Indo Euro Indchem Ltd

Indo Euro Indchem Ltd

₹ 15.8 -3.79%
22 Nov - close price
About

Incorporated in 1990, Indo Euro Ind Chem Ltd is in the business of manufacturing and trading in paper and other merchandise

Key Points

Business Overview:[1]
Company operated in Pigment and Organic Chemical business and ventured into new business of trading of laminates, Base Paper etc. Company changed its name from Rinku Polychem Limited to Indo Euro Indchem Ltd in order to grow its new business of imports. Company’s major imports are from Europe, Japan and China.

  • Market Cap 14.3 Cr.
  • Current Price 15.8
  • High / Low 22.8 / 10.8
  • Stock P/E 54.8
  • Book Value 12.1
  • Dividend Yield 0.00 %
  • ROCE 1.81 %
  • ROE 0.86 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.68% over last 3 years.
  • Company has high debtors of 290 days.

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

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
3.37 10.58 7.55 4.04 1.36 1.91 2.78 1.43 0.97 1.01 7.41 4.93 0.91
3.36 9.57 7.96 3.70 0.68 2.13 3.67 1.43 1.36 1.00 7.59 4.76 1.07
Operating Profit 0.01 1.01 -0.41 0.34 0.68 -0.22 -0.89 0.00 -0.39 0.01 -0.18 0.17 -0.16
OPM % 0.30% 9.55% -5.43% 8.42% 50.00% -11.52% -32.01% 0.00% -40.21% 0.99% -2.43% 3.45% -17.58%
0.09 0.04 0.02 0.10 0.12 0.13 0.13 0.09 0.42 0.08 0.23 0.14 0.20
Interest 0.00 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.07 0.00 0.00 0.00
Depreciation 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.02 0.02
Profit before tax 0.08 1.02 -0.42 0.42 0.77 -0.11 -0.79 0.07 0.01 0.00 0.04 0.29 0.02
Tax % 37.50% 25.49% -19.05% 26.19% 25.97% 0.00% -29.11% 28.57% 500.00% 50.00% 27.59% 50.00%
0.06 0.77 -0.33 0.31 0.57 -0.11 -0.56 0.05 -0.04 0.01 0.02 0.22 0.01
EPS in Rs 0.07 0.85 -0.36 0.34 0.63 -0.12 -0.62 0.06 -0.04 0.01 0.02 0.24 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
4.64 1.56 2.81 5.53 3.09 7.65 0.81 6.34 7.61 22.64 10.08 10.82 14.26
4.17 1.65 2.84 5.58 3.20 7.77 1.06 6.55 7.87 22.07 10.19 11.39 14.42
Operating Profit 0.47 -0.09 -0.03 -0.05 -0.11 -0.12 -0.25 -0.21 -0.26 0.57 -0.11 -0.57 -0.16
OPM % 10.13% -5.77% -1.07% -0.90% -3.56% -1.57% -30.86% -3.31% -3.42% 2.52% -1.09% -5.27% -1.12%
0.01 0.34 0.23 0.06 0.28 0.31 0.38 0.33 0.43 0.24 0.49 0.82 0.65
Interest 0.25 0.05 0.01 0.02 0.00 0.00 0.01 0.01 0.01 0.02 0.02 0.07 0.07
Depreciation 0.03 0.03 0.06 0.06 0.07 0.05 0.05 0.06 0.07 0.07 0.07 0.06 0.07
Profit before tax 0.20 0.17 0.13 -0.07 0.10 0.14 0.07 0.05 0.09 0.72 0.29 0.12 0.35
Tax % -5.00% 41.18% -23.08% -14.29% 20.00% 50.00% 28.57% 20.00% 33.33% 29.17% 27.59% 75.00%
0.20 0.10 0.16 -0.05 0.08 0.08 0.05 0.03 0.07 0.51 0.22 0.04 0.26
EPS in Rs 0.22 0.11 0.18 -0.06 0.09 0.09 0.06 0.03 0.08 0.56 0.24 0.04 0.28
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 21%
5 Years: 68%
3 Years: 12%
TTM: 101%
Compounded Profit Growth
10 Years: 10%
5 Years: 12%
3 Years: 9%
TTM: 139%
Stock Price CAGR
10 Years: 0%
5 Years: 10%
3 Years: 10%
1 Year: 14%
Return on Equity
10 Years: 1%
5 Years: 2%
3 Years: 3%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

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 9.03 9.03 9.03 9.03 9.03 9.03 9.03 9.03 9.03 9.03 9.03 9.03 9.03
Reserves 0.76 0.86 1.02 0.97 1.09 1.15 0.53 0.57 0.64 1.16 1.25 1.66 1.91
1.31 1.31 0.43 0.00 0.00 0.00 0.00 0.10 0.08 0.06 0.03 0.00 0.00
2.23 0.91 0.47 0.57 0.44 3.70 1.00 6.09 7.30 6.30 4.79 5.63 6.79
Total Liabilities 13.33 12.11 10.95 10.57 10.56 13.88 10.56 15.79 17.05 16.55 15.10 16.32 17.73
1.25 1.00 0.76 0.66 0.59 0.43 0.38 0.48 0.41 0.35 0.29 0.23 0.20
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.23 0.74 0.75
Investments 0.48 0.48 0.48 0.48 0.52 0.50 0.28 0.29 0.29 0.29 0.17 0.09 0.09
11.60 10.63 9.71 9.43 9.45 12.95 9.90 15.02 16.35 15.91 14.41 15.26 16.69
Total Assets 13.33 12.11 10.95 10.57 10.56 13.88 10.56 15.79 17.05 16.55 15.10 16.32 17.73

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.15 -0.89 -2.37 -1.54 2.39 0.28 0.27 0.57 -1.20 -1.78 -2.36 0.57
-1.80 0.77 3.49 0.63 -2.71 0.03 0.00 -0.16 0.00 2.03 2.07 -0.55
-0.25 0.00 0.00 -0.02 0.28 -0.42 -0.37 -0.37 1.28 0.00 -0.02 -0.03
Net Cash Flow 0.10 -0.12 1.12 -0.93 -0.05 -0.12 -0.10 0.04 0.08 0.25 -0.31 0.00

Ratios

Figures in Rs. Crores

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 195.87 297.15 397.47 307.58 379.17 259.56 1,049.94 236.04 271.47 131.39 274.11 290.11
Inventory Days 61.14 176.46 238.17 110.85 141.37 68.23 488.31 201.57 238.83 65.96 72.39 165.42
Days Payable 174.29 164.37 39.46 25.01 32.13 166.25 266.35 359.55 463.49 116.74 202.34 259.60
Cash Conversion Cycle 82.72 309.23 596.18 393.42 488.42 161.54 1,271.90 78.06 46.81 80.62 144.16 195.93
Working Capital Days 212.39 411.79 580.62 391.40 480.76 159.84 1,234.69 112.26 106.00 84.16 274.11 235.12
ROCE % 4.67% -0.99% -0.37% -0.49% 0.99% 2.27% 0.81% 0.62% 1.03% 7.40% 3.02% 1.81%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.86% 55.86% 55.86% 55.86% 55.86% 56.08% 56.21% 56.21% 56.21% 56.21% 56.21% 56.21%
0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59%
43.55% 43.55% 43.55% 43.54% 43.55% 43.33% 43.18% 43.19% 43.20% 43.19% 43.20% 43.20%
No. of Shareholders 5,3255,4415,4785,6765,9765,8745,7835,9976,0086,1906,2276,290

* 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.

Click on the line-items to see the names of individual entities.

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