Guj. Alkalies & Chem

₹776 1.5 | 0.2%

WEBSITE BSE:530001 NSE : GUJ.ALKALI 10 May, 16:00

Market Cap ₹5699 Cr.

Stock P/E -47.6

P/B 1

Current Price ₹776

Book Value ₹ 805.1

Face Value 10

52W High ₹869.6

Dividend Yield 3.03%

52W Low ₹ 615.1

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.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	826	1075	1141	1128	1127	1123	1138	913	971	921
Other Income	22	3	7	6	22	6	8	12	71	5
Total Income	847	1078	1148	1134	1149	1129	1146	925	1042	926
Total Expenditure	683	709	791	747	901	858	896	858	926	914
Operating Profit	164	369	357	388	248	271	251	67	116	12
Interest	1	1	1	2	3	8	8	11	11	11
Depreciation	49	50	52	50	60	79	88	89	95	96
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	114	318	304	336	186	184	155	-33	10	-95
Provision for Tax	39	116	82	114	58	70	44	0	-0	-7
Profit After Tax	75	202	222	222	128	114	112	-33	10	-88
Adjustments	-0	-0	-1	-31	-67	-27	-41	-24	-29	-27
Profit After Adjustments	75	201	221	191	61	87	71	-57	-18	-115
Adjusted Earnings Per Share	10.2	27.4	30	26	8.2	11.9	9.7	-7.8	-2.5	-15.7

Guj. Alkalies & Chem Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1995	2070	2455	3161	2725	2429	3759	4517	3943
Other Income	46	58	106	61	90	67	46	42	96
Total Income	2042	2128	2560	3222	2814	2497	3805	4559	4039
Total Expenditure	1662	1623	1668	2046	2147	2071	2773	3402	3594
Operating Profit	380	506	892	1176	667	426	1033	1157	446
Interest	10	13	15	21	14	15	6	19	41
Depreciation	107	111	127	140	162	174	198	276	368
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	262	381	749	1016	491	235	826	695	37
Provision for Tax	43	73	215	326	159	69	267	285	37
Profit After Tax	220	307	534	690	332	166	560	410	1
Adjustments	0	0	0	0	0	0	0	0	-121
Profit After Adjustments	220	307	534	690	332	166	560	410	-119
Adjusted Earnings Per Share	29.9	41.8	72.8	94	45.2	22.6	76.2	55.8	-16.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	20%	18%	13%	0%
Operating Profit CAGR	12%	20%	5%	0%
PAT CAGR	-27%	7%	-5%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	14%	21%	9%	16%
ROE Average	7%	7%	9%	10%
ROCE Average	11%	10%	13%	13%

Guj. Alkalies & Chem Balance Sheet

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

Guj. Alkalies & Chem Cash Flow

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

Guj. Alkalies & Chem Ratios

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

Guj. Alkalies & Chem Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28
FII	1.52	1.82	2.05	1.98	2.07	2.07	1.99	1.88	2.07	2.1
DII	1.63	1.68	1.63	1.47	1.46	1.51	1.51	1.96	2.17	3.14
Public	50.58	50.22	50.04	50.27	50.19	50.14	50.22	49.88	49.48	48.48
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	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4
FII	0.11	0.13	0.15	0.15	0.15	0.15	0.15	0.14	0.15	0.15
DII	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.14	0.16	0.23
Public	3.71	3.69	3.67	3.69	3.69	3.68	3.69	3.66	3.63	3.56
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

Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 46.28%.
Company has a low return on equity of 7% over the last 3 years.
Debtor days have increased from 90.65 to 102.36days.
The company has delivered a poor profit growth of -5% 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.