Alkyl Amines Chemicals Ltd

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
10 manufacturing plants at Kurkumbh, Pune
2 Manufacturing plants at Patalganga, Raigad
2 Manufacturing plant at Dahej, Gujarat

See full details
  • Market Cap 20,108 Cr.
  • Current Price 3,937
  • High / Low 4,749 / 1,138
  • Stock P/E 62.6
  • Book Value 155
  • Dividend Yield 0.25 %
  • ROCE 55.8 %
  • ROE 44.6 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 42.85% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 39.35%
  • Company has been maintaining a healthy dividend payout of 18.59%
  • Company's median sales growth is 21.93% of last 10 years

Cons

  • Stock is trading at 25.38 times its book value

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
218 213 237 266 235 257 235 245 291 324 382 392
169 174 199 207 177 184 167 168 196 201 249 281
Operating Profit 49 39 38 59 58 73 68 77 95 123 133 111
OPM % 23% 18% 16% 22% 25% 28% 29% 32% 33% 38% 35% 28%
Other Income 1 3 2 1 1 35 3 1 3 2 1 2
Interest 4 4 3 4 3 2 2 2 2 1 1 1
Depreciation 6 6 6 6 7 7 7 7 7 8 7 8
Profit before tax 41 32 30 50 50 99 61 70 89 116 126 104
Tax % 35% 31% 42% 30% -9% 22% 19% 24% 27% 27% 27% 25%
Net Profit 26 22 18 35 54 77 49 53 65 84 93 79
EPS in Rs 5.18 4.34 3.44 6.88 10.57 15.12 9.65 10.35 12.84 16.57 18.16 15.38

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
214 236 288 366 446 476 484 501 616 846 993 1,242 1,389
183 205 246 308 362 390 393 405 499 682 736 812 927
Operating Profit 31 31 42 58 85 87 91 95 118 164 257 430 462
OPM % 14% 13% 15% 16% 19% 18% 19% 19% 19% 19% 26% 35% 33%
Other Income 4 2 3 1 2 2 2 1 2 4 40 6 8
Interest 12 10 12 13 12 10 8 8 8 15 10 6 6
Depreciation 9 9 9 10 10 11 13 14 16 23 27 29 30
Profit before tax 15 14 24 36 65 67 72 74 96 130 260 401 435
Tax % 32% 24% 28% 33% 34% 32% 31% 32% 33% 36% 17% 26%
Net Profit 10 10 17 24 43 45 50 50 64 84 215 295 321
EPS in Rs 1.97 2.04 3.36 4.69 8.41 8.91 9.77 9.87 12.61 16.42 42.21 57.91 62.95
Dividend Payout % 31% 29% 24% 21% 19% 18% 41% 20% 22% 20% 19% 17%
Compounded Sales Growth
10 Years:18%
5 Years:21%
3 Years:26%
TTM:43%
Compounded Profit Growth
10 Years:40%
5 Years:43%
3 Years:66%
TTM:55%
Stock Price CAGR
10 Years:72%
5 Years:98%
3 Years:158%
1 Year:211%
Return on Equity
10 Years:33%
5 Years:35%
3 Years:39%
Last Year:45%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
10 10 10 10 10 10 10 10 10 10 10 10
Reserves 59 66 79 97 130 165 189 235 287 355 526 782
Borrowings 114 120 123 146 151 135 111 120 181 165 87 48
51 53 61 79 98 93 95 147 159 218 160 306
Total Liabilities 234 249 273 332 388 402 406 512 637 749 783 1,145
98 98 122 126 155 151 187 220 355 376 423 458
CWIP 14 23 6 9 3 31 16 35 18 43 45 138
Investments 2 2 2 2 2 2 2 1 1 1 0 30
120 126 143 195 229 218 201 256 262 328 315 519
Total Assets 234 249 273 332 388 402 406 512 637 749 783 1,145

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
43 24 36 22 46 61 101 63 102 144 188 364
-10 -18 -19 -27 -26 -31 -35 -65 -132 -67 -41 -213
-35 -9 -13 5 -13 -36 -68 -2 32 -60 -135 -86
Net Cash Flow -2 -2 4 0 7 -6 -2 -3 2 17 12 65

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 66 73 77 76 73 76 68 71 73 66 60 67
Inventory Days 180 166 124 141 133 105 92 165 99 88 67 91
Days Payable 70 70 63 73 79 58 63 120 78 104 57 133
Cash Conversion Cycle 176 170 137 143 128 123 96 116 94 51 71 24
Working Capital Days 141 116 99 105 96 93 87 84 76 56 54 34
ROCE % 14% 13% 18% 21% 28% 26% 26% 24% 25% 29% 41% 56%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
74.19 74.19 74.19 74.19 74.19 74.19 74.19 74.19 74.14 74.13 74.13 74.09
1.34 0.65 0.59 0.52 0.38 0.43 0.67 0.41 0.38 0.95 0.90 1.03
0.09 0.11 0.11 0.37 0.70 1.10 1.73 2.21 1.84 1.78 1.53 1.11
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.46 0.00
24.37 25.05 25.10 24.92 24.72 24.28 23.40 23.18 23.63 23.13 22.98 23.77

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