Guj. Alkalies & Chem

₹593.9 -5.4 | 0.9%

WEBSITE BSE:530001 NSE : GUJ.ALKALI 23 Mar, 16:01

Market Cap ₹4363 Cr.

Stock P/E 7.8

P/B 0.7

Current Price ₹593.9

Book Value ₹ 845

Face Value 10

52W High ₹1044.8

Dividend Yield 1.68%

52W Low ₹ 590.8

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Guj. Alkalies & Chem Research see more...

Equity Research: Gujarat Alkalies & Chemicals

Overview Inc. Year: 1973Industry: Chemicals

Gujarat Alkalies and Chemicals Ltd is a chemical production organisation. The Company is engaged in production of various chemical merchandise, together with Caustic Soda Lye, Caustic Soda Flakes, Caustic Soda Prills, Chloromethanes, Caustic Potash Flakes, Potassium Hydroxide, Potassium Carbonate, Chlorine Gas/Liquid, Hydrochloric Acid, Phosphoric Acid, Hydrogen Peroxide, Aluminium Chloride, Poly Aluminum Chloride, Chlorinated Paraffin Wax, Sodium Chlorate and Anhydrous Aluminium Chloride. Its products are used by numerous industries, which incorporates textiles, pulp and paper, soaps and detergents, alumina, water treatment, petroleum, plastics, pharmaceuticals, agrochemicals, plant safety, refrigeration gases and epoxy. The Company exports its products to Europe, West Asia, South East Asia, Africa, Middle East/ Far East and South Asian Association for Regional Co-operation (SAARC) international locations. It has an manufacturing ability of 4,12,500 million tons/annum (MTPA) of Caustic Soda.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Guj. Alkalies & Chem Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	638	650	671	716	826	1075	1141	1128	1127	1123
Other Income	28	17	9	15	22	3	7	6	22	6
Total Income	666	668	680	732	847	1078	1148	1134	1149	1129
Total Expenditure	534	572	575	589	683	709	791	747	901	858
Operating Profit	133	96	105	142	164	369	357	388	248	271
Interest	2	2	9	2	1	1	1	2	3	8
Depreciation	43	45	44	47	49	50	52	50	60	79
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	88	50	52	93	114	318	304	336	186	184
Provision for Tax	21	16	18	30	39	116	82	114	58	70
Profit After Tax	66	34	35	64	75	202	222	222	128	114
Adjustments	-0	-0	-0	-0	-0	-0	-1	-31	-67	-27
Profit After Adjustments	66	33	35	63	75	201	221	191	61	87
Adjusted Earnings Per Share	9	4.5	4.7	8.6	10.2	27.4	30	26	8.2	11.9

Guj. Alkalies & Chem Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	1995	2070	2455	3161	2725	2429	3759	4519
Other Income	46	58	106	61	90	67	46	41
Total Income	2042	2128	2560	3222	2814	2497	3805	4560
Total Expenditure	1662	1623	1668	2046	2147	2071	2773	3297
Operating Profit	380	506	892	1176	667	426	1033	1264
Interest	10	13	15	21	14	15	6	14
Depreciation	107	111	127	140	162	174	198	241
Exceptional Income / Expenses	0	0	0	0	0	0	0	0
Profit Before Tax	263	382	750	1015	492	236	829	1010
Provision for Tax	43	73	215	326	159	69	267	324
Profit After Tax	220	309	535	689	333	167	562	686
Adjustments	-0	-1	-1	1	-1	-1	-2	-126
Profit After Adjustments	220	307	534	690	332	166	560	560
Adjusted Earnings Per Share	29.9	41.8	72.8	94	45.2	22.6	76.2	76.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	55%	6%	13%	0%
Operating Profit CAGR	142%	-4%	15%	0%
PAT CAGR	237%	-7%	13%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-24%	46%	-3%	12%
ROE Average	10%	7%	11%	10%
ROCE Average	14%	10%	15%	13%

Guj. Alkalies & Chem Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	2928	3356	3821	4296	4596	5375	5899
Minority's Interest	0	0	0	0	0	0	0
Borrowings	222	284	230	185	137	433	549
Other Non-Current Liabilities	396	387	441	543	630	735	794
Total Current Liabilities	348	409	478	508	528	611	735
Total Liabilities	3894	4435	4970	5531	5891	7154	7977
Fixed Assets	1821	2073	2104	2300	2610	2587	2702
Other Non-Current Assets	1177	1349	1591	1621	1909	3479	4182
Total Current Assets	896	1013	1275	1610	1372	1089	1094
Total Assets	3894	4435	4970	5531	5891	7154	7977

