Vadivarhe Speciality Chemicals Ltd

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

Vadivarhe Speciality Chemicals Ltd

₹ 45.0 -3.23%
27 Nov 10:54 a.m.
Company website NSE - SME: VSCL
About

Incorporated in 2009, Vadivarhe Speciality Chemicals Ltd is in the business of manufacturing Specialty Chemicals, Intermediates & API

Key Points

Business Overview:[1][2]
Company manufactures Active Pharmaceutical Ingredients, bulk drugs, special chemicals, Organic Chemicals, Inorganic Chemicals, Bio-Chemicals and Drug Intermediaries. Raw materials are procured primarily from local market and imported from China. Further, finished products of VSCL are sold locally and
also exported to the countries viz, UK,
USA, Switzerland and Malaysia. Company's manufacturing unit is located at Nashik
with an installed capacity of 150 MTPA

Website NSE - SM
  • Market Cap ₹ 57.5 Cr.
  • Current Price ₹ 45.0
  • High / Low ₹ 75.4 / 27.4
  • Stock P/E 113
  • Book Value ₹ 2.49
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 1.24 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 18.7 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -4.69%
  • The company has delivered a poor sales growth of 4.37% over past five years.
  • Company has a low return on equity of -40.2% over last 3 years.
  • Company might be capitalizing the interest cost

* 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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Half Yearly Results

Figures in Rs. Crores

Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
12.02 13.85 12.62 9.82 11.63 21.36 22.32 14.10 25.98 14.47
16.73 14.32 12.78 12.39 15.98 19.80 20.58 15.01 21.04 16.41
Operating Profit -4.71 -0.47 -0.16 -2.57 -4.35 1.56 1.74 -0.91 4.94 -1.94
OPM % -39.18% -3.39% -1.27% -26.17% -37.40% 7.30% 7.80% -6.45% 19.01% -13.41%
0.27 0.90 0.18 0.33 0.34 0.28 0.82 0.19 0.30 0.11
Interest 0.67 0.59 0.64 0.87 0.70 0.78 0.69 0.71 0.57 0.58
Depreciation 0.82 0.90 0.91 0.91 0.88 0.89 0.89 0.87 0.86 0.89
Profit before tax -5.93 -1.06 -1.53 -4.02 -5.59 0.17 0.98 -2.30 3.81 -3.30
Tax % -32.38% -0.00% 11.11% -0.00% -0.00% -0.00% -0.00% 63.04% -0.00% -0.00%
-4.01 -1.06 -1.70 -4.01 -5.59 0.17 0.98 -3.75 3.81 -3.30
EPS in Rs -3.14 -0.83 -1.33 -3.14 -4.37 0.13 0.77 -2.93 2.98 -2.58
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
13.16 13.87 19.03 26.28 35.03 25.56 32.36 28.58 26.47 21.45 43.68 40.08 40.45
15.41 11.18 11.52 18.89 24.64 21.80 29.97 37.82 27.01 28.24 40.22 35.48 37.45
Operating Profit -2.25 2.69 7.51 7.39 10.39 3.76 2.39 -9.24 -0.54 -6.79 3.46 4.60 3.00
OPM % -17.10% 19.39% 39.46% 28.12% 29.66% 14.71% 7.39% -32.33% -2.04% -31.66% 7.92% 11.48% 7.42%
0.05 0.11 0.11 0.14 1.05 0.45 0.40 0.37 1.08 0.66 1.09 0.47 0.41
Interest 1.10 1.02 0.89 1.21 0.85 0.77 1.11 1.37 1.32 1.69 1.61 1.83 1.15
Depreciation 1.69 1.65 1.09 1.36 1.14 1.27 1.63 1.75 1.81 1.79 1.79 1.74 1.75
Profit before tax -4.99 0.13 5.64 4.96 9.45 2.17 0.05 -11.99 -2.59 -9.61 1.15 1.50 0.51
Tax % -32.06% 46.15% 29.61% 13.51% 36.51% 18.43% -20.00% -17.93% 6.56% -0.00% -0.00% 96.67%
-3.39 0.07 3.98 4.29 6.01 1.77 0.06 -9.84 -2.76 -9.61 1.15 0.06 0.51
EPS in Rs -70.07 1.45 82.27 88.67 4.97 1.38 0.05 -7.70 -2.16 -7.52 0.90 0.05 0.40
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: 11%
5 Years: 4%
3 Years: 15%
TTM: 11%
Compounded Profit Growth
10 Years: 1%
5 Years: -8%
3 Years: 26%
TTM: 116%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 14%
1 Year: 26%
Return on Equity
10 Years: -4%
5 Years: -37%
3 Years: -40%
Last Year: 1%

