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BSE: 0 | NSE: ARABIAN | Lubricants | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Arabian Petroleum Ltd is a below average quality company.
The key valuation ratios of Arabian Petroleum Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Arabian Petroleum Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.5% | 14.9% | 11.9% | 12.4% | 11.7% | - |
| Value Creation Index ⓘ | -0.3 | 0.1 | -0.2 | -0.1 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 77.5 | 83.9 | 110 | 191 | 243 | 243 |
| Sales YoY Gr. | - | 8.3% | 31.1% | 73.7% | 27.1% | - |
| Adj EPS ⓘ | 1.6 | 3.5 | 3.5 | 4.8 | 5.6 | 4.5 |
| YoY Gr. | - | 116.3% | 1.7% | 36.7% | 16% | - |
| BVPS (₹) ⓘ | 9.2 | 12.7 | 16.3 | 21.5 | 27.5 | 38.8 |
| Adj Net Profit ⓘ | 1.3 | 2.8 | 2.8 | 3.9 | 4.5 | 5 |
| Cash Flow from Ops. ⓘ | 0 | 3.1 | -4.9 | -3.2 | -2.3 | - |
| Debt/CF from Ops. ⓘ | -818.6 | 5.3 | -4.5 | -9.3 | -16.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 42.5% | 27.1% | ||||
| Adj EPS ⓘ | NA | NA | 17.3% | 16% | ||||
| BVPSⓘ | NA | NA | 29.5% | 28.4% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 17.5 | 31.7 | 24.4 | 25.5 | 22.8 | 13.5 |
| Op. Profit Mgn % ⓘ | 3.9 | 6.3 | 5.7 | 4.4 | 3.9 | NAN |
| Net Profit Mgn % ⓘ | 1.7 | 3.3 | 2.6 | 2 | 1.8 | 2 |
| Debt to Equity ⓘ | 1.8 | 1.6 | 1.7 | 1.7 | 1.7 | - |
| Working Cap Days ⓘ | 0 | 114 | 111 | 96 | 92 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 64 | 68 | 61 | 63 | 0 |
Sales growth is growing at healthy rate in last 3 years 42.50%
Net Profit is growing at healthy rate in last 3 years 17.27%
Debt to equity has declined versus last 3 years average to 1.74
Return on Equity has declined versus last 3 years average to 13.50%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.5 | - |
| TTM Sales (₹ Cr.) | 243 | - |
| BVPS (₹.) ⓘ | 38.8 | - |
| Reserves (₹ Cr.) ⓘ | 31 | - |
| P/BV ⓘ | 2.19 | - |
| PE ⓘ | 19.04 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 92.6 |
| Equity (₹ Cr.) | 10.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.3 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|
| Sales | 77.50 | 83.92 | 109.99 | 191.01 | 242.84 |
| Operating Expenses ⓘ | 74.49 | 78.62 | 103.73 | 182.59 | 233.49 |
| Manufacturing Costs | 2.84 | 3.93 | 6.23 | 9.97 | 10.10 |
| Material Costs | 64.24 | 63.81 | 87.12 | 156.54 | 205.19 |
| Employee Cost | 3.46 | 4.27 | 4.81 | 7.19 | 9.23 |
| Other Costs ⓘ | 3.96 | 6.62 | 5.57 | 8.88 | 8.97 |
| Operating Profit ⓘ | 3.01 | 5.30 | 6.25 | 8.42 | 9.34 |
| Operating Profit Margin (%) | 3.9% | 6.3% | 5.7% | 4.4% | 3.8% |
| Other Income ⓘ | 0.38 | 0.22 | 0.26 | 0.58 | 1.11 |
| Interest ⓘ | 0.92 | 1.02 | 1.23 | 1.75 | 2.54 |
| Depreciation ⓘ | 0.69 | 0.73 | 1.39 | 1.43 | 1.38 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.79 | 3.77 | 3.90 | 5.82 | 6.54 |
| Tax ⓘ | 0.50 | 0.95 | 1.02 | 1.68 | 1.67 |
| Profit After Tax | 1.28 | 2.81 | 2.88 | 4.14 | 4.86 |
| PAT Margin (%) | 1.7% | 3.4% | 2.6% | 2.2% | 2.0% |
| Adjusted EPS (₹) | 1.6 | 3.5 | 3.6 | 5.2 | 6.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 7.33 | 10.14 | 13.02 | 17.16 | 22.03 | |||||
| Share Capital ⓘ | 2 | 2 | 2 | 2 | 8 | |||||
| Reserves ⓘ | 5.33 | 8.14 | 11.02 | 15.16 | 14.03 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 12.93 | 16.54 | 21.16 | 27.53 | 38.31 | |||||
| Long Term Debt | 0.64 | 2.77 | 4 | 1.99 | 2.09 | |||||
| Short Term Debt | 12.30 | 13.77 | 17.17 | 25.54 | 36.22 | |||||
| Trade Payables | 9.55 | 8.86 | 12.30 | 17.34 | 13.10 | |||||
| Others Liabilities ⓘ | 1.54 | 1.62 | 3.71 | 9.28 | 2.91 | |||||
| Total Liabilities ⓘ | 31.36 | 37.16 | 50.20 | 71.31 | 76.35 | |||||
Fixed Assets | ||||||||||
| Gross Block | 8.62 | 13.58 | 15.07 | 16.11 | 16.61 | |||||
| Accumulated Depreciation | 3.35 | 4.08 | 5.46 | 6.89 | 8.27 | |||||
| Net Fixed Assetsⓘ | 5.27 | 9.50 | 9.61 | 9.23 | 8.34 | |||||
| CWIP ⓘ | 0 | 0 | 0.02 | 1.50 | 4.55 | |||||
| Investmentsⓘ | 0.02 | 0.02 | 0 | 0 | 0.10 | |||||
| Inventories | 6.94 | 8.06 | 15.65 | 27.29 | 25.74 | |||||
| Trade Receivables | 17.49 | 17.19 | 22.82 | 28.92 | 34.10 | |||||
| Cash Equivalents | 0.24 | 1.05 | 0.21 | 0.26 | 0.68 | |||||
| Others Assetsⓘ | 1.40 | 1.34 | 1.90 | 4.11 | 2.82 | |||||
