Past 10 year's financial track record analysis by Moneyworks4me indicates that Sunshield Chemicals Ltd is a average quality company.
The key valuation ratios of Sunshield Chemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sunshield Chemicals 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 % ⓘ | -0.5% | 7% | 1.2% | 9.7% | 9.2% | 9.4% | 20.4% | 35.7% | 19.3% | 22.2% | - |
| Value Creation Index ⓘ | -1.0 | -0.5 | -0.9 | -0.3 | -0.4 | -0.3 | 0.5 | 1.6 | 0.4 | 0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 119 | 150 | 166 | 183 | 190 | 181 | 199 | 244 | 245 | 283 | 322 |
| Sales YoY Gr. | - | 26.2% | 10.3% | 10.7% | 3.5% | -4.5% | 9.7% | 22.8% | 0.3% | 15.8% | - |
| Adj EPS ⓘ | -3.6 | -3.1 | -7.9 | 0.8 | 0.7 | 1.2 | 20.2 | 20.2 | 16.9 | 24.5 | 24.9 |
| YoY Gr. | - | NA | NA | NA | -1.3% | 58.1% | 1623.1% | 0.2% | -16.3% | 44.8% | - |
| BVPS (₹) ⓘ | 24 | 22.9 | 13.4 | 15.1 | 15.3 | 16.1 | 35.6 | 73 | 89.8 | 111.8 | 120.2 |
| Adj Net Profit ⓘ | -2.7 | -2.3 | -5.8 | 0.6 | 0.5 | 0.9 | 14.8 | 14.9 | 12.4 | 18 | 18 |
| Cash Flow from Ops. ⓘ | 12.9 | 0.7 | 11.6 | 2.1 | 14.5 | 19.4 | 34.6 | 33 | 14.1 | 42.1 | - |
| Debt/CF from Ops. ⓘ | 5.8 | 148.9 | 8.6 | 51.6 | 7.3 | 5.6 | 2.5 | 2.4 | 5.5 | 2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10.1% | 8.4% | 12.6% | 15.8% | ||||
| Adj EPS ⓘ | NA | 101.4% | 6.7% | 44.8% | ||||
| BVPSⓘ | 18.6% | 48.8% | 46.5% | 24.5% | ||||
| Share Price | 15.7% | 51% | 41% | 14.1% | ||||
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 % ⓘ | -13.8 | -13.4 | -43.3 | 5.3 | 4.9 | 7.4 | 78.1 | 37.2 | 20.8 | 24.3 | 21.5 |
| Op. Profit Mgn % ⓘ | 2.4 | 6.5 | 5.1 | 8.5 | 8.6 | 9.4 | 15.4 | 12.8 | 12.7 | 14.3 | 11.9 |
| Net Profit Mgn % ⓘ | -2.2 | -1.5 | -3.5 | 0.3 | 0.3 | 0.5 | 7.5 | 6.1 | 5.1 | 6.4 | 5.7 |
| Debt to Equity ⓘ | 4.2 | 6 | 10.1 | 9.9 | 9.4 | 9.3 | 3.4 | 1.5 | 1.2 | 1 | 0.3 |
| Working Cap Days ⓘ | 162 | 139 | 138 | 144 | 153 | 154 | 136 | 128 | 146 | 131 | 58 |
| Cash Conv. Cycle ⓘ | 64 | 43 | 49 | 59 | 62 | 63 | 54 | 47 | 62 | 60 | -9 |
Sales growth is growing at healthy rate in last 3 years 12.57%
Sales growth is good in last 4 quarters at 28.41%
Return on Equity has declined versus last 3 years average to 21.50%
Net Profit has been subdued in last 3 years 6.70%
Debt to equity has increased versus last 3 years average to 1.04
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 24.9 | - |
| TTM Sales (₹ Cr.) | 322 | - |
| BVPS (₹.) ⓘ | 120.2 | - |
| Reserves (₹ Cr.) ⓘ | 81 | - |
| P/BV ⓘ | 8.26 | - |
| PE ⓘ | 39.82 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 730.20 / 1125.00 |
| All Time Low / High (₹) | 0.79 / 1125.00 |
| Market Cap (₹ Cr.) | 729 |
| Equity (₹ Cr.) | 7.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 55.9 |
| 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 | 119 | 150 | 166 | 183 | 190 | 181 | 199 | 244 | 245 | 283 |
| Operating Expenses ⓘ | 117 | 140 | 159 | 168 | 173 | 164 | 169 | 213 | 214 | 243 |
