Sunshield Chemicals Ltd

Sunshield Chemicals Ltd

₹ 966 -2.53%
22 Jul 4:01 p.m.
About

Incorporated in 1986, Sunshield Chemicals Ltd manufactures and sells Speciality Chemicals[1]

Key Points

Business Overview:[1]
SCL is currently promoted by Indus Petrochem Limited (62.36% holding). It manufactures a wide range of organic and other specialty chemicals such as surfactants, ethoxylation, and antioxidants
at its plant in Raigad (Maharashtra)

  • Market Cap 710 Cr.
  • Current Price 966
  • High / Low 1,113 / 730
  • Stock P/E 37.7
  • Book Value 112
  • Dividend Yield 0.25 %
  • ROCE 22.2 %
  • ROE 25.4 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.3%

Cons

  • Stock is trading at 8.64 times its book value
  • The company has delivered a poor sales growth of 8.36% over past five 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: Chemicals

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
51.70 60.62 58.66 57.99 66.74 62.69 64.37 51.24 66.46 66.68 65.98 65.19 85.53
44.32 53.34 49.71 49.85 59.88 54.22 53.60 46.65 59.14 58.01 57.05 54.52 73.37
Operating Profit 7.38 7.28 8.95 8.14 6.86 8.47 10.77 4.59 7.32 8.67 8.93 10.67 12.16
OPM % 14.27% 12.01% 15.26% 14.04% 10.28% 13.51% 16.73% 8.96% 11.01% 13.00% 13.53% 16.37% 14.22%
0.14 17.87 0.14 0.01 0.51 0.18 0.28 0.61 0.75 0.48 0.27 0.38 0.35
Interest 1.42 1.17 1.11 1.12 1.38 2.10 1.53 1.88 1.93 1.91 1.88 1.90 2.10
Depreciation 1.42 1.44 1.43 1.43 1.51 1.52 1.72 1.57 1.64 1.83 1.85 1.86 1.84
Profit before tax 4.68 22.54 6.55 5.60 4.48 5.03 7.80 1.75 4.50 5.41 5.47 7.29 8.57
Tax % 29.49% 27.60% 30.08% 32.32% 37.72% 24.06% 29.62% 42.86% 25.56% 29.02% 29.07% 29.63% 30.11%
3.30 16.32 4.58 3.79 2.79 3.82 5.49 1.00 3.35 3.84 3.88 5.13 5.99
EPS in Rs 4.49 22.19 6.23 5.15 3.79 5.20 7.47 1.36 4.56 5.22 5.28 6.98 8.15
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
105 134 119 150 166 183 190 181 199 244 245 283
97 122 117 140 157 168 173 164 169 213 214 243
Operating Profit 8 11 2 10 9 16 16 17 30 31 31 40
OPM % 8% 8% 2% 7% 5% 8% 9% 9% 15% 13% 13% 14%
0 -0 1 3 -2 2 1 0 0 19 2 1
Interest 5 4 3 11 9 10 11 10 7 5 7 8
Depreciation 2 2 3 5 6 6 6 6 6 6 6 7
Profit before tax 1 5 -4 -3 -8 2 0 1 17 39 19 27
Tax % 18% 107% -19% -75% -16% 20% 0% 46% 15% 30% 28% 30%
1 -0 -3 -1 -7 1 0 1 14 27 14 19
EPS in Rs 1.14 -0.54 -4.32 -1.16 -9.07 1.63 0.30 0.87 19.28 37.37 18.58 25.62
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 5% 11% 5%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 13%
TTM: 16%
Compounded Profit Growth
10 Years: 44%
5 Years: 57%
3 Years: 10%
TTM: 38%
Stock Price CAGR
10 Years: 15%
5 Years: 48%
3 Years: 38%
1 Year: 2%
Return on Equity
10 Years: 21%
5 Years: 31%
3 Years: 27%
Last Year: 25%

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 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 14 14 10 9 2 4 4 4 19 46 59 75
44 56 75 101 100 110 106 109 88 79 77 85
16 23 39 33 31 36 31 26 24 41 34 61
Total Liabilities 81 100 131 151 141 157 148 147 138 173 177 229
36 34 31 79 74 71 69 71 66 71 79 75
CWIP 0 3 48 2 3 3 3 0 1 7 1 45
Investments 4 0 0 0 0 0 0 0 0 0 0 0
41 63 53 70 64 83 76 76 71 95 97 109
Total Assets 81 100 131 151 141 157 148 147 138 173 177 229

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
15 -7 13 1 12 2 15 19 35 33 14 42
-1 -3 -31 -17 -3 -4 -2 -7 -4 -17 -9 -40
-14 12 15 18 -8 3 -30 -24 -7 -9 -11 -11
Net Cash Flow -0 2 -3 2 1 1 -18 -11 23 7 -5 -9

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 76 90 36 62 60 59 51 57 53 62 60 62
Inventory Days 57 52 86 100 76 91 81 92 79 66 83 82
Days Payable 66 55 70 91 71 70 60 72 63 74 54 77
Cash Conversion Cycle 67 87 52 72 65 80 72 77 69 53 89 67
Working Capital Days 28 103 30 80 34 84 38 93 72 73 96 70
ROCE % 10% 13% -1% 7% 3% 10% 11% 10% 20% 21% 19% 22%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
62.36% 62.36% 62.36% 62.36% 62.36% 62.36% 62.36% 62.36% 62.36% 62.36% 62.36% 62.36%
0.00% 0.00% 0.00% 0.00% 0.00% 0.32% 1.67% 3.50% 5.01% 5.01% 5.01% 5.01%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
37.63% 37.63% 37.63% 37.63% 37.62% 37.31% 35.95% 34.14% 32.61% 32.61% 32.62% 32.60%
No. of Shareholders 5,3894,9555,0705,3215,1955,0124,7624,5754,6084,6934,6174,692

* 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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