Amines & Plasticizers Ltd

Amines & Plasticizers Ltd

₹ 274 -1.65%
11 Dec 4:00 p.m.
About

Amines & Plasticisers is engaged in the production of alkyl alkanolamines, morpholine, alkyl morpholine and gas treating solvents having end-use in oil refineries, natural gas plants, ammonia plants, petrochemical plants, pharmaceuticals and agrochemicals. The Company manufactures over 50 different varieties of amines and Agrochemicals. [1] [2]

Key Points

Product Portfolio
The Company manufactures over 60 different varieties of organic chemicals/amines/solvents /fertilizers. The main products manufactured are Methyl Diethonalamine (MDEA) and N Methyl Morpholine Oxide (NMMO) which are used in Petrochemicals and Oil refineries, Gas plants, and Textiles. [1]
During FY22, Co ventured into trading of molecular sieves which are used in Industrial Gases, Fuel Ethanol Production, miscellaneous petrochemicals, a liquid used in an oxygen concentrator, drying agent, packaging industries, polymer processing, and many such industries. [2]

  • Market Cap 1,518 Cr.
  • Current Price 274
  • High / Low 360 / 146
  • Stock P/E 36.8
  • Book Value 42.9
  • Dividend Yield 0.18 %
  • ROCE 23.3 %
  • ROE 19.8 %
  • Face Value 2.00

Pros

Cons

  • The company has delivered a poor sales growth of 7.29% over past five years.
  • Dividend payout has been low at 9.38% of profits over last 3 years

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
133.17 142.66 152.76 138.40 131.39 160.63 166.88 137.00 157.40 175.27 177.34 137.48 166.64
122.26 135.27 143.00 127.55 122.86 151.42 153.01 122.86 141.48 158.25 155.30 122.68 150.36
Operating Profit 10.91 7.39 9.76 10.85 8.53 9.21 13.87 14.14 15.92 17.02 22.04 14.80 16.28
OPM % 8.19% 5.18% 6.39% 7.84% 6.49% 5.73% 8.31% 10.32% 10.11% 9.71% 12.43% 10.77% 9.77%
1.56 1.26 1.09 0.56 0.17 0.90 1.04 0.49 1.10 0.98 0.13 0.38 0.46
Interest 2.16 2.36 2.35 2.59 2.55 2.45 2.51 2.92 3.52 3.33 3.32 2.29 2.38
Depreciation 1.04 1.20 1.10 1.21 1.21 1.21 1.21 1.22 1.27 1.28 1.36 1.35 1.37
Profit before tax 9.27 5.09 7.40 7.61 4.94 6.45 11.19 10.49 12.23 13.39 17.49 11.54 12.99
Tax % 25.57% 29.08% 24.73% 25.36% 26.72% 23.72% 23.59% 24.59% 25.59% 26.21% 25.96% 25.04% 24.71%
6.90 3.60 5.56 5.69 3.61 4.92 8.55 7.92 9.09 9.88 12.94 8.66 9.78
EPS in Rs 1.25 0.65 1.01 1.03 0.66 0.89 1.55 1.44 1.65 1.80 2.35 1.57 1.78
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
192 244 302 262 295 326 455 399 442 563 597 647 657
179 227 279 239 267 298 421 357 389 523 555 578 587
Operating Profit 13 17 23 23 28 28 34 42 53 40 42 69 70
OPM % 7% 7% 8% 9% 10% 9% 7% 10% 12% 7% 7% 11% 11%
0 0 -0 0 1 4 3 1 5 5 3 3 2
Interest 9 10 10 8 6 7 8 9 10 9 10 13 11
Depreciation 2 2 2 2 2 3 3 3 4 4 5 5 5
Profit before tax 2 5 10 14 21 23 26 30 44 32 30 54 55
Tax % 49% 39% 38% 34% 30% 36% 36% 19% 26% 26% 24% 26%
1 3 6 9 15 15 16 25 33 24 23 40 41
EPS in Rs 0.23 0.60 1.14 1.64 2.69 2.68 2.99 4.47 5.92 4.34 4.16 7.24 7.50
Dividend Payout % 22% 17% 9% 24% 11% 11% 10% 7% 0% 9% 12% 7%
Compounded Sales Growth
10 Years: 10%
5 Years: 7%
3 Years: 14%
TTM: 6%
Compounded Profit Growth
10 Years: 28%
5 Years: 19%
3 Years: 7%
TTM: 35%
Stock Price CAGR
10 Years: 36%
5 Years: 53%
3 Years: 30%
1 Year: 64%
Return on Equity
10 Years: 21%
5 Years: 20%
3 Years: 16%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 11 11 11 11 11 11 11 11 11 11
Reserves 20 22 28 30 44 57 71 97 130 151 172 209 225
56 54 62 59 59 54 79 58 74 72 85 85 80
52 62 43 40 47 68 91 65 91 76 77 84 104
Total Liabilities 133 144 138 140 161 190 252 232 305 310 344 389 420
30 35 36 35 36 40 43 75 73 84 80 80 81
CWIP 6 7 8 8 10 11 23 3 11 3 5 3 2
Investments 1 1 0 0 0 0 0 0 0 0 1 1 1
95 101 95 97 115 139 186 154 221 223 258 305 336
Total Assets 133 144 138 140 161 190 252 232 305 310 344 389 420

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 20 7 14 10 22 10 31 44 -27 5 47
-4 -7 -3 -1 -5 -4 -16 -17 -6 -4 -2 -1
-2 -12 -3 -13 -5 -14 12 -22 6 -13 0 -16
Net Cash Flow -0 1 0 -1 0 4 6 -8 44 -43 3 30

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 67 62 49 54 55 49 62 63 73 66 74 55
Inventory Days 97 78 62 64 76 98 65 84 73 81 66 76
Days Payable 110 100 57 61 72 92 83 76 100 56 54 57
Cash Conversion Cycle 55 39 54 57 60 55 43 71 47 91 86 75
Working Capital Days 71 49 57 72 77 67 59 75 70 95 109 106
ROCE % 15% 19% 23% 22% 26% 25% 24% 26% 28% 18% 16% 23%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17% 73.17%
26.83% 26.83% 26.83% 26.84% 26.84% 26.82% 26.83% 26.82% 26.83% 26.83% 26.82% 26.83%
No. of Shareholders 10,45810,96110,99710,54310,28110,2009,8568,8458,3708,3489,1949,944

Documents