Guj. Alkalies & Chem

₹786.3 4.7 | 0.6%

WEBSITE BSE:530001 NSE : GUJ.ALKALI 06 Sep, 16:03

Market Cap ₹5774 Cr.

Stock P/E -25.8

P/B 0.9

Current Price ₹786.3

Book Value ₹ 861.5

Face Value 10

52W High ₹869.6

Dividend Yield 1.76%

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

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Guj. Alkalies & Chem Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Net Sales	590	604	595	618	697
Other Income	16	8	28	10	60
Total Income	605	612	623	628	757
Total Expenditure	481	450	434	439	404
Operating Profit	124	162	189	189	353
Interest	3	4	4	4	4
Depreciation	28	30	37	31	30
Exceptional Income / Expenses	0	0	0	0	0
Profit Before Tax	92	128	148	154	320
Provision for Tax	5	33	42	42	98
Profit After Tax	87	95	106	112	221
Adjustments	-87	-95	-106	-112	-221
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	11.9	13	14.5	15.3	30.1

Guj. Alkalies & Chem Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1896	1948	1995	2070	2455	3161	2725	2429	3759	4517	3807	2514
Other Income	30	49	46	58	106	61	90	67	46	42	90	106
Total Income	1926	1997	2042	2128	2560	3222	2814	2497	3805	4559	3897	2620
Total Expenditure	1523	1674	1662	1623	1668	2046	2147	2071	2773	3402	3671	1727
Operating Profit	404	323	380	506	892	1176	667	426	1033	1157	226	893
Interest	6	9	10	13	15	21	14	15	6	19	45	16
Depreciation	151	98	107	111	127	140	162	174	198	276	377	128
Exceptional Income / Expenses	-0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	247	215	263	382	750	1015	492	236	829	861	-196	750
Provision for Tax	62	-12	43	74	215	325	159	69	267	285	-64	215
Profit After Tax	185	228	220	308	535	690	333	167	562	576	-132	534
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-534
Profit After Adjustments	185	228	220	308	535	690	333	167	562	576	-132	0
Adjusted Earnings Per Share	25.2	31	29.9	42	72.9	93.9	45.3	22.7	76.5	78.4	-18	72.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-16%	16%	4%	7%
Operating Profit CAGR	-80%	-19%	-28%	-6%
PAT CAGR	-123%	NAN%	NAN%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	6%	20%	13%	14%
ROE Average	-2%	6%	6%	9%
ROCE Average	-2%	8%	8%	12%

Guj. Alkalies & Chem Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	1964	2137	2928	3357	3823	4297	4598	5378	5904	6310	6351
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	152	92	222	284	230	185	137	433	549	459	343
Other Non-Current Liabilities	386	372	396	387	442	543	630	735	794	897	861
Total Current Liabilities	330	388	348	409	478	508	528	611	735	840	745
Total Liabilities	2831	2988	3895	4437	4972	5532	5893	7157	7983	8506	8299
Fixed Assets	1615	1656	1821	2073	2104	2300	2610	2587	2702	4250	4617
Other Non-Current Assets	414	509	1178	1350	1593	1622	1911	3482	4187	2847	2769
Total Current Assets	802	823	896	1013	1275	1610	1372	1089	1094	1410	913
Total Assets	2831	2988	3895	4437	4972	5532	5893	7157	7983	8506	8299

Guj. Alkalies & Chem Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	27	7	86	19	68	71	192	42	355	298	456
Cash Flow from Operating Activities	242	295	201	503	515	838	630	421	735	960	67
Cash Flow from Investing Activities	-167	-212	-352	-468	-395	-583	-635	-332	-805	-661	-90
Cash Flow from Financing Activities	-90	-88	84	13	-116	-136	-146	226	12	-140	-277
Net Cash Inflow / Outflow	-14	-5	-67	49	3	119	-151	315	-59	159	-301
Closing Cash & Cash Equivalent	12	3	19	68	71	192	42	355	298	456	155

