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Nuway OrganicNatural Overview

1. Business Overview

Nuway Organic Naturals India Ltd. is primarily engaged in the business of manufacturing, processing, and trading a diverse range of organic food products. The company focuses on offering food items free from chemicals and pesticides. Its core business model involves sourcing raw organic agricultural produce, processing it to ensure quality and purity, and then packaging and marketing these products under its brand. The company aims to cater to health-conscious consumers seeking natural and organic food options. It generates revenue through the sale of these processed organic food products through various distribution channels.

(Note: While the prompt specified "Household & Personal Products" as the sector/industry, the company's website and business activities indicate it operates in the "Organic Food Products" segment, which aligns with the Food Processing & Allied industry classification on exchanges.)

2. Key Segments / Revenue Mix

The company's product portfolio is segmented across various organic food categories, including:

Organic Pulses

Organic Spices

Organic Cereals

Organic Flours

Organic Dry Fruits

Organic Sugar & Jaggery

Organic Ghee & Oils

Specific revenue contribution breakdowns by these individual product segments are not readily available in public domain information for this company.

3. Industry & Positioning

Nuway Organic Naturals operates in the growing Indian organic food market. This industry is characterized by increasing consumer awareness regarding health, wellness, and chemical-free food, driving a significant shift towards organic consumption. The market is fragmented, with numerous regional players, specialized organic brands, and also larger established food companies entering the segment. Nuway Organic Naturals positions itself as a provider of certified organic and natural food products, likely competing on quality, authenticity, and a specific product range. As an SME listed on the BSE, it is likely a smaller player compared to major national or international packaged food conglomerates, potentially focusing on specific geographic regions or distribution channels.

4. Competitive Advantage (Moat)

The company's competitive advantages are likely moderate:

Brand & Certification: The "Nuway Organic Naturals" brand, coupled with necessary organic certifications (e.g., India Organic), helps build trust and differentiates its products from conventional alternatives. Maintaining these certifications and a reputation for quality is crucial.

Niche Focus: By focusing specifically on organic products, the company taps into a growing niche market with loyal customers willing to pay a premium.

Sourcing & Processing Capabilities: Developing an efficient supply chain for sourcing certified organic raw materials and maintaining effective processing capabilities are key operational advantages.

It does not appear to possess significant advantages related to economies of scale, high switching costs, or extensive distribution networks compared to larger FMCG players.

5. Growth Drivers

Rising Health Consciousness: Increasing consumer awareness about healthy eating and the benefits of organic food drives demand.

Growing Disposable Incomes: Consumers' ability to afford premium organic products is expanding, especially in urban areas.

Expansion of Retail & E-commerce: Increased penetration of organized retail and online grocery platforms provides wider reach for organic products.

Government Initiatives: Support for organic farming and related subsidies can benefit the raw material supply chain.

Product Portfolio Expansion: Introduction of new organic food items and value-added products can open new revenue streams.

6. Risks

Raw Material Sourcing & Price Volatility: Dependence on a consistent supply of certified organic raw materials, which can be subject to climate, seasonality, and price fluctuations.

Intense Competition: Facing competition from other organic brands, both established and emerging, as well as from large conventional food companies diversifying into organic segments.

Quality Control & Certification Compliance: Any lapse in maintaining organic integrity or failing to meet certification standards can severely damage brand reputation and lead to regulatory penalties.

Consumer Perception & Trust: Skepticism among some consumers regarding the authenticity of "organic" claims or unwillingness to pay a premium.

Regulatory Changes: Evolving food safety standards, labeling requirements, and organic certification norms can impact operations and compliance costs.

Economic Downturn: Organic products are often considered premium, making them susceptible to reduced demand during economic slowdowns.

7. Management & Ownership

Nuway Organic Naturals India Ltd. is likely a promoter-driven company, typical for SMEs listed on the BSE. The promoters typically hold a significant stake in the company, guiding its strategic direction and operations. Specific details regarding the individual management team's background and experience would require in-depth analysis of their annual reports or public filings. Ownership structure generally includes the promoter group, followed by public shareholders and potentially other institutional or non-institutional investors.

