Guj. Alkalies & Chem

₹813.1 -10.3 | 1.3%

WEBSITE BSE:530001 NSE : GUJ.ALKALI 18 Oct, 10:50

Market Cap ₹5971 Cr.

Stock P/E -26.6

P/B 1

Current Price ₹813.1

Book Value ₹ 824

Face Value 10

52W High ₹900

Dividend Yield 1.7%

52W Low ₹ 645

Edit Ratio

Guj. Alkalies & Chem Research see more...

Equity Research: Gujarat Alkalies & Chemicals

Overview Inc. Year: 1973Industry: Chemicals

Gujarat Alkalies and Chemicals Ltd is a chemical production organisation. The Company is engaged in production of various chemical merchandise, together with Caustic Soda Lye, Caustic Soda Flakes, Caustic Soda Prills, Chloromethanes, Caustic Potash Flakes, Potassium Hydroxide, Potassium Carbonate, Chlorine Gas/Liquid, Hydrochloric Acid, Phosphoric Acid, Hydrogen Peroxide, Aluminium Chloride, Poly Aluminum Chloride, Chlorinated Paraffin Wax, Sodium Chlorate and Anhydrous Aluminium Chloride. Its products are used by numerous industries, which incorporates textiles, pulp and paper, soaps and detergents, alumina, water treatment, petroleum, plastics, pharmaceuticals, agrochemicals, plant safety, refrigeration gases and epoxy. The Company exports its products to Europe, West Asia, South East Asia, Africa, Middle East/ Far East and South Asian Association for Regional Co-operation (SAARC) international locations. It has an manufacturing ability of 4,12,500 million tons/annum (MTPA) of Caustic Soda.

Guj. Alkalies & Chem Share Price

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Peer Comparison

Guj. Alkalies & Chem Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	1141	1128	1127	1123	1138	913	971	921	1002	977
Other Income	7	6	22	6	8	12	71	5	3	3
Total Income	1148	1134	1149	1129	1146	925	1042	926	1004	981
Total Expenditure	791	747	901	858	896	858	926	914	973	904
Operating Profit	357	388	248	271	251	67	116	12	31	77
Interest	1	2	3	8	8	11	11	11	12	11
Depreciation	52	50	60	79	88	89	95	96	97	97
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	304	336	186	184	155	-33	10	-95	-77	-30
Provision for Tax	82	114	58	70	44	0	-0	-7	-56	-6
Profit After Tax	222	222	128	114	112	-33	10	-88	-21	-25
Adjustments	-1	-31	-67	-27	-41	-24	-29	-27	-25	-20
Profit After Adjustments	221	191	61	87	71	-57	-18	-115	-46	-45
Adjusted Earnings Per Share	30	26	8.2	11.9	9.7	-7.8	-2.5	-15.7	-6.3	-6.1

Guj. Alkalies & Chem Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1995	2070	2455	3161	2725	2429	3759	4517	3807	3871
Other Income	46	58	106	61	90	67	46	42	90	82
Total Income	2042	2128	2560	3222	2814	2497	3805	4559	3897	3953
Total Expenditure	1662	1623	1668	2046	2147	2071	2773	3402	3671	3717
Operating Profit	380	506	892	1176	667	426	1033	1157	226	236
Interest	10	13	15	21	14	15	6	19	45	45
Depreciation	107	111	127	140	162	174	198	276	377	385
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	262	381	749	1016	491	235	826	695	-300	-192
Provision for Tax	43	73	215	326	159	69	267	285	-64	-69
Profit After Tax	220	307	534	690	332	166	560	410	-237	-124
Adjustments	0	0	0	0	0	0	0	0	0	-101
Profit After Adjustments	220	307	534	690	332	166	560	410	-237	-224
Adjusted Earnings Per Share	29.9	41.8	72.8	94	45.2	22.6	76.2	55.8	-32.3	-30.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-16%	16%	4%	0%
Operating Profit CAGR	-80%	-19%	-28%	0%
PAT CAGR	-158%	NAN%	NAN%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	3%	-0%	13%	16%
ROE Average	-4%	4%	5%	8%
ROCE Average	-4%	7%	7%	11%

Guj. Alkalies & Chem Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	2928	3356	3821	4296	4596	5375	5899	6139	6076
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	222	284	230	185	137	433	549	459	343
Other Non-Current Liabilities	396	387	441	543	630	735	794	897	861
Total Current Liabilities	348	409	478	508	528	611	735	840	745
Total Liabilities	3894	4435	4970	5531	5891	7154	7977	8335	8023
Fixed Assets	1821	2073	2104	2300	2610	2587	2702	4250	4617
Other Non-Current Assets	1177	1349	1591	1621	1909	3479	4182	2675	2493
Total Current Assets	896	1013	1275	1610	1372	1089	1094	1410	913
Total Assets	3894	4435	4970	5531	5891	7154	7977	8335	8023

