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Bodal Chemicals Ltd share Price Today

Company details

78.90
81.39
65.80
100.95
6M Return -3.05%
1Y Return 9.26%
Mkt Cap.(Cr) 995.75
Volume 510,812
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 510,812

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Specialty Chemicals firm Bodal Chemicals announced Q1FY23 Result :

  • Overall business performance for Q1FY23 has been satisfactory as the company's total revenue for the quarter stood at Rs 4,627 mn, a growth of 8% on a YoY basis. Consumption of end-user industries has been on edge headed by many uncertain global events. Although, the rising raw material price has been positively reflected in our Basic Chemicals and Chlor Alkali business which has partly negated the adverse performance of the Dye Intermediate business.
  • The Dyestuff business has been growing considerably over the last few quarters. Q1FY23 revenue stood at Rs 1,503 mn compared to Rs 1,311 mn in Q1FY22, a growth of 15% on a YoY basis.
  • In Q1FY23, Dye Intermediate revenue stood at Rs 1,220 mn, as compared to Rs 1,522 mn in Q1FY22. Average prices of key products i.e. H Acid and Vinyl Sulphone have been moderated in Q1FY23 to Rs 473 per kg and Rs 290 per kg, respectively, as a result of the lackluster response from textile industries after being hurt by the high price of cotton. Although, Our basic chemical division also reported healthy performance led by higher raw material prices. In last few weeks, we are seeing some green shoots events and we anticipated a healthy performance in the upcoming quarters.
  • The Chlor Alkali business continues to flourish in Q1FY23, with revenue of Rs 855 mn driven by a healthy volume uptick and higher realization from caustic soda.
  • Our subsidiary Sener Boya has reported a notable performance whereas other Subsidiaries have reported weak performance, especially the SPS unit due to low demand for Dye Intermediate products.
  • The upgradation of the Rajpura unit is on track and is expected to be complete by Oct’22. Post completion, our Chlor Alkali business will contribute a significant pie of total revenue. On the other hand, Saykha Greenfield Project is expected to start trial run in Q1FY24.

 

 

Result PDF

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Bodal Chemicals Ltd shares SWOT Analysis

Strengths (4)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing Revenue every quarter for the past 2 quarters
  • Company with Zero Promoter Pledge

Weakness (8)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 80.7
R2 82.3
R3 83.2
Pivot

79.82

S1 78.2
S2 77.3
S3 75.8
EMA SMA
76.2
76.2
77.5
78.0
74.6
75.5
79.1
79.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-03-04 96.08 701783 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-03-04 96.32 701783 NSE
CITADEL SECURITIES INDIA MARKETS PRIVATE LIMITED Bulk Purchase 2024-03-01 89.42 667877 NSE
Name Category Shares
Sureshbhai Jayantibhai Patel PROMOTER 29.5%
Bhavin Suresh Patel PROMOTER 8.34%
Ankit Sureshbhai Patel PROMOTER 5.77%
Meenaben Sureshbhai Patel PROMOTER 4.16%
Shakuntala J Patel PROMOTER 5.3%
Rameshbhai Dahyabhai Patel PROMOTER 3.93%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Bodal Chemicals Ltd Stocks COMPARISON

Financials( in Cr) Bodal Chemicals Ltd Pidilite Industries Ltd SRF Ltd Linde India Ltd Gujarat Fluorochemicals Ltd
Price 79.16 3,138.60 2,393.85 8,267.45 3,332.25
% Change -0.16 1.01 -1.09 -0.44 0.82
Mcap Cr 995.75 159,632.02 70,959.70 70,508.12 36,604.77
Revenue TTM Cr 1,574.28 11,799.10 13,138.52 3,135.52 5,684.66
Net Profit TTM Cr 38.03 1,288.87 1,335.71 538.06 1,323.05
PE TTM 154.94 89.61 53.33 162.61 84.17
1 Year Return 9.26 19.30 2.36 88.55 10.64
ROCE 5.15 24.24 12.52 16.29 29.38
ROE 3.57 18.93 12.25 14.70 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,077.71 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,250.36 12,225.60
LAST 3M 101,874.04 -10,752.44
LAST 6M 185,874.25 -8,535.59
LAST 12M 295,924.08 102,799.24

