Chemplast Sanmar

₹456 -2.1 | 0.5%

WEBSITE BSE:543336 NSE : CHEMPLASTS 10 May, 16:01

Market Cap ₹7210 Cr.

Stock P/E -88.8

P/B 41

Current Price ₹456

Book Value ₹ 11.1

Face Value 5

52W High ₹542.9

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.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	1673	1452	1807	1411	1194	1189	1147	996	988	888
Other Income	22	13	9	16	17	17	31	18	37	13
Total Income	1695	1465	1816	1427	1211	1205	1178	1014	1025	901
Total Expenditure	1327	1099	1460	1217	1096	1110	1049	1031	942	895
Operating Profit	368	366	355	210	115	95	128	-17	83	6
Interest	149	37	35	36	40	39	38	44	39	47
Depreciation	33	33	40	41	33	35	33	32	35	38
Exceptional Income / Expenses	0	0	0	-81	0	0	0	0	0	0
Profit Before Tax	186	295	280	53	42	21	56	-93	9	-78
Provision for Tax	35	59	48	12	3	-7	10	-29	-17	11
Profit After Tax	151	237	232	41	39	27	46	-64	26	-89
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	151	237	232	41	39	27	46	-64	26	-89
Adjusted Earnings Per Share	9.6	15	14.6	2.6	2.4	1.7	2.9	-4	1.6	-5.7

Chemplast Sanmar Profit & Loss

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3030	1254	1258	3799	5892	4941	4019
Other Income	27	12	8	16	57	80	99
Total Income	3057	1267	1266	3815	5949	5021	4118
Total Expenditure	2506	933	945	2837	4695	4473	3917
Operating Profit	551	333	320	978	1254	548	200
Interest	77	48	95	433	322	154	168
Depreciation	75	56	87	131	137	142	138
Exceptional Income / Expenses	-13	0	0	-16	0	-81	0
Profit Before Tax	385	229	137	398	796	172	-106
Provision for Tax	159	75	26	137	147	19	-25
Profit After Tax	226	154	112	261	649	152	-81
Adjustments	22	-35	-66	149	0	0	0
Profit After Adjustments	249	118	46	410	649	152	-81
Adjusted Earnings Per Share	15.5	8.8	3.4	30.6	41	9.6	-5.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-16%	58%	10%	0%
Operating Profit CAGR	-56%	20%	-0%	0%
PAT CAGR	-77%	11%	-8%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-1%	NA%	NA%	NA%
ROE Average	90%	30%	25%	28%
ROCE Average	29%	94%	63%	60%

Chemplast Sanmar Balance Sheet

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	545	1862	1913	-384	1671	1824
Minority's Interest	0	0	0	0	0	0
Borrowings	170	677	1207	2059	833	964
Other Non-Current Liabilities	297	570	561	813	842	815
Total Current Liabilities	1614	692	428	1998	2256	2234
Total Liabilities	2626	3802	4108	4487	5602	5837
Fixed Assets	1016	2108	2174	3148	3259	3186
Other Non-Current Assets	110	158	1491	64	82	505
Total Current Assets	1500	1535	443	1275	2261	2146
Total Assets	2626	3802	4108	4487	5602	5837

Chemplast Sanmar Cash Flow

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

Chemplast Sanmar Ratios

#	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	15.53	8.84	3.44	30.59	41.02	9.64
CEPS(Rs)	18.85	15.68	14.85	29.23	49.7	18.62
DPS(Rs)	0	0	0	0	0	0
Book NAV/Share(Rs)	34.07	57.73	63.1	-141.69	4.52	16.97
Core EBITDA Margin(%)	16.41	25.47	24.71	25.31	20.31	9.47
EBIT Margin(%)	14.51	21.98	18.42	21.88	18.96	6.59
Pre Tax Margin(%)	12.09	18.15	10.87	10.47	13.5	3.47
PAT Margin (%)	7.09	12.21	8.84	6.87	11.01	3.08
Cash Profit Margin (%)	9.46	16.68	15.75	10.32	13.34	5.96
ROA(%)	8.61	4.79	2.83	6.07	12.86	2.66
ROE(%)	41.5	23.33	13.8	0	0	89.68
ROCE(%)	43.22	20.26	12.26	69.85	183.45	28.51
Receivable days	6.89	18.39	16.62	5.87	8.17	12.28
Inventory Days	35.83	74.32	55.18	28.29	34.63	50.02
Payable days	190.24	538.18	188.7	160.99	176.09	215.35
PER(x)	0	0	0	0	16.2	36.01
Price/Book(x)	0	0	0	0	147.08	20.45
Dividend Yield(%)	0	0	0	0	0	0
EV/Net Sales(x)	0.15	0.72	0.99	0.41	1.73	1.08
EV/Core EBITDA(x)	0.81	2.71	3.88	1.6	8.12	9.74
Net Sales Growth(%)	0	-58.6	0.26	202.05	55.1	-16.14
EBIT Growth(%)	0	-40.1	-15.98	256.97	34.42	-70.86
PAT Growth(%)	0	-31.98	-27.36	133.34	148.7	-76.51
EPS Growth(%)	0	-43.12	-61.06	789.07	34.13	-76.51
Debt/Equity(x)	0.96	1.15	1.52	-1.13	12.62	3.88
Current Ratio(x)	0.93	2.22	1.03	0.64	1	0.96
Quick Ratio(x)	0.74	1.93	0.61	0.43	0.69	0.67
Interest Cover(x)	5.99	5.74	2.44	1.92	3.47	2.11
Total Debt/Mcap(x)	0	0	0	0	0.09	0.19

Chemplast Sanmar Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	54.99	54.99	54.99	54.99	54.99	54.99	54.99	54.99	54.99	54.99
FII	7.51	7.88	8.56	7.62	7.75	7.41	11.46	11.6	11.16	10.83
DII	28.08	27.63	26.98	26.46	26.81	27.81	26.64	26.93	27.51	28.15
Public	9.42	9.5	9.47	10.93	10.45	9.79	6.91	6.48	6.34	6.03
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	8.69	8.69	8.69	8.69	8.69	8.69	8.69	8.69	8.69	8.69
FII	1.19	1.25	1.35	1.2	1.23	1.17	1.81	1.83	1.76	1.71
DII	4.44	4.37	4.27	4.18	4.24	4.4	4.21	4.26	4.35	4.45
Public	1.49	1.5	1.5	1.73	1.65	1.55	1.09	1.02	1	0.95
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

Company has a good return on equity (ROE) track record: 3 Years ROE 30%

Cons

Debtor days have increased from 176.09 to 215.35days.
Stock is trading at 41 times its book value.
The company has delivered a poor profit growth of -7% over past five 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.