Chembond Chemicals

₹586.8 -6.9 | 1.2%

WEBSITE BSE:530871 NSE : CHEMBOND CHM 18 May, 12:50

Market Cap ₹789 Cr.

Stock P/E 16.5

P/B 2.2

Current Price ₹586.8

Book Value ₹ 264.9

Face Value 5

52W High ₹638

Dividend Yield 0.51%

52W Low ₹ 308

Edit Ratio

Chembond Chemicals Research see more...

Overview Inc. Year: 1975Industry: Chemicals

Chembond Chemicals Ltd is a publicly listed company based in Mumbai, India, that specializes in providing solutions in the fields of water treatment, industrial processes, and construction chemicals. The company was founded in 1975 and has since grown into a diversified business with a presence in over 40 countries. Chembond's products and services include chemicals for boiler and cooling water treatment, process chemicals, specialty polymers, and concrete admixtures. The company also offers technical services, such as laboratory testing, on-site support, and training. Chembond's customers come from a range of industries, including power, oil and gas, food and beverage, and construction. With a focus on innovation and sustainability, Chembond Chemicals is committed to delivering high-quality products and services that meet the evolving needs of its customers.

Chembond Chemicals Share Price

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Peer Comparison

Chembond Chemicals Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	84	93	94	98	110	111	122	114	112	115
Other Income	3	1	1	0	1	1	2	3	9	4
Total Income	87	94	95	98	111	112	124	117	121	118
Total Expenditure	80	89	91	97	101	99	109	105	97	100
Operating Profit	7	5	4	1	10	13	15	12	24	18
Interest	0	0	0	0	0	0	1	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	6	4	3	0	9	11	13	11	22	16
Provision for Tax	1	2	1	2	1	3	3	2	7	3
Profit After Tax	5	2	2	-1	8	8	10	9	15	13
Adjustments	-0	0	-0	-0	-0	-0	0	-0	0	0
Profit After Adjustments	5	2	2	-1	8	8	10	9	15	13
Adjusted Earnings Per Share	3.5	1.8	1.6	-1	5.7	6.1	7.6	6.5	11.5	10

Chembond Chemicals Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	262	274	300	271	291	327	301	268	274	349	440	463
Other Income	5	1	2	33	18	11	4	3	15	9	5	18
Total Income	267	276	302	305	309	338	306	271	290	357	445	480
Total Expenditure	245	254	274	260	274	305	276	258	256	332	405	411
Operating Profit	23	22	28	44	35	33	29	13	34	26	39	69
Interest	5	4	4	2	1	1	1	1	0	1	1	1
Depreciation	3	3	4	4	4	4	4	4	5	4	5	4
Exceptional Income / Expenses	0	0	0	156	0	0	0	0	0	0	0	0
Profit Before Tax	16	15	20	195	30	28	24	8	29	21	34	62
Provision for Tax	8	6	6	38	7	4	5	5	8	7	9	15
Profit After Tax	8	9	14	156	23	24	20	3	20	14	25	47
Adjustments	-1	-1	-2	-3	-4	-2	-3	-1	-0	-0	-0	0
Profit After Adjustments	7	8	12	154	19	22	17	2	20	14	25	47
Adjusted Earnings Per Share	5.3	5.8	9.3	114.7	14.4	16.3	12.9	1.4	15.1	10.4	18.4	35.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	26%	18%	6%	5%
Operating Profit CAGR	50%	44%	3%	5%
PAT CAGR	79%	103%	1%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	83%	43%	14%	23%
ROE Average	8%	7%	6%	17%
ROCE Average	11%	9%	8%	22%

Chembond Chemicals Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	81	86	95	206	230	248	261	269	293	304	322
Minority's Interest	10	13	13	14	17	2	4	5	1	1	1
Borrowings	9	10	2	1	0	0	1	1	1	1	1
Other Non-Current Liabilities	5	4	5	3	6	3	-0	-0	-1	-1	-2
Total Current Liabilities	78	92	89	64	66	72	55	46	58	54	77
Total Liabilities	183	205	203	289	321	325	321	321	352	359	399
Fixed Assets	47	54	51	47	49	108	109	124	122	121	116
Other Non-Current Assets	9	7	10	71	76	64	42	34	47	45	72
Total Current Assets	127	144	141	170	196	153	169	162	183	194	209
Total Assets	183	205	203	289	321	325	321	321	352	359	399

Chembond Chemicals Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	21	13	13	16	13	14	18	13	14	25	9
Cash Flow from Operating Activities	7	10	24	-27	5	-12	-12	24	25	-10	2
Cash Flow from Investing Activities	-7	-6	-3	52	-0	19	14	-12	-11	-2	0
Cash Flow from Financing Activities	-8	-4	-18	-24	-3	-4	-6	-11	-2	-4	-2
Net Cash Inflow / Outflow	-8	-0	3	1	2	3	-5	1	12	-16	0
Closing Cash & Cash Equivalent	13	13	16	17	14	18	13	14	25	9	9

