Nitta Gelatin India

₹927.4 -2.5 | 0.3%

WEBSITE BSE:506532 NSE : NITTA GELA 10 May, 16:01

Market Cap ₹842 Cr.

Stock P/E 9.9

P/B 2.5

Current Price ₹927.4

Book Value ₹ 363.7

Face Value 10

52W High ₹1184

Dividend Yield 0.81%

52W Low ₹ 697.3

Edit Ratio

Nitta Gelatin India Research see more...

Overview Inc. Year: 1975Industry: Chemicals

Nitta Gelatin India Ltd is engaged in the manufacture and sale of Di Calcium Phosphate (DCP), Collagen Peptide, Gelatin, Ossein. It's geographic segments encompass Domestic and Export. It's products also include NutriGold, CartiPep, Ossein (Limed), and Chitosan. Collagen Peptide is utilized in diverse packages, together with healthcare, private care and food merchandise. The Company resources DCP to poultry farms and animal feed manufacturers in India. Chitosan is used in numerous industries, such as pharmaceutical, clinical, cosmetic, meals and agriculture, textile and water treatment. CartiPep is a system of Bioactive Collagen Peptides, Glucosamine hydrochloride (HCl) and Vitamin C. The Company's aid services encompass after-sales guidance, technical recommendation and utilization-associated solutions. The Company's plant life are positioned at Koratty, Trichur District, Kerala; Kusumagiri, Ernakulam District, Kerala, and CherthalaTaluk, Alappuzha, Kerala.

Nitta Gelatin India Share Price

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Peer Comparison

Nitta Gelatin India 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	119	139	142	134	146	140	146	128	140	134
Other Income	1	1	1	1	0	0	0	3	3	0
Total Income	120	140	142	136	146	140	146	131	143	135
Total Expenditure	108	117	119	113	119	102	119	90	108	102
Operating Profit	12	23	23	23	27	38	27	42	34	33
Interest	1	1	1	1	2	1	0	0	0	0
Depreciation	4	4	4	3	4	4	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	3	0	0	0	0
Profit Before Tax	8	18	18	18	22	36	23	38	30	29
Provision for Tax	3	5	5	5	6	8	6	10	8	8
Profit After Tax	5	13	13	13	15	29	17	28	22	21
Adjustments	-0	-1	-1	-1	-1	-2	-1	-1	-1	-1
Profit After Adjustments	5	13	12	12	15	27	16	28	21	20
Adjusted Earnings Per Share	5.2	13.9	13.4	13.5	16.1	30	17.8	30.3	23.4	21.9

Nitta Gelatin India 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	306	289	357	359	356	342	303	342	396	506	565	548
Other Income	2	0	2	2	9	5	1	2	1	5	1	6
Total Income	308	290	360	361	365	347	304	344	398	511	566	555
Total Expenditure	264	274	334	322	320	313	273	306	351	442	452	419
Operating Profit	44	16	26	38	45	34	31	37	46	69	114	136
Interest	9	8	10	8	7	7	9	8	6	5	4	0
Depreciation	16	17	14	13	14	15	15	16	16	14	14	16
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	3	0
Profit Before Tax	20	-9	1	18	24	12	7	13	25	49	99	120
Provision for Tax	11	-2	5	10	12	7	2	1	7	14	25	32
Profit After Tax	9	-7	-4	9	12	5	5	12	18	35	74	88
Adjustments	2	0	2	2	2	-0	-1	-1	-1	-2	-4	-4
Profit After Adjustments	11	-6	-1	11	14	4	3	11	17	33	70	85
Adjusted Earnings Per Share	9.9	-6.7	-1.6	11	15.6	4.9	3.8	12.4	19.1	36.3	77.4	93.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	18%	11%	6%
Operating Profit CAGR	65%	46%	27%	10%
PAT CAGR	111%	83%	71%	23%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	12%	73%	50%	26%
ROE Average	32%	20%	15%	8%
ROCE Average	35%	23%	17%	13%

Nitta Gelatin India 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	113	109	108	130	134	149	151	153	173	201	268
Minority's Interest	9	8	6	4	3	1	3	3	3	4	7
Borrowings	16	22	19	34	40	38	34	29	23	7	7
Other Non-Current Liabilities	10	7	10	10	15	5	4	-0	5	9	3
Total Current Liabilities	75	81	80	78	110	114	122	107	103	125	83
Total Liabilities	222	226	223	256	301	306	313	292	306	345	367
Fixed Assets	117	125	118	120	110	113	130	121	113	107	114
Other Non-Current Assets	13	13	14	14	35	43	34	36	29	34	32
Total Current Assets	93	88	91	122	156	150	149	135	165	204	221
Total Assets	222	226	223	256	301	306	313	292	306	345	367

