Chembond Chemicals Ltd

Chembond Chemicals Ltd

₹ 596 0.29%
04 Oct 4:01 p.m.
About

Incorporated in 1974, Chembond Chemicals Ltd manufactures, trades and provides services of Specialty Chemicals[1]

Key Points

Business Overview:[1][2]
CCL provides specialty chemical solutions, offering metal-treatment chemicals, water-treatment chemicals, and industrial enzymes. Company also manufactures chemicals for the construction and infrastructure sectors, and high-performance coatings for structural protection from corrosion, for floors and walls in clean rooms, and for shop floors and building exteriors. It diversified into equipment-based solutions for water treatment. Additionally, it talso rades in building construction chemicals

  • Market Cap 800 Cr.
  • Current Price 596
  • High / Low 746 / 330
  • Stock P/E 123
  • Book Value 182
  • Dividend Yield 0.58 %
  • ROCE 3.37 %
  • ROE 2.74 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 81.2%

Cons

  • Stock is trading at 3.27 times its book value
  • The company has delivered a poor sales growth of -19.6% over past five years.
  • Company has a low return on equity of 2.51% over last 3 years.
  • Earnings include an other income of Rs.11.1 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
11.13 10.62 12.75 11.14 12.71 11.57 12.03 14.55 14.32 12.33 12.40 13.55 13.79
9.78 9.64 11.29 11.35 12.75 12.04 11.81 13.76 14.26 12.05 13.02 13.55 13.33
Operating Profit 1.35 0.98 1.46 -0.21 -0.04 -0.47 0.22 0.79 0.06 0.28 -0.62 0.00 0.46
OPM % 12.13% 9.23% 11.45% -1.89% -0.31% -4.06% 1.83% 5.43% 0.42% 2.27% -5.00% 0.00% 3.34%
3.25 4.86 0.79 1.20 0.71 3.45 1.38 1.02 2.63 3.76 2.49 2.77 2.09
Interest 0.01 0.01 0.01 0.02 0.01 0.02 0.02 0.01 0.02 0.01 0.02 0.02 0.02
Depreciation 0.69 0.68 0.67 0.66 0.61 0.64 0.60 0.60 0.61 0.65 0.61 0.59 0.57
Profit before tax 3.90 5.15 1.57 0.31 0.05 2.32 0.98 1.20 2.06 3.38 1.24 2.16 1.96
Tax % 30.26% 5.63% 33.12% 64.52% 900.00% -23.28% 34.69% 28.33% -8.25% 24.56% -20.97% 55.09% 22.45%
2.72 4.86 1.05 0.12 -0.40 2.85 0.65 0.86 2.23 2.54 1.50 0.96 1.52
EPS in Rs 2.02 3.61 0.78 0.09 -0.30 2.12 0.48 0.64 1.66 1.89 1.12 0.71 1.13
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
174.25 203.37 216.69 215.58 218.43 231.90 156.01 58.32 42.00 45.61 50.81 52.27 52.07
173.76 197.15 208.75 216.53 214.54 224.86 151.43 56.69 38.34 42.02 49.17 52.55 51.95
Operating Profit 0.49 6.22 7.94 -0.95 3.89 7.04 4.58 1.63 3.66 3.59 1.64 -0.28 0.12
OPM % 0.28% 3.06% 3.66% -0.44% 1.78% 3.04% 2.94% 2.79% 8.71% 7.87% 3.23% -0.54% 0.23%
8.44 2.85 3.30 190.50 16.79 10.44 5.65 6.56 11.86 10.09 5.41 11.64 11.11
Interest 2.92 3.04 2.74 1.19 0.64 0.55 0.29 0.08 0.07 0.05 0.06 0.07 0.07
Depreciation 1.82 1.92 2.76 2.69 2.74 2.87 2.88 2.80 2.80 2.70 2.44 2.46 2.42
Profit before tax 4.19 4.11 5.74 185.67 17.30 14.06 7.06 5.31 12.65 10.93 4.55 8.83 8.74
Tax % 17.18% 4.38% 2.61% 18.55% 16.07% 3.34% 10.34% -4.52% 23.56% 20.04% 13.19% 18.12%
3.48 3.92 5.58 151.23 14.52 13.59 6.33 5.54 9.67 8.74 3.96 7.24 6.52
EPS in Rs 2.62 2.95 4.20 112.86 10.80 10.11 4.71 4.12 7.19 6.50 2.94 5.38 4.85
Dividend Payout % 54.54% 50.97% 35.81% 3.99% 15.27% 18.30% 42.46% 48.52% 31.27% 76.89% 101.82% 64.97%
Compounded Sales Growth
10 Years: -13%
5 Years: -20%
3 Years: 8%
TTM: -1%
Compounded Profit Growth
10 Years: 5%
5 Years: 1%
3 Years: -12%
TTM: -1%
Stock Price CAGR
10 Years: 18%
5 Years: 21%
3 Years: 36%
1 Year: 57%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 3%
Last Year: 3%