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 4.84 4.84 4.84 4.84 12.09 12.78 12.78 12.78 12.78 12.78 12.78 12.78 12.78
Reserves 5.66 5.73 9.68 12.62 11.38 14.64 14.70 4.87 2.11 -7.50 -6.36 -6.29 -9.60
16.77 14.35 11.24 10.65 12.74 9.66 20.98 19.67 23.45 24.42 26.94 26.18 31.36
4.26 7.75 3.67 5.09 9.52 7.13 9.28 14.00 8.84 11.97 13.08 8.94 6.40
Total Liabilities 31.53 32.67 29.43 33.20 45.73 44.21 57.74 51.32 47.18 41.67 46.44 41.61 40.94
17.79 15.93 15.02 13.96 17.12 19.68 26.09 25.20 25.98 24.32 23.36 21.59 21.89
CWIP -0.00 -0.00 -0.00 -0.00 0.09 1.58 1.88 2.81 0.33 1.09 0.99 1.56 1.58
Investments 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
13.69 16.69 14.36 19.19 28.47 22.90 29.72 23.26 20.82 16.21 22.04 18.41 17.42
Total Assets 31.53 32.67 29.43 33.20 45.73 44.21 57.74 51.32 47.18 41.67 46.44 41.61 40.94

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
-2.83 6.41 5.27 3.18 2.09 7.15 -1.22 4.10 -0.28 1.24 -0.35 2.26
-1.03 -0.00 -0.18 -0.64 -4.33 -5.32 -8.27 -1.68 0.02 -0.82 -0.69 -0.51
3.87 -6.19 -4.01 -3.43 1.88 -1.12 9.25 -2.34 0.58 -0.60 1.05 -2.04
Net Cash Flow 0.02 0.22 1.07 -0.89 -0.37 0.70 -0.23 0.08 0.32 -0.18 -0.00 -0.29

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 71.56 135.00 70.97 117.50 159.63 122.95 143.25 104.34 125.62 34.37 48.22 44.99
Inventory Days 188.83 223.98 221.86 116.68 61.66 170.63 221.62 122.32 77.40 168.42 120.82 147.37
Days Payable 146.00 128.58 50.10 108.01 115.85 120.38 174.61 205.42 152.95 218.56 145.63 122.81
Cash Conversion Cycle 114.38 230.40 242.73 126.18 105.44 173.20 190.26 21.24 50.07 -15.76 23.40 69.55
Working Capital Days 85.70 76.84 102.23 86.67 140.56 143.80 155.66 61.30 76.25 37.95 56.07 81.96
ROCE % -14.79% 4.41% 25.77% 22.61% 29.66% 7.86% 2.88% -25.06% -5.34% -24.02% 7.61% 10.15%

Shareholding Pattern

Numbers in percentages

17 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.64% 74.64% 74.64% 74.64% 74.64% 74.64% 74.64% 74.64% 74.64% 74.64% 74.64% 69.95%
25.38% 25.36% 25.38% 25.36% 25.36% 25.36% 25.36% 25.36% 25.36% 25.36% 25.36% 30.05%
No. of Shareholders 334329338346340339350356360351355398

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