A-1 Acid Ltd
A-1 Acid Limited is engaged in the wholesale trading of Acid & Chemicals and is also in the transportation business. [1]
- Market Cap ₹ 443 Cr.
- Current Price ₹ 385
- High / Low ₹ 425 / 277
- Stock P/E 316
- Book Value ₹ 40.7
- Dividend Yield 0.39 %
- ROCE 9.79 %
- ROE 7.63 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 25.0%
- Debtor days have improved from 62.6 to 42.1 days.
- Company's working capital requirements have reduced from 66.6 days to 41.6 days
Cons
- Stock is trading at 9.46 times its book value
- Company has a low return on equity of 9.82% over last 3 years.
- Earnings include an other income of Rs.6.52 Cr.
- Company's cost of borrowing seems high
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
97 | 85 | 106 | 100 | 141 | 116 | 145 | 310 | 331 | 257 | |
93 | 82 | 99 | 104 | 143 | 112 | 141 | 301 | 326 | 256 | |
Operating Profit | 3 | 3 | 7 | -4 | -2 | 4 | 4 | 9 | 4 | 0 |
OPM % | 4% | 4% | 6% | -4% | -2% | 3% | 3% | 3% | 1% | 0% |
0 | 0 | 0 | 11 | 9 | 4 | 4 | 4 | 6 | 7 | |
Interest | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 1 |
Depreciation | 2 | 1 | 1 | 2 | 0 | 3 | 3 | 3 | 4 | 4 |
Profit before tax | 0 | 1 | 4 | 4 | 6 | 4 | 4 | 8 | 5 | 2 |
Tax % | 25% | 26% | 33% | 49% | 25% | 24% | 34% | 26% | 24% | |
0 | 1 | 3 | 2 | 4 | 3 | 3 | 6 | 4 | 1 | |
EPS in Rs | 1.08 | 7.67 | 25.00 | 2.37 | 3.63 | 2.77 | 2.37 | 5.49 | 3.14 | 1.23 |
Dividend Payout % | 0% | 16% | 0% | 0% | 0% | 0% | 0% | 27% | 48% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 27% |
3 Years: | 42% |
TTM: | -32% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 5% |
TTM: | -81% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 48% |
3 Years: | 85% |
1 Year: | 27% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 7 | 10 | 10 | 10 | 12 | 12 | 12 |
Reserves | 7 | 7 | 10 | 7 | 25 | 27 | 30 | 35 | 37 | 35 |
13 | 12 | 19 | 16 | 15 | 6 | 17 | 26 | 14 | 6 | |
3 | 6 | 8 | 8 | 4 | 4 | 4 | 7 | 5 | 4 | |
Total Liabilities | 24 | 26 | 38 | 39 | 53 | 48 | 61 | 80 | 68 | 57 |
4 | 3 | 11 | 9 | 14 | 11 | 14 | 17 | 16 | 15 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 4 |
20 | 23 | 26 | 30 | 38 | 37 | 47 | 60 | 48 | 39 | |
Total Assets | 24 | 26 | 38 | 39 | 53 | 48 | 61 | 80 | 68 | 57 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
3 | -6 | 8 | -4 | -0 | 19 | ||||
0 | -7 | -0 | -6 | -9 | -4 | ||||
-4 | 14 | -7 | 9 | 9 | -15 | ||||
Net Cash Flow | -1 | 0 | 0 | -0 | -0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 69 | 87 | 76 | 89 | 70 | 78 | 91 | 54 | 42 |
Inventory Days | 3 | 7 | 2 | 4 | 2 | 4 | 6 | 3 | 2 |
Days Payable | 3 | 8 | 5 | 14 | 4 | 1 | 4 | 4 | 1 |
Cash Conversion Cycle | 70 | 86 | 73 | 80 | 68 | 81 | 93 | 54 | 43 |
Working Capital Days | 61 | 68 | 55 | 70 | 79 | 86 | 101 | 57 | 42 |
ROCE % | 13% | 23% | 18% | 17% | 11% | 9% | 15% | 10% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Nov - Newspaper Advertisement for Quarter 2 Financial Results
- Financial Result For Quarter Ended September, 2023 6 Nov
- Board Meeting Outcome for Quarterly Financial Results 6 Nov
- Board Meeting Intimation for Approval Of Unaudited Standalone And Consolidated Financial Results Of The Company Under Indian Accounting Standards (Ind AS) For The Quarter And Half Yearly Ended On September 30, 2023 And Take Note Of Compliances. 29 Oct
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17 Oct
Product Portfolio
The Co deals in a number of acids and chemicals manufactured by leading companies. It currently trades in Nitric Acid, Hydrochloric Acid, Sulphuric Acid, Methanol, Ethyl Acetate, Formic Acid, Calcium Carbonate, Technical grade Urea, Oleum, etc. [1]