NSEI:CHROMATIC

Stock Analysis Report

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Executive Summary

Chromatic India Limited manufactures, trades in, and exports synthetic organic dyestuff and dyes intermediates primarily to textiles industries in India, Europe, Southeast Asia, and the United States.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Chromatic India's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

10.0%

CHROMATIC

6.2%

IN Chemicals

6.2%

IN Market


1 Year Return

-31.3%

CHROMATIC

-1.8%

IN Chemicals

-19.9%

IN Market

Return vs Industry: CHROMATIC underperformed the Indian Chemicals industry which returned -1.8% over the past year.

Return vs Market: CHROMATIC underperformed the Indian Market which returned -19.9% over the past year.


Shareholder returns

CHROMATICIndustryMarket
7 Day10.0%6.2%6.2%
30 Day-8.3%-1.1%-0.3%
90 Day0%-9.0%-13.4%
1 Year-31.3%-31.3%2.3%-1.8%-18.3%-19.9%
3 Year-76.6%-76.6%20.8%13.6%-8.2%-13.1%
5 Year-82.3%-82.3%105.3%87.6%16.4%5.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Chromatic India undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CHROMATIC (₹0.55) is trading below our estimate of fair value (₹1.71)

Significantly Below Fair Value: CHROMATIC is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: CHROMATIC 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 CHROMATIC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CHROMATIC is good value based on its PB Ratio (0x) compared to the IN Chemicals industry average (0.9x).


Next Steps

Future Growth

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

13.6%

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 Chromatic India 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 Chromatic India performed over the past 5 years?

-51.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CHROMATIC is currently unprofitable.

Growing Profit Margin: CHROMATIC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CHROMATIC is unprofitable, and losses have increased over the past 5 years at a rate of -51.3% per year.

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

Earnings vs Industry: CHROMATIC is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (10.6%).


Return on Equity

High ROE: CHROMATIC has a negative Return on Equity (-0.5%), as it is currently unprofitable.


Next Steps

Financial Health

How is Chromatic India's financial position?


Financial Position Analysis

Short Term Liabilities: CHROMATIC's short term assets (₹681.3M) do not cover its short term liabilities (₹691.8M).

Long Term Liabilities: CHROMATIC's short term assets (₹681.3M) exceed its long term liabilities (₹277.5M).


Debt to Equity History and Analysis

Debt Level: CHROMATIC's debt to equity ratio (1.3%) is considered satisfactory.

Reducing Debt: CHROMATIC's debt to equity ratio has reduced from 2.3% to 1.3% over the past 5 years.


Balance Sheet


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: Insufficient data to determine if CHROMATIC has enough cash runway based on its current free cash flow.

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


Next Steps

Dividend

What is Chromatic India's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: CHROMATIC is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CHROMATIC'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?

2.7yrs

Average board tenure


CEO

Vinod Kaushik (70yo)

11.17yrs

Tenure

₹1,269,000

Compensation

Mr. Vinod Kumar Kaushik has been a Whole-Time Director of Chromatic India Ltd. since April 1, 2009. Mr. Kaushik has about 40 years experience in the field of education. He postgraduated in mathematics. 


CEO Compensation Analysis

Compensation vs Market: Vinod's total compensation ($USD16.80K) is below average for companies of similar size in the Indian market ($USD50.27K).

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


Board Members

NamePositionTenureCompensationOwnership
Vinod Kaushik
Whole-Time Director11.17yrs₹1.27m0.00014% 54.7
Mayank Kotadia
Independent Non Executive Director3.5yrs₹8.00kno data
Siraj Shaikh
Non Executive & Independent Director1.83yrs₹2.00kno data
Hiral Bavishi
Additional Independent Non-Executive Director1yrno datano data

2.7yrs

Average Tenure

63.5yo

Average Age

Experienced Board: CHROMATIC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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

Chromatic India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chromatic India Limited
  • Ticker: CHROMATIC
  • Exchange: NSEI
  • Founded: 1987
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: ₹39.075m
  • Shares outstanding: 71.05m
  • Website: https://www.chromatic.in

Number of Employees


Location

  • Chromatic India Limited
  • 501, Maker Chamber V
  • 221, Nariman Point
  • Mumbai
  • Maharashtra
  • 400021
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
530191BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2005
CHROMATICNSEI (National Stock Exchange of India)YesEquity SharesININRMay 2005

Biography

Chromatic India Limited manufactures, trades in, and exports synthetic organic dyestuff and dyes intermediates primarily to textiles industries in India, Europe, Southeast Asia, and the United States. The company offers reactive dyestuff based on vinyl sulphone and cyanuric chloride. It also trades in chemicals and building materials. Chromatic India Limited was founded in 1987 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 13:21
End of Day Share Price2020/06/02 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.