Nitta Gelatin India 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	2	2	1	2	1	4	3	5	1	1	2
Cash Flow from Operating Activities	17	24	20	20	11	27	22	40	19	17	101
Cash Flow from Investing Activities	-13	-25	-8	-14	-3	-7	-14	-10	-7	-14	-18
Cash Flow from Financing Activities	-3	0	-12	18	-5	-20	-7	-33	-12	-2	-55
Net Cash Inflow / Outflow	1	-1	0	25	3	-0	1	-3	-0	1	28
Closing Cash & Cash Equivalent	2	1	2	27	4	3	5	1	1	2	30

Nitta Gelatin India 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)	9.94	-6.7	-1.56	10.95	15.6	4.91	3.82	12.38	19.15	36.26	77.44
CEPS(Rs)	22.05	10.98	11.84	23.49	28.58	21.62	21.95	30.82	36.85	54.21	96.95
DPS(Rs)	4	0	1	2.5	2.5	2.5	1.5	2.5	3	4	7.5
Book NAV/Share(Rs)	101.33	119.71	119.13	126.01	147.09	163.61	165.83	168.9	190.58	221.25	294.75
Core EBITDA Margin(%)	13.45	5.29	6.33	9.75	10.02	8.46	9.96	10.43	11.33	12.68	20.04
EBIT Margin(%)	9.11	-0.17	3.02	6.93	8.71	5.42	5.31	6.35	7.78	10.75	18.22
Pre Tax Margin(%)	6.3	-2.87	0.38	4.89	6.74	3.46	2.41	3.9	6.37	9.69	17.48
PAT Margin (%)	2.85	-2.2	-0.97	2.31	3.44	1.34	1.62	3.6	4.51	6.87	13.04
Cash Profit Margin (%)	7.85	3.35	2.9	5.75	7.3	5.72	6.56	8.15	8.42	9.71	15.53
ROA(%)	4.21	-2.92	-1.6	3.57	4.39	1.52	1.59	4.08	5.99	10.69	20.75
ROE(%)	8.25	-5.89	-3.31	7.69	9.87	3.26	3.29	8.13	10.99	18.64	31.55
ROCE(%)	17.13	-0.29	6.38	13.52	13.8	7.52	6.32	8.8	12.61	20.19	34.77
Receivable days	25.28	29.69	21.93	20.95	37.36	60.6	75.09	51.93	44.48	54.47	56.87
Inventory Days	56.63	65.4	53.06	57.33	69.42	78.01	85.78	85.65	84.61	70.37	63.02
Payable days	58.17	64.01	51.98	46.66	46.04	52.11	64.1	48.7	40.09	30.09	33.55
PER(x)	11.63	0	0	18.65	12.23	40.59	32.97	7.21	8.71	7.8	11.48
Price/Book(x)	1.14	0.79	1.06	1.62	1.3	1.22	0.76	0.53	0.88	1.28	3.02
Dividend Yield(%)	2.59	0	0.79	1.22	1.31	1.26	1.19	2.8	1.8	1.41	0.84
EV/Net Sales(x)	0.6	0.53	0.5	0.7	0.75	0.81	0.71	0.48	0.58	0.67	1.44
EV/Core EBITDA(x)	4.16	9.53	6.98	6.51	5.97	8.24	6.95	4.34	4.93	4.93	7.13
Net Sales Growth(%)	24.57	-5.54	23.57	0.32	-0.79	-3.82	-11.43	12.91	15.81	27.69	11.74
EBIT Growth(%)	126.93	-101.77	2302.47	129.86	20.43	-39.97	-13.21	35.19	41.66	76.42	89.34
PAT Growth(%)	90.47	-172.89	45.22	338.78	42.91	-62.4	7	150.9	45.17	94.37	112.07
EPS Growth(%)	137.31	-167.44	76.71	801.36	42.48	-68.55	-22.08	223.86	54.65	89.36	113.58
Debt/Equity(x)	0.5	0.63	0.61	0.59	0.81	0.7	0.72	0.55	0.46	0.43	0.15
Current Ratio(x)	1.24	1.09	1.14	1.56	1.41	1.32	1.22	1.26	1.6	1.64	2.68
Quick Ratio(x)	0.52	0.44	0.46	0.78	0.74	0.68	0.65	0.41	0.7	0.82	1.55
Interest Cover(x)	3.24	-0.06	1.14	3.4	4.43	2.77	1.83	2.6	5.53	10.17	24.8
Total Debt/Mcap(x)	0.44	0.8	0.57	0.41	0.63	0.57	0.94	1.03	0.53	0.34	0.05

Nitta Gelatin India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.48	74.48	74.48	74.48	74.48	74.48	74.48	74.48	74.48	74.48
FII	0	0	0	0	0	0	0	0	0	0
DII	0.12	0.12	0.12	0.12	0.12	0.26	0.26	0.12	0.11	0.11
Public	25.4	25.4	25.4	25.4	25.4	25.26	25.26	25.4	25.4	25.4
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	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23
Others	0	0	0	0	0	0	0	0	0	0
Total	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91

Pros

Company has delivered good profit growth of 71% CAGR over last 5 years
Company is almost debt free.

Cons

Debtor days have increased from 30.09 to 33.55days.

* 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.