Archit Organosys Ltd

About

Archit Organosys Ltd., established in 1989, is a manufacturing and trading company along with various sister concerns in Chemical segment. Today Archit Organosys Ltd. produces a variety of Organic and Inorganic Chemicals, Specialty Derivatives, Cosmetic products, Adhesives & Sealants. The company has 24 years of manufacturing experience in Mono chloroacetic Acid & Sodium Mono chloroacetate which is used in the synthesis of various Agricultural Chemicals, Cosmetic Surfactants, Oil Drilling Chemicals, Plastic Additives etc. [1]

Key Points

Business Overview[1]
Archit Organosys Limited works in the production of organic intermediates viz. Mono Chloro Acetic Acid (MCAA) and Sodium Mono Chloro Acetate (SMCA) with its manufacturing facilities located at Naroda and Bhavnagar in Gujarat. The company is also involved in trading of organic and specialty chemicals namely Ethyl Acetate, Acetic Anhydride, Toluene etc.
The company has expanded its horizon in USA, Europe, Middle East and across 50 countries.

See full details
  • Market Cap 103 Cr.
  • Current Price 50.2
  • High / Low 62.4 / 15.1
  • Stock P/E 14.5
  • Book Value 19.1
  • Dividend Yield 1.00 %
  • ROCE 11.6 %
  • ROE 13.7 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 27.79% CAGR over last 5 years
  • Promoter holding has increased by 2.29% over last quarter.

Cons

  • Stock is trading at 2.63 times its book value
  • Company has a low return on equity of -0.78% for last 3 years.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
25.60 16.24 22.30 18.97 22.81 18.25 16.65 12.18 26.39 25.43 30.51 28.67
26.82 17.52 22.61 17.28 22.45 17.24 16.30 9.70 23.56 22.55 27.65 24.08
Operating Profit -1.22 -1.28 -0.31 1.69 0.36 1.01 0.35 2.48 2.83 2.88 2.86 4.59
OPM % -4.77% -7.88% -1.39% 8.91% 1.58% 5.53% 2.10% 20.36% 10.72% 11.33% 9.37% 16.01%
Other Income 0.21 0.46 1.98 0.72 0.71 0.03 0.98 0.07 0.04 0.29 0.14 0.04
Interest 0.89 0.91 0.94 0.88 0.88 0.86 0.54 0.80 0.89 0.69 0.87 0.58
Depreciation 0.70 0.67 0.73 0.72 0.73 0.73 1.29 0.92 0.93 0.91 0.91 1.14
Profit before tax -2.60 -2.40 0.00 0.81 -0.54 -0.55 -0.50 0.83 1.05 1.57 1.22 2.91
Tax % 53.85% -2.92% 0.00% 0.00% 0.00% -2.00% 0.00% 0.00% 3.18% -30.33% -0.34%
Net Profit -1.20 -2.46 0.34 0.81 -0.54 -0.55 -0.51 0.83 1.05 1.53 1.59 2.92
EPS in Rs -0.80 -1.64 0.23 0.54 -0.36 -0.37 -0.34 0.55 0.70 1.02 1.06 1.42

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
8 43 46 38 49 56 51 48 82 84 77 95 111
8 41 45 37 47 53 48 44 78 87 73 83 98
Operating Profit 1 2 1 1 2 2 3 4 4 -3 4 11 13
OPM % 7% 5% 3% 4% 5% 4% 6% 8% 5% -4% 5% 12% 12%
Other Income 1 0 1 1 -0 1 1 0 3 3 2 1 1
Interest 1 1 1 1 1 1 1 1 4 4 3 3 3
Depreciation 0 0 0 0 0 0 0 1 3 3 3 4 4
Profit before tax 1 1 1 1 1 1 2 3 0 -6 -1 5 7
Tax % 58% 40% 16% 24% 33% 43% 37% 42% -32% 25% -1% -7%
Net Profit 0 0 1 1 1 1 1 2 1 -5 -1 5 7
EPS in Rs 0.26 0.34 0.73 0.55 0.65 0.87 0.97 1.14 0.34 -3.14 -0.53 3.34 4.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 15%
Compounded Sales Growth
10 Years:8%
5 Years:13%
3 Years:5%
TTM:59%
Compounded Profit Growth
10 Years:32%
5 Years:28%
3 Years:114%
TTM:1021%
Stock Price CAGR
10 Years:26%
5 Years:13%
3 Years:16%
1 Year:240%
Return on Equity
10 Years:3%
5 Years:1%
3 Years:-1%
Last Year:14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3 3 3 3 3 3 5 10 15 15 15 15
Reserves -0 -0 1 1 2 2 8 17 25 20 19 24
Borrowings 7 9 11 7 7 9 11 31 36 37 33 30
5 8 7 5 9 10 8 12 26 12 16 18
Total Liabilities 14 19 22 16 21 24 32 70 101 84 83 87
5 6 5 5 5 6 6 47 47 47 50 48
CWIP 0 0 0 0 0 0 8 1 8 5 1 3
Investments 0 0 0 0 0 0 0 0 0 0 0 0
9 14 16 11 16 18 18 22 46 32 32 37
Total Assets 14 19 22 16 21 24 32 70 101 84 83 87

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
2 1 -0 2 1 2 1 2 -4 3 8 11
0 -1 1 -0 -0 -2 -8 -35 -9 1 -1 -3
-8 0 1 -4 -0 1 7 32 13 0 -9 -7
Net Cash Flow -5 0 2 -2 0 0 -0 -0 0 4 -2 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 220 84 92 84 101 76 79 86 140 62 94 97
Inventory Days 67 18 16 17 10 28 28 27 41 30 22 21
Days Payable 284 75 60 58 80 72 63 80 126 55 88 87
Cash Conversion Cycle 3 27 48 44 31 33 44 33 56 38 28 30
Working Capital Days 169 47 58 62 51 49 60 67 88 61 60 53
ROCE % 17% 13% 15% 19% 20% 17% 9% 6% -4% 3% 12%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
51.80 51.81 51.81 51.81 51.81 54.84 55.11 55.11 55.11 55.11 55.11 57.40
0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.00 0.00 0.00
48.20 48.19 48.19 48.19 48.19 45.12 44.89 44.89 44.89 44.89 44.89 42.60

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