Andhra Petrochemicals Ltd

₹ 82.6 0.24%
12 Aug - close price
About

The Co. is a JV company promoted by The Andhra Pradesh Industrial Development Corporation and The Andhra Sugars Ltd. The Company is the sole manufacturer of Oxo-Alcohols in India employing the state-of-the-art technology "Selector-30" provided by Davy Process Technology, London, UK. [1]

Key Points

Product Offerings FY20
2 Ethyl Hexanol(77%): Application in resins, animal fats, vegetable oils, dyestuffs & coating industries. The main application is as a feedstock in the manufacture of Di-Octyl Phthalate (DOP or DEHP).
Butanols (23%): Co. provides two types of butanols under the segment:
i).Normal Butanol: Used in Coatings Textiles, Intermediate for glycol ethers Flotation agents, Cleaners and floor polishes, Additive in gasoline, Chemical intermediate (esters, alkylamines), etc.
ii).IsoButanol: Used in Flotation agents, Floor polishes, Additive in gasoline, Agricultural chemicals intermediate, etc.[1][2]

  • Market Cap 702 Cr.
  • Current Price 82.6
  • High / Low 180 / 72.0
  • Stock P/E 3.63
  • Book Value 59.3
  • Dividend Yield 3.63 %
  • ROCE 63.6 %
  • ROE 56.2 %
  • Face Value 10.0
Banchhanidhi Mohanty
Banchhanidhi Mohanty
He stirred people against the atrocity of the government though his poems. He demonstrated the evils of British rules, caste distinction, superstition and intoxication through his plays.
Unsung Heroes →
Sher Ali Afridi
Sher Ali Afridi
Sher Ali stabbed Lord Mayo in 1872. The Viceroy's assassination shocked British India and Great Britain.
Unsung Heroes →

Pros

  • Stock is providing a good dividend yield of 3.63%.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 108% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 35.5%

Cons

* 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

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
144 129 110 73 58 134 156 218 244 243 241 238 246
120 109 105 90 56 118 113 141 144 141 164 208 205
Operating Profit 24 20 5 -17 2 15 42 77 100 102 77 30 41
OPM % 17% 15% 5% -24% 4% 11% 27% 35% 41% 42% 32% 13% 17%
1 1 1 1 1 1 1 1 2 4 3 5 4
Interest 0 0 0 0 2 2 2 2 2 2 2 2 2
Depreciation 3 4 3 3 3 4 4 3 3 4 4 4 4
Profit before tax 21 17 3 -19 -3 11 38 72 97 101 75 29 39
Tax % 35% 33% 18% 31% 33% 35% 35% 35% 35% 14% 26% 24% 25%
Net Profit 14 11 2 -13 -2 7 24 47 63 86 55 22 29
EPS in Rs 1.63 1.31 0.27 -1.58 -0.23 0.81 2.88 5.53 7.38 10.18 6.51 2.61 3.44

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
457 597 563 259 140 334 329 520 666 456 566 965 967
368 526 535 275 170 345 316 453 557 423 429 656 717
Operating Profit 89 71 28 -16 -30 -11 13 66 109 32 137 309 251
OPM % 19% 12% 5% -6% -21% -3% 4% 13% 16% 7% 24% 32% 26%
3 8 -1 5 1 8 1 2 3 3 4 15 16
Interest 17 13 9 6 10 13 16 12 6 2 9 9 9
Depreciation 23 23 14 13 9 10 9 9 10 13 14 14 14
Profit before tax 52 44 5 -30 -47 -26 -11 47 95 21 118 301 244
Tax % 31% 33% 33% 15% 6% 10% 32% 2% 26% 35% 35% 25%
Net Profit 36 30 3 -26 -45 -24 -7 46 70 14 76 227 193
EPS in Rs 4.19 3.53 0.37 -3.02 -5.24 -2.79 -0.87 5.47 8.22 1.63 9.00 26.68 22.74
Dividend Payout % 24% 14% 0% 0% 0% 0% 0% 0% 18% 0% 17% 11%
Compounded Sales Growth
10 Years: 5%
5 Years: 24%
3 Years: 13%
TTM: 29%
Compounded Profit Growth
10 Years: 22%
5 Years: 108%
3 Years: 48%
TTM: 37%
Stock Price CAGR
10 Years: 15%
5 Years: 25%
3 Years: 27%
1 Year: -51%
Return on Equity
10 Years: 16%
5 Years: 36%
3 Years: 36%
Last Year: 56%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
85 85 85 85 85 85 85 85 85 85 85 85
Reserves 103 128 131 105 59 32 28 73 142 138 219 419
146 64 63 48 77 79 111 71 14 85 79 88
51 47 51 54 44 46 40 18 20 29 64 51
Total Liabilities 385 323 331 292 265 243 264 247 261 337 446 642
256 237 224 212 200 192 184 181 172 247 235 224
CWIP 2 0 0 0 0 0 0 1 0 0 0 7
Investments 5 5 5 15 15 14 8 5 21 32 150 118
122 81 101 65 49 36 73 59 68 58 61 294
Total Assets 385 323 331 292 265 243 264 247 261 337 446 642

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
62 37 14 13 -32 -17 -14 60 79 41 125 177
-17 1 2 -10 1 -1 12 -8 -15 -15 -112 -167
2 -92 -5 -15 34 16 2 -52 -63 -24 -7 -17
Net Cash Flow 47 -54 10 -12 2 -2 -0 1 1 1 6 -7

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 16 14 4 2 2 4 24 24 20 5 3 1
Inventory Days 32 31 46 66 75 28 52 16 15 38 34 39
Days Payable 8 3 7 33 26 5 8 6 4 10 17 5
Cash Conversion Cycle 41 42 42 35 51 27 68 34 31 33 20 36
Working Capital Days 15 24 30 39 39 -0 17 -4 21 21 9 66
ROCE % 22% 19% 6% -9% -16% -10% 3% 26% 43% 8% 37% 64%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
45.05 45.04 45.04 45.04 45.04 45.04 45.04 45.04 45.04 45.04 45.04 45.04
0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.30 0.19 0.53 0.35
0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.02 0.03 0.02 0.02 0.02
54.90 54.93 54.93 54.93 54.93 54.93 54.93 54.88 54.62 54.74 54.40 54.58

Documents

Maninder Nath Banerjee
Maninder Nath Banerjee
He did a hunger strike at Fatehgarh jail for the better treatment of political prisoners. After a 66 days of hunger, he died on 20 June 1934 in the lap of a fellow prisoner Manmath Nath Gupt.
Unsung Heroes →
Bhikubhai Gomansinh Solanki
Bhikubhai Gomansinh Solanki
He helped in liberation of Dadra and Nagar Haveli. He strategically coordinated with freedom fighters and captured Naroli during the time of floods. People of Naroli called him Kazi because he solved the problems of people.
Unsung Heroes →