Andhra Petrochemicals Ltd - Stock Valuation and Financial Performance

BSE: 500012 | NSE: ANDHRAPET | Chemicals | Small Cap

Andhra Petrochem Share Price

88.61 -0.57 -0.64%
as on 16-Apr'24 16:01

DeciZen - make an informed investing decision on Andhra Petrochem

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Andhra Petrochemicals stock performance -

mw4me loader
P/E Ratio (SA):
29.53
Market Cap:
752.9 Cr.
52-wk low:
57
52-wk high:
116

Is Andhra Petrochemicals Ltd an attractive stock to invest in?

1. Is Andhra Petrochemicals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Andhra Petrochemicals Ltd is a average quality company.

2. Is Andhra Petrochemicals Ltd undervalued or overvalued?

The key valuation ratios of Andhra Petrochemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Andhra Petrochemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Andhra Petrochemicals 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 Andhra Petrochem:

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.
Andhra Petrochemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -8.2%-16.4%-8.9%2%24.3%31.2%6.4%31.1%57%5.1%-
Value Creation
Index
-1.6-2.2-1.6-0.90.71.2-0.61.23.1-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 259140334329518666456566965683673
Sales YoY Gr.--45.9%138.2%-1.6%57.6%28.5%-31.5%24.2%70.5%-29.3%-
Adj EPS -3-5.2-3.4-0.85.58.11.6926.62.43
YoY Gr.-NANANANA48.3%-80%452.2%195.9%-91.1%-
BVPS (₹) 22.416.913.813.418.626.726.335.759.359.560.3
Adj Net
Profit
-25.7-44.5-28.6-6.646.669.213.976.522620.225
Cash Flow from Ops. 12.9-32.3-3.9-14.360.478.740.7125177-64.9-
Debt/CF from Ops. 3.8-2.4-23.7-7.81.20.20.200.1-0.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.4%5.7%14.4%-29.3%
Adj EPS NA-15.4%13.5%-91.1%
BVPS11.5%26.2%31.3%0.3%
Share Price 24.4% 9.7% 12% 38.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-12.6-26.7-21.9-5.734.4366.22956.145
Op. Profit
Mgn %
-6-21.4-3.43.912.816.37.124.2325.15.1
Net Profit
Mgn %
-9.9-31.7-8.6-2910.43.113.523.433.8
Debt to
Equity
0.30.50.810.50.10000-
Working Cap
Days
951273953443347332851107
Cash Conv.
Cycle
4447183532253214123198

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.42%

Net Profit is growing at healthy rate in last 3 years 13.45%

Return on Equity has declined versus last 3 years average to 5.00%

Sales growth is not so good in last 4 quarters at 4.49%

Latest Financials - Andhra Petrochemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 3 -
TTM Sales (₹ Cr.) 673 -
BVPS (₹.) 60.3 -
Reserves (₹ Cr.) 427 -
P/BV 1.47 -
PE 29.53 -
From the Market
52 Week Low / High (₹) 57.00 / 115.95
All Time Low / High (₹) 1.50 / 197.40
Market Cap (₹ Cr.) 753
Equity (₹ Cr.) 85
Face Value (₹) 10
Industry PE 48.3

Management X-Ray of Andhra Petrochem:

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 Andhra Petrochem

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
Sales259140334329518666456566965683
Operating Expenses 275170345316452557423429656648
Manufacturing Costs37295347596861537385
Material Costs219123274249369464334350550529
Employee Cost 14141517181921212626
Other Costs 5444677579
Operating Profit -16-30-1113661093213730935
Operating Profit Margin (%) -6.0%-21.4%-3.4%3.9%12.8%16.3%7.1%24.2%32.0%5.1%
Other Income 511223341519
Interest 71013161262999
Depreciation 13910991013141415
Exceptional Items 007-1000000
Profit Before Tax -30-47-26-1147952111830129
Tax -5-3-3-4125841749
Profit After Tax -26-45-24-74770147622720
PAT Margin (%) -9.9%-31.7%-7.1%-2.2%9.0%10.5%3.0%13.5%23.5%3.0%
Adjusted EPS (₹)-3.0-5.2-2.8-0.95.58.21.69.026.72.4
Dividend Payout Ratio (%)0%0%0%0%0%18%0%17%11%62%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 190144117113158226223304504505
Share Capital 85858585858585858585
Reserves 10559322973142139219419420
Minority Interest0000000000
Debt457479872861088
Long Term Debt194171741460000
Short Term Debt27328121411088
Trade Payables209456591775
Others Liabilities 373943595523104126124118
Total Liabilities 292265243264246261337446642636

