BSE: 524370 | NSE: BODALCHEM | Dyes & Pigments | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Bodal Chemicals Ltd is a average quality company.
The key valuation ratios of Bodal Chemicals Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bodal 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 % ⓘ | 38.8% | 37.1% | 47.4% | 29.2% | 25.2% | 11.2% | 5.6% | 11.8% | 4.3% | 3.3% | - |
| Value Creation Index ⓘ | 1.8 | 1.7 | 2.4 | 1.1 | 0.8 | -0.2 | -0.6 | -0.2 | -0.7 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,045 | 910 | 1,182 | 1,121 | 1,379 | 1,224 | 1,130 | 2,011 | 1,555 | 1,386 | 1,576 |
| Sales YoY Gr. | - | -13% | 29.9% | -5.2% | 23.1% | -11.3% | -7.7% | 78% | -22.7% | -10.9% | - |
| Adj EPS ⓘ | 8.4 | 7.6 | 11.4 | 10.1 | 11.9 | 7.9 | 3.7 | 10 | 2.9 | 0.2 | 0.6 |
| YoY Gr. | - | -8.7% | 50% | -11.4% | 17.5% | -33.4% | -52.8% | 166% | -70.9% | -94.8% | - |
| BVPS (₹) ⓘ | 14.7 | 22 | 33.2 | 57.4 | 68.2 | 73 | 81 | 90 | 89.6 | 90 | 90.1 |
| Adj Net Profit ⓘ | 91.1 | 83.1 | 125 | 124 | 145 | 97 | 45.8 | 122 | 36.4 | 1.9 | 7 |
| Cash Flow from Ops. ⓘ | 198 | 133 | 112 | 22.1 | 210 | 65.5 | -21.6 | 29.8 | 246 | 191 | - |
| Debt/CF from Ops. ⓘ | 1.1 | 1.1 | 1.3 | 6.7 | 0.7 | 3.6 | -20.2 | 21.5 | 3.1 | 4.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.2% | 0.1% | 7.1% | -10.9% | ||||
| Adj EPS ⓘ | -36% | -58.3% | -65.8% | -94.8% | ||||
| BVPSⓘ | 22.3% | 5.7% | 3.6% | 0.5% | ||||
| Share Price | 7.7% | 4.1% | -15.2% | -20.5% | ||||
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 % ⓘ | 65.1 | 39.1 | 41.4 | 23.3 | 18.9 | 11 | 4.7 | 11.6 | 3.3 | 0.2 | 0.6 |
| Op. Profit Mgn % ⓘ | 17.9 | 17 | 18.7 | 17.6 | 17 | 11.7 | 7.4 | 11.2 | 8.4 | 7.8 | 8.4 |
| Net Profit Mgn % ⓘ | 8.7 | 9.1 | 10.6 | 11.1 | 10.5 | 7.9 | 4.1 | 6.1 | 2.3 | 0.1 | 0.5 |
| Debt to Equity ⓘ | 1.1 | 0.6 | 0.4 | 0.2 | 0.2 | 0.3 | 0.4 | 0.6 | 0.7 | 0.8 | 0.4 |
| Working Cap Days ⓘ | 122 | 122 | 111 | 167 | 164 | 210 | 265 | 184 | 240 | 228 | 83 |
| Cash Conv. Cycle ⓘ | 53 | 46 | 36 | 66 | 69 | 89 | 126 | 100 | 139 | 120 | 10 |
Debt to equity has declined versus last 3 years average to 0.79
Sales growth is good in last 4 quarters at 17.16%
Return on Equity has declined versus last 3 years average to 0.60%
Sales growth has been subdued in last 3 years 7.06%
Net Profit has been subdued in last 3 years -65.77%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.6 | 0.1 |
| TTM Sales (₹ Cr.) | 1,576 | 1,583 |
| BVPS (₹.) ⓘ | 90.1 | 86 |
| Reserves (₹ Cr.) ⓘ | 1,109 | 1,058 |
| P/BV ⓘ | 0.77 | 0.81 |
| PE ⓘ | 118.67 | 546.31 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 66.00 / 100.95 |
| All Time Low / High (₹) | 0.04 / 193.60 |
| Market Cap (₹ Cr.) | 874 |
| Equity (₹ Cr.) | 25.2 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 45.4 |
| 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 | 1,045 | 910 | 1,182 | 1,121 | 1,379 | 1,224 | 1,130 | 2,011 | 1,555 | 1,386 |
| Operating Expenses ⓘ | 861 | 760 | 962 | 924 | 1,146 | 1,091 | 1,047 | 1,787 | 1,434 | 1,279 |
| Manufacturing Costs | 96 | 103 | 115 | 130 | 159 | 167 | 160 | 439 | 348 | 399 |
| Material Costs | 658 | 570 | 761 | 702 | 876 | 774 | 739 | 1,115 | 891 | 702 |
