Alkyl Amines Chemicals Ltd

About [ edit ]

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, Ethylene and Propanol.

Key Points [ edit ]
  • Market Cap 16,615 Cr.
  • Current Price 8,138
  • High / Low 8,800 / 1,676
  • Stock P/E 66.0
  • Book Value 311
  • Dividend Yield 0.25 %
  • ROCE 41.1 %
  • ROE 42.0 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 33.04% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.07%
  • Company has been maintaining a healthy dividend payout of 20.24%

Cons

  • Stock is trading at 26.20 times its book value

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
174 178 218 213 237 266 235 257 235 245 291 324
134 141 169 174 199 207 177 184 167 168 196 201
Operating Profit 40 37 49 39 38 59 58 73 68 77 95 123
OPM % 23% 21% 23% 18% 16% 22% 25% 28% 29% 32% 33% 38%
Other Income 0 0 1 3 2 1 1 35 3 1 3 2
Interest 3 4 4 4 3 4 3 2 2 2 2 1
Depreciation 4 6 6 6 6 6 7 7 7 7 7 8
Profit before tax 34 27 41 32 30 50 50 99 61 70 89 116
Tax % 32% 36% 35% 31% 42% 30% -9% 22% 19% 24% 27% 27%
Net Profit 23 18 26 22 18 35 54 77 49 53 65 84
EPS in Rs 11.42 8.66 12.95 10.84 8.60 17.20 26.42 37.80 24.13 25.88 32.08 41.39

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
197 214 236 288 366 446 476 484 501 616 846 993 1,095
175 183 205 246 308 362 390 393 405 499 682 736 732
Operating Profit 21 31 31 42 58 85 87 91 95 117 164 257 363
OPM % 11% 14% 13% 15% 16% 19% 18% 19% 19% 19% 19% 26% 33%
Other Income 5 4 2 3 1 2 2 2 1 2 4 40 8
Interest 12 12 10 12 13 12 10 8 8 8 15 10 7
Depreciation 7 9 9 9 10 10 11 13 14 16 23 27 29
Profit before tax 8 15 14 24 36 65 67 72 74 96 130 260 336
Tax % 33% 32% 24% 28% 33% 34% 32% 31% 32% 33% 36% 17%
Net Profit 6 10 10 17 24 43 45 50 50 64 84 215 252
EPS in Rs 2.70 4.92 5.10 8.41 11.73 21.02 22.27 24.44 24.69 31.52 41.06 105.55 123.48
Dividend Payout % 37% 31% 29% 24% 21% 19% 18% 41% 20% 22% 20% 19%
Compounded Sales Growth
10 Years:17%
5 Years:16%
3 Years:26%
TTM:10%
Compounded Profit Growth
10 Years:34%
5 Years:33%
3 Years:55%
TTM:60%
Stock Price CAGR
10 Years:69%
5 Years:91%
3 Years:133%
1 Year:364%
Return on Equity
10 Years:29%
5 Years:30%
3 Years:32%
Last Year:42%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 53 59 66 79 97 130 165 189 235 287 355 526 624
Borrowings 133 114 120 123 146 151 135 111 120 181 165 87 35
55 51 53 61 79 98 93 95 147 159 218 160 244
Total Liabilities 251 234 249 273 332 388 402 406 512 637 749 783 913
103 98 98 122 126 155 151 187 220 355 376 423 427
CWIP 7 14 23 6 9 3 31 16 35 18 43 45 68
Investments 2 2 2 2 2 2 2 2 1 1 1 0 0
139 120 126 143 195 229 218 201 256 262 328 315 418
Total Assets 251 234 249 273 332 388 402 406 512 637 749 783 913

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
22 43 24 36 22 46 61 101 63 102 144 188
-22 -10 -18 -19 -27 -26 -31 -35 -65 -132 -67 -41
3 -35 -9 -13 5 -13 -36 -68 -2 32 -60 -135
Net Cash Flow 3 -2 -2 4 0 7 -6 -2 -3 2 17 12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 11% 14% 13% 18% 21% 28% 26% 26% 24% 25% 29% 41%
Debtor Days 70 66 73 77 76 73 76 68 71 73 66 60
Inventory Turnover 2.08 2.25 2.82 3.59 3.87 3.59 3.86 4.54 3.42 3.86 5.50 5.83

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.19 74.19 74.19 74.19 74.19 74.19 74.19 74.19 74.19 74.14 74.13 74.13
1.55 1.34 0.65 0.59 0.52 0.38 0.43 0.67 0.41 0.38 0.95 0.90
0.07 0.09 0.11 0.11 0.37 0.70 1.10 1.73 2.21 1.84 1.78 1.53
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.46
24.19 24.37 25.05 25.10 24.92 24.72 24.28 23.40 23.18 23.63 23.13 22.98

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