Sanginita Chemicals Ltd

Sanginita Chemicals Ltd

₹ 15.4 1.45%
22 Nov - close price
About

Incorporated in 2005, Sanginita Chemicals
Ltd is a manufacturer and exporter of Cuprous chloride, Cupric chloride and a supplier of synthetic resins[1]

Key Points

Product Profile:[1][2]
a) Cuprous Chloride[3]
b) Cupric Chloride[4]
c) Copper Sulphate[5]
d) Copper Pathalocynine Blue Crude[6]
Company is currently supplying products in India including supply to Merchant Exporter. However, since last couple of years, company has also started export of its products

  • Market Cap 39.8 Cr.
  • Current Price 15.4
  • High / Low 36.7 / 15.0
  • Stock P/E 97.1
  • Book Value 21.6
  • Dividend Yield 0.00 %
  • ROCE 5.18 %
  • ROE 1.90 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.71 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -6.25%
  • The company has delivered a poor sales growth of -4.18% over past five years.
  • Promoter holding is low: 37.2%
  • Company has a low return on equity of 1.28% 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: Chemicals

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Quarterly Results

Figures in Rs. Crores

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
49.95 51.99 38.75 51.09 30.14 33.51 33.82 35.90 33.41 29.16 53.04 56.95 61.34
48.35 52.32 38.81 50.31 29.57 32.40 33.24 34.69 31.98 27.94 52.94 55.67 60.08
Operating Profit 1.60 -0.33 -0.06 0.78 0.57 1.11 0.58 1.21 1.43 1.22 0.10 1.28 1.26
OPM % 3.20% -0.63% -0.15% 1.53% 1.89% 3.31% 1.71% 3.37% 4.28% 4.18% 0.19% 2.25% 2.05%
0.04 0.09 0.08 0.16 0.25 0.05 0.11 0.07 0.08 0.25 0.04 0.04 0.13
Interest 0.56 0.51 0.51 0.59 0.60 0.63 0.68 0.66 0.62 0.66 0.68 0.64 0.63
Depreciation 0.14 0.15 0.15 0.14 0.14 0.14 0.14 0.15 0.16 0.20 0.24 0.26 0.47
Profit before tax 0.94 -0.90 -0.64 0.21 0.08 0.39 -0.13 0.47 0.73 0.61 -0.78 0.42 0.29
Tax % 24.47% 0.00% -25.00% 23.81% 25.00% 23.08% -30.77% 25.53% 26.03% 26.23% -24.36% 26.19% 24.14%
0.70 -0.90 -0.48 0.16 0.06 0.29 -0.10 0.35 0.54 0.46 -0.58 0.31 0.22
EPS in Rs 0.27 -0.35 -0.19 0.06 0.02 0.11 -0.04 0.14 0.21 0.18 -0.22 0.12 0.08
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
96 119 129 151 155 197 188 160 164 197 149 151 200
92 114 124 147 150 189 178 151 160 195 145 147 197
Operating Profit 5 5 4 5 5 8 9 8 4 3 3 4 4
OPM % 5% 4% 3% 3% 3% 4% 5% 5% 2% 1% 2% 3% 2%
0 -0 0 0 0 0 0 0 0 0 1 0 0
Interest 3 3 3 3 3 2 3 3 3 2 2 3 3
Depreciation 1 1 1 0 0 0 1 1 1 1 1 1 1
Profit before tax 1 1 1 2 2 5 5 4 1 0 1 1 1
Tax % 30% 35% 32% 32% 34% 33% 28% 25% 25% 24% 23% 27%
1 1 1 1 1 3 4 3 1 0 0 1 0
EPS in Rs 0.46 0.68 0.81 0.87 0.43 1.33 1.52 1.30 0.29 0.14 0.16 0.30 0.16
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: -4%
3 Years: -3%
TTM: 47%
Compounded Profit Growth
10 Years: -2%
5 Years: -28%
3 Years: 0%
TTM: -62%
Stock Price CAGR
10 Years: %
5 Years: -34%
3 Years: -11%
1 Year: -28%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: 1%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

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 8 8 8 8 17 17 17 17 17 17 17 17 26
Reserves 5 6 7 8 11 14 18 21 22 22 23 24 30
25 23 23 25 26 26 29 35 29 35 29 33 29
2 7 12 2 7 3 7 5 2 5 11 12 18
Total Liabilities 41 44 50 44 60 61 72 78 70 79 80 86 103
5 5 4 4 3 4 4 4 4 4 4 8 12
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
36 40 46 40 57 57 67 74 66 75 75 78 91
Total Assets 41 44 50 44 60 61 72 78 70 79 80 86 103

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 6 2 0 -7 3 1 -2 9 -3 14 -2
-1 -0 0 -0 -0 -1 -1 -1 -0 -0 -1 -4
-3 -6 -2 -0 8 -2 0 2 -8 4 -13 6
Net Cash Flow 0 0 -0 0 0 -0 0 -0 -0 0 0 -0

Ratios

Figures in Rs. Crores

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 84 64 86 64 96 66 62 89 65 46 63 64
Inventory Days 54 48 41 30 29 29 39 50 51 46 70 76
Days Payable 3 14 32 2 15 3 8 7 2 8 25 27
Cash Conversion Cycle 136 98 95 93 109 92 93 132 114 84 107 112
Working Capital Days 126 99 96 92 117 98 117 157 142 129 146 159
ROCE % 11% 12% 11% 11% 10% 14% 14% 11% 5% 4% 4% 5%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.66% 65.41% 64.64% 62.68% 62.47% 62.45% 61.10% 60.23% 60.23% 60.23% 43.49% 37.24%
33.35% 34.59% 35.36% 37.32% 37.53% 37.55% 38.90% 39.77% 39.77% 39.77% 56.51% 62.76%
No. of Shareholders 8,1328,4239,1159,8269,6469,6829,4859,6219,71411,32016,51515,973

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