Heubach Colorants(I)

₹380.2 -3 | 0.8%

WEBSITE BSE:506390 NSE : HEUBACHIND 10 May, 16:01

Market Cap ₹877 Cr.

Stock P/E 20.9

P/B 1.9

Current Price ₹380.2

Book Value ₹ 202.2

Face Value 10

52W High ₹654

Dividend Yield 0%

52W Low ₹ 300.9

Edit Ratio

Heubach Colorants(I) Research see more...

Overview Inc. Year: 1956Industry: Chemicals

Clariant Chemicals (India) Ltd is an India-based corporation, that is basically engaged in the business of producing and selling speciality chemical substances. The Company’s segments consist of Plastics and Coating and Specialty Chemicals. The Plastics and Coating phase includes pigments, pigment preparations, components and masterbatches. The Specialty Chemicals consists of dyestuff, synthetic resins, practical consequences and coating, auxiliaries, and chemical compounds. The Company’s products and solutions are utilized in diverse sectors, which incorporates agriculture, infrastructure, domestic and private care, packaging, consumer goods, fibers, textile, waste management, oil and gas, food, beverage and fit to be eaten oil, mining, electronics, transportation and healthcare. The Company has production units at numerous locations in India, spread throughout Roha in Maharashtra; Cuddalore in Tamil Nadu; Nandesari in Gujarat; Nagda in Madhya Pradesh; Bonthapally in Telangana and Edayar in Kerala.

Heubach Colorants(I) Share Price

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Peer Comparison

Heubach Colorants(I) Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	213	195	222	210	220	188	178	209	200	176
Other Income	7	1	0	1	3	2	1	0	2	1
Total Income	219	195	222	211	223	190	179	210	202	177
Total Expenditure	195	184	205	194	203	174	165	183	178	162
Operating Profit	25	11	17	18	20	16	14	26	24	15
Interest	0	0	0	0	0	0	0	0	1	1
Depreciation	5	5	5	5	5	5	5	5	6	6
Exceptional Income / Expenses	0	0	0	0	0	-6	0	0	0	0
Profit Before Tax	20	6	11	12	15	4	9	21	17	9
Provision for Tax	5	2	3	-4	4	12	2	5	5	2
Profit After Tax	14	4	8	16	11	-8	7	16	13	6
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	14	4	8	16	11	-8	7	16	13	6
Adjusted Earnings Per Share	6.2	1.9	3.7	7	4.7	-3.3	2.9	6.9	5.6	2.8

Heubach Colorants(I) Profit & Loss

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1096	1248	1046	1140	981	1014	1029	1093	731	840	766	763
Other Income	19	18	14	60	9	28	11	18	15	9	5	4
Total Income	1115	1266	1060	1200	990	1041	1039	1111	746	848	772	768
Total Expenditure	959	1127	1021	1076	914	970	979	998	649	778	705	688
Operating Profit	156	139	38	124	76	72	60	114	97	70	67	79
Interest	1	2	1	1	0	1	1	4	3	0	0	2
Depreciation	22	23	33	50	39	38	29	39	36	20	20	22
Exceptional Income / Expenses	9	112	1184	0	0	0	0	0	255	0	-6	0
Profit Before Tax	142	226	1187	74	36	33	30	71	313	49	40	56
Provision for Tax	41	59	244	14	12	12	12	20	94	6	21	14
Profit After Tax	101	167	943	59	24	22	19	51	219	43	19	42
Adjustments	0	0	0	0	0	0	0	0	1	0	0	0
Profit After Adjustments	101	167	943	59	24	22	19	51	220	43	19	42
Adjusted Earnings Per Share	38	62.6	353.8	25.7	10.6	9.4	8	22	94.7	18.8	8.3	18.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-9%	-11%	-5%	-4%
Operating Profit CAGR	-4%	-16%	-1%	-8%
PAT CAGR	-56%	-28%	-3%	-15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	21%	-7%	4%	-6%
ROE Average	5%	19%	13%	21%
ROCE Average	10%	27%	20%	28%

Heubach Colorants(I) Balance Sheet

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	502	574	1396	669	673	625	616	651	407	414	432
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	34	33	35	28	27	33	28	40	13	13	13
Total Current Liabilities	286	304	412	204	233	235	250	252	228	209	216
Total Liabilities	821	912	1842	902	933	893	895	943	649	636	662
Fixed Assets	174	166	335	365	343	323	309	227	150	150	146
Other Non-Current Assets	50	78	95	87	80	99	110	84	74	80	69
Total Current Assets	597	667	1413	450	510	470	476	632	425	406	447
Total Assets	821	912	1842	902	933	893	895	943	649	636	662

Heubach Colorants(I) Cash Flow

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	28	14	23	1011	29	24	20	28	26	24	7
Cash Flow from Operating Activities	77	-32	-60	-148	82	-1	29	101	57	13	36
Cash Flow from Investing Activities	34	127	1224	-35	-50	67	7	-78	415	5	-9
Cash Flow from Financing Activities	-125	-87	-175	-799	-29	-70	-28	-25	-474	-35	-0
Net Cash Inflow / Outflow	-14	8	989	-983	3	-4	8	-2	-2	-17	27
Closing Cash & Cash Equivalent	14	23	1011	29	32	20	28	26	24	7	34

