Archean Chemical Industries Ltd

Archean Chemical Industries Ltd

₹ 759 2.61%
21 Feb - close price
About

Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt in Fiscal 2021. The company is the leading specialty marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.[1]

Key Points

Business Area[1] Archean is a leading specialty marine chemical manufacturer in India focused on producing and exporting bromine, industrial salt, and sulphate of potash across the world. Archean is the largest exporter of bromine and industrial salt in India and has amongst the lowest cost of production globally in both bromine and industrial salt.

  • Market Cap 9,365 Cr.
  • Current Price 759
  • High / Low 767 / 494
  • Stock P/E 23.4
  • Book Value 127
  • Dividend Yield 0.33 %
  • ROCE 45.6 %
  • ROE 44.9 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 46.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 60.0%
  • Debtor days have improved from 37.6 to 29.8 days.

Cons

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
250 307 373 400 293 365 382 343 290 413
146 190 212 239 175 205 188 208 195 267
Operating Profit 104 117 160 161 119 160 194 135 96 146
OPM % 42% 38% 43% 40% 40% 44% 51% 39% 33% 35%
8 6 4 9 19 8 9 11 12 10
Interest 42 41 39 39 35 19 3 3 2 2
Depreciation 17 17 17 18 17 17 17 17 17 18
Profit before tax 53 66 107 113 86 131 182 125 88 136
Tax % 26% 26% 24% 25% 26% 25% 25% 25% 24% 25%
39 49 82 85 64 98 137 94 66 102
EPS in Rs 20.44 5.09 8.50 8.79 6.63 7.99 11.12 7.65 5.39 8.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
439 566 608 741 1,130 1,441 1,429
356 497 460 478 663 807 858
Operating Profit 83 69 148 262 467 634 571
OPM % 19% 12% 24% 35% 41% 44% 40%
6 121 8 14 13 44 41
Interest 102 114 122 130 162 97 11
Depreciation 73 47 52 55 67 69 70
Profit before tax -85 29 -17 90 251 513 531
Tax % 7% -41% -105% 26% 25% 25%
-79 41 -36 67 189 384 400
EPS in Rs -79.16 21.31 -18.50 34.56 19.58 31.18 32.44
Dividend Payout % 0% 0% 0% 0% 0% 8%
Compounded Sales Growth
10 Years: %
5 Years: 27%
3 Years: 33%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 47%
3 Years: 133%
TTM: 22%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 22%
Return on Equity
10 Years: %
5 Years: 48%
3 Years: 60%
Last Year: 45%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 19 19 19 19 25 25
Reserves -38 24 -12 55 243 1,408 1,545
968 754 854 904 897 69 64
316 439 568 457 372 254 249
Total Liabilities 1,256 1,237 1,430 1,434 1,532 1,756 1,883
940 914 882 1,042 1,086 1,097 1,082
CWIP 0 9 193 19 17 33 48
Investments 0 0 47 41 16 215 334
316 314 308 332 412 410 420
Total Assets 1,256 1,237 1,430 1,434 1,532 1,756 1,883

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
39 312 148 119 327 498
0 -25 -197 -2 -128 -288
-87 -252 26 -110 -224 -212
Net Cash Flow -48 35 -23 7 -24 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 22 43 27 34 49 30
Inventory Days 830 238 999
Days Payable 1,035 398 1,689
Cash Conversion Cycle -183 -116 -663 34 49 30
Working Capital Days -70 9 -34 31 52 50
ROCE % 3% 13% 24% 39% 46%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
53.60% 53.60% 53.60% 53.60% 53.46%
6.03% 5.47% 4.06% 2.92% 4.15%
29.80% 30.25% 30.78% 30.38% 28.69%
10.56% 10.67% 11.55% 13.08% 13.71%
No. of Shareholders 49,60648,50762,54873,82192,571

* 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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