Financials Nikhil Adhesives Limited

Equities

NIKHILAD6

INE926C01022

Specialty Chemicals

Market Closed - Bombay S.E. 11:00:59 21/06/2024 BST 5-day change 1st Jan Change
116.4 INR -1.06% Intraday chart for Nikhil Adhesives Limited -0.13% -7.77%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,102 578.9 448.4 1,738 3,310 4,474
Enterprise Value (EV) 1 1,394 887.1 786.3 1,991 3,528 4,773
P/E ratio 33.1 x 11.1 x 6.38 x 11.1 x 13.1 x 26.2 x
Yield 0.42% 0.79% 1.02% 0.4% 0.28% 0.21%
Capitalization / Revenue 0.33 x 0.13 x 0.11 x 0.35 x 0.41 x 0.6 x
EV / Revenue 0.42 x 0.2 x 0.19 x 0.41 x 0.43 x 0.64 x
EV / EBITDA 10.3 x 5.34 x 3.75 x 6.51 x 8.21 x 12.7 x
EV / FCF -1,504 x -56.7 x 36.6 x 24.4 x 242 x -140 x
FCF Yield -0.07% -1.76% 2.73% 4.1% 0.41% -0.71%
Price to Book 3.15 x 1.46 x 0.98 x 2.85 x 3.87 x 4.4 x
Nbr of stocks (in thousands) 45,943 45,943 45,943 45,943 45,943 45,953
Reference price 2 24.00 12.60 9.760 37.82 72.04 97.35
Announcement Date 08/10/18 10/09/19 07/12/20 07/09/21 18/08/22 28/08/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 3,309 4,464 4,217 4,910 8,137 7,435
EBITDA 1 135.2 166 209.5 305.8 429.9 376
EBIT 1 117.6 145.3 187.1 275.5 393.1 330.7
Operating Margin 3.55% 3.26% 4.44% 5.61% 4.83% 4.45%
Earnings before Tax (EBT) 1 43.33 74.32 91.46 211.8 339.9 235.4
Net income 1 28.56 52.15 70.23 156.5 252.6 170.4
Net margin 0.86% 1.17% 1.67% 3.19% 3.1% 2.29%
EPS 2 0.7260 1.135 1.529 3.407 5.499 3.709
Free Cash Flow 1 -0.9269 -15.65 21.49 81.64 14.58 -34.1
FCF margin -0.03% -0.35% 0.51% 1.66% 0.18% -0.46%
FCF Conversion (EBITDA) - - 10.25% 26.7% 3.39% -
FCF Conversion (Net income) - - 30.6% 52.15% 5.77% -
Dividend per Share 2 0.1000 0.1000 0.1000 0.1500 0.2000 0.2000
Announcement Date 08/10/18 10/09/19 07/12/20 07/09/21 18/08/22 28/08/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 292 308 338 253 218 299
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.16 x 1.856 x 1.613 x 0.8288 x 0.5068 x 0.7964 x
Free Cash Flow 1 -0.93 -15.7 21.5 81.6 14.6 -34.1
ROE (net income / shareholders' equity) 10.8% 14% 16.5% 29.4% 34.5% 18.2%
ROA (Net income/ Total Assets) 5.13% 5.3% 6.2% 7.17% 8.1% 6.76%
Assets 1 556.9 984.8 1,133 2,182 3,119 2,520
Book Value Per Share 2 7.630 8.620 9.940 13.30 18.60 22.10
Cash Flow per Share 2 0.7000 0.2400 0.1100 0.0700 1.060 0.7800
Capex 1 65.5 104 136 72.6 152 191
Capex / Sales 1.98% 2.32% 3.22% 1.48% 1.87% 2.57%
Announcement Date 08/10/18 10/09/19 07/12/20 07/09/21 18/08/22 28/08/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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