Past 10 year's financial track record analysis by Moneyworks4me indicates that Nitta Gelatin India Ltd is a average quality company.
The key valuation ratios of Nitta Gelatin India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nitta Gelatin India 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 % ⓘ | 10.7% | 17.1% | 16.9% | 7.4% | 1.9% | 6.5% | 13% | 17.1% | 30.6% | 36.6% | - |
| Value Creation Index ⓘ | -0.2 | 0.2 | 0.2 | -0.5 | -0.9 | -0.5 | -0.1 | 0.2 | 1.2 | 1.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 359 | 359 | 341 | 343 | 261 | 294 | 354 | 429 | 487 | 473 | 497 |
| Sales YoY Gr. | - | -0.2% | -5% | 0.7% | -23.9% | 12.7% | 20.3% | 21% | 13.6% | -2.8% | - |
| Adj EPS ⓘ | 4.3 | 17.4 | 17.5 | 3.1 | -1.3 | 8.3 | 19.6 | 26.6 | 66.5 | 87.8 | 79 |
| YoY Gr. | - | 308.5% | 0.8% | -82.2% | -142.4% | NA | 136.5% | 35.7% | 149.6% | 32.2% | - |
| BVPS (₹) ⓘ | 133.9 | 147.3 | 153.3 | 161.7 | 157 | 157.7 | 179.6 | 203.5 | 264.3 | 347.6 | 384.2 |
| Adj Net Profit ⓘ | 3.9 | 15.8 | 15.9 | 2.8 | -1.2 | 7.5 | 17.8 | 24.2 | 60.4 | 79.8 | 72 |
| Cash Flow from Ops. ⓘ | 16.8 | 28.9 | 11 | 26.1 | 27.8 | 33.1 | 15.1 | 13.3 | 78.3 | 79.5 | - |
| Debt/CF from Ops. ⓘ | 3.1 | 1.9 | 7.7 | 4 | 3.6 | 2.4 | 4.9 | 6 | 0.4 | 0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.1% | 12.6% | 10.1% | -2.8% | ||||
| Adj EPS ⓘ | 40% | NA | 64.8% | 32.2% | ||||
| BVPSⓘ | 11.2% | 17.2% | 24.6% | 31.5% | ||||
| Share Price | 16.1% | 43.6% | 54.7% | 0.2% | ||||
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 % ⓘ | 3.3 | 11.6 | 11 | 2 | -0.8 | 5.3 | 11.6 | 13.9 | 28.4 | 28.7 | 21.6 |
| Op. Profit Mgn % ⓘ | 7.5 | 11 | 11.3 | 8 | 7.8 | 9.1 | 11.4 | 11.8 | 19 | 23.3 | 20.5 |
| Net Profit Mgn % ⓘ | 1.1 | 4.4 | 4.7 | 0.8 | -0.5 | 2.6 | 5 | 5.6 | 12.4 | 16.9 | 14.4 |
| Debt to Equity ⓘ | 0.4 | 0.4 | 0.6 | 0.7 | 0.7 | 0.6 | 0.5 | 0.4 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 89 | 94 | 131 | 170 | 230 | 187 | 163 | 158 | 148 | 156 | 97 |
| Cash Conv. Cycle ⓘ | 41 | 49 | 79 | 107 | 138 | 112 | 101 | 110 | 102 | 99 | 69 |
Sales growth is growing at healthy rate in last 3 years 10.11%
Net Profit is growing at healthy rate in last 3 years 64.79%
Return on Equity has declined versus last 3 years average to 21.60%
Sales growth is not so good in last 4 quarters at 2.09%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 79 | 81.2 |
| TTM Sales (₹ Cr.) | 497 | 534 |
| BVPS (₹.) ⓘ | 384.2 | 416 |
| Reserves (₹ Cr.) ⓘ | 345 | 369 |
| P/BV ⓘ | 2.02 | 1.87 |
| PE ⓘ | 9.85 | 9.58 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 745.00 / 1184.00 |
| All Time Low / High (₹) | 7.39 / 1184.00 |
| Market Cap (₹ Cr.) | 706 |
| Equity (₹ Cr.) | 9.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.2 |
| 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 | 359 | 359 | 341 | 343 | 261 | 294 | 354 | 429 | 487 | 473 |
| Operating Expenses ⓘ | 332 | 319 | 304 | 316 | 243 | 268 | 314 | 378 | 397 | 363 |
