BSE: 517554 | NSE: | Consumer Food | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that NHC Foods Ltd is a below average quality company.
The key valuation ratios of NHC Foods 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 NHC Foods 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 % ⓘ | 10.7% | 7.2% | 7.4% | 5.1% | 7% | 9.7% | 8.3% | 9.7% | 12.4% | 12.8% | - |
| Value Creation Index ⓘ | -0.2 | -0.5 | -0.5 | -0.6 | -0.5 | -0.3 | -0.4 | -0.3 | -0.1 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 147 | 153 | 138 | 86.8 | 125 | 132 | 152 | 153 | 164 | 209 | 235 |
| Sales YoY Gr. | - | 3.7% | -9.6% | -37.2% | 43.8% | 5.5% | 15.3% | 0.8% | 7% | 27.9% | - |
| Adj EPS ⓘ | 0.1 | 0.1 | 0.1 | 0 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.3 |
| YoY Gr. | - | -18.2% | -22.2% | -71.4% | 750% | -23.5% | -46.2% | 14.3% | 100% | -37.5% | - |
| BVPS (₹) ⓘ | 1.6 | 1.7 | 1.5 | 1.5 | 1.7 | 1.8 | 1.9 | 2 | 2.2 | 2.3 | 2.5 |
| Adj Net Profit ⓘ | 1.2 | 1.1 | 0.8 | 0.3 | 2.1 | 1.6 | 0.9 | 0.9 | 1.9 | 1.2 | 36 |
| Cash Flow from Ops. ⓘ | 2.3 | -0.4 | -6.8 | 5.3 | 6.9 | -6.1 | -5.9 | 2.9 | -1.7 | -2.2 | - |
| Debt/CF from Ops. ⓘ | 7.4 | -48.3 | -3.3 | 3.6 | 1.8 | -3.3 | -4.7 | 8.3 | -16.2 | -15.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4% | 10.9% | 11.3% | 27.9% | ||||
| Adj EPS ⓘ | -1.1% | -10.1% | 12.6% | -37.5% | ||||
| BVPSⓘ | 4.1% | 7.2% | 7.6% | 8.8% | ||||
| Share Price | 9% | 72.2% | 63.3% | 36.8% | ||||
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 % ⓘ | 6.8 | 5.5 | 4.1 | 1.4 | 11 | 7.8 | 4 | 4.1 | 7.9 | 4.3 | 12.5 |
| Op. Profit Mgn % ⓘ | 2.8 | 2.8 | 2.5 | 3 | 2.8 | 3.5 | 2.7 | 3.1 | 4 | 2.5 | 3 |
| Net Profit Mgn % ⓘ | 0.8 | 0.7 | 0.6 | 0.3 | 1.7 | 1.2 | 0.6 | 0.6 | 1.2 | 0.6 | 15.2 |
| Debt to Equity ⓘ | 0.9 | 1 | 1.2 | 1 | 0.6 | 0.9 | 1.2 | 1 | 1.1 | 1.2 | - |
| Working Cap Days ⓘ | 70 | 111 | 144 | 170 | 109 | 120 | 116 | 119 | 115 | 115 | 58 |
| Cash Conv. Cycle ⓘ | 29 | 35 | 51 | 70 | 38 | 47 | 54 | 58 | 69 | 69 | 16 |
Return on Equity has increased versus last 3 years average to 12.40%
Sales growth is growing at healthy rate in last 3 years 11.30%
Net Profit is growing at healthy rate in last 3 years 12.62%
Sales growth is good in last 4 quarters at 39.77%
Debt to equity has increased versus last 3 years average to 1.21
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.3 | - |
| TTM Sales (₹ Cr.) | 235 | - |
| BVPS (₹.) ⓘ | 2.5 | - |
| Reserves (₹ Cr.) ⓘ | 18 | - |
| P/BV ⓘ | 2.57 | - |
| PE ⓘ | 21.23 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 3.22 / 8.40 |
| All Time Low / High (₹) | 0.11 / 8.40 |
| Market Cap (₹ Cr.) | 75.4 |
| Equity (₹ Cr.) | 118.6 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 62.8 |
| 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 | 147.29 | 152.71 | 138.09 | 86.75 | 124.74 | 131.61 | 151.78 | 152.93 | 163.56 | 209.24 |
| Operating Expenses ⓘ | 143.16 | 149.54 | 134.64 | 84.18 | 122.38 | 128.09 | 147.65 | 148.15 | 157.21 | 204.01 |
| Manufacturing Costs | 12.88 | 11.69 | 4.92 | 2.52 | 2.33 | 2.89 | 5.90 | 16.07 | 14.09 | 9.70 |
| Material Costs | 121.05 | 128.33 | 124.03 | 77.14 | 113.96 | 119.36 | 137.23 | 126.73 | 137.97 | 184.19 |
