.) ⓘ	119	10
P/BV ⓘ	4.50	0.00
PE ⓘ	34.96	0.00

From the Market
52 Week Low / High (₹)	100.00 / 152.90
All Time Low / High (₹)	0.10 / 225.30
Market Cap (₹ Cr.)	555
Equity (₹ Cr.)	4.6
Face Value (₹)	1
Industry PE ⓘ	57.2

Management X-Ray of Nikhil Adhesives:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

22.91

13.10

0.00

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

Valuation of Nikhil Adhesives

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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 Nikhil Adhesives

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	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%

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	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

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 ⓘ	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

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 (%)	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 Ltd Stock News

Nikhil Adhesives Ltd FAQs

What is the share price of Nikhil Adhesives?

Company share prices are keep on changing according to the market conditions. The closing price of Nikhil Adhesives on 20-Dec-2024 16:59 is ₹120.7.

What is the market cap of Nikhil Adhesives?

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 20-Dec-2024 16:59 the market cap of Nikhil Adhesives stood at ₹554.5.

What is the P/E ratio of Nikhil Adhesives?

The latest P/E ratio of Nikhil Adhesives as of 20-Dec-2024 16:59 is 34.96.

What is the P/B ratio of Nikhil Adhesives?

The latest P/B ratio of Nikhil Adhesives as of 20-Dec-2024 16:59 is 4.50.

What is the 52-week high and low of Nikhil Adhesives?

The 52-week high of Nikhil Adhesives is ₹152.9 and the 52-week low is ₹100.0.

What is the TTM revenue of Nikhil Adhesives?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nikhil Adhesives is ₹587.2 ( Cr.) .

About Nikhil Adhesives Ltd

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

Paint Emulsions
Textile
Emulsions
Construction
Chemicals
Adhesives

Consumer Chemicals

Consumer Products
Household Products
Art & Crafts

Trading

Monomers
Ethoxylates
Solvents

Milestones

1986 â€“ Nikhil adhesive Ltd. Was founded as Hans marketing & Services Pvt. Ltd. (HM&S Pvt. Ltd.).
1992 â€“ HM&S Pvt. Ltd. Merged with M/s Nikhil Industries under the name Nikhil Adhesives.
1992 â€“ Nikhil Adhesives became Public limited company (traded on the Bombay Stock Exchange).
2003 â€“ Nikhil Adhesives Ltd. Acquired M/s Mafatlal Dyes & Chemicals Ltd. formerly known as Hoechst Dyes & Chemicals Ltd. the pioneers of adhesives business in India, along with their Brands, Hoechst German Technology and Machineries.
2007 â€“ Nikhil Adhesives Ltd. expanded their manufacturing activity and setup a new additional unit at Silvassa equiped with modern machineries and facilities to produce and cater to the requirement of various industries.