AksharChem (India) Ltd

AksharChem (India) Ltd

₹ 292 -3.02%
21 Nov - close price
About

Incorporated in 1989, Aksharchem (India) Ltd manufactures & exports Dyes Pigments and Precipitated Silica[1]

Key Points

Business Overview:[1]
Aksharchem Ltd is in the business of dyes and pigments manufacturing. It manufactures Vinyl Sulphone, CPC Green, Precipitated Silica grades at Dahej

  • Market Cap 235 Cr.
  • Current Price 292
  • High / Low 376 / 235
  • Stock P/E
  • Book Value 325
  • Dividend Yield 0.17 %
  • ROCE -3.85 %
  • ROE -6.96 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.90 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.32% over past five years.
  • Company has a low return on equity of -0.50% 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: Dyes And Pigments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
82.73 89.73 111.96 114.51 90.52 64.91 64.74 71.68 73.30 75.28 81.79 85.91 78.93
75.33 78.47 109.03 108.28 85.02 62.91 63.05 72.35 76.50 70.34 81.36 79.67 72.91
Operating Profit 7.40 11.26 2.93 6.23 5.50 2.00 1.69 -0.67 -3.20 4.94 0.43 6.24 6.02
OPM % 8.94% 12.55% 2.62% 5.44% 6.08% 3.08% 2.61% -0.93% -4.37% 6.56% 0.53% 7.26% 7.63%
0.33 0.13 0.21 0.04 0.01 0.02 0.07 0.04 0.02 0.28 0.10 0.06 0.22
Interest 0.15 0.82 0.96 0.98 0.82 0.74 0.67 0.80 0.88 0.98 1.07 1.25 1.32
Depreciation 3.08 3.05 3.09 3.20 3.24 3.24 3.17 3.35 3.49 3.47 3.47 3.46 3.51
Profit before tax 4.50 7.52 -0.91 2.09 1.45 -1.96 -2.08 -4.78 -7.55 0.77 -4.01 1.59 1.41
Tax % 29.78% 30.32% -395.60% 30.62% 31.72% -27.55% -5.77% 12.55% 0.79% 57.14% 50.37% 27.67% 26.24%
3.17 5.23 2.68 1.46 0.98 -1.42 -1.97 -5.38 -7.60 0.33 -6.02 1.15 1.04
EPS in Rs 3.86 6.38 3.34 1.82 1.22 -1.77 -2.45 -6.70 -9.46 0.41 -7.49 1.43 1.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
96 145 200 188 248 264 323 260 246 380 335 302 322
90 112 172 155 171 223 288 234 223 349 319 301 304
Operating Profit 6 33 27 32 78 42 34 26 24 32 15 2 18
OPM % 6% 23% 14% 17% 31% 16% 11% 10% 10% 8% 5% 0% 5%
0 -2 3 1 9 7 5 1 1 1 0 0 1
Interest 2 1 3 3 3 1 1 1 1 2 3 4 5
Depreciation 1 1 4 4 5 5 6 7 7 12 13 14 14
Profit before tax 3 29 24 26 79 43 33 19 17 18 -0 -16 -0
Tax % -12% 31% 32% 36% 33% 28% 32% 18% 28% 11% 88% 20%
4 20 16 17 53 31 23 16 12 16 -1 -19 -3
EPS in Rs 7.65 40.46 21.88 22.75 72.37 37.26 27.54 19.16 15.24 19.81 -1.17 -23.25 -4.36
Dividend Payout % 7% 12% 16% 15% 5% 9% 13% 18% 23% 3% -43% -2%
Compounded Sales Growth
10 Years: 8%
5 Years: -1%
3 Years: 7%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 79%
Stock Price CAGR
10 Years: 6%
5 Years: 8%
3 Years: -13%
1 Year: 15%
Return on Equity
10 Years: 8%
5 Years: 2%
3 Years: -1%
Last Year: -7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 5 5 7 7 7 8 8 8 8 8 8 8 8
Reserves 12 29 64 78 133 230 249 257 271 272 270 251 253
14 9 24 31 32 0 12 13 15 50 25 52 68
13 27 51 39 47 61 47 45 62 76 62 70 69
Total Liabilities 44 70 146 155 219 299 316 323 356 406 365 380 398
16 21 55 56 65 86 126 128 229 231 225 235 230
CWIP 0 0 2 4 9 26 31 62 6 16 17 11 30
Investments 0 8 18 22 51 77 21 1 0 0 0 0 0
28 41 71 72 94 110 138 131 120 159 122 135 138
Total Assets 44 70 146 155 219 299 316 323 356 406 365 380 398

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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 22 28 13 41 30 -9 26 49 4 38 -7
-0 -14 -13 -11 -32 -63 -2 -20 -49 -24 -8 -16
-2 -8 -15 -2 -5 33 7 -7 1 18 -30 23
Net Cash Flow -0 0 0 -0 3 -0 -4 -0 1 -1 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 31 34 38 44 20 38 43 42 42 51 39 57
Inventory Days 19 49 53 54 102 68 65 104 148 115 99 131
Days Payable 63 90 111 96 100 70 49 62 97 80 64 88
Cash Conversion Cycle -13 -7 -19 2 22 35 59 83 93 86 75 100
Working Capital Days 54 39 46 71 64 56 98 122 97 89 78 97
ROCE % 17% 85% 34% 27% 53% 21% 13% 7% 6% 6% 1% -4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
61.40% 62.70% 62.70% 62.70% 62.70% 62.70% 62.70% 62.70% 62.70% 62.70% 62.70% 62.70%
1.43% 1.55% 1.45% 1.44% 0.72% 0.68% 0.68% 0.68% 0.68% 0.43% 0.39% 0.07%
0.06% 0.05% 0.05% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
37.11% 35.70% 35.80% 35.81% 36.52% 36.56% 36.56% 36.56% 36.57% 36.82% 36.87% 37.17%
No. of Shareholders 16,15015,76515,77615,81915,72215,32915,00715,50615,26715,11914,62913,740

* 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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