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Sumitomo Chemical India

₹385 -2.4 | 0.6%

Market Cap ₹19215 Cr.

Stock P/E 57.9

P/B 7.4

Current Price ₹385

Book Value ₹ 51.7

Face Value 10

52W High ₹454.6

Dividend Yield 0.31%

52W Low ₹ 336.4

Overview Inc. Year: 2000Industry: Pesticides & Agrochemicals

Sumitomo Chemical India Ltd engages within the manufacture and sale of household and public health insecticides, agricultural pesticides, and animal nutrition merchandise in India and internationally. The agency operates through two segments, Agro Chemicals and Others. It gives crop protection merchandise, including insecticides, herbicides, fungicides, and miticides; plant nutrition and plant growth regulators; fumigants and rodenticides; methionine; and organic products. Sumitomo Chemical India Ltd also exports its merchandise. The company incorporated in 2000 and is based in Mumbai, India. Sumitomo Chemical India Ltd is a subsidiary of Sumitomo Chemical Company Ltd.

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Sumitomo Chemical India Share Price

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Sumitomo Chemical 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 910 707 664 986 1121 753 652 724 903 542
Other Income 8 6 7 5 11 13 16 18 25 27
Total Income 918 713 671 990 1131 766 668 742 928 569
Total Expenditure 696 581 555 798 843 633 571 644 716 476
Operating Profit 223 133 116 192 289 134 97 98 213 93
Interest 2 2 1 1 1 1 1 1 1 1
Depreciation 11 11 11 11 15 11 14 14 16 16
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 210 120 104 180 272 121 82 83 195 75
Provision for Tax 55 31 29 42 71 30 9 22 52 21
Profit After Tax 154 89 75 138 201 90 72 62 143 55
Adjustments 0 0 0 0 0 0 0 0 0 -0
Profit After Adjustments 154 89 75 138 201 90 72 62 143 55
Adjusted Earnings Per Share 3.1 1.8 1.5 2.8 4 1.8 1.4 1.2 2.9 1.1

Sumitomo Chemical India Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1913 2228 2425 2645 3061 3511 2821
Other Income 30 8 11 19 27 51 86
Total Income 1943 2236 2435 2663 3088 3562 2907
Total Expenditure 1693 1938 2090 2157 2459 2850 2407
Operating Profit 250 298 345 507 629 712 501
Interest 5 4 7 7 8 6 4
Depreciation 24 28 41 47 45 52 60
Exceptional Income / Expenses 0 -7 -31 0 0 0 0
Profit Before Tax 221 260 267 453 576 654 435
Provision for Tax 76 94 62 108 152 152 104
Profit After Tax 145 166 205 345 424 502 332
Adjustments 0 0 0 -0 0 0 0
Profit After Adjustments 145 166 205 345 424 502 332
Adjusted Earnings Per Share 5.3 6 4.1 6.9 8.5 10.1 6.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% 13% 13% 0%
Operating Profit CAGR 13% 27% 23% 0%
PAT CAGR 18% 35% 28% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -3% 9% NA% NA%
ROE Average 23% 24% 23% 22%
ROCE Average 31% 33% 29% 28%

Sumitomo Chemical India Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 954 1048 1222 1541 1927 2382
Minority's Interest 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0
Other Non-Current Liabilities 33 30 43 50 61 54
Total Current Liabilities 672 781 840 1081 1021 933
Total Liabilities 1658 1860 2105 2672 3010 3369
Fixed Assets 267 279 319 309 390 430
Other Non-Current Assets 46 39 40 58 97 151
Total Current Assets 1346 1542 1746 2304 2522 2788
Total Assets 1658 1860 2105 2672 3010 3369

Sumitomo Chemical India Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 59 74 50 93 188 57
Cash Flow from Operating Activities 47 78 221 425 222 389
Cash Flow from Investing Activities -40 -35 -118 -283 -290 -327
Cash Flow from Financing Activities 7 -65 -61 -47 -63 -73
Net Cash Inflow / Outflow 15 -23 42 96 -131 -10
Closing Cash & Cash Equivalent 74 50 93 188 57 47

Sumitomo Chemical India Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 5.28 6.04 4.1 6.92 8.49 10.06
CEPS(Rs) 6.15 7.05 4.92 7.85 9.38 11.1
DPS(Rs) 0 2.29 0.55 0.8 1 1.2
Book NAV/Share(Rs) 26.57 30 24.48 30.88 38.61 47.72
Core EBITDA Margin(%) 11.19 11.6 12.25 16.09 17.08 16.68
EBIT Margin(%) 11.54 10.51 10.01 15.17 16.56 16.66
Pre Tax Margin(%) 11.26 10.36 9.76 14.94 16.34 16.51
PAT Margin (%) 7.4 6.61 7.49 11.39 12.02 12.67
Cash Profit Margin (%) 8.61 7.72 8.99 12.92 13.29 13.98
ROA(%) 8.75 9.42 10.32 14.46 14.91 15.75
ROE(%) 19.89 21.35 20.01 25 24.42 23.31
ROCE(%) 23.48 25.94 23.9 33.31 33.66 30.65
Receivable days 102.66 89 101.59 102.15 87.59 82.4
Inventory Days 113.36 93.88 84.74 80.75 87.63 84.12
Payable days 175.76 142.73 120.74 132.94 117.2 88.9
PER(x) 0 0 44.73 42.04 52.98 42.27
Price/Book(x) 0 0 7.49 9.42 11.64 8.91
Dividend Yield(%) 0 0 0.3 0.28 0.22 0.28
EV/Net Sales(x) 0.11 0.11 3.74 5.4 7.3 5.96
EV/Core EBITDA(x) 0.84 0.81 26.24 28.16 35.58 29.38
Net Sales Growth(%) 0 16.5 8.81 9.08 15.74 14.69
EBIT Growth(%) 0 16.44 3.81 68.21 26.83 13.14
PAT Growth(%) 0 14.25 23.46 68.74 22.62 18.57
EPS Growth(%) 0 14.25 -32.08 68.69 22.66 18.57
Debt/Equity(x) 0.01 0.02 0 0 0 0
Current Ratio(x) 2 1.97 2.08 2.13 2.47 2.99
Quick Ratio(x) 1.1 1.1 1.38 1.43 1.55 2.03
Interest Cover(x) 42.11 70.93 38.61 66.45 73.17 106.41
Total Debt/Mcap(x) 0 0 0 0 0 0

Sumitomo Chemical India Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 75 75 75 75 75 75 75 75 75 75
FII 1.36 1.69 1.9 2.05 2.44 2.4 2.51 2.58 2.61 2.75
DII 6.17 6.35 6.7 6.4 5.52 5.51 5.5 6.07 6.02 6.64
Public 17.47 16.95 16.4 16.55 17.03 17.09 16.98 16.35 16.36 15.62
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 28% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Debtor days have improved from 117.2 to 88.9days.
  • Company is almost debt free.

Cons

  • Stock is trading at 7.4 times its book value.

* 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.

Sumitomo Chemical India News

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