| Employee Cost | 3.13 | 3.26 | 2.49 | 1.89 | 2.08 | 2.11 | 2.08 | 2.02 | 1.97 | 2.36 |
| Other Costs ⓘ | 6.10 | 6.26 | 3.19 | 2.62 | 4.01 | 3.72 | 2.44 | 3.31 | 3.18 | 7.77 |
| Operating Profit ⓘ | 4.13 | 3.17 | 3.45 | 2.58 | 2.36 | 3.52 | 4.13 | 4.78 | 6.35 | 5.23 |
| Operating Profit Margin (%) | 2.8% | 2.1% | 2.5% | 3.0% | 1.9% | 2.7% | 2.7% | 3.1% | 3.9% | 2.5% |
| Other Income ⓘ | 0.91 | 0.69 | 0.60 | 0.52 | 1.25 | 1.39 | 0.82 | 1.13 | 1.04 | 3.48 |
| Interest ⓘ | 2.42 | 2.19 | 1.72 | 1.56 | 1.27 | 1.61 | 1.89 | 2.20 | 3.49 | 4.15 |
| Depreciation ⓘ | 1.19 | 1.20 | 1.13 | 1.14 | 1.21 | 1.40 | 1.22 | 1.19 | 1.21 | 1.44 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.42 | 0.48 | 1.20 | 0.39 | 1.13 | 1.90 | 1.84 | 2.52 | 2.70 | 3.12 |
| Tax ⓘ | 0.24 | 0.17 | 0.42 | 0.17 | -0.18 | 0.49 | 0.46 | 1.05 | 0.94 | 0.77 |
| Profit After Tax | 1.18 | 0.31 | 0.78 | 0.23 | 1.31 | 1.41 | 1.38 | 1.47 | 1.76 | 2.35 |
| PAT Margin (%) | 0.8% | 0.2% | 0.6% | 0.3% | 1.0% | 1.1% | 0.9% | 1.0% | 1.1% | 1.1% |
| Adjusted EPS (₹) | 0.1 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 |
| 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 | 18.44 | 19.79 | 17.91 | 18.16 | 19.52 | 20.89 | 22.27 | 23.61 | 25.49 | 27.77 |
| Share Capital ⓘ | 11.29 | 11.86 | 11.86 | 11.86 | 11.86 | 11.86 | 11.86 | 11.86 | 11.86 | 11.86 |
| Reserves ⓘ | 7.14 | 7.93 | 6.05 | 6.30 | 7.67 | 9.03 | 10.41 | 11.75 | 13.63 | 15.92 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 13.99 | 14.87 | 19.56 | 16.62 | 11.41 | 17.45 | 26.20 | 21.93 | 25.73 | 33.55 |
| Long Term Debt | 5.89 | 7.01 | 2.45 | 4.61 | 3.39 | 4.66 | 6.91 | 5.03 | 5.85 | 3.70 |
| Short Term Debt | 8.10 | 7.86 | 17.12 | 12.01 | 8.02 | 12.79 | 19.29 | 16.90 | 19.89 | 29.85 |
| Trade Payables | 12.82 | 36.70 | 17.21 | 11.19 | 19.09 | 17.16 | 16.87 | 11.79 | 11.85 | 29.09 |
| Others Liabilities ⓘ | 7.92 | 11.69 | 8.80 | 4.71 | 7.16 | 6.69 | 3.98 | 7.12 | 6.43 | 6.96 |
| Total Liabilities ⓘ | 53.16 | 83.04 | 63.48 | 50.67 | 57.18 | 62.20 | 69.33 | 64.44 | 69.50 | 97.37 |
Fixed Assets | ||||||||||
| Gross Block | 23.53 | 23.63 | 17.09 | 18.18 | 18.74 | 19.95 | 19.79 | 19.46 | 19.68 | 21.83 |
| Accumulated Depreciation | 5.45 | 6.64 | 1.13 | 2.27 | 3.48 | 4.64 | 5.86 | 6.64 | 7.87 | 9.12 |
| Net Fixed Assetsⓘ | 18.09 | 16.99 | 15.96 | 15.91 | 15.26 | 15.31 | 13.93 | 12.82 | 11.80 | 12.71 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 5.78 |
| Inventories | 19.37 | 16.86 | 13.47 | 13.24 | 14.48 | 14.49 | 20.34 | 22.54 | 28.86 | 42.88 |
| Trade Receivables | 5.74 | 39.66 | 25.58 | 10.77 | 18.83 | 24.02 | 19.97 | 14.85 | 19.82 | 27.69 |
| Cash Equivalents | 3.80 | 4.09 | 0.64 | 0.85 | 1.13 | 1.12 | 4.43 | 3.03 | 2.96 | 1.30 |
| Others Assetsⓘ | 6.15 | 5.43 | 7.82 | 9.89 | 7.47 | 7.25 | 10.65 | 11.19 | 6.05 | 7 |
| Total Assets ⓘ | 53.16 | 83.04 | 63.48 | 50.67 | 57.18 | 62.20 | 69.33 | 64.44 | 69.50 | 97.37 |
| 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 ⓘ | 2.28 | -0.40 | -6.79 | 5.25 | 6.86 | -6.05 | -5.88 | 2.88 | -1.65 | -2.22 |
| PBT ⓘ | 1.42 | 0.48 | 1.13 | 0.40 | 1.13 | 1.90 | 1.84 | 2.52 | 2.70 | 3.12 |