| Manufacturing Costs | 15 | 19 | 22 | 26 | 25 | 26 | 25 | 25 | 27 | 27 |
| Material Costs | 83 | 96 | 108 | 118 | 125 | 114 | 120 | 164 | 160 | 187 |
| Employee Cost | 6 | 7 | 7 | 7 | 6 | 7 | 8 | 9 | 13 | 16 |
| Other Costs ⓘ | 13 | 18 | 22 | 17 | 17 | 18 | 17 | 15 | 13 | 12 |
| Operating Profit ⓘ | 2 | 10 | 7 | 16 | 16 | 17 | 30 | 31 | 31 | 40 |
| Operating Profit Margin (%) | 1.8% | 6.5% | 4.3% | 8.5% | 8.6% | 9.4% | 14.9% | 12.8% | 12.7% | 14.3% |
| Other Income ⓘ | 1 | 3 | 0 | 2 | 2 | 1 | 0 | 1 | 2 | 1 |
| Interest ⓘ | 3 | 11 | 9 | 10 | 11 | 10 | 7 | 5 | 7 | 8 |
| Depreciation ⓘ | 3 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -2 | -1 | 0 | 18 | 0 | 0 |
| Profit Before Tax ⓘ | -4 | -3 | -8 | 2 | 0 | 1 | 17 | 39 | 19 | 27 |
| Tax ⓘ | -1 | -3 | -1 | 0 | 0 | 1 | 2 | 12 | 5 | 8 |
| Profit After Tax | -3 | -1 | -7 | 1 | 0 | 1 | 14 | 27 | 14 | 19 |
| PAT Margin (%) | -2.7% | -0.6% | -4.0% | 0.7% | 0.1% | 0.4% | 7.1% | 11.3% | 5.6% | 6.7% |
| Adjusted EPS (₹) | -4.3 | -1.2 | -9.1 | 1.6 | 0.3 | 0.9 | 19.3 | 37.4 | 18.6 | 25.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 11% | 9% |
| 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 | 18 | 17 | 10 | 11 | 11 | 12 | 26 | 54 | 66 | 82 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves ⓘ | 10 | 9 | 2 | 4 | 4 | 4 | 19 | 46 | 59 | 75 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 74 | 101 | 82 | 105 | 84 | 109 | 88 | 79 | 67 | 50 |
| Long Term Debt | 42 | 60 | 41 | 37 | 17 | 50 | 50 | 35 | 41 | 16 |
| Short Term Debt | 32 | 41 | 41 | 68 | 67 | 59 | 38 | 44 | 26 | 34 |
| Trade Payables | 17 | 25 | 21 | 24 | 20 | 22 | 21 | 33 | 24 | 41 |
| Others Liabilities ⓘ | 23 | 8 | 29 | 18 | 34 | 5 | 8 | 19 | 21 | 56 |
| Total Liabilities ⓘ | 131 | 151 | 142 | 159 | 150 | 149 | 142 | 185 | 177 | 229 |
Fixed Assets | ||||||||||
| Gross Block | 53 | 107 | 80 | 83 | 86 | 95 | 95 | 106 | 120 | 122 |
| Accumulated Depreciation | 22 | 27 | 6 | 12 | 18 | 24 | 29 | 34 | 40 | 47 |
| Net Fixed Assetsⓘ | 31 | 79 | 74 | 71 | 69 | 71 | 66 | 71 | 79 | 75 |
| CWIP ⓘ | 48 | 2 | 3 | 3 | 3 | 0 | 1 | 7 | 1 | 45 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 20 | 28 | 22 | 31 | 28 | 29 | 26 | 29 | 36 | 43 |
| Trade Receivables | 12 | 26 | 27 | 30 | 27 | 28 | 29 | 41 | 40 | 48 |
| Cash Equivalents | 0 | 2 | 1 | 3 | 2 | 1 | 4 | 6 | 2 | 1 |
| Others Assetsⓘ | 21 | 15 | 14 | 21 | 22 | 20 | 16 | 30 | 19 | 18 |
| Total Assets ⓘ | 131 | 151 | 142 | 159 | 150 | 149 | 142 | 185 | 177 | 229 |
| 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 ⓘ | 13 | 1 | 12 | 2 | 15 | 19 | 35 | 33 | 14 | 42 |
| PBT ⓘ | -4 | -3 | -8 | 2 | 0 | 1 | 17 | 39 | 19 | 27 |
| Adjustment ⓘ | 6 | 17 | 17 | 15 | 16 | 15 | 14 | 10 | 14 | 15 |
| Changes in Working Capital ⓘ | 11 | -13 | 2 | -14 | -1 | 4 | 6 | -8 | -16 | 5 |
| Tax Paid ⓘ | -1 | 0 | 0 | 0 | 0 | 0 | -2 | -8 | -4 | -4 |
