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Nova Agritech

₹49.6 0.4 | 0.9%

Market Cap ₹458 Cr.

Stock P/E 28.9

P/B 2.1

Current Price ₹49.6

Book Value ₹ 23.4

Face Value 2

52W High ₹78.5

Dividend Yield 0%

52W Low ₹ 47.7

Nova Agritech Research see more...

Overview Inc. Year: 2007Industry: Pesticides & Agrochemicals

Nova Agritech Limited is a research-based company that produces and sells agri inputs such as bio stimulants, micronutrients and organic inputs. The company was established in 2007 and has manufacturing facilities in Hyderabad. The company’s vision is to be a global leader in provision of comprehensive agriculture technology solutions while balancing the goals between food security and environment sustainability. The company’s mission is to provide a wide range of cutting edge agriput solutions through continued and organized research and focus towards quality and excellence, ultimately leading to an ecologically sustainable, nutritionally balanced and financially profitable farming community. The company also has a vibrant R&D department that has led to the production of vital substitute products and cost-effective agrochemicals on a large scale and consequently to a strong, competitive national and international presence.

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Nova Agritech Share Price

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Nova Agritech Quarterly Results

#(Fig in Cr.) Dec 2022 Dec 2023
Net Sales 56 78
Other Income 0 0
Total Income 56 78
Total Expenditure 45 63
Operating Profit 10 15
Interest 2 2
Depreciation 1 1
Exceptional Income / Expenses 0 0
Profit Before Tax 8 12
Provision for Tax 2 3
Profit After Tax 6 10
Adjustments 0 0
Profit After Adjustments 6 10
Adjusted Earnings Per Share 0.2 1.5

Nova Agritech Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 116 131 127 161 186 211 134
Other Income 0 0 0 0 0 0 0
Total Income 116 131 127 161 186 211 134
Total Expenditure 100 118 113 142 158 172 108
Operating Profit 15 13 14 18 28 39 25
Interest 3 4 6 8 7 9 4
Depreciation 3 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 10 7 5 9 18 28 20
Provision for Tax 3 3 2 2 5 8 5
Profit After Tax 6 5 3 6 14 20 16
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments 6 5 3 6 14 20 16
Adjusted Earnings Per Share 1 0.8 0.5 1 2.2 3.3 1.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 18% 13% 0%
Operating Profit CAGR 39% 41% 21% 0%
PAT CAGR 43% 88% 27% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 38% 33% 27% 27%
ROCE Average 31% 27% 24% 24%

Nova Agritech Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 22 27 23 29 43 64
Minority's Interest 0 0 0 0 0 0
Borrowings 5 6 15 18 24 16
Other Non-Current Liabilities 1 3 1 1 -3 -3
Total Current Liabilities 69 82 89 95 92 99
Total Liabilities 97 118 128 144 156 176
Fixed Assets 15 17 16 17 18 17
Other Non-Current Assets 4 3 1 1 1 1
Total Current Assets 77 99 111 126 137 158
Total Assets 97 118 128 144 156 176

Nova Agritech Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0 0 0 2
Cash Flow from Operating Activities 3 3 -9 5 2 5
Cash Flow from Investing Activities -6 -3 -1 -3 -4 -2
Cash Flow from Financing Activities 3 -1 10 -2 3 -2
Net Cash Inflow / Outflow -0 0 -0 0 1 2
Closing Cash & Cash Equivalent 0 0 0 0 2 3

Nova Agritech Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 1.02 0.78 0.48 1 2.18 3.27
CEPS(Rs) 1.42 1.15 0.85 1.35 2.54 3.64
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 3.51 4.29 3.65 4.69 6.89 10.19
Core EBITDA Margin(%) 13.15 10.14 10.74 11.31 15.01 18.5
EBIT Margin(%) 11.06 8.37 8.91 10.15 13.82 17.56
Pre Tax Margin(%) 8.39 5.68 3.84 5.4 9.94 13.38
PAT Margin (%) 5.53 3.74 2.35 3.92 7.38 9.73
Cash Profit Margin (%) 7.69 5.52 4.2 5.26 8.57 10.85
ROA(%) 6.6 4.54 2.65 4.63 9.13 12.33
ROE(%) 29.04 19.98 13.27 24.08 37.7 38.27
ROCE(%) 24.55 19.97 18.64 21.82 27.29 30.51
Receivable days 132.15 137.84 163.25 177.67 174.99 172.19
Inventory Days 107.78 101.92 103 82.65 71.01 68.06
Payable days 206.85 212.57 220.03 167.58 126.74 89.88
PER(x) 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.37 0.33 0.46 0.39 0.4 0.38
EV/Core EBITDA(x) 2.77 3.23 4.3 3.43 2.7 2.04
Net Sales Growth(%) 0 13.06 9.5 26.83 15.53 13.45
EBIT Growth(%) 0 -14.42 -11.79 44.51 57.32 44.09
PAT Growth(%) 0 -23.57 -53.4 111.44 117.29 49.68
EPS Growth(%) 0 -23.57 -39.03 111.44 117.29 49.67
Debt/Equity(x) 1.37 1.14 2.01 1.74 1.49 1.11
Current Ratio(x) 1.12 1.2 1.25 1.32 1.5 1.6
Quick Ratio(x) 0.63 0.73 0.83 0.95 1.09 1.18
Interest Cover(x) 4.14 3.12 1.76 2.14 3.56 4.2
Total Debt/Mcap(x) 0 0 0 0 0 0

Nova Agritech Shareholding Pattern

# Mar 2018 Mar 2024
Promoter 82.13 59.39
FII 0 4.72
DII 0 3.27
Public 17.87 32.63
Others 0 0
Total 100 100

Pros

  • Company has delivered good profit growth of 27% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33%
  • Debtor days have improved from 126.74 to 89.88days.
  • Company has reduced debt.

Cons

* 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.

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