| Adjustment ⓘ | 2.94 | 3.97 | 2.17 | 2.19 | 2.01 | 3.19 | 2.84 | 2.91 | 3.47 | 3.95 |
| Changes in Working Capital ⓘ | -1.91 | -4.8 | -9.96 | 2.85 | 3.82 | -10.72 | -9.83 | -0.88 | -7.12 | -8.45 |
| Tax Paid ⓘ | -0.18 | -0.04 | -0.12 | -0.20 | -0.10 | -0.43 | -0.73 | -1.66 | -0.69 | -0.84 |
| Cash Flow From Investing Activity ⓘ | 3.20 | 0.59 | 0.38 | -0.53 | -0.18 | 0.13 | 0 | 0.04 | 1.09 | -5.96 |
| Capex | -0.56 | -0.10 | -0.10 | -1.09 | -0.56 | -0.27 | -0.04 | -0.08 | 0.08 | -0.23 |
| Net Investments | 0.01 | 0 | 0 | 0.06 | 0.01 | 0.38 | 0 | 0 | 0.97 | -5.77 |
| Others ⓘ | 3.74 | 0.69 | 0.48 | 0.50 | 0.37 | 0.01 | 0.03 | 0.12 | 0.04 | 0.04 |
| Cash Flow From Financing Activityⓘ | -4.72 | 0.05 | 2.99 | -4.50 | -6.40 | 5.91 | 6.13 | -5.94 | 0.49 | 6.53 |
| Net Proceeds from Shares ⓘ | 0 | 1.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.61 | 0.87 | -0.67 |
| Interest Paid ⓘ | -2.42 | -2.19 | -1.72 | -1.56 | -1.19 | -1.13 | -1.53 | -1.76 | -2.48 | -3.20 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -2.30 | 1.19 | 4.70 | -2.94 | -5.21 | 7.05 | 7.66 | -3.57 | 2.10 | 10.39 |
| Net Cash Flow ⓘ | 0.76 | 0.24 | -3.42 | 0.21 | 0.27 | -0.01 | 0.24 | -3.02 | -0.07 | -1.66 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.33 | 1.6 | 4.14 | 1.26 | 6.93 | 6.99 | 6.41 | 6.41 | 7.15 | 8.81 |
| ROCE (%) | 10.71 | 7.19 | 7.4 | 5.09 | 6.96 | 9.68 | 8.27 | 9.72 | 12.41 | 12.79 |
| Asset Turnover Ratio | 2.86 | 2.24 | 1.88 | 1.52 | 2.31 | 2.21 | 2.31 | 2.29 | 2.44 | 2.51 |
| PAT to CFO Conversion(x) | 1.93 | -1.29 | -8.71 | 22.83 | 5.24 | -4.29 | -4.26 | 1.96 | -0.94 | -0.94 | Working Capital Days |
| Receivable Days | 15 | 54 | 86 | 76 | 43 | 59 | 53 | 42 | 39 | 41 |
| Inventory Days | 39 | 43 | 40 | 56 | 41 | 40 | 42 | 51 | 57 | 63 |
| Payable Days | 30 | 70 | 79 | 67 | 48 | 55 | 45 | 41 | 31 | 41 |
The roots of NHC Foods go back as far as 1960 with the establishment of a company called N Himatlal & Co. which was founded by Himatlal H Shah with the aim of promoting export of Indian spices and food stuff. N Himatlal & Co. grew to be a sizable company by its steady solid performance year after years built on its strong market goodwill, which shows it has maintained a growth rate in earnings to the extent of 30%.
In the year 1986, Apoorva Shah joined the family business after his graduation and created a team of dynamic and competent educational advisors and trainers with well recognized technical and or scientific background useful to company’s business activities and merged N Himatlal & Co. into a new venture and hence the name NHC Foods.
The company with the existing vast infrastructure started navigating on a fast track using its excellent terms and strong good-will. Direct personal contacts developed over the years with well established prospective buyers through personal visits, smooth co-ordination between buyers and their agents not only helped continue excellent business friendship but also made it stronger and healthier by the day.
Products of the company
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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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