Nova Agritech Ltd

Nova Agritech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nova Agritech Ltd

₹ 61.8 2.08%
19 Nov 12:03 p.m.
Company website BSE: 544100 NSE: NOVAAGRI
About

Incorporated in 2007, Nova Agri Tech Ltd
is an agri-input manufacturer offering soil
health management, crop nutrition and crop protection products[1]

Key Points

Business Overview:[1]
NATL is a part of Nova Group. It is primarily
into manufacturing and marketing of bio-fertilizers, bio-pesticides, organic fertilizers, micro, and macronutrients. It sells to dealers, and also directly to the farmers. Company also manufactures pesticides through its 100% owned subsidiary viz. Nova Agri Sciences Private Limited (NASPL)

Website BSE NSE
  • Market Cap ₹ 572 Cr.
  • Current Price ₹ 61.8
  • High / Low ₹ 94.1 / 45.0
  • Stock P/E 19.8
  • Book Value ₹ 22.1
  • Dividend Yield 0.00 %
  • ROCE 21.8 %
  • ROE 22.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 42.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has high debtors of 178 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.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

Part of BSE IPO

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
55.73 73.17 34.92 68.29 78.48 70.77 41.91 82.69
45.45 57.76 27.83 56.04 63.43 60.86 36.02 70.82
Operating Profit 10.28 15.41 7.09 12.25 15.05 9.91 5.89 11.87
OPM % 18.45% 21.06% 20.30% 17.94% 19.18% 14.00% 14.05% 14.35%
0.00 0.05 0.00 0.03 0.00 0.01 0.55 0.49
Interest 2.02 3.02 2.18 2.16 2.23 2.45 1.26 1.55
Depreciation 0.66 0.65 0.49 0.51 0.52 0.44 0.36 0.47
Profit before tax 7.60 11.79 4.42 9.61 12.30 7.03 4.82 10.34
Tax % 26.84% 31.55% 21.95% 27.89% 21.63% -17.78% 11.20% 34.53%
5.56 8.07 3.44 6.94 9.64 8.28 4.28 6.77
EPS in Rs 4.43 1.24 0.53 1.06 1.48 0.89 0.46 0.73
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
116 131 138 161 186 211 252 274
100 118 123 142 158 172 208 231
Operating Profit 15 13 15 18 28 39 44 43
OPM % 13% 10% 11% 11% 15% 18% 18% 16%
0 0 0 0 0 0 0 1
Interest 3 4 6 8 7 9 9 7
Depreciation 2 2 2 2 2 2 2 2
Profit before tax 10 7 6 9 18 28 33 34
Tax % 34% 34% 36% 27% 26% 27% 15%
6 5 4 6 14 20 28 29
EPS in Rs 5.10 3.90 3.09 5.02 10.92 3.14 3.06 3.56
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 16%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 42%
3 Years: 65%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 29%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13 13 13 13 13 13 18 18
Reserves 9 14 18 17 31 51 175 186
30 31 46 51 64 71 61 56
45 61 64 67 53 46 44 39
Total Liabilities 97 119 141 147 160 181 298 300
15 17 16 17 18 17 16 17
CWIP 2 1 0 0 0 1 1 3
Investments 0 0 0 0 0 0 0 0
80 102 125 130 142 163 282 280
Total Assets 97 119 141 147 160 181 298 300

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 3 -8 5 2 6 1
-6 -3 -1 -3 -4 -2 -23
3 -1 10 -2 3 -2 82
Net Cash Flow -0 0 -0 0 1 2 59

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 132 159 213 193 183 183 178
Inventory Days 197 208 192 133 122 123 114
Days Payable 207 233 225 174 108 80 60
Cash Conversion Cycle 123 134 180 152 197 226 233
Working Capital Days 105 112 159 144 166 192 209
ROCE % 20% 19% 21% 27% 31% 22%

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024
59.38% 59.38% 59.38%
4.72% 3.14% 0.05%
3.27% 1.82% 1.41%
29.92% 32.97% 36.45%
2.70% 2.70% 2.70%
No. of Shareholders 82,10181,80789,527

* 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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Documents

Announcements

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DRHP

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