Is Nova Agritech a good quality company?

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

Is Nova Agritech undervalued or overvalued?

The key valuation ratios of Nova Agritech Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Nova Agritech share price return in the past 10 years?

Data is not available for this company

Is Nova Agritech a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nova Agritech Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Nova Agritech Ltd - Stock Valuation and Financial Performance

Name: Nova Agritech
Brand: Nova Agritech

BSE: 544100 | NSE: NOVAAGRI | Pesticides & Agrochemicals | Small Cap

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Nova Agritech Share Price

₹58.78 -2.21 -3.62%
as on 21-Nov'24 16:59

10 Year X-Ray of Nova Agritech:

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 ^P

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 % ⓘ	19.3%	17.5%	22%	33.5%	20.7%	15.7%	17.8%	17.7%	23.2%	18.7%	-
Value Creation Index ⓘ	0.4	0.3	0.6	1.4	0.5	0.1	0.3	0.3	0.7	0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	67.5	70	96.1	106	111	103	125	116	117	180	176
Sales YoY Gr.	-	3.7%	37.4%	10.5%	4.3%	-6.7%	20.9%	-7.2%	0.6%	54%	-
Adj EPS ⓘ	0.2	0.3	0.5	1	0.7	0.3	0.6	0.8	1.4	2.1	1.9
YoY Gr.	-	33.3%	40.6%	126.7%	-31.4%	-55.7%	96.8%	31.2%	75%	52.9%	-
BVPS (₹) ⓘ	1.4	1.8	2.2	3.4	4.1	4.4	4.1	4.9	6.3	17.7	17.7
Adj Net Profit ⓘ	0.9	1.1	2.1	6.4	4.4	2	3.8	5	8.8	19.2	17
Cash Flow from Ops. ⓘ	-1.4	5.1	-1	5.2	2.2	-10	4.9	9	8.3	-3.5	-
Debt/CF from Ops. ⓘ	-9.4	2.9	-18.9	4.1	10.1	-3.9	9	5.3	5.5	-11.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.5%	10.2%	12.9%	54%
Adj EPS ⓘ	27.5%	25%	52%	52.9%
BVPSⓘ	32.1%	33.8%	62.6%	180.3%
Share Price	-	-	-	-

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 % ⓘ	18.6	20.2	25.5	40	18.5	7.3	14.2	17.8	25	19.4	10.5
Op. Profit Mgn % ⓘ	5.6	6	5.8	12.1	9.9	10.4	10.8	12.8	17.8	15.9	13.6
Net Profit Mgn % ⓘ	1.3	1.6	2.2	6	4	1.9	3	4.4	7.5	10.7	9.8
Debt to Equity ⓘ	2.7	2.4	1.8	1	0.9	1.4	1.7	1.5	1.2	0.3	0
Working Cap Days ⓘ	143	174	163	203	244	302	259	307	325	233	208
Cash Conv. Cycle ⓘ	12	32	13	46	109	149	164	193	178	143	125

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.90%

Net Profit is growing at healthy rate in last 3 years 51.95%

Debt to equity has declined versus last 3 years average to 0.25

Sales growth is good in last 4 quarters at 35.56%

Return on Equity has declined versus last 3 years average to 10.50%

Latest Financials - Nova Agritech Ltd.

	Standalone	Consolidated
TTM EPS (₹)	1.9	3.1
TTM Sales (₹ Cr.)	176	274
BVPS (₹.) ⓘ	17.7	22.1
Reserves (₹ Cr.) ⓘ	145	186
P/BV ⓘ	3.44	2.76
PE ⓘ	32.76	19.47

From the Market
52 Week Low / High (₹)	45.00 / 94.09
All Time Low / High (₹)	45.00 / 94.09
Market Cap (₹ Cr.)	564
Equity (₹ Cr.)	18.5
Face Value (₹)	2
Industry PE ⓘ	43.2

Management X-Ray of Nova Agritech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Nova Agritech

Price Calculator

Price Chart

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 Nova Agritech

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	67	70	96	106	111	103	125	116	117	180
Operating Expenses ⓘ	64	66	91	93	100	93	111	101	96	152
Manufacturing Costs	0	0	0	0	5	5	7	6	7	9
Material Costs	39	40	54	59	56	51	73	65	64	116
Employee Cost	6	9	9	13	19	17	20	22	16	14
Other Costs ⓘ	18	16	27	21	21	20	12	8	10	13
Operating Profit ⓘ	4	4	6	13	11	11	14	15	20	28
Operating Profit Margin (%)	5.6%	6.0%	5.8%	12.1%	9.9%	10.4%	10.8%	12.8%	17.4%	15.4%
Other Income ⓘ	0	0	1	1	0	0	0	0	0	0
Interest ⓘ	2	2	2	2	3	6	7	6	7	6
Depreciation ⓘ	1	1	1	2	2	2	2	2	2	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	1	2	4	10	7	3	5	7	12	20
Tax ⓘ	1	1	1	3	2	1	2	2	4	2
Profit After Tax	1	1	2	6	4	2	4	5	8	19
PAT Margin (%)	1.3%	1.6%	2.2%	6.0%	4.0%	1.9%	3.0%	4.3%	7.2%	10.3%
Adjusted EPS (₹)	0.2	0.3	0.5	1.0	0.7	0.3	0.6	0.8	1.3	2.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

