NSEI:BODALCHEM

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.0%

BODALCHEM

0.8%

IN Chemicals

-1.1%

IN Market


1 Year Return

-22.7%

BODALCHEM

16.3%

IN Chemicals

-1.4%

IN Market

Return vs Industry: BODALCHEM underperformed the Indian Chemicals industry which returned 16.8% over the past year.

Return vs Market: BODALCHEM underperformed the Indian Market which returned 0.2% over the past year.


Shareholder returns

BODALCHEMIndustryMarket
7 Day-3.0%0.8%-1.1%
30 Day-10.7%2.5%2.0%
90 Day-18.7%14.0%6.4%
1 Year-22.0%-22.7%18.9%16.3%0.4%-1.4%
3 Year-66.2%-67.0%36.0%27.6%-3.9%-8.6%
5 Year57.3%51.4%140.2%120.2%38.9%28.5%

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?

17.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BODALCHEM (₹60.7) is trading above our estimate of fair value (₹7.69)

Significantly Below Fair Value: BODALCHEM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BODALCHEM is poor value based on its PE Ratio (17.8x) compared to the IN Chemicals industry average (15.4x).

PE vs Market: BODALCHEM is poor value based on its PE Ratio (17.8x) compared to the Indian market (16.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BODALCHEM is good value based on its PB Ratio (0.8x) compared to the IN Chemicals industry average (1.2x).


Next Steps

Future Growth

How is Bodal Chemicals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.3%

Forecasted Materials 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 Bodal Chemicals 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 Bodal Chemicals performed over the past 5 years?

-6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BODALCHEM has high quality earnings.

Growing Profit Margin: BODALCHEM's current net profit margins (3.6%) are lower than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: BODALCHEM's earnings have declined by 6.6% per year over the past 5 years.

Accelerating Growth: BODALCHEM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BODALCHEM had negative earnings growth (-69.2%) over the past year, making it difficult to compare to the Chemicals industry average (-1.9%).


Return on Equity

High ROE: BODALCHEM's Return on Equity (4.3%) is considered low.


Next Steps

Financial Health

How is Bodal Chemicals's financial position?


Financial Position Analysis

Short Term Liabilities: BODALCHEM's short term assets (₹7.6B) exceed its short term liabilities (₹4.9B).

Long Term Liabilities: BODALCHEM's short term assets (₹7.6B) exceed its long term liabilities (₹383.4M).


Debt to Equity History and Analysis

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

Reducing Debt: BODALCHEM's debt to equity ratio has reduced from 98.5% to 27.4% over the past 5 years.

Debt Coverage: BODALCHEM's debt is not well covered by operating cash flow (3.7%).

Interest Coverage: BODALCHEM's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet


Next Steps

Dividend

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

1.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BODALCHEM's dividend (1.34%) is higher than the bottom 25% of dividend payers in the Indian market (0.55%).

High Dividend: BODALCHEM's dividend (1.34%) is low compared to the top 25% of dividend payers in the Indian market (2.29%).


Stability and Growth of Payments

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 (23.9%), BODALCHEM's dividend payments are well 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

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

7.9yrs

Average management tenure


CEO

Sureshbhai Patel (64 yo)

no data

Tenure

₹54,639,600

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: Sureshbhai's total compensation ($USD741.86K) is above average for companies of similar size in the Indian market ($USD54.82K).

Compensation vs Earnings: Sureshbhai's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Sureshbhai Patel
Chairmanno data₹54.64m34.61%
₹ 2.6b
Mayur Padhya
Chief Financial Officer7.5yrs₹5.67m0.15%
₹ 11.0m
Ashutosh Bhatt
Company Secretary & Compliance Officer8.25yrs₹1.21mno data
Bhavin Patel
Executive Director15.33yrs₹38.34m8.58%
₹ 637.1m
Ankit Patel
Executive Director12.42yrs₹38.34m5.94%
₹ 440.7m
Rakeshbhai Patel
President of Production & Technicalno data₹3.00m0.036%
₹ 2.7m
Meet Chande
Head of Investor Relationsno datano datano data
Prasad Pujari
Head of Sulphuric Products Division12.08yrsno data0.010%
₹ 742.5k
Bansibhai Patel
President of Production & Technicalno datano data0.026%
₹ 1.9m
Bipinbhai Patel
Head of Production Dyestuff Division1.58yrsno datano data
Rajarshi Ghosh
Director of Health0.42yrno datano data

7.9yrs

Average Tenure

51yo

Average Age

Experienced Management: BODALCHEM's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sureshbhai Patel
Chairmanno data₹54.64m34.61%
₹ 2.6b
Bhavin Patel
Executive Director15.33yrs₹38.34m8.58%
₹ 637.1m
Ankit Patel
Executive Director12.42yrs₹38.34m5.94%
₹ 440.7m
Rajarshi Ghosh
Director of Health0.42yrno datano data
Sunil Mehta
Independent Director13.17yrs₹155.00k0.16%
₹ 12.1m
Neha Huddar
Independent Director3.42yrs₹165.00k0.00082%
₹ 60.9k
Nalin Kumar
Independent Director3.67yrs₹180.00kno data
Ram Srivastava
Independent Director1.17yrs₹50.00kno data

8.0yrs

Average Tenure

55.5yo

Average Age

Experienced Board: BODALCHEM's board of directors are considered experienced (8 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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: ₹7.425b
  • 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 Analysis2020/10/28 12:41
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.