Vishnu Chemicals

₹289.9 7.8 | 2.7%

WEBSITE BSE:516072 NSE : VISHNU CHEM 10 May, 16:01

Market Cap ₹1899 Cr.

Stock P/E 16.5

P/B 2.8

Current Price ₹289.9

Book Value ₹ 103.1

Face Value 2

52W High ₹385.3

Dividend Yield 0.14%

52W Low ₹ 248

Edit Ratio

Vishnu Chemicals Research see more...

Overview Inc. Year: 1993Industry: Chemicals

Vishnu Chemicals Ltd is in the work of marketing and the export of chromium chemicals, manufacturing, and other speciality chemicals. The Company's foremost product/services include Basic Chromium Sulphate and Sodium Bichromate. Its geographical segments consist of both inside and ouside of India. The Company produces a variety of chromium chemical compounds, which includes Potassium Dichromate, Chromic Acid, Chrome Oxide Green, Basic Chromium Sulphate (Vishnuchrome), and Sodium Dichromate. Barium Carbonate is fabricated from barium sulfate (barite) by means of reduction with pet coke and following precipitation with carbon dioxide. It has an annual ability of manufacturing over 1,000 MT of Potassium Dichromate, 70,000 MT of Sodium Dichromate, 1,000 MT of Chromic Acid, 70,000 metric ton (MT) of Basic Chromium Sulphate, ,200 MT of Sodium Saccharine and 400 MT of Vitamin K3. Its manufacturing plants are situated in Telangana, Andhra Pradesh and Chhattisgarh.

Vishnu Chemicals Share Price

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Peer Comparison

Vishnu Chemicals 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	240	298	334	359	371	325	336	301	308	304
Other Income	1	2	2	2	4	6	3	2	3	4
Total Income	242	299	336	361	375	331	339	303	311	308
Total Expenditure	207	253	282	301	312	273	275	250	262	263
Operating Profit	35	46	53	61	63	58	64	53	49	45
Interest	6	7	8	7	8	9	9	9	9	9
Depreciation	6	6	6	7	7	7	7	7	9	9
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	23	34	39	47	48	42	49	37	31	27
Provision for Tax	6	9	11	13	13	10	13	8	7	6
Profit After Tax	17	25	29	34	35	32	36	29	24	21
Adjustments	0	0	0	0	0	0	-0	0	0	0
Profit After Adjustments	17	25	29	34	35	32	36	29	24	21
Adjusted Earnings Per Share	2.8	4.1	4.8	5.7	5.9	5.3	6	4.8	3.7	3.2

Vishnu Chemicals Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	418	480	507	643	769	674	679	1069	1391	1249
Other Income	3	2	7	8	3	7	3	6	15	12
Total Income	421	482	514	651	772	681	682	1075	1406	1261
Total Expenditure	341	396	441	562	667	591	600	911	1160	1050
Operating Profit	80	86	74	90	105	90	82	163	247	211
Interest	34	37	44	49	47	39	27	28	35	36
Depreciation	12	13	16	19	21	20	20	23	26	32
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	34	36	14	22	37	30	34	112	185	144
Provision for Tax	12	15	7	8	13	8	-0	31	49	34
Profit After Tax	22	21	7	14	24	22	34	81	137	110
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	22	21	7	14	24	22	34	81	137	110
Adjusted Earnings Per Share	3.7	3.6	1.1	2.4	4.1	3.7	5.8	13.6	22.9	17.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	30%	27%	17%	0%
Operating Profit CAGR	52%	40%	22%	0%
PAT CAGR	69%	84%	58%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-6%	66%	59%	32%
ROE Average	40%	31%	25%	21%
ROCE Average	31%	22%	20%	19%

Vishnu Chemicals Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	138	166	97	111	142	160	196	277	414
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	56	65	122	171	172	174	175	206	222
Other Non-Current Liabilities	96	69	67	76	77	74	74	62	48
Total Current Liabilities	206	325	408	423	365	328	328	370	367
Total Liabilities	496	626	694	782	757	735	773	915	1051
Fixed Assets	186	202	290	349	350	338	387	463	465
Other Non-Current Assets	51	83	81	32	35	52	36	34	118
Total Current Assets	259	340	323	401	372	345	349	416	468
Total Assets	496	626	694	782	757	735	773	915	1051

Vishnu Chemicals Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	7	12	1	1	1	0	4	0	0
Cash Flow from Operating Activities	13	39	73	89	100	49	67	94	134
Cash Flow from Investing Activities	-9	-43	-98	-33	-23	-22	-52	-86	-118
Cash Flow from Financing Activities	1	4	25	-56	-78	-24	-19	-9	-16
Net Cash Inflow / Outflow	5	-1	0	0	-1	4	-4	0	0
Closing Cash & Cash Equivalent	12	11	1	1	0	4	0	0	1