8. Outlook

The outlook for Nuway Organic Naturals is balanced. The bull case is supported by the strong underlying tailwinds in the Indian organic food market, driven by increasing health consciousness and disposable incomes. If the company can effectively manage its supply chain, maintain high-quality standards, expand its distribution efficiently (including online channels), and strengthen its brand recall, it has the potential to capitalize on this growing demand and achieve sustainable growth.

However, the bear case highlights significant challenges. The company faces intense competition from both niche organic players and large, well-resourced conventional food companies entering the organic segment. Risks related to consistent sourcing of certified raw materials, price volatility, and the critical need to maintain consumer trust in its "organic" claims could pressure margins and limit market share gains. Scaling operations efficiently while navigating regulatory complexities and managing potential consumer skepticism about premium pricing will be crucial for its long-term success.

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Nuway OrganicNatural Key Financials

Market Cap ₹35 Cr.

Stock P/E 171

P/B -

Current Price ₹37

Book Value ₹ 0

Face Value 10

52W High ₹37.1

Dividend Yield 0%

52W Low ₹ 37

Nuway OrganicNatural Share Price

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Volume
Price

Nuway OrganicNatural Quarterly Price

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Nuway OrganicNatural Peer Comparison

Nuway OrganicNatural 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 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 0 0 0 0
Total Expenditure 0 0 1 0 0 0 0 0 0 0
Operating Profit -0 -0 -1 -0 -0 -0 -0 0 -0 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 1 0 1 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 -1 -1 -1 -0 -0 -0 0 -0 -0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -0 -1 -1 -1 -0 -0 -0 0 -0 -0
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 -1 -1 -1 -0 -0 -0 0 -0 -0
Adjusted Earnings Per Share -0 -0.9 -0.8 -1 -0 -0.5 -0.5 0.1 -0 -0

Nuway OrganicNatural 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 60 62 51 39 17 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 4 0 0 0 0
Total Income 60 62 51 39 17 0 0 4 0 0 0 0
Total Expenditure 59 61 54 35 20 2 2 1 0 0 0 0
Operating Profit 0 1 -3 4 -2 -1 -1 2 -0 -0 0 0
Interest 4 3 3 3 3 3 1 0 0 0 0 0
Depreciation 6 6 6 5 4 3 3 2 2 2 0 0
Exceptional Income / Expenses 5 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -5 -7 -12 -3 -9 -7 -5 0 -2 -2 0 0
Provision for Tax -0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax -4 -7 -12 -4 -9 -7 -5 0 -2 -2 0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -4 -7 -12 -4 -9 -7 -5 0 -2 -2 0 0
Adjusted Earnings Per Share -4.5 -7.4 -12.5 -3.7 -9.1 -7.5 -5.2 0 -2 -2 0.2 -0.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% -100%
Operating Profit CAGR 0% -100% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 5% 30% 39% 13%
ROE Average 0% 0% 0% -92%
ROCE Average 9% -65% -54% -36%

Nuway OrganicNatural 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 11 4 -8 -12 -20 -28 -33 -33 -34 -36 -34
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 21 17 27 25 24 26 35 36 36 37 38
Other Non-Current Liabilities 14 9 9 9 9 9 8 8 3 3 3
Total Current Liabilities 16 23 22 26 25 25 19 14 18 19 17
Total Liabilities 63 53 50 48 36 33 30 25 23 22 24
Fixed Assets 40 39 34 30 26 23 20 18 16 18 19
Other Non-Current Assets 4 0 0 1 1 1 1 2 3 1 1
Total Current Assets 20 14 16 17 10 9 9 5 4 4 4
Total Assets 63 53 50 48 36 33 30 25 23 22 24

Nuway OrganicNatural 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 3 1 5 1 2 2 2 2 1 0
Cash Flow from Operating Activities 3 1 5 12 6 -4 -3 1 -1 0 0
Cash Flow from Investing Activities -1 -1 -1 -1 -1 0 0 -1 -0 -1 0
Cash Flow from Financing Activities -1 -1 -0 -14 -5 4 3 1 0 1 0
Net Cash Inflow / Outflow 1 -1 4 -2 1 0 -0 -0 -1 -0 0
Closing Cash & Cash Equivalent 3 1 5 3 2 2 2 2 1 1 0

