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Andhra Petrochemicals Ltd. Stock Analysis

Small Cap
Evaluated by 350 users | BSE: 500012 | NSE: ANDHRAPET |
Chemicals
 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...

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 14.94%11.88%4.43%-8.16%-16.43%-8.91%2.01%24.26%31.23%5.79%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 457597563259140334329518666456
Y-o-Y Gr. Rt.-30.8%-5.8%-53.9%-45.9%138.2%-1.6%57.6%28.5%-31.5%
Adjusted EPS (Rs.) 4.213.230.74-3.02-5.24-3.36-0.775.498.141.48
Y-o-Y Gr. Rt.--23.3%-77.1%-508.1%NANANANA48.3%-81.8%
Book Value per Share (Rs.) 22.0825.0325.422.3816.8913.8113.3518.5526.6526.3
Adjusted Net Profit 35.827.56.3-25.7-44.5-28.6-6.646.669.212.6
Net Op. Cash Flow (Rs. Cr.) 61.636.71412.9-32.3-3.9-14.360.478.740.7
Debt to Cash Flow from Ops 2.371.744.523.75-2.4-23.74-7.761.180.180.15
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.
Andhra Petrochemicals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -026.6%11.5%-31.5%
Adjusted EPS -11%NANA-81.8%
Book Value per Share 29.325.4-1.3
Share Price 0.7% 11.4% -4.2% -12.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 20.4613.712.94-12.64-26.68-21.89-5.6734.436.015.58
Operating Profit Margin (%) 19.4611.935-5.98-21.36-3.393.912.8216.327.02
Net Profit Margin (%) 7.834.61.12-9.9-31.74-8.55-1.99910.392.75
Debt to Equity 0.780.30.290.250.540.790.980.450.060.03
Working Capital Days 423948951273953443347
Cash Conversion Cycle 22273144471835322532
Entity Percentage Holding
Promoters 45.04%
Institutions 0.03%
Non-Institutions 54.93%
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 Andhra Petrochemicals Ltd.'s performance infers:

Andhra Petrochemicals Ltd. earnings have grown by 0%, whereas share price has appreciated 11.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

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

Andhra Petrochemicals Ltd. share price has appreciated 3.6% annually over the past ten years.

 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

 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.

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

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