Alkyl Amines Chemicals Ltd

Alkyl Amines Chemicals Ltd

₹ 2,140 -0.16%
01 Mar 12:33 p.m.
About

Incorporated in 1979 by Mr Yogesh Kothari, Alkyl Amines is a leading manufacturer of aliphatic amines in India. Aliphatic amines are products derived from Ammonia (NH3) by displacement of H2 in the Ammonia molecule by other radicals (R) such as Methyl, Ethyl and Propyl.

Key Points

Business Leadership
100+ products, most developed inhouse
Global leader in Ethyl amines.
One of the leading players globally in DEHA
One of the largest producers of DMA-HCL
Leading producer of Acetonitrile with a unique process [1]

  • Market Cap 10,940 Cr.
  • Current Price 2,140
  • High / Low 2,798 / 2,119
  • Stock P/E 68.8
  • Book Value 234
  • Dividend Yield 0.47 %
  • ROCE 27.9 %
  • ROE 21.5 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%
  • Company has been maintaining a healthy dividend payout of 20.8%

Cons

  • Stock is trading at 9.20 times its book value

* 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: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
324 382 392 349 377 425 473 409 388 412 410 352 322
201 249 281 273 310 352 358 328 319 335 336 304 262
Operating Profit 123 133 111 75 67 73 116 81 70 77 74 48 60
OPM % 38% 35% 28% 22% 18% 17% 24% 20% 18% 19% 18% 14% 19%
2 1 2 4 5 4 4 2 5 3 5 2 5
Interest 1 1 1 1 1 1 1 1 1 1 1 2 1
Depreciation 8 7 8 8 8 12 12 11 11 12 12 13 17
Profit before tax 116 126 104 71 62 65 107 71 63 67 66 36 46
Tax % 27% 27% 25% 24% 26% 28% 24% 27% 27% 28% 25% 25% 28%
84 93 79 54 46 46 82 52 46 49 50 27 33
EPS in Rs 16.57 18.16 15.38 10.59 8.98 9.09 16.03 10.26 8.94 9.52 9.74 5.33 6.54
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
288 366 446 476 484 501 616 846 993 1,242 1,542 1,682 1,496
246 308 362 390 393 405 499 682 736 812 1,216 1,335 1,237
Operating Profit 42 58 85 87 91 95 118 164 257 430 326 347 259
OPM % 15% 16% 19% 18% 19% 19% 19% 19% 26% 35% 21% 21% 17%
3 1 2 2 2 1 2 4 40 6 14 10 15
Interest 12 13 12 10 8 8 8 15 10 6 3 3 5
Depreciation 9 10 10 11 13 14 16 23 27 29 35 45 53
Profit before tax 24 36 65 67 72 74 96 130 260 401 302 309 216
Tax % 28% 33% 34% 32% 31% 32% 33% 36% 17% 26% 26% 26%
17 24 43 45 50 50 64 84 215 295 225 229 159
EPS in Rs 3.36 4.69 8.41 8.91 9.77 9.87 12.61 16.42 42.21 57.91 44.04 44.75 31.13
Dividend Payout % 24% 21% 19% 18% 41% 20% 22% 20% 19% 17% 23% 22%
Compounded Sales Growth
10 Years: 16%
5 Years: 22%
3 Years: 19%
TTM: -12%
Compounded Profit Growth
10 Years: 25%
5 Years: 29%
3 Years: 7%
TTM: -30%
Stock Price CAGR
10 Years: 46%
5 Years: 49%
3 Years: 1%
1 Year: -15%
Return on Equity
10 Years: 29%
5 Years: 30%
3 Years: 29%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 79 97 130 165 189 235 287 355 526 782 980 1,159 1,185
123 146 151 135 111 120 181 165 87 47 23 85 94
61 79 98 93 95 147 159 218 160 306 359 336 280
Total Liabilities 273 332 388 402 406 512 637 749 783 1,145 1,371 1,590 1,568
122 126 155 151 187 220 355 376 423 458 629 719 803
CWIP 6 9 3 31 16 35 18 43 45 138 143 352 333
Investments 2 2 2 2 2 1 1 1 0 30 0 0 0
143 195 229 218 201 256 262 328 315 520 600 519 433
Total Assets 273 332 388 402 406 512 637 749 783 1,145 1,371 1,590 1,568

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
36 22 46 61 101 63 102 144 188 364 205 248
-19 -27 -26 -31 -35 -65 -132 -67 -41 -213 -206 -277
-13 5 -13 -36 -68 -2 32 -60 -135 -86 -57 8
Net Cash Flow 4 0 7 -6 -2 -3 2 17 12 65 -58 -21

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 77 76 73 76 68 71 73 66 60 67 66 56
Inventory Days 124 141 133 105 92 165 99 88 67 91 76 82
Days Payable 63 73 79 58 63 120 78 104 57 133 105 84
Cash Conversion Cycle 137 143 128 123 96 116 94 51 71 25 36 53
Working Capital Days 99 105 96 93 87 84 76 56 54 34 40 46
ROCE % 18% 21% 28% 26% 26% 24% 25% 29% 41% 56% 33% 28%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.13% 74.09% 72.03% 72.03% 72.03% 72.00% 71.99% 71.99% 71.98% 71.96% 71.96% 71.95%
0.90% 1.03% 2.29% 2.22% 2.22% 2.28% 2.32% 2.69% 2.79% 2.86% 2.92% 2.94%
1.53% 1.11% 1.13% 1.27% 1.05% 1.26% 1.11% 1.12% 1.15% 1.16% 1.13% 1.07%
0.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
22.98% 23.77% 24.55% 24.48% 24.70% 24.46% 24.57% 24.20% 24.08% 24.01% 24.00% 24.05%
No. of Shareholders 59,8131,11,4771,73,6291,93,5392,13,3052,15,3272,16,5122,08,3342,03,6772,01,8591,99,7811,97,171

* 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.

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Documents

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