Advanced Enzyme Technologies Ltd // Other Agricultural Products

Pros:
Company is virtually debt free.
Company is expected to give good quarter
Cons:
Promoter's stake has decreased
Promoters have pledged 26.61% of their holding

Peer Comparison

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Sales Qtr Rs.Cr. Qtr Sales Var % ROCE %
1. Godrej Agrovet 533.65 41.33 10247.61 0.84 80.97 6.44 1484.36 10.43 23.26
2. Kaveri Seed Co. 512.30 14.80 3234.11 0.61 210.58 4.05 581.89 -1.47 21.02
3. Guj. Ambuja Exp 239.00 12.68 2740.56 0.33 53.05 215.02 804.15 16.33 15.80
4. Advanta 643.50 58.80 6742.41 0.00 -29.17 -110.51 361.68 16.61 13.27
5. Advance. Enzyme. 196.10 20.18 2189.43 0.20 31.23 91.95 104.28 38.16 25.76
6. Lakshmi Energy 6.65 0.87 48.96 0.00 7.32 -61.13 170.37 -36.36 7.53
7. Karuturi Global 1.45 4.27 217.14 0.00 3.51 187.50 54.63 27.67 2.07

Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018
70 74 80 94 90 59 85 75 99 108 109 104
47 36 41 43 42 41 52 46 58 63 60 56
Operating Profit 24 39 39 51 48 19 34 30 41 45 48 48
OPM % 34% 52% 49% 54% 53% 31% 40% 39% 42% 42% 45% 46%
Other Income 0 0 1 0 1 1 1 0 0 0 1 0
Depreciation 2 2 2 3 3 3 4 4 5 5 5 5
Interest 3 1 2 2 1 0 1 1 1 1 4 1
Profit before tax 19 35 36 46 45 16 30 25 36 39 40 42
Tax 5 15 13 18 16 1 8 9 13 12 11 11
Net Profit 15 21 23 28 29 14 22 16 22 27 28 31

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
116 171 219 239 222 293 329 391 420
93 109 130 189 131 160 177 227 237
Operating Profit 23 62 90 50 91 133 152 164 183
OPM % 20% 36% 41% 21% 41% 46% 46% 42% 44%
Other Income 4 3 4 1 1 1 3 1 2
Interest 3 12 10 13 9 8 4 8 8
Depreciation 5 6 8 10 9 9 13 18 20
Profit before tax 19 48 76 28 74 118 137 139 156
Tax % 10% 29% 34% 23% 31% 35% 32% 33%
Net Profit 17 33 49 20 50 76 92 90 109
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:35.37%
Compounded Profit Growth
10 Years:%
5 Years:12.84%
3 Years:21.71%
TTM:33.25%
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
21 21 22 22 22 22 22 22
Reserves 42 75 140 145 188 256 442 537
Borrowings 64 207 186 167 115 101 54 67
26 48 49 75 93 72 71 106
Total Liabilities 153 350 396 408 418 452 589 732
51 204 287 287 287 285 421 491
CWIP 19 60 2 2 5 7 8 11
Investments 0 0 0 0 0 0 0 0
82 86 108 119 126 159 160 230
Total Assets 153 350 396 408 418 452 589 732

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