| Manufacturing Costs | 89 | 80 | 69 | 89 | 75 | 76 | 74 | 89 | 94 | 93 |
| Material Costs | 199 | 197 | 182 | 175 | 116 | 138 | 188 | 227 | 232 | 203 |
| Employee Cost | 23 | 25 | 27 | 32 | 33 | 35 | 36 | 42 | 45 | 47 |
| Other Costs ⓘ | 21 | 17 | 26 | 19 | 18 | 19 | 17 | 20 | 26 | 20 |
| Operating Profit ⓘ | 27 | 39 | 37 | 27 | 18 | 27 | 40 | 51 | 90 | 110 |
| Operating Profit Margin (%) | 7.4% | 10.9% | 10.9% | 7.9% | 7.0% | 9.1% | 11.3% | 11.8% | 18.5% | 23.3% |
| Other Income ⓘ | 2 | 2 | 9 | 5 | 1 | 3 | 5 | 6 | 5 | 17 |
| Interest ⓘ | 8 | 6 | 4 | 7 | 8 | 8 | 5 | 5 | 4 | 3 |
| Depreciation ⓘ | 10 | 9 | 10 | 14 | 14 | 15 | 15 | 14 | 13 | 14 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 10 | 26 | 32 | 11 | -4 | 7 | 24 | 38 | 78 | 110 |
| Tax ⓘ | 5 | 10 | 11 | 7 | -1 | -1 | 6 | 11 | 19 | 27 |
| Profit After Tax | 5 | 17 | 20 | 4 | -3 | 8 | 18 | 27 | 59 | 82 |
| PAT Margin (%) | 1.4% | 4.7% | 6.0% | 1.1% | -1.0% | 2.7% | 5.1% | 6.2% | 12.1% | 17.4% |
| Adjusted EPS (₹) | 5.6 | 17.5 | 22.6 | 4.2 | -2.9 | 8.7 | 19.7 | 29.3 | 64.7 | 90.9 |
| Dividend Payout Ratio (%) | 18% | 14% | 11% | 60% | -52% | 29% | 15% | 14% | 12% | 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 | 122 | 150 | 139 | 147 | 143 | 143 | 163 | 185 | 240 | 316 |
| Share Capital ⓘ | 9 | 25 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves ⓘ | 113 | 125 | 130 | 138 | 133 | 134 | 154 | 176 | 231 | 307 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 50 | 52 | 81 | 97 | 95 | 72 | 69 | 59 | 32 | 27 |
| Long Term Debt | 8 | 12 | 20 | 38 | 34 | 29 | 23 | 7 | 7 | 4 |
| Short Term Debt | 42 | 40 | 61 | 59 | 61 | 43 | 46 | 52 | 25 | 23 |
| Trade Payables | 27 | 23 | 18 | 27 | 21 | 22 | 24 | 19 | 29 | 30 |
| Others Liabilities ⓘ | 15 | 24 | 32 | 34 | 36 | 36 | 31 | 53 | 26 | 27 |
| Total Liabilities ⓘ | 214 | 249 | 271 | 305 | 295 | 273 | 287 | 316 | 326 | 400 |
Fixed Assets | ||||||||||
| Gross Block | 200 | 211 | 87 | 133 | 162 | 169 | 176 | 183 | 199 | 208 |
| Accumulated Depreciation | 123 | 131 | 10 | 23 | 36 | 53 | 68 | 81 | 91 | 102 |
| Net Fixed Assetsⓘ | 77 | 80 | 77 | 110 | 126 | 116 | 108 | 102 | 109 | 106 |
| CWIP ⓘ | 8 | 7 | 11 | 10 | 3 | 4 | 2 | 7 | 7 | 8 |
| Investmentsⓘ | 32 | 45 | 27 | 4 | 4 | 4 | 4 | 4 | 5 | 5 |
| Inventories | 54 | 61 | 63 | 72 | 64 | 83 | 83 | 92 | 85 | 91 |
| Trade Receivables | 22 | 20 | 52 | 61 | 53 | 27 | 55 | 76 | 79 | 78 |
| Cash Equivalents | 2 | 20 | 10 | 7 | 5 | 2 | 2 | 1 | 11 | 71 |
| Others Assetsⓘ | 19 | 16 | 31 | 40 | 38 | 37 | 32 | 33 | 32 | 41 |
| Total Assets ⓘ | 214 | 249 | 271 | 305 | 295 | 273 | 287 | 316 | 326 | 400 |
| 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 ⓘ | 17 | 29 | 11 | 26 | 28 | 33 | 15 | 13 | 78 | 79 |
| PBT ⓘ | 10 | 26 | 32 | 11 | -4 | 7 | 24 | 38 | 78 | 110 |
| Adjustment ⓘ | 18 | 13 | 14 | 22 | 22 | 22 | 18 | 16 | 13 | 8 |
| Changes in Working Capital ⓘ | -9 | -5 | -27 | 5 | 12 | 7 | -23 | -41 | 7 | -11 |
| Tax Paid ⓘ | -3 | -5 | -8 | -11 | -3 | -2 | -5 | 0 | -20 | -28 |
