A-1 Acid Ltd

A-1 Acid Ltd

₹ 357 0.46%
23 Feb - close price
About

A-1 Acid Limited is engaged in the wholesale trading of Acid & Chemicals and is also in the transportation business. [1]

Key Points

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]

  • Market Cap 411 Cr.
  • Current Price 357
  • High / Low 440 / 295
  • Stock P/E 289
  • Book Value 40.7
  • Dividend Yield 0.42 %
  • ROCE 9.79 %
  • ROE 7.57 %
  • 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 8.77 times its book value
  • Earnings include an other income of Rs.7.45 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
49.71 62.41 84.79 113.44 93.84 86.11 79.03 71.62 58.97 47.20 39.55
49.17 60.75 81.36 111.14 91.32 85.09 77.95 71.93 59.09 47.20 39.64
Operating Profit 0.54 1.66 3.43 2.30 2.52 1.02 1.08 -0.31 -0.12 0.00 -0.09
OPM % 1.09% 2.66% 4.05% 2.03% 2.69% 1.18% 1.37% -0.43% -0.20% 0.00% -0.23%
0.52 1.11 1.36 2.01 2.11 0.47 0.81 2.96 1.61 1.15 1.73
Interest 0.25 0.31 0.31 0.34 0.47 0.35 0.54 0.47 0.22 0.15 0.13
Depreciation 0.85 0.82 0.81 0.84 1.05 0.96 1.03 0.96 0.89 0.90 0.90
Profit before tax -0.04 1.64 3.67 3.13 3.11 0.18 0.32 1.22 0.38 0.10 0.61
Tax % 25.00% 13.41% 28.61% 27.48% 27.01% 55.56% 40.62% 6.56% 28.95% 30.00% 52.46%
-0.03 1.38 2.61 2.48 2.34 0.02 0.19 1.07 0.18 -0.04 0.21
EPS in Rs -0.03 1.20 2.27 2.16 2.03 0.02 0.17 0.93 0.16 -0.03 0.18
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 TTM
145 310 331 217
141 301 326 218
Operating Profit 4 9 4 -1
OPM % 3% 3% 1% -0%
4 4 6 7
Interest 1 1 2 1
Depreciation 3 3 4 4
Profit before tax 4 9 5 2
Tax % 34% 25% 24%
3 6 4 1
EPS in Rs 2.37 5.49 3.14 1.24
Dividend Payout % 0% 27% 48%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -42%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -72%
Stock Price CAGR
10 Years: %
5 Years: 47%
3 Years: 76%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 12 12 12
Reserves 30 35 37 35
17 26 14 6
4 7 5 4
Total Liabilities 61 80 68 57
14 17 16 15
CWIP 0 0 0 0
Investments 0 2 3 4
47 60 48 39
Total Assets 61 80 68 57

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
-4 -0 19
-6 -9 -4
9 9 -15
Net Cash Flow -0 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
Debtor Days 91 54 42
Inventory Days 6 3 2
Days Payable 4 4 1
Cash Conversion Cycle 93 54 43
Working Capital Days 101 57 42
ROCE % 15% 10%

Shareholding Pattern

Numbers in percentages

Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
70.00% 70.00% 70.00% 70.00% 70.00% 70.00% 70.00% 70.00% 70.03% 70.03% 70.03% 70.03%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.85% 2.85% 2.85% 2.85% 2.90%
30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 27.14% 27.12% 27.11% 27.11% 27.06%
No. of Shareholders 1911922702663153279801,3391,9612,1062,0852,071

* 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.

Click on the line-items to see the names of individual entities.

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