Indo Amines Ltd - Stock Valuation and Financial Performance

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

Indo Amines Share Price

132.65 -2.25 -1.67%
as on 18-May'24 12:50

DeciZen - make an informed investing decision on Indo Amines

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Indo Amines stock performance -

mw4me loader
P/E Ratio (SA):
18.20
Market Cap:
937.8 Cr.
52-wk low:
100.3
52-wk high:
184.8

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 below 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 Somewhat overvalued zone.

3. Is Indo Amines Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indo Amines Ltd is likely to Rise-somewhat 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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.9%8.9%11.9%16.3%12.1%13.6%6.8%12%9%12.1%-
Value Creation
Index
-0.3-0.4-0.20.2-0.10.0-0.5-0.2-0.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 217215243278347527472539780922913
Sales YoY Gr.--0.8%12.7%14.6%24.8%51.8%-10.4%14.2%44.7%18.2%-
Adj EPS 0.90.71.32.21.831.54.13.15.57.3
YoY Gr.--25.5%85.7%65.4%-14.4%64.7%-51.5%181%-24%75.2%-
BVPS (₹) 6.56.77.41011.417.218.522.525.730.534.9
Adj Net
Profit
5.94.68.614.412.321.410.429.222.238.952
Cash Flow from Ops. 20.322.119.212.710.518.637.553.3-7.420.6-
Debt/CF from Ops. 2.62.22.54.88.373.83-27.811.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.4%21.6%25%18.2%
Adj EPS 21.7%24.5%55.2%75.2%
BVPS18.9%21.9%18.1%18.9%
Share Price 34.2% 27.2% 31.7% 20.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.610.918.524.91721.48.219.912.919.422.3
Op. Profit
Mgn %
8.49.611.712.21110.2910.46.79.210.3
Net Profit
Mgn %
2.72.13.55.23.54.12.25.42.94.25.7
Debt to
Equity
1.31.110.91.11.11.111.11.1-
Working Cap
Days
14514613013813811214014710810774
Cash Conv.
Cycle
3843414543395658404513

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.30%

Sales growth is growing at healthy rate in last 3 years 24.98%

Net Profit is growing at healthy rate in last 3 years 55.24%

Debt to equity has increased versus last 3 years average to 1.06

Sales growth is not so good in last 4 quarters at 0.58%

Latest Financials - Indo Amines Ltd.

Standalone Consolidated
TTM EPS (₹) 7.3 7.2
TTM Sales (₹ Cr.) 913 925
BVPS (₹.) 34.9 36
Reserves (₹ Cr.) 212 219
P/BV 3.80 3.68
PE 18.20 18.45
From the Market
52 Week Low / High (₹) 100.30 / 184.75
All Time Low / High (₹) 0.08 / 187.03
Market Cap (₹ Cr.) 938
Equity (₹ Cr.) 35.4
Face Value (₹) 5
Industry PE 51

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales217215243278347527472539780922
Operating Expenses 199195214244309473430483728839
Manufacturing Costs3636413453747681109121
Material Costs136132142179216342293332507611
Employee Cost 891012142123232732
Other Costs 19192119263738478475
Operating Profit 18212834385442565383
Operating Profit Margin (%) 8.4%9.6%11.7%12.2%11.0%10.2%9.0%10.4%6.7%9.0%
Other Income 12154767104
Interest 45468101191417
Depreciation 6101212121519111417
Exceptional Items 0000000000
Profit Before Tax 971421233619433553
Tax 32569125101015
Profit After Tax 65915142414332538
PAT Margin (%) 2.7%2.1%3.5%5.4%4.1%4.6%2.9%6.1%3.2%4.1%
Adjusted EPS (₹)0.90.71.32.32.13.42.04.73.55.4
Dividend Payout Ratio (%)26%36%38%22%23%15%26%12%14%9%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 4044496777123132161183217
Share Capital 31333333333535353535
Reserves 9111633448897125148182
Minority Interest0000000000
Debt4744445578120128147187210
Long Term Debt571314192635535057
Short Term Debt4237314160949294137154
Trade Payables3730293863777698124106
Others Liabilities 28313842172227324449
Total Liabilities 151149160202235342363438537583

Fixed Assets

Gross Block6594104127145213232251322352
Accumulated Depreciation354657708198117128142158
Net Fixed Assets3048465864115115123180194
CWIP 121025824542018
Investments 5555511333
Inventories232626314862767798114
Trade Receivables4838456072117107133185202
Cash Equivalents 4453775111913
Others Assets29273342343235383339
Total Assets 151149160202235342363438537583

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2022191311193753-721
PBT 971421233619433553
Adjustment 8161514192427172735
Changes in Working Capital 63-4-16-19-28-24-61-57
Tax Paid -2-4-5-6-13-14-6-11-9-10
Cash Flow From Investing Activity -23-13-10-22-21-40-35-50-36-30
Capex -18-17-10-16-21-45-35-49-37-29
Net Investments -100-6040-200
Others -430000011-1
Cash Flow From Financing Activity 3-9-871421-42513
Net Proceeds from Shares 3100000000
Net Proceeds from Borrowing 000009131567
Interest Paid -4-5-4-4-8-10-11-9-14-17
Dividend Paid -1-2-3-2-3-4-3-5-2-4
Others 5-4-1122625-226217
Net Cash Flow 101-24-1-168-6
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.9710.9818.5426.1120.0524.5210.9222.7214.6119.11
ROCE (%)15.0813.3118.7724.1121.222.2711.1717.6613.8616.7
Asset Turnover Ratio1.741.591.771.731.742.061.591.451.952.05
PAT to CFO Conversion(x)3.334.42.110.870.790.792.641.61-0.280.55
Working Capital Days
Receivable Days71665561635873766162
Inventory Days34383433383445483434
Payable Days98927568857596968069

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 18-May-2024 12:50 is ₹132.7.
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 18-May-2024 12:50 the market cap of Indo Amines stood at ₹937.8.
The latest P/E ratio of Indo Amines as of 18-May-2024 12:50 is 18.20.
The latest P/B ratio of Indo Amines as of 18-May-2024 12:50 is 3.80.
The 52-week high of Indo Amines is ₹184.8 and the 52-week low is ₹100.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Amines is ₹912.7 ( 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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