Chordia Food Products Ltd

Chordia Food Products Ltd

₹ 84.5 0.51%
23 Dec 12:15 p.m.
About

Incorporated in 1960, Chordia Food Products
Ltd manufactures and sells processed foods[1]

Key Points

Product Portfolio:
a) Pickles:[1]
Special Pickles, Pravin Pickles, Navin Pickles, Toofan Pickles under Mango, Lime, Chilli, Mix Pickles, etc.
b) Ketchup:[2]
Red Chilli Sauce, Green Chilli Sauce and Chilli Garlic Sauce, and Mango Chutney
c) Instant Mixes:[3]
Gulab Jamun Mix, Idli Mix, Dhokla Mix
d) Regional:[4]
Fiery Red Thecha, Murabba / Chunda
e) Others:[5]
Custard Powder, Milk shake, Syrups & Squashes

  • Market Cap 34.0 Cr.
  • Current Price 84.5
  • High / Low 115 / 79.4
  • Stock P/E
  • Book Value 78.9
  • Dividend Yield 0.00 %
  • ROCE -9.19 %
  • ROE -14.0 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.07 times its book value
  • Debtor days have improved from 32.6 to 22.8 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -3.18% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
18.78 15.15 16.30 15.24 19.43 19.84 18.28 20.25 18.29 17.39 21.41 23.60 29.28
17.43 14.82 15.62 14.11 18.70 18.62 18.05 19.33 19.85 17.60 21.33 24.10 28.99
Operating Profit 1.35 0.33 0.68 1.13 0.73 1.22 0.23 0.92 -1.56 -0.21 0.08 -0.50 0.29
OPM % 7.19% 2.18% 4.17% 7.41% 3.76% 6.15% 1.26% 4.54% -8.53% -1.21% 0.37% -2.12% 0.99%
0.01 0.00 0.00 0.06 0.00 0.03 0.00 0.37 0.00 0.00 0.00 0.00 0.00
Interest 0.12 0.16 0.16 0.10 0.14 0.21 0.12 0.10 0.27 0.25 0.13 0.07 0.41
Depreciation 0.52 0.52 0.52 0.52 0.42 0.42 0.41 0.55 0.42 0.44 0.48 0.51 0.43
Profit before tax 0.72 -0.35 0.00 0.57 0.17 0.62 -0.30 0.64 -2.25 -0.90 -0.53 -1.08 -0.55
Tax % 26.39% -20.00% 29.82% 35.29% 30.65% -33.33% 31.25% 0.00% 0.00% 0.00% 0.00% 0.00%
0.53 -0.27 0.00 0.40 0.11 0.43 -0.21 0.44 -2.25 -0.90 -0.53 -1.08 -0.55
EPS in Rs 1.32 -0.68 0.00 1.00 0.28 1.08 -0.52 1.10 -5.62 -2.25 -1.32 -2.70 -1.38
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
34.46 30.23 28.52 60.58 65.48 76.05 79.88 91.68
31.14 26.10 24.44 54.62 61.98 72.88 82.08 92.02
Operating Profit 3.32 4.13 4.08 5.96 3.50 3.17 -2.20 -0.34
OPM % 9.63% 13.66% 14.31% 9.84% 5.35% 4.17% -2.75% -0.37%
0.76 1.01 0.12 0.02 0.06 0.40 0.01 0.00
Interest 0.64 0.53 0.60 1.04 0.54 0.65 0.73 0.86
Depreciation 0.82 0.88 0.93 2.08 2.08 1.80 1.84 1.86
Profit before tax 2.62 3.73 2.67 2.86 0.94 1.12 -4.76 -3.06
Tax % 32.06% 30.29% 23.22% 27.62% 29.79% 30.36% 0.00%
1.78 2.60 2.05 2.08 0.66 0.77 -4.77 -3.06
EPS in Rs 5.93 8.67 6.83 5.20 1.65 1.92 -11.92 -7.65
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 11%
5 Years: %
3 Years: 10%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -92%
Stock Price CAGR
10 Years: 4%
5 Years: -2%
3 Years: -5%
1 Year: -20%
Return on Equity
10 Years: %
5 Years: %
3 Years: -3%
Last Year: -14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity Capital 2.98 2.98 2.98 4.03 4.03 4.03 4.03
Reserves 19.99 22.59 24.64 30.87 31.54 32.31 27.54
2.05 4.00 5.40 7.00 4.49 6.63 13.18
4.69 5.47 4.80 5.81 7.19 11.40 13.78
Total Liabilities 29.71 35.04 37.82 47.71 47.25 54.37 58.53
12.29 10.70 11.01 19.94 17.93 18.54 20.92
CWIP 0.00 0.00 0.00 0.00 0.50 0.50 0.00
Investments 0.02 0.02 0.02 0.03 0.03 0.02 0.02
17.40 24.32 26.79 27.74 28.79 35.31 37.59
Total Assets 29.71 35.04 37.82 47.71 47.25 54.37 58.53

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3.82 0.91 -0.42 5.66 3.90 2.66 -1.71
-0.49 0.71 -1.26 -0.38 -0.58 -2.41 -3.72
-4.01 1.49 0.00 -4.41 -2.47 1.56 5.84
Net Cash Flow -0.68 3.11 -1.68 0.87 0.86 1.81 0.41

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 49.36 53.61 22.27 69.47 41.53 33.50 22.80
Inventory Days 99.09 111.67 160.84 114.13 136.02 135.57 167.91
Days Payable 70.66 73.57 68.93 35.98 39.04 48.10 64.51
Cash Conversion Cycle 77.79 91.71 114.18 147.62 138.50 120.98 126.20
Working Capital Days 130.60 185.10 257.88 123.09 107.14 94.65 87.87
ROCE % 12.53% 10.51% 3.61% 4.26% -9.19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.34% 72.34% 72.34% 72.33% 72.33% 72.33% 72.33% 72.33% 72.33% 72.33% 72.31% 72.26%
27.66% 27.66% 27.66% 27.66% 27.66% 27.68% 27.66% 27.67% 27.66% 27.66% 27.69% 27.73%
No. of Shareholders 3,5953,5593,5473,7343,7903,6483,5993,5413,5093,5343,5463,545

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