Khaitan Chemicals & Fertilizers Ltd
Q1 FY21 RESULTS REVIEW
Management
Shailesh Khaitan : Chairman & Managing Director
Utsav Khaitan : Whole Time Director
COMPANY OVERVIEW
Khaitan Chemicals & Fertilizers Ltd. is engaged in the manufacturing and selling of single super phosphate and sulphuric acid, processing of oil seed (mainly soybean) and crude edible oil, selling of de-oiled cake and crude/ refined oil and generation and selling of wind power.
The Company operates in two segments: fertilizers and chemicals and soya.
The Company manufactures single super phosphate under the Khaitan Khad brand.
The Company also manufactures Oleum 65%, Oleum 25% and Liquid SO3, which are used as intermediate products for manufacture of dyes and Chemicals and also used as sulphating and sulphonating agent, as a dehydrating agent .
|
Khaitan Chemicals and Fertilizers (in Rs. Cr.) |
Jun '20 |
Mar '20 |
Dec '19 |
Sep '19 |
Jun '19 |
YOY |
QOQ |
|
Net Sales |
129.13 |
95.38 |
105.33 |
129.94 |
106.47 |
21.28 |
35.38 |
|
Raw Materials |
52.03 |
51.86 |
72.12 |
69.33 |
63.57 |
-18.15 |
0.33 |
|
Traded Goods |
0.04 |
0.09 |
0.17 |
1.85 |
31.21 |
-99.87 |
-55.56 |
|
Increase/Decrease in Stocks |
25.82 |
0.94 |
-13.23 |
12.87 |
-33.71 |
-176.59 |
2646.81 |
|
Employees Cost |
5.75 |
5.55 |
5.85 |
5.65 |
5.43 |
5.89 |
3.6 |
|
depreciation |
2.06 |
1.72 |
2.28 |
2.16 |
2.35 |
-12.34 |
19.77 |
|
Other Expenses |
28.54 |
24.62 |
29.96 |
27.88 |
29.19 |
-2.23 |
15.92 |
|
P/L Before Other Inc. , Int., Excpt. Items & Tax |
14.9 |
10.61 |
8.17 |
10.2 |
8.43 |
76.75 |
40.43 |
|
Other Income |
0.14 |
0.08 |
1.7 |
0.2 |
0.28 |
-50 |
75 |
|
P/L Before Int., Excpt. Items & Tax |
15.04 |
10.69 |
9.87 |
10.4 |
8.71 |
72.68 |
40.69 |
|
Interest |
4.13 |
3.3 |
4.84 |
4.9 |
5.06 |
-18.38 |
25.15 |
|
P/L Before Tax |
10.91 |
7.39 |
5.03 |
5.5 |
3.65 |
198.9 |
47.63 |
|
Tax |
3.94 |
1.41 |
1.91 |
1.94 |
1.3 |
203.08 |
179.43 |
|
Net Profit |
6.98 |
5.97 |
3.12 |
3.57 |
2.35 |
197.02 |
16.92 |
|
Equity |
9.7 |
9.7 |
9.7 |
9.7 |
9.7 |
0 |
0 |
|
Basic EPS |
0.72 |
0.62 |
0.32 |
0.37 |
0.24 |
200 |
16.13 |
|
MP |
17.45 |
||||||
|
PE |
6.059028 |
VOLUME 67,246
BUY 1031.00
SELL 1149.00
|
Annual |
Mar-20 |
Mar-19 |
Mar-18 |
Mar-17 |
Mar-16 |
|
Sales |
437 |
372 |
353 |
358 |
392 |
|
Other Income |
2 |
0 |
1 |
3 |
1 |
|
Total Income |
439 |
373 |
354 |
362 |
394 |
|
Total Expenditure |
399 |
338 |
325 |
328 |
361 |
|
EBIT |
39 |
34 |
28 |
33 |
33 |
|
Interest |
18 |
22 |
26 |
31 |
29 |
|
Tax |
6 |
4 |
0 |
0 |
1 |
|
Net Profit |
15 |
7 |
1 |
1 |
1 |
05.08.2020
Khaitan Chem Standalone June 2020 Net Sales at Rs 129.13 crore, up 21.29% Y-o-Y
23.06.2020
Khaitan Chem Standalone March 2020 Net Sales at Rs 95.38 crore, up 8.1% Y-o-Y
06.11.2019
Khaitan Chem Standalone September 2019 Net Sales at Rs 129.94 crore, up 9.46% Y-o-Y
12.08.2019
Khaitan Chem Standalone June 2019 Net Sales at Rs 106.47 crore, up 25.82% Y-o-Y
STRENGTHS
Company with high TTM EPS Growth
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Increasing profits every quarter for the past 2 quarters
Annual Net Profits improving for last 2 years
Recent Results : Growth in Operating Profit with increase in operating margins (YoY)
WEAKNESSES
Negative Breakdown First Support (LTP < S1)
Companies with High Promoter Pledge
OPPORTUNITIES
Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
Profit making Companies with High ROCE and Low PE
Highest Recovery from 52 Week Low
Stock with Low PE (PE < = 10)
THREAT
Increasing Trend in Non-Core Income
CHART
APRIL,2020 LOWEST PRICE LEVEL.
