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GHARDA CHEMICALS LIMITED

Active
Updated: 05 Nov 2024

The company is a Research and Development Company manufacturing high quality Agrochemicals, High Performance Pigments and High Performance Polymers.

Gharda Chemicals Limited, is an unlisted public company incorporated on 06 March, 1967. It is classified as a public limited company and is located in Mumbai, Maharashtra. It's authorized share capital is INR 1.50 cr and the total paid-up capital is INR 64.51 lac.

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Industry

Manufacturing (Chemicals and chemical products)
Products
  • and High Performance Polymers, Fungicides, Pigments, Insecticides, Herbicides
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
-26.47%
₹ 2,760.3
EBITDA
-62.46%
₹ 284.2
Net Profit
-82.84%
₹ 91.1
Networth
1.84%
₹ 4,429.0
Borrowings
25.75%
₹ 311.7
Assets
-0.93%
₹ 5,443.7
Gross Margin
-8.8
40.4 %
Operating Margin
-9.87
10.3 %
Net Profit Margin
-10.37
3.2 %
Return on Equity
-10.15
2.1 %
ROCE
-11.35
2.3 %
Debt to Equity
0.01
0.1
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (53)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • RECEIVABLES DETERIORATING
  • LOW ROCE
  • LOW CASH BALANCE
  • CASH DETERIORATING
  • REVENUE BELOW AVERAGE
Low Risk
  • HIGH INVENTORY
  • GROSS MARGINS DETERIORATING
  • EBITDA MARGINS DETERIORATING
  • NET MARGIN DETERIORATING
  • REVENUE DECLINE
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Peers / Similar Companies

Sharda Cropchem Limited Maharashtra
Indofil Industries Limited Maharashtra
Deccan Fine Chemicals (India) Private Limited Telangana
Matix Fertilisers And Chemicals Limited West Bengal
Crystal Crop Protection Limited Gujarat
Bayer Vapi Private Limited Gujarat

Peers

Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 2,593.1 2,638.9 3,622.7 3,753.9 2,760.3
Operating profit 653.2 620.7 795.1 757.2 284.2
Net profit 445.1 317.7 536.2 531.1 91.1
Gross margin 55.9 52.3 48.0 49.1 40.4
Operating margin 25.2 23.5 21.9 20.2 10.3
Net margin 16.5 11.8 14.4 13.6 3.2
Networth 3,069.0 3,358.6 3,858.1 4,348.8 4,429.0
Borrowings 3.7 99.9 8.1 247.9 311.7
Assets 3,716.8 4,087.9 4,778.0 5,494.6 5,443.7
Debt to equity 0.0 0.0 0.0 0.1 0.1
Current ratio 3.9 3.9 3.8 3.3 3.8
ROE 14.5 9.5 13.9 12.2 2.1
Days payable 133.0 96.0 119.0 115.0 97.0
WC days 253.0 279.0 251.0 234.0 295.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.6 0.6 0.6 0.6 0.6
Reserves 3,068.4 3,357.9 3,857.4 4,348.1 4,428.3
Borrowings + 3.7 99.9 8.1 247.9 311.7
Long term borrowings - - - 83.3 168.0
Short term borrowings 3.7 99.9 8.1 164.5 143.7
Trade payables + 417.6 332.0 614.7 600.3 437.8
Days payable 133.0 96.0 119.0 115.0 97.0
Other liabilities + 644.1 629.4 911.8 898.0 703.1
Other non-current liabilities 29.6 36.1 32.4 34.5 35.3
Other current liabilities 197.0 261.4 264.7 263.2 229.9
Total liabilities 3,716.8 4,087.9 4,778.0 5,494.6 5,443.7
Fixed Assets + 1,208.2 1,217.7 1,253.4 1,891.3 2,269.0
Tangible assets 848.9 872.5 875.1 811.4 1,234.8
CWIP 349.8 338.2 372.8 1,069.6 1,014.5
Intangible assets 9.5 7.0 5.5 10.2 19.7
LT loans and advances 9.5 91.5 3.9 3.7 4.0
Other non-current assets 86.4 69.8 144.1 167.6 128.0
Current assets + 2,412.7 2,708.9 3,376.7 3,432.1 3,042.8
Inventories 1,041.3 1,076.6 1,194.7 1,681.0 1,348.0
Trade receivables 977.2 961.1 1,357.0 1,294.8 1,425.1
Cash and cash equivalents 20.1 50.2 33.1 87.9 22.8
ST loans and advances 1.7 196.9 347.1 11.9 1.8
Other current assets 372.4 424.1 444.7 356.6 245.1
Total assets 3,716.8 4,087.9 4,778.0 5,494.6 5,443.7
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 2,593.1 2,638.9 3,622.7 3,753.9 2,760.3
Sales growth % -6.02 1.77 37.28 3.62 -26.47
Expenses + 2,095.5 2,193.4 3,001.9 3,182.2 2,673.3
Cost of goods 1,142.6 1,259.7 1,883.3 1,908.8 1,646.4
Employee cost 249.5 286.5 307.5 313.5 272.5
Other costs 547.8 472.1 636.8 774.5 557.2
Operating profit + 653.2 620.7 795.1 757.2 284.2
Operating margin % 25.2 23.5 21.9 20.2 10.3
Other income 101.2 61.2 105.5 146.8 41.5
Interest 5.9 4.4 8.1 14.5 16.6
Depreciation 149.6 170.7 166.2 170.9 180.6
Exceptional items - - - - -
Profit before tax 598.8 506.8 726.4 718.5 128.6
Tax 153.7 189.1 190.2 187.4 37.4
Profit - disc. ops - - - - -
Net profit 445.1 317.7 536.2 531.1 91.1
Net margin % 16.5 11.8 14.4 13.6 3.2
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.0 0.0 0.0 0.1 0.1
Net Debt/Equity 0.0 0.0 0.0 0.0 0.1
Total Debt/Assets 0.0 0.0 0.0 0.1 0.1
Total Assets/Equity 1.2 1.2 1.2 1.3 1.2
Liquidity +
Current Ratio 3.9 3.9 3.8 3.3 3.8
Quick Ratio 2.2 2.4 2.5 1.7 2.1
Interest Coverage 109.9 141.6 98.6 52.3 17.1
Performance
Gross Margin 55.9 52.3 48.0 49.1 40.4
Operating Margin 25.2 23.5 21.9 20.2 10.3
Net Margin 16.5 11.8 14.4 13.6 3.2
Return +
Return on Equity 14.5 9.5 13.9 12.2 2.1
Pre-tax ROCE 16.8 13.9 16.8 13.7 2.3
Return on Assets 12.0 7.8 11.2 9.7 1.7
Pre-tax ROIC 16.4 13.2 16.3 13.0 2.2
Efficiency +
Days Payable 133.0 96.0 119.0 115.0 97.0
Days Inventory 333.0 312.0 232.0 321.0 299.0
Days Receivable 138.0 133.0 137.0 126.0 188.0
Fixed Asset Turnover 2.1 2.2 2.9 2.0 1.2
Total Asset Turnover 0.7 0.7 0.8 0.7 0.5
Working Capital
Cash Conversion Cycle 338.0 349.0 250.0 332.0 390.0
Working Capital Days 253.0 279.0 251.0 234.0 295.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

