NSEI:CNOVAPETRO

Stock Analysis Report

Executive Summary

CIL Nova Petrochemicals Limited manufactures and sells yarns in India.

Risk Analysis

Earnings have declined by -48.49% per year over past 5 years

Does not have a meaningful market cap (₹206M)

Highly volatile share price over past 3 months



Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has CIL Nova Petrochemicals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CNOVAPETRO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-21.5%

CNOVAPETRO

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

-52.7%

CNOVAPETRO

18.2%

IN Luxury

10.7%

IN Market

Return vs Industry: CNOVAPETRO underperformed the Indian Luxury industry which returned 18.2% over the past year.

Return vs Market: CNOVAPETRO underperformed the Indian Market which returned 10.7% over the past year.


Shareholder returns

CNOVAPETROIndustryMarket
7 Day-21.5%-0.5%-1.5%
30 Day-2.7%3.0%-2.7%
90 Day-16.0%9.2%1.3%
1 Year-52.7%-52.7%19.0%18.2%12.7%10.7%
3 Year-68.9%-68.9%52.2%48.8%22.0%15.1%
5 Year-39.8%-61.4%106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

How volatile is CIL Nova Petrochemicals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CIL Nova Petrochemicals undervalued compared to its fair value and its price relative to the market?

0.24x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CNOVAPETRO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CNOVAPETRO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CNOVAPETRO is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: CNOVAPETRO is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CNOVAPETRO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CNOVAPETRO is good value based on its PB Ratio (0.2x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

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

19.9%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CIL Nova Petrochemicals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has CIL Nova Petrochemicals performed over the past 5 years?

-48.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNOVAPETRO is currently unprofitable.

Growing Profit Margin: CNOVAPETRO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CNOVAPETRO is unprofitable, and losses have increased over the past 5 years at a rate of -48.5% per year.

Accelerating Growth: Unable to compare CNOVAPETRO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CNOVAPETRO is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (5.6%).


Return on Equity

High ROE: CNOVAPETRO has a negative Return on Equity (-2.9%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is CIL Nova Petrochemicals's financial position?


Financial Position Analysis

Short Term Liabilities: CNOVAPETRO's short term assets (₹735.8M) exceed its short term liabilities (₹718.7M).

Long Term Liabilities: CNOVAPETRO's short term assets (₹735.8M) exceed its long term liabilities (₹108.6M).


Debt to Equity History and Analysis

Debt Level: CNOVAPETRO's debt to equity ratio (27.4%) is considered satisfactory.

Reducing Debt: CNOVAPETRO's debt to equity ratio has reduced from 119% to 27.4% over the past 5 years.


Balance Sheet

Inventory Level: CNOVAPETRO has a high level of physical assets or inventory.

Debt Coverage by Assets: CNOVAPETRO's debt is covered by short term assets (assets are 3.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CNOVAPETRO has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if CNOVAPETRO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is CIL Nova Petrochemicals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate CNOVAPETRO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CNOVAPETRO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CNOVAPETRO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CNOVAPETRO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CNOVAPETRO's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Pradipkumar Khandelwal (57yo)

5.3yrs

Tenure

₹3,217,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Pradipkumar's total compensation ($USD44.96K) is about average for companies of similar size in the Indian market ($USD50.34K).

Compensation vs Earnings: Pradipkumar's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Pradipkumar Khandelwal
Chief Executive Officer5.3yrs₹3.22mno data
Satish Bhatt
Chief Financial Officer3.7yrs₹1.10mno data
Harsh Hirpara
Company Secretary & Compliance Officer2.2yrs₹485.00kno data
Pooransingh Mathuria
Whole-Time Director4yrs₹1.75mno data
S. Paranjape
Assistant Vice President of Marketing & Sales20.5yrsno datano data

4.5yrs

Average Tenure

54yo

Average Age

Experienced Management: CNOVAPETRO's management team is considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CIL Nova Petrochemicals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CIL Nova Petrochemicals Limited
  • Ticker: CNOVAPETRO
  • Exchange: NSEI
  • Founded: 2003
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹205.960m
  • Shares outstanding: 27.10m
  • Website: https://www.cnpcl.com

Number of Employees


Location

  • CIL Nova Petrochemicals Limited
  • Chiripal House
  • Shivranjani Cross Roads
  • Ahmedabad
  • Gujarat
  • 380015
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
533407BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2011
CNOVAPETRONSEI (National Stock Exchange of India)YesEquity SharesININRMay 2011

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 13:07
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.