Nuway OrganicNatural 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) -4.53 -7.38 -12.5 -3.69 -9.11 -7.51 -5.25 0.01 -1.96 -1.96 0.22
CEPS(Rs) 1.97 -1.51 -6.6 1.1 -5.11 -4.2 -2.54 2.29 -0.05 -0.37 0.22
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 4.51 -2.87 -15.37 -19.06 -28.17 -35.68 -40.93 -40.83 -42.16 -44.12 -42.72
Core EBITDA Margin(%) 0.74 1.87 -6.76 10.41 -13.48 -418.66 -791.81 -885.38 -628.3 -3572.73 0
EBIT Margin(%) -1.6 -6.56 -17.61 -0.95 -34.62 -1286.09 -2286.13 9.96 -2984.42 0 0
Pre Tax Margin(%) -7.63 -11.41 -23.69 -8.65 -50.8 -2031.49 -2989.94 9.31 -2985.37 0 0
PAT Margin (%) -7.24 -11.41 -23.69 -9.02 -50.8 -2031.49 -2989.94 9.31 -2985.37 0 0
Cash Profit Margin (%) 3.15 -2.33 -12.51 2.7 -28.49 -1137.19 -1448.35 1453.37 -82.51 -3575.76 0
ROA(%) -6.25 -12.17 -23.08 -7.19 -20.77 -20.92 -16.19 0.05 -7.79 -8.33 0.9
ROE(%) -116.54 -900.89 0 0 0 0 0 0 0 0 0
ROCE(%) -2.22 -10.43 -29.41 -1.67 -36.76 -48.23 -77.59 0.51 -70.86 -132.83 9.46
Receivable days 57.66 22.98 34.94 51.63 106.87 4232.49 8503.82 5721.25 4346.58 0 0
Inventory Days 42.11 30.15 31.47 49.49 92.48 1607.74 3400.13 3790.24 9097.64 0 0
Payable days 53.47 42.68 108.23 248.27 420.99 0 0 0 0 0 0
PER(x) 0 0 0 0 0 0 0 0 0 0 77.63
Price/Book(x) 0 0 0 0 0 0 0 0 0 -0.29 -0.39
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.74 0.77 0.86 1.16 2.68 137.92 292.77 331.04 813.63 5528.7 0
EV/Core EBITDA(x) 90.69 37.84 -13.32 10.79 -21.75 -35.2 -39.32 22.77 -997.61 -154.79 287.81
Net Sales Growth(%) 27.11 3.49 -18.45 -22.5 -56.13 -97.94 -52.49 -10.32 -58.32 -84.26 -100
EBIT Growth(%) -124.94 -323.09 -118.94 95.8 -1491.34 23.48 15.54 100.39 0 0.1 111.06
PAT Growth(%) -66.77 -63.02 -69.36 70.5 -147.12 17.63 30.07 100.28 0 0.11 111.06
EPS Growth(%) 0 -63.02 -69.36 70.5 -147.12 17.63 30.07 100.28 0 0.11 111.06
Debt/Equity(x) 2.81 8.56 -3.95 -2.78 -1.57 -1.27 -1.08 -1.1 -1.06 -1.02 -1.1
Current Ratio(x) 1.21 0.62 0.72 0.66 0.39 0.35 0.46 0.37 0.21 0.2 0.21
Quick Ratio(x) 0.9 0.39 0.57 0.39 0.33 0.29 0.37 0.26 0.13 0.12 0.13
Interest Cover(x) -0.27 -1.35 -2.9 -0.12 -2.14 -1.73 -3.25 15.4 -3128.67 -4688.5 0
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 2.93 2.36

Nuway OrganicNatural Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 52.23 52.23 52.23 52.23 52.23 52.23 46.76 46.76 52.23 52.23
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 47.77 47.77 47.77 47.77 47.77 47.77 53.24 53.24 47.77 47.77
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Nuway OrganicNatural News

Nuway OrganicNatural Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
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