Bodal Chemicals Ltd Information

Stock PE (TTM)
154.94
Promoter Holding
57.39%
Book Value
86.0356
ROCE
5.15%
ROE
3.57%
Description
  • Bodal Chemicals, one of the market leader of dyestuff and dye intermediates in the world is an innovative company. At present, the Company has 9 manufacturing units in Gujarat, 4 in Ahmedabad, 3 in Vadodara and 2 in Ankleshwar where products for textiles, paper, plastic, leather and many other specialty chemicals are produced. The Company is engaged in manufacturing of Dyes, Dyes Intermediates and Basic Chemicals. Bodal Chemicals Limited was originally incorporated in the name of Dintex Dyechem Limited in September, 1986. The Company is promoted by Sureshbhai J. Patel. The Company`s commercial production commenced in year, 1986. In 1993, the company diversified into the manufacture of vinyl sulphone (inst. cap. : 1800 tpa) for captive consumption, export and domestic sales and also expanded to manufacture reactive dyes (inst. cap. : 600 tpa). It came out with a public issue in Aug.`93 to part-finance the diversification project. Commercial production of vinyl sulphone commenced in Sep.`93 and that of reactive dyes commenced in Mar.`94. In 1993-94, the company entered the drug-intermediates line by producing acetyl sulphonyl chloride (ASC) and sulpholemide with an installed capacity of 50 tpm, which was increased to 100 tpm in 1995. During 2001-02 the company launched 70 new dyes in the domestic market and is expecting a satisfactory returns in the years to come. Bodal Chemicals Pvt. Ltd. was amalgamated with the Company by High Court of Gujarat in April, 2006 through the Scheme of Amalgamation and name of the Company accrodingly changed from Dintex Dyechem Ltd to Bodal Chemicals Ltd. w.e.f. 22nd May, 2006. The H. Acid Plant was commissioned in Vadodara during the FY 2007-08. The H Acid Plant got expanded by increasing its capacity to 1800 MTPA at Padra Unit in Gujarat. Milestone Organic Ltd. (Transferor Company) amalgamated with the Company and was made effective from January 01, 2007. The Company commissioned Dyes Project having manufacturing capacity of 12000 MTPA at Padra Unit, in Gujarat costing Rs 43 Crore during 2009-10. It also commissioned Rs 23 crore Beta Nephthol Plant with 6000 MTPA capacity at Padra Unit in Gujarat during May, 2009. A 450 TPD Sulphuric Acid plant was commenced at an investment of Rs. 62 crore at Dudhwada, Dist. Vadodara, during July, 2010. Multi Effect Evaporator (MEE) Plant got commissioned at an investment costing Rs 30 Crore at Dudhwada, in Vadodara during the FY 2014-15. During the financial year 2016-17, the Hon`ble Gujarat High Court approved a Scheme of Arrangement for Amalgamation between Bodal Chemicals Limited (Amalgamated Company) and its wholly owned subsidiary company Bodal Agrotech Limited (Amalgamating Company) vide its Order dated 11th November, 2016. During the financial 2018-2019, Company made further investment in Trion Chemicals Pvt. Ltd. (TCPL) of Rs 3 Crore during June, 2018 and after the said acquisition the stake of Badal Chemicals Ltd in TCPL rose to 59% and TCPL became a subsidiary company of Badal Chemicals Ltd. The Company commissioned the Dyestuff Plant expansion by 12,000 Metric Tons Per Annum (MTPA), which increased the total capacity of Dyestuff plants of the company to 29,000 MTPA. It further commissioned establishment of Co-generation power plant upgradation of 5 Mega Watts (MW). The production facility of Thionyl Chloride (TC) Plant for 36000 MTPA was commissioned in FY 2018-19. In FY 2019-20, the amalagamation of Trion Chemicals Pvt. Ltd., Wholly Owned Subsidiary of the Company with the Parent Company (Bodal Chemicals Ltd.) became effective from 01st April, 2019, through Scheme of Amalgamation. The Company acquired the Chemical Unit known as `Siel Chemical Complex (SCC)` of Mawana Sugars Ltd., located at Rajpura, Punjab, on a going concern basis during the year 2020-21. During the year 2021-22, a Scheme of Amalgamation of S P S Processors Pvt. Ltd. (subsidiary) with the Company was made effective from Appointed Date of 1st April 2021.

Registered Address

P No 123 & 124 Phase I, GIDC Vatva, Ahmedabad, Gujarat, 382445

Tel : 91-079-2583 1684/2583 4223/25835437
Email : bodal:bodal.com
Website : http://www.bodal.com
Registrar

Sharepro Services India Pvt Lt

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 524370
NSE Code : BODALCHEM
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE338D01028

FAQ’s on Bodal Chemicals Ltd Shares

You can buy Bodal Chemicals Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bodal Chemicals Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 25, 2024 03:59 PM the closing price of Bodal Chemicals Ltd was Rs.79.16.

The latest PE ratio of Bodal Chemicals Ltd as of Jun 25, 2024 03:59 PM is 154.94

The latest PB ratio of Bodal Chemicals Ltd as of Jun 25, 2024 03:59 PM is 1.09

The 52-week high of Bodal Chemicals Ltd share price is Rs. 100.95 while the 52-week low is Rs. 65.80

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 25, 2024 03:59 PM, the market cap of Bodal Chemicals Ltd stood at Rs. 995.75 Cr.

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