Organic Coatings Ltd

₹ 20.8 -1.97%

23 Dec - close price

About

Incorporated in 1965, Organic Coatings Ltd. is engaged in the business of manufacturing and trading in Printing Inks & Allied products.

Key Points

Product Profile:^[1]
a) Offset Inks:^[2] Rich Green Inks, Rich Gloss G 16 Inks, Monarch Inks, Dry Rich Inks, Polytuff Inks, Superstar Inks, Hexachrome Inks
b) Water based Flexo Inks:^[3] Products for diverse printing process and cured by UV radiation
c) Security Inks:^[4] Alkali Sensitive Ink, Magic Inks, Fugitive Inks, Invisible Inks, Penetrating Black Inks and Pen Reactive Ink
e) Specialty Inks:^[5] Cold Carbonizing Inks Red And Black, Carbonless Black Ink, Fluorescent Inks, Coin Reactive Ink and ARSR And LF Inks.

Website BSE

Market Cap ₹ 20.8 Cr.
Current Price ₹ 20.8
High / Low ₹ 36.4 / 7.81
Stock P/E
Book Value ₹ 0.98
Dividend Yield 0.00 %
ROCE 7.63 %
ROE -32.8 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter
Company's working capital requirements have reduced from 40.6 days to 28.8 days

Cons

Stock is trading at 21.3 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of -47.4% 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: Chemicals Industry: Chemicals

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Detailed Comparison with:

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
	4.64	6.43	6.90	7.10	4.90	4.97	5.93	6.50	5.19	6.11	9.04	13.06	6.16
	4.99	6.23	6.49	6.60	4.95	4.68	5.31	6.09	4.85	5.79	8.27	12.27	6.32
Operating Profit	-0.35	0.20	0.41	0.50	-0.05	0.29	0.62	0.41	0.34	0.32	0.77	0.79	-0.16
OPM %	-7.54%	3.11%	5.94%	7.04%	-1.02%	5.84%	10.46%	6.31%	6.55%	5.24%	8.52%	6.05%	-2.60%
	0.03	0.01	0.03	0.08	0.05	0.02	0.02	0.00	0.01	0.04	0.01	0.02	0.01
Interest	0.46	0.34	0.35	0.35	0.37	0.39	0.38	0.41	0.34	0.36	0.34	0.33	0.33
Depreciation	0.27	0.27	0.26	0.26	0.26	0.25	0.22	0.25	0.23	0.23	0.22	0.23	0.22
Profit before tax	-1.05	-0.40	-0.17	-0.03	-0.63	-0.33	0.04	-0.25	-0.22	-0.23	0.22	0.25	-0.70
Tax %	0.00%	0.00%	17.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-1.04	-0.40	-0.20	-0.03	-0.63	-0.33	0.04	-0.25	-0.22	-0.23	0.22	0.26	-0.70
EPS in Rs	-1.36	-0.52	-0.26	-0.04	-0.82	-0.43	0.05	-0.33	-0.29	-0.30	0.29	0.34	-0.91
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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
	45.25	41.77	45.57	40.69	29.94	37.10	35.59	27.54	14.05	22.07	22.90	26.83	34.37
	46.11	43.38	44.77	39.35	27.65	35.20	34.40	25.99	13.56	21.61	21.54	24.99	32.65
Operating Profit	-0.86	-1.61	0.80	1.34	2.29	1.90	1.19	1.55	0.49	0.46	1.36	1.84	1.72
OPM %	-1.90%	-3.85%	1.76%	3.29%	7.65%	5.12%	3.34%	5.63%	3.49%	2.08%	5.94%	6.86%	5.00%
	0.27	9.99	1.42	0.27	0.32	0.55	0.24	0.40	0.05	0.11	0.16	0.07	0.08
Interest	3.86	2.56	1.94	1.42	1.17	1.06	1.12	1.18	1.39	1.47	1.49	1.45	1.36
Depreciation	1.85	1.63	1.41	1.40	1.31	1.35	1.34	1.29	1.30	1.07	0.98	0.93	0.90
Profit before tax	-6.30	4.19	-1.13	-1.21	0.13	0.04	-1.03	-0.52	-2.15	-1.97	-0.95	-0.47	-0.46
Tax %	-0.16%	0.00%	0.00%	0.00%	0.00%	25.00%	0.00%	0.00%	0.00%	1.52%	0.00%	0.00%
	-6.29	4.19	-1.12	-1.21	0.13	0.03	-1.03	-0.51	-2.15	-2.00	-0.95	-0.47	-0.45
EPS in Rs	-8.20	5.46	-1.46	-1.58	0.17	0.04	-1.34	-0.66	-2.80	-2.61	-1.24	-0.61	-0.58
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:	-4%
5 Years:	-5%
3 Years:	24%
TTM:	52%

