Amines & Plasticizers Ltd

Amines & Plasticizers Ltd

₹ 301 -0.51%
03 Jul - close price
About

Amines & Plasticisers is engaged in the production of alkyl alkanolamines, morpholine, alkyl morpholine and gas treating solvents having end-use in oil refineries, natural gas plants, ammonia plants, petrochemical plants, pharmaceuticals and agrochemicals. The Company manufactures over 50 different varieties of amines and Agrochemicals. [1] [2]

Key Points

Product Portfolio
The Company manufactures over 60 different varieties of organic chemicals/amines/solvents /fertilizers. The main products manufactured are Methyl Diethonalamine (MDEA) and N Methyl Morpholine Oxide (NMMO) which are used in Petrochemicals and Oil refineries, Gas plants, and Textiles. [1]
During FY22, Co ventured into trading of molecular sieves which are used in Industrial Gases, Fuel Ethanol Production, miscellaneous petrochemicals, a liquid used in an oxygen concentrator, drying agent, packaging industries, polymer processing, and many such industries. [2]

  • Market Cap 1,655 Cr.
  • Current Price 301
  • High / Low 346 / 85.0
  • Stock P/E 42.1
  • Book Value 39.6
  • Dividend Yield 0.17 %
  • ROCE 23.2 %
  • ROE 19.7 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 7.60 times its book value
  • The company has delivered a poor sales growth of 7.23% over past five years.
  • Dividend payout has been low at 9.81% of profits over last 3 years

* 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
143 134 133 143 153 138 131 159 164 137 157 174 177
130 122 122 135 143 128 123 150 150 123 141 157 155
Operating Profit 13 12 11 7 10 11 9 9 14 14 16 17 22
OPM % 9% 9% 8% 5% 6% 8% 7% 5% 8% 10% 10% 10% 12%
1 1 2 1 1 1 0 0 0 0 1 1 0
Interest 2 2 2 2 2 3 3 2 2 3 3 3 3
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 12 10 9 5 7 8 5 5 10 10 12 13 17
Tax % 26% 25% 26% 29% 25% 26% 26% 29% 25% 25% 25% 27% 26%
9 8 7 4 5 6 4 4 8 8 9 10 13
EPS in Rs 1.55 1.40 1.26 0.66 0.99 1.02 0.68 0.67 1.41 1.38 1.69 1.73 2.35
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
192 243 300 260 295 326 455 399 442 563 593 645
178 225 278 237 267 298 421 357 389 523 551 576
Operating Profit 14 17 22 23 28 28 34 42 53 40 42 69
OPM % 7% 7% 7% 9% 10% 9% 7% 10% 12% 7% 7% 11%
1 1 1 1 2 5 3 1 5 5 1 2
Interest 9 9 10 8 6 7 8 9 10 9 10 13
Depreciation 2 2 2 2 2 3 3 3 4 4 5 5
Profit before tax 4 7 12 14 22 24 27 31 44 32 28 53
Tax % 28% 30% 33% 32% 29% 35% 35% 19% 26% 26% 26% 26%
3 5 8 10 15 15 17 25 33 24 21 39
EPS in Rs 0.57 0.92 1.40 1.78 2.81 2.81 3.14 4.50 5.95 4.32 3.79 7.14
Dividend Payout % 9% 11% 7% 11% 11% 11% 10% 7% 7% 9% 13% 7%
Compounded Sales Growth
10 Years: 10%
5 Years: 7%
3 Years: 13%
TTM: 9%
Compounded Profit Growth
10 Years: 23%
5 Years: 18%
3 Years: 6%
TTM: 88%
Stock Price CAGR
10 Years: 51%
5 Years: 56%
3 Years: 42%
1 Year: 228%
Return on Equity
10 Years: 20%
5 Years: 19%
3 Years: 16%
Last Year: 20%

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
Equity Capital 6 6 6 11 11 11 11 11 11 11 11 11
Reserves 23 27 34 37 49 62 77 97 130 152 170 207
48 48 56 53 52 45 67 58 74 72 85 85
51 61 41 39 46 67 88 65 91 75 74 83
Total Liabilities 127 141 137 140 157 185 244 232 306 310 340 386
24 29 30 29 36 40 43 75 73 84 80 80
CWIP 1 1 0 0 1 1 11 3 11 3 5 3
Investments 2 2 1 1 0 0 0 0 0 0 1 1
101 110 105 109 120 144 189 154 221 223 254 302
Total Assets 127 141 137 140 157 185 244 232 306 310 340 386

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
7 17 4 12 11 21 9 37 44 -28 3 47
-3 -6 -2 -0 -3 -1 -13 -23 -6 -4 -2 -1
-4 -10 -2 -12 -8 -16 10 -23 6 -13 1 -15
Net Cash Flow -0 1 0 -0 0 4 5 -8 44 -44 1 30

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 68 62 48 54 55 49 62 63 73 66 75 56
Inventory Days 97 77 61 63 76 98 65 84 73 81 66 74
Days Payable 109 100 56 61 72 92 83 76 100 56 52 55
Cash Conversion Cycle 55 39 54 57 60 55 43 71 47 91 90 75
Working Capital Days 85 65 72 84 79 69 61 75 70 95 110 106
ROCE % 18% 21% 24% 22% 27% 27% 25% 26% 28% 18% 15%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17%
26.83% 26.83% 26.83% 26.83% 26.83% 26.84% 26.84% 26.82% 26.83% 26.82% 26.83% 26.83%
No. of Shareholders 9,83610,68510,45810,96110,99710,54310,28110,2009,8568,8458,3708,348

Documents