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.
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.
7 Day Return
1 Year Return
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.
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
6 months ago | Simply Wall StSome Chromatic India (NSE:CHROMATIC) Shareholders Have Taken A Painful 90% Share Price Drop
8 months ago | Simply Wall StHow Chromatic India Limited (NSE:CHROMATIC) Can Impact Your Portfolio Volatility
9 months ago | Simply Wall StImagine Owning Chromatic India (NSE:CHROMATIC) And Trying To Stomach The 88% Share Price Drop
Is Chromatic India undervalued compared to its fair value and its price relative to the market?
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).
How is Chromatic India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Chromatic India is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Chromatic India competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Chromatic India performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Vinod Kaushik (70yo)
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.
|Whole-Time Director||11.17yrs||₹1.27m||0.00014% ₹54.7|
|Independent Non Executive Director||3.5yrs||₹8.00k||no data|
|Non Executive & Independent Director||1.83yrs||₹2.00k||no data|
|Additional Independent Non-Executive Director||1yr||no data||no data|
Experienced Board: CHROMATIC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Chromatic India Limited's company bio, employee growth, exchange listings and data sources
- 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
- Chromatic India Limited
- 501, Maker Chamber V
- 221, Nariman Point
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|530191||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||May 2005|
|CHROMATIC||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||May 2005|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/02 13:21|
|End of Day Share Price||2020/06/02 00:00|
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.