Vishnu Chemicals Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.66	3.56	1.1	2.41	4.08	3.72	5.78	13.63	22.86
CEPS(Rs)	5.71	5.8	3.76	5.56	7.57	7.1	9.17	17.47	27.29
DPS(Rs)	0.4	0.2	0	0.2	0.2	0.2	0.2	0.4	0.4
Book NAV/Share(Rs)	15.23	19.83	16.23	18.64	23.84	26.79	32.84	46.35	69.37
Core EBITDA Margin(%)	17.2	16.25	12.15	12.44	13.29	12.23	11.6	14.74	16.63
EBIT Margin(%)	15.05	14.07	10.57	10.84	10.97	10.32	9.03	13.13	15.82
Pre Tax Margin(%)	7.59	6.9	2.48	3.39	4.87	4.5	5.01	10.51	13.33
PAT Margin (%)	4.86	4.09	1.2	2.21	3.17	3.3	5.08	7.61	9.82
Cash Profit Margin (%)	7.58	6.67	4.11	5.09	5.88	6.3	8.07	9.76	11.72
ROA(%)	4.41	3.79	0.99	1.96	3.17	2.98	4.57	9.64	13.89
ROE(%)	24.05	20.29	6.08	13.85	19.21	14.7	19.37	34.41	39.51
ROCE(%)	21.47	20.95	14.4	15.5	17.17	14.24	12.05	23.95	30.71
Receivable days	72.48	72	70.58	67.1	65.99	60.96	55.59	52.33	48.78
Inventory Days	93.74	101.46	114.81	98.65	88.19	107.61	107.13	61.2	49.23
Payable days	116.08	163.36	201.23	181.8	167.96	167.71	174.3	131.11	118.34
PER(x)	9.28	16.89	52.76	22.83	7.03	3.52	9.87	23.37	11.84
Price/Book(x)	2.23	3.03	3.56	2.96	1.2	0.49	1.74	6.87	3.9
Dividend Yield(%)	1.18	0.33	0	0.36	0.7	1.53	0.35	0.13	0.15
EV/Net Sales(x)	0.99	1.27	1.29	1.08	0.66	0.58	0.98	2.11	1.42
EV/Core EBITDA(x)	5.2	7.07	8.9	7.73	4.8	4.33	8.16	13.78	8.01
Net Sales Growth(%)	0	14.84	5.57	26.85	19.66	-12.46	0.77	57.51	30.12
EBIT Growth(%)	0	7.73	-21.02	22.61	19.43	-17.66	-11.84	129.01	56.82
PAT Growth(%)	0	-2.89	-69.21	120.46	68.92	-8.76	55.18	135.96	67.78
EPS Growth(%)	0	-2.89	-69.21	120.45	68.92	-8.76	55.18	135.96	67.78
Debt/Equity(x)	1.28	1.3	3.33	3.43	2.45	2.04	1.71	1.31	0.91
Current Ratio(x)	1.26	1.05	0.79	0.95	1.02	1.05	1.07	1.12	1.28
Quick Ratio(x)	0.7	0.51	0.38	0.52	0.5	0.42	0.48	0.67	0.71
Interest Cover(x)	2.02	1.96	1.31	1.45	1.8	1.77	2.25	5.01	6.35
Total Debt/Mcap(x)	0.87	0.6	0.93	1.16	2.03	4.16	0.99	0.19	0.23

Vishnu Chemicals 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	68.36	68.36	68.36
FII	0.3	0.46	0.58	1.26	1.1	0.8	0.46	1.45	0.33	0.21
DII	0	0	0	0	0	0	0	6.82	7.09	7.36
Public	24.7	24.54	24.42	23.74	23.9	24.2	24.54	23.36	24.21	24.06
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	0.9	0.9	0.9	0.9	0.9	4.48	4.48	4.48	4.48	4.48
FII	0	0.01	0.01	0.01	0.01	0.05	0.03	0.1	0.02	0.01
DII	0	0	0	0	0	0	0	0.45	0.46	0.48
Public	0.3	0.29	0.29	0.28	0.29	1.45	1.47	1.53	1.59	1.58
Others	0	0	0	0	0	0	0	0	0	0
Total	1.19	1.19	1.19	1.19	1.19	5.97	5.97	6.55	6.55	6.55

Pros

Company has delivered good profit growth of 57% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 31%
Debtor days have improved from 131.11 to 118.34days.

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.