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	5	6	11	21	26	28	26	31	39	159
Share Capital ⓘ	2	2	2	13	13	13	13	13	13	18
Reserves ⓘ	3	4	8	9	13	15	13	18	27	141
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	13	14	18	21	22	37	40	44	43	34
Long Term Debt	2	4	3	1	2	12	15	17	12	4
Short Term Debt	10	10	15	20	20	25	25	27	31	30
Trade Payables	18	19	29	31	33	23	21	37	24	26
Others Liabilities ⓘ	4	5	5	9	16	17	17	14	12	10
Total Liabilities ⓘ	40	44	63	83	97	105	104	126	118	229
Fixed Assets
Gross Block	10	12	15	17	20	22	25	27	19	20
Accumulated Depreciation	2	3	4	6	7	9	10	12	6	8
Net Fixed Assetsⓘ	8	9	11	12	13	13	14	15	13	12
CWIP ⓘ	0	0	0	2	1	0	0	0	1	1
Investmentsⓘ	0	0	0	2	2	2	2	2	2	2
Inventories	7	10	14	27	28	23	20	29	29	38
Trade Receivables	23	22	33	37	49	63	62	73	65	70
Cash Equivalents ⓘ	0	1	0	0	0	0	0	1	3	85
Others Assetsⓘ	2	3	5	4	4	5	5	6	6	22
Total Assets ⓘ	40	44	63	83	97	105	104	126	118	229

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 ⓘ	-1	5	-1	5	2	-10	5	9	8	-3
PBT ⓘ	1	2	4	10	7	3	5	7	12	20
Adjustment ⓘ	2	3	3	4	5	8	9	9	10	10
Changes in Working Capital ⓘ	-5	1	-7	-7	-10	-19	-8	-3	-10	-31
Tax Paid ⓘ	0	-1	-1	-2	0	-2	-2	-4	-3	-4
Cash Flow From Investing Activity ⓘ	-2	-2	-3	-6	-2	-1	-3	-3	1	-23
Capex	-2	-3	-3	-3	-3	-2	-3	-3	1	0
Net Investments	0	0	0	-2	0	0	0	0	0	-23
Others ⓘ	0	0	0	-1	1	1	0	0	0	0
Cash Flow From Financing Activityⓘ	4	-2	4	1	0	11	-2	-4	-8	86
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	101
Net Proceeds from Borrowing ⓘ	0	0	0	-2	0	0	0	0	-5	-10
Interest Paid ⓘ	-2	-2	-2	-2	-3	-6	-6	-6	-7	-6
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	6	-1	5	5	2	17	5	2	4	1
Net Cash Flow ⓘ	0	0	0	0	0	0	0	1	1	60

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 (%)	18.55	20.18	25.5	40.02	18.53	7.29	14.18	17.8	23.95	18.75
ROCE (%)	19.3	17.49	22.01	33.48	20.68	15.69	17.76	17.71	23.18	18.73
Asset Turnover Ratio	2.01	1.66	1.79	1.46	1.24	1.03	1.2	1.01	0.96	1.04
PAT to CFO Conversion(x)	-1	5	-0.5	0.83	0.5	-5	1.25	1.8	1	-0.16
Working Capital Days
Receivable Days	102	117	104	119	142	198	182	212	215	137
Inventory Days	29	44	44	70	90	89	63	77	91	68
Payable Days	146	167	163	187	210	202	111	163	176	78

Nova Agritech Ltd Stock News

Nova Agritech Ltd FAQs

What is the share price of Nova Agritech?

Company share prices are keep on changing according to the market conditions. The closing price of Nova Agritech on 21-Nov-2024 16:59 is ₹58.78.

What is the market cap of Nova Agritech?

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 21-Nov-2024 16:59 the market cap of Nova Agritech stood at ₹564.3.

What is the P/E ratio of Nova Agritech?

The latest P/E ratio of Nova Agritech as of 21-Nov-2024 16:59 is 32.76.

What is the P/B ratio of Nova Agritech?

The latest P/B ratio of Nova Agritech as of 21-Nov-2024 16:59 is 3.44.

What is the 52-week high and low of Nova Agritech?

The 52-week high of Nova Agritech is ₹94.09 and the 52-week low is ₹45.00.

What is the TTM revenue of Nova Agritech?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nova Agritech is ₹176.3 ( Cr.) .

