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Past 10 year's financial track record analysis by Moneyworks4me indicates that Archean Chemical Industries Ltd is a average quality company.
The key valuation ratios of Archean Chemical Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Archean Chemical Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.9% | -1.1% | -0.2% | -1.3% | 13.4% | 7.3% | 16.9% | 29.4% | 33.7% | 20.3% | - |
| Value Creation Index ⓘ | -0.4 | -1.1 | -1.0 | NA | 0.0 | -0.5 | 0.3 | 1.1 | 1.5 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 225 | 341 | 288 | 439 | 566 | 608 | 741 | 1,130 | 1,441 | 1,330 | 1,330 |
| Sales YoY Gr. | - | 51.3% | -15.5% | 52.6% | 28.9% | 7.5% | 21.8% | 52.6% | 27.5% | -7.7% | - |
| Adj EPS ⓘ | 12.1 | -17.3 | -15.2 | -16.7 | 3.8 | -2.5 | 6.3 | 19.4 | 29.6 | 25.5 | 26.1 |
| YoY Gr. | - | -243.3% | NA | NA | NA | -167.2% | NA | 210.4% | 52.4% | -13.7% | - |
| BVPS (₹) ⓘ | 40.1 | 22.8 | 8.2 | -5.6 | 4.5 | 0.8 | 7.7 | 27.3 | 115.8 | 138.1 | 138.1 |
| Adj Net Profit ⓘ | 60.4 | -86.6 | -75.7 | -83.4 | 36.5 | -24.4 | 60.2 | 187 | 364 | 315 | 322 |
| Cash Flow from Ops. ⓘ | 117 | 270 | 118 | 39.1 | 312 | 148 | 119 | 327 | 498 | 389 | - |
| Debt/CF from Ops. ⓘ | 8.6 | 3.7 | 8.2 | 24.8 | 2.4 | 5.8 | 7.2 | 2.6 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 21.8% | 18.7% | 21.5% | -7.7% | ||||
| Adj EPS ⓘ | 8.7% | 46.5% | 59.8% | -13.7% | ||||
| BVPSⓘ | 14.7% | 98.3% | 162% | 19.3% | ||||
| Share Price | - | - | - | 18.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 30.1 | -55 | -97.8 | -1274.9 | 465.2 | -95.7 | 147.6 | 111 | 42.9 | 20.1 | 18.9 |
| Op. Profit Mgn % ⓘ | 40.5 | 30.9 | 24.3 | 18.9 | 12.2 | 27 | 35.4 | 41.3 | 44 | 34.9 | 34.9 |
| Net Profit Mgn % ⓘ | 26.9 | -25.4 | -26.3 | -19 | 6.5 | -4 | 8.1 | 16.5 | 25.2 | 23.7 | 24.2 |
| Debt to Equity ⓘ | 5 | 8.7 | 23.8 | -34.9 | 17.4 | 112.6 | 11.6 | 3.2 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 209 | 229 | 168 | 130 | 115 | 111 | 98 | 96 | 140 | 110 |
| Cash Conv. Cycle ⓘ | 0 | 45 | 66 | 3 | -3 | -17 | -18 | 15 | 28 | 36 | 88 |
Sales growth is growing at healthy rate in last 3 years 21.53%
Net Profit is growing at healthy rate in last 3 years 59.81%
Return on Equity has declined versus last 3 years average to 18.90%
Sales growth is not so good in last 4 quarters at -7.04%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 26.1 | 25.9 |
| TTM Sales (₹ Cr.) | 1,330 | 1,330 |
| BVPS (₹.) ⓘ | 138.1 | 137.7 |
| Reserves (₹ Cr.) ⓘ | 1,679 | 1,675 |
| P/BV ⓘ | 4.86 | 4.88 |
| PE ⓘ | 25.71 | 25.98 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 495.00 / 838.20 |
| All Time Low / High (₹) | 440.05 / 838.20 |
| Market Cap (₹ Cr.) | 8,286 |
| Equity (₹ Cr.) | 24.7 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 53.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 4.55 | 4.55 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 225 | 341 | 288 | 439 | 566 | 608 | 741 | 1,130 | 1,441 | 1,330 |
| Operating Expenses ⓘ | 134 | 235 | 218 | 356 | 497 | 460 | 479 | 663 | 807 | 865 |
| Manufacturing Costs | 60 | 72 | 41 | 78 | 74 | 82 | 89 | 148 | 184 | 157 |
| Material Costs | -78 | -14 | 29 | 49 | 96 | 0 | 9 | 39 | 3 | 87 |
| Employee Cost | 16 | 26 | 19 | 26 | 30 | 34 | 35 | 38 | 72 | 72 |
| Other Costs ⓘ | 136 | 152 | 129 | 202 | 297 | 343 | 345 | 438 | 548 | 549 |
| Operating Profit ⓘ | 91 | 105 | 70 | 83 | 69 | 148 | 262 | 467 | 634 | 464 |
| Operating Profit Margin (%) | 40.4% | 30.9% | 24.3% | 18.9% | 12.2% | 24.3% | 35.4% | 41.3% | 44.0% | 34.9% |
| Other Income ⓘ | 3 | 1 | 4 | 6 | 7 | 8 | 14 | 13 | 44 | 47 |
