Key Takeaways
- Wah Noble Chemicals Limited, a public company since 1983, has 9 million shares outstanding.
- Associated companies hold the largest share at 56.69%, followed by local general public with 25.74%.
- The company's performance showed fluctuations in margins from 2019 to 2025.
Wah Noble Chemicals Limited, a publicly listed company since its incorporation in 1983, has reported significant changes in its shareholding and financial performance over the years.
As of June 30, 2025, the company had 9 million shares outstanding, distributed among 1002 shareholders. Associated companies and undertakings hold a substantial 56.69% stake, while local general public holds 25.74%. Insurance companies own 9.99%, and NIT & ICP have 6.41% of the shares.
The company's financial trajectory from 2019 to 2025 has seen notable fluctuations in its margins, with a significant drop in 2019 followed by recovery in subsequent years. Gross and operating margins recovered in 2020 but dipped again in 2022 before rebounding in the following two years.
In 2019, net sales grew by 34.62% year-on-year to Rs. 2,262.83 million due to improved demand across product categories. However, this growth was tempered by a drop in gross profit margin from 18.87% in 2018 to 15.68%, despite an increase in gross profit of 11.89%.
Administrative expenses decreased by 3.56% due to lower payroll costs, while distribution expenses increased by 28.52% primarily because of higher payroll and travelling & conveyance expenses. Allowance for expected credit losses (ECL) fell by 18.48%, contributing positively to other income.
Operating profit rose by 16.32% in 2019, but the operating margin dropped from 15.26% to 13.18%. Finance costs surged by 597.58% due to higher discount rates and increased borrowings, which impacted the bottomline growth.
Net profit increased by only 1.37% in 2019 to Rs. 176.493 million, with earnings per share (EPS) rising from Rs. 19.34 to Rs. 19.61. Net profit margin fell from 10.36% in 2018 to 7.8% in 2019.
In 2020, net sales declined by 13.82%, marking a downturn after the previous year's growth. The exact figures for other financial metrics are not provided but indicate continued challenges in maintaining consistent performance.
