Refnol Resins & Chem

₹102.9 0 | 0%

WEBSITE BSE:530815 NSE : REFNOL RESIN 10 Oct, 00:00

Market Cap ₹31 Cr.

Stock P/E 357.1

P/B 1.6

Current Price ₹102.9

Book Value ₹ 65

Face Value 10

52W High ₹112

Dividend Yield 0%

52W Low ₹ 70

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Refnol Resins & Chem Research see more...

Overview Inc. Year: 1980Industry: Chemicals

Refnol Resins & Chem Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Refnol Resins & Chem Quarterly Results

#(Fig in Cr.)	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Net Sales	10	10	11	14	15	17	14	17	17	19
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	10	10	12	14	15	17	14	17	17	19
Total Expenditure	10	10	12	14	14	17	14	16	16	18
Operating Profit	0	0	0	0	1	0	-0	1	1	1
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-0	-0	-0	-0	0	-0	-1	0	0	0
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-0	-0	-0	-0	0	-0	-1	0	0	0
Adjustments	-0	0	0	0	-0	0	0	0	0	0
Profit After Adjustments	-0	-0	-0	-0	0	-0	-1	0	0	0
Adjusted Earnings Per Share	-0.7	-0.6	-1.1	-0.2	0.6	-1	-1.7	0.9	0.3	0.8

Refnol Resins & 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	32	31	37	38	38	44	48	43	32	50	64	67
Other Income	0	0	0	1	0	0	0	0	0	0	0	0
Total Income	33	31	38	39	38	44	48	43	32	50	65	67
Total Expenditure	31	30	35	35	35	43	46	41	31	49	63	64
Operating Profit	1	1	2	4	3	1	3	2	1	1	1	3
Interest	1	1	1	1	1	1	1	1	1	1	1	0
Depreciation	0	0	0	0	1	1	1	1	1	1	1	0
Exceptional Income / Expenses	0	-1	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-1	-1	0	2	1	-1	1	1	-1	-0	-0	-1
Provision for Tax	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-1	-1	0	2	1	-1	1	1	-1	-0	-0	-1
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-1	-1	0	2	1	-1	1	1	-1	-0	-0	-1
Adjusted Earnings Per Share	-2.1	-4.7	1	6.8	1.8	-3.7	2	1.9	-2.6	-1.3	-1.5	0.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	14%	8%	7%
Operating Profit CAGR	0%	-21%	0%	0%
PAT CAGR	0%	-100%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	24%	39%	35%	23%
ROE Average	-2%	-3%	-0%	-1%
ROCE Average	2%	2%	4%	8%

Refnol Resins & 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	9	7	9	9	19	19	20	21	20	20	20
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	2	1	1	1	1	1	1	0	0	1
Other Non-Current Liabilities	1	1	2	2	2	2	2	2	2	2	3
Total Current Liabilities	11	11	11	12	13	15	16	14	13	19	17
Total Liabilities	21	22	23	24	35	38	39	38	36	41	41
Fixed Assets	6	6	5	5	16	15	15	16	15	15	16
Other Non-Current Assets	1	1	1	0	1	1	1	0	0	0	1
Total Current Assets	13	15	16	18	18	21	22	22	21	25	24
Total Assets	21	22	23	24	35	38	39	38	36	41	41

Refnol Resins & 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	1	1	1	1	2	1	1	2	1	2	2
Cash Flow from Operating Activities	1	1	2	2	1	1	3	2	2	1	2
Cash Flow from Investing Activities	-0	-0	0	0	-0	-0	-1	-0	-0	-1	-1
Cash Flow from Financing Activities	-1	-1	-2	-1	-1	-1	-2	-2	-2	-1	-0
Net Cash Inflow / Outflow	-0	1	-0	1	-0	0	0	-0	1	-0	0
Closing Cash & Cash Equivalent	1	1	1	2	1	1	2	1	2	2	2