| Interest ⓘ | 51 | 106 | 106 | 102 | 114 | 122 | 130 | 162 | 97 | 10 |
| Depreciation ⓘ | 36 | 72 | 81 | 73 | 47 | 52 | 55 | 67 | 69 | 70 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 114 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 7 | -72 | -113 | -85 | 29 | -17 | 90 | 251 | 513 | 431 |
| Tax ⓘ | -53 | 14 | -40 | -6 | -12 | 18 | 24 | 63 | 129 | 109 |
| Profit After Tax | 60 | -87 | -73 | -79 | 41 | -36 | 67 | 189 | 384 | 322 |
| PAT Margin (%) | 26.8% | -25.4% | -25.5% | -18.0% | 7.3% | -5.9% | 9.0% | 16.7% | 26.6% | 24.2% |
| Adjusted EPS (₹) | 12.1 | -17.3 | -14.7 | -15.8 | 4.3 | -3.7 | 6.9 | 19.6 | 31.2 | 26.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 11% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 201 | 114 | 41 | -28 | 43 | 8 | 74 | 263 | 1,425 | 1,704 |
| Share Capital ⓘ | 10 | 10 | 10 | 10 | 19 | 19 | 19 | 19 | 25 | 25 |
| Reserves ⓘ | 191 | 104 | 31 | -38 | 24 | -12 | 55 | 243 | 1,400 | 1,679 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 805 | 691 | 872 | 858 | 754 | 854 | 856 | 843 | 21 | 1 |
| Long Term Debt | 748 | 589 | 817 | 792 | 741 | 848 | 846 | 843 | 1 | 1 |
| Short Term Debt | 57 | 102 | 55 | 66 | 13 | 6 | 9 | 0 | 20 | 0 |
| Trade Payables | 48 | 84 | 112 | 140 | 105 | 167 | 112 | 112 | 96 | 99 |
| Others Liabilities ⓘ | 323 | 448 | 211 | 208 | 245 | 324 | 339 | 314 | 235 | 312 |
| Total Liabilities ⓘ | 1,376 | 1,337 | 1,237 | 1,178 | 1,147 | 1,353 | 1,381 | 1,532 | 1,777 | 2,115 |
Fixed Assets | ||||||||||
| Gross Block | 818 | 1,132 | 1,193 | 1,013 | 1,031 | 1,087 | 1,266 | 1,377 | 1,456 | 1,501 |
| Accumulated Depreciation | 46 | 118 | 200 | 73 | 114 | 170 | 224 | 291 | 359 | 415 |
| Net Fixed Assetsⓘ | 772 | 1,013 | 994 | 940 | 917 | 917 | 1,042 | 1,086 | 1,097 | 1,086 |
| CWIP ⓘ | 325 | 66 | 0 | 0 | 9 | 158 | 19 | 17 | 33 | 21 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 47 | 41 | 16 | 215 | 347 |
| Inventories | 98 | 113 | 127 | 113 | 63 | 99 | 111 | 121 | 168 | 127 |
| Trade Receivables | 25 | 45 | 27 | 26 | 67 | 44 | 68 | 153 | 118 | 156 |
| Cash Equivalents | 70 | 69 | 61 | 13 | 48 | 25 | 32 | 54 | 32 | 44 |
| Others Assetsⓘ | 87 | 31 | 28 | 87 | 44 | 63 | 68 | 85 | 113 | 335 |
| Total Assets ⓘ | 1,376 | 1,337 | 1,237 | 1,178 | 1,147 | 1,353 | 1,381 | 1,532 | 1,777 | 2,115 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 117 | 270 | 118 | 39 | 312 | 148 | 119 | 327 | 498 | 389 |
| PBT ⓘ | 7 | -72 | -113 | -85 | 29 | -17 | 90 | 251 | 513 | 431 |
| Adjustment ⓘ | 125 | 175 | 185 | 183 | 60 | 184 | 197 | 228 | 161 | 52 |
| Changes in Working Capital ⓘ | -10 | 167 | 46 | -59 | 224 | -19 | -168 | -153 | -156 | 15 |
| Tax Paid ⓘ | -5 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | -21 | -109 |
| Cash Flow From Investing Activity ⓘ | -117 | -55 | 8 | 0 | -25 | -197 | -2 | -128 | -288 | -260 |
| Capex | -119 | -55 | 4 | -6 | -32 | -152 | -10 | -97 | -96 | -44 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | -46 | 7 | -15 | -196 | -89 |
| Others ⓘ | 2 | 0 | 4 | 6 | 7 | 1 | 1 | -16 | 4 | -127 |
| Cash Flow From Financing Activityⓘ | -122 | -216 | -133 | -87 | -252 | 26 | -110 | -224 | -212 | -91 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 789 | 0 |
| Net Proceeds from Borrowing ⓘ | -87 | -159 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -92 | -104 | -107 | -67 | -112 | -83 | -100 | -198 | -163 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -55 |
| Others ⓘ | 57 | 46 | -26 | -21 | -141 | 109 | -10 | -26 | -838 | -33 |
