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 12,129 Cr.
  • Current Price 5,941
  • High / Low 6,300 / 1,428
  • Stock P/E 64.0
  • Book Value 263
  • Dividend Yield 0.34 %
  • ROCE 41.3 %
  • ROE 41.4 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 33.26% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.56%
  • Company has been maintaining a healthy dividend payout of 20.31%

Cons

  • Stock is trading at 22.60 times its book value

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
178 218 213 237 266 235 257 235
141 169 174 199 207 177 184 167
Operating Profit 37 49 39 38 59 58 73 68
OPM % 21% 23% 18% 16% 22% 25% 28% 29%
Other Income 2 1 3 3 3 2 18 3
Interest 4 4 4 3 4 3 2 2
Depreciation 6 6 6 6 6 7 7 7
Profit before tax 29 41 32 32 52 51 82 61
Tax % 34% 35% 31% 40% 30% -9% 26% 19%
Net Profit 19 27 22 19 37 55 60 49
EPS in Rs 9.45 13.09 10.90 9.28 17.98 26.93 29.62 24.13

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
197 214 236 288 366 446 476 484 501 616 846 993
175 183 205 245 308 361 390 393 405 499 682 736
Operating Profit 21 32 31 42 58 85 87 91 95 117 164 257
OPM % 11% 15% 13% 15% 16% 19% 18% 19% 19% 19% 19% 26%
Other Income 6 6 2 3 1 2 2 3 3 4 6 26
Interest 12 12 10 12 13 12 10 8 8 8 15 10
Depreciation 7 9 9 9 10 10 11 13 14 16 23 27
Profit before tax 8 18 14 24 36 65 67 73 75 97 133 246
Tax % 33% 28% 24% 27% 33% 33% 32% 31% 31% 32% 35% 18%
Net Profit 6 13 14 18 24 43 45 50 52 66 86 201
EPS in Rs 2.76 6.26 6.84 8.62 11.87 21.21 22.13 24.53 25.41 32.36 42.21 98.70
Dividend Payout % 36% 24% 22% 23% 21% 19% 18% 41% 20% 22% 19% 20%
Compounded Sales Growth
10 Years:17%
5 Years:16%
3 Years:26%
TTM:17%
Compounded Profit Growth
10 Years:31%
5 Years:33%
3 Years:54%
TTM:120%
Stock Price CAGR
10 Years:64%
5 Years:80%
3 Years:108%
1 Year:241%
Return on Equity
10 Years:28%
5 Years:29%
3 Years:32%
Last Year:41%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
10 10 10 10 10 10 10 10 10 10 10 10
Reserves 56 64 75 88 106 140 174 199 246 299 369 526
Borrowings 133 114 120 123 146 151 135 111 120 181 165 87
54 51 52 60 78 98 93 95 147 159 218 160
Total Liabilities 254 238 258 282 341 398 412 416 522 649 763 783
103 98 98 122 126 155 151 187 220 355 376 423
CWIP 7 14 23 6 9 3 31 16 35 18 43 45
Investments 4 6 10 10 10 10 10 10 12 13 16 0
139 121 126 144 195 230 220 203 256 262 328 315
Total Assets 254 238 258 282 341 398 412 416 522 649 763 783

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 47 61 101 63 102 144 188
-22 -10 -17 -19 -27 -27 -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

Consolidated Figures in Rs. Crores / View Standalone

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% 15% 12% 17% 20% 28% 25% 25% 24% 25% 28% 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 4.06 3.76 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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