Amines & Plastic

₹195.7 1.9 | 1%

WEBSITE BSE:506248 NSE : AMINES&PLAST 18 May, 12:41

Market Cap ₹1076 Cr.

Stock P/E 30.4

P/B 5.2

Current Price ₹195.7

Book Value ₹ 37.6

Face Value 2

52W High ₹235

Dividend Yield 0.26%

52W Low ₹ 70

Edit Ratio

Amines & Plastic Research see more...

Overview Inc. Year: 1973Industry: Chemicals

Amines and Plasticizers Ltd is engaged in the manufacturing of basic chemicals, fertilizers and nitrogen compounds, plastic and synthetic rubber in primary forms. It's geographical segments are both in India and Overseas. The Company is engaged within the production of alkyl alkonalamines, morpholine, alkyl morpholine and gasoline treating solvents, which finds software in numerous industries, such as oil refineries, natural gasoline plants, ammonia plants, petrochemical plants, pharma and agro chemicals. Its services and products encompass IT, engineering and fabrication offerings, oil field chemical substances, textile auxiliary chemical substances, pharmaceutical intermediates and commercial gases. Its merchandise encompass Methyl Monoethanolamine (MMEA), Methyl Diethanolamine (MDEA), Ethyl Diethanolamine, Mono-n-propyl Monoethanolamine, Mono-n-propyl Diethanolamine (PDEA), N-Formyl Morpholine (NFM), N-Acetyl Morpholine (NAM) and N-Butyl Morpholine (NBM).

Amines & Plastic Share Price

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Peer Comparison

Amines & Plastic 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	133	143	153	138	131	161	167	137	157	175
Other Income	2	1	1	1	0	1	1	0	1	1
Total Income	135	144	154	139	132	162	168	137	158	176
Total Expenditure	122	135	143	128	123	151	153	123	141	158
Operating Profit	12	9	11	11	9	10	15	15	17	18
Interest	2	2	2	3	3	2	3	3	4	3
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	9	5	7	8	5	6	11	10	12	13
Provision for Tax	2	1	2	2	1	2	3	3	3	4
Profit After Tax	7	4	6	6	4	5	9	8	9	10
Adjustments	0	0	-0	0	0	0	0	0	0	0
Profit After Adjustments	7	4	6	6	4	5	9	8	9	10
Adjusted Earnings Per Share	1.3	0.7	1	1	0.7	0.9	1.6	1.4	1.7	1.8

Amines & Plastic 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	192	244	302	262	295	326	455	399	442	563	597	636
Other Income	0	0	0	0	1	4	3	4	5	5	3	3
Total Income	193	244	302	263	296	331	458	403	447	568	600	639
Total Expenditure	179	227	280	239	267	298	421	357	389	523	555	575
Operating Profit	14	17	23	24	30	33	36	46	58	45	45	65
Interest	9	10	10	8	6	7	8	9	10	9	10	13
Depreciation	2	2	2	2	2	3	3	3	4	4	5	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	-3	0	0	0	0
Profit Before Tax	2	5	10	14	21	23	26	30	44	32	30	46
Provision for Tax	1	2	4	5	6	8	9	6	11	8	7	13
Profit After Tax	1	3	6	9	15	15	16	25	33	24	23	36
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	3	6	9	15	15	16	25	33	24	23	36
Adjusted Earnings Per Share	0.2	0.6	1.1	1.6	2.7	2.7	3	4.5	5.9	4.3	4.2	6.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	6%	14%	13%	12%
Operating Profit CAGR	0%	-1%	6%	12%
PAT CAGR	-4%	-3%	9%	37%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	139%	28%	45%	47%
ROE Average	13%	18%	21%	20%
ROCE Average	16%	21%	22%	22%

Amines & Plastic 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	25	28	33	41	55	68	82	108	141	162	183
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	8	11	23	21	21	23	32	29	27	26	23
Other Non-Current Liabilities	3	4	4	5	6	7	7	6	7	7	8
Total Current Liabilities	97	101	78	72	79	92	130	88	130	115	131
Total Liabilities	133	144	138	140	161	190	252	232	305	310	344
Fixed Assets	30	35	36	35	36	40	43	75	73	84	80
Other Non-Current Assets	10	12	13	13	19	22	35	8	15	6	8
Total Current Assets	92	97	90	91	106	128	174	149	217	220	256
Total Assets	133	144	138	140	161	190	252	232	305	310	344

