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Agarwal Indl. Corp

₹804.5 -14.9 | 1.8%

Market Cap ₹1203 Cr.

Stock P/E 12.1

P/B 2.5

Current Price ₹804.5

Book Value ₹ 316

Face Value 10

52W High ₹1154.3

Dividend Yield 0.31%

52W Low ₹ 585.1

Agarwal Indl. Corp Research see more...

Overview Inc. Year: 1995Industry: Petrochemicals

Agarwal Industrial Corporation Ltd is basically engaged inside the corporations of buying and selling and manufacturing of petrochemicals, such as bituminous and bituminous products, logistics of bitumen and liquid petroleum gas (LPG) and energy generation through windmills. The Company is engaged inside the transportation and serive centre activities. Its segments include Transportation, Windmill and Petrochemicals (Bituminous Products). The Company manufactures numerous products, which include paving grade bitumen, commercial grade bitumen, bitumen emulsions for road construction, crumb rubber modified bitumen (CRMB), polymer modified bitumen (PMB), byproducts/waterproofing materials, bitufelt (type three grade 1) and bituminous expansion jointing boards. The Company's windmills are in Rajasthan and Maharashtra. Bituminex Cochin Pvt.Ltd. is the Company's subsidiary, which is also concerned in production and trading of bituminous merchandise.

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Agarwal Indl. Corp Share Price

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Agarwal Indl. Corp Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 159 381 651 581 223 552 660 629 232 488
Other Income 0 0 2 2 4 2 1 1 2 1
Total Income 159 381 653 583 227 554 660 629 234 489
Total Expenditure 146 348 615 547 201 514 617 587 205 444
Operating Profit 13 33 38 36 26 40 43 42 29 45
Interest 3 3 3 3 2 3 4 4 4 5
Depreciation 5 5 5 5 6 6 6 6 7 7
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 26 29 28 18 31 33 32 18 33
Provision for Tax 1 5 5 5 2 6 5 4 2 6
Profit After Tax 4 21 24 23 15 25 28 28 16 28
Adjustments 0 0 0 0 -0 -0 0 0 -0 0
Profit After Adjustments 4 21 24 23 15 25 28 28 16 28
Adjusted Earnings Per Share 3.4 16.5 18 16.2 10.6 16.9 18.9 18.4 10.7 18.5

Agarwal Indl. Corp Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 121 182 224 281 297 414 531 787 904 1598 2015 2009
Other Income 0 1 1 1 1 1 1 3 2 4 9 5
Total Income 121 183 225 282 298 415 532 790 905 1602 2024 2012
Total Expenditure 109 168 208 260 271 383 494 741 832 1493 1879 1853
Operating Profit 11 14 17 22 27 32 38 49 73 110 145 159
Interest 2 4 4 7 7 9 9 9 10 12 12 17
Depreciation 4 4 4 5 6 8 8 9 14 20 23 26
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 6 8 10 14 15 20 31 49 78 110 116
Provision for Tax 2 1 2 3 5 4 7 6 8 14 18 17
Profit After Tax 3 5 6 7 9 10 13 26 41 64 92 100
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 5 6 7 9 10 13 26 41 64 92 100
Adjusted Earnings Per Share 6.2 9.2 10.7 8.6 8.8 10 13.1 24.9 39.5 48.2 61.7 66.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 26% 37% 37% 32%
Operating Profit CAGR 32% 44% 35% 29%
PAT CAGR 44% 52% 56% 41%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 25% 58% 37% 17%
ROE Average 27% 25% 21% 16%
ROCE Average 25% 23% 20% 17%

Agarwal Indl. Corp Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 34 38 43 73 111 122 134 158 196 295 404
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 4 5 7 8 13 5 2 41 31 69
Other Non-Current Liabilities 1 1 1 2 3 4 5 5 19 24 19
Total Current Liabilities 27 39 46 65 79 99 84 136 139 193 258
Total Liabilities 65 82 95 147 201 238 227 300 395 543 750
Fixed Assets 27 30 31 39 44 62 57 102 159 219 341
Other Non-Current Assets 1 1 2 1 9 1 2 4 5 10 12
Total Current Assets 37 51 63 107 148 175 169 194 232 314 397
Total Assets 65 82 95 147 201 238 227 300 395 543 750

Agarwal Indl. Corp Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 9 5 8 4 11 5 4 2 5 32 46
Cash Flow from Operating Activities -1 3 2 13 -12 8 30 49 49 65 157
Cash Flow from Investing Activities -8 -7 -7 -9 -21 -20 -4 -54 -44 -70 -158
Cash Flow from Financing Activities 5 7 1 -1 27 10 -27 7 21 19 -15
Net Cash Inflow / Outflow -4 2 -3 3 -6 -1 -1 2 27 14 -17
Closing Cash & Cash Equivalent 5 8 4 11 5 4 2 5 32 46 29