| Total Assets ⓘ | 31.36 | 37.16 | 50.20 | 71.31 | 76.35 | |||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.02 | 3.12 | -4.89 | -3.19 | -2.31 |
| PBT ⓘ | 1.79 | 3.77 | 3.90 | 5.82 | 6.54 |
| Adjustment ⓘ | 1.48 | 1.66 | 2.63 | 3.18 | 3.81 |
| Changes in Working Capital ⓘ | -2.71 | -1.4 | -10.39 | -10.59 | -10.87 |
| Tax Paid ⓘ | -0.57 | -0.90 | -1.04 | -1.60 | -1.80 |
| Cash Flow From Investing Activity ⓘ | -1.45 | -4.96 | -1.51 | -2.52 | -3.55 |
| Capex | -1.45 | -4.96 | -1.51 | -2.52 | -3.55 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 1.24 | 2.65 | 5.57 | 5.76 | 6.28 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1.75 | 2.10 | 1.23 | -2.01 | 0.10 |
| Interest Paid ⓘ | -0.80 | -0.93 | -1.23 | -1.75 | -2.54 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 3.79 | 1.48 | 5.57 | 9.52 | 8.71 |
| Net Cash Flow ⓘ | -0.22 | 0.81 | -0.84 | 0.05 | 0.42 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.51 | 32.18 | 24.83 | 27.46 | 24.83 | |||||
| ROCE (%) | 13.33 | 20.4 | 16.62 | 18.56 | 16.97 | |||||
| Asset Turnover Ratio | 2.47 | 2.45 | 2.52 | 3.14 | 3.29 | |||||
| PAT to CFO Conversion(x) | -0.02 | 1.11 | -1.7 | -0.77 | -0.48 | Working Capital Days | ||||
| Receivable Days | 82 | 75 | 66 | 49 | 47 | |||||
| Inventory Days | 33 | 33 | 39 | 41 | 40 | |||||
| Payable Days | 54 | 53 | 44 | 35 | 27 | |||||
Arabian Petroleum was originally incorporated as ‘Arabian Petroleum Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 20, 2009. Subsequently the company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on November 11, 2011 and the name of the company was changed from ‘Arabian Petroleum Private Limited’ to ‘Arabian Petroleum Limited’ vide fresh Certificate of Incorporation granted to the company consequent upon conversion into public limited company dated December 16, 2011 by the Registrar of Companies, Maharashtra, Mumbai.
The company in the business of manufacturing wide range of Lubricants including Specialty Oils, Coolants etc used for Industrial and Automotive applications. Its business is categorized into two distinctive product division: (i) Automotive Lubricants - Arzol and (ii) Industrial Lubricants - SPL. It is dedicated to consistently providing products that deliver stellar quality and comply with statutory requirements in the Automotive and Industrial Lubricants domain. The company took over the manufacturing and trading business of Industrial & Automotive Lubricants from the proprietorship firm ‘Arabian Petroleum’ run by its proprietor Hemant D Mehta HUF vide Business Takeover agreement dated December 25, 2015, in the manner that all the Know- how, goodwill, clients of the proprietorship firm were transferred to the company and the company set up its own manufacturing facility at a plant in Ambernath situated at Thane, Maharashtra, India.
Its domestic and international customers are spread across multiple industries, including pharmaceutical, FMCG, chemicals, steel, rubber and tyre, power, civil engineering, electrical appliances, textile, telecommunication, chemical, cables and conductors and automobile industry etc. Apart from private players, it also derives its revenues under the contracts from the Government sectors (both central and state) and associated entities. It is honored to be one of the suppliers of lubricants to the Indian Armed Forces and have successfully delivered lubricant products to Border Security Force (BSF), Indian Air Force (IAF) and Indian Navy across various parts of the country. It has product approval certification from Volvo Group Trucks Technology, Renault Group and MACK Trucks for its product ‘Milage Synactivs 15W-40’ engine oil. It has recently received OEM approval from Bharat Earth Movers Limited (Formerly - BEML) for their entire range of products like Engine oil, hydraulic oil etc.
Business area of the company
The company is engaged in the business of manufacturing a wide range of Lubricants including speciality Oils, Coolants, etc used for application in automobiles and industrial machines and appliances.
Products of the company
Industrial lubricants
Automotive lubricants
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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