About Nova Agritech Ltd

Nova Agritech Limited was incorporated as a private limited company under the provisions of the Companies Act, 1956 on May 9, 2007 at Hyderabad, erstwhile Andhra Pradesh as ‘Nova Agritech Private Limited’. Its business was started by its founder Sambasivarao Yeluri and Kalyana Chakravarthy. Thereafter, pursuant to a special resolution passed by its shareholders on September 8, 2018, the Company was converted to a public limited company and its name was changed to ‘Nova Agritech Limited’. A fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Hyderabad (RoC) on September 24, 2018.

The company is an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach, wherein it mainly offers ecologically sustainable and nutritionally balanced products based on its Research and Development. The company manufactures, distributes and markets a wide range of product categories consisting of (a) soil health management products; (b) crop nutrition products; (c) bio stimulant products; (d) bio pesticide products (e) Integrated Pest Management products; (f) new technologies; and (g) crop protection products. Currently, the crop protection products are manufactured by its subsidiary Nova Agri Sciences.

As on November 30, 2023, it has received a total of 720 product registrations comprising of 7 registrations in the soil health management category, 176 registrations in the crop nutrition category, 4 registrations in bio pesticide category, 7 registrations under Technical Indigenous Manufacture and 526 registrations in the crop protection category. All of the 526 registrations in the crop protection category are in the name of Nova Agri Sciences. Its dealer network is currently spread across many states of India namely Andhra Pradesh, Telangana, Maharashtra, Karnataka, Madhya Pradesh, Rajasthan, Chhattisgarh, Tamil Nadu, Uttar Pradesh, Odisha, West Bengal, Bihar, Gujarat, Jharkhand, Uttarakhand and Jammu & Kashmir and Nepal.

Business area of the company

Products of the company

Soil health management products
Crop nutrition products
Bio stimulant products
Bio pesticide products
Integrated pest management (IPM) products
Crop protection products

Awards, accreditations or recognitions

2008: Obtained ISO certificate under ISO 9001:2015 for Manufacturing and Marketing of Agricultural Bio Products, Organics Manures and Micro Nutrients.
2012: Certification of Membership from Quality Circle Forum of India as an Institution Member.
2012: Certificate of Membership as a member of Panel E from the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry.
2017: Certificate of Life Corporate Member from National Centre of Quality Management.
2017: Joined as a PANEL -A member in FTCCI.
2019: Bestowed the ‘Leader with Strategic Vision Award’ by Agri Business Summit & Agri Awards, 2019.
2019: Awarded as ‘Emerging Novel Nutrient Company’ by Agri Business Summit & Agri Awards, 2019.
2021: Certificate of Membership accorded by Bioagri Input Producers Association (BIPA)
2022: Awarded with ‘Best Company of The Year- Soil Health Management’ by Agri Awards-2022.
2022: Awarded with “HR Best Practices” for 2022 in the category of Talent Acquisition and Management (Medium Scale Industry) by the Federation of Telangana Chambers of Commerce and Industry.
2022: Joined as a member or ‘IMMA-Indian Micronutrient Fertilizers Manufacturers Association’.
2022: Awarded as the ‘Leader with Strategic Vision-Business Transformation’ by Agri Business Summit & Awards ABSA, 2022.

History and milestones

2011: Inception of Nova Raithu Seva Kendram.
2012: Expanded its business by appointing C&F agents in the states of Madhya Pradesh and Chhattisgarh.
2013: Expanded its business to the state Maharashtra.
2013: Acquired a land for setting up new Manufacturing Facility at Singannaguda Village, Mulugu Mandal, Siddipet, Medak, Telangana.
2014: Crossed turnover of Rs 50 crore in the financial year 2013-14.
2014: Expanded its business by appointing C&F agents in the State of Rajasthan.
2017: Introduced 100% water soluble nitrogen (N), phosphorus (P) and potassium (K) (NPK) mixture fertilizers on ‘Nova Nutri’ series to market.
2018: Crossed turnover of Rs 100.00 crore in the financial year 2017-18.
2018: Changed the status of the Company from Private Limited to Public i.e. to Nova Agritech Limited.
2019: Inception of Nova Kisan Seva Kendra.
2020: Introduced beneficial element fertilizers ‘V-Lock’ in the market.
2021: Crossed turnover of Rs 150.00 crore in the financial year 2020-21.
2022: Introduced fertilizer and pesticide spraying drones ‘Nova Agribot’ and soil health scanning device ‘Bhu-Parikshak’ to market.
2022: Introduced beneficial element fertilizers ‘HY-Clean’ in the market.
2022: 10 acres of land allotted by Karnataka Industrial Areas Development Board (KIADB) for manufacture of ‘Agro Chemical, Pesticides, Bio Stimulants, Micro Nutrients, Water Solubles’ in the State of Karnataka.
2022: Expanded its business by appointing C&F agentsin the States of Gujrat,Jammu & Kashmir, Tamil Nadu, Uttarakhand, Uttar Pradesh and West Bengal.