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Allied Resins & Chemicals Ltd Stock Analysis

Small Cap
Evaluated by 4 users | BSE: 524538 | NSE: ALLIEDRES |
Chemicals
Allied Resins & Chemicals Limited (ARCL) was promoted in 1959 as a Private limited company. It became a Public Limited Company in 1967.The company is the largest and oldest wood adhesive manufacturer in India.ARCL brought in rare technologies from the world to make chemicals like...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10
Return on Capital Employed -20.16%-22.18%-22.27%-29.32%-34.98%-44.5%247.82%497.44%204.55%83%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 19.719.225.42632.447.273.180.669.666.7
Y-o-Y Gr. Rt.--2.5%32%2.6%24.4%45.8%55.1%10.2%-13.7%-4.1%
Adjusted EPS (Rs.) -43.14-47.93-52.32-63.6-74.36-88.39126.56213.0783.5926.04
Y-o-Y Gr. Rt.-NANANANANANA68.4%-60.8%-68.9%
Book Value per Share (Rs.) -105.26-153.57-206.28-276.94-351.3-439.69-313.13-100.06-15.1310.93
Adjusted Net Profit -36.7-40.7-44.5-54.1-63.2-75.110818171.122.1
Net Op. Cash Flow (Rs. Cr.) -0.3-1.5-1.51-0.24.312618075.431.5
Debt to Cash Flow from Ops -665.41-136.09-164.05285.37-2,138.9897.242.350.660.530.3
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Allied Resins & Chemicals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 14.5%15.6%-3%-4.1%
Adjusted EPS NANA-41%-68.9%
Book Value per Share 0000
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10
Return on Equity (%) 51.6737.0429.0826.6924.1722.7-34.14-105.88-158.841046.62
Operating Profit Margin (%) -24.51-18.12-2.95-8.13-4.47-8.89-35.015.425.0113.29
Net Profit Margin (%) -186.08-212.05-175.39-207.87-195.39-159.34147.1224.75102.1233.18
Debt to Equity -1.91-1.57-1.41-1.25-1.19-1.13-1.11-1.4-3.091.02
Working Capital Days 1921679565475350495349
Cash Conversion Cycle -143-169-147-130-120-96-51-142-16
Entity Percentage Holding
Promoters 65.78%
Institutions 3.18%
Non-Institutions 31.04%
Pledged *0.000.000.000.0019.6519.659.489.489.489.47
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Allied Resins & Chemicals Limited (ARCL) was promoted in 1959 as a Private limited company. It became a Public Limited Company in 1967.The company is the largest and oldest wood adhesive manufacturer in India.

ARCL brought in rare technologies from the world to make chemicals like Paraformaldehyde, first time in India and speciality resins like Phenol Formaldehyde Spray Dried Powder first time in Asia. As a result it not only has an edge over its competitors in India, but is also

Allied Resins & Chemicals Limited (ARCL) was promoted in 1959 as a Private limited company. It became a Public Limited Company in 1967.The company is the largest and oldest wood adhesive manufacturer in India.

ARCL brought in rare technologies from the world to make chemicals like Paraformaldehyde, first time in India and speciality resins like Phenol Formaldehyde Spray Dried Powder first time in Asia. As a result it not only has an edge over its competitors in India, but is also growing fast in exports. Though there are 35 Formaldehyde plants in country today.

The products of the company can be grouped under three heads:

  • Base Resin & Additive-These produts find use in plywood, particle board, MDF, decorative veneer lamination, lamination glazing, HMV, LFE, High GSS, High IBS etc.
  • One Shot Resin Sysetm-These products find use in solid wood, joinery, finger jointing, bonding of veneer and surface splicing veneer.
  • HARDENER-These produts find use in plywood, particle board, MDF, decorative venner lamination, lamination glazing, HMV, LFE, High GSS, High IBS etc.

ARCL’s Rampur factory is the largest Formaldehyde based chemical and Resin complex in India .The plant was set up in technical collabortion with Borden (UK) and was a pioneering venture.  Over the next two decades, the company has diversified its activities to become a multi-product chemical enterprise. The company is currently engaged in the manufacture of Formaldehyde, pentaerythitol, Hexamine, UF Resins and PF Resins (Liquid) which are mainly used in plywood, leather, paints and explosive industries.

It serves to industries like paints, textile, foundry, explosives, electrical, plastics, resins, paper, drugs, leather, moulding, insulation, furniture, rubber, breaklining, etc.

The company is making all efforts to tap the growing export market. It has established itself in South Asia, Southern & Northern parts of Africa, some countries of Middle & Far East. Presently we are breaking into the Chinese market and are also exploring opportunities in rest of the world. We are targeting Europe & America.

It is exporting successfully to Australia, Ethiopia, Italy, Russia, France, Bangladesh, Bhutan, Madagascar, Phillipines, Nepal, U.S.A, and many more countries.

With a brand image since 48 years, ARCL can boast of a very extensive marketing network in India ranging from Jammu in the North to Kanyakumari in the South, Assam in the East to Gujarat in the West. Its products are widely accepted and favored in the Indian market. All-India network enables the company to remain close to the customers.

The company had entered into Chinese joint venture in Formaldehyde and Para formaldehyde and its products are British Standard(BIS) approved.

Future plans

The company is developing High Moisture Veneer Gluing concept and Low molar ratio powder resin as LFE.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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