Chembond Chemicals Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	5.32	5.83	9.29	114.72	14.37	16.34	12.88	1.39	15.13	10.35	18.36
CEPS(Rs)	7.72	9.02	13.95	119.47	19.83	20.58	17.9	5.53	18.56	13.73	21.77
DPS(Rs)	1.43	1.5	1.5	4.5	1.65	1.85	2	2	2.25	5	3
Book NAV/Share(Rs)	60.65	64.24	71.37	154	171.09	184.67	194.41	199.79	218.02	226.02	239.34
Core EBITDA Margin(%)	5.86	6.66	7.67	3.58	5.27	6.75	8.28	3.73	6.62	4.9	7.85
EBIT Margin(%)	6.64	6.15	6.92	63.88	9.78	8.7	8.36	3.24	10.55	6.08	7.88
Pre Tax Margin(%)	5.15	4.86	5.87	63.29	9.42	8.35	8.1	2.94	10.4	5.89	7.64
PAT Margin (%)	2.54	2.94	4.17	50.83	7.12	7.05	6.58	1.15	7.44	4.01	5.62
Cash Profit Margin (%)	3.4	3.84	5.43	51.98	8.31	8.28	7.99	2.77	9.1	5.29	6.65
ROA(%)	4.29	4.74	6.98	63.62	7.5	7.3	6.14	0.96	6.07	3.94	6.54
ROE(%)	10.12	11.07	15.79	103.85	10.48	9.85	7.78	1.16	7.26	4.68	7.92
ROCE(%)	18.29	16.77	19.8	116.49	13.76	11.72	9.58	3.21	10.21	7.07	10.94
Receivable days	81.27	92.5	92.15	85.2	71.05	80.82	103.93	117.94	110.35	90.56	84.87
Inventory Days	38.87	39.41	34.8	31.63	28.94	28.7	29.83	35.43	37.68	33.08	28.23
Payable days	94.93	112.73	109.3	99.94	92.12	90.42	101.59	98.67	107.38	79.96	70.61
PER(x)	13.73	11.42	18.4	1.82	12.78	18.76	24.82	105.8	12.55	17.29	13.79
Price/Book(x)	1.2	1.04	2.4	1.35	1.07	1.66	1.64	0.74	0.87	0.79	1.06
Dividend Yield(%)	1.95	2.26	0.88	2.16	0.9	0.6	0.63	1.36	1.18	2.79	1.18
EV/Net Sales(x)	0.43	0.4	0.79	1.01	0.83	1.23	1.41	0.7	0.84	0.64	0.74
EV/Core EBITDA(x)	5.01	4.95	8.45	6.15	6.86	12.17	14.4	14.44	6.92	8.67	8.35
Net Sales Growth(%)	14.82	4.63	9.39	-9.72	7.28	12.61	-7.99	-11.04	2.39	27.12	26.14
EBIT Growth(%)	-16.96	-4.35	23.26	730.12	-84.04	-7.32	-13.4	-65.56	233.73	-26.68	63.51
PAT Growth(%)	-44.37	19.65	54.89	997.38	-85.39	3.11	-15.83	-84.45	561.55	-31.47	77.12
EPS Growth(%)	-46.01	9.53	59.53	1134.51	-87.47	13.67	-21.16	-89.19	986.25	-31.57	77.39
Debt/Equity(x)	0.36	0.39	0.26	0.05	0.04	0.04	0.03	0.01	0.01	0.01	0.02
Current Ratio(x)	1.62	1.56	1.6	2.65	2.94	2.13	3.08	3.5	3.17	3.59	2.72
Quick Ratio(x)	1.2	1.19	1.25	2.3	2.52	1.79	2.63	2.91	2.66	2.96	2.28
Interest Cover(x)	4.45	4.77	6.56	108.43	26.9	24.6	32.21	11.08	68.62	30.8	33.33
Total Debt/Mcap(x)	0.3	0.37	0.11	0.04	0.04	0.02	0.02	0.02	0.01	0.01	0.02

Chembond Chemicals Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	66.05	66.28	66.28	67.49	67.55	67.55	67.54	67.54	67.55	67.55
FII	0.56	0.69	0.57	0.57	0.57	0.58	0.57	0.59	1.1	0.94
DII	0.83	0.83	0.83	0.83	0.83	0.69	0.69	0.69	0.99	1.19
Public	32.56	32.2	32.32	31.11	31.05	31.18	31.2	31.18	30.36	30.32
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.89	0.89	0.89	0.91	0.91	0.91	0.91	0.91	0.91	0.91
FII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02
Public	0.44	0.43	0.43	0.42	0.42	0.42	0.42	0.42	0.41	0.41
Others	0	0	0	0	0	0	0	0	0	0
Total	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34	1.34

Pros

Debtor days have improved from 79.96 to 70.61days.
Company is almost debt free.

Cons

Company has a low return on equity of 7% 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.