Agro Phos India Ltd

About

Agro Phos (India) is an ISO 9001:2008 certified Company engaged in the manufacturing of fertilisers such as Single Super Phosphate (SSP), Nitrogen Phosphate and Potassium (NPK), Zinc Sulphate, Organic manure and Calcium Sulphate commonly known as soil conditioner or gypsum.

  • Market Cap 32.9 Cr.
  • Current Price 16.2
  • High / Low 21.0 / 10.4
  • Stock P/E 8.95
  • Book Value 21.6
  • Dividend Yield 0.00 %
  • ROCE 9.86 %
  • ROE 7.94 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.75 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -11.43% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 7.14% for last 3 years.
  • Earnings include an other income of Rs.7.35 Cr.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Figures in Rs. Crores

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
10.02 25.49 10.25 13.63 14.72 13.35 18.09 16.76 9.41 8.71 21.23 34.50
10.67 26.42 12.21 15.52 16.89 17.57 16.86 14.68 13.78 8.25 18.83 33.15
Operating Profit -0.65 -0.93 -1.96 -1.89 -2.17 -4.22 1.23 2.08 -4.37 0.46 2.40 1.35
OPM % -6.49% -3.65% -19.12% -13.87% -14.74% -31.61% 6.80% 12.41% -46.44% 5.28% 11.30% 3.91%
Other Income 0.76 3.55 3.16 4.03 6.13 4.77 0.01 0.13 7.10 0.00 0.06 0.19
Interest 0.65 0.86 0.57 0.69 0.40 0.60 0.50 0.58 0.48 0.39 0.70 0.35
Depreciation 0.28 0.26 0.28 0.28 0.29 0.28 0.27 0.27 0.28 0.28 0.29 0.29
Profit before tax -0.82 1.50 0.35 1.17 3.27 -0.33 0.47 1.36 1.97 -0.21 1.47 0.90
Tax % 10.98% 23.33% 17.14% 10.26% 16.21% 51.52% 6.38% 14.71% 9.14% 4.76% 12.93% 10.00%
Net Profit -0.73 1.15 0.29 1.05 2.74 -0.16 0.44 1.16 1.79 -0.20 1.28 0.81
EPS in Rs -0.36 0.57 0.14 0.52 1.35 -0.08 0.22 0.57 0.88 -0.10 0.63 0.40

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
33.50 57.72 58.49 62.19 65.64 75.65 64.39 50.43 62.93 51.94 41.24 73.85
31.74 54.14 54.60 58.71 56.68 66.70 57.67 53.54 66.87 62.17 53.58 74.01
Operating Profit 1.76 3.58 3.89 3.48 8.96 8.95 6.72 -3.11 -3.94 -10.23 -12.34 -0.16
OPM % 5.25% 6.20% 6.65% 5.60% 13.65% 11.83% 10.44% -6.17% -6.26% -19.70% -29.92% -0.22%
Other Income -0.04 0.18 0.10 0.10 0.16 0.42 0.26 8.86 9.24 18.10 18.97 7.35
Interest 0.97 1.61 1.68 1.37 2.01 3.21 3.06 2.62 2.59 2.27 1.95 1.92
Depreciation 0.16 0.14 0.25 0.29 0.48 1.05 1.05 1.06 1.07 1.13 1.10 1.14
Profit before tax 0.59 2.01 2.06 1.92 6.63 5.11 2.87 2.07 1.64 4.47 3.58 4.13
Tax % 37.29% 13.93% 33.50% 33.33% -52.19% 53.03% 58.19% 34.30% 49.39% 12.30% 11.17%
Net Profit 0.38 1.73 1.37 1.28 10.08 2.41 1.20 1.36 0.83 3.92 3.18 3.68
EPS in Rs 3.45 14.63 9.99 8.67 35.01 8.37 0.59 0.67 0.41 1.93 1.57 1.81
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.45% 12.21% 0.00% 0.00%
Compounded Sales Growth
10 Years: 2%
5 Years: -11%
3 Years: -6%
TTM: 17%
Compounded Profit Growth
10 Years: 22%
5 Years: 6%
3 Years: 31%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -30%
1 Year: 43%
Return on Equity
10 Years: 12%
5 Years: 6%
3 Years: 7%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
1.10 1.18 1.37 1.48 2.88 2.88 20.27 20.27 20.27 20.27 20.27 20.27
Reserves 1.85 4.31 6.25 8.06 17.62 20.21 16.95 13.71 14.42 18.15 21.38 23.49
Borrowings 6.56 9.11 14.80 12.80 17.90 21.21 22.55 18.44 19.18 18.18 13.95 11.22
8.58 19.45 18.17 13.34 13.92 27.51 26.04 20.56 16.25 27.16 17.07 31.67
Total Liabilities 18.09 34.05 40.59 35.68 52.32 71.81 85.81 72.98 70.12 83.76 72.67 86.65
2.22 4.00 4.46 4.61 16.84 16.59 15.80 14.35 13.92 13.42 14.85 14.31
CWIP 1.21 0.50 2.40 4.99 0.13 0.17 0.14 0.18 0.09 0.00 0.33 0.34
Investments 0.01 0.00 0.00 0.00 0.00 0.00 0.35 0.37 0.40 0.00 0.00 0.00
14.65 29.55 33.73 26.08 35.35 55.05 69.52 58.08 55.71 70.34 57.49 72.00
Total Assets 18.09 34.05 40.59 35.68 52.32 71.81 85.81 72.98 70.12 83.76 72.67 86.65

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0.00 -0.11 -2.63 4.85 0.70 -0.42 -6.58 -0.41 2.48 3.13 9.02
0.00 0.00 0.00 0.00 0.00 -0.81 -2.46 5.10 -0.51 0.19 -2.73
0.00 0.00 0.00 0.00 0.00 0.74 11.06 -6.69 -1.92 -3.33 -6.16
Net Cash Flow 0.00 -0.11 -2.63 4.85 0.70 -0.49 2.03 -2.00 0.06 -0.01 0.13

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 32.47 33.26 25.84 25.47 44.87 74.59 167.62 174.65 116.81 149.33 146.74
Inventory Days 105.75 85.96 122.66 88.09 85.73 105.25 130.37 135.30 128.16 218.24 278.52
Days Payable 127.39 152.04 99.28 67.48 98.22 168.06 233.32 146.79 73.98 166.64 114.74
Cash Conversion Cycle 10.82 -32.82 49.21 46.08 32.39 11.79 64.67 163.15 170.99 200.93 310.51
Working Capital Days 57.64 63.43 117.82 90.33 97.37 85.69 216.43 280.68 238.73 312.79 363.23
ROCE % 30.03% 20.21% 14.70% 28.45% 20.12% 11.40% 8.49% 7.94% 12.20% 9.86%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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