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Bodal Chemicals
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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.
Bodal Chemicals share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Bodal Chemicals indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Bodal Chemicals is valued compared to its competitors.
Bodal Chemicals PE ratio helps investors understand what is the market value of each stock compared to Bodal Chemicals 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Bodal Chemicals evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Bodal Chemicals generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Bodal Chemicals in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Bodal Chemicals shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Bodal Chemicals compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Bodal Chemicals over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Bodal Chemicals helps investors get an insight into when they can enter or exit the stock. Key components of Bodal Chemicals Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Bodal Chemicals shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Bodal Chemicals ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Bodal Chemicals provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Bodal Chemicals highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Bodal Chemicals .
The balance sheet presents a snapshot of Bodal Chemicals ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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