Archean Chemical Industries Ltd
Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt in Fiscal 2021. The company is the leading specialty marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.[1]
- Market Cap ₹ 7,653 Cr.
- Current Price ₹ 620
- High / Low ₹ 838 / 494
- Stock P/E 23.7
- Book Value ₹ 138
- Dividend Yield 0.40 %
- ROCE 27.2 %
- ROE 20.5 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 45.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.4%
Cons
- Working capital days have increased from 83.5 days to 149 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
439 | 566 | 608 | 741 | 1,130 | 1,441 | 1,330 | |
356 | 497 | 460 | 478 | 663 | 807 | 865 | |
Operating Profit | 83 | 69 | 148 | 262 | 467 | 634 | 464 |
OPM % | 19% | 12% | 24% | 35% | 41% | 44% | 35% |
6 | 121 | 8 | 14 | 13 | 44 | 47 | |
Interest | 102 | 114 | 122 | 130 | 162 | 97 | 10 |
Depreciation | 73 | 47 | 52 | 55 | 67 | 69 | 70 |
Profit before tax | -85 | 29 | -17 | 90 | 251 | 513 | 431 |
Tax % | 7% | -41% | -105% | 26% | 25% | 25% | 25% |
-79 | 41 | -36 | 67 | 189 | 384 | 322 | |
EPS in Rs | -79.16 | 21.31 | -18.50 | 34.56 | 19.58 | 31.18 | 26.12 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 8% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 22% |
TTM: | -8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 45% |
3 Years: | 70% |
TTM: | -15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 35% |
3 Years: | 34% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 10 | 19 | 19 | 19 | 19 | 25 | 25 |
Reserves | -38 | 24 | -12 | 55 | 243 | 1,408 | 1,682 |
968 | 754 | 854 | 904 | 897 | 69 | 39 | |
316 | 439 | 568 | 457 | 372 | 254 | 246 | |
Total Liabilities | 1,256 | 1,237 | 1,430 | 1,434 | 1,532 | 1,756 | 1,991 |
940 | 914 | 882 | 1,042 | 1,086 | 1,097 | 1,086 | |
CWIP | 0 | 9 | 193 | 19 | 17 | 33 | 21 |
Investments | 0 | 0 | 47 | 41 | 16 | 215 | 347 |
316 | 314 | 308 | 332 | 412 | 410 | 537 | |
Total Assets | 1,256 | 1,237 | 1,430 | 1,434 | 1,532 | 1,756 | 1,991 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
39 | 312 | 148 | 119 | 327 | 498 | 389 | |
0 | -25 | -197 | -2 | -128 | -288 | -260 | |
-87 | -252 | 26 | -110 | -224 | -212 | -91 | |
Net Cash Flow | -48 | 35 | -23 | 7 | -24 | -2 | 39 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 22 | 43 | 27 | 34 | 49 | 30 | 43 |
Inventory Days | 830 | 238 | 999 | 532 | |||
Days Payable | 1,035 | 398 | 1,689 | 415 | |||
Cash Conversion Cycle | -183 | -116 | -663 | 34 | 49 | 30 | 160 |
Working Capital Days | -70 | 9 | -34 | 31 | 52 | 50 | 149 |
ROCE % | 3% | 13% | 24% | 39% | 46% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Investor Presentation
2m - Investor Presentation for Q4 of FY 23-24 is attached.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Copy of Newspaper Publications of Financial results of the Company for the year ended 31st March 2024
- The Record Date For The Purpose Of Final Dividend For The FY 23-24 Is June 21, 2024 2d
- Corporate Action-Board approves Dividend 2d
- Outcome Of Board Meeting Held On May 14, 2024 2d
Concalls
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
Business Area[1] Archean is a leading specialty marine chemical manufacturer in India focused on producing and exporting bromine, industrial salt, and sulphate of potash across the world. Archean is the largest exporter of bromine and industrial salt in India and has amongst the lowest cost of production globally in both bromine and industrial salt.