Aksharchem (I)

₹264.8 -2.2 | 0.8%

WEBSITE BSE:524598 NSE : AKSHARCHEM 18 May, 12:50

Market Cap ₹213 Cr.

Stock P/E -15.1

P/B 0.8

Current Price ₹264.8

Book Value ₹ 330.8

Face Value 10

52W High ₹364.8

Dividend Yield 0.19%

52W Low ₹ 220.1

Edit Ratio

Aksharchem (I) Research see more...

Overview Inc. Year: 1989Industry: Dyes & Pigments

AksharChem (India) Ltd is an totally India-based employer, which is engaged within the commercial enterprise of producing and export of dyes and pigments. The Company's merchandise encompass Vinyl Sulphone and copper phthalocyanine (CPC) Green. The Company's Vinyl Sulphone is the raw material for reactive dyes utilized in fabric enterprise. The Company's CPC Green is a raw material for the industries, such as printing inks, paints, rubber, plastics and leather-based. The Company exports its products to diverse locations, which includes the Far East, Europe, South East Asia, North America and South America. The Company's plant is located at Mehsana, Gujarat. The Company's subsidiary is Akshar Pigments Pvt Ltd.

Aksharchem (I) Share Price

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Peer Comparison

Aksharchem (I) Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	96	83	89	112	115	91	65	72	73	75
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	96	83	90	112	115	91	65	72	73	76
Total Expenditure	86	75	78	109	108	85	63	72	77	70
Operating Profit	10	8	11	3	6	6	2	-1	-3	5
Interest	0	0	1	1	1	1	1	1	1	1
Depreciation	3	3	3	3	3	3	3	3	3	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	7	5	8	-1	2	1	-2	-5	-8	1
Provision for Tax	2	1	2	-4	1	0	-1	1	0	0
Profit After Tax	5	3	5	3	1	1	-1	-5	-8	0
Adjustments	0	0	0	-0	0	-0	0	0	0	-0
Profit After Adjustments	5	3	5	3	1	1	-1	-5	-8	0
Adjusted Earnings Per Share	5.9	3.9	6.4	3.3	1.8	1.2	-1.8	-6.7	-9.5	0.4

Aksharchem (I) 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	96	145	200	188	248	264	323	260	246	380	335	285
Other Income	0	0	3	1	9	7	5	1	1	1	0	0
Total Income	96	145	203	189	257	271	328	261	248	381	335	286
Total Expenditure	90	112	173	155	171	223	288	234	223	349	319	282
Operating Profit	6	33	31	34	87	49	40	27	25	32	16	3
Interest	2	1	3	3	3	1	1	1	1	2	3	4
Depreciation	1	1	4	4	5	5	6	7	7	12	13	12
Exceptional Income / Expenses	0	-2	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	3	29	24	26	79	43	33	19	17	18	-0	-14
Provision for Tax	-0	9	8	9	26	12	11	3	5	2	0	0
Profit After Tax	4	20	16	17	53	31	23	16	13	16	-1	-14
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	4	20	16	17	53	31	23	16	13	16	-1	-14
Adjusted Earnings Per Share	7.7	40.5	21.9	22.8	72.4	37.3	27.5	19.2	15.2	19.8	-1.2	-17.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-12%	9%	5%	13%
Operating Profit CAGR	-50%	-16%	-20%	10%
PAT CAGR	-106%	NAN%	NAN%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	17%	-2%	1%	8%
ROE Average	-0%	3%	5%	22%
ROCE Average	1%	5%	7%	25%

Aksharchem (I) 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	17	34	71	85	140	238	257	265	279	280	278
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	2	7	6	0	0	0	0	23	17
Other Non-Current Liabilities	0	2	8	8	12	12	15	14	17	18	18
Total Current Liabilities	27	34	65	55	60	50	44	44	60	86	52
Total Liabilities	44	70	146	155	219	299	316	323	355	406	365
Fixed Assets	16	21	55	56	65	86	126	128	229	231	225
Other Non-Current Assets	1	9	22	28	49	72	69	75	13	22	23
Total Current Assets	28	41	70	71	105	141	121	120	114	153	117
Total Assets	44	70	146	155	219	299	316	323	355	406	365

Aksharchem (I) 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	0	0	1	1	1	4	4	0	0	1	0
Cash Flow from Operating Activities	2	22	28	13	41	30	-9	26	49	4	38
Cash Flow from Investing Activities	-0	-14	-13	-11	-32	-63	-2	-20	-49	-24	-8
Cash Flow from Financing Activities	-2	-8	-15	-2	-5	33	7	-7	1	18	-30
Net Cash Inflow / Outflow	-0	0	0	-0	3	-0	-4	-0	1	-1	0
Closing Cash & Cash Equivalent	0	0	1	1	4	4	0	0	1	0	0