| Employee Cost | 59 | 37 | 40 | 45 | 59 | 80 | 71 | 108 | 92 | 99 |
| Other Costs ⓘ | 48 | 50 | 45 | 48 | 52 | 70 | 77 | 125 | 103 | 79 |
| Operating Profit ⓘ | 184 | 150 | 221 | 197 | 233 | 132 | 83 | 224 | 121 | 108 |
| Operating Profit Margin (%) | 17.6% | 16.5% | 18.7% | 17.5% | 16.9% | 10.8% | 7.3% | 11.1% | 7.8% | 7.8% |
| Other Income ⓘ | 5 | 12 | 10 | 12 | 15 | 14 | 18 | 8 | 8 | 15 |
| Interest ⓘ | 27 | 12 | 7 | 5 | 7 | 14 | 9 | 21 | 34 | 52 |
| Depreciation ⓘ | 22 | 26 | 26 | 11 | 18 | 26 | 28 | 46 | 52 | 60 |
| Exceptional Items ⓘ | 0 | 8 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 139 | 132 | 203 | 193 | 222 | 106 | 64 | 165 | 43 | 12 |
| Tax ⓘ | 47 | 45 | 70 | 65 | 78 | 16 | 15 | 41 | 11 | 4 |
| Profit After Tax | 92 | 87 | 133 | 128 | 144 | 90 | 48 | 124 | 31 | 8 |
| PAT Margin (%) | 8.8% | 9.5% | 11.2% | 11.4% | 10.4% | 7.4% | 4.3% | 6.2% | 2.0% | 0.6% |
| Adjusted EPS (₹) | 8.4 | 7.9 | 12.2 | 10.4 | 11.8 | 7.4 | 4.0 | 10.2 | 2.5 | 0.6 |
| Dividend Payout Ratio (%) | 0% | 8% | 7% | 8% | 7% | 11% | 20% | 8% | 4% | 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 | 186 | 240 | 363 | 702 | 833 | 893 | 990 | 1,102 | 1,125 | 1,132 |
| Share Capital ⓘ | 47 | 22 | 22 | 24 | 24 | 24 | 24 | 24 | 25 | 25 |
| Reserves ⓘ | 139 | 218 | 341 | 677 | 809 | 868 | 966 | 1,077 | 1,100 | 1,107 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 209 | 143 | 142 | 148 | 135 | 238 | 436 | 640 | 687 | 802 |
| Long Term Debt | 86 | 1 | 1 | 1 | 0 | 0 | 106 | 214 | 362 | 443 |
| Short Term Debt | 122 | 142 | 141 | 147 | 135 | 238 | 329 | 426 | 325 | 359 |
| Trade Payables | 112 | 105 | 156 | 148 | 193 | 195 | 205 | 255 | 177 | 195 |
| Others Liabilities ⓘ | 32 | 27 | 31 | 43 | 74 | 98 | 76 | 131 | 174 | 207 |
| Total Liabilities ⓘ | 539 | 514 | 692 | 1,041 | 1,235 | 1,424 | 1,708 | 2,127 | 2,163 | 2,336 |
Fixed Assets | ||||||||||
| Gross Block | 404 | 423 | 222 | 449 | 584 | 699 | 873 | 969 | 1,172 | 1,575 |
| Accumulated Depreciation | 214 | 239 | 26 | 37 | 55 | 86 | 113 | 165 | 217 | 272 |
| Net Fixed Assetsⓘ | 190 | 184 | 196 | 412 | 529 | 613 | 760 | 804 | 955 | 1,302 |
| CWIP ⓘ | 3 | 0 | 9 | 14 | 20 | 1 | 4 | 70 | 193 | 68 |
| Investmentsⓘ | 3 | 3 | 21 | 24 | 20 | 41 | 44 | 99 | 100 | 113 |
| Inventories | 78 | 87 | 119 | 112 | 185 | 191 | 255 | 430 | 275 | 247 |
| Trade Receivables | 197 | 167 | 225 | 335 | 290 | 371 | 396 | 540 | 407 | 375 |
| Cash Equivalents | 3 | 4 | 6 | 6 | 8 | 18 | 10 | 10 | 7 | 28 |
| Others Assetsⓘ | 65 | 69 | 116 | 138 | 182 | 190 | 239 | 176 | 225 | 202 |
| Total Assets ⓘ | 539 | 514 | 692 | 1,041 | 1,235 | 1,424 | 1,708 | 2,127 | 2,163 | 2,336 |
| 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 ⓘ | 198 | 133 | 112 | 22 | 210 | 65 | -22 | 30 | 246 | 191 |
| PBT ⓘ | 139 | 132 | 203 | 193 | 222 | 106 | 64 | 165 | 43 | 12 |
| Adjustment ⓘ | 54 | 21 | 19 | 7 | 11 | 40 | 26 | 60 | 83 | 98 |
| Changes in Working Capital ⓘ | 44 | 16 | -41 | -118 | 41 | -62 | -103 | -159 | 128 | 78 |
| Tax Paid ⓘ | -40 | -36 | -69 | -59 | -64 | -18 | -8 | -37 | -7 | 3 |
| Cash Flow From Investing Activity ⓘ | -35 | -24 | -100 | -216 | -175 | -146 | -171 | -195 | -315 | -266 |
