Indo Amines Ltd - Stock Valuation and Financial Performance

BSE: 524648 | NSE: INDOAMIN | Chemicals | Small Cap

Indo Amines Share Price

217 -3.45 -1.56%
as on 04-Oct'24 16:01

DeciZen - make an informed investing decision on Indo Amines

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Indo Amines stock performance -

mw4me loader
P/E Ratio (SA):
31.25
Market Cap:
1,544.4 Cr.
52-wk low:
100.3
52-wk high:
247.9

Is Indo Amines Ltd an attractive stock to invest in?

1. Is Indo Amines Ltd a good quality company?

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

2. Is Indo Amines Ltd undervalued or overvalued?

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

3. Is Indo Amines Ltd a good buy now?

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

10 Year X-Ray of Indo Amines:

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.
Indo Amines 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 13.3%18.8%24.1%21.2%22.3%11.2%17.7%13.9%16.7%17.7%-
Value Creation
Index
-0.10.30.70.50.6-0.20.30.00.20.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 215243278347527472539780922925936
Sales YoY Gr.-12.7%14.6%24.8%51.8%-10.4%14.2%44.7%18.2%0.3%-
Adj EPS 0.71.32.21.831.54.13.15.55.27
YoY Gr.-85.7%65.4%-14.4%64.7%-51.5%181%-24%75.2%-4.9%-
BVPS (₹) 6.77.41011.417.218.522.525.730.536.338.8
Adj Net
Profit
4.68.614.412.321.410.429.222.238.93749
Cash Flow from Ops. 22.119.212.710.518.637.553.3-7.419.268.9-
Debt/CF from Ops. 2.22.54.88.373.83-27.8123.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.6%11.9%19.7%0.3%
Adj EPS 25%11.5%8.2%-4.9%
BVPS20.7%16.1%17.2%18.7%
Share Price 31.3% 44.4% 19.2% 85.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
10.918.524.91721.48.219.912.919.415.618.6
Op. Profit
Mgn %
9.611.712.21110.2910.46.79.28.79
Net Profit
Mgn %
2.13.55.23.54.12.25.42.94.245.3
Debt to
Equity
1.110.91.11.11.111.11.10.8-
Working Cap
Days
14613013813811214014710810711374
Cash Conv.
Cycle
4341454339565840455116

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.60%

Sales growth is growing at healthy rate in last 3 years 19.71%

Debt to equity has declined versus last 3 years average to 0.83

Net Profit has been subdued in last 3 years 8.19%

Sales growth is not so good in last 4 quarters at 2.51%

Latest Financials - Indo Amines Ltd.

Standalone Consolidated
TTM EPS (₹) 7 7.1
TTM Sales (₹ Cr.) 936 965
BVPS (₹.) 38.8 40
Reserves (₹ Cr.) 239 247
P/BV 5.63 5.47
PE 31.25 30.91
From the Market
52 Week Low / High (₹) 100.30 / 247.90
All Time Low / High (₹) 0.08 / 247.90
Market Cap (₹ Cr.) 1,544
Equity (₹ Cr.) 35.4
Face Value (₹) 5
Industry PE 59.6

Management X-Ray of Indo Amines:

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 Indo Amines

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales215243278347527472539780922925
Operating Expenses 195214244309473430483728839844
Manufacturing Costs36413453747681109104112
Material Costs132142179216342293332507627631
Employee Cost 9101214212323273236
Other Costs 19211926373847847564
Operating Profit 21283438544256538381
Operating Profit Margin (%) 9.6%11.7%12.2%11.0%10.2%9.0%10.4%6.7%9.0%8.7%
Other Income 215476710415
Interest 546810119141722
Depreciation 10121212151911141715
Exceptional Items 0000000000
Profit Before Tax 7142123361943355359
Tax 256912510101515
Profit After Tax 591514241433253844
PAT Margin (%) 2.1%3.5%5.4%4.1%4.6%2.9%6.1%3.2%4.1%4.8%
Adjusted EPS (₹)0.71.32.32.13.42.04.73.55.46.3
Dividend Payout Ratio (%)36%38%22%23%15%26%12%14%9%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 44496777123132161183217256
Share Capital 33333333353535353535
Reserves 111633448897125148182221
Minority Interest0000000000
Debt44445578120128147187210190
Long Term Debt7131419263553505757
Short Term Debt37314160949294137154133
Trade Payables30293863777698124106117
Others Liabilities 31384217222732444952
Total Liabilities 149160202235342363438537583614