Aksharchem (I) 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)	7.66	40.47	21.88	22.75	72.36	37.26	27.54	19.17	15.24	19.81	-1.17
CEPS(Rs)	10.05	42.88	27.22	28.55	78.77	42.87	34.26	27.37	23.83	35.02	14.82
DPS(Rs)	0.5	5	3.5	3.5	3.5	3.5	3.5	3.5	3.5	0.5	0.5
Book NAV/Share(Rs)	34.23	68.84	97.7	116.24	191.98	289.82	313.56	323.45	339.8	348.21	346.52
Core EBITDA Margin(%)	6.3	22.18	13.52	16.9	30.96	15.71	10.68	9.95	9.7	8.34	4.61
EBIT Margin(%)	5.14	20.37	13.27	15.36	32.7	16.64	10.63	7.77	7.3	5.3	0.81
Pre Tax Margin(%)	3.5	19.63	11.65	13.6	31.5	16.08	10.35	7.35	7.02	4.72	-0.15
PAT Margin (%)	3.92	13.59	7.93	8.73	21.14	11.54	7	6.04	5.07	4.18	-0.28
Cash Profit Margin (%)	5.14	14.4	9.87	10.95	23.02	13.28	8.7	8.63	7.93	7.4	3.56
ROA(%)	9.08	35.19	14.78	11.03	28.29	11.79	7.34	4.92	3.69	4.18	-0.24
ROE(%)	24.96	78.52	30.32	21.27	46.95	16.17	9.13	6.02	4.6	5.7	-0.34
ROCE(%)	17.06	81.04	38.6	27.68	56.76	21.49	13.55	7.39	6.29	6.46	0.86
Receivable days	28.93	26.76	31.14	41.93	26.33	28.16	37.11	47.62	42.9	38.93	48.58
Inventory Days	15.69	18.07	26.31	32.67	35.12	42.62	37.42	55.29	74.2	62.59	71.88
Payable days	61.4	73.01	84.65	111.81	95.19	70.95	51.98	64.56	80.62	69.91	73.94
PER(x)	3.54	3.09	7.21	7.2	10.06	15.92	11.88	7.94	15.32	17.58	0
Price/Book(x)	0.79	1.82	1.62	1.41	3.79	2.05	1.04	0.47	0.69	1	0.59
Dividend Yield(%)	1.85	4	2.22	2.14	0.48	0.59	1.07	2.3	1.5	0.14	0.24
EV/Net Sales(x)	0.28	0.49	0.69	0.8	2.25	1.82	0.86	0.52	0.82	0.86	0.56
EV/Core EBITDA(x)	4.36	2.14	4.52	4.48	6.47	9.91	6.97	5.05	8.12	10.13	12.05
Net Sales Growth(%)	84.67	51.18	37.92	-6.06	32.27	6.44	22.18	-19.43	-5.25	54.31	-12.01
EBIT Growth(%)	287.96	503.33	-10.93	9.39	179.58	-46.18	-22.08	-41.1	-11.04	12.05	-86.52
PAT Growth(%)	197.59	428.38	-20.17	3.98	218.05	-42.25	-26.08	-30.4	-20.49	27.31	-105.92
EPS Growth(%)	197.59	428.38	-45.93	3.98	218.05	-48.51	-26.08	-30.4	-20.49	30	-105.92
Debt/Equity(x)	0.82	0.27	0.34	0.37	0.23	0	0.04	0.05	0.05	0.18	0.09
Current Ratio(x)	1.03	1.21	1.08	1.28	1.74	2.83	2.77	2.73	1.9	1.78	2.25
Quick Ratio(x)	0.89	0.88	0.8	0.99	1.21	2.23	1.94	1.77	0.93	0.94	1.11
Interest Cover(x)	3.13	27.62	8.23	8.75	27.1	29.59	37.47	18.25	26.25	9.14	0.84
Total Debt/Mcap(x)	1.04	0.15	0.21	0.26	0.06	0	0.04	0.1	0.08	0.18	0.15

Aksharchem (I) Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	61.4	62.7	62.7	62.7	62.7	62.7	62.7	62.7	62.7	62.7
FII	1.43	1.55	1.45	1.44	0.72	0.68	0.68	0.68	0.68	0.43
DII	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06
Public	37.11	35.7	35.8	35.81	36.53	36.56	36.56	36.56	36.56	36.82
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5
FII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.3	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.3
Others	0	0	0	0	0	0	0	0	0	0
Total	0.82	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8

Pros

Stock is trading at 0.8 times its book value
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 3% over the last 3 years.
Debtor days have increased from 69.91 to 73.94days.

* 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.

Aksharchem (I) News

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Aksharchem (I)

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Aksharchem (I) Research see more...

Overview Inc. Year: 1989Industry: Dyes & Pigments

Aksharchem (I) Share Price

Alert Data

Quarterly Price

Peer Comparison

Aksharchem (I) Quarterly Results

Aksharchem (I) Profit & Loss

Growth Rates

Aksharchem (I) Balance Sheet

Aksharchem (I) Cash Flow

Aksharchem (I) Ratios

Aksharchem (I) Shareholding Pattern

Aksharchem (I) News

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