Indokem Ltd

₹ 76.6 0.14%

22 Nov 12:12 p.m.

About

Incorporated in 1946, Indokem Ltd manufactures and deals in dyes, sizing chemicals auxiliaries and electrical capacitors^[1]

Key Points

Business Overview:^[1]
Company is a member of the Khatau group. It is an ISO 45001:2008 certified supplier, manufacturer, and exporter of Textile chemicals, sizing chemicals, dyes, and textile auxiliaries

Website BSE

Market Cap ₹ 214 Cr.
Current Price ₹ 76.6
High / Low ₹ 119 / 66.0
Stock P/E
Book Value ₹ 17.8
Dividend Yield 0.00 %
ROCE -3.01 %
ROE -9.86 %
Face Value ₹ 10.0

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Pros

Company's working capital requirements have reduced from 48.4 days to 31.9 days

Cons

Stock is trading at 4.29 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of -2.25% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Dyes And Pigments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	24.42	34.17	30.81	26.08	37.07	35.58	34.58	37.91	34.16	33.95	33.49	32.04	36.40
	23.66	32.01	29.65	27.34	36.19	33.85	33.71	37.24	35.40	33.52	33.64	32.70	35.96
Operating Profit	0.76	2.16	1.16	-1.26	0.88	1.73	0.87	0.67	-1.24	0.43	-0.15	-0.66	0.44
OPM %	3.11%	6.32%	3.77%	-4.83%	2.37%	4.86%	2.52%	1.77%	-3.63%	1.27%	-0.45%	-2.06%	1.21%
	0.01	0.04	0.11	0.80	0.53	0.23	0.07	0.03	0.21	0.03	0.13	0.01	0.05
Interest	0.29	0.35	0.39	0.41	0.63	0.67	0.88	0.78	0.67	0.69	0.81	0.65	0.69
Depreciation	0.29	0.29	0.29	0.31	0.40	0.52	0.54	0.50	0.70	0.44	0.74	0.51	0.52
Profit before tax	0.19	1.56	0.59	-1.18	0.38	0.77	-0.48	-0.58	-2.40	-0.67	-1.57	-1.81	-0.72
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.55%	0.00%	-1.39%
	0.19	1.56	0.59	-1.18	0.38	0.77	-0.48	-0.58	-2.40	-0.67	-1.61	-1.81	-0.71
EPS in Rs	0.08	0.64	0.24	-0.49	0.16	0.32	-0.20	-0.24	-0.99	-0.24	-0.58	-0.65	-0.25
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013 6m	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	17	36	53	58	72	78	79	90	79	114	141	140	136
	16	35	52	56	70	80	80	88	74	109	137	140	136
Operating Profit	1	2	1	2	1	-2	-0	2	5	5	4	-0	0
OPM %	6%	4%	2%	4%	2%	-3%	-0%	2%	7%	4%	3%	-0%	0%
	-1	-0	3	1	14	2	1	1	0	0	1	0	0
Interest	1	2	3	3	1	1	1	1	1	1	3	3	3
Depreciation	0	1	0	0	1	1	1	1	1	1	2	2	2
Profit before tax	-1	-2	1	-0	14	-2	-1	1	3	3	-1	-5	-5
Tax %	0%	6%	0%	20%	0%	0%	0%	0%	1%	0%	0%	1%
	-1	-2	1	-0	14	-2	-1	1	3	3	-1	-5	-5
EPS in Rs	-0.35	-0.91	0.33	-0.15	5.69	-0.71	-0.48	0.21	1.22	1.16	-0.21	-1.89	-1.72
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	14%
5 Years:	12%
3 Years:	21%
TTM:	-4%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-78%

Stock Price CAGR
10 Years:	30%
5 Years:	71%
3 Years:	29%
1 Year:	-30%

Return on Equity
10 Years:	4%
5 Years:	0%
3 Years:	-2%
Last Year:	-10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	24	24	24	24	24	24	24	24	24	24	24	28	28
Reserves	-13	-15	-9	-12	7	5	4	5	8	10	30	25	22
	22	23	23	7	5	6	9	8	9	12	22	22	23
	19	21	22	42	26	29	25	27	25	28	36	43	50
Total Liabilities	53	53	60	63	62	65	62	64	66	75	113	118	123
	24	24	20	21	24	26	27	27	26	26	60	65	65
CWIP	0	0	0	0	0	0	0	1	1	1	1	0	0
Investments	4	4	2	1	0	0	0	0	0	0	1	1	1
	25	26	38	39	38	38	35	37	39	47	52	52	57
Total Assets	53	53	60	63	62	65	62	64	66	75	113	118	123

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	1	1	-3	25	2	2	0	3	2	-0	2	4
	-1	-1	5	-2	1	-3	-2	-1	-1	-1	-3	-1
	1	-0	-2	-23	-3	1	1	-2	-0	2	2	-3
Net Cash Flow	0	-0	0	0	-0	-0	0	-0	0	-0	-0	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	244	110	107	120	112	115	90	85	105	92	67	66
Inventory Days	234	124	100	72	69	52	60	60	64	58	73	88
Days Payable	242	120	110	108	131	138	113	107	114	87	93	112
Cash Conversion Cycle	235	114	98	85	50	29	38	38	55	62	47	42
Working Capital Days	78	21	79	-52	56	39	41	40	65	65	48	32
ROCE %		4%	9%	11%	51%	-3%	0%	5%	11%	9%	4%	-3%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	70.93%	70.93%	70.93%	70.92%	70.92%	70.92%	70.92%	70.92%	68.71%	68.71%	68.71%	68.71%
	0.23%	0.23%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.20%	0.20%	0.20%	0.20%
	28.85%	28.85%	28.85%	28.86%	28.84%	28.86%	28.85%	28.86%	31.10%	31.10%	31.10%	31.11%
No. of Shareholders	25,191	25,670	25,355	25,297	25,151	25,049	24,927	24,685	25,732	25,511	25,689	25,526

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	71.01%	70.92%	70.93%	70.93%	70.93%	70.93%	70.92%	68.71%	68.71%
	0.24%	0.24%	0.24%	0.24%	0.23%	0.23%	0.22%	0.20%	0.20%
	28.75%	28.83%	28.83%	28.83%	28.85%	28.85%	28.86%	31.10%	31.11%
No. of Shareholders	26,081	26,070	25,743	25,546	25,190	25,670	25,049	25,511	25,526

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Indokem Ltd

Indokem Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports