Choksi Laboratories Ltd

Choksi Laborator Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Choksi Laboratories Ltd

₹ 80.7 -5.18%
28 Aug - close price
choksilab.com BSE: 526546
About

Incorporated in 1982, Choksi Laboratories Ltd provides contract testing and analytical services. Company analyzes for its clients, or as a regulatory requirement in industries such as pharmaceutical, food, engineering and
construction material.

Key Points

Services Offered:[1]
a) Contract Laboratory Services (CLS):[2]
Company provides four different analysis under CLS, viz.
Pharmaceutical Analysis
Food & Beverages Analysis
Water Analysis
Construction Material Analysis
b) Instrument Calibration & Validation Services:[3] Company provides Laboratory and On-Site calibration for test equipment, process equipment, and in many cases end-user equipment, Plant Shutdown Calibration, and consultancy for setting up an in-house calibration laboratory.
c) Environmental Management Services:[4]
Company helps industries develop their Waste Disposal and Effluent Treatment capabilities along with Air Pollution Monitoring, and Waste Water Management
d) Clinical Research Services:[5]
Company has developed a 40-bed clinical research facility for carrying out Bio-Availability and Bio-Equivalence studies
e) Consultancy:[6]
Company provides Training, Auditing, and Consultancy for organizations
f) Assaying & Hallmarking:[7]
Company has set up a gold & silver hallmarking center with EDXRF, Laser assisted marking machine and fire-assay facilities.

Website BSE
  • Market Cap ₹ 56.2 Cr.
  • Current Price ₹ 80.7
  • High / Low ₹ 90.4 / 38.3
  • Stock P/E 48.0
  • Book Value ₹ 31.9
  • Dividend Yield 0.00 %
  • ROCE 8.87 %
  • ROE 5.12 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.53 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.70% over past five years.
  • Promoter holding is low: 31.5%
  • Company has a low return on equity of 5.02% 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

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
5.33 7.21 7.37 10.14 8.24 8.68 7.84 9.78 8.88 7.95 8.79 11.12 10.74
5.04 5.46 5.21 5.44 5.95 6.35 5.61 6.30 6.45 5.84 6.55 7.63 7.91
Operating Profit 0.29 1.75 2.16 4.70 2.29 2.33 2.23 3.48 2.43 2.11 2.24 3.49 2.83
OPM % 5.44% 24.27% 29.31% 46.35% 27.79% 26.84% 28.44% 35.58% 27.36% 26.54% 25.48% 31.38% 26.35%
0.09 0.00 0.00 0.02 0.00 0.02 0.10 2.26 0.00 0.05 0.00 0.06 0.01
Interest 0.86 0.83 0.76 0.76 0.75 0.87 0.93 0.94 0.82 0.74 0.67 0.77 0.72
Depreciation 1.36 1.37 1.36 1.35 1.40 1.31 1.36 1.42 1.39 1.41 1.43 1.49 1.50
Profit before tax -1.84 -0.45 0.04 2.61 0.14 0.17 0.04 3.38 0.22 0.01 0.14 1.29 0.62
Tax % -16.30% 17.78% 25.00% 14.18% -107.14% 64.71% 425.00% 11.54% -59.09% 0.00% 57.14% 46.51% 30.65%
-1.54 -0.53 0.03 2.24 0.30 0.06 -0.13 2.99 0.36 0.01 0.06 0.68 0.42
EPS in Rs -2.21 -0.76 0.04 3.22 0.43 0.09 -0.19 4.29 0.52 0.01 0.09 0.98 0.60
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
17.02 22.16 24.45 25.10 28.63 30.40 33.74 28.16 25.69 30.04 34.44 36.70 38.60
13.09 17.85 19.30 19.95 23.85 24.06 26.48 24.62 21.57 21.14 24.17 26.42 27.93
Operating Profit 3.93 4.31 5.15 5.15 4.78 6.34 7.26 3.54 4.12 8.90 10.27 10.28 10.67
OPM % 23.09% 19.45% 21.06% 20.52% 16.70% 20.86% 21.52% 12.57% 16.04% 29.63% 29.82% 28.01% 27.64%
0.06 0.10 0.63 -0.05 0.86 0.35 0.25 -2.80 0.49 0.12 2.47 0.16 0.12
Interest 1.13 1.19 1.57 1.23 1.47 1.59 1.54 1.89 2.82 3.23 3.52 3.06 2.90
Depreciation 1.42 1.59 2.83 2.73 2.86 3.16 3.68 4.56 4.60 5.43 5.50 5.71 5.83
Profit before tax 1.44 1.63 1.38 1.14 1.31 1.94 2.29 -5.71 -2.81 0.36 3.72 1.67 2.06
Tax % 29.17% 28.83% 36.23% 36.84% 32.06% 29.90% 30.13% -32.05% -7.12% 44.44% 13.71% 32.93%
1.02 1.17 0.88 0.72 0.89 1.35 1.60 -3.88 -2.61 0.21 3.21 1.11 1.17
EPS in Rs 1.53 1.68 1.26 1.03 1.28 1.94 2.30 -5.57 -3.75 0.30 4.61 1.59 1.68
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: 5%
5 Years: 2%
3 Years: 13%
TTM: 10%
Compounded Profit Growth
10 Years: 0%
5 Years: -7%
3 Years: 34%
TTM: -9%
Stock Price CAGR
10 Years: 25%
5 Years: 44%
3 Years: 71%
1 Year: 45%
Return on Equity
10 Years: 2%
5 Years: 0%
3 Years: 5%
Last Year: 5%

