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Amrit Banaspati Company Ltd. Stock Analysis

Small Cap
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Amrit Banaspati Company Ltd. (ABCL) was originally incorporated as Amrit Enterprises Ltd. on 28th March, 1985. The company had entered into a Scheme of Arrangement under section 391-394 of the Companies Act, 1956, with other group companies namely Amrit Corp. (Earlier it was known as Amrit...

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'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Return on Capital Employed 2.95%7.74%11.3%15.02%30.11%22.99%2.22%1.94%2.02%2.78%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 6197598068061,0081,04389.264.722.422.6
Y-o-Y Gr. Rt.-22.5%6.2%0%25%3.5%-91.5%-27.5%-65.4%0.9%
Adjusted EPS (Rs.) -0.262.186.4111.2429.8832.793.933.62.52.7
Y-o-Y Gr. Rt.-NA194%75.4%165.8%9.7%-88%-8.4%-30.6%8%
Book Value per Share (Rs.) 3636.4439.1747.6772.98197.89197.37197.66203.08178.44
Adjusted Net Profit -0.21.64.78.32224.22.92.71.82.6
Net Op. Cash Flow (Rs. Cr.) 3.9-10.725.913.136.2-40.55.9-5.5-10.8-13.1
Debt to Cash Flow from Ops 8.61-4.581.643.010.92-0.012.16-0.02-4.2-2.53
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.
Amrit Banaspati Company Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -30.8%-53.2%-36.8%0.9%
Adjusted EPS NA-38.2%-11.8%8%
Book Value per Share 19.519.6-3.3-12.1
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Return on Equity (%) -0.495.4816.1625.849.4124.191.991.821.251.61
Operating Profit Margin (%) 1.341.341.742.273.941.53-5-10.94-34.22-41.52
Net Profit Margin (%) -0.030.210.591.032.182.323.254.118.2411.43
Debt to Equity 1.141.661.461.120.6200.0900.30.19
Working Capital Days 37403634343018795276396
Cash Conversion Cycle 232826272916102836
Entity Percentage Holding
Promoters 74.23%
Non-Institutions 25.76%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

Data is not available for this company

Amrit Banaspati Company Ltd. (ABCL) was originally incorporated as Amrit Enterprises Ltd. on 28th March, 1985. The company had entered into a Scheme of Arrangement under section 391-394 of the Companies Act, 1956, with other group companies namely Amrit Corp. (Earlier it was known as Amrit Banaspati Company) and ABC Paper. The Scheme was duly approved by the High Courts of Punjab & Harayana, Allahabad and Delhi. Pursuant to this scheme, the edible oil business of erstwhile

Amrit Banaspati Company Ltd. (ABCL) was originally incorporated as Amrit Enterprises Ltd. on 28th March, 1985. The company had entered into a Scheme of Arrangement under section 391-394 of the Companies Act, 1956, with other group companies namely Amrit Corp. (Earlier it was known as Amrit Banaspati Company) and ABC Paper. The Scheme was duly approved by the High Courts of Punjab & Harayana, Allahabad and Delhi. Pursuant to this scheme, the edible oil business of erstwhile Amrit Banaspati Co. (now Amrit Corp.) was de-merged in the company and the paper business of erstwhile Amrit Banaspati Co. (now Amrit Corp.) was de-merged in ABC Paper with effect from April 1, 2006.

Pursuant to the aforesaid Scheme, the entire undertaking and business and also properties and liabilities of the edible oil and FMCG commodities business of Amrit Corp. (transferor company) were transferred to and vested in the company on and from the appointed date on a going concern basis and all the employees of edible oil and FMCG commodities business of Amrit Corp. Ltd. became the employees of the company without interruption in their services on terms not less favourable to them as then applicable.

Also, under the Scheme, the name of the company has been changed to Amrit Banaspati Company from Amrit Enterprises, while the name of transferor company was changed to Amrit Corp. from Amrit Banaspati Company.

The Scheme has led to economies of scale in the form of enhanced scale of operations and increased asset base leading to optimum utilization of resources and capacities.

ABCL has carried out various modernization/ upgradation schemes in the past to increase the capacity of its plants and improve operational efficiency etc., for which financial Institutions have sanctioned financial assistance from time to time. Today we are operating at an installed capacity of 450 MT/DAY which shows tremendous growth. This stupendous growth has been possible because ABCL has continuously endeavored to bring new products to the Indian consumer and to that end its R & D has played a key role.

Business Area of the company

The company is engaged in the manufacturing and marketing of Vanaspati, bakery shortenings, refined and filtered edible oils and other FMCG products.

Products of the company

Lifestyle Products

  • Ginni Nutri
  • Delight Nuggets
  • Merrigold Table Margarine 
  • MerriLite 

Premium Products

  • Refined Sunflower Oil
  • Refined Groundnut Oil
  • Refined Cottonseed Oil 
  • Refined Ricebran Oil 
  • Merrilite
  • Kachi Ghani Mustard Oil 

Consumer Products

  • Gagan Vanaspati
  • Gagan Gold Vanaspati
  • Refined Palm Oil 
  • Ginni Plus Refined Oil 
  • Refined Soyabean Oil 
  • Bansari Pure
  • Mustard Oil

B2B Products

  • Gagan Vanaspati
  • Gagan Gold Vanaspati
  • Refined Palm Oil 
  • Ginni Plus Refined Oil 
  • Refined Soyabean Oil 
  • Bansari Pure
  • Mustard Oil etc

Associate Companies

  • Amrit Food
  • Amrit Corp
  • Amrit Learning

Awards & Recognitions

  • Gagan: A recipient of the prestigious Rome Monde Selection Gold Medal
  • Ginni: The Refined Cottonseed Oil received the prestigious Rome Monde Selection Gold Medal and Ginni Gold is a recipient of the esteemed Paris Monde Selection Gold Medal
  • Merrigold Table Margarine is a recipient of the Paris Monde Selection Silver Medal
  • Monde Selection Medal of Brussels on several occasions
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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