Agarwal Indl. Corp Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 6.18 9.25 10.66 8.58 8.82 10.02 13.11 24.91 39.51 48.22 61.68
CEPS(Rs) 13.39 16.89 18.45 15.19 14.51 18.13 21.26 33.64 53.6 63.16 76.85
DPS(Rs) 1.2 1.4 1.5 1.5 1.5 1.5 1.8 1.5 1.8 2 2.5
Book NAV/Share(Rs) 61.88 69.5 78.36 86.88 104.9 115.47 130.16 153.53 191.16 219.52 269.9
Core EBITDA Margin(%) 9.34 7.58 7.21 7.56 8.75 7.39 7 5.88 7.9 6.62 6.73
EBIT Margin(%) 6.21 5.6 5.55 5.91 7.2 5.63 5.57 5.09 6.48 5.62 6.06
Pre Tax Margin(%) 4.27 3.55 3.72 3.54 4.77 3.54 3.81 3.95 5.39 4.85 5.45
PAT Margin (%) 2.82 2.8 2.62 2.44 3.01 2.48 2.53 3.25 4.48 3.98 4.58
Cash Profit Margin (%) 6.11 5.12 4.53 4.32 4.95 4.49 4.1 4.38 6.08 5.22 5.7
ROA(%) 5.64 6.94 6.62 5.66 5.14 4.68 5.78 9.69 11.66 13.57 14.27
ROE(%) 14.8 14.07 14.41 12.19 10.18 9.13 10.67 17.56 22.93 26.21 26.6
ROCE(%) 14.51 15.61 15.83 14.92 13.27 11.58 13.83 17.5 20.41 23.42 24.84
Receivable days 45.64 45.35 55.8 76.37 111.5 96.05 77.6 58.21 55.07 33.81 32.13
Inventory Days 20.58 10.08 12.15 11.21 15 23.79 21.99 12.69 15.2 12.91 16.43
Payable days 20.84 7.96 10.33 6.71 3.36 9.31 8.91 13.9 19.21 12.43 23.94
PER(x) 21.29 14.73 8.63 14.9 68.63 33.79 12.6 1.79 3.99 13.98 9.23
Price/Book(x) 2.13 1.96 1.17 1.47 5.77 2.93 1.27 0.29 0.82 3.07 2.11
Dividend Yield(%) 0.91 1.03 1.63 1.17 0.25 0.44 1.09 3.36 1.14 0.3 0.44
EV/Net Sales(x) 0.75 0.56 0.39 0.56 2.3 1.06 0.46 0.16 0.29 0.62 0.47
EV/Core EBITDA(x) 7.91 7.1 5.23 7.14 25.1 13.85 6.4 2.6 3.55 9 6.6
Net Sales Growth(%) 48.15 50.61 23.41 25.17 5.74 39.34 28.39 48.08 14.85 76.82 26.08
EBIT Growth(%) 75.33 35.78 22.17 33.38 29.1 8.68 26.99 35.48 46.14 53.48 35.73
PAT Growth(%) 46.96 49.49 15.27 16.88 30.51 14.67 30.83 90.06 58.62 57.13 44.86
EPS Growth(%) 9.1 49.49 15.27 -19.44 2.76 13.56 30.83 90.06 58.62 22.03 27.92
Debt/Equity(x) 0.69 0.91 0.95 0.94 0.69 0.81 0.57 0.57 0.66 0.51 0.34
Current Ratio(x) 1.36 1.32 1.38 1.65 1.87 1.77 2.01 1.43 1.66 1.63 1.53
Quick Ratio(x) 1.17 1.19 1.16 1.54 1.65 1.39 1.68 1.22 1.32 1.29 1.09
Interest Cover(x) 3.19 2.73 3.03 2.49 2.97 2.7 3.17 4.46 5.93 7.27 9.95
Total Debt/Mcap(x) 0.32 0.46 0.81 0.93 0.12 0.28 0.45 1.97 0.8 0.16 0.16

Agarwal Indl. Corp Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 58.57 58.57 62.15 59.18 57.2 57.2 57.2 57.2 57.2 57.2
FII 4.26 4 3.48 3.53 6.69 6.36 6.34 6.24 6.24 6.32
DII 0 0 0 0 0 0 0.07 0.08 0.14 0.17
Public 37.17 37.43 34.37 37.29 36.11 36.44 36.4 36.49 36.43 36.31
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 55% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 12.43 to 23.94days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Agarwal Indl. Corp News

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