Amines & Plasticizers Ltd - Stock Valuation and Financial Performance

BSE: 506248 | NSE: AMNPLST | Chemicals | Small Cap

Amines & Plastic Share Price

166.30 7.00 4.39%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Amines & Plastic

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Amines & Plasticizers stock performance -

mw4me loader
P/E Ratio (SA):
26.61
Market Cap:
909.2 Cr.
52-wk low:
68
52-wk high:
235

Is Amines & Plasticizers Ltd an attractive stock to invest in?

1. Is Amines & Plasticizers Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Amines & Plasticizers Ltd is a good quality company.

2. Is Amines & Plasticizers Ltd undervalued or overvalued?

The key valuation ratios of Amines & Plasticizers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Amines & Plasticizers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Amines & Plasticizers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Amines & Plastic:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Amines & Plasticizers Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 14.7%16.6%15.4%18.8%17.9%16.8%20.6%20.7%13.3%11.1%-
Value Creation
Index
0.10.20.10.40.30.20.50.5-0.1-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 243300260295326455399442563593632
Sales YoY Gr.-23.5%-13.3%13.5%10.7%39.4%-12.3%10.7%27.4%5.4%-
Adj EPS 0.91.41.82.82.83.14.85.94.33.86.2
YoY Gr.-52.2%27.1%57.9%0%11.7%53.8%23%-27.3%-12.3%-
BVPS (₹) 5.76.98.410.813.31619.725.729.632.937.2
Adj Net
Profit
57.79.815.515.517.326.632.723.820.934
Cash Flow from Ops. 17.13.712.210.7218.737.243.6-27.92.6-
Debt/CF from Ops. 2.815.34.44.92.17.71.61.7-2.632.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.4%12.7%14.1%5.4%
Adj EPS 17%6.2%-7.8%-12.3%
BVPS21.6%19.9%18.6%11.3%
Share Price 45.8% 38% 29.2% 141%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.621.522.628.923.321.527.126.215.612.117.7
Op. Profit
Mgn %
7.27.48.79.68.77.510.5127.17.19.6
Net Profit
Mgn %
2.12.63.85.24.73.86.77.44.23.55.4
Debt to
Equity
1.51.51.10.90.60.80.50.50.40.5-
Working Cap
Days
14311813612713812614913312714472
Cash Conv.
Cycle
3232454044375651627837

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.11%

Return on Equity has declined versus last 3 years average to 17.70%

Net Profit has been subdued in last 3 years -7.76%

Sales growth is not so good in last 4 quarters at 8.93%

Latest Financials - Amines & Plasticizers Ltd.

Standalone Consolidated
TTM EPS (₹) 6.2 6.4
TTM Sales (₹ Cr.) 632 637
BVPS (₹.) 37.2 37.6
Reserves (₹ Cr.) 194 196
P/BV 4.45 4.40
PE 26.61 25.66
From the Market
52 Week Low / High (₹) 68.00 / 234.95
All Time Low / High (₹) 0.22 / 234.95
Market Cap (₹ Cr.) 909
Equity (₹ Cr.) 11
Face Value (₹) 2
Industry PE 47

Management X-Ray of Amines & Plastic:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Amines & Plastic

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales243300260295326455399442563593
Operating Expenses 225278237267298421357389523551
Manufacturing Costs26302829283940487176
Material Costs173211171186218318257270389416
Employee Cost 88810121215151719
Other Costs 19293042415246554540
Operating Profit 17222328283442534042
Operating Profit Margin (%) 7.1%7.4%8.7%9.6%8.7%7.4%10.5%12.0%7.1%7.1%
Other Income 1112534551
Interest 9108678910910
Depreciation 2222333445
Exceptional Items 000000-3000
Profit Before Tax 7121422242731443228
Tax 24568961187
Profit After Tax 581015151725332421
PAT Margin (%) 2.1%2.6%3.8%5.2%4.7%3.8%6.2%7.4%4.2%3.5%
Adjusted EPS (₹)0.91.41.82.82.83.14.55.94.33.8
Dividend Payout Ratio (%)11%7%11%11%11%10%7%7%9%13%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 323948607388108141163181
Share Capital 661111111111111111
Reserves 27343749627797130152170
Minority Interest0000000000
Debt46545151456455716982
Long Term Debt5171513142129272623
Short Term Debt40383638314326434459
Trade Payables49323037557254746059
Others Liabilities 14101210131915201918
Total Liabilities 141137140157185244232306310340

Fixed Assets

Gross Block4750513845518588103104
Accumulated Depreciation18202225811151924
Net Fixed Assets29302936404375738480
CWIP 100111131135
Investments 2110000001
Inventories38353139585759548775
Trade Receivables4140384544776889102122
Cash Equivalents 333371344846
Others Assets28273733354322303051
Total Assets 141137140157185244232306310340

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 17412112193744-283
PBT 7121422242731443228
Adjustment 1011875889914
Changes in Working Capital 1-17-8-11-0-1861-61-33
Tax Paid -1-2-3-7-7-8-8-11-8-6
Cash Flow From Investing Activity -6-20-3-1-13-23-6-4-2
Capex -7-3-1-5-6-16-27-11-8-2
Net Investments 010000000-1
Others 1012534551
Cash Flow From Financing Activity -10-2-12-8-1610-236-131
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 312-2-4078-1-2-3
Interest Paid -9-10-8-6-7-8-9-10-9-10
Dividend Paid 0-1-10-2-2-30-2-2
Others -3-3-22-712-1817016
Net Cash Flow 100045-844-441
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.3722.2323.2329.2223.3421.4525.1726.1915.6312.14
ROCE (%)21.324.622.6226.7726.9625.3624.7828.1418.1715.29
Asset Turnover Ratio1.962.342.022.161.952.121.681.641.831.82
PAT to CFO Conversion(x)3.40.51.20.731.40.531.481.33-1.170.14
Working Capital Days
Receivable Days53465147484866656269
Inventory Days51414340534653474650
Payable Days95706665777390866352

Amines & Plasticizers Ltd Stock News

Amines & Plasticizers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Amines & Plastic on 28-Mar-2024 16:01 is ₹166.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Amines & Plastic stood at ₹909.2.
The latest P/E ratio of Amines & Plastic as of 28-Mar-2024 16:01 is 26.61.
The latest P/B ratio of Amines & Plastic as of 28-Mar-2024 16:01 is 4.45.
The 52-week high of Amines & Plastic is ₹234.9 and the 52-week low is ₹68.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amines & Plastic is ₹632.4 ( Cr.) .

About Amines & Plasticizers Ltd

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

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