BSE: 519475 | NSE: | Consumer Food | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Chordia Food Products Ltd is a average quality company.
The key valuation ratios of Chordia Food Products 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 Chordia Food Products 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 % ⓘ | 14.2% | 5.2% | 1.6% | 12.1% | 9.2% | 3.9% | 3.6% | 0.6% | 2.7% | 7.4% | - |
| Value Creation Index ⓘ | 0.0 | -0.6 | -0.9 | -0.1 | -0.4 | -0.7 | -0.7 | -1.0 | -0.8 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 39.6 | 41.3 | 51.9 | 59.2 | 60.6 | 65.5 | 76.3 | 2.6 | 2.9 | 3.2 | 3 |
| Sales YoY Gr. | - | 4.3% | 25.6% | 14% | 2.4% | 8.1% | 16.6% | -96.6% | 9.6% | 12.9% | - |
| Adj EPS ⓘ | 4.1 | 1.7 | -2.4 | 10 | 5.2 | 1.9 | 1.5 | -0.1 | 0.4 | 2 | 1.7 |
| YoY Gr. | - | -58% | -239.1% | NA | -48% | -64.2% | -18.2% | -106.5% | NA | 371.4% | - |
| BVPS (₹) ⓘ | 115.1 | 116.8 | 108.5 | 106.6 | 86.6 | 88.5 | 90 | 36.3 | 34.1 | 36.1 | 36.8 |
| Adj Net Profit ⓘ | 1.2 | 0.5 | -0.7 | 3 | 2.1 | 0.8 | 0.6 | 0 | 0.2 | 0.8 | 1 |
| Cash Flow from Ops. ⓘ | 3 | 6.9 | 2.8 | 2 | 5.7 | 3.8 | -0.5 | 1.5 | 2.2 | 0.7 | - |
| Debt/CF from Ops. ⓘ | 2.2 | 1.3 | 2.9 | 5.3 | 1.2 | 1.3 | -16.2 | 1.1 | 0.4 | 0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -24.3% | -44.4% | -65.2% | 12.9% | ||||
| Adj EPS ⓘ | -7.9% | -17.6% | 9% | 371.4% | ||||
| BVPSⓘ | -12.1% | -16.1% | -26.3% | 5.8% | ||||
| Share Price | 0.4% | -9.4% | -15.6% | -21.9% | ||||
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 % ⓘ | 3.8 | 1.5 | -2.2 | 9.2 | 6.2 | 2.1 | 1.7 | -0.2 | 1.2 | 5.6 | 4.8 |
| Op. Profit Mgn % ⓘ | 8.5 | 6.3 | 3.7 | 12 | 9.8 | 5.5 | 4.3 | 40.9 | 44.5 | 59.8 | 56.3 |
| Net Profit Mgn % ⓘ | 3.1 | 1.3 | -1.4 | 5.1 | 3.5 | 1.2 | 0.8 | -1.5 | 5.9 | 24.7 | 21.9 |
| Debt to Equity ⓘ | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0 | 0 |
| Working Cap Days ⓘ | 314 | 325 | 260 | 198 | 164 | 147 | 135 | 2,400 | 346 | 301 | 268 |
| Cash Conv. Cycle ⓘ | 55 | 57 | 49 | 79 | 115 | 102 | 79 | 1,131 | 96 | 91 | 218 |
Return on Equity has increased versus last 3 years average to 4.80%
Sales growth has been subdued in last 3 years -65.15%
Sales growth is not so good in last 4 quarters at 6.60%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.7 | -7.6 |
| TTM Sales (₹ Cr.) | 3.2 | 91.7 |
| BVPS (₹.) ⓘ | 36.8 | 0 |
| Reserves (₹ Cr.) ⓘ | 11 | 27 |
| P/BV ⓘ | 2.32 | 0.00 |
| PE ⓘ | 49.27 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 79.40 / 115.00 |
| All Time Low / High (₹) | 8.50 / 230.20 |
| Market Cap (₹ Cr.) | 34.4 |
| Equity (₹ Cr.) | 4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 65.3 |
| 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 | 39.60 | 41.32 | 51.90 | 59.15 | 60.58 | 65.48 | 76.32 | 2.61 | 2.86 | 3.23 |
| Operating Expenses ⓘ | 36.22 | 38.73 | 49.98 | 52.07 | 54.66 | 61.86 | 73.07 | 1.55 | 1.59 | 1.30 |
| Manufacturing Costs | 3.49 | 3.75 | 2.80 | 3.38 | 3.92 | 5.48 | 6.22 | 0.66 | 0.60 | 0.50 |
| Material Costs | 23.10 | 22.86 | 32.19 | 33.37 | 36 | 38.24 | 52.66 | 0 | 0 | 0 |
| Employee Cost | 3.12 | 3.45 | 4.05 | 6.48 | 5.82 | 5.84 | 6.31 | 0.39 | 0.39 | 0.31 |
| Other Costs ⓘ | 6.52 | 8.66 | 10.94 | 8.84 | 8.92 | 12.30 | 7.89 | 0.50 | 0.59 | 0.49 |
| Operating Profit ⓘ | 3.38 | 2.59 | 1.93 | 7.08 | 5.92 | 3.63 | 3.25 | 1.07 | 1.27 | 1.93 |
