Shivam Chemicals Ltd
Incorporated in 2012, Shivam Chemicals Ltd is in the business of wholesale sale of feed ingredients[1]
- Market Cap ₹ 80.2 Cr.
- Current Price ₹ 47.2
- High / Low ₹ 63.0 / 45.1
- Stock P/E 34.9
- Book Value ₹ 20.5
- Dividend Yield 0.00 %
- ROCE 13.0 %
- ROE 13.3 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 32.5 to 40.3 days.
- Working capital days have increased from 44.4 days to 66.0 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 79 | 96 | 177 | 157 | 136 | 160 | |
| 78 | 94 | 171 | 151 | 133 | 157 | |
| Operating Profit | 1 | 2 | 6 | 5 | 3 | 3 |
| OPM % | 2% | 2% | 4% | 3% | 2% | 2% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 6 | 5 | 3 | 3 |
| Tax % | 36% | 32% | 25% | 27% | 29% | |
| 1 | 1 | 4 | 4 | 2 | 2 | |
| EPS in Rs | 20.50 | 21.75 | 112.25 | 93.00 | 1.62 | 1.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | -13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 31% |
| TTM: | -47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.40 | 0.40 | 0.40 | 0.40 | 12 | 17 |
| Reserves | 4 | 5 | 10 | 13 | 3 | 18 |
| 3 | 2 | 5 | 7 | 11 | 14 | |
| 1 | 3 | 8 | 3 | 7 | 2 | |
| Total Liabilities | 9 | 10 | 24 | 24 | 34 | 51 |
| 1 | 0 | 0 | 0 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 2 | 2 | 7 |
| 8 | 9 | 23 | 22 | 32 | 43 | |
| Total Assets | 9 | 10 | 24 | 24 | 34 | 51 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 2 | -3 | -2 | -4 | ||
| 0 | -0 | -1 | -0 | ||
| -2 | 3 | 4 | 4 | ||
| Net Cash Flow | -0 | 0 | -0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 29 | 27 | 29 | 28 | 40 |
| Inventory Days | 1 | 0 | 0 | 0 | 0 |
| Days Payable | 4 | 9 | 15 | 18 | |
| Cash Conversion Cycle | 26 | 19 | 14 | 28 | 22 |
| Working Capital Days | 30 | 25 | 25 | 43 | 66 |
| ROCE % | 22% | 57% | 30% | 13% |
Documents
Announcements
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Compliances- Statement Of Deviation And Variation In The Use Of Proceeds Of The Initial Public Offering.
13 Nov - No deviation in IPO fund utilization reported.
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Financial Result For Half Year Ended September 2024
13 Nov - Board approved unaudited financial results for H1 2024.
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Board Meeting Outcome for Financial Result For Half Year September 2024
13 Nov - Approved unaudited financial results for H1 2024.
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Board Meeting Intimation for Approval Of Unaudited Financial Result Of The Company For The Half Year Ended On 30Th September, 2024.
5 Nov - Board meeting scheduled for financial results approval.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Oct - Certificate under Regulation 74(5) for Q2 2024.
Business Overview:[1]
SCL manufactures Hydrated Lime (Calcium Hydroxide) and distributes various products like Poultry Feed Supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, and Limestone Powder. With a marketing network across India, SCL distributes animal feed products for multiple manufacturers and has supplied over 2.50 lakh metric tons of various products valued at Rs. 750 Crs.