THEREAFTER,CONTINUOUSLY RISING
WEEKLY TECHNICAL RATING
TECHNICAL RATING
Very Bullish
Moving Averages
Technical Indicators
Moving Averages Crossovers
Valuation
Market Cap (Rs Cr.)
169.25
P/E
8.6
Book Value (Rs)
15.78
Dividend (%)
20
Market Lot
1
Industry P/E
10.13
EPS (TTM)
2.03
P/C
6.02
Price/Book
1.11
Dividend Yield.(%)
1.15
Face Value (RS)
1
Deliverables (%)
88.24
|
Historical Prices |
|||
|
3M BEF |
Current Price |
%Gain / Loss |
|
|
Open Price |
7.3 |
17.9 |
145.21 |
|
1 YR BEF |
|||
|
Open Price |
6.5 |
17.9 |
175.38 |
|
2YR BEF |
|||
|
Open Price |
12.05 |
17.9 |
48.55 |
|
3YR BEF |
|||
|
Open Price |
13.35 |
17.9 |
34.08 |
Dividend Summary
For the year ending March 2020 Khaitan Chemicals and Fertilizers has declared an equity dividend of 20.00% amounting to Rs 0.2 per share. At the current share price of Rs NT* this results in a dividend yield of 0%.
The company has a good dividend track report and has consistently declared dividends for the last 5 years.
|
Share Holding Pattern in (%) |
||||
|
Standalone |
Jun-20 |
Mar-20 |
Dec-19 |
Sep-19 |
|
Promoters |
74.99 |
74.99 |
74.99 |
74.99 |
|
Pledged |
54.99 |
54.99 |
54.99 |
54.99 |
|
FII/FPI |
0 |
0 |
0 |
0 |
|
Total DII |
4.27 |
4.14 |
4.17 |
4.1 |
|
Fin.Insts |
0 |
0 |
0.01 |
0 |
|
Insurance Co |
0 |
0 |
0 |
0 |
|
MF |
0 |
0 |
0 |
0 |
|
Others DIIs |
4.27 |
4.14 |
4.16 |
4.1 |
|
Others |
20.73 |
20.86 |
20.82 |
20.9 |
|
Total |
99.99 |
99.99 |
99.98 |
99.99 |
|
Margin Ratios |
Mar-20 |
|
Gross Profit Margin (%) |
11 |
|
Operating Margin (%) |
9 |
|
Net Profit Margin (%) |
3 |
|
Return Ratios |
Mar-20 |
|
Return on Networth / Equity (%) |
10 |
|
ROCE (%) |
22 |
|
Return On Assets (%) |
4 |
|
Leverage Ratios |
Mar-20 |
|
Debt to Equity (x) |
1 |
|
Interest Coverage Ratios (%) |
2 |
|
Growth Ratios |
Mar-20 |
|
3 Yr CAGR Sales (%) |
11 |
|
3 Yr CAGR Net Profit (%) |
203 |
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