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Amines & Plasticizers Ltd. Stock Analysis

Small Cap
Evaluated by 362 users | BSE: 506248 | NSE: |
Chemicals
Amines and Plasticizers (APL) was incorporated in 1973 as a public limited company, registered under the Indian Companies Act of 1956 and is the pioneer and largest producer of Ethanolamines, Alkyl Alkanolamines, Plasticizers, Morpholine, Alkyl Morpholines and Gas Treating Solvents in...

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 13.36%14.1%12.72%14.66%16.55%15.37%18.83%17.9%16.75%20.59%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 189189192243300260295326455399
Y-o-Y Gr. Rt.--0.2%1.6%26.7%23.5%-13.3%13.5%10.7%39.4%-12.3%
Adjusted EPS (Rs.) 0.440.510.560.921.41.782.812.813.144.83
Y-o-Y Gr. Rt.-15.9%9.8%64.3%52.2%27.1%57.9%0%11.7%53.8%
Book Value per Share (Rs.) 3.874.374.875.676.98.4210.8413.281619.72
Adjusted Net Profit 2.42.83.157.79.815.515.517.326.6
Net Op. Cash Flow (Rs. Cr.) 11.1-1.36.917.13.712.210.7218.737.2
Debt to Cash Flow from Ops 2.59-33.877.042.7915.284.364.852.147.741.56
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.
Amines & Plasticizers Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.7%5.9%10.6%-12.3%
Adjusted EPS 30.5%28.1%19.8%53.8%
Book Value per Share 19.823.422.123.3
Share Price 31% 26.4% -4.7% 68.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 11.0811.7211.5216.6321.4522.5728.8723.3421.4527.05
Operating Profit Margin (%) 5.126.667.187.157.388.739.618.717.4510.47
Net Profit Margin (%) 1.271.491.612.082.563.775.244.743.86.66
Debt to Equity 1.351.81.811.531.491.140.870.610.760.53
Working Capital Days 133151169143118136127138126149
Cash Conversion Cycle 39223232324540443756
Entity Percentage Holding
Promoters 73.17%
Non-Institutions 26.83%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Amines & Plasticizers Ltd.'s performance infers:

Amines & Plasticizers Ltd. earnings have grown by 28.1%, whereas share price has appreciated 26.4% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Amines & Plasticizers Ltd. share prices over the last 10 years. Here is what we found out:

Amines & Plasticizers Ltd. share price has appreciated 26.4% annually over the past ten years.

Amines and Plasticizers (APL) was incorporated in 1973 as a public limited company, registered under the Indian Companies Act of 1956 and is the pioneer and largest producer of Ethanolamines, Alkyl Alkanolamines, Plasticizers, Morpholine, Alkyl Morpholines and Gas Treating Solvents in India.

APL was set up in technical collaboration with the erstwhile Napthachemie, France (now a part of British Petroleum) and plant engineering was done by Ralph M. Parsons, USA. APL is an ISO-9001:2000

Amines and Plasticizers (APL) was incorporated in 1973 as a public limited company, registered under the Indian Companies Act of 1956 and is the pioneer and largest producer of Ethanolamines, Alkyl Alkanolamines, Plasticizers, Morpholine, Alkyl Morpholines and Gas Treating Solvents in India.

APL was set up in technical collaboration with the erstwhile Napthachemie, France (now a part of British Petroleum) and plant engineering was done by Ralph M. Parsons, USA. APL is an ISO-9001:2000 certified company and is a global supplier of organic chemicals used in Oil Refineries, Natural Gas Plants, Ammonia Plants, Petrochemical Plants, Pharmaceuticals, Agrochemicals etc. meeting customers’ demands to their utmost satisfaction in keeping with APL's Quality Policy. In the field of Ethanolamines and Alkyl Alkanolamines, APL is serving approximately 75-80% of the total demand of the Indian Market and is regularly exporting material to over 35 countries globally including USA, Canada, Germany, Korea, Japan, Australia, New Zealand, the Middle East, etc. It has also pioneered the manufacture of the Methyl Diethanolamine (MDEA), an Ethylene Oxide derivative and is constantly striving to develop new products through its R&D efforts so as to expand its current product range to meet customer requirements. APL has been awarded the highest award by the Government of India for 'Import Substitution and Technical development' for pioneering the manufacture of Methyl Diethanolamine in 1991.

APL has entered into a strategic alliance with the Dow Chemical Company, USA for Technology, products and services provided by its Specialty Amines Group to cater to the total sour gas treatment requirements of Refineries, Ammonia Plants etc. and has offered the technology for the first time in India. APL has a dedicated team of engineers / chemists providing a range of Gas Treating Technologies / Services to Refineries, Natural Gas Plants, Ammonia Plants etc in India and overseas.

APL is committed to total customer satisfaction by delivering quality products and services worldwide and this has helped it to become one of the world’s leading manufacturers of Amines. In the field of Plasticizers, APL manufactures a wide range of products which include Phthalates, Sebacates, Trimellitates, Acetates, Maleates, etc. APL can also custom manufacture a range of Esters / Plasticizers to cater to specific customers’ needs.

APL has also pioneered the manufacture of Morpholine & Alkyl Morpholines in India. It is the world’s third largest producer of N-Methyl Morpholine Oxide, which is the preferred solvent used for the manufacture of Viscose Staple Fibre by the Solvent Spun Process. APL's range of Alkyl Morpholines includes Lauryl, Methyl, Ethyl, Hydroxy Ethyl Morpholines etc. APL is diversified into the manufacture of the Industrial Gases, namely, Oxygen, Nitrogen and Acetylene in the year 1984 at its facilities in Khopoli, 80 Kms. from Mumbai.

APL also offers consultancy services for setting up plants for the manufacture of the Ethanolamines and Plasticizers on a case to case basis and its range of services extend for technology transfer, designing, and procurement of equipment, erection, testing and commissioning of plant and training of plant personnel. APL has also set-up Plasticizer plants in India and in Pakistan and is currently executing a turnkey project for a Viscose Rayon manufacturer for the recovery, regeneration and purification of solvent in the new 'Solvent Spun Process'. At APL, where growth maintaining service and quality are a way of life, it constantly looks forward to expanding the company's operations, both within India and abroad with suitable two way transfer of technology and product. Amines & Plasticizers (APL) also obtained the right from the DOW Chemical Company (Dow) use of the Methyl Diethanolamine (MDEA) based Specialty Amine products supplied in India.

Products:

1. Morpholine 

2. Pharma Intermediates 

3. Ethanolamines / Alkyl Alkanolamines

4. Other Products

Services:

1. Simulation Services

2. Ongoing Technical Support

3. Analytical Laboratory Services

4. Analytical Frequency

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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