Guj. Alkalies & Chem Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	25.2	31.03	29.94	41.95	72.85	93.91	45.32	22.72	76.53	78.39	-18.01
CEPS(Rs)	45.71	44.38	44.57	57.06	90.19	112.97	67.36	46.46	103.46	115.99	33.38
DPS(Rs)	4	4.5	4.5	5	6.5	8	8	8	10	23.55	13.85
Book NAV/Share(Rs)	267.4	290.96	398.72	457.1	520.53	585.08	626.05	732.27	804.02	859.3	864.87
Core EBITDA Margin(%)	17.78	12.6	15.05	19.43	31.29	35.27	21.2	14.74	26.24	24.68	3.57
EBIT Margin(%)	12.04	10.34	12.29	17.14	30.44	32.77	18.56	10.34	22.21	19.5	-3.97
Pre Tax Margin(%)	11.74	9.91	11.84	16.58	29.84	32.11	18.04	9.71	22.05	19.07	-5.15
PAT Margin (%)	8.81	10.48	9.91	13.38	21.28	21.81	12.22	6.87	14.95	12.75	-3.47
Cash Profit Margin (%)	15.98	15	14.76	18.2	26.35	26.24	18.16	14.04	20.21	18.86	6.44
ROA(%)	6.45	7.83	6.39	7.4	11.37	13.13	5.83	2.56	7.42	6.98	-1.57
ROE(%)	9.8	11.11	8.68	9.8	14.9	16.99	7.48	3.35	9.96	9.43	-2.09
ROCE(%)	11.86	10.04	9.88	11.38	19.56	23.93	10.82	4.71	13.49	13.14	-2.19
Receivable days	50.02	51.18	52.01	51.93	53.14	51.4	57.69	49.82	28.72	23.73	22.16
Inventory Days	31.06	32.89	30.52	28.1	31.61	28.69	31.33	34.7	28.11	32.89	41.61
Payable days	69.46	107.92	111.49	113.97	139.76	126.51	123.84	118.1	90.65	102.36	99.5
PER(x)	7.25	5.14	5.51	9.7	9.6	5.26	4.93	15.17	11.71	7.51	0
Price/Book(x)	0.68	0.55	0.41	0.89	1.34	0.84	0.36	0.47	1.11	0.68	0.78
Dividend Yield(%)	2.19	2.82	2.73	1.23	0.93	1.62	3.58	2.32	1.12	4	2.06
EV/Net Sales(x)	0.82	0.59	0.73	1.55	2.16	1.14	0.66	1.1	1.83	0.98	1.4
EV/Core EBITDA(x)	3.83	3.55	3.83	6.35	5.93	3.06	2.7	6.27	6.66	3.83	23.55
Net Sales Growth(%)	4.49	2.75	2.43	3.75	18.56	28.8	-13.82	-10.83	54.71	20.16	-15.72
EBIT Growth(%)	-26.73	-11.11	21.27	44.75	93.89	35.4	-51.19	-50.31	232.23	5.5	-117.18
PAT Growth(%)	-21.38	23.15	-3.5	40.11	73.65	28.9	-51.74	-49.87	236.82	2.44	-122.97
EPS Growth(%)	-21.38	23.15	-3.5	40.11	73.65	28.9	-51.74	-49.87	236.82	2.44	-122.97
Debt/Equity(x)	0.11	0.07	0.1	0.11	0.08	0.06	0.04	0.09	0.1	0.09	0.09
Current Ratio(x)	2.43	2.12	2.57	2.48	2.67	3.17	2.6	1.78	1.49	1.68	1.23
Quick Ratio(x)	1.81	1.64	2.04	2.06	2.11	2.71	2.15	1.41	1.01	1.13	0.68
Interest Cover(x)	39.78	24.08	27.46	30.75	51.36	49.47	36.01	16.25	135.82	45.25	-3.4
Total Debt/Mcap(x)	0.16	0.14	0.24	0.12	0.06	0.07	0.12	0.2	0.09	0.14	0.11

Guj. Alkalies & Chem Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28
FII	1.82	2.05	1.98	2.07	2.07	1.99	1.88	2.07	2.1	1.92
DII	1.68	1.63	1.47	1.46	1.51	1.51	1.96	2.17	3.14	3.46
Public	50.22	50.04	50.27	50.19	50.14	50.22	49.88	49.48	48.48	48.34
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4
FII	0.13	0.15	0.15	0.15	0.15	0.15	0.14	0.15	0.15	0.14
DII	0.12	0.12	0.11	0.11	0.11	0.11	0.14	0.16	0.23	0.25
Public	3.69	3.67	3.69	3.69	3.68	3.69	3.66	3.63	3.56	3.55
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

Stock is trading at 0.9 times its book value
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 6% 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.