NSEI:BODALCHEM

Stock Analysis Report

Executive Summary

Bodal Chemicals Limited manufactures and sells dyestuffs, dyes intermediates, and other chemicals in India.

Snowflake

Fundamentals

Flawless balance sheet and good value.

Share Price & News

How has Bodal Chemicals's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.3%

BODALCHEM

2.5%

IN Chemicals

2.3%

IN Market


1 Year Return

-44.1%

BODALCHEM

12.5%

IN Chemicals

0.3%

IN Market

Return vs Industry: BODALCHEM underperformed the Indian Chemicals industry which returned 12.5% over the past year.

Return vs Market: BODALCHEM underperformed the Indian Market which returned 0.3% over the past year.


Shareholder returns

BODALCHEMIndustryMarket
7 Day-5.3%2.5%2.3%
30 Day-15.1%5.5%2.2%
90 Day-21.0%7.1%-2.7%
1 Year-43.5%-44.1%13.8%12.5%2.3%0.3%
3 Year-49.1%-50.1%34.8%30.7%20.7%14.7%
5 Year162.5%153.5%127.3%114.5%41.4%28.2%

Price Volatility Vs. Market

How volatile is Bodal Chemicals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bodal Chemicals undervalued compared to its fair value and its price relative to the market?

6.62x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: BODALCHEM (₹68.45) is trading above our estimate of fair value (₹27.41)

Significantly Undervalued: BODALCHEM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BODALCHEM is good value based on its PE Ratio (6.6x) compared to the Chemicals industry average (10.4x).

PE vs Market: BODALCHEM is good value based on its PE Ratio (6.6x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

Low PEG Ratio: BODALCHEM is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BODALCHEM is good value based on its PB Ratio (1x) compared to the IN Chemicals industry average (1.1x).


Next Steps

Future Growth

How is Bodal Chemicals forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BODALCHEM's forecast earnings growth (10.8% per year) is above the savings rate (7.6%).

Earnings vs Market: BODALCHEM's earnings (10.8% per year) are forecast to grow slower than the Indian market (18.2% per year).

High Growth Earnings: BODALCHEM's earnings are forecast to grow, but not significantly.

Revenue vs Market: BODALCHEM's revenue (5.4% per year) is forecast to grow slower than the Indian market (11.4% per year).

High Growth Revenue: BODALCHEM's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if BODALCHEM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Bodal Chemicals performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BODALCHEM's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: BODALCHEM's earnings growth over the past year (0.1%) is below its 5-year average (11.1% per year).

Earnings vs Industry: BODALCHEM earnings growth over the past year (0.1%) underperformed the Chemicals industry 9.9%.


Return on Equity

High ROE: BODALCHEM's Return on Equity (15.6%) is considered low.


Return on Assets

ROA vs Industry: BODALCHEM has a higher Return on Assets than the Chemicals industry average last year.


Return on Capital Employed

ROCE Improving: BODALCHEM's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Bodal Chemicals's financial position?


Financial Position Analysis

Short Term Liabilities: BODALCHEM's short term assets (₹6.2B) exceeds its short term liabilities (₹4.1B)

Long Term Liabilities: BODALCHEM's short term assets (6.2B) exceeds its long term liabilities (584.0M)


Debt to Equity History and Analysis

Debt Level: BODALCHEM's debt to equity ratio (20.4%) is considered satisfactory

Reducing Debt: BODALCHEM's debt to equity ratio has reduced from 292.6% to 20.4% over the past 5 years.

Debt Coverage: BODALCHEM's debt is well covered by operating cash flow (109.7%).

Interest Coverage: BODALCHEM's interest payments on its debt are well covered by EBIT (18.9x coverage).


Balance Sheet

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

Debt Coverage by Assets: BODALCHEM's debt is covered by short term assets (assets are 3.631400x debt).


Next Steps

Dividend

What is Bodal Chemicals's current dividend yield, its reliability and sustainability?

1.15%

Current Dividend Yield


Dividend Yield vs Market

company1.1%marketbottom25%0.6%markettop25%2.5%industryaverage0.9%forecastin3Years1.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BODALCHEM's dividend (1.15%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: BODALCHEM's dividend (1.15%) is low compared to the top 25% of dividend payers in the Indian market (2.5%).

