Indo Amines Ltd

Indo Amines Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indo Amines Ltd

₹ 138 -1.32%
26 Apr - close price
indoaminesltd.com BSE: 524648 NSE : INDOAMIN
About

Promoted in 1979, as Techno Chemical Industries, the company was incorporated in 1994 as Indo Amines Limited. The company is a world-wide manufacturer, developer and supplier of fine and specialty chemicals, performance chemicals, perfumery chemicals and active pharmaceutical ingredients.
The company has five manufacturing units in Gujarat and Maharashtra.

Key Points

Business Overview:
The products manufactured by the company have applications in several industries- Fertilizer, Agrochemicals, Pharmaceuticals, High-Performance Polymers, Paints, Pigments, Printing Inks, Rubber Chemicals, Additives, Surfactants, Dyes & Intermediates, Road Construction, Flavors & Fragrances, Home & Personal Care usage, Petrochemicals, Pesticides, and Perfumery. [1]

Website BSE NSE
  • Market Cap ₹ 977 Cr.
  • Current Price ₹ 138
  • High / Low ₹ 185 / 86.9
  • Stock P/E 19.2
  • Book Value ₹ 34.9
  • Dividend Yield 0.36 %
  • ROCE 17.4 %
  • ROE 19.6 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 20.4% CAGR over last 5 years

Cons

  • 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: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
142.19 156.29 177.07 183.59 211.57 213.80 258.27 241.04 211.13 234.57 243.62 252.93 193.85
122.65 143.01 163.55 173.42 195.26 201.59 238.63 225.36 190.38 203.55 221.98 232.64 173.79
Operating Profit 19.54 13.28 13.52 10.17 16.31 12.21 19.64 15.68 20.75 31.02 21.64 20.29 20.06
OPM % 13.74% 8.50% 7.64% 5.54% 7.71% 5.71% 7.60% 6.51% 9.83% 13.22% 8.88% 8.02% 10.35%
3.36 2.48 4.02 2.07 3.31 0.96 0.67 0.90 0.71 1.96 4.18 5.41 2.01
Interest 2.17 2.38 3.25 3.30 3.68 3.74 3.46 3.91 4.63 5.23 5.66 5.74 5.70
Depreciation 6.22 -7.35 3.13 3.44 3.60 3.92 4.01 4.34 4.53 4.44 3.58 3.47 3.90
Profit before tax 14.51 20.73 11.16 5.50 12.34 5.51 12.84 8.33 12.30 23.31 16.58 16.49 12.47
Tax % 15.09% 23.01% 36.11% 28.36% 21.47% 58.26% 34.19% 41.30% 15.37% 26.51% 26.78% 27.65% 22.85%
12.31 15.97 7.13 3.93 9.68 2.30 8.44 4.90 10.41 17.13 12.15 11.93 9.62
EPS in Rs 1.74 2.26 1.01 0.56 1.37 0.33 1.19 0.69 1.47 2.42 1.72 1.69 1.36
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
191 200 221 234 253 285 355 528 479 541 786 945 925
179 185 202 212 222 249 314 473 437 479 734 858 832
Operating Profit 12 15 18 22 30 36 41 55 42 61 52 87 93
OPM % 7% 7% 8% 10% 12% 13% 12% 10% 9% 11% 7% 9% 10%
2 2 1 1 1 3 4 7 7 8 10 4 14
Interest 4 4 4 5 4 4 8 10 11 9 14 17 22
Depreciation 3 3 6 10 12 12 12 15 20 11 14 17 15
Profit before tax 7 10 9 8 15 23 25 38 18 49 35 57 69
Tax % 42% 32% 36% 35% 38% 29% 36% 34% 30% 23% 33% 28%
4 7 6 5 9 16 16 25 13 37 23 41 51
EPS in Rs 1.03 1.25 0.93 0.80 1.38 2.46 2.40 3.78 1.92 5.31 3.23 5.72 7.19
Dividend Payout % -0% 20% 27% 31% 36% 21% 21% 13% 26% 10% 15% 9%
Compounded Sales Growth
10 Years: 17%
5 Years: 22%
3 Years: 25%
TTM: 0%
Compounded Profit Growth
10 Years: 20%
5 Years: 20%
3 Years: 47%
TTM: 95%
Stock Price CAGR
10 Years: 33%
5 Years: 26%
3 Years: 31%
1 Year: 56%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 19%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 12 13 31 33 33 33 33 33 33 35 35 35 35
Reserves 15 21 9 12 17 36 48 92 102 127 152 190 211
47 47 54 51 50 62 91 131 143 159 207 232 255
42 54 62 60 67 81 75 90 83 131 160 140 139
Total Liabilities 116 134 156 155 167 213 246 346 362 453 554 597 640
20 27 34 53 51 64 70 116 117 125 182 198 206
CWIP 3 7 12 1 -0 2 5 8 24 54 22 20 18
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
93 101 110 102 115 147 171 222 221 274 350 379 416
Total Assets 116 134 156 155 167 213 246 346 362 453 554 597 640

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3 19 19 23 19 15 8 27 39 56 15 20
-10 -14 -21 -14 -10 -23 -21 -43 -36 -50 -39 -30
14 -5 2 -9 -9 7 16 17 -3 -1 32 4
Net Cash Flow 2 1 0 1 0 -1 3 2 0 5 9 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 85 89 83 62 66 78 76 78 73 89 78 72
Inventory Days 65 53 55 59 60 66 84 68 98 96 86 78
Days Payable 73 87 87 68 66 80 101 80 80 113 88 60
Cash Conversion Cycle 77 55 51 52 60 64 59 66 91 71 76 91
Working Capital Days 49 66 61 48 53 17 73 70 81 80 74 85
ROCE % 21% 18% 15% 14% 19% 23% 22% 22% 11% 19% 14% 17%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.34% 69.33% 69.32% 69.33% 69.33% 69.03% 68.34% 67.39% 67.37% 66.87% 66.76% 66.76%
0.00% 0.00% 0.00% 0.00% 0.01% 0.06% 0.17% 0.06% 0.00% 0.00% 0.10% 0.05%
30.66% 30.67% 30.68% 30.67% 30.66% 30.90% 31.48% 32.56% 32.63% 33.13% 33.14% 33.20%
No. of Shareholders 14,99918,28118,36620,79720,81725,06626,32126,75926,05927,98027,48826,487

* 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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