Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shree Hari Chemicals Export Ltd is a below average quality company.
The key valuation ratios of Shree Hari Chemicals Export 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 Shree Hari Chemicals Export 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 % ⓘ | 134.5% | 2% | -2.8% | -26% | -10.5% | -5.2% | 3.4% | 3.2% | -45.7% | 12.4% | - |
| Value Creation Index ⓘ | 8.6 | -0.9 | -1.2 | -2.9 | -1.8 | -1.4 | -0.8 | -0.8 | -4.3 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 131 | 101 | 115 | 54.6 | 50.5 | 57.1 | 56.2 | 76.5 | 103 | 138 | 137 |
| Sales YoY Gr. | - | -22.9% | 13.6% | -52.4% | -7.5% | 13% | -1.7% | 36.1% | 34.2% | 34.2% | - |
| Adj EPS ⓘ | 72.1 | 2.1 | -4.6 | -20.2 | -8.9 | -3.6 | 1.8 | -1.7 | -44.7 | 5 | 8.5 |
| YoY Gr. | - | -97.1% | -318% | NA | NA | NA | NA | -193.3% | NA | NA | - |
| BVPS (₹) ⓘ | 116 | 117.4 | 113.7 | 92.9 | 84.7 | 81 | 82.9 | 84.5 | 40.4 | 45.6 | 51.2 |
| Adj Net Profit ⓘ | 32.1 | 0.9 | -2.1 | -9 | -3.9 | -1.6 | 0.8 | -0.7 | -19.9 | 2.2 | 4 |
| Cash Flow from Ops. ⓘ | 26.9 | 6 | 5.5 | 4 | -5.4 | 0.1 | -1 | 5.2 | -3.9 | 10 | - |
| Debt/CF from Ops. ⓘ | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 4.3 | -7.7 | 2.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 0.6% | 22.2% | 34.8% | 34.2% | ||||
| Adj EPS ⓘ | -25.6% | NA | 41.2% | NA | ||||
| BVPSⓘ | -9.9% | -11.6% | -18% | 13.1% | ||||
| Share Price | -2.2% | 44.6% | 22.7% | 71.6% | ||||
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 % ⓘ | 88.5 | 1.8 | -4 | -19.5 | -10 | -4.4 | 2.2 | -2 | -71.6 | 11.7 | 17.5 |
| Op. Profit Mgn % ⓘ | 38 | 1.4 | -1 | -17.7 | -5.4 | -1 | 3.7 | 0.3 | -22.8 | 2.3 | 6.4 |
| Net Profit Mgn % ⓘ | 24.5 | 0.9 | -1.8 | -16.4 | -7.8 | -2.8 | 1.4 | -1 | -19.4 | 1.6 | 2.8 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 1.7 | 1.3 | 0.2 |
| Working Cap Days ⓘ | 106 | 186 | 151 | 219 | 134 | 147 | 226 | 252 | 226 | 132 | 50 |
| Cash Conv. Cycle ⓘ | 22 | 42 | 33 | 81 | 53 | 67 | 89 | 133 | 80 | 22 | -12 |
Return on Equity has increased versus last 3 years average to 17.50%
Sales growth is growing at healthy rate in last 3 years 34.83%
Net Profit is growing at healthy rate in last 3 years 41.19%
Debt to equity has increased versus last 3 years average to 1.32
Sales growth is not so good in last 4 quarters at -0.68%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.5 | - |
| TTM Sales (₹ Cr.) | 137 | - |
| BVPS (₹.) ⓘ | 51.2 | - |
| Reserves (₹ Cr.) ⓘ | 18 | - |
| P/BV ⓘ | 2.12 | - |
| PE ⓘ | 12.82 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 58.02 / 120.56 |
| All Time Low / High (₹) | 0.90 / 193.85 |
| Market Cap (₹ Cr.) | 48.3 |
| Equity (₹ Cr.) | 4.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 56.4 |
| 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 | 131 | 100.96 | 114.70 | 54.64 | 50.52 | 57.10 | 56.16 | 76.45 | 102.58 | 137.65 |
| Operating Expenses ⓘ | 81.47 | 99.54 | 115.80 | 64.29 | 53.26 | 57.68 | 54.08 | 76.21 | 126 | 134.52 |
| Manufacturing Costs | 20.63 | 24.73 | 25.93 | 13.90 | 11.78 | 14.69 | 12.11 | 20.61 | 22.15 | 27.60 |
| Material Costs | 43.08 | 60.95 | 72.02 | 38.54 | 29.25 | 31.10 | 30.30 | 41.10 | 85.79 | 85.48 |
| Employee Cost | 5.84 | 3.86 | 12.78 | 9.93 | 9.30 | 9.37 | 9.48 | 11.15 | 12.15 | 13.66 |
| Other Costs ⓘ | 11.92 | 10.01 | 5.08 | 1.93 | 2.93 | 2.52 | 2.19 | 3.35 | 5.91 | 7.79 |
| Operating Profit ⓘ | 49.52 | 1.42 | -1.10 | -9.65 | -2.74 | -0.58 | 2.08 | 0.24 | -23.43 | 3.13 |
| Operating Profit Margin (%) | 37.8% | 1.4% | -1.0% | -17.7% | -5.4% | -1.0% | 3.7% | 0.3% | -22.8% | 2.3% |
