Advanced Enzyme Technologies Ltd

Advanced Enzyme Technologies is engaged in business of manufacturing and sale of enzymes.

Pros:
Company is virtually debt free.
Company is expected to give good quarter
Cons:
Promoters have pledged 30.10% of their holding

Peer Comparison

Chemicals >> Chemicals
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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018
74.45 80.46 94.11 89.98 59.18 85.43 75.48 98.58 108.24 108.63 104.28 103.15
35.84 40.94 43.45 41.92 40.63 51.68 45.92 57.63 63.09 60.23 55.92 61.03
Operating Profit 38.61 39.52 50.66 48.06 18.55 33.75 29.56 40.95 45.15 48.40 48.36 42.12
OPM % 51.86% 49.12% 53.83% 53.41% 31.35% 39.51% 39.16% 41.54% 41.71% 44.55% 46.38% 40.83%
Other Income 0.28 0.52 0.42 0.60 0.67 1.18 0.32 0.49 0.20 0.56 0.38 2.02
Interest 1.44 1.72 1.79 0.93 0.27 1.09 1.35 1.38 1.14 4.50 1.37 2.26
Depreciation 2.21 2.27 3.12 2.76 3.26 3.64 3.76 4.53 5.30 4.71 5.18 5.25
Profit before tax 35.24 36.05 46.17 44.97 15.69 30.20 24.77 35.53 38.91 39.75 42.19 36.63
Tax % 41.77% 36.95% 39.85% 35.31% 9.05% 27.85% 34.36% 36.84% 31.87% 28.70% 25.95% 29.40%
Net Profit 19.91 23.40 27.78 28.63 13.99 21.76 15.78 21.84 25.19 27.24 29.67 24.73

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
116 171 219 239 222 293 329 391 424
93 109 130 189 131 155 177 227 240
Operating Profit 23 62 90 50 91 138 152 164 184
OPM % 20% 36% 41% 21% 41% 47% 46% 42% 43%
Other Income 4 3 4 1 1 -3 3 1 3
Interest 3 12 10 13 9 8 4 8 9
Depreciation 5 6 8 10 9 9 13 18 20
Profit before tax 19 48 76 28 74 118 137 139 157
Tax % 10% 29% 34% 23% 31% 35% 32% 33%
Net Profit 17 33 49 20 50 76 92 90 107
EPS in Rs 8.20 8.07
Dividend Payout % 6% 1% 7% 6% 4% 3% 5% 5%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:12.27%
3 Years:20.82%
TTM:33.15%
Compounded Profit Growth
10 Years:%
5 Years:12.84%
3 Years:21.71%
TTM:45.60%
Return on Equity
10 Years:%
5 Years:22.32%
3 Years:23.08%
TTM:17.60%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Sep 2018
21 21 22 22 22 22 22 22 22
Reserves 42 75 140 145 188 256 442 537 621
Borrowings 64 207 186 167 115 101 54 67 48
26 48 49 75 93 72 71 106 131
Total Liabilities 153 350 396 408 418 452 589 732 822
51 204 287 287 287 285 421 491 239
CWIP 19 60 2 2 5 7 8 11 4
Investments 0 0 0 0 0 0 0 0 73
82 86 108 119 126 159 160 230 507
Total Assets 153 350 396 408 418 452 589 732 822

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
16 49 41 43 54 93 107 116
-30 -187 -40 -25 -15 -10 -60 -60
27 128 -3 -20 -37 -63 -65 -2
Net Cash Flow 13 -10 -2 -1 2 21 -18 54

Ratios Consolidated / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 28% 26% 12% 25% 37% 32% 26%
Debtor Days 70 70 65 49 61 52 55 55
Inventory Turnover 7 6 5 4 5 5 5