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
Equity Capital 6.67 6.97 6.97 6.97 6.97 6.97 6.97 6.97 6.97 6.97 6.97 6.97
Reserves 12.17 13.35 12.35 13.07 14.16 15.43 17.04 13.26 10.78 10.94 14.14 15.25
9.27 11.45 11.65 13.68 11.20 12.43 17.05 31.64 39.15 37.29 32.41 30.87
6.18 6.93 6.70 8.81 8.32 9.85 14.28 13.14 9.48 9.22 6.84 8.86
Total Liabilities 34.29 38.70 37.67 42.53 40.65 44.68 55.34 65.01 66.38 64.42 60.36 61.95
19.67 23.98 19.28 17.64 22.23 28.62 34.81 33.08 50.32 46.56 44.83 43.43
CWIP 1.93 2.23 2.73 8.99 4.28 0.00 3.23 13.06 0.50 1.67 0.31 2.99
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12.69 12.49 15.66 15.90 14.14 16.06 17.30 18.87 15.56 16.19 15.22 15.53
Total Assets 34.29 38.70 37.67 42.53 40.65 44.68 55.34 65.01 66.38 64.42 60.36 61.95

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
2.31 3.77 2.30 0.01 6.57 6.25 6.91 2.87 5.90 7.88 8.25 11.55
-2.60 -6.10 -0.73 -0.01 -1.88 -4.92 -9.76 -13.76 -7.65 -2.71 -0.71 -6.65
0.28 1.31 -1.37 0.00 -4.89 -0.94 2.13 11.09 1.63 -5.07 -7.61 -4.58
Net Cash Flow -0.01 -1.02 0.21 0.00 -0.20 0.39 -0.72 0.20 -0.12 0.10 -0.07 0.32

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 134.25 117.27 126.15 124.77 112.19 118.62 95.09 90.60 115.94 125.03 112.87 103.33
Inventory Days 0.00 0.00 0.00 0.00 28.27 30.50 37.89 20.28 15.62 46.09 34.68 51.33
Days Payable 591.13 594.31 660.70 723.24 685.97 741.06 297.29 560.33
Cash Conversion Cycle 134.25 117.27 126.15 124.77 -450.67 -445.18 -527.72 -612.36 -554.41 -569.95 -149.73 -405.67
Working Capital Days 76.13 52.71 73.45 44.35 24.22 33.74 40.13 53.40 61.09 70.11 88.07 68.23
ROCE % 9.63% 9.25% 7.94% 7.51% 7.33% 10.51% 10.09% -1.48% 0.00% 6.40% 9.16% 8.87%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
31.48% 31.48% 31.48% 31.48% 31.48% 31.48% 31.48% 31.48% 31.48% 31.48% 31.48% 31.48%
68.52% 68.52% 68.52% 68.52% 68.51% 68.51% 68.52% 68.52% 68.52% 68.52% 68.52% 68.53%
No. of Shareholders 3,5063,5343,5493,5673,5283,5183,5363,5853,7773,9094,1874,051

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