Agarwal Industrial Corporation Ltd

₹ 516 2.56%
Jan 27 11:00 a.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 682 Cr.
  • Current Price 516
  • High / Low 549 / 122
  • Stock P/E 12.6
  • Book Value 184
  • Dividend Yield 0.35 %
  • ROCE 19.6 %
  • ROE 22.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 42.42% CAGR over last 5 years
  • Company's median sales growth is 28.39% of last 10 years

Cons

  • Promoter holding has decreased over last quarter: -1.54%

* 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 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
151.55 188.82 262.03 52.26 162.33 310.40 147.45 95.13 207.99 453.33 407.94 158.60
142.41 176.27 249.16 44.08 153.11 293.83 138.84 85.81 189.12 418.13 383.73 145.93
Operating Profit 9.14 12.55 12.87 8.18 9.22 16.57 8.61 9.32 18.87 35.20 24.21 12.67
OPM % 6.03% 6.65% 4.91% 15.65% 5.68% 5.34% 5.84% 9.80% 9.07% 7.76% 5.93% 7.99%
Other Income 0.18 0.29 0.12 0.13 0.36 1.46 0.45 0.02 0.17 0.28 1.29 0.34
Interest 2.37 2.60 2.25 1.71 2.16 2.74 2.22 2.72 2.02 2.81 3.13 2.86
Depreciation 2.17 1.87 2.23 2.36 2.36 2.02 2.38 4.21 3.59 4.26 4.58 4.88
Profit before tax 4.78 8.37 8.51 4.24 5.06 13.27 4.46 2.41 13.43 28.41 17.79 5.27
Tax % 29.08% 39.43% 23.15% 11.32% 3.95% 21.70% 10.31% 9.96% 20.63% 16.51% 15.29% 18.79%
Net Profit 3.39 5.06 6.54 3.76 4.86 10.39 4.00 2.17 10.65 23.71 15.07 4.28
EPS in Rs 3.30 4.93 6.38 3.67 4.74 10.13 3.90 2.12 10.38 23.11 12.72 3.43

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
38 58 82 121 181 222 281 297 414 531 787 904 1,228
33 53 75 109 168 206 260 271 383 494 741 832 1,137
Operating Profit 5 5 7 12 14 16 21 26 31 37 46 71 91
OPM % 14% 9% 8% 10% 8% 7% 8% 9% 7% 7% 6% 8% 7%
Other Income 0 1 1 -0 1 1 1 1 1 1 3 2 2
Interest 1 1 1 2 4 4 7 7 9 9 9 10 11
Depreciation 2 3 3 4 4 4 5 6 8 8 9 14 17
Profit before tax 2 2 3 5 6 8 10 14 15 20 31 49 65
Tax % 36% 30% 20% 34% 21% 30% 31% 37% 30% 34% 18% 17%
Net Profit 2 2 2 3 5 6 7 9 10 13 26 41 54
EPS in Rs 3.86 3.74 5.67 6.19 9.25 10.67 12.46 8.82 10.02 13.11 24.91 39.51 49.64
Dividend Payout % 0% 32% 0% 19% 15% 14% 17% 17% 15% 14% 6% 5%
Compounded Sales Growth
10 Years: 32%
5 Years: 26%
3 Years: 30%
TTM: 72%
Compounded Profit Growth
10 Years: 39%
5 Years: 42%
3 Years: 58%
TTM: 151%
Stock Price CAGR
10 Years: 15%
5 Years: 8%
3 Years: 46%
1 Year: 227%
Return on Equity
10 Years: 15%
5 Years: 15%
3 Years: 18%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
5 5 5 6 6 6 8 10 10 10 10 10 12
Reserves 4 6 8 29 33 38 61 96 108 123 147 186 231
Borrowings 9 20 33 23 35 41 65 74 96 77 90 150 158
9 4 10 7 9 11 12 21 24 17 52 50 72
Total Liabilities 27 35 56 65 82 95 147 201 238 227 300 395 474
19 23 23 27 30 31 39 44 62 57 102 160 209
CWIP 0 0 0 0 1 1 0 8 0 1 3 1 2
Investments 0 0 0 0 0 2 3 6 9 9 7 6 9
8 11 33 37 51 62 105 143 168 161 188 229 253
Total Assets 27 35 56 65 82 95 147 201 238 227 300 395 474

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5 -3 0 -0 3 2 13 -12 8 30 49 45
-5 -7 -3 -8 -7 -7 -9 -21 -20 -4 -54 -44
1 10 11 5 7 1 -1 27 10 -27 7 21
Net Cash Flow 1 0 8 -4 2 -3 3 -6 -1 -1 2 23

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 48 42 57 52 56 67 100 129 100 78 64 54
Inventory Days 8 21 61 22 13 22 13 29 43 23 16 24
Days Payable 113 6 49 12 9 14 3 4 16 6 24 17
Cash Conversion Cycle -57 57 70 62 61 75 110 154 126 95 56 62
Working Capital Days -6 45 63 77 71 78 112 150 128 99 61 60
ROCE % 13% 11% 15% 16% 16% 15% 14% 12% 14% 17% 20%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
59.33 59.33 59.33 59.33 59.33 59.33 59.33 59.33 59.33 61.40 60.11 58.57
0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.00 0.25 4.26
40.63 40.63 40.63 40.63 40.63 40.63 40.63 40.63 40.63 38.60 39.64 37.17

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