Chembond Chemicals Ltd

Chembond Chemicals Ltd

₹ 697 12.92%
24 Jul - close price
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 937 Cr.
  • Current Price 697
  • High / Low 746 / 330
  • Stock P/E 23.6
  • Book Value 269
  • Dividend Yield 0.50 %
  • ROCE 15.6 %
  • ROE 11.6 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 18.0% CAGR over last 5 years

Cons

  • Stock is trading at 2.59 times its book value
  • Company has a low return on equity of 8.13% over last 3 years.
  • Earnings include an other income of Rs.17.3 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

Consolidated Figures in Rs. Crores / View Standalone

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
82.22 77.71 83.76 93.48 94.03 97.65 110.14 110.62 122.03 113.54 112.02 114.60 121.83
77.21 72.18 79.81 88.82 91.07 96.66 100.93 99.46 108.81 104.58 97.51 100.44 110.15
Operating Profit 5.01 5.53 3.95 4.66 2.96 0.99 9.21 11.16 13.22 8.96 14.51 14.16 11.68
OPM % 6.09% 7.12% 4.72% 4.99% 3.15% 1.01% 8.36% 10.09% 10.83% 7.89% 12.95% 12.36% 9.59%
2.16 3.50 3.45 0.56 1.10 0.40 1.10 1.46 1.67 3.01 9.31 3.56 1.38
Interest 0.17 0.09 0.27 0.15 0.18 0.14 0.19 0.21 0.50 0.26 0.46 0.32 0.13
Depreciation 1.16 1.09 1.13 1.14 1.11 1.05 1.08 1.07 1.31 1.06 1.47 1.38 1.63
Profit before tax 5.84 7.85 6.00 3.93 2.77 0.20 9.04 11.34 13.08 10.65 21.89 16.02 11.30
Tax % 27.57% 38.47% 21.83% 39.95% 23.83% 770.00% 14.05% 26.72% 22.48% 17.37% 29.79% 16.04% 40.62%
4.24 4.82 4.70 2.36 2.11 -1.34 7.77 8.25 10.19 8.78 15.35 13.49 6.70
EPS in Rs 3.76 3.56 3.49 1.75 1.55 -1.02 5.75 6.14 7.58 6.51 11.48 10.04 4.99
Raw PDF
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
262 274 299 270 291 327 301 268 274 349 440 462
243 253 273 259 274 304 275 258 256 332 405 412
Operating Profit 18 21 26 11 17 23 26 10 18 17 35 49
OPM % 7% 8% 9% 4% 6% 7% 8% 4% 7% 5% 8% 11%
5 1 1 189 18 11 4 3 15 9 5 17
Interest 5 4 4 2 1 1 1 1 0 1 1 1
Depreciation 3 3 4 4 4 4 4 4 5 4 5 6
Profit before tax 16 15 20 195 30 28 24 8 29 21 34 60
Tax % 50% 40% 28% 20% 24% 16% 19% 61% 28% 32% 26% 26%
8 9 14 156 23 24 20 3 20 14 25 44
EPS in Rs 5.47 5.80 9.31 114.66 14.37 16.34 12.88 1.39 15.12 10.35 18.66 33.02
Dividend Payout % 26% 26% 16% 4% 11% 11% 16% 144% 15% 48% 16% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 19%
TTM: 5%
Compounded Profit Growth
10 Years: 18%
5 Years: 18%
3 Years: 25%
TTM: 67%
Stock Price CAGR
10 Years: 23%
5 Years: 23%
3 Years: 44%
1 Year: 73%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 8%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 75 80 89 200 223 242 255 262 286 297 315 355
29 33 25 11 9 9 7 3 2 2 7 7
71 86 83 72 82 68 54 50 59 56 74 79
Total Liabilities 182 205 203 289 321 325 322 322 354 361 402 447
47 54 51 47 49 108 109 124 122 121 116 122
CWIP 5 3 3 2 2 1 2 0 0 1 12 13
Investments 1 1 1 88 150 76 58 51 73 75 65 92
130 148 147 152 120 140 153 147 160 165 208 220
Total Assets 182 205 203 289 321 325 322 322 354 361 402 447

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 10 24 -27 5 -12 -12 24 25 -10 1 28
-7 -6 -3 52 -0 19 14 -12 -11 -2 1 -22
-8 -4 -18 -24 -3 -4 -6 -11 -2 -4 -2 -5
Net Cash Flow -8 -0 3 1 2 3 -5 1 12 -16 0 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 100 116 105 78 84 90 110 112 111 94 96 95
Inventory Days 69 74 60 46 59 46 58 77 82 67 53 54
Days Payable 95 113 96 86 95 96 84 96 120 76 81 88
Cash Conversion Cycle 74 77 70 38 49 40 84 94 73 84 67 62
Working Capital Days 75 81 69 104 53 53 89 102 85 79 75 70
ROCE % 17% 15% 18% 22% 12% 11% 9% 3% 10% 7% 10% 16%

Shareholding Pattern

Numbers in percentages

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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