| Operating Profit Margin (%) | 8.5% | 6.3% | 3.7% | 12.0% | 9.8% | 5.5% | 4.3% | 40.9% | 44.5% | 59.8% |
| Other Income ⓘ | 0.24 | 0.80 | 0.04 | 0.08 | 0.06 | 0.06 | 0.04 | 0 | 0.03 | 0 |
| Interest ⓘ | 1.04 | 1.45 | 1.40 | 1.11 | 1.04 | 0.54 | 0.65 | 0.22 | 0.16 | 0.06 |
| Depreciation ⓘ | 0.85 | 1.17 | 1.29 | 2.08 | 2.08 | 2.08 | 1.75 | 0.89 | 0.89 | 0.84 |
| Exceptional Items ⓘ | 2.94 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4.67 | 0.77 | -0.72 | 3.98 | 2.86 | 1.07 | 0.89 | -0.04 | 0.25 | 1.03 |
| Tax ⓘ | 1.38 | 0.25 | 0 | 0.97 | 0.79 | 0.32 | 0.28 | 0 | 0.06 | 0.23 |
| Profit After Tax | 3.29 | 0.52 | -0.72 | 3.01 | 2.08 | 0.75 | 0.62 | -0.04 | 0.19 | 0.80 |
| PAT Margin (%) | 8.3% | 1.3% | -1.4% | 5.1% | 3.4% | 1.1% | 0.8% | -1.5% | 6.7% | 24.7% |
| Adjusted EPS (₹) | 11.0 | 1.7 | -2.4 | 10.1 | 5.2 | 1.9 | 1.5 | -0.1 | 0.5 | 2.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 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 | 34.30 | 34.81 | 32.34 | 31.78 | 34.90 | 35.66 | 36.27 | 14.62 | 13.74 | 14.54 |
| Share Capital ⓘ | 2.98 | 2.98 | 2.98 | 2.98 | 4.03 | 4.03 | 4.03 | 4.03 | 4.03 | 4.03 |
| Reserves ⓘ | 31.32 | 31.83 | 29.36 | 28.80 | 30.87 | 31.63 | 32.24 | 10.59 | 9.71 | 10.51 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 6.73 | 8.94 | 8.23 | 10.46 | 7 | 4.43 | 6.62 | 0.88 | 0.16 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 2.11 | 1.57 | 0.88 | 0.16 | 0 |
| Short Term Debt | 6.73 | 8.94 | 8.23 | 10.46 | 7 | 2.31 | 5.06 | 0 | 0 | 0 |
| Trade Payables | 4.41 | 5.89 | 6.48 | 5.11 | 3.55 | 4.03 | 3.78 | 0.02 | 0.06 | 0.01 |
| Others Liabilities ⓘ | 2.77 | 1.54 | 1.68 | 3.60 | 2.26 | 3.14 | 4.58 | 1.25 | 2.36 | 1.96 |
| Total Liabilities ⓘ | 48.20 | 51.19 | 48.74 | 50.94 | 47.71 | 47.25 | 51.25 | 16.78 | 16.32 | 16.50 |
Fixed Assets | ||||||||||
| Gross Block | 21.29 | 23.48 | 24.84 | 38.98 | 39.16 | 39.23 | 40.80 | 23.28 | 23.30 | 23.62 |
| Accumulated Depreciation | 10.21 | 11.34 | 12.63 | 17.35 | 19.22 | 21.30 | 22.84 | 10.25 | 11.14 | 11.99 |
| Net Fixed Assetsⓘ | 11.08 | 12.13 | 12.21 | 21.63 | 19.94 | 17.92 | 17.96 | 13.02 | 12.16 | 11.63 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0.50 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.03 | 0.01 | 0.01 | 0.18 |
| Inventories | 8.74 | 12.32 | 11.91 | 11.37 | 11.26 | 14.25 | 13.56 | 0 | 0 | 0 |
| Trade Receivables | 2.30 | 2.14 | 2.41 | 14.21 | 11.53 | 7.80 | 6.87 | 0.77 | 0.86 | 0.88 |
| Cash Equivalents | 1.47 | 1.16 | 0.52 | 0.64 | 1.51 | 2.22 | 2.07 | 0.56 | 1.93 | 1.60 |
| Others Assetsⓘ | 24.60 | 23.41 | 21.67 | 3.06 | 3.45 | 4.51 | 10.75 | 2.42 | 1.37 | 2.21 |
| Total Assets ⓘ | 48.20 | 51.19 | 48.74 | 50.94 | 47.71 | 47.25 | 51.25 | 16.78 | 16.32 | 16.50 |
| 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 ⓘ | 3 | 6.94 | 2.83 | 1.97 | 5.66 | 3.82 | -0.49 | 1.46 | 2.21 | 0.69 |
| PBT ⓘ | 1.73 | 0.77 | -0.72 | 3.01 | 2.08 | 0.75 | 0.62 | -0.04 | 0.25 | 1.03 |
| Adjustment ⓘ | 1.89 | 2.62 | 2.69 | 3.18 | 3.03 | 2.62 | 2.32 | 1.11 | 1.05 | 0.91 |
| Changes in Working Capital ⓘ | -1.14 | 5.26 | 0.86 | -4.22 | 0.56 | 0.45 | -3.43 | 0.39 | 1.08 | -0.9 |
| Tax Paid ⓘ | -1.38 | -0.25 | 0 | 0 | 0 | 0 | 0 | 0 | -0.17 | -0.35 |
| Cash Flow From Investing Activity ⓘ | -0.95 | -9.46 | -1.37 | -0.38 | -0.38 | -0.58 | -1.28 | -0.01 | -0.02 | -0.20 |