Refnol Resins & 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)	-2.09	-4.73	1.04	6.84	1.78	-3.73	2.05	1.88	-2.6	-1.29	-1.5
CEPS(Rs)	-0.59	-3.15	2.25	7.68	3.93	-1.58	4.55	3.99	-0.53	0.65	0.43
DPS(Rs)	0	0	0	0	0	0	1	0	0	0	0
Book NAV/Share(Rs)	13.53	9.37	13.75	17.3	61.28	61.43	65.19	67.93	64.83	64.42	64.16
Core EBITDA Margin(%)	3.07	2.69	4.88	7.75	6.26	1.59	5.09	5.44	2.15	2.06	1.57
EBIT Margin(%)	2.36	-0.09	4.55	8.53	4.74	0.43	4.28	4.11	0.62	1.02	0.77
Pre Tax Margin(%)	-1.9	-4.53	0.82	5.28	1.64	-2.44	1.32	1.56	-2.53	-0.7	-0.72
PAT Margin (%)	-1.9	-4.53	0.82	5.28	1.39	-2.61	1.32	1.35	-2.53	-0.79	-0.72
Cash Profit Margin (%)	-0.53	-3.02	1.79	5.93	3.06	-1.11	2.93	2.87	-0.51	0.4	0.2
ROA(%)	-3.11	-6.86	1.43	9.07	1.89	-3.19	1.66	1.51	-2.16	-1.03	-1.13
ROE(%)	-14.78	-41.31	8.97	44.06	4.54	-6.08	3.23	2.83	-3.91	-1.99	-2.34
ROCE(%)	8.01	-0.28	17.36	30.79	10.03	0.73	7.71	6.49	0.74	1.98	1.9
Receivable days	80.17	94.23	86.84	92.02	102.25	106.06	101.93	112.2	145.82	96.5	83.49
Inventory Days	44.55	44.23	36.16	37.06	37.92	34.23	34.03	41.18	55.23	43.76	39.62
Payable days	0	0	0	0	44.31	92.05	100.09	109.72	134.14	94.39	91.72
PER(x)	0	0	7.32	2.19	21.58	0	9.03	9.92	0	0	0
Price/Book(x)	0.55	1.91	0.55	0.87	0.63	0.5	0.28	0.28	0.39	0.65	1.25
Dividend Yield(%)	0	0	0	0	0	0	5.41	0	0	0	0
EV/Net Sales(x)	0.23	0.35	0.19	0.22	0.45	0.34	0.22	0.24	0.35	0.33	0.44
EV/Core EBITDA(x)	5.78	10.57	3.23	2.33	6.64	17.34	3.66	4.22	13.33	15.19	26.07
Net Sales Growth(%)	11.4	-4.95	21.1	2.53	-1.22	15.57	9.91	-10.2	-26.25	58.72	27.93
EBIT Growth(%)	354.47	-103.5	6389.36	92.38	-44.99	-89.85	977.59	-13.85	-88.81	160.18	-3.59
PAT Growth(%)	66.67	-126.08	121.93	559.31	-73.91	-309.2	154.86	-7.95	-237.83	50.53	-16.97
EPS Growth(%)	66.67	-126.08	121.93	559.31	-73.91	-309.2	154.86	-7.95	-237.83	50.53	-16.97
Debt/Equity(x)	1.31	2.16	1.37	1.08	0.35	0.37	0.32	0.3	0.29	0.29	0.31
Current Ratio(x)	1.24	1.31	1.44	1.55	1.43	1.39	1.36	1.55	1.53	1.37	1.44
Quick Ratio(x)	0.87	0.98	1.1	1.18	1.12	1.11	1.07	1.2	1.2	0.96	1.06
Interest Cover(x)	0.55	-0.02	1.22	2.63	1.53	0.15	1.45	1.61	0.2	0.59	0.52
Total Debt/Mcap(x)	2.48	1.22	2.61	1.3	0.56	0.74	1.15	1.1	0.76	0.44	0.25

Refnol Resins & Chem Shareholding Pattern

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	53.58	53.58	53.58	53.58	53.58	53.58	53.58	53.58	53.58	53.58
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	46.42	46.42	46.42	46.42	46.42	46.42	46.42	46.42	46.42	46.42
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14
Others	0	0	0	0	0	0	0	0	0	0
Total	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31

Pros

Debtor days have improved from 94.39 to 91.72days.
Company is almost debt free.

Cons

Company has a low return on equity of -3% over the last 3 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.