India Gelatine &Chem

₹392 13 | 3.4%

WEBSITE BSE:531253 NSE : INDIA GELAT. 18 May, 12:50

Market Cap ₹278 Cr.

Stock P/E 9.8

P/B 1.8

Current Price ₹392

Book Value ₹ 217.2

Face Value 10

52W High ₹514

Dividend Yield 2.81%

52W Low ₹ 255.3

Edit Ratio

India Gelatine &Chem Research see more...

Overview Inc. Year: 1973Industry: Chemicals

India Gelatine & Chemicals Ltd is a prominent company engaged in the production and distribution of gelatin and other chemicals. With a strong presence in the chemical industry, the company operates in various sectors, including pharmaceuticals, food and beverage, cosmetics, and industrial applications. India Gelatine & Chemicals is recognized for its commitment to high-quality products and customer satisfaction. The company's core product, gelatin, is a versatile ingredient widely used in pharmaceutical capsules, confectionery items, dairy products, photographic films, and more. India Gelatine & Chemicals ensures stringent quality control measures throughout the manufacturing process, adhering to international standards and regulations. The company maintains state-of-the-art facilities and utilizes advanced technologies to deliver reliable and consistent products to its clients. With a robust distribution network, India Gelatine & Chemicals Ltd caters to both domestic and international markets, exporting its products to several countries. The company's success is driven by its dedicated team, innovative research and development initiatives, and a customer-centric approach, making it a trusted name in the gelatin and chemical industry.

India Gelatine &Chem Share Price

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Peer Comparison

India Gelatine &Chem Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	44	52	45	47	56	57	58	49	48	51
Other Income	1	1	1	1	1	1	2	2	3	2
Total Income	45	53	45	48	58	57	60	51	50	53
Total Expenditure	42	48	40	42	46	44	46	41	40	44
Operating Profit	3	6	5	6	11	14	15	9	10	9
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	4	4	5	10	13	13	8	9	7
Provision for Tax	1	1	1	1	3	3	3	3	1	2
Profit After Tax	1	3	3	4	8	9	10	6	8	5
Adjustments	0	0	-0	0	0	0	-0	0	0	-0
Profit After Adjustments	1	3	3	4	8	9	10	6	8	5
Adjusted Earnings Per Share	1.5	4.6	4.1	5.7	10.8	13.1	14.2	7.8	11	7.1

India Gelatine &Chem 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	117	121	115	94	74	98	112	132	144	160	205	206
Other Income	3	3	7	5	6	4	4	3	5	4	3	9
Total Income	120	124	122	99	80	102	116	135	149	164	208	214
Total Expenditure	98	106	110	90	74	96	107	125	135	153	172	171
Operating Profit	22	18	12	9	6	6	9	10	13	11	37	43
Interest	0	0	0	0	0	0	0	0	0	0	1	0
Depreciation	5	5	5	5	3	3	3	3	4	4	4	5
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	17	12	7	5	3	3	6	6	9	7	32	37
Provision for Tax	6	4	1	1	-0	0	-0	1	2	2	8	9
Profit After Tax	11	8	6	4	3	2	6	5	7	6	24	29
Adjustments	0	0	0	0	0	0	-0	0	0	0	0	0
Profit After Adjustments	11	8	6	4	3	2	5	5	7	6	24	29
Adjusted Earnings Per Share	12.1	8.6	6.6	3.9	3.4	3.2	8.1	7.6	10	7.9	33.7	40.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	16%	16%	6%
Operating Profit CAGR	236%	55%	44%	5%
PAT CAGR	300%	69%	64%	8%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	51%	51%	33%	18%
ROE Average	19%	10%	8%	7%
ROCE Average	25%	14%	11%	9%

India Gelatine &Chem 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	108	114	119	121	124	99	102	104	110	115	136
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	8
Other Non-Current Liabilities	24	17	17	22	10	9	9	9	9	10	12
Total Current Liabilities	18	16	18	14	7	7	5	11	7	12	24
Total Liabilities	150	148	154	157	141	115	116	124	127	136	180
Fixed Assets	52	49	47	45	44	42	42	43	40	41	60
Other Non-Current Assets	31	21	22	22	7	6	8	11	17	17	26
Total Current Assets	67	78	84	90	90	68	66	69	69	79	94
Total Assets	150	148	154	157	141	115	116	124	127	136	180

India Gelatine &Chem 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	22	15	13	31	41	9	1	3	4	3	2
Cash Flow from Operating Activities	5	-1	17	4	-4	15	5	7	6	9	18
Cash Flow from Investing Activities	-10	2	3	8	-27	-19	-1	-3	-6	-8	-21
Cash Flow from Financing Activities	-3	-3	-2	-2	-1	-1	-2	-3	-1	-2	7
Net Cash Inflow / Outflow	-7	-2	18	10	-32	-5	2	1	-1	-1	3
Closing Cash & Cash Equivalent	15	13	31	41	9	3	3	4	3	2	5