| Other Income ⓘ | 2.51 | 2.70 | 2.41 | 1.38 | 1.48 | 0.82 | 0.77 | 3.64 | 0.95 | 5.03 |
| Interest ⓘ | 0.16 | 0.10 | 0.22 | 0.10 | 0.08 | 0.02 | 0.02 | 0.47 | 1.85 | 2.67 |
| Depreciation ⓘ | 3.32 | 3.08 | 2.77 | 3.66 | 2.87 | 2.15 | 1.60 | 1.41 | 2.12 | 2.28 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.93 | 0 | 0 |
| Profit Before Tax ⓘ | 48.56 | 0.94 | -1.68 | -12.03 | -4.21 | -1.93 | 1.23 | 1.06 | -26.45 | 3.22 |
| Tax ⓘ | 16.49 | -0.18 | 0.18 | -3.27 | -0.64 | -0.33 | 0.39 | 0.39 | -6.65 | 0.92 |
| Profit After Tax | 32.07 | 1.12 | -1.86 | -8.76 | -3.57 | -1.60 | 0.84 | 0.68 | -19.80 | 2.29 |
| PAT Margin (%) | 24.5% | 1.1% | -1.6% | -16.0% | -7.1% | -2.8% | 1.5% | 0.9% | -19.3% | 1.7% |
| Adjusted EPS (₹) | 72.1 | 2.5 | -4.2 | -19.7 | -8.0 | -3.6 | 1.9 | 1.5 | -44.5 | 5.2 |
| Dividend Payout Ratio (%) | 3% | 40% | -24% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 51.60 | 52.19 | 50.57 | 41.30 | 37.65 | 36 | 36.85 | 37.55 | 17.95 | 20.29 |
| Share Capital ⓘ | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 |
| Reserves ⓘ | 47.15 | 47.74 | 46.12 | 36.85 | 33.20 | 31.55 | 32.41 | 33.11 | 13.50 | 15.84 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0.34 | 0 | 0 | 0 | 0 | 0 | 22.17 | 29.30 | 26.35 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.87 | 4.64 | 3.84 |
| Short Term Debt | 0 | 0.34 | 0 | 0 | 0 | 0 | 0 | 17.30 | 24.65 | 22.51 |
| Trade Payables | 12.40 | 17.98 | 21.99 | 10.29 | 4.27 | 15.09 | 16.42 | 28.92 | 36.78 | 18.37 |
| Others Liabilities ⓘ | 29.40 | 27.04 | 9.93 | 1.40 | 0.43 | 1.83 | 2.86 | 1.63 | -4.16 | -2.19 |
| Total Liabilities ⓘ | 93.40 | 97.55 | 82.49 | 52.99 | 42.35 | 52.92 | 56.14 | 90.27 | 79.86 | 62.82 |
Fixed Assets | ||||||||||
| Gross Block | 36.29 | 17.86 | 44.87 | 45.75 | 45.75 | 45.75 | 45.03 | 53.17 | 58.72 | 60.43 |
| Accumulated Depreciation | 21.70 | 4.50 | 27.54 | 31.16 | 34.03 | 36.18 | 37.10 | 38.51 | 40.63 | 42.87 |
| Net Fixed Assetsⓘ | 14.60 | 13.36 | 17.33 | 14.59 | 11.72 | 9.57 | 7.93 | 14.66 | 18.09 | 17.57 |
| CWIP ⓘ | 0 | 1.43 | 0.62 | 0 | 0 | 0 | 0.25 | 3.83 | 0.41 | 0.67 |
| Investmentsⓘ | 0.33 | 0.33 | 0.64 | 0.64 | 0.60 | 0.68 | 1.14 | 0.77 | 0.74 | 0.74 |
| Inventories | 17.49 | 11.93 | 11.93 | 8.32 | 6.47 | 7.49 | 7.36 | 40.34 | 22.91 | 8.70 |
| Trade Receivables | 13.41 | 13.41 | 23.04 | 8.67 | 4.96 | 20.90 | 24.18 | 16.90 | 27.65 | 21.80 |
| Cash Equivalents | 27.28 | 30.74 | 20.62 | 15.42 | 15.18 | 11.65 | 8.42 | 3.75 | 0.74 | 3.86 |
| Others Assetsⓘ | 20.29 | 26.34 | 8.30 | 5.34 | 3.42 | 2.63 | 6.87 | 10.02 | 9.33 | 9.49 |
| Total Assets ⓘ | 93.40 | 97.55 | 82.49 | 52.99 | 42.35 | 52.92 | 56.14 | 90.27 | 79.86 | 62.82 |
| 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 ⓘ | 26.88 | 5.96 | 5.45 | 3.98 | -5.44 | 0.08 | -1.01 | 5.24 | -3.86 | 9.96 |
| PBT ⓘ | 32.07 | 1.12 | -1.72 | -12.03 | -4.21 | -1.93 | 1.23 | 1.06 | -26.45 | 3.22 |
| Adjustment ⓘ | 17.91 | 0.52 | 1.41 | 2.86 | 2 | 1.47 | 1.05 | 1.18 | 3.61 | 4.27 |
| Changes in Working Capital ⓘ | -7.64 | 8.14 | 5.76 | 13.15 | -3.22 | 0.55 | -3.29 | 3 | 18.98 | 2.47 |
| Tax Paid ⓘ | -15.46 | -3.91 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -5.03 | -1.06 | -4.11 | 1.03 | 1.49 | 0.88 | -0.21 | -10.69 | -1.68 | -1.47 |
| Capex | -7.19 | -3.28 | -5.93 | -0.15 | 0 | 0 | -0.20 | -11.73 | -2.06 | -1.95 |
| Net Investments | 0 | 0 | -0.01 | 0 | 0.06 | 0 | -0.50 | 0.39 | 0 | 0 |
| Others ⓘ | 2.16 | 2.22 | 1.82 | 1.17 | 1.43 | 0.88 | 0.49 | 0.65 | 0.38 | 0.47 |
| Cash Flow From Financing Activityⓘ | -0.68 | -1.44 | -0.76 | -0.64 | 0 | 0 | 0 | 4.87 | 5.56 | -5.31 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.16 | -0.10 | -0.22 | -0.10 | 0 | 0 | 0 | 0 | -1.74 | -2.39 |
