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Yash Chemex

BSE:539939
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
539939
BSE
₹942M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Yash Chemex Limited engages in the wholesale of industrial chemicals. The last earnings update was 55 days ago. More info.


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539939 Share Price and Events
7 Day Returns
-1.9%
BSE:539939
-2.8%
IN Trade Distributors
-1.2%
IN Market
1 Year Returns
16.4%
BSE:539939
-25.5%
IN Trade Distributors
-4.2%
IN Market
539939 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yash Chemex (539939) -1.9% -4.7% -5.2% 16.4% 782.1% -
IN Trade Distributors -2.8% -6.3% -5.1% -25.5% 10.2% -62.9%
IN Market -1.2% -2.8% -3.9% -4.2% 19.1% 33.1%
1 Year Return vs Industry and Market
  • 539939 outperformed the Trade Distributors industry which returned -25.5% over the past year.
  • 539939 outperformed the Market in India which returned -4.2% over the past year.
Price Volatility
539939
Industry
5yr Volatility vs Market

539939 Value

 Is Yash Chemex undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Yash Chemex. This is due to cash flow or dividend data being unavailable. The share price is ₹93.15.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Yash Chemex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yash Chemex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:539939 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹2.24
BSE:539939 Share Price ** BSE (2019-07-22) in INR ₹93.15
India Trade Distributors Industry PE Ratio Median Figure of 95 Publicly-Listed Trade Distributors Companies 18.94x
India Market PE Ratio Median Figure of 2,833 Publicly-Listed Companies 14.48x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Yash Chemex.

BSE:539939 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:539939 Share Price ÷ EPS (both in INR)

= 93.15 ÷ 2.24

41.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yash Chemex is overvalued based on earnings compared to the IN Trade Distributors industry average.
  • Yash Chemex is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Yash Chemex's expected growth come at a high price?
Raw Data
BSE:539939 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-7.3%per year
Global Trade Distributors Industry PEG Ratio Median Figure of 80 Publicly-Listed Trade Distributors Companies 1.06x
India Market PEG Ratio Median Figure of 537 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Yash Chemex, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Yash Chemex's assets?
Raw Data
BSE:539939 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹16.80
BSE:539939 Share Price * BSE (2019-07-22) in INR ₹93.15
India Trade Distributors Industry PB Ratio Median Figure of 125 Publicly-Listed Trade Distributors Companies 0.69x
India Market PB Ratio Median Figure of 3,670 Publicly-Listed Companies 0.93x
BSE:539939 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:539939 Share Price ÷ Book Value per Share (both in INR)

= 93.15 ÷ 16.80

5.54x

* Primary Listing of Yash Chemex.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yash Chemex is overvalued based on assets compared to the IN Trade Distributors industry average.
X
Value checks
We assess Yash Chemex's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Yash Chemex has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

539939 Future Performance

 How is Yash Chemex expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Yash Chemex, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yash Chemex expected to grow at an attractive rate?
  • Yash Chemex's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Yash Chemex's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Yash Chemex's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:539939 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:539939 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -7.3%
India Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 14%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 9.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:539939 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:539939 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 990 23
2018-12-31 888 13
2018-03-31 889 -19 14
2017-12-31 892 19
2017-09-30 813 9
2017-06-30 797 7
2017-03-31 780 -22 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yash Chemex's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Yash Chemex is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:539939 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Yash Chemex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539939 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 2.24
2018-12-31 1.29
2018-03-31 1.35
2017-12-31 1.81
2017-09-30 0.80
2017-06-30 0.72
2017-03-31 0.64

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Yash Chemex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Yash Chemex's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Yash Chemex has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

539939 Past Performance

  How has Yash Chemex performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Yash Chemex's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Yash Chemex has delivered over 20% year on year earnings growth in the past 5 years.
  • Yash Chemex's 1-year earnings growth exceeds its 5-year average (65.4% vs 42.8%)
  • Yash Chemex's earnings growth has exceeded the IN Trade Distributors industry average in the past year (65.4% vs 18.2%).
Earnings and Revenue History
Yash Chemex's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Yash Chemex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539939 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 989.57 22.94 7.13
2018-12-31 888.31 13.26 7.16
2018-03-31 889.45 13.87 4.97
2017-12-31 892.31 18.97 2.99
2017-09-30 813.42 8.50 2.70
2017-06-30 796.63 7.37 3.15
2017-03-31 779.83 6.23 3.60
2016-03-31 713.86 2.82 2.49
2015-03-31 730.61 0.83 3.04
2014-03-31 691.94 0.85 2.44
2013-03-31 444.76 0.91 1.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Yash Chemex has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Yash Chemex used its assets more efficiently than the IN Trade Distributors industry average last year based on Return on Assets.
  • Yash Chemex has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Yash Chemex's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Yash Chemex has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

539939 Health

 How is Yash Chemex's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Yash Chemex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yash Chemex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Yash Chemex's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Yash Chemex's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 27.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Yash Chemex Company Filings, last reported 3 months ago.