IDBI Trusteeship Services Limited

No. of Loans: 1

Total Amount : 917.5 cr

2

CANARA BANK (LEAD BANK)

No. of Loans: 1

Total Amount : 340.0 cr

3

ICICI Bank Limited

No. of Loans: 1

Total Amount : 200.0 cr

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Charges

IDBI Trusteeship Services Limited
CANARA BANK (LEAD BANK)
ICICI Bank Limited

People

Designation Name DIN/PAN Tenure
Director Sivaram Swaminathan 00009900 8 years
Director Yashwant Sripad Bhave 00057170 6 years
Director Almitra Hoshang Patel 00960457 17 years
Director Sharad Pandurang Upasani 01739334 6 years
Whole-time Director Nilesh Ashok Kulkarni
Shareholder
03264622 6 years
Whole-time Director Diwakar Katapadikar Shenoy 05155840 13 years
Director Ashish Kishore Lele 06818040 3 years
CS Michael Arumugam Raj <HIDDEN> 15 years
CFO Florian Jockem Rodrigues <HIDDEN> 3 years

Company Network

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Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
Gharda Chemicals International Inc United States - -
GUJARAT INSECTICIDES LIMITED Gujarat 1980 ₹ 36.6 L
GHARDA AUSTRALIA PTY LTD Australia - -
GHARDA GENERICS INC United States - -
Gharda DO Brasil Solucoes Agricolas LTDA Brazil - -
Gharda Generics Inc. United States - -

Registered Details

CIN

U24110MH1967PLC013688

PAN

AAACG1255E

Incorporation

1967, 58.1 years

Company Email

michael@gharda.com

Paid up Capital

₹ 64.5 L

Authorised Capital

₹ 1.5 Cr

AGM

Sep 2024

Type

Public
Non-government Company

FAQ - GHARDA CHEMICALS LIMITED

What is the incorporation date of GHARDA CHEMICALS LIMITED?

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The incorporation date of GHARDA CHEMICALS LIMITED is 06 March, 1967

What is the authorized share capital of GHARDA CHEMICALS LIMITED?

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The authorized share capital of GHARDA CHEMICALS LIMITED is INR ₹ 1.5 Cr.

What is the paid-up capital of GHARDA CHEMICALS LIMITED?

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The paid-up capital of GHARDA CHEMICALS LIMITED is INR ₹ 64.5 L.

What is the registered address of GHARDA CHEMICALS LIMITED?

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The registered address of GHARDA CHEMICALS LIMITED is 48 HILL ROAD BANDRA WEST MUMBAI Maharashtra - 400050

What is the CIN number of GHARDA CHEMICALS LIMITED?

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The CIN number of GHARDA CHEMICALS LIMITED is U24110MH1967PLC013688.

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