Stable Dividend: BODALCHEM's dividend payments have been volatile in the past 10 years.

Growing Dividend: BODALCHEM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.6%), BODALCHEM's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.9yrs

Average management tenure


CEO

Sureshbhai Patel (63yo)

0yrs

Tenure

₹54,524,056

Compensation

Mr. Sureshbhai Jayantibhai Patel is Founder of Bodal Chemicals Pvt. Ltd. Mr. Patel has been Chairman and Managing Director of Bodal Chemicals Ltd. (formerly Dintex Dyechem Ltd.) since May 13, 2006 and serv ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Sureshbhai's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Sureshbhai's compensation has increased by more than 20% in the past year.


Management Age and Tenure

6.9yrs

Average Tenure

52yo

Average Age

Experienced Management: BODALCHEM's management team is seasoned and experienced (6.9 years average tenure).


Board Age and Tenure

7.0yrs

Average Tenure

51yo

Average Age

Experienced Board: BODALCHEM's board of directors are considered experienced (7 years average tenure).


Insider Trading

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


Recent Insider Transactions

Buy₹29,184,11001 Apr 19
Bhavin Patel
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares230,641
Max Price₹126.62
Buy₹1,474,94914 Feb 19
Ramesh Patel
EntityIndividual
Shares15,000
Max Price₹98.33
Buy₹114,73023 Jan 19
Ramesh Patel
EntityIndividual
Shares1,043
Max Price₹110.00

Ownership Breakdown


Management Team

  • Sureshbhai Patel (63yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹54.52m
  • Bhavin Patel (38yo)

    Executive Director

    • Tenure: 14.3yrs
    • Compensation: ₹41.20m
  • Ankit Patel (37yo)

    Executive Director

    • Tenure: 11.4yrs
    • Compensation: ₹40.50m
  • Bansibhai Patel (60yo)

    President of Production & Technical

    • Tenure: 0yrs
  • Ashutosh Bhatt (31yo)

    Company Secretary & Compliance Officer

    • Tenure: 7.3yrs
    • Compensation: ₹909.59k
  • Mayur Padhya (48yo)

    Chief Financial Officer

    • Tenure: 6.5yrs
    • Compensation: ₹4.69m
  • Prasad Pujari (56yo)

    Head of Sulphuric Products Division

    • Tenure: 11.1yrs
  • Rakeshbhai Patel (55yo)

    President of Production & Technical

    • Tenure: 0yrs
  • Bipinbhai Patel (52yo)

    Head of Production Dyestuff Division

    • Tenure: 0.6yrs

Board Members

  • Sureshbhai Patel (63yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹54.52m
  • Bhavin Patel (38yo)

    Executive Director

    • Tenure: 14.3yrs
    • Compensation: ₹41.20m
  • Sunil Mehta (59yo)

    Independent Director

    • Tenure: 12.2yrs
    • Compensation: ₹125.00k
  • Ankit Patel (37yo)

    Executive Director

    • Tenure: 11.4yrs
    • Compensation: ₹40.50m
  • Neha Huddar (58yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: ₹100.00k
  • Nalin Kumar (51yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: ₹100.00k
  • Ram Srivastava

    Independent Director

    • Tenure: 0.2yrs
  • Kishorkumar Radadia (51yo)

    Director of Health

    • Tenure: 0.08yrs

Company Information

Bodal Chemicals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bodal Chemicals Limited
  • Ticker: BODALCHEM
  • Exchange: NSEI
  • Founded: 1986
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₹8.386b
  • Shares outstanding: 122.33m
  • Website: https://www.bodal.com

Location

  • Bodal Chemicals Limited
  • Plot No. 123-124
  • Phase - I
  • Ahmedabad
  • Gujarat
  • 382445
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
524370BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2005
BODALCHEMNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2005

Biography

Bodal Chemicals Limited manufactures and sells dyestuffs, dyes intermediates, and other chemicals in India. The company’s dye intermediates primarily include vinyl sulphone ester, ortho anisidine vinyl sul ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 12:51
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
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.