BSE:539939 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 246.83 15.75 5.98
2018-12-31 231.90 5.43 3.00
2018-03-31 183.05 19.40 2.67
2017-12-31 135.97 20.20 0.14
2017-09-30 135.97 20.20 0.14
2017-06-30 135.97 20.20 0.14
2017-03-31 132.30 29.49 1.53
2016-03-31 100.96 38.18 1.40
2015-03-31 74.70 76.82 2.72
2014-03-31 73.78 70.88 3.94
2013-03-31 37.13 84.75 2.86
  • Yash Chemex's level of debt (6.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (96.1% vs 6.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 36x coverage).
X
Financial health checks
We assess Yash Chemex's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Yash Chemex has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

539939 Dividends

 What is Yash Chemex's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.32%
Current annual income from Yash Chemex dividends.
If you bought ₹2,000 of Yash Chemex shares you are expected to receive ₹6 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Yash Chemex's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.57%).
  • Yash Chemex's dividend is below the markets top 25% of dividend payers in India (2.29%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:539939 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:539939 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-28 0.300 0.308
2019-02-14 0.300 0.338
2018-09-05 0.140 0.182
2018-05-29 0.140 0.170
2017-11-09 0.140 0.234

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Yash Chemex has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Yash Chemex only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Yash Chemex's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Yash Chemex's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Yash Chemex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yash Chemex has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

539939 Management

 What is the CEO of Yash Chemex's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Pritesh Shah
COMPENSATION ₹1,400,000
AGE 44
TENURE AS CEO 13.1 years
CEO Bio

Mr. Pritesh Yashwantbhai Shah has been Managing Director and Director of Yash Chemex Limited since June 3, 2006. Mr. Shah has been in Export & Import Management since 1993. Mr. Shah holds B. Sc & Diploma in Export & Import Management.

CEO Compensation
  • Pritesh's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Pritesh's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Yash Chemex management team in years:

3.4
Average Tenure
57.5
Average Age
  • The tenure for the Yash Chemex management team is about average.
Management Team

Yashwantlal Shah

TITLE
Executive Chairman
COMPENSATION
₹950K
AGE
78

Pritesh Shah

TITLE
MD & Director
COMPENSATION
₹1M
AGE
44
TENURE
13.1 yrs

Kiritkumar Shah

TITLE
Chief Financial Officer
COMPENSATION
₹300K
AGE
71
TENURE
3.4 yrs

Aesha Mashru

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹204K
TENURE
2.9 yrs

Dimple Shah

TITLE
Additional Executive Director
AGE
42
Board of Directors Tenure

Average tenure and age of the Yash Chemex board of directors in years:

3.3
Average Tenure
36
Average Age
  • The tenure for the Yash Chemex board of directors is about average.
Board of Directors

Yashwantlal Shah

TITLE
Executive Chairman
COMPENSATION
₹950K
AGE
78
TENURE
3.3 yrs

Pritesh Shah

TITLE
MD & Director
COMPENSATION
₹1M
AGE
44
TENURE
13.1 yrs

Dimple Shah

TITLE
Additional Executive Director
AGE
42
TENURE
1 yrs

Jinal Shah

TITLE
Independent Non Executive Director
COMPENSATION
₹15K
AGE
30
TENURE
3.3 yrs

Angee Shah

TITLE
Independent Non Executive Director
COMPENSATION
₹13K
AGE
26
TENURE
3.3 yrs

Vrusha Patel

TITLE
Additional Independent Non-Executive Director
COMPENSATION
₹12K
AGE
24
TENURE
2.2 yrs

Aadish Shah

TITLE
Additional Director
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Yash Chemex's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Yash Chemex has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

539939 News

Simply Wall St News

539939 Company Info

Description

Yash Chemex Limited engages in the wholesale of industrial chemicals. It offers dyes intermediates, reactive dyes, and laminate chemicals. The company, through its subsidiary, YasonsChemex Care Limited, manufactures perfumes, deodorants, and dyestuffs, as well as trades in various chemicals. Yash Chemex Limited was founded in 1990 and is based in Ahmedabad, India.

Details
Name: Yash Chemex Limited
539939
Exchange: BSE
Founded: 1990
₹942,395,100
10,243,425
Website: http://www.yashchemex.com
Address: Yash Chemex Limited
411, Sigma Icon -1,
4th Floor, 132ft. Ring Road,
Ahmedabad,
Gujarat, 380015,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 539939 Equity Shares Mumbai Stock Exchange IN INR 20. Jun 2016
Number of employees
Current staff
Staff numbers
0
Yash Chemex employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 12:59
End of day share price update: 2019/07/22 00:00
Last earnings filing: 2019/05/28
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.