| Dividend Paid ⓘ | -0.52 | -1.33 | -0.54 | -0.54 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.87 | 7.29 | -2.92 |
| Net Cash Flow ⓘ | 21.17 | 3.46 | 0.58 | 4.37 | -3.95 | 0.97 | -1.22 | -0.58 | 0.02 | 3.17 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 88.52 | 2.17 | -3.62 | -19.06 | -9.05 | -4.36 | 2.32 | 1.82 | -71.36 | 12 |
| ROCE (%) | 134.46 | 2.01 | -2.83 | -25.96 | -10.48 | -5.19 | 3.44 | 3.17 | -45.68 | 12.41 |
| Asset Turnover Ratio | 1.93 | 1.06 | 1.27 | 0.81 | 1.06 | 1.2 | 1.03 | 1.04 | 1.21 | 1.93 |
| PAT to CFO Conversion(x) | 0.84 | 5.32 | N/A | N/A | N/A | N/A | -1.2 | 7.71 | N/A | 4.35 | Working Capital Days |
| Receivable Days | 36 | 48 | 58 | 106 | 49 | 83 | 146 | 98 | 79 | 66 |
| Inventory Days | 37 | 53 | 38 | 68 | 53 | 45 | 48 | 114 | 113 | 42 |
| Payable Days | 100 | 91 | 101 | 153 | 91 | 114 | 190 | 201 | 140 | 118 |
Shree Hari Chemicals (India) was incorporated on October 9, 1987 and changed the name as Shree Hari Chemicals Export (SHCEL) on April 16,1992. Factory of Shree Hari Chemicals Export (SHCEL), is located at Mahad, Raigad District of Maharashtra, India; one of the Largest Manufacturing unit of H-Acid in India . Through Innovation, dedication & customer satisfaction, they have succeeded in winning customers worldwide.
The company went for public issue in 1992.In appreciation of valuable contribution towards the success of Convention on Colorants - 2007.
Shree Hari Chemicals Export is a customer driven company with the vision to become one of the largest maufacturer of H-Acid in the world.
The main plant of the company is situated at the premier industrial estate Mahad, about 175 Km from mumbai, on Mumbai - Goa highway. It is in proximity to the main market of Mumbai, as well as to ports (Mumbai & Nhava Sheva). Apart from that SHCEL is having production facilities at their associates in Gujrat.
The research centre of SHCEL has been playing a crucial role in marketing the company, the leader of its field, with its pioneering accomplishment in technological innovation and research ever since its foundation in the year 1987. They continuously analyse the environmental impacts of their products and seriously take into account the possible danger to the natural environment.
SHCEL has customer base in India & in international market like Singapore, Korea, Malaysia, Thailand, Turkey, Taiwan, Bangladesh, USA, Canada, Australia, Newzealand, Italy, Dubai UK, France etc.
SHCEL is the key supplier of H-Acid across the world. Over 60 % of H-Acid produced by the company is exported to world market and the rest is supplied in domestic market. The customers of SHCEL can always expect, not only the commitment of supplies on time but also consistent quality and services.They have been credited with various export awards & certificates.
State-of-the art-facilities, supported by product innovation, R & D and an efficient services network have made it the number one choice among its ever-expanding customer base.
The company has installed the latest world class solvent plant system, enabling them to adhere to the highest quality standards. The ever growing list of customers in India and worldwide is the biggest testimonial of their infrastructure and product performance.
Product range of the company includes:
SHCEL has customer base in India & International market like Singapore, Korea, Malaysia, Thailand, Turkey, Taiwan, Bangladesh, USA, Canada, Australia, Newzealand, Italy, Dubai UK, France etc.
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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