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Assam Petrochemicals Ltd. Stock Analysis

Small Cap
Evaluated by 90 users | BSE: 506267 | NSE: |
Petrochemicals
Assam Petrochemicals, incorporated in 1971, is engaged in the business of manufacturing methanol and formalin. The company was set up with an objective of utilizing reserves of natural gas in the upper Assam oil fields and also to cater the requirement of methanol and formalin.The company was...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 3.4%-12.7%-1.44%11.63%10.78%-8.05%-33.52%5.07%16.85%4.34%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 50.534.862.18399.385.774.486.395.3112
Y-o-Y Gr. Rt.--31.1%78.4%33.6%19.6%-13.7%-13.1%15.9%10.5%17.1%
Adjusted EPS (Rs.) 3.06-11.05-1.1710.2710.28-7.11-24.343.1411.210.29
Y-o-Y Gr. Rt.--461.1%NANA0.1%-169.2%NANA257%-97.4%
Book Value per Share (Rs.) 92.2981.0579.8881.6790.868460.0363.2467.7310.45
Adjusted Net Profit 2.8-10.1-1.19.49.4-6.5-22.22.910.212.3
Net Op. Cash Flow (Rs. Cr.) 0-10.5-3.42.63.2-17.7-234.18.1-96.1
Debt to Cash Flow from Ops 000000000-0.55
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.
Assam Petrochemicals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 9.2%2.4%14.5%17.1%
Adjusted EPS -23%-51%NA-97.4%
Book Value per Share -21.5-35.1-44.2-84.6
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 3.35-12.74-1.4611.3110.61-8.05-33.545.0616.854.77
Operating Profit Margin (%) 2.47-37.72-5.9310.457.26-13.83-33.411.119.638.34
Net Profit Margin (%) 5.52-28.94-1.7211.299.45-7.57-29.833.3110.7311.01
Debt to Equity 0000000000.12
Working Capital Days 220313162120961081139091104
Cash Conversion Cycle 57856166535560585846
Entity Percentage Holding
Promoters 88.20%
Institutions 10.34%
Non-Institutions 1.46%
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.

Data is not available for this company.

Data is not available for this company

Assam Petrochemicals, incorporated in 1971, is engaged in the business of manufacturing methanol and formalin. The company was set up with an objective of utilizing reserves of natural gas in the upper Assam oil fields and also to cater the requirement of methanol and formalin.

The company was set up by state government of Assam with joint participation of Assam Industrial Development Corporation (AIDC) and the public. Primarily, it started with manufacturing of petrochemicals using

Assam Petrochemicals, incorporated in 1971, is engaged in the business of manufacturing methanol and formalin. The company was set up with an objective of utilizing reserves of natural gas in the upper Assam oil fields and also to cater the requirement of methanol and formalin.

The company was set up by state government of Assam with joint participation of Assam Industrial Development Corporation (AIDC) and the public. Primarily, it started with manufacturing of petrochemicals using natural gas as a feedstock. The company started with a methanol plant with formaldehyde and a few urea formaldehyde resins.

For this company sourced technology from Mitsubishi Gas Chemicals Co Japan. Commercial production of plant started in 1976.

Later in 1989, the company established a methanol plant of 100TPD capacity to meet growing demand. For this company sourced technology from UK-based ICI. In the year 1989 the company set up a 100 TPD formaldehyde plant for which the technology was sourced from Derivados Forestales of Nederland.

The company is marketing it products in Bengal, Delhi, Haryana, Uttaranchal, Bihar, Nepal, Bhutan, etc. Assam Petrochemicals is the first company in the north eastern region to float a public issue. The company is listed on the Bombay Stock Exchange and the Guwahati Stock Exchange.

The company has a manufacturing capacity of 100 TPD of methanol and formalin each. Thus the annual production of these products is 33,000 tonnes each.

Products

Methanol- Methanol, or methyl alcohol, is a transparent liquid with typical smell of alcohol, highly inflammable and poisonous. This product can be converted into various industrial chemicals such as formaldehyde, DMT (polyester intermediary), fertilizers, pesticides, drugs, MTBE, paints, methylamine and bio diesel.

Formalin- This is a pungent smelling toxic liquid used by various plywood industries for making adhesive resins, laminate manufacturers, MDF making, destuff, pntaerythritol and hxamine.

Future Plans

Assam Petrochemicals plans to increase its production capacity of its methanol plant by 30%, which would require an investment of Rs 30 crore; and 25% of its formaldehyde plant with capital investment of Rs 4 crore.

The company plans to set up a captive power unit comprising two gas turbines of 3.5 MW each.

Assam Petrochemicals plans to set up a 500TPD methanol plant that is estimated to require an capital investment of Rs.600 crore.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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