Astec Lifesciences Ltd

₹ 1,051 -0.45%

21 Nov - close price

About

The Company is into manufacturing of agrochemical active ingredients (technical), bulk and formulations, intermediate products and it sells its products in India as well as exports them to approximately 24 countries.
Astec also has undertaken a number of custom synthesis projects, for its clients in Europe, Japan and the US. It is present only in business to business sale (B2B).^[1] ^[2] ^[3]

Key Points

Product Portfolio
The company offers a range of products and intermediates, including fungicides, insecticides, herbicides, and various chemical compounds, serving global customers and including triazole fungicides, heterocyclic herbicides, sulfonylurea herbicides, synthetic pyrethroids, fluorinated compounds, halides, intermediates, ketones, ethers, alcohols, and many others. ^[1]

Website BSE NSE

Market Cap ₹ 2,061 Cr.
Current Price ₹ 1,051
High / Low ₹ 1,488 / 825
Stock P/E
Book Value ₹ 149
Dividend Yield 0.00 %
ROCE -4.48 %
ROE -11.9 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 7.07 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 1.24% over past five years.
Company has a low return on equity of 5.97% over last 3 years.
Company might be capitalizing the interest cost

* 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: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

Part of BSE Allcap BSE Commodities BSE SmallCap

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	103	173	272	184	200	117	127	143	111	51	154	69	99
	81	130	207	159	166	105	122	140	114	69	141	116	118
Operating Profit	21	43	65	25	33	12	5	3	-3	-18	13	-46	-20
OPM %	21%	25%	24%	14%	17%	10%	4%	2%	-3%	-36%	8%	-67%	-20%
	1	2	7	3	4	4	3	2	1	1	2	1	2
Interest	2	3	3	4	5	6	6	6	6	6	7	7	9
Depreciation	8	9	11	9	8	9	8	9	9	9	9	9	11
Profit before tax	12	33	58	15	25	1	-6	-11	-18	-32	-1	-62	-39
Tax %	26%	25%	26%	25%	25%	31%	-20%	-26%	-24%	-24%	4%	-36%	0%
	9	25	43	11	18	1	-5	-8	-13	-24	-1	-40	-39
EPS in Rs	4.63	12.63	21.97	5.82	9.34	0.43	-2.54	-4.18	-6.85	-12.41	-0.49	-20.25	-19.66
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	174	207	267	233	299	368	431	523	555	677	628	458	372
	146	171	213	201	236	299	354	437	443	522	551	464	444
Operating Profit	28	35	54	32	63	69	76	85	112	154	77	-6	-72
OPM %	16%	17%	20%	14%	21%	19%	18%	16%	20%	23%	12%	-1%	-19%
	0	-0	-16	4	-8	12	11	12	8	10	13	6	6
Interest	7	9	13	13	12	11	12	13	5	9	21	25	29
Depreciation	12	15	13	10	14	15	19	23	26	34	34	36	38
Profit before tax	9	11	13	12	29	56	56	61	89	121	35	-62	-133
Tax %	32%	22%	-17%	59%	33%	37%	36%	23%	27%	26%	27%	-24%
	6	9	15	5	19	35	36	48	65	90	26	-47	-104
EPS in Rs	3.30	4.68	7.60	2.55	9.80	17.87	18.28	24.28	33.21	45.85	13.04	-23.93	-52.81
Dividend Payout %	23%	21%	16%	0%	15%	8%	8%	6%	5%	3%	12%	-6%

Compounded Sales Growth
10 Years:	8%
5 Years:	1%
3 Years:	-6%
TTM:	-25%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-302%

Stock Price CAGR
10 Years:	26%
5 Years:	22%
3 Years:	-8%
1 Year:	-16%

Return on Equity
10 Years:	13%
5 Years:	11%
3 Years:	6%
Last Year:	-12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	18	19	19	19	20	20	20	20	20	20	20	20	20
Reserves	87	95	116	99	119	150	183	227	290	377	400	350	272
	73	83	93	127	127	125	176	99	187	279	341	494	500
	83	88	133	85	69	119	83	226	181	221	219	112	90
Total Liabilities	261	284	362	330	334	413	461	572	678	897	979	975	882
	121	132	133	95	103	115	167	194	213	340	318	386	539
CWIP	13	6	12	20	8	42	19	24	116	23	127	165	2
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	127	146	216	215	223	256	275	354	349	534	534	424	341
Total Assets	261	284	362	330	334	413	461	572	678	897	979	975	882

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	16	15	7	-13	19	65	15	168	-8	24	75	10
	-13	-19	-19	-17	-18	-49	-52	-74	-73	-104	-113	-135
	-2	3	12	31	-1	-18	37	-95	81	80	38	125
Net Cash Flow	1	-1	-0	2	1	-3	-0	0	0	0	-0	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	131	91	142	126	135	122	103	112	123	148	90	135
Inventory Days	145	192	147	177	133	122	121	131	113	176	268	224
Days Payable	132	114	179	169	116	155	83	218	137	179	161	102
Cash Conversion Cycle	145	168	109	134	152	89	142	25	100	145	197	256
Working Capital Days	122	125	125	142	154	115	147	77	101	163	175	234
ROCE %	9%	11%	20%	12%	20%	22%	20%	20%	22%	22%	8%	-4%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	65.19%	65.29%	65.29%	66.77%	66.76%	66.76%	66.76%	66.75%	66.75%	66.75%	66.75%	66.74%
	0.29%	0.32%	0.48%	1.53%	2.19%	2.29%	1.95%	1.33%	1.28%	1.25%	1.03%	0.53%
	12.74%	12.56%	11.79%	9.82%	9.57%	10.58%	10.15%	10.16%	9.74%	7.88%	3.37%	4.50%
	21.78%	21.83%	22.45%	21.87%	21.49%	20.37%	21.13%	21.74%	22.22%	24.12%	28.85%	28.20%
No. of Shareholders	19,002	16,951	17,433	17,632	19,545	17,809	18,703	18,722	19,244	19,848	19,955	19,727

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	65.54%	67.31%	67.62%	71.33%	65.23%	65.29%	66.76%	66.75%	66.74%
	1.87%	0.77%	0.89%	0.84%	0.25%	0.32%	2.29%	1.25%	0.53%
	0.27%	2.17%	2.10%	0.51%	10.67%	12.56%	10.58%	7.88%	4.50%
	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	32.32%	29.74%	29.39%	27.32%	23.85%	21.83%	20.37%	24.12%	28.20%
No. of Shareholders	11,907	13,197	12,771	10,701	19,872	16,951	17,809	19,848	19,727

* 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.

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