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CIL Nova Petrochemicals

BSE:533407
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
533407
BSE
₹488M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

CIL Nova Petrochemicals Limited manufactures and sells yarns in India. The last earnings update was 71 days ago. More info.


Add to Portfolio Compare Print
  • CIL Nova Petrochemicals has significant price volatility in the past 3 months.
533407 Share Price and Events
7 Day Returns
2.9%
BSE:533407
-0.6%
IN Luxury
-1.9%
IN Market
1 Year Returns
-52.3%
BSE:533407
-4%
IN Luxury
-2.8%
IN Market
533407 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CIL Nova Petrochemicals (533407) 2.9% 0% -25.2% -52.3% -48.6% -40%
IN Luxury -0.6% 1.4% 8.8% -4% 47.5% 162.4%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • 533407 underperformed the Luxury industry which returned -4% over the past year.
  • 533407 underperformed the Market in India which returned -2.8% over the past year.
Price Volatility
533407
Industry
5yr Volatility vs Market
Related Companies

533407 Value

 Is CIL Nova Petrochemicals 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
Here we compare the current share price of CIL Nova Petrochemicals to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CIL Nova Petrochemicals.

BSE:533407 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.9%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:533407
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 35%) (48.51%))
0.973
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.973 * 8.6%)
15.92%

Discounted Cash Flow Calculation for BSE:533407 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CIL Nova Petrochemicals is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:533407 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.92%)
2019 38.81 Est @ 12.75% 33.48
2020 43.16 Est @ 11.19% 32.12
2021 47.51 Est @ 10.1% 30.50
2022 51.95 Est @ 9.33% 28.77
2023 56.52 Est @ 8.8% 27.00
2024 61.28 Est @ 8.42% 25.26
2025 66.28 Est @ 8.16% 23.57
2026 71.56 Est @ 7.98% 21.95
2027 77.18 Est @ 7.85% 20.42
2028 83.17 Est @ 7.76% 18.99
Present value of next 10 years cash flows ₹262.06
BSE:533407 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹83.17 × (1 + 7.55%) ÷ (15.92% – 7.55%)
₹1,068.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹1,068.90 ÷ (1 + 15.92%)10
₹244.01
BSE:533407 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹262.06 + ₹244.01
₹506.08
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹506.08 / 27.10
₹18.67
BSE:533407 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹18.67
Current discount Discount to share price of ₹18.00
= -1 x (₹18.00 - ₹18.67) / ₹18.67
3.6%

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

Current Discount
Amount off the current price CIL Nova Petrochemicals is available for.
Intrinsic value
4%
Share price is ₹18 vs Future cash flow value of ₹18.67
Current Discount Checks
For CIL Nova Petrochemicals to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CIL Nova Petrochemicals's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • CIL Nova Petrochemicals's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 CIL Nova Petrochemicals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CIL Nova Petrochemicals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:533407 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-0.09
BSE:533407 Share Price ** BSE (2019-04-18) in INR ₹18
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.23x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

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

** Primary Listing of CIL Nova Petrochemicals.

BSE:533407 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:533407 Share Price ÷ EPS (both in INR)

= 18 ÷ -0.09

-201.12x

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

  • CIL Nova Petrochemicals is loss making, we can't compare its value to the IN Luxury industry average.
  • CIL Nova Petrochemicals is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does CIL Nova Petrochemicals's expected growth come at a high price?
Raw Data
BSE:533407 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -201.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
27.2%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.48x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*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 CIL Nova Petrochemicals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CIL Nova Petrochemicals's assets?
Raw Data
BSE:533407 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹31.14
BSE:533407 Share Price * BSE (2019-04-18) in INR ₹18
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
BSE:533407 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533407 Share Price ÷ Book Value per Share (both in INR)

= 18 ÷ 31.14

0.58x

* Primary Listing of CIL Nova Petrochemicals.

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

  • CIL Nova Petrochemicals is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess CIL Nova Petrochemicals'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. CIL Nova Petrochemicals has a total score of 1/6, 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.

