Sadhana Nitro Chem

₹66.2 -0.3 | 0.4%

WEBSITE BSE:506642 NSE : SADHANA NITR 10 May, 16:01

Market Cap ₹1636 Cr.

Stock P/E 307.9

P/B 7.4

Current Price ₹66.2

Book Value ₹ 8.9

Face Value 1

52W High ₹138.9

Dividend Yield 0.23%

52W Low ₹ 61

Edit Ratio

Sadhana Nitro Chem Research see more...

Overview Inc. Year: 1973Industry: Chemicals

Sadhana Nitro Chem Ltd is a holding agency which is engaged within the production of chemical intermediates, heavy natural chemical compounds and performance chemical which operates through two geographical segments: local and exports. The Company's merchandise comprises Meta Amino Phenol and Nitrobenzene. The Company additionally provides other merchandise, including Aniline 2,4 Disulfonic Acid; Butane 1,2,3,4 Tetra Carboxylic Acid; Dibutyl Keto Acid; Diethyl Keto Acid; 3,3 Diamino Diphenyl Sulphone; 3,3 Dinitro Diphenyl Sulphone; Metanilic Acid; Aniline 2,5 Disulfonic Acid; Sodium Meta Nitrobenzene Sulphonate, and N,N Diethyl Meta Amino Phenol. The Company's merchandise have various uses and applications in diverse industries, along with paper, pharmaceutical, agro chemicals, thermal dyes, light stabilizer, aerospace, dyes and hair dyes. The Company's plant is at Roha, District Raigad, Maharashtra. The Company operates in Mumbai. The Company's subsidiary is Anuchem B.V.B.A.

Sadhana Nitro Chem Share Price

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Peer Comparison

Sadhana Nitro Chem 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	32	32	40	27	37	31	48	39	42	44
Other Income	1	2	2	1	0	-0	0	1	-0	1
Total Income	33	34	41	29	37	31	48	40	42	45
Total Expenditure	28	28	37	25	32	26	38	32	29	33
Operating Profit	4	5	5	4	5	5	10	9	13	12
Interest	1	2	1	1	2	2	4	4	4	4
Depreciation	2	2	2	2	2	2	3	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	2	2	1	1	1	3	0	4	4
Provision for Tax	0	1	1	-0	1	0	1	0	2	3
Profit After Tax	2	2	1	1	-0	1	2	0	3	1
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	2	2	1	1	-0	1	2	0	3	1
Adjusted Earnings Per Share	0.1	0.1	0	0	-0	0	0.1	0	0.1	0

Sadhana Nitro Chem Profit & Loss

#(Fig in Cr.)	Jun 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	72	32	48	36	55	114	267	106	103	132	143	173
Other Income	1	1	0	0	0	0	1	2	5	5	2	2
Total Income	72	33	49	36	56	114	268	108	108	137	145	175
Total Expenditure	66	34	52	34	47	78	147	77	80	117	122	132
Operating Profit	7	-1	-3	2	9	37	122	31	28	20	23	44
Interest	10	6	5	5	6	7	12	3	3	5	10	16
Depreciation	4	2	2	2	2	2	3	6	6	6	8	15
Exceptional Income / Expenses	14	11	13	0	0	0	0	0	0	0	0	0
Profit Before Tax	6	1	3	-5	1	28	107	22	19	9	6	11
Provision for Tax	2	2	-1	0	0	-3	31	8	3	3	2	6
Profit After Tax	4	-1	4	-5	1	31	76	15	16	6	3	6
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	4	-1	4	-5	1	31	76	15	16	6	3	6
Adjusted Earnings Per Share	0.2	-0	0.2	-0.2	0	1.3	3.2	0.7	0.7	0.3	0.1	0.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	8%	10%	5%	7%
Operating Profit CAGR	15%	-9%	-9%	13%
PAT CAGR	-50%	-42%	-37%	-3%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-38%	39%	26%	70%
ROE Average	2%	7%	27%	92%
ROCE Average	5%	8%	36%	29%

Sadhana Nitro Chem Balance Sheet

#(Fig in Cr.)	Jun 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1	0	12	7	10	46	105	116	130	160	226
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	4	0	0	0	18	7	3	2	28	35	60
Other Non-Current Liabilities	1	3	2	2	2	-1	4	12	8	13	13
Total Current Liabilities	65	58	52	59	52	84	64	86	138	178	168
Total Liabilities	72	62	66	68	83	136	177	216	304	386	466
Fixed Assets	28	26	31	29	37	50	76	84	78	75	144
Other Non-Current Assets	12	12	10	10	12	28	5	20	43	93	59
Total Current Assets	32	25	24	29	34	59	96	112	183	219	264
Total Assets	72	62	66	68	83	136	177	216	304	386	466

Sadhana Nitro Chem Cash Flow

#(Fig in Cr.)	Jun 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	0	1	0	0	1	-15	0	5	-4	4	6
Cash Flow from Operating Activities	6	6	9	-1	9	35	53	-17	1	-5	-38
Cash Flow from Investing Activities	-2	11	-0	-0	-1	-6	-25	-22	-23	-39	-53
Cash Flow from Financing Activities	-4	-18	-9	2	-25	-13	-23	30	30	46	72
Net Cash Inflow / Outflow	0	-1	0	1	-16	16	5	-9	7	2	-19
Closing Cash & Cash Equivalent	1	0	0	1	-15	0	5	-4	4	6	-13

