Astec Lifesciences Ltd

About [ edit ]

The Company is into manufacturing of agrochemical active ingredients (technical), bulk and formulations, intermediate products and it sells its products in India as well as exports them to approximately 24 countries.
Astec also has undertaken a number of custom synthesis projects, for its clients in Europe, Japan and the US. It is present only in business to business sale (B2B).# # #

Key Points [ edit ]
  • Market Cap 2,484 Cr.
  • Current Price 1,266
  • High / Low 1,367 / 572
  • Stock P/E 38.2
  • Book Value 158
  • Dividend Yield 0.12 %
  • ROCE 22.3 %
  • ROE 23.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 59.89% CAGR over last 5 years

Cons

  • Stock is trading at 8.02 times its book value
  • Company might be capitalizing the interest cost
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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 Jun 2020 Sep 2020 Dec 2020 Mar 2021
65 113 119 134 77 140 125 181 112 155 116 172
56 89 98 111 71 125 104 138 84 126 100 134
Operating Profit 9 23 21 23 6 15 21 43 28 30 16 38
OPM % 13% 21% 18% 17% 8% 11% 17% 24% 25% 19% 13% 22%
Other Income 0 2 3 6 1 2 4 5 1 2 3 2
Interest 3 3 4 3 3 4 3 2 2 1 1 1
Depreciation 4 4 5 5 6 6 6 6 6 6 7 7
Profit before tax 2 18 15 20 -2 8 16 40 22 24 11 32
Tax % 39% 35% 35% 37% 35% 32% 22% 21% 26% 25% 37% 26%
Net Profit 1 12 10 13 -1 5 12 31 16 18 7 24
EPS in Rs 0.76 5.92 5.09 6.51 -0.57 2.70 6.21 15.93 8.27 9.12 3.61 12.23

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
112 109 112 174 207 267 233 299 368 431 523 555
87 94 97 147 171 213 201 236 314 354 437 443
Operating Profit 25 16 16 27 35 54 32 63 54 76 85 112
OPM % 22% 14% 14% 16% 17% 20% 14% 21% 15% 18% 16% 20%
Other Income 1 1 1 1 -0 -16 4 -8 27 11 12 8
Interest 5 4 6 7 9 13 13 12 11 12 13 5
Depreciation 4 6 9 12 15 13 10 14 15 19 23 26
Profit before tax 17 7 2 9 11 13 12 29 56 56 61 89
Tax % 20% 30% 29% 32% 22% -17% 59% 33% 37% 36% 23% 27%
Net Profit 13 5 1 6 9 15 5 19 35 36 48 65
EPS in Rs 7.80 2.89 0.81 3.30 4.68 7.60 2.55 9.80 17.87 18.28 24.28 33.21
Dividend Payout % 13% 17% 62% 23% 21% 16% 0% 15% 8% 8% 6% 5%
Compounded Sales Growth
10 Years:18%
5 Years:19%
3 Years:15%
TTM:6%
Compounded Profit Growth
10 Years:29%
5 Years:60%
3 Years:26%
TTM:37%
Stock Price CAGR
10 Years:38%
5 Years:41%
3 Years:23%
1 Year:111%
Return on Equity
10 Years:17%
5 Years:21%
3 Years:22%
Last Year:23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
17 17 17 18 19 19 19 20 20 20 20 20
Reserves 76 80 80 87 95 116 99 119 150 183 227 290
Borrowings 37 41 74 73 83 93 127 127 125 176 99 187
24 36 60 83 88 133 85 69 119 83 226 181
Total Liabilities 154 174 231 261 284 362 330 334 413 461 572 678
44 73 76 121 132 133 95 103 115 167 194 217
CWIP 8 9 44 13 6 12 20 8 42 19 24 112
Investments 26 8 12 0 0 0 0 0 0 0 0 0
77 84 100 127 146 216 215 223 256 275 354 349
Total Assets 154 174 231 261 284 362 330 334 413 461 572 678

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 16 0 16 15 7 -13 19 65 15 168 -8
-59 -17 0 -13 -19 -19 -17 -18 -49 -52 -74 -73
49 2 0 -2 3 12 31 -1 -18 37 -95 81
Net Cash Flow 1 1 0 1 -1 -0 2 1 -3 -0 0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 21% 8% 5% 9% 11% 20% 12% 20% 22% 20% 20% 22%
Debtor Days 106 114 103 131 91 142 126 135 122 103 112 123
Inventory Turnover 2.53 2.40 1.91 2.52 2.29 2.58 2.25 2.86 3.51 3.54 3.43 3.01

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
67.35 67.35 67.33 67.62 68.14 69.14 69.55 71.33 72.30 69.96 65.23 65.23
0.95 0.91 0.92 0.89 0.88 0.73 0.78 0.84 0.55 0.56 0.66 0.25
2.19 2.43 2.32 2.10 2.20 2.10 2.17 0.51 0.29 0.89 6.53 10.67
29.52 29.32 29.43 29.39 28.79 28.03 27.50 27.32 26.85 28.59 27.57 23.85

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