Guj. Alkalies & Chem Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	86	19	68	71	192	42	355
Cash Flow from Operating Activities	201	502	514	838	630	421	735
Cash Flow from Investing Activities	-352	-467	-395	-583	-635	-332	-805
Cash Flow from Financing Activities	84	13	-116	-136	-146	226	12
Net Cash Inflow / Outflow	-67	49	3	119	-151	315	-59
Closing Cash & Cash Equivalent	19	68	71	192	42	355	298

Guj. Alkalies & Chem Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	29.9	41.85	72.78	93.98	45.22	22.57	76.22
CEPS(Rs)	44.57	57.11	90.23	112.88	67.36	46.46	103.46
DPS(Rs)	4.5	5	6.5	8	8	8	10
Book NAV/Share(Rs)	398.68	456.95	520.31	584.93	625.8	731.87	803.32
Core EBITDA Margin(%)	15.05	19.43	31.29	35.27	21.2	14.74	26.24
EBIT Margin(%)	12.29	17.14	30.44	32.77	18.56	10.34	22.21
Pre Tax Margin(%)	11.84	16.58	29.84	32.11	18.04	9.71	22.05
PAT Margin (%)	9.91	13.4	21.29	21.79	12.22	6.87	14.95
Cash Profit Margin (%)	14.76	18.22	26.36	26.22	18.16	14.04	20.21
ROA(%)	5.65	7.41	11.38	13.12	5.83	2.56	7.43
ROE(%)	7.51	9.82	14.92	16.98	7.49	3.35	9.97
ROCE(%)	8.46	11.38	19.57	23.94	10.82	4.71	13.5
Receivable days	53.71	51.93	53.14	51.4	57.69	49.82	28.72
Inventory Days	30.38	28.1	31.61	28.69	31.33	34.7	28.11
Payable days	99.22	113.97	139.76	126.51	123.84	118.1	90.65
PER(x)	5.52	9.72	9.61	5.25	4.94	15.27	11.75
Price/Book(x)	0.41	0.89	1.34	0.84	0.36	0.47	1.12
Dividend Yield(%)	2.73	1.23	0.93	1.62	3.58	2.32	1.12
EV/Net Sales(x)	0.73	1.55	2.16	1.14	0.66	1.1	1.83
EV/Core EBITDA(x)	3.83	6.35	5.93	3.06	2.7	6.27	6.66
Net Sales Growth(%)	0	3.75	18.56	28.8	-13.82	-10.83	54.71
EBIT Growth(%)	0	44.75	93.89	35.4	-51.19	-50.31	232.23
PAT Growth(%)	0	40.3	73.51	28.7	-51.69	-49.87	236.82
EPS Growth(%)	0	39.93	73.93	29.13	-51.88	-50.09	237.74
Debt/Equity(x)	0.1	0.11	0.08	0.06	0.04	0.09	0.1
Current Ratio(x)	2.57	2.48	2.67	3.17	2.6	1.78	1.49
Quick Ratio(x)	2.04	2.06	2.11	2.71	2.15	1.41	1.01
Interest Cover(x)	27.46	30.75	51.36	49.47	36.01	16.25	135.82
Total Debt/Mcap(x)	0.24	0.12	0.06	0.07	0.12	0.2	0.09

Guj. Alkalies & Chem Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28	46.28
FII	1.48	1.33	1.36	1.36	1.48	1.52	1.82	2.05	1.98	2.07
DII	5.66	5.21	4.02	2.39	1.66	1.63	1.68	1.63	1.47	1.46
Public	46.58	47.18	48.35	49.97	50.58	50.58	50.22	50.04	50.27	50.19
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4
FII	0.11	0.1	0.1	0.1	0.11	0.11	0.13	0.15	0.15	0.15
DII	0.42	0.38	0.3	0.18	0.12	0.12	0.12	0.12	0.11	0.11
Public	3.42	3.46	3.55	3.67	3.71	3.71	3.69	3.67	3.69	3.69
Others	0	0	0	0	0	0	0	0	0	0
Total	7.34	7.34	7.34	7.34	7.34	7.34	7.34	7.34	7.34	7.34