Guj. Alkalies & Chem Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	86	19	68	71	192	42	355	298	456
Cash Flow from Operating Activities	201	502	514	838	630	421	735	960	67
Cash Flow from Investing Activities	-352	-467	-395	-583	-635	-332	-805	-661	-90
Cash Flow from Financing Activities	84	13	-116	-136	-146	226	12	-140	-277
Net Cash Inflow / Outflow	-67	49	3	119	-151	315	-59	159	-301
Closing Cash & Cash Equivalent	19	68	71	192	42	355	298	456	155

Guj. Alkalies & Chem Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	29.9	41.85	72.78	93.98	45.22	22.57	76.22	55.78	-32.25
CEPS(Rs)	44.53	56.95	90.12	113.04	67.26	46.31	103.16	93.37	19.14
DPS(Rs)	4.5	5	6.5	8	8	8	10	23.55	13.85
Book NAV/Share(Rs)	398.68	456.95	520.31	584.93	625.8	731.87	803.32	835.99	827.31
Core EBITDA Margin(%)	15.05	19.43	31.29	35.27	21.2	14.74	26.24	24.68	3.57
EBIT Margin(%)	12.28	17.09	30.4	32.81	18.53	10.3	22.15	15.82	-6.72
Pre Tax Margin(%)	11.83	16.53	29.81	32.15	18.02	9.66	21.99	15.39	-7.89
PAT Margin (%)	9.9	13.35	21.26	21.83	12.19	6.82	14.89	9.07	-6.22
Cash Profit Margin (%)	14.74	18.16	26.33	26.26	18.13	14	20.15	15.18	3.69
ROA(%)	5.64	7.38	11.37	13.14	5.82	2.54	7.4	5.02	-2.9
ROE(%)	7.5	9.78	14.9	17.01	7.47	3.32	9.93	6.81	-3.88
ROCE(%)	8.45	11.35	19.55	23.97	10.81	4.69	13.47	10.8	-3.83
Receivable days	53.71	51.93	53.14	51.4	57.69	49.82	28.72	23.73	22.16
Inventory Days	30.38	28.1	31.61	28.69	31.33	34.7	28.11	32.89	41.61
Payable days	99.22	113.97	139.76	126.51	123.84	118.1	90.65	102.36	99.5
PER(x)	5.52	9.72	9.61	5.25	4.94	15.27	11.75	10.55	0
Price/Book(x)	0.41	0.89	1.34	0.84	0.36	0.47	1.12	0.7	0.81
Dividend Yield(%)	2.73	1.23	0.93	1.62	3.58	2.32	1.12	4	2.06
EV/Net Sales(x)	0.73	1.55	2.16	1.14	0.66	1.1	1.83	0.98	1.4
EV/Core EBITDA(x)	3.83	6.35	5.93	3.06	2.7	6.27	6.66	3.83	23.55
Net Sales Growth(%)	0	3.75	18.56	28.8	-13.82	-10.83	54.71	20.16	-15.72
EBIT Growth(%)	0	44.45	94.28	35.7	-51.32	-50.46	232.82	-14.17	-135.81
PAT Growth(%)	0	39.93	73.93	29.13	-51.88	-50.09	237.74	-26.82	-157.82
EPS Growth(%)	0	39.93	73.93	29.13	-51.88	-50.09	237.74	-26.82	-157.82
Debt/Equity(x)	0.1	0.11	0.08	0.06	0.04	0.09	0.1	0.1	0.09
Current Ratio(x)	2.57	2.48	2.67	3.17	2.6	1.78	1.49	1.68	1.23
Quick Ratio(x)	2.04	2.06	2.11	2.71	2.15	1.41	1.01	1.13	0.68
Interest Cover(x)	27.44	30.66	51.31	49.53	35.96	16.18	135.46	36.72	-5.74
Total Debt/Mcap(x)	0.24	0.12	0.06	0.07	0.12	0.2	0.09	0.14	0.11

Guj. Alkalies & Chem Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28
FII	2.05	1.98	2.07	2.07	1.99	1.88	2.07	2.1	1.92	1.94
DII	1.63	1.47	1.46	1.51	1.51	1.96	2.17	3.14	3.46	3.76
Public	50.04	50.27	50.19	50.14	50.22	49.88	49.48	48.48	48.34	48.02
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	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4
FII	0.15	0.15	0.15	0.15	0.15	0.14	0.15	0.15	0.14	0.14
DII	0.12	0.11	0.11	0.11	0.11	0.14	0.16	0.23	0.25	0.28
Public	3.67	3.69	3.69	3.68	3.69	3.66	3.63	3.56	3.55	3.53
Others	0	0	0	0	0	0	0	0	0	0
Total	7.34	7.34	7.34	7.34	7.34	7.34	7.34	7.34	7.34	7.34

Pros

Debtor days have improved from 102.36 to 99.5days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 46.28%.
Company has a low return on equity of 4% over the 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.