Astec Lifesciences Ltd

Astec Lifesciences Ltd

₹ 1,232 -0.59%
03 May - 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]

  • Market Cap 2,416 Cr.
  • Current Price 1,232
  • High / Low 1,542 / 825
  • Stock P/E
  • Book Value 188
  • Dividend Yield 0.12 %
  • ROCE -4.51 %
  • ROE -11.9 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 6.55 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 5.96% 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.

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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
171.92 128.66 102.57 173.35 271.98 184.27 199.75 117.18 126.97 142.85 110.79 50.79 153.75
133.73 103.98 81.48 130.49 206.52 158.82 166.47 105.06 121.57 139.71 114.21 69.12 141.04
Operating Profit 38.19 24.68 21.09 42.86 65.46 25.45 33.28 12.12 5.40 3.14 -3.42 -18.33 12.71
OPM % 22.21% 19.18% 20.56% 24.72% 24.07% 13.81% 16.66% 10.34% 4.25% 2.20% -3.09% -36.09% 8.27%
1.55 0.80 0.90 1.96 6.80 2.71 3.98 3.78 2.57 1.70 0.96 0.90 2.03
Interest 1.05 1.54 1.66 2.56 3.33 3.93 4.52 5.88 6.41 6.47 6.00 6.10 6.68
Depreciation 6.54 6.52 8.17 9.07 10.66 8.94 8.18 8.81 7.77 9.40 9.17 8.72 9.02
Profit before tax 32.15 17.42 12.16 33.19 58.27 15.29 24.56 1.21 -6.21 -11.03 -17.63 -32.25 -0.96
Tax % 25.54% 25.55% 25.49% 25.46% 26.15% 25.51% 25.49% 31.40% 19.48% 25.66% 23.77% 24.50% -3.12%
23.94 12.97 9.06 24.74 43.04 11.39 18.30 0.83 -5.00 -8.21 -13.45 -24.35 -0.99
EPS in Rs 12.22 6.62 4.63 12.63 21.96 5.81 9.33 0.42 -2.55 -4.19 -6.86 -12.42 -0.50
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
165 189 252 221 298 368 431 522 555 677 628 458
138 155 200 190 236 299 354 437 443 522 551 464
Operating Profit 27 34 52 31 63 69 76 85 112 154 77 -6
OPM % 16% 18% 21% 14% 21% 19% 18% 16% 20% 23% 12% -1%
0 0 -15 -0 -8 12 11 12 8 10 13 6
Interest 7 9 12 12 12 11 12 13 5 9 21 25
Depreciation 12 14 12 10 14 15 19 23 26 34 34 36
Profit before tax 9 11 12 8 29 56 56 61 89 121 35 -62
Tax % 32% 22% -18% 95% 33% 37% 36% 23% 27% 26% 27% 24%
6 9 15 0 19 35 36 47 65 90 26 -47
EPS in Rs 3.29 4.65 7.59 0.18 9.78 17.91 18.25 24.26 33.03 45.83 13.02 -23.96
Dividend Payout % 23% 22% 16% 0% 15% 8% 8% 6% 5% 3% 12% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 1%
3 Years: -6%
TTM: -27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -281%
Stock Price CAGR
10 Years: 40%
5 Years: 18%
3 Years: 2%
1 Year: -10%
Return on Equity
10 Years: 13%
5 Years: 11%
3 Years: 6%
Last Year: -12%

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 18 19 19 19 20 20 20 20 20 20 20 20
Reserves 89 96 117 99 118 150 183 227 289 376 399 349
70 79 93 127 127 125 176 99 188 280 341 494
81 85 128 84 69 119 83 227 182 221 219 111
Total Liabilities 258 279 358 329 334 413 461 572 678 897 979 974
120 130 127 94 103 115 167 194 213 340 318 402
CWIP 13 6 12 20 8 42 19 24 116 23 127 148
Investments 1 1 1 0 0 0 0 0 0 0 0 0
124 142 217 214 223 256 275 354 349 534 533 423
Total Assets 258 279 358 329 334 413 461 572 678 897 979 974

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
15 14 3 3 19 65 15 169 -8 23 74 10
-13 -16 -14 -16 -18 -49 -52 -74 -73 -104 -112 -135
-1 2 11 15 -1 -18 37 -95 81 80 38 125
Net Cash Flow 1 -0 -0 2 1 -2 -0 0 0 0 -0 0

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 133 86 143 132 136 122 103 112 123 148 90 135
Inventory Days 133 187 143 186 133 122 121 131 113 176 268 224
Days Payable 137 120 181 179 117 156 83 219 137 180 161 102
Cash Conversion Cycle 129 153 105 140 152 88 141 24 99 145 197 256
Working Capital Days 126 135 122 150 155 115 147 77 101 163 175 234
ROCE % 9% 11% 20% 10% 20% 22% 20% 20% 22% 22% 8%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.20% 65.20% 65.19% 65.29% 65.29% 66.77% 66.76% 66.76% 66.76% 66.75% 66.75% 66.75%
0.19% 0.22% 0.29% 0.32% 0.48% 1.53% 2.19% 2.29% 1.95% 1.33% 1.28% 1.25%
10.93% 12.21% 12.74% 12.56% 11.79% 9.82% 9.57% 10.58% 10.15% 10.16% 9.74% 7.88%
23.68% 22.37% 21.78% 21.83% 22.45% 21.87% 21.49% 20.37% 21.13% 21.74% 22.22% 24.12%
No. of Shareholders 22,81721,07319,00216,95117,43317,63219,54517,80918,70318,72219,24419,848

* 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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Documents

Concalls