Chemplast Sanmar

₹474.8 -5.8 | 1.2%

WEBSITE BSE:543336 NSE : CHEMPLASTS 13 Nov, 11:51

Market Cap ₹7506 Cr.

Stock P/E -47.4

P/B 32.9

Current Price ₹474.8

Book Value ₹ 14.4

Face Value 5

52W High ₹633

Dividend Yield 0%

52W Low ₹ 413.8

Edit Ratio

Chemplast Sanmar Research see more...

Overview Inc. Year: 1985Industry: Chemicals

Chemplast Sanmar Ltd manufactures and markets speciality chemical compounds in India. The company offers speciality paste PVC resin; custom manufactured chemicals, consisting of natural chemical compounds, and phyto chemical compounds comprising colchicine and thiocolchicoside; chlorochemicals, together with caustic chlor, solvents, and refrigerant gas; and hydrogen peroxide. It offers strong point paste PVC resin and custom synthetic chemical compounds for agro-chemical, pharmaceutical, and high-quality chemicals sectors. The organisation was previously referred to as Chemicals and Plastics India Ltd and changed its name to Chemplast Sanmar Ltd in September 1995. The business enterprise was established in 1967 and is primarily based in Chennai, India. Chemplast Sanmar Ltd is a subsidiary of Sanmar Holdings Ltd.

Chemplast Sanmar Share Price

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Peer Comparison

Chemplast Sanmar Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	1411	1194	1189	1147	996	988	888	1051	1145	993
Other Income	16	17	17	31	18	37	13	13	12	11
Total Income	1427	1211	1205	1178	1014	1025	901	1063	1156	1004
Total Expenditure	1217	1096	1110	1049	1031	942	895	1030	1021	967
Operating Profit	210	115	95	128	-17	83	6	34	136	37
Interest	36	40	39	38	44	39	47	51	59	57
Depreciation	41	33	35	33	32	35	38	46	45	45
Exceptional Income / Expenses	-81	0	0	0	0	0	0	0	0	0
Profit Before Tax	53	42	21	56	-93	9	-78	-63	32	-65
Provision for Tax	12	3	-7	10	-29	-17	11	-32	8	-34
Profit After Tax	41	39	27	46	-64	26	-89	-31	24	-31
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	41	39	27	46	-64	26	-89	-31	24	-31
Adjusted Earnings Per Share	2.6	2.4	1.7	2.9	-4	1.6	-5.7	-2	1.5	-2

Chemplast Sanmar Profit & Loss

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	3030	1254	1258	3799	5892	4941	3923	4077
Other Income	27	12	8	16	57	80	80	49
Total Income	3057	1267	1266	3815	5949	5021	4003	4124
Total Expenditure	2506	933	945	2837	4695	4473	3897	3913
Operating Profit	551	333	320	978	1254	548	106	213
Interest	77	48	95	433	322	154	181	214
Depreciation	75	56	87	131	137	142	151	174
Exceptional Income / Expenses	-13	0	0	-16	0	-81	0	0
Profit Before Tax	408	193	72	547	796	172	-226	-174
Provision for Tax	159	75	26	137	147	19	-67	-47
Profit After Tax	249	118	46	410	649	152	-158	-127
Adjustments	0	0	0	0	0	0	0	0
Profit After Adjustments	249	118	46	410	649	152	-158	-127
Adjusted Earnings Per Share	15.5	8.8	3.4	30.6	41	9.6	-10	-8.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-21%	1%	26%	0%
Operating Profit CAGR	-81%	-52%	-20%	0%
PAT CAGR	-204%	NAN%	NAN%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	7%	-11%	NA%	NA%
ROE Average	-75%	5%	4%	12%
ROCE Average	-3%	70%	60%	52%

Chemplast Sanmar Balance Sheet

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	545	1862	1913	-384	1671	1824	1666
Minority's Interest	0	0	0	0	0	0	0
Borrowings	170	677	1207	2059	833	964	1136
Other Non-Current Liabilities	297	570	561	813	842	815	744
Total Current Liabilities	1614	692	428	1998	2256	2234	2484
Total Liabilities	2626	3802	4108	4487	5602	5837	6030
Fixed Assets	1016	2108	2174	3148	3259	3186	3907
Other Non-Current Assets	110	158	1491	64	82	505	282
Total Current Assets	1500	1535	443	1255	2261	2146	1841
Total Assets	2626	3802	4108	4487	5602	5837	6030