India Gelatine &Chem 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)	12.13	8.57	6.62	3.9	3.37	3.18	8.11	7.55	10.03	7.91	33.7
CEPS(Rs)	17.32	14.31	12.06	8.95	6.99	7.74	12.82	12.4	15.18	12.99	39.13
DPS(Rs)	3	1.8	1.5	0.9	0.9	2	3.5	1.5	2.5	2.5	5
Book NAV/Share(Rs)	115.22	121.69	126.07	128.88	131.95	139.11	144.21	146.93	155.23	161.73	192.33
Core EBITDA Margin(%)	16.04	12.48	4.89	4.66	0.76	1.61	4.86	4.96	5.86	4.59	16.28
EBIT Margin(%)	14.44	10.2	6.2	4.96	3.99	2.75	5.08	4.98	6.57	4.71	15.94
Pre Tax Margin(%)	14.39	10.19	6.2	4.95	3.99	2.75	5.07	4.86	6.45	4.59	15.63
PAT Margin (%)	9.64	6.59	5.34	3.83	4.19	2.3	5.14	4.06	4.94	3.51	11.65
Cash Profit Margin (%)	13.77	11.01	9.73	8.8	8.69	5.6	8.12	6.67	7.48	5.76	13.52
ROA(%)	7.97	5.42	4.12	2.36	2.13	1.76	4.97	4.47	5.68	4.27	15.11
ROE(%)	10.94	7.23	5.34	3.06	2.58	2.03	5.73	5.19	6.64	4.99	19.03
ROCE(%)	16.35	11.18	6.2	3.95	2.46	2.42	5.67	6.36	8.82	6.7	25.05
Receivable days	25.19	21.17	16.11	19.11	25.65	16.8	15.91	16.18	19.97	23.79	22.5
Inventory Days	59.93	76.53	89.6	100.87	131.95	105.92	82.74	73.91	71.71	65.13	62.62
Payable days	39.89	31.9	23.23	21.98	43.69	42.03	33.32	35.55	32.03	30.2	47.69
PER(x)	5.66	7.91	10.54	18.85	25.18	30.43	10.58	10.59	8.98	13.82	8.13
Price/Book(x)	0.6	0.56	0.55	0.57	0.64	0.7	0.6	0.54	0.58	0.68	1.42
Dividend Yield(%)	4.37	2.66	2.15	1.22	1.06	2.07	4.08	1.88	2.78	2.29	1.82
EV/Net Sales(x)	0.43	0.42	0.3	0.3	0.96	0.67	0.49	0.38	0.4	0.45	0.95
EV/Core EBITDA(x)	2.28	2.85	2.83	3.01	11.07	11.01	6.13	4.95	4.41	6.41	5.34
Net Sales Growth(%)	13.38	3.25	-4.53	-18.36	-21.07	31.39	14.56	17.79	9.07	11.1	28.38
EBIT Growth(%)	73.07	-27.01	-42.09	-34.36	-36.28	-10.55	110.9	15.3	43.91	-20.24	334.2
PAT Growth(%)	61.22	-29.35	-22.8	-41.07	-13.56	-28.77	155.06	-6.93	32.76	-21.08	325.91
EPS Growth(%)	61.22	-29.35	-22.8	-41.07	-13.56	-5.6	155.06	-6.93	32.76	-21.08	325.91
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0.07
Current Ratio(x)	3.76	4.84	4.57	6.61	12.89	9.12	13.97	6.59	9.63	6.58	3.88
Quick Ratio(x)	2.46	3.08	3	4.85	8.49	5.6	8.79	3.85	5.77	4.12	2.18
Interest Cover(x)	312.65	1452.52	8645.41	2843.92	773.85	613.55	462.89	41.55	56.07	39.43	50.41
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0.05

India Gelatine &Chem Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	61.38	61.38	61.38	61.38	61.43	61.44	61.44	61.44	61.44	61.44
FII	0	0	0	0	0	0	0	0	0	0
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Public	38.61	38.61	38.61	38.61	38.56	38.55	38.55	38.55	38.55	38.55
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	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.44
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27
Others	0	0	0	0	0	0	0	0	0	0
Total	0.71	0.71	0.71	0.71	0.71	0.71	0.71	0.71	0.71	0.71

Pros

Company has delivered good profit growth of 64% CAGR over last 5 years
Company is almost debt free.

Cons

Company has a low return on equity of 10% over the last 3 years.
Debtor days have increased from 30.2 to 47.69days.

* 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.