Advanced Enzyme Technologies Ltd

Advanced Enzyme Technologies Ltd

₹ 366 -1.23%
22 Nov - close price
About

Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes.[1]

Key Points

Market Position
The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally. [1]

  • Market Cap 4,097 Cr.
  • Current Price 366
  • High / Low 571 / 322
  • Stock P/E 37.3
  • Book Value 53.8
  • Dividend Yield 1.39 %
  • ROCE 27.6 %
  • ROE 22.3 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 28.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 31.1%

Cons

  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Earnings include an other income of Rs.43.4 Cr.
  • Promoter holding has decreased over last 3 years: -9.60%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
64.91 64.39 70.75 72.11 77.18 79.68 82.56 85.35 96.58 91.14 92.40 85.96 77.38
47.26 51.19 55.37 60.64 58.23 58.49 59.27 60.57 69.97 66.60 63.15 65.04 63.85
Operating Profit 17.65 13.20 15.38 11.47 18.95 21.19 23.29 24.78 26.61 24.54 29.25 20.92 13.53
OPM % 27.19% 20.50% 21.74% 15.91% 24.55% 26.59% 28.21% 29.03% 27.55% 26.93% 31.66% 24.34% 17.49%
1.90 1.07 5.17 1.25 2.00 3.75 2.81 51.25 0.79 3.57 -15.74 53.88 1.66
Interest 0.01 0.03 0.05 0.03 0.03 0.02 0.06 0.04 0.03 0.04 0.05 0.02 0.08
Depreciation 2.29 2.47 2.53 2.41 2.51 2.61 2.76 2.51 2.61 2.72 3.07 2.62 2.78
Profit before tax 17.25 11.77 17.97 10.28 18.41 22.31 23.28 73.48 24.76 25.35 10.39 72.16 12.33
Tax % 25.51% 25.57% 20.14% 24.32% 26.07% 25.46% 24.83% 8.17% 25.81% 24.62% 69.87% 7.07% 25.95%
12.84 8.77 14.35 7.78 13.62 16.64 17.50 67.49 18.38 19.12 3.14 67.06 9.13
EPS in Rs 1.15 0.78 1.28 0.70 1.22 1.49 1.56 6.04 1.64 1.71 0.28 6.00 0.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
141 135 125 139 173 212 222 247 283 273 312 365 347
101 107 91 103 124 162 169 170 183 200 236 260 259
Operating Profit 39 28 34 36 48 50 53 77 101 73 76 105 88
OPM % 28% 21% 27% 26% 28% 24% 24% 31% 36% 27% 24% 29% 25%
2 1 1 1 6 5 6 9 7 9 9 40 43
Interest 4 8 5 4 3 3 3 1 0 0 0 0 0
Depreciation 7 9 8 7 8 8 9 9 9 10 10 11 11
Profit before tax 31 12 23 25 44 44 47 76 98 72 74 134 120
Tax % 30% 16% 14% 18% 21% 18% 25% 24% 28% 24% 25% 19%
21 10 20 21 35 36 35 58 71 55 56 108 98
EPS in Rs 1.97 0.91 1.81 1.92 3.10 3.22 3.16 5.19 6.36 4.88 4.97 9.67 8.81
Dividend Payout % 15% 11% 6% 10% 13% 16% 19% 12% 14% 21% 20% 53%
Compounded Sales Growth
10 Years: 10%
5 Years: 10%
3 Years: 9%
TTM: 1%
Compounded Profit Growth
10 Years: 29%
5 Years: 28%
3 Years: 20%
TTM: -8%
Stock Price CAGR
10 Years: %
5 Years: 17%
3 Years: 3%
1 Year: 13%
Return on Equity
10 Years: 15%
5 Years: 16%
3 Years: 15%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 107 116 134 152 233 267 297 348 413 458 503 558 580
61 59 38 49 38 45 18 10 1 2 2 2 3
43 31 28 37 25 39 38 42 53 48 48 51 60
Total Liabilities 233 228 223 261 318 373 376 423 490 530 576 633 666
114 110 106 101 98 98 97 127 132 132 143 142 152
CWIP 0 2 5 7 8 10 7 10 7 9 11 22 21
Investments 28 28 27 53 103 120 120 121 184 189 201 256 254
91 88 84 99 108 145 151 165 166 200 220 213 238
Total Assets 233 228 223 261 318 373 376 423 490 530 576 633 666

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
18 18 33 22 21 23 35 46 84 37 50 56
-28 -7 -7 -27 -55 -22 -2 -25 -70 -14 -42 -7
8 -11 -27 4 34 -1 -33 -19 -15 -11 -12 -57
Net Cash Flow -2 -0 -1 -0 -0 -0 0 2 -1 12 -4 -8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 87 77 71 60 65 66 63 77 70 66 78 75
Inventory Days 304 363 389 393 300 234 249 245 240 295 228 268
Days Payable 151 90 74 75 50 90 66 56 85 75 54 60
Cash Conversion Cycle 240 350 386 378 316 210 246 265 226 286 252 283
Working Capital Days 120 112 126 142 153 114 120 138 110 142 132 139
ROCE % 20% 10% 14% 14% 18% 15% 15% 21% 24% 15% 15% 28%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
52.71% 52.70% 52.70% 49.88% 49.88% 49.88% 46.52% 45.92% 43.62% 43.50% 43.02% 42.95%
16.39% 18.01% 18.72% 21.68% 21.74% 21.86% 21.89% 22.27% 22.54% 23.01% 12.03% 12.63%
8.99% 6.90% 6.26% 5.60% 5.64% 5.73% 7.58% 6.49% 6.98% 7.56% 8.08% 8.02%
21.91% 22.38% 22.32% 22.86% 22.76% 22.54% 24.02% 25.34% 26.88% 25.95% 36.87% 36.40%
No. of Shareholders 84,34686,57384,37684,27781,18377,53775,05272,64273,03468,64065,22266,758

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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