Agarwal Industrial Corporation Ltd

Agarwal Industrial Corporation Ltd

₹ 955 -0.08%
01 Mar 1:22 p.m.
About

Agarwal Industrial Corporation Ltd is primarily engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), logistics of bitumen and liquefied Petroleum Gas and energy generation through Wind Mills.[1]

Key Points

Products/ Services Offered
Presently, the company has 4 different business segments :-
1. Manufacturing and trading of Bitumen & value added Bituminous Products
2. Co. has large fleet of specialized Bulk Bitumen & LPG Tankers (Logistics)
3. Generates power through wind mills situated in Jaisalmer and Dhulia.[1]
4. Undertaking of various ship/ vessel/ ocean related activities through its wholly owned subsidiary AICL Overseas FZ - LLC.[2]

  • Market Cap 1,428 Cr.
  • Current Price 955
  • High / Low 1,155 / 531
  • Stock P/E 14.3
  • Book Value 298
  • Dividend Yield 0.25 %
  • ROCE 23.6 %
  • ROE 26.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 54.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%
  • Company's median sales growth is 26.5% of last 10 years
  • Company's working capital requirements have reduced from 42.7 days to 27.8 days

Cons

  • Company might be capitalizing the interest cost

* 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: Petrochemicals Industry: Petrochemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
208 453 408 159 381 651 581 223 552 660 629 232 488
189 418 384 146 348 615 547 201 514 617 587 205 444
Operating Profit 19 35 24 13 33 36 34 21 38 43 42 27 44
OPM % 9% 8% 6% 8% 9% 6% 6% 10% 7% 6% 7% 12% 9%
0 0 1 0 0 2 2 4 2 1 1 2 1
Interest 2 3 3 3 3 3 3 2 3 4 4 4 5
Depreciation 4 4 5 5 5 5 5 6 6 6 6 7 7
Profit before tax 13 28 18 5 26 29 28 18 31 33 32 18 33
Tax % 21% 17% 15% 19% 20% 17% 16% 13% 18% 15% 14% 12% 17%
11 24 15 4 21 24 23 15 25 28 28 16 28
EPS in Rs 10.38 23.11 12.72 3.43 15.60 17.97 16.23 10.57 16.85 18.92 18.43 10.70 18.47
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
82 121 181 222 281 297 414 531 787 904 1,598 2,015 2,008
75 109 168 206 260 271 383 494 741 832 1,492 1,879 1,853
Operating Profit 7 12 14 16 21 26 31 37 46 71 106 136 155
OPM % 8% 10% 8% 7% 8% 9% 7% 7% 6% 8% 7% 7% 8%
1 -0 1 1 1 1 1 1 3 2 4 9 4
Interest 1 2 4 4 7 7 9 9 9 10 12 12 16
Depreciation 3 4 4 4 5 6 8 8 9 14 20 23 27
Profit before tax 3 5 6 8 10 14 15 20 31 49 78 110 117
Tax % 20% 34% 21% 30% 31% 37% 30% 34% 18% 17% 18% 16%
2 3 5 6 7 9 10 13 26 41 64 92 100
EPS in Rs 5.67 6.19 9.25 10.67 12.46 8.82 10.02 13.11 24.91 39.51 48.22 61.68 66.52
Dividend Payout % -0% 19% 15% 14% 17% 17% 15% 14% 6% 5% 4% 4%
Compounded Sales Growth
10 Years: 33%
5 Years: 37%
3 Years: 37%
TTM: 0%
Compounded Profit Growth
10 Years: 39%
5 Years: 55%
3 Years: 54%
TTM: 13%
Stock Price CAGR
10 Years: 21%
5 Years: 41%
3 Years: 83%
1 Year: 55%
Return on Equity
10 Years: 20%
5 Years: 22%
3 Years: 25%
Last Year: 26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 6 6 6 8 10 10 10 10 10 13 15 15
Reserves 8 29 33 38 61 96 108 123 147 186 277 389 430
33 23 35 41 65 74 96 77 90 150 171 158 207
10 7 9 11 12 21 24 17 52 50 82 188 106
Total Liabilities 56 65 82 95 147 201 238 227 300 395 543 750 758
23 27 30 31 39 44 62 57 102 160 219 341 410
CWIP 0 0 1 1 0 8 0 1 3 1 3 7 2
Investments -0 -0 0 2 3 6 9 9 7 6 12 26 28
33 37 51 62 105 143 168 161 188 229 309 376 319
Total Assets 56 65 82 95 147 201 238 227 300 395 543 750 758

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 -0 3 2 13 -12 8 30 49 49 65 157
-3 -8 -7 -7 -9 -21 -20 -4 -54 -44 -69 -158
11 5 7 1 -1 27 10 -27 7 21 19 -15
Net Cash Flow 8 -4 2 -3 3 -6 -1 -1 2 27 14 -17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 57 52 56 67 100 129 100 78 64 54 37 35
Inventory Days 61 22 13 22 13 29 43 23 16 24 18 25
Days Payable 49 12 9 14 3 4 16 6 24 17 15 36
Cash Conversion Cycle 70 62 61 75 110 154 126 95 56 62 40 25
Working Capital Days 63 68 63 72 105 141 118 92 59 60 41 28
ROCE % 11% 15% 16% 16% 15% 14% 12% 14% 17% 20% 22% 24%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
59.33% 61.40% 60.11% 58.57% 58.57% 62.15% 59.18% 57.20% 57.20% 57.20% 57.20% 57.20%
0.04% 0.00% 0.25% 4.26% 4.00% 3.57% 3.53% 6.69% 6.36% 6.34% 6.24% 6.24%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.08% 0.14%
40.63% 38.60% 39.64% 37.17% 37.43% 34.28% 37.29% 36.12% 36.44% 36.40% 36.49% 36.43%
No. of Shareholders 4,0806,2577,3758,2739,59610,94712,11514,84913,92514,73817,76516,672

* 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.

Documents

Concalls