| Net Cash Flow ⓘ | -122 | -1 | -8 | -48 | 35 | -23 | 7 | -24 | -2 | 39 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 30.06 | -55.04 | -94.58 | N/A | 523.94 | -139.72 | 163.22 | 112.05 | 45.47 | 20.6 |
| ROCE (%) | 4.8 | 2.95 | -0.68 | N/A | 16.44 | 12.56 | 24.58 | 40.5 | 47.63 | 27.9 |
| Asset Turnover Ratio | 0.16 | 0.26 | 0.23 | 0.37 | 0.49 | 0.49 | 0.54 | 0.78 | 0.87 | 0.68 |
| PAT to CFO Conversion(x) | 1.95 | N/A | N/A | N/A | 7.61 | N/A | 1.78 | 1.73 | 1.3 | 1.21 | Working Capital Days |
| Receivable Days | 40 | 37 | 44 | 22 | 30 | 33 | 28 | 36 | 34 | 38 |
| Inventory Days | 159 | 111 | 148 | 99 | 57 | 48 | 52 | 37 | 37 | 40 |
| Payable Days | -227 | -1,749 | 1,243 | 932 | 466 | 0 | 5,723 | 1,040 | 0 | 408 |
The company was originally formed as a partnership firm under the name of “Archean Chemical Industries” at Chennai, Tamil Nadu, India pursuant to a partnership deed dated November 20, 2003 which was registered under the Indian Partnership Act, 1932 with the Registrar of Firms, Chennai, Tamil Nadu, India on November 25, 2003. Subsequently, the partnership firm was converted into private limited company under the Companies Act, 1956 with the name “Archean Chemical Industries Private Limited” and a certificate of incorporation dated July 14, 2009 was issued by the Registrar of Companies, Tamil Nadu at Chennai. Consequent upon conversion into a public limited company under the Companies Act, 2013 pursuant to a special resolution passed by the Shareholders on November 15, 2021 and fresh certificate of incorporation dated December 15, 2021 issued by the Registrar of Companies, Tamil Nadu at Chennai, the name of the Company was changed to “Archean Chemical Industries Limited”.
Archean Chemical Industries is a leading specialty marine chemical manufacturer in India and focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world. It produces its products from its brine reserves in the Rann of Kutch, located on the coast of Gujarat, and it manufactures its products at its facility near Hajipir in Gujarat.
Its bromine is used as key initial level materials, which have applications in the pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil & gas and energy storage batteries. Industrial salt is an important raw material used in chemical industry for production of sodium carbonate (soda ash), caustic soda, hydrochloric acid, chlorine, bleaching powders, chlorates, sodium sulphate (salt cake) and sodium metal. Sulphate of potash is used as a fertilizer and also has medical uses.
The company’s marine chemicals business is predominately conducted on a business-to-business basis both in India and internationally. The key geographies to which it exports its products include China, Japan, South Korea, Qatar, Belgium and the Netherlands. Some of its major customers include Sojitz Corporation, which is also a shareholder in the Company, Shandong Tianyi Chemical Corporation, Unibrom Corporation, Wanhau Chemicals and Qatar Vinyl Company. It has an integrated production facility for its bromine, industrial salt, and sulphate of potash operations, located at Hajipir, Gujarat, which is located on the northern edge of the Rann of Kutch brine fields. The company’s manufacturing facility is located in close proximity to the captive Jakhau Jetty and Mundra Port, where it transport its products to its customers internationally.
Business area of the company
The company is the leading speciality marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.
Key Awards, Accreditations and Recognition
Major events and milestones
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