Fixed Assets

Gross Block94104127145213232251322352375
Accumulated Depreciation4657708198117128142158173
Net Fixed Assets48465864115115123180194203
CWIP 102582454201819
Investments 5555113335
Inventories262631486276779811499
Trade Receivables38456072117107133185202222
Cash Equivalents 45377511191315
Others Assets27334234323538333952
Total Assets 149160202235342363438537583614

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 22191311193753-71969
PBT 7142123361943355359
Adjustment 16151419242717273434
Changes in Working Capital 3-4-16-19-28-24-61-57-10
Tax Paid -4-5-6-13-14-6-11-9-10-14
Cash Flow From Investing Activity -13-10-22-21-40-35-50-36-28-24
Capex -17-10-16-21-45-35-49-37-29-24
Net Investments 00-6040-200-2
Others 3000001111
Cash Flow From Financing Activity -9-871421-42513-43
Net Proceeds from Shares 1000000000
Net Proceeds from Borrowing 000091315672
Interest Paid -5-4-4-8-10-11-9-14-17-22
Dividend Paid -2-3-2-3-4-3-5-2-4-4
Others -4-1122625-226217-20
Net Cash Flow 01-24-1-168-61
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)10.9818.5426.1120.0524.5210.9222.7214.6119.1118.78
ROCE (%)13.3118.7724.1121.222.2711.1717.6613.8616.717.73
Asset Turnover Ratio1.591.771.731.742.061.591.451.952.051.96
PAT to CFO Conversion(x)4.42.110.870.790.792.641.61-0.280.51.57
Working Capital Days
Receivable Days66556163587376616266
Inventory Days38343338344548343433
Payable Days92756885759696806764

Indo Amines Ltd Stock News

Indo Amines Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indo Amines on 04-Oct-2024 16:01 is ₹217.0.
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 04-Oct-2024 16:01 the market cap of Indo Amines stood at ₹1,544.4.
The latest P/E ratio of Indo Amines as of 04-Oct-2024 16:01 is 31.25.
The latest P/B ratio of Indo Amines as of 04-Oct-2024 16:01 is 5.63.
The 52-week high of Indo Amines is ₹247.9 and the 52-week low is ₹100.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Amines is ₹935.9 ( Cr.) .

About Indo Amines Ltd

Indo Amines Ltd. was established in 1979 as Techno Chemical Industries. The major focus of the company was to provide India with import substitues, providing the support & service of just in time supplies of chemicals. Focusing on core chemistries of high pressure hydrogenation, Indo Amines Ltd diversified into fine & speciality chemicals , a growing opportunity to expand.

The company is one of the India’s largest independent manufacturers of fine, specialty and performance chemicals providing a comprehensive package of products and technical services for Indian global markets.

In 1994 Techno Chemical Industries went public to emerge as Indo Amines which had two manufacturing sites focusing on fine & specialty to become one of India's leading manufacturer.

In 2001, Indo Amines had a focus on exports with the expanding market & opportunities which we could foresee for growth.In 2003 , Research & Development took a major lead role. Continuous efforts were being made to bring in Product & Internationally recognized Quality standards.

Indo Amines has developed emulsifiers for obtaining stable emulsion applicable for various industries including petroleum and agrochemicals. These formulations are quaternary ammonium compounds blended with other additives based on the application and the result desired.

Product range of the company includes:

Indo Amines Ltd manufactures various types of fatty amines, amine derivatives that are used by various industries for direct application. Its products also have specialized process application for various industries and their processes. 

Fine chemicals

  • Aliphatic Amines
  • Aromatic Amines
  • Amine Ethoxylates
  • Cycloalkanones
  • Cycloalkanols
  • Halides
  • Alcohols
  • Aliphatic Nitriles
  • Aromatic Nitriles
  • Acids & Esters
  • Bulk Drugs & Advanced Intermediates 
  • Misc.

Speciality chemicals

  • Fatty Acids
  • Fatty Amides
  • Fatty Amines
  • Fatty Diamines
  • Fatty PolyAmines
  • Fatty Tertiary Amines
  • Fatty Ethoxylates
  • Quaternary Ammonium Compounds

Peformance Chemicals  

  • Fertilizers
  • Road Construction
  • Plastics
  • Paper
  • PetroChemicals
  • AgroChemicals
  • Pharma

Custom Synthesis

Achievements/ recognition:

  • Indo Amines Ltd has been awarded a CRISIL rating
  • ISO 9001-2000 certification.
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