| Capex | -0.95 | -9.46 | -1.37 | -0.39 | -0.38 | -0.57 | -1.28 | -0.01 | -0.02 | -0.02 |
| Net Investments | 0 | 0 | 0 | 0.01 | 0 | -0.01 | 0 | 0 | 0 | -0.17 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1.79 | 2.22 | -2.11 | -1.54 | -4.41 | -2.53 | 1.62 | -2.32 | -0.82 | -0.81 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -0.55 | -2.10 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | -1.40 | -1.11 | -0.95 | -0.54 | -0.58 | -0.22 | -0.16 | -0.06 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1.79 | 2.22 | -0.71 | -0.43 | -3.46 | -1.99 | 2.74 | 0 | -0.66 | -0.75 |
| Net Cash Flow ⓘ | 0.27 | -0.30 | -0.65 | 0.06 | 0.87 | 0.71 | -0.15 | -0.86 | 1.37 | -0.32 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.08 | 1.5 | -2.15 | 9.39 | 6.22 | 2.13 | 1.72 | -0.16 | 1.35 | 5.64 |
| ROCE (%) | 14.17 | 5.23 | 1.6 | 12.13 | 9.16 | 3.9 | 3.64 | 0.6 | 2.68 | 7.43 |
| Asset Turnover Ratio | 0.85 | 0.83 | 1.04 | 1.19 | 1.24 | 1.38 | 1.59 | 0.08 | 0.17 | 0.2 |
| PAT to CFO Conversion(x) | 0.91 | 13.35 | N/A | 0.65 | 2.72 | 5.09 | -0.79 | N/A | 11.63 | 0.86 | Working Capital Days |
| Receivable Days | 20 | 20 | 16 | 51 | 77 | 54 | 34 | 534 | 104 | 98 |
| Inventory Days | 75 | 93 | 85 | 71 | 68 | 71 | 65 | 0 | 0 | 0 |
| Payable Days | 55 | 82 | 70 | 63 | 44 | 36 | 27 | 0 | 0 | 0 |
Chordia Food Products ( CFPL ) had its humble beginnings in 1960.The Company started with manufacturing small quantities of pickles and spices at home. It went on to become a generic name for pickles in Maharashtra and neighboring states. Gradually, it became a leading manufacturer of Tomato ketchups under the brand names: “Pravinâ€, “Navin†and “Toofanâ€. Strict quality control procedures are implement at various stages of processing to ensure that the best quality products leave the factories.
One of its kinds in Maharashtra has been conceptualized by the Chordia Group and is set at Shirwal in Maharashtra, 55 kms from Pune, on the Bangalore Highway. Apart from Shirwal, they also have factory unit at Chennai & Dharvad at Karnataka. The Park is equipped with state-of-the-art infrastructure and the most modern technology to cater to the food processing industry. Every need of the manufacture will now be taken care of under one roof.
The products have largely been accepted in the Domestic and International Market. With state of the art manufacturing units at 3 different states viz. Maharashtra, Karnataka & Tamil Nadu theyalso have a well oiled Sales & Distribution Network.
The ambitious new project Chordia Food Park saw the light of the day in the year 2002. Since then it has started many new units. It will soon be entering the Frozen Food Market with a big bang.
The quality policy of CFPL has customers & business associates as two of the main points. It says that CFPL will assure that “Customer Satisfaction†would be of prime importance that would be the main factor towards which all its efforts would be directed. All dealings with business partners would project an approach of fairness & of mutual respect.
Product range of the company includes:
Export Products
Pickles
Indian Ethenic FoodChunda
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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