Sumitomo Chemical India Ltd

Sumitomo Chemi. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sumitomo Chemical India Ltd

₹ 510 -1.68%
21 Nov - close price
sumichem.co.in BSE: 542920 NSE: SUMICHEM
About

Sumitomo Chemical India Ltd. (SCIL) is one of the leading players in the industry which has a balanced portfolio of technical as well as formulation products along with backward integration for some products. The Company is known for domestic marketing of proprietary products of its Japanese parent -Sumitomo Chemical Company Limited in agrochemicals, animal nutrition, and environmental health business segments. With the integration of Excel Crop Care Limited, the Company now has a strong portfolio of generics in addition to specialty products and a strong combined marketing network. With this integration, the Company has moved up several notches in the pecking order of the Indian crop protection industry. SCIL has also marked its presence in Africa and several other geographies of the world.[1] [2]

Key Points

Products
The company operates in various product segments, including insecticides, weedicides, fungicides, fumigants, rodenticides, plant growth nutrition products, bio-rationals, and plant growth regulators. It markets proprietary products from its Japanese parent, Sumitomo Chemical Co., in agrochemicals, animal nutrition, and environmental health.[1]

The products comprise conventional chemistry sourced from SCC, and biological products sourced from a USA-based subsidiary, Valent Biosciences LLC. [2]

Website BSE NSE
  • Market Cap ₹ 25,436 Cr.
  • Current Price ₹ 510
  • High / Low ₹ 628 / 336
  • Stock P/E 52.6
  • Book Value ₹ 54.4
  • Dividend Yield 0.18 %
  • ROCE 20.8 %
  • ROE 15.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 34.4%

Cons

  • Stock is trading at 9.38 times its book value
  • The company has delivered a poor sales growth of 4.97% over past five 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: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

Part of BSE 250 SmallCap Index Nifty Smallcap 250 Nifty Midcap150 Quality 50 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
910 707 664 986 1,122 753 652 724 903 540 664 832 971
695 580 555 798 843 632 571 643 715 475 526 670 729
Operating Profit 215 127 109 188 278 121 81 81 188 66 139 162 242
OPM % 24% 18% 16% 19% 25% 16% 12% 11% 21% 12% 21% 19% 25%
8 15 7 5 11 13 17 18 25 27 27 26 31
Interest 2 2 1 1 1 1 1 1 1 1 1 1 1
Depreciation 11 11 11 11 15 11 14 14 16 16 16 14 15
Profit before tax 210 129 104 180 272 121 82 83 196 76 149 173 257
Tax % 26% 24% 28% 23% 26% 25% 12% 26% 27% 27% 26% 26% 26%
155 98 75 138 202 91 72 62 144 55 109 128 191
EPS in Rs 3.11 1.96 1.50 2.77 4.05 1.82 1.45 1.24 2.88 1.10 2.19 2.57 3.82
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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
495 635 671 724 799 1,911 2,223 2,423 2,643 3,060 3,511 2,833 3,008
484 587 614 635 698 1,691 1,932 2,088 2,155 2,458 2,843 2,358 2,399
Operating Profit 10 48 57 89 101 219 291 335 488 603 668 474 609
OPM % 2% 8% 8% 12% 13% 11% 13% 14% 18% 20% 19% 17% 20%
3 3 8 26 10 31 -0 -20 19 36 45 96 111
Interest 0 2 1 1 1 5 5 7 7 8 6 5 4
Depreciation 0 6 6 7 7 24 28 41 47 45 52 61 62
Profit before tax 13 43 58 107 103 221 258 267 453 586 655 503 654
Tax % 0% 23% 40% 40% 40% 34% 35% 23% 24% 26% 23% 27%
13 33 35 65 62 145 167 206 345 434 503 370 483
EPS in Rs 4.12 6.92 8.69 10.09 7.41 9.68
Dividend Payout % 0% 0% 0% 0% 0% 0% 38% 18% 12% 12% 12% 80%
Compounded Sales Growth
10 Years: 16%
5 Years: 5%
3 Years: 2%
TTM: -1%
Compounded Profit Growth
10 Years: 27%
5 Years: 17%
3 Years: 2%
TTM: 31%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 11%
1 Year: 31%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 21%
Last Year: 15%

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 Sep 2024
Equity Capital 233 233 233 233 275 275 275 499 499 499 499 499 499
Reserves -70 -36 -2 63 360 665 761 710 1,029 1,425 1,881 1,941 2,214
1 0 0 0 0 10 20 36 33 38 34 25 24
202 243 234 280 288 695 791 848 1,097 1,047 955 822 1,077
Total Liabilities 367 440 466 576 922 1,644 1,846 2,093 2,658 3,009 3,368 3,287 3,814
48 47 51 52 53 267 279 319 309 390 430 489 491
CWIP 0 0 0 1 7 9 8 10 14 35 71 23 9
Investments 0 0 0 0 277 2 1 87 291 357 239 425 624
319 393 415 523 585 1,367 1,558 1,676 2,043 2,227 2,628 2,351 2,691
Total Assets 367 440 466 576 922 1,644 1,846 2,093 2,658 3,009 3,368 3,287 3,814

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
-16 20 4 52 -21 49 75 222 424 223 389 756
-1 -8 -8 -5 -289 -40 -35 -118 -282 -281 -327 -426
0 -1 0 -0 276 7 -65 -61 -47 -63 -73 -331
Net Cash Flow -17 11 -4 47 -34 16 -26 43 95 -120 -10 -1

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 96 90 83 92 101 105 110 128 117 101 98 91
Inventory Days 125 135 169 191 202 193 133 185 198 157 135
Days Payable 134 109 132 115 176 136 112 145 110 87 96
Cash Conversion Cycle 96 81 109 130 177 131 167 150 157 189 168 131
Working Capital Days 62 58 69 79 113 115 119 111 97 128 138 175
ROCE % 8% 25% 27% 41% 22% 29% 27% 26% 33% 34% 30% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
1.36% 1.69% 1.90% 2.05% 2.44% 2.40% 2.51% 2.58% 2.61% 2.74% 3.06% 3.49%
6.17% 6.36% 6.70% 6.39% 5.52% 5.50% 5.50% 6.06% 6.02% 6.63% 7.13% 6.96%
17.47% 16.95% 16.40% 16.54% 17.02% 17.09% 16.96% 16.33% 16.35% 15.61% 14.79% 14.54%
No. of Shareholders 1,50,5891,39,6011,33,6581,46,0631,44,0181,42,5961,56,1361,47,9071,45,0831,48,7641,28,1481,24,857

* 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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