Sadhana Nitro Chem Ratios

#	Jun 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)	0.18	-0.03	0.17	-0.21	0.02	1.3	3.17	0.75	0.67	0.26	0.13
CEPS(Rs)	0.34	0.06	0.26	-0.12	0.1	1.38	3.29	1.05	0.93	0.52	0.44
DPS(Rs)	0	0	0	0	0	0.1	0.4	0	0	0.15	0.15
Book NAV/Share(Rs)	-0.02	-0.06	0.1	-0.1	0.44	1.92	4.36	5.95	5.06	5.28	8.79
Core EBITDA Margin(%)	7.98	-6.5	-7.58	5.24	14.69	31.72	45.13	27.79	22.68	11.1	14.81
EBIT Margin(%)	23.03	22.84	16.9	0.41	12.18	30.3	44.51	24.16	21.43	10.23	10.75
Pre Tax Margin(%)	8.92	4.22	6.1	-13.41	0.89	24.49	40.02	21.06	18.11	6.77	3.94
PAT Margin (%)	5.82	-2.05	8.22	-13.41	0.89	27.19	28.4	13.81	15.45	4.73	2.22
Cash Profit Margin (%)	11.01	4.24	12.52	-7.97	4.27	28.87	29.48	19.29	21.47	9.36	7.52
ROA(%)	5.45	-1.01	6.21	-7.39	0.67	28.41	48.47	7.47	6.13	1.8	0.75
ROE(%)	0	0	752.77	0	12.68	110.55	101.05	13.28	13.42	5.03	1.85
ROCE(%)	28.47	16.15	20.5	0.38	15.89	64.42	135.94	18.57	12.04	5.85	5.09
Receivable days	64.23	98.4	50.57	99.95	74.35	40.86	21.1	76.8	138.04	124.35	135.49
Inventory Days	59.58	137.33	81.45	91.77	81.25	60.74	42.99	159.67	209.05	231.33	275.65
Payable days	149.98	259.67	191.07	402.06	317.94	206.5	94.04	198.93	217.55	173.94	203.32
PER(x)	2.05	0	3.06	0	76.2	6.55	8.15	11.67	22.46	414.59	728.47
Price/Book(x)	-19.6	-5.25	5.05	-6.67	3.72	4.44	5.93	1.47	2.96	20.42	10.65
Dividend Yield(%)	0	0	0	0	0	0.46	0.6	0	0	0.11	0.13
EV/Net Sales(x)	0.85	1.5	1.01	1.63	1.33	1.86	2.31	10.28	4.17	20.33	17
EV/Core EBITDA(x)	9.19	-44.25	-15.01	27.07	8.3	5.78	5.07	34.7	15.2	136.74	105.89
Net Sales Growth(%)	3.53	-55.21	50.2	-25.58	54.02	106.64	134.29	-60.28	-2.84	27.82	8.82
EBIT Growth(%)	224.67	-54.95	8.24	-98.12	4434.64	400.18	243.07	-78.44	-13.82	-38.97	14.34
PAT Growth(%)	1554.61	-116.02	685.88	-224.84	110.28	6019.54	143.91	-80.68	8.69	-60.91	-48.94
EPS Growth(%)	1552.78	-116.02	686.01	-224.82	110.28	5948.37	143.9	-76.38	-11.07	-60.92	-50.6
Debt/Equity(x)	39.41	97.37	2.27	4.7	3.43	0.34	0.08	0.4	0.69	0.84	0.61
Current Ratio(x)	0.49	0.42	0.47	0.49	0.65	0.7	1.5	1.31	1.32	1.23	1.57
Quick Ratio(x)	0.3	0.22	0.29	0.33	0.34	0.44	0.92	0.7	0.84	0.66	0.88
Interest Cover(x)	1.63	1.23	1.56	0.03	1.08	5.21	9.91	7.8	6.45	2.95	1.58
Total Debt/Mcap(x)	5.97	5.64	2.25	2.14	0.92	0.08	0.01	0.22	0.23	0.04	0.06

Sadhana Nitro Chem Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.02	74.02	74.02	74.02	74.02	74.02	71.68	71.12	65.81	65.65
FII	0.21	0.21	0.21	0.08	0	0	0	0	0	0.05
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.04	0.01
Public	25.76	25.76	25.76	25.89	25.97	25.97	28.3	28.86	34.15	34.3
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	14.48	14.48	14.48	14.48	14.48	14.48	14.49	17.57	16.26	16.22
FII	0.04	0.04	0.04	0.02	0	0	0	0	0	0.01
DII	0	0	0	0	0	0	0	0	0.01	0
Public	5.04	5.04	5.04	5.07	5.08	5.08	5.72	7.13	8.44	8.47
Others	0	0	0	0	0	0	0	0	0	0
Total	19.56	19.56	19.56	19.56	19.56	19.56	20.21	24.71	24.71	24.71

Pros

Cons

Company has a low return on equity of 7% over the last 3 years.
Debtor days have increased from 173.94 to 203.32days.
Stock is trading at 7.4 times its book value.
The company has delivered a poor profit growth of -37% over past five 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.