| Cash Flow From Investing Activity ⓘ | -8 | -22 | -3 | -7 | -13 | -7 | -3 | -11 | -15 | -44 |
| Capex | -9 | -11 | -15 | -15 | -16 | -9 | -7 | -14 | -20 | -12 |
| Net Investments | 0 | -12 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | -41 |
| Others ⓘ | 0 | 1 | 12 | 8 | 3 | 2 | 4 | 2 | 5 | 9 |
| Cash Flow From Financing Activityⓘ | -8 | 11 | -6 | -20 | -14 | -29 | -12 | -2 | -53 | -15 |
| Net Proceeds from Shares ⓘ | 0 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 4 | -2 | -6 | -4 | -4 | -8 | -3 | -20 | -3 |
| Interest Paid ⓘ | -8 | -4 | -4 | -6 | -8 | -7 | -4 | -3 | -3 | -2 |
| Dividend Paid ⓘ | 0 | -1 | -3 | -3 | -2 | -1 | -2 | -3 | -4 | -7 |
| Others ⓘ | 0 | -4 | 3 | -5 | 1 | -17 | 2 | 6 | -27 | -3 |
| Net Cash Flow ⓘ | 1 | 18 | 2 | 0 | 1 | -3 | 0 | -1 | 10 | 20 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.31 | 13.07 | 15.01 | 2.64 | -1.82 | 5.53 | 11.69 | 15.29 | 27.68 | 29.69 |
| ROCE (%) | 10.69 | 17.05 | 16.89 | 7.37 | 1.93 | 6.46 | 12.97 | 17.06 | 30.57 | 36.62 |
| Asset Turnover Ratio | 1.75 | 1.6 | 1.31 | 1.2 | 0.87 | 1.04 | 1.27 | 1.43 | 1.52 | 1.31 |
| PAT to CFO Conversion(x) | 3.4 | 1.71 | 0.55 | 6.5 | N/A | 4.13 | 0.83 | 0.48 | 1.32 | 0.96 | Working Capital Days |
| Receivable Days | 22 | 21 | 39 | 60 | 80 | 50 | 42 | 56 | 58 | 60 |
| Inventory Days | 52 | 56 | 66 | 72 | 95 | 91 | 85 | 74 | 66 | 68 |
| Payable Days | 54 | 46 | 41 | 47 | 75 | 57 | 45 | 34 | 37 | 52 |
Nitta Gelatin India (NGIL) incorporated in 1975, is one of the most successful Indo-Japanese industrial ventures. It started commercial production in 1979. The company was jointly promoted by the Kerala State Industrial Development Corporation Limited with Nitta Gelatine Inc. Japan and Mitsubhishi Corporation Japan.
NGIL is the market leader in the production of premium Di Calcium Phosphate(DCP). With almost thirty years of expertise, NGIL produces and supplies premium quality DCP to major poultry farms and animal feed manufactures in India.
NGIL combines the best technology, marketing expertise, and most importantly, dedicated human resource. All of which go a long way to ensure their customer's absolute quality.
It is this simple realisation that urged them on across the last three decades to focus solely on quality. Perhaps it is this preoccupation with quality that won them rich dividends - awards for quality and performance, discerning clients across the world and a steady growth rate.
NGIL exercises stringent quality control not only in the selection of raw material but also at every stage of production, until the product is finally delivered into customer hands. The company is uniquely placed to draw on the vast resources of its collaborators to ensure that the products are consistently of high quality.
Product range of the company includes:
Milestones:
Achievements/ recognition:
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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