Sadhana Nitro Chem Ltd

Sadhana Nitro Chem Ltd

₹ 44.6 -0.80%
22 Nov - close price
About

Sadhana Nitro Chem Ltd is engaged in manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals and wireless network equipment and services.[1]

Key Points

Product Portfolio & Applications
The company's products include 12 chemical intermediates like Nitrobenzene, Meta Amino phenol, Metanilic acid, Aniline Oil, Ortho Aminophenol, Para Amino Phenol, Ammonium Sulfate, Diethyl Keto Acid, Aniline 2,5 Disulphonic Acid, ODB2 etc. The chemicals are used in Agro Chemicals, Aramid Fibre, Pharma, Developers, Hair Colors, Dyes, Specialized Resins, Performance Chemicals etc. [1]

  • Market Cap 1,469 Cr.
  • Current Price 44.6
  • High / Low 82.2 / 37.7
  • Stock P/E 380
  • Book Value 7.08
  • Dividend Yield 0.34 %
  • ROCE 8.02 %
  • ROE 3.22 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 55.6%
  • Promoter holding has increased by 1.38% over last quarter.
  • Company's median sales growth is 29.5% of last 10 years

Cons

  • Stock is trading at 6.30 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.23% over last 3 years.
  • Company has high debtors of 282 days.
  • Promoter holding has decreased over last 3 years: -7.15%

* 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

Part of BSE SmallCap BSE Allcap BSE Commodities

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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
28.48 30.67 36.73 24.34 40.10 30.95 50.46 43.13 41.44 49.20 55.09 30.84 32.71
25.73 26.16 33.95 22.32 34.94 26.06 39.84 34.12 28.63 37.25 44.57 21.80 24.16
Operating Profit 2.75 4.51 2.78 2.02 5.16 4.89 10.62 9.01 12.81 11.95 10.52 9.04 8.55
OPM % 9.66% 14.70% 7.57% 8.30% 12.87% 15.80% 21.05% 20.89% 30.91% 24.29% 19.10% 29.31% 26.14%
1.24 0.60 2.32 1.14 0.99 -0.66 0.25 0.72 0.05 0.65 2.58 0.27 1.16
Interest 0.96 1.53 1.25 1.26 2.29 1.93 4.26 4.32 4.48 4.35 4.11 4.14 4.41
Depreciation 1.41 1.41 1.51 1.50 1.60 1.83 2.68 3.79 3.82 3.83 3.46 3.98 3.99
Profit before tax 1.62 2.17 2.34 0.40 2.26 0.47 3.93 1.62 4.56 4.42 5.53 1.19 1.31
Tax % 25.93% 30.41% 42.31% -7.50% 43.81% 42.55% 33.33% 24.69% 36.18% 68.55% 65.82% 96.64% 58.02%
1.20 1.51 1.35 0.43 1.27 0.27 2.62 1.22 2.91 1.39 1.89 0.04 0.55
EPS in Rs 0.04 0.05 0.04 0.01 0.04 0.01 0.08 0.04 0.09 0.04 0.06 0.00 0.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 15m Mar 2014 9m Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
68 33 48 35 57 110 267 120 90 121 146 189 168
63 35 51 33 49 76 147 83 72 107 123 145 128
Operating Profit 5 -2 -3 2 9 35 120 37 18 14 23 44 40
OPM % 8% -6% -7% 6% 15% 32% 45% 31% 20% 11% 16% 23% 24%
9 12 13 0 0 0 1 2 4 5 2 4 5
Interest 10 6 5 5 6 5 12 3 3 5 10 17 17
Depreciation 4 2 2 2 2 2 3 5 6 6 8 15 15
Profit before tax 0 2 3 -5 1 28 106 31 13 8 7 16 12
Tax % 487% 137% -33% 0% 0% -11% 29% 25% 21% 32% 35% 54%
-2 -1 4 -5 1 31 75 24 10 6 5 7 4
EPS in Rs -0.06 -0.02 0.13 -0.15 0.03 0.98 2.37 0.74 0.32 0.18 0.14 0.22 0.12
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 51% 66% 50%
Compounded Sales Growth
10 Years: 19%
5 Years: -7%
3 Years: 28%
TTM: 1%
Compounded Profit Growth
10 Years: 11%
5 Years: -37%
3 Years: -10%
TTM: -45%
Stock Price CAGR
10 Years: 58%
5 Years: 45%
3 Years: 20%
1 Year: -36%
Return on Equity
10 Years: 16%
5 Years: 6%
3 Years: 3%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 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 9 9 9 9 9 9 9 9 14 20 20 25 25
Reserves -10 -11 -7 -12 2 37 95 114 119 120 208 208 209
53 38 37 42 36 16 8 46 83 116 139 233 263
19 22 26 28 37 55 66 49 90 124 61 71 83
Total Liabilities 72 59 66 68 83 116 179 218 306 380 428 536 579
28 26 31 29 37 39 67 76 70 67 144 156 151
CWIP 9 9 9 9 9 11 2 15 23 68 28 53 78
Investments 0 0 0 0 0 0 5 6 6 7 6 6 0
35 24 26 30 37 66 105 122 207 238 250 321 351
Total Assets 72 59 66 68 83 116 179 218 306 380 428 536 579

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6 10 6 -1 10 44 52 -11 1 -4 -38 -2
-0 11 -0 -0 -1 -14 -25 -28 -23 -40 -53 -65
-6 -21 -6 2 -6 -14 -23 30 30 46 72 41
Net Cash Flow 0 -0 0 0 4 16 4 -8 7 2 -19 -26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 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 63 45 58 135 83 25 46 156 236 121 200 282
Inventory Days 115 180 99 177 174 192 197 374 641
Days Payable 136 231 220 401 321 122 141 197 273
Cash Conversion Cycle 41 -6 -63 -89 -64 95 103 333 604 121 200 282
Working Capital Days 54 -72 -7 10 -10 -45 41 218 345 312 401 378
ROCE % 5% -13% 1% 17% 62% 135% 24% 8% 6% 5% 8%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
74.02% 74.02% 74.02% 74.02% 74.02% 71.68% 71.12% 65.81% 65.64% 65.48% 65.47% 66.87%
0.21% 0.21% 0.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.00% 0.00% 0.04%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.05% 0.02% 0.02% 0.03% 0.01%
25.76% 25.76% 25.89% 25.97% 25.97% 28.31% 28.86% 34.15% 34.30% 34.50% 34.50% 33.08%
No. of Shareholders 24,60225,79226,42526,62524,71026,26829,53736,52043,36643,76849,69147,934

* 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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