Turns out that NACL has completed left no stone unturned.
Some top of the mind questions :
Share Pledged by Promoters 38.37%
Sudden increase in PE from (-ve) to 33.02 - any reasons? - May be due to covid-19 they got high number of export/in house order?
High set of receivables
Do we have any numbers in terms of opportunity/size of order books?
Debt in the books stands to : 255.94 cr
Management has raised 115 crores on March 2020 for growth through preferential issue
a) 27th March, 2019 (allotment of 1,09,37,500 equity shares & 2,50,00,000 warrants on preferential basis);
b) 24th March, 2020 (allotment of 2,50,00,000 equity shares upon conversion of 2,50,00,000 warrants issued and allotted on the aforesaid date i.e. 27th March, 2019)
Government of India deemed agriculture related sectors including Pesticides as essential
and pennitted operations in a limited way, based on which the Company resumed activities in its production facilities. The Company adopted number of measures to protect the health of its employees while ensuring
business continuity with minimal disruption. In assessing the recoverability of receivables, inventory and other financial assets, the Company has considered internal and external information up to the date of approval
of these standalone and consolidated financial results. The impact of the global health pandemic may be different from that of estimates as at the date of approval of these standalone and consolidated financial results
and the Company will continue to monitor closely any material changes in the emerging economic conditions
Seems like they are raising capital and ramping up for quick solutions for the existing covid-19 situation
Capital work-in-progress 3,482 (2020) | 1,517 (2019)
High number of receivables can bee seen balance sheet - does the company have a turnaround to recover them?
What about, if we compare this to peers : Bharat Rasayan, UPL?