| Cash Flow From Investing Activity ⓘ | -31 | -17 | -3 | -4 | -2 | -7 | -4 | -17 | -9 | -40 |
| Capex | -31 | -17 | -3 | -4 | -2 | -7 | -3 | -16 | -8 | -41 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 | 0 | 1 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 15 | 18 | -8 | 3 | -30 | -24 | -7 | -9 | -11 | -11 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 20 | 16 | 0 | 0 | 0 | 0 | 15 | 118 | 44 | 5 |
| Interest Paid ⓘ | -3 | -7 | -8 | -7 | -9 | -17 | -7 | -5 | -7 | -8 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -2 |
| Others ⓘ | -1 | 9 | 0 | 11 | -21 | -7 | -15 | -121 | -46 | -5 |
| Net Cash Flow ⓘ | -3 | 2 | 1 | 1 | -18 | -11 | 23 | 7 | -5 | -9 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -16.45 | -4.91 | -50.08 | 11.51 | 1.99 | 5.57 | 74.72 | 68.85 | 22.83 | 25.44 |
| ROCE (%) | -0.5 | 6.99 | 1.22 | 9.72 | 9.17 | 9.4 | 20.41 | 35.72 | 19.27 | 22.22 |
| Asset Turnover Ratio | 1.1 | 1.12 | 1.19 | 1.23 | 1.23 | 1.21 | 1.36 | 1.49 | 1.35 | 1.39 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 2 | N/A | 19 | 2.5 | 1.22 | 1 | 2.21 | Working Capital Days |
| Receivable Days | 64 | 43 | 55 | 56 | 54 | 55 | 52 | 52 | 61 | 57 |
| Inventory Days | 49 | 55 | 52 | 53 | 57 | 57 | 50 | 42 | 49 | 51 |
| Payable Days | 69 | 79 | 78 | 69 | 65 | 68 | 65 | 60 | 65 | 63 |
Sunshield Chemicals Ltd., (SCL) was incorporated in 1986, as private limited company and then became public. Satish Kelkar, the managing director, along with his close friends and relatives, started the business. This family business was later turned into a listed company and in April 2005, Amit C Choksey, from the family of founder promoters of Asian Paints, and Chairman of Mazda Colours, a prime Pthalocyanine blue & green manufacturer co- promoted Sunshield’s business in the field of Antioxidants and specialities for prime global customers.
Spread over more than 7.5 acres of land, Sunshield has its modern plant situated at Rasal, around 100 km from Mumbai, and just 60 km from the JNPT sea port convenient for making exports and imports.
With close inter user co-ordination, the company has developed many niche speciality products with unique applications for MNCs and large Indian corporates. It has a wide range of surfactants based on ethylene oxide condensates, propylene oxide condensates ,esters, amides and their blends that find application as emulsifiers and dispersants for agrochemicals, emulsifiers for textile auxilaries; as mineral oil emulsifiers for coning oils, orchard or tree spray oils; as viscosity builders in the manufacture of toilet cleaning preparations; as anti foaming agents for paints and lubricants; in metal treatment as cleaning and corrosion inhibitors and many more.
Product range of the company includes:
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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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