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
Equity Capital 6.66 6.66 6.66 6.70 6.72 6.72 6.72 6.72 6.72 6.72 6.72 6.72
Reserves 40.31 42.30 45.54 190.11 207.66 219.07 222.82 222.92 232.58 238.29 235.08 238.19
22.98 24.82 21.77 8.19 7.33 4.67 0.00 0.00 0.00 0.00 0.00 0.00
42.48 55.33 49.32 46.06 52.49 49.83 20.71 10.08 11.62 9.68 11.72 12.92
Total Liabilities 112.43 129.11 123.29 251.06 274.20 280.29 250.25 239.72 250.92 254.69 253.52 257.83
34.03 38.21 36.18 36.81 37.67 37.39 35.63 36.30 33.72 32.12 28.50 28.81
CWIP 3.18 1.50 1.96 1.74 1.70 0.67 2.00 0.22 0.43 0.40 7.03 11.87
Investments 14.97 20.11 20.11 105.21 166.87 173.64 157.48 158.05 169.37 171.70 163.34 167.91
60.25 69.29 65.04 107.30 67.96 68.59 55.14 45.15 47.40 50.47 54.65 49.24
Total Assets 112.43 129.11 123.29 251.06 274.20 280.29 250.25 239.72 250.92 254.69 253.52 257.83

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
-3.48 11.89 8.76 -27.77 -3.11 8.31 -15.87 1.99 3.81 -0.49 0.09 5.68
-5.83 -9.57 1.19 50.27 1.91 1.49 18.24 2.22 -2.92 2.16 7.20 -1.93
7.40 -1.68 -8.49 -20.34 -1.10 -5.40 -7.46 -5.64 -0.07 -3.07 -6.79 -2.40
Net Cash Flow -1.91 0.64 1.47 2.16 -2.30 4.39 -5.09 -1.42 0.82 -1.41 0.50 1.35

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 59.36 68.04 61.06 51.94 61.61 59.32 92.62 106.27 159.99 171.18 166.01 133.17
Inventory Days 61.94 56.79 44.87 42.01 53.74 41.08 30.03 57.06 85.78 50.49 45.38 43.36
Days Payable 80.86 95.71 76.44 71.07 85.76 87.31 44.33 77.35 160.08 108.10 119.25 107.53
Cash Conversion Cycle 40.44 29.12 29.49 22.89 29.59 13.10 78.32 85.98 85.69 113.57 92.14 68.99
Working Capital Days 31.59 21.30 17.40 97.12 28.91 20.07 76.15 206.78 278.27 295.14 224.34 165.22
ROCE % 10.82% 9.99% 11.48% 21.06% 1.19% 6.48% 3.20% 2.26% 5.45% 4.54% 1.27% 3.37%

Shareholding Pattern

Numbers in percentages

20 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
66.00% 66.05% 66.28% 66.28% 67.49% 67.55% 67.55% 67.54% 67.54% 67.55% 67.55% 67.56%
0.28% 0.56% 0.69% 0.57% 0.57% 0.57% 0.58% 0.57% 0.59% 1.10% 0.94% 0.66%
0.67% 0.83% 0.83% 0.83% 0.83% 0.83% 0.69% 0.69% 0.69% 0.98% 1.18% 1.21%
33.05% 32.56% 32.20% 32.32% 31.10% 31.05% 31.18% 31.20% 31.18% 30.36% 30.32% 30.56%
No. of Shareholders 8,44310,00210,44010,55811,08610,0369,4839,4589,4809,81810,14510,840

* 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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