Chemplast Sanmar Cash Flow

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	62	153	49	92	303	1000	1111
Cash Flow from Operating Activities	445	234	166	1076	901	355	-245
Cash Flow from Investing Activities	-370	-311	-438	2152	108	-217	-524
Cash Flow from Financing Activities	16	-3	298	-3017	-313	-27	382
Net Cash Inflow / Outflow	91	-80	26	211	696	111	-387
Closing Cash & Cash Equivalent	153	49	75	303	1000	1111	724

Chemplast Sanmar Ratios

#	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	15.53	8.84	3.44	30.59	41.02	9.64	-10.02
CEPS(Rs)	20.24	13.04	9.96	40.36	49.7	18.62	-0.45
DPS(Rs)	0	0	0	0	0	0	0
Book NAV/Share(Rs)	34.07	57.73	63.1	-141.69	4.52	16.97	9.84
Core EBITDA Margin(%)	16.41	25.47	24.71	25.31	20.31	9.47	0.66
EBIT Margin(%)	15.21	19.17	13.22	25.81	18.96	6.59	-1.15
Pre Tax Margin(%)	12.79	15.34	5.67	14.4	13.5	3.47	-5.75
PAT Margin (%)	7.79	9.4	3.65	10.8	11.01	3.08	-4.04
Cash Profit Margin (%)	10.16	13.87	10.56	14.25	13.34	5.96	-0.18
ROA(%)	9.46	3.69	1.17	9.54	12.86	2.66	-2.67
ROE(%)	45.6	17.96	5.69	0	0	89.68	-74.76
ROCE(%)	45.3	17.67	8.8	82.4	183.45	28.51	-2.96
Receivable days	6.89	18.39	16.62	5.87	8.17	12.28	15.48
Inventory Days	35.83	74.32	55.18	28.29	34.63	50.02	56.37
Payable days	190.24	538.18	188.7	160.99	176.09	215.35	243.09
PER(x)	0	0	0	0	16.2	36.01	0
Price/Book(x)	0	0	0	0	147.08	20.45	45.37
Dividend Yield(%)	0	0	0	0	0	0	0
EV/Net Sales(x)	0.15	0.72	0.99	0.41	1.73	1.08	2
EV/Core EBITDA(x)	0.81	2.71	3.88	1.6	8.12	9.74	73.67
Net Sales Growth(%)	0	-58.6	0.26	202.05	55.1	-16.14	-20.6
EBIT Growth(%)	0	-50.16	-30.83	486.47	34.42	-70.86	-113.84
PAT Growth(%)	0	-52.34	-61.06	789.07	148.7	-76.51	-203.99
EPS Growth(%)	0	-43.12	-61.06	789.07	34.13	-76.51	-203.99
Debt/Equity(x)	0.96	1.15	1.52	-1.13	12.62	3.88	10.14
Current Ratio(x)	0.93	2.22	1.03	0.63	1	0.96	0.74
Quick Ratio(x)	0.74	1.93	0.61	0.42	0.69	0.67	0.51
Interest Cover(x)	6.28	5.01	1.75	2.26	3.47	2.11	-0.25
Total Debt/Mcap(x)	0	0	0	0	0.09	0.19	0.22

Chemplast Sanmar Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	54.99	54.99	54.99	54.99	54.99	54.99	54.99	54.99	54.99	54.99
FII	8.56	7.62	7.75	7.41	11.46	11.6	11.16	10.83	11.27	13.41
DII	26.98	26.46	26.81	27.81	26.64	26.93	27.51	28.15	28.39	25.74
Public	9.47	10.93	10.45	9.79	6.91	6.48	6.34	6.03	5.35	5.85
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	8.69	8.69	8.69	8.69	8.69	8.69	8.69	8.69	8.69	8.69
FII	1.35	1.2	1.23	1.17	1.81	1.83	1.76	1.71	1.78	2.12
DII	4.27	4.18	4.24	4.4	4.21	4.26	4.35	4.45	4.49	4.07
Public	1.5	1.73	1.65	1.55	1.09	1.02	1	0.95	0.85	0.93
Others	0	0	0	0	0	0	0	0	0	0
Total	15.81	15.81	15.81	15.81	15.81	15.81	15.81	15.81	15.81	15.81

Pros

Cons

Company has a low return on equity of 5% over the last 3 years.
Debtor days have increased from 215.35 to 243.09days.
Stock is trading at 32.9 times its book value.

* 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.