Andhra Petrochemicals Ltd

₹ 91.9 -0.09%

25 Apr 4:01 p.m.

About

The Co. is a JV company promoted by The Andhra Pradesh Industrial Development Corporation and The Andhra Sugars Ltd. The Company is in the manufacturing of Oxo-Alcohols in India employing the state-of-the-art technology "Selector-30" provided by Davy Process Technology, London, UK. ^[1]

Key Points

Product Offerings
2 Ethyl Hexanol: Application in resins, animal fats, vegetable oils, dyestuffs & coating industries. The main application is as a feedstock in the manufacture of Di-Octyl Phthalate (DOP or DEHP).
Butanols: The Co. provides two types of butanols under the segment:
i) Normal Butanol: Used in Coatings Textiles, Intermediate for glycol ethers, Flotation agents, Cleaners and floor polishes, Additives in gasoline, Chemical intermediate (esters, alkylamines), etc.
ii) IsoButanol: Used in Flotation agents, Floor polishes, Additives in gasoline, Agricultural chemicals intermediate, etc. ^[1] ^[2]

Website BSE

Market Cap ₹ 781 Cr.
Current Price ₹ 91.9
High / Low ₹ 116 / 57.0
Stock P/E 30.6
Book Value ₹ 59.1
Dividend Yield 1.63 %
ROCE 6.40 %
ROE 4.05 %
Face Value ₹ 10.0

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Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%
Company has been maintaining a healthy dividend payout of 30.1%

Cons

The company has delivered a poor sales growth of 5.61% over past five years.
Earnings include an other income of Rs.24.6 Cr.

* 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

Figures in Rs. Crores

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	155.61	218.34	244.07	242.65	240.96	237.70	245.91	92.20	182.44	162.44	190.67	180.64	138.91
	113.33	140.99	144.06	140.65	163.71	207.66	204.69	111.09	178.79	153.79	189.20	168.92	126.27
Operating Profit	42.28	77.35	100.01	102.00	77.25	30.04	41.22	-18.89	3.65	8.65	1.47	11.72	12.64
OPM %	27.17%	35.43%	40.98%	42.04%	32.06%	12.64%	16.76%	-20.49%	2.00%	5.33%	0.77%	6.49%	9.10%
	1.20	0.91	2.13	4.30	3.38	4.71	3.63	4.68	4.42	5.94	5.87	6.45	6.36
Interest	2.23	2.33	2.12	2.13	2.20	2.15	2.16	2.15	2.16	2.17	2.17	2.14	2.18
Depreciation	3.53	3.48	3.49	3.53	3.56	3.56	3.57	3.72	4.07	4.02	3.68	3.72	3.72
Profit before tax	37.72	72.45	96.53	100.64	74.87	29.04	39.12	-20.08	1.84	8.40	1.49	12.31	13.10
Tax %	35.05%	35.13%	34.99%	14.07%	26.14%	23.55%	25.28%	21.31%	47.83%	28.21%	20.13%	31.19%	25.04%
	24.50	47.00	62.74	86.49	55.30	22.21	29.23	-15.80	0.96	6.02	1.18	8.47	9.82
EPS in Rs	2.88	5.53	7.38	10.18	6.51	2.61	3.44	-1.86	0.11	0.71	0.14	1.00	1.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	597	563	259	140	334	329	520	666	456	566	965	683	673
	526	535	275	170	345	316	453	557	423	429	656	648	638
Operating Profit	71	28	-16	-30	-11	13	66	109	32	137	309	35	34
OPM %	12%	5%	-6%	-21%	-3%	4%	13%	16%	7%	24%	32%	5%	5%
	8	-1	5	1	8	1	2	3	3	4	15	19	25
Interest	13	9	6	10	13	16	12	6	2	9	9	9	9
Depreciation	23	14	13	9	10	9	9	10	13	14	14	15	15
Profit before tax	44	5	-30	-47	-26	-11	47	95	21	118	301	29	35
Tax %	33%	33%	15%	6%	10%	32%	2%	26%	35%	35%	25%	30%
	30	3	-26	-45	-24	-7	46	70	14	76	227	20	25
EPS in Rs	3.53	0.37	-3.02	-5.24	-2.79	-0.87	5.47	8.22	1.63	9.00	26.68	2.40	3.01
Dividend Payout %	14%	0%	0%	0%	0%	0%	0%	18%	0%	17%	11%	62%

Compounded Sales Growth
10 Years:	2%
5 Years:	6%
3 Years:	14%
TTM:	-11%

Compounded Profit Growth
10 Years:	16%
5 Years:	-15%
3 Years:	14%
TTM:	-30%

Stock Price CAGR
10 Years:	25%
5 Years:	11%
3 Years:	12%
1 Year:	47%

Return on Equity
10 Years:	15%
5 Years:	26%
3 Years:	28%
Last Year:	4%

Balance Sheet

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	85	85	85	85	85	85	85	85	85	85	85	85	85
Reserves	128	131	105	59	32	28	73	142	138	219	419	420	417
	64	63	48	77	79	111	71	14	85	79	88	88	84
	47	51	54	44	46	40	18	20	29	64	51	43	45
Total Liabilities	323	331	292	265	243	264	247	261	337	446	642	636	632
	237	224	212	200	192	184	181	172	247	235	224	221	214
CWIP	0	0	0	0	0	0	1	0	0	0	7	0	1
Investments	5	5	15	15	14	8	5	21	32	150	118	45	47
	81	101	65	49	36	73	59	68	58	61	294	370	369
Total Assets	323	331	292	265	243	264	247	261	337	446	642	636	632

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	37	14	13	-32	-17	-14	60	79	41	125	177	-65
	1	2	-10	1	-1	12	-8	-15	-15	-112	-167	77
	-92	-5	-15	34	16	2	-52	-63	-24	-7	-17	-13
Net Cash Flow	-54	10	-12	2	-2	-0	1	1	1	6	-7	-1

Ratios

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	14	4	2	2	4	24	24	20	5	3	1	1
Inventory Days	31	46	66	75	28	52	16	15	38	34	39	45
Days Payable	3	7	33	26	5	8	6	4	10	17	5	3
Cash Conversion Cycle	42	42	35	51	27	68	34	31	33	20	36	42
Working Capital Days	24	30	39	39	-0	17	-4	21	21	9	23	39
ROCE %	19%	6%	-9%	-16%	-10%	3%	26%	43%	8%	37%	63%	6%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	45.04%	45.04%	45.04%	45.04%	45.04%	45.04%	45.04%	45.04%	45.04%	45.04%	45.04%	45.04%
	0.05%	0.30%	0.19%	0.53%	0.35%	0.35%	0.35%	0.35%	0.35%	0.32%	0.32%	0.74%
	0.02%	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	54.88%	54.62%	54.74%	54.40%	54.58%	54.58%	54.56%	54.59%	54.57%	54.60%	54.61%	54.18%
No. of Shareholders	55,686	63,022	68,374	69,520	71,646	73,800	75,325	74,674	73,717	71,163	69,067	67,775

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	45.05%	45.05%	45.05%	45.04%	45.04%	45.04%	45.04%	45.04%
	0.01%	0.01%	0.01%	0.00%	0.00%	0.53%	0.35%	0.74%
	0.04%	0.04%	0.04%	0.03%	0.03%	0.02%	0.02%	0.02%
	54.89%	54.89%	54.90%	54.93%	54.93%	54.40%	54.59%	54.18%
No. of Shareholders	75,342	73,151	73,973	52,122	52,049	69,520	74,674	67,775

* 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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Andhra Petrochemicals Ltd

Andhra Petrochemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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