Compounded Profit Growth
10 Years:	%
5 Years:	9%
3 Years:	21%
TTM:	41%

Stock Price CAGR
10 Years:	5%
5 Years:	46%
3 Years:	58%
1 Year:	166%

Return on Equity
10 Years:	-16%
5 Years:	-31%
3 Years:	-47%
Last Year:	-33%

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	7.67	7.67	7.67	7.67	7.67	7.67	7.67	7.67	7.67	7.67	7.67	7.67	7.67
Reserves	-3.19	0.90	-0.21	-1.42	0.58	0.62	-0.43	-0.93	-3.06	-5.05	-5.99	-6.48	-6.92
	24.97	15.46	10.78	9.21	8.51	7.49	8.30	9.33	12.53	12.20	11.98	10.85	10.22
	13.43	10.99	18.06	13.03	11.89	13.42	15.62	5.78	5.21	7.55	6.06	7.07	10.81
Total Liabilities	42.88	35.02	36.30	28.49	28.65	29.20	31.16	21.85	22.35	22.37	19.72	19.11	21.78
	19.74	16.14	15.08	13.81	16.42	15.26	14.07	12.79	11.49	10.45	9.51	8.72	8.57
CWIP	0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	0.00
	23.03	18.88	21.22	14.68	12.23	13.94	17.09	9.06	10.86	11.92	10.21	10.39	13.21
Total Assets	42.88	35.02	36.30	28.49	28.65	29.20	31.16	21.85	22.35	22.37	19.72	19.11	21.78

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
	6.25	-2.55	7.41	3.50	3.66	2.27	0.45	-0.75	-1.27	1.39	1.55	2.70
	-0.05	14.08	-0.28	-0.12	-1.94	-0.09	-0.02	0.06	0.00	0.01	-0.02	-0.12
	-6.53	-11.57	-6.61	-3.37	-1.87	-2.07	-0.32	-0.14	1.86	-1.79	-1.72	-2.58
Net Cash Flow	-0.33	-0.04	0.51	0.01	-0.15	0.11	0.12	-0.84	0.58	-0.39	-0.18	-0.01

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	109.30	97.96	94.27	61.36	65.71	66.51	86.46	54.60	142.10	115.11	98.66	86.79
Inventory Days	77.21	52.24	64.50	56.98	66.59	60.29	72.24	68.20	140.74	81.27	73.24	71.00
Days Payable	129.06	101.29	137.89	99.32	117.04	118.75	154.59	102.60	193.78	162.06	123.28	139.51
Cash Conversion Cycle	57.45	48.90	20.88	19.02	15.25	8.05	4.11	20.20	89.07	34.32	48.63	18.29
Working Capital Days	56.38	49.46	1.36	-19.11	28.89	13.48	20.20	15.24	108.33	46.64	46.38	28.84
ROCE %	-7.88%	32.91%	3.74%	1.48%	7.95%	6.76%	0.51%	4.18%	-4.58%	-3.13%	3.86%	7.63%

Shareholding Pattern

Numbers in percentages

11 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	55.83%	55.83%	55.83%	55.83%	55.83%	55.83%	55.83%	55.83%	55.83%	55.83%	55.83%	55.83%
	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%
	43.51%	43.51%	43.51%	43.52%	43.51%	43.51%	43.51%	43.52%	43.52%	43.52%	43.52%	43.51%
No. of Shareholders	2,248	2,313	2,321	2,341	2,440	2,435	2,434	2,411	2,429	2,544	2,512	2,590

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	46.72%	49.95%	54.21%	55.83%	55.83%	55.83%	55.83%	55.83%	55.83%	55.83%
	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.65%	0.65%	3.03%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%	0.65%
	52.54%	49.40%	42.76%	43.51%	43.51%	43.51%	43.51%	43.51%	43.52%	43.51%
No. of Shareholders	2,810	2,754	2,343	2,300	2,256	2,225	2,313	2,435	2,544	2,590

* 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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Organic Coatings Ltd

Organic Coatings Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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