Nitta Gelatin India Ltd

Nitta Gelatin India Ltd

₹ 815 -1.01%
30 Aug - close price
About

Incorporated in 1975, Nitta Gelatin India Ltd manufactures and sells ossein, gelatin, and collagen peptide[1]

Key Points

Business Overview:[1]
NGIL, a joint venture between the Kerala State Industrial Development Corporation (32% shareholding) and Osaka-based NGI (43% stake), manufactures gelatin, ossein, limed ossein, and DCP from processed animal bones. It also produces collagen peptide-based consumer products for the pharmaceutical and healthcare industries.

  • Market Cap 740 Cr.
  • Current Price 815
  • High / Low 1,184 / 733
  • Stock P/E 9.58
  • Book Value 348
  • Dividend Yield 0.74 %
  • ROCE 36.6 %
  • ROE 29.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 102% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%

Cons

* 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: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
91 103 116 118 113 125 119 130 116 123 118 115 131
84 94 99 102 98 104 89 107 82 97 91 93 104
Operating Profit 8 10 17 16 15 21 31 23 34 27 27 22 28
OPM % 8% 9% 14% 14% 14% 17% 26% 17% 29% 22% 23% 19% 21%
1 3 1 0 1 5 0 0 2 9 0 5 2
Interest 1 1 1 1 1 2 1 0 0 0 0 2 0
Depreciation 3 3 3 3 3 3 3 3 3 4 4 4 3
Profit before tax 4 8 13 12 12 20 27 19 33 32 23 22 26
Tax % 25% 30% 29% 30% 29% 23% 22% 28% 25% 21% 29% 26% 26%
3 5 10 9 8 16 21 14 24 25 17 16 19
EPS in Rs 3.39 5.87 10.46 9.57 9.31 17.34 22.85 15.23 26.97 27.63 18.29 17.94 21.19
Raw PDF

Profit & Loss

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 TTM
303 287 355 357 341 343 261 294 354 429 487 473 488
263 277 329 318 304 316 243 268 314 378 397 363 385
Operating Profit 40 10 27 39 37 27 18 27 40 51 90 110 103
OPM % 13% 3% 8% 11% 11% 8% 7% 9% 11% 12% 18% 23% 21%
2 0 2 2 9 5 1 3 5 6 5 17 16
Interest 7 6 8 6 4 7 8 8 5 5 4 3 2
Depreciation 10 11 10 9 10 14 14 15 15 14 13 14 14
Profit before tax 26 -7 10 26 32 11 -4 7 24 38 78 110 103
Tax % 40% -32% 49% 37% 36% 65% -28% -15% 26% 29% 25% 25%
16 -5 5 17 20 4 -3 8 18 27 59 82 77
EPS in Rs 13.91 -5.46 5.62 18.38 22.57 4.16 -2.91 8.70 19.72 29.30 64.72 90.86 85.05
Dividend Payout % 22% 0% 18% 14% 11% 60% -52% 29% 15% 14% 12% 7%
Compounded Sales Growth
10 Years: 5%
5 Years: 13%
3 Years: 10%
TTM: 0%
Compounded Profit Growth
10 Years: 34%
5 Years: 102%
3 Years: 66%
TTM: 3%
Stock Price CAGR
10 Years: 20%
5 Years: 53%
3 Years: 49%
1 Year: -10%
Return on Equity
10 Years: 15%
5 Years: 20%
3 Years: 25%
Last Year: 30%

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
Equity Capital 8 9 9 9 9 9 9 9 9 9 9 9
Reserves 111 106 113 125 130 138 133 134 154 176 231 307
42 53 53 70 84 104 101 79 75 80 33 27
41 42 40 45 48 55 51 53 49 51 53 57
Total Liabilities 202 210 214 249 271 305 295 276 287 316 326 400
68 82 77 80 77 110 126 116 108 102 109 106
CWIP 8 8 8 7 11 10 3 4 2 7 7 8
Investments 32 32 32 45 27 4 4 4 4 4 5 5
93 88 96 117 157 181 161 151 172 202 206 281
Total Assets 202 210 214 249 271 305 295 276 287 316 326 400

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
16 23 17 29 11 26 28 33 15 13 78 79
-11 -24 -8 -22 -3 -7 -13 -7 -3 -11 -15 -44
-4 0 -8 11 -6 -20 -14 -29 -12 -2 -53 -15
Net Cash Flow -0 -0 1 18 2 -0 1 -3 -0 -1 10 20

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 31 28 23 21 56 65 74 34 57 65 59 60
Inventory Days 138 129 99 112 127 151 202 220 161 148 133 164
Days Payable 55 80 50 43 37 56 67 58 46 30 45 53
Cash Conversion Cycle 114 77 72 90 147 160 210 196 172 182 148 171
Working Capital Days 69 61 61 59 101 92 103 72 103 114 92 100
ROCE % 22% -1% 11% 17% 17% 7% 2% 6% 13% 17% 31% 37%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
74.48% 74.48% 74.48% 74.48% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 74.49%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.26% 0.26% 0.12% 0.12% 0.12% 0.12%
25.40% 25.40% 25.40% 25.40% 25.41% 25.41% 25.26% 25.26% 25.41% 25.40% 25.40% 25.39%
No. of Shareholders 6,5726,3576,3756,3997,5938,6508,3328,46610,18311,02811,57311,783

* 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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