533407 Future Performance

 How is CIL Nova Petrochemicals expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover CIL Nova Petrochemicals, 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
27.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CIL Nova Petrochemicals expected to grow at an attractive rate?
  • CIL Nova Petrochemicals's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • CIL Nova Petrochemicals's earnings growth is expected to exceed the India market average.
  • Unable to compare CIL Nova Petrochemicals's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:533407 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:533407 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 27.2%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*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:533407 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:533407 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,581 -2
2018-09-30 2,642 10
2018-06-30 2,557 12
2018-03-31 2,437 127 13
2017-12-31 2,520 14
2017-09-30 2,352 12
2017-06-30 2,333 45
2017-03-31 2,217 129 50
2016-12-31 1,988 60
2016-09-30 2,004 75
2016-06-30 1,948 60
2016-03-31 2,003 318 55

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CIL Nova Petrochemicals's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if CIL Nova Petrochemicals 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:533407 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 CIL Nova Petrochemicals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533407 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -0.09
2018-09-30 0.39
2018-06-30 0.43
2018-03-31 0.47
2017-12-31 0.66
2017-09-30 0.42
2017-06-30 1.80
2017-03-31 2.30
2016-12-31 4.29
2016-09-30 5.51
2016-06-30 4.40
2016-03-31 2.87

*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 CIL Nova Petrochemicals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CIL Nova Petrochemicals'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 India 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.
CIL Nova Petrochemicals has a total score of 3/6, 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.

533407 Past Performance

  How has CIL Nova Petrochemicals 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 CIL Nova Petrochemicals's growth in the last year to its industry (Luxury).
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.
  • CIL Nova Petrochemicals does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare CIL Nova Petrochemicals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare CIL Nova Petrochemicals's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
CIL Nova Petrochemicals'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 CIL Nova Petrochemicals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533407 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,580.99 -2.44 110.82
2018-09-30 2,642.18 10.26 111.22
2018-06-30 2,556.62 11.56 108.12
2018-03-31 2,436.64 12.78 105.87
2017-12-31 2,520.22 14.30 106.34
2017-09-30 2,352.31 11.87 98.16
2017-06-30 2,333.17 45.02 90.86
2017-03-31 2,216.78 49.81 83.32
2016-12-31 1,987.64 59.86 71.42
2016-09-30 2,003.69 74.67 70.54
2016-06-30 1,947.79 59.62 67.15
2016-03-31 2,002.59 54.76 65.84
2015-12-31 2,170.03 62.83 288.49
2015-09-30 2,215.39 44.99 285.91
2015-06-30 2,353.33 42.28 60.20
2015-03-31 2,430.14 40.17 58.14
2014-12-31 2,644.88 20.32 249.99
2014-09-30 2,884.34 26.15 247.98
2014-06-30 2,981.41 30.18 244.74
2014-03-31 3,169.65 29.00 242.25
2013-12-31 2,873.06 25.80 310.33
2013-09-30 2,750.39 27.18 309.73
2013-06-30 2,878.39 28.86 310.27
2013-03-31 2,963.50 27.65 310.54
2012-12-31 3,299.39 41.03 314.53
2012-09-30 3,390.65 43.48 315.85
2012-06-30 3,434.19 43.99 43.95

*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.
  • It is difficult to establish if CIL Nova Petrochemicals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • CIL Nova Petrochemicals used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • It is difficult to establish if CIL Nova Petrochemicals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess CIL Nova Petrochemicals'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 Luxury 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.
CIL Nova Petrochemicals has a total score of 0/6, 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.

533407 Health

 How is CIL Nova Petrochemicals'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 CIL Nova Petrochemicals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CIL Nova Petrochemicals's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CIL Nova Petrochemicals's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CIL Nova Petrochemicals'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x 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 CIL Nova Petrochemicals Company Filings, last reported 3 months ago.

BSE:533407 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 842.26 236.62 18.37
2018-09-30 842.26 236.62 18.37
2018-06-30 842.85 193.56 3.54
2018-03-31 842.85 193.56 3.54
2017-12-31 831.52 232.43 17.24
2017-09-30 831.52 232.43 17.24
2017-06-30 829.90 243.68 17.07
2017-03-31 829.41 246.07 1.52
2016-12-31 623.12 340.61 15.98
2016-09-30 623.12 340.61 15.98
2016-06-30 583.39 370.40 12.23
2016-03-31 583.39 372.63 12.23
2015-12-31 548.45 487.27 17.36
2015-09-30 548.45 487.27 17.36
2015-06-30 578.63 485.65 21.28
2015-03-31 578.63 573.29 21.28
2014-12-31 553.46 659.99 17.41
2014-09-30 553.46 659.99 17.41
2014-06-30 539.78 841.50 23.66
2014-03-31 539.78 841.50 23.66
2013-12-31 528.63 825.58 17.32
2013-09-30 528.63 825.58 17.32
2013-06-30 510.79 953.87 15.59
2013-03-31 510.79 953.87 15.59
2012-12-31 501.45 946.80 29.76
2012-09-30 501.45 946.80 29.76
2012-06-30
  • CIL Nova Petrochemicals's level of debt (28.1%) 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 (156.2% vs 28.1% today).
  • Debt is well covered by operating cash flow (53.6%, greater than 20% of total debt).
  • CIL Nova Petrochemicals is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess CIL Nova Petrochemicals'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. CIL Nova Petrochemicals has a total score of 4/6, 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.