Heubach Colorants(I) Ratios

#	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	38	62.55	353.82	25.72	10.61	9.36	8.04	21.97	94.74	18.77	8.31
CEPS(Rs)	46.1	71.35	366.29	47.41	27.71	25.7	20.67	38.97	110.32	27.58	17.15
DPS(Rs)	27.5	30	39	150	25	5	10	11	205	0	0
Book NAV/Share(Rs)	188.11	215.43	523.62	290.02	291.54	270.61	267.06	282.22	176.42	179.3	187.34
Core EBITDA Margin(%)	11.7	9.12	2.19	5.24	6.33	4.28	4.8	8.75	11.2	7.34	8.02
EBIT Margin(%)	12.27	17.18	106.09	6.06	3.47	3.31	2.99	6.81	43.17	5.95	5.24
Pre Tax Margin(%)	12.15	17.04	105.99	6	3.42	3.25	2.93	6.46	42.81	5.9	5.21
PAT Margin (%)	8.65	12.59	84.2	4.83	2.31	2.1	1.8	4.64	29.92	5.16	2.5
Cash Profit Margin (%)	10.5	14.36	87.17	8.91	6.04	5.77	4.64	8.23	34.85	7.58	5.16
ROA(%)	12.51	19.25	68.51	4.33	2.67	2.37	2.08	5.52	27.46	6.74	2.96
ROE(%)	20.53	31	95.75	5.75	3.65	3.33	2.99	8	41.31	10.55	4.53
ROCE(%)	29.13	42.31	120.07	7.17	5.48	5.24	4.96	11.75	59.6	12.17	9.5
Receivable days	44.02	43.75	53.73	50.09	60.2	62.24	63.75	54.99	79.34	73.5	91.93
Inventory Days	43.31	42.43	50.33	45.38	51.28	57.41	62.35	51.61	65.04	61.82	66.43
Payable days	93.76	82.15	80.96	74.1	96.09	98.82	157.27	129.76	135.96	122.54	136.2
PER(x)	16.83	9.89	2.45	23.12	67.65	56.9	45.15	10.39	3.92	24.29	32.01
Price/Book(x)	3.4	2.87	1.65	2.05	2.46	1.97	1.36	0.81	2.11	2.54	1.42
Dividend Yield(%)	4.3	4.85	4.5	25.22	3.48	0.94	2.76	4.82	55.16	0	0
EV/Net Sales(x)	1.54	1.3	1.25	1.18	1.66	1.19	0.78	0.45	1.13	1.24	0.75
EV/Core EBITDA(x)	10.83	11.72	34.25	10.8	21.31	16.75	13.39	4.35	8.54	14.8	8.6
Net Sales Growth(%)	11.99	13.83	-16.18	8.98	-13.95	3.32	1.51	6.28	-33.16	14.88	-8.71
EBIT Growth(%)	-63.76	58.34	422.26	-93.74	-50.61	-7.45	-9.55	142.05	323.65	-84.16	-19.56
PAT Growth(%)	-66.68	64.63	465.64	-93.71	-58.77	-11.76	-14.09	173.25	331.25	-80.19	-55.73
EPS Growth(%)	-66.68	64.63	465.64	-92.73	-58.77	-11.76	-14.09	173.25	331.25	-80.19	-55.73
Debt/Equity(x)	0	0	0.01	0	0	0	0	0	0	0	0
Current Ratio(x)	2.09	2.19	3.43	2.2	2.19	2	1.9	2.51	1.86	1.94	2.07
Quick Ratio(x)	1.52	1.72	3.04	1.51	1.52	1.29	1.17	2.01	1.27	1.23	1.47
Interest Cover(x)	101.56	126.47	1053.67	102.6	79.41	56.91	49.35	19.42	121.49	105.49	174.92
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Heubach Colorants(I) Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	51	54.37	54.37	54.37	54.37	54.37	54.37	54.37	54.37	54.37
FII	0.72	0.46	0.62	0.39	0.39	0.34	0.29	0.28	0.31	0.34
DII	3.07	3.07	3.07	3.07	2.51	1.99	1.96	0.49	1.28	1.92
Public	45.2	42.1	41.94	42.17	42.73	43.31	43.38	44.86	44.04	43.37
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	1.18	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25
FII	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0.07	0.07	0.07	0.07	0.06	0.05	0.05	0.01	0.03	0.04
Public	1.04	0.97	0.97	0.97	0.99	1	1	1.04	1.02	1
Others	0	0	0	0	0	0	0	0	0	0
Total	2.31	2.31	2.31	2.31	2.31	2.31	2.31	2.31	2.31	2.31

Pros

Company is almost debt free.

Cons

Debtor days have increased from 122.54 to 136.2days.
The company has delivered a poor profit growth of -2% 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.