Fixed Assets

Gross Block467467469469470472556554552562
Accumulated Depreciation255267276285289299308319329341
Net Fixed Assets212200192184181172247235224221
CWIP 0000100070
Investments 15151485213215011845
Inventories40252135161935335966
Trade Receivables1142234366431
Cash Equivalents 131123410193277
Others Assets2320111561013143927
Total Assets 292265243264246261337446642636

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 13-32-4-14607941125177-65
PBT -30-47-33-1147952111830129
Adjustment 181822232114131997
Changes in Working Capital 3171-272-10137-57-88
Tax Paid 0001-10-20-6-19-76-13
Cash Flow From Investing Activity -101-112-8-15-15-112-16777
Capex -20-20-10-1-5-1-3-14
Net Investments -1000100-15-11-112-16471
Others 21122101021
Cash Flow From Financing Activity -1534122-52-63-25-7-17-13
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-13-16-12-6-1000
Dividend Paid 000000-130-25-13
Others -15342518-40-57-11-680
Net Cash Flow -122701116-7-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-12.64-26.68-18.16-6.3834.336.366.1729.0156.174.05
ROCE (%)-9.17-16.45-62.1526.142.999.7847.6475.957.4
Asset Turnover Ratio0.930.571.481.462.092.631.531.471.791.08
PAT to CFO Conversion(x)N/AN/AN/AN/A1.281.132.931.640.78-3.25
Working Capital Days
Receivable Days42213191917311
Inventory Days60752328181022221733
Payable Days2343865481484

Andhra Petrochemicals Ltd Stock News

Andhra Petrochemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Andhra Petrochem on 16-Apr-2024 16:01 is ₹88.61.
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 16-Apr-2024 16:01 the market cap of Andhra Petrochem stood at ₹752.9.
The latest P/E ratio of Andhra Petrochem as of 16-Apr-2024 16:01 is 29.53.
The latest P/B ratio of Andhra Petrochem as of 16-Apr-2024 16:01 is 1.47.
The 52-week high of Andhra Petrochem is ₹116.0 and the 52-week low is ₹57.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Andhra Petrochem is ₹672.6 ( Cr.) .

About Andhra Petrochemicals Ltd

 Andhra Petrochemicals (APL) was promoted by the Andhra Pradesh Industrial Development Corporation (APIDC) and The Andhra Sugars Ltd (ASL) on April .18, 1984 as a joint sector company. The company commenced commercial production in February 1994. The registered office of the company is situated at Tanuku, Andhra Pradesh. The company's principal activity is manufacture and sale of oxo alcohols. The oxo alcohol products are ethyl hexanol, normal butanol and iso butanol. APL was established with a license capacity to produce 30,000 MTPA of Ox alcohols at Visakhapatnam, Andhra Pradesh. The plant has demonstrated consistent production at 42,000 MTPA.

Products offered:

  • 2-EH Products Spec (%WT):-

2-Ethyl Hexanol finds its applications in Plasticizers, Stabilizers, Solvents, Acrylates, Finishing compounds for ink. 2-Ethyl Hexanol is a vital raw material for Plasticizers which in turn are a critical input for the rapidly growing PVC industry like cables, footwear, sheets, films, etc. It is also used in the production of 2-Ethyl Hexyl Acrylate, which finds its application in emulsion paints, adhesives, surface coating, paper and textile processing.

The other applications of 2-EH relate to nitrate esters, lube and fuel additives, surfactants, mining, stabilizers, solvent extractions, oil floatations, agricultural chemicals, engine machinery lubrication etc.

  • N-Butanol  Products  Spec (%WT)

 N-Butanol finds its application in the manufacture of Solvents, Adhesives, Detergents, Plasticizers, Acrylates.

  • I-Butanol Products Spec(%WT)

I-Butanol finds its application in the manufacture of Plasticizers, Amino Resin, Isobutyl Acetate, Solvents. Apart from these, N-Butanol are used in rubber chemicals, printing inks, resins, pharmaceuticals, urethane catalysts, dyes, varnishes, adhesives, nitro cellulose lacquers, pesticides etc.

Following are the facilities offered by the company:

  • Storage for raw-material and products
  • Steam generation
  • Diesel power generation
  • Sea water cooling tower
  • Raw water storage
  • APGPCL power (share)
  • Fire and foam tender
  • Green belt.

In October, 2007, an expansion and modernization program has been initiated by the company to increase the production capacity to 73,000 MTPA with the signing of a technology license and engineering supply agreements with Davy Process Technology, London (Davy). The enhanced capacity of the company is expected to be operational in the second half of 2009-2010. An uninterrupted power supply system of 2,400 KVA has been installed by the company to lower power costs.

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