| Capex | -35 | -16 | -45 | -219 | -143 | -50 | -166 | -157 | -319 | -233 |
| Net Investments | -1 | 0 | -13 | 0 | 8 | 2 | 0 | 7 | 1 | -39 |
| Others ⓘ | 1 | -8 | -42 | 4 | -40 | -98 | -6 | -46 | 3 | 7 |
| Cash Flow From Financing Activityⓘ | -162 | -109 | -9 | 191 | -29 | 86 | 186 | 162 | 69 | 88 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 219 | 0 | 1 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -130 | -86 | 0 | 0 | 0 | -13 | 106 | 107 | 215 | 109 |
| Interest Paid ⓘ | -27 | -12 | -7 | -5 | -7 | -13 | -9 | -31 | -34 | -52 |
| Dividend Paid ⓘ | 0 | -8 | -4 | -5 | -10 | -19 | 0 | -10 | -10 | -1 |
| Others ⓘ | -5 | -4 | 2 | -17 | -12 | 131 | 89 | 96 | -102 | 32 |
| Net Cash Flow ⓘ | 0 | -1 | 3 | -3 | 6 | 6 | -6 | -3 | 1 | 14 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 80.08 | 43.26 | 44.15 | 23.97 | 18.77 | 10.44 | 5.13 | 11.88 | 2.8 | 0.69 |
| ROCE (%) | 38.76 | 37.08 | 47.36 | 29.17 | 25.2 | 11.19 | 5.6 | 11.76 | 4.25 | 3.26 |
| Asset Turnover Ratio | 1.99 | 1.88 | 2.13 | 1.32 | 1.21 | 0.92 | 0.72 | 1.05 | 0.72 | 0.62 |
| PAT to CFO Conversion(x) | 2.15 | 1.53 | 0.84 | 0.17 | 1.46 | 0.72 | -0.46 | 0.24 | 7.94 | 23.88 | Working Capital Days |
| Receivable Days | 68 | 67 | 56 | 89 | 83 | 99 | 124 | 85 | 111 | 103 |
| Inventory Days | 32 | 31 | 29 | 37 | 39 | 56 | 72 | 62 | 83 | 69 |
| Payable Days | 62 | 69 | 62 | 79 | 71 | 92 | 99 | 75 | 88 | 97 |
Bodal Chemicals formaly known as JK phrarma, 17 years of success saga. The quest begin in 1989 with two enterprising young men Suresh patel and Ramesh patel, willing to take on the world of chemicals with their quality offering. And thus began JK pharma, a partnership firm with the production capacity of 60 metric tonnes per annum of Vinyl Sulphone. Bodal Chemicals Ltd has now emerged as supplier of one of the finest quality of Dyes and Dyes Intermediates
The company's huge motivation is the ability to use its products in the most optimum way and it has made it to lead from one partnership firm to a well established Limited Company. 1994 saw the conversion of the partnership firm to a private limited company with the change in name to Bodal Chemicals Ltd.
About 17 years back company started producing vinyl sulphone in a small way and with the passage of time due to foresight of the main person instrumental, Today Bodal is producing about 12 major dye intermediates with a monthly capacity of 1500 mt.
For the production of dyes the company has their own major dye-intermediates means quality will be consistent of dye_stuffs. Bodal is a fast growing company in the field of manufacturing dye intermediates & dye stuffs.
Bodal chemicals have established their production units at
Product range of the company includes:
Dyes intermediates
Acid & Direct Dyes
Reactive Dyes
Out of total production more than 70% is being exported to various countries like USA, UK, Germany, Spain, Turkey, China, Indonasia, Taiwan, Korea, Greece, Egypt, Portugal, Hongkong, Italy, Bangladesh and Pakistan.
Awards/achievements
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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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