533407 Dividends

 What is CIL Nova Petrochemicals'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%
Current annual income from CIL Nova Petrochemicals dividends.
If you bought ₹2,000 of CIL Nova Petrochemicals shares you are expected to receive ₹0 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?
  • Unable to evaluate CIL Nova Petrochemicals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CIL Nova Petrochemicals's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:533407 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 Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as CIL Nova Petrochemicals has not reported any payouts.
  • Unable to verify if CIL Nova Petrochemicals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CIL Nova Petrochemicals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CIL Nova Petrochemicals has not reported any payouts.
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 CIL Nova Petrochemicals'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 CIL Nova Petrochemicals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CIL Nova Petrochemicals has a total score of 0/6, see the detailed checks below.


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

533407 Management

 What is the CEO of CIL Nova Petrochemicals'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
Pradipkumar Khandelwal
COMPENSATION ₹3,078,000
AGE 56
TENURE AS CEO 4.4 years
CEO Bio

Mr. Pradipkumar Khandelwal has been the Chief Executive Officer at CIL Nova Petrochemicals Limited since November 13, 2014.

CEO Compensation
  • Pradipkumar's compensation has increased whilst company is loss making.
  • Pradipkumar's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the CIL Nova Petrochemicals management team in years:

3.6
Average Tenure
53
Average Age
  • The tenure for the CIL Nova Petrochemicals management team is about average.
Management Team

Pradipkumar Khandelwal

TITLE
Chief Executive Officer
COMPENSATION
₹3M
AGE
56
TENURE
4.4 yrs

Satish Bhatt

TITLE
Chief Financial Officer
COMPENSATION
₹950K
AGE
53
TENURE
2.8 yrs

Harsh Hirpara

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹717K
TENURE
1.3 yrs

Pooransingh Mathuria

TITLE
Whole-Time Director
COMPENSATION
₹2M

S. Paranjape

TITLE
Assistant Vice President of Marketing & Sales
AGE
53
TENURE
19.7 yrs
Board of Directors

Jyotiprasad Chiripal

TITLE
Chairman & MD
AGE
65

Pooransingh Mathuria

TITLE
Whole-Time Director
COMPENSATION
₹2M
TENURE
3.2 yrs

Murlimanohar Goyal

TITLE
Non-Executive & Independent Director
AGE
58

Chinar Jethwani

TITLE
Independent Director
COMPENSATION
₹72K
AGE
27
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
20. Jun 18 Buy Chiripal Exim LLP Company 18. Jun 18 18. Jun 18 40,000 ₹30.03 ₹1,201,199
14. Jun 18 Buy Chiripal Exim LLP Company 13. Jun 18 13. Jun 18 50,000 ₹29.53 ₹1,476,499
12. Jun 18 Buy Chiripal Exim LLP Company 11. Jun 18 11. Jun 18 50,000 ₹27.50 ₹1,374,998
10. May 18 Buy Chiripal Exim LLP Company 08. May 18 08. May 18 50,000 ₹35.00 ₹1,749,998
09. May 18 Buy Chiripal Exim LLP Company 07. May 18 07. May 18 300,000 ₹35.00 ₹10,499,997
01. May 18 Buy Vedprakash Chiripal Individual 30. Apr 18 30. Apr 18 120,000 ₹35.04 ₹4,204,691
X
Management checks
We assess CIL Nova Petrochemicals'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. CIL Nova Petrochemicals 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.

533407 News

Simply Wall St News

533407 Company Info

Description

CIL Nova Petrochemicals Limited manufactures and sells yarns in India. The company offers partially oriented, micro-filament, draw twisted, texturized, and fully drawn yarns. It is also involved in the preparation and spinning of man-made fibers, including blended manmade fibers and others. The company also exports its products to Turkey, Spain, Italy, Germany, Peru, Tanzania, Brazil, Israel, France, Portugal, and the Middle East. CIL Nova Petrochemicals Limited was incorporated in 2003 and is based in Ahmedabad, India.

Details
Name: CIL Nova Petrochemicals Limited
533407
Exchange: BSE
Founded: 2003
₹487,800,000
27,100,000
Website: http://www.cnpcl.com
Address: CIL Nova Petrochemicals Limited
Chiripal House,
Shivranjani Cross Roads,
Ahmedabad,
Gujarat, 380015,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533407 Equity Shares Mumbai Stock Exchange IN INR 23. May 2011
NSEI CNOVAPETRO Equity Shares National Stock Exchange of India IN INR 23. May 2011
Number of employees
Current staff
Staff numbers
352
CIL Nova Petrochemicals employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:53
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.