Amines & Plastic 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	1	5	10	2	46	3
Cash Flow from Operating Activities	7	20	7	14	9	22	10	31	44	-27	5
Cash Flow from Investing Activities	-4	-7	-3	-1	-5	-4	-16	-17	-6	-4	-2
Cash Flow from Financing Activities	-2	-12	-3	-13	-5	-14	12	-22	6	-13	0
Net Cash Inflow / Outflow	-0	1	0	-1	0	4	6	-8	44	-43	3
Closing Cash & Cash Equivalent	0	1	1	1	1	5	10	2	46	3	6

Amines & Plastic 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)	0.23	0.6	1.14	1.64	2.69	2.68	2.99	4.47	5.92	4.34	4.16
CEPS(Rs)	0.55	0.98	1.53	2.05	3.11	3.15	3.48	5.01	6.67	5.13	5.04
DPS(Rs)	0.1	0.2	0.2	0.2	0.3	0.3	0.3	0.3	0.4	0.4	0.5
Book NAV/Share(Rs)	4.34	4.83	5.8	7.19	10.06	12.37	14.89	19.65	25.58	29.49	33.2
Core EBITDA Margin(%)	6.26	6.48	6.8	8.26	8.84	8.5	7.44	10.44	11.95	7.13	7.11
EBIT Margin(%)	5.61	5.79	6.25	7.62	8.58	9.02	7.42	9.96	12.12	7.28	6.76
Pre Tax Margin(%)	1.17	2.07	3.1	4.83	6.58	6.87	5.67	7.61	9.94	5.71	5.07
PAT Margin (%)	0.6	1.25	1.92	3.21	4.61	4.41	3.61	6.16	7.38	4.24	3.83
Cash Profit Margin (%)	1.44	2.04	2.58	4	5.33	5.18	4.2	6.91	8.31	5.02	4.64
ROA(%)	0.97	2.39	4.45	6.51	9.83	8.4	7.43	10.18	12.15	7.76	6.99
ROE(%)	5.37	13.12	21.48	25.32	31.19	23.92	21.91	25.89	26.2	15.75	13.26
ROCE(%)	15.67	19.13	23.32	22.29	25.78	25.45	23.88	24.33	28.16	18.26	16.1
Receivable days	60.62	53.05	45.69	51.21	47.47	48.38	48.4	66.33	64.98	61.98	68.37
Inventory Days	59.78	51.42	41.28	43.39	39.77	53.02	46.11	53.07	46.76	45.48	49.45
Payable days	114.58	95.03	70.32	66.8	65.18	76.54	73.02	89.59	85.95	62.72	53.3
PER(x)	16.54	6.35	13.45	10.19	14.82	21.55	11.13	4.47	12.9	25.2	16.82
Price/Book(x)	0.87	0.79	2.65	2.33	3.96	4.67	2.23	1.02	2.99	3.7	2.11
Dividend Yield(%)	1.32	2.62	0.65	1.19	0.75	0.52	0.9	1.5	0.52	0.37	0.71
EV/Net Sales(x)	0.39	0.29	0.47	0.56	0.93	1.12	0.55	0.41	1.01	1.19	0.77
EV/Core EBITDA(x)	5.48	4.13	6.37	6.24	9.23	11.16	6.81	3.58	7.73	14.71	10.18
Net Sales Growth(%)	1.8	26.78	23.74	-13.13	12.49	10.66	39.42	-12.29	10.71	27.44	6.06
EBIT Growth(%)	0.27	29.68	32.98	5.47	27.99	9.62	12.02	17.64	34.76	-23.5	-1.4
PAT Growth(%)	-54.47	163.08	89.61	44.06	63.62	-0.29	11.35	49.71	32.49	-26.8	-4.13
EPS Growth(%)	-56.34	163.05	89.62	44.06	63.61	-0.29	11.35	49.71	32.49	-26.8	-4.13
Debt/Equity(x)	2.33	2.04	1.95	1.5	1.07	0.8	0.96	0.54	0.52	0.44	0.46
Current Ratio(x)	0.95	0.96	1.16	1.26	1.35	1.4	1.34	1.68	1.67	1.91	1.96
Quick Ratio(x)	0.58	0.59	0.7	0.83	0.86	0.76	0.9	1.01	1.25	1.16	1.38
Interest Cover(x)	1.26	1.56	1.98	2.73	4.3	4.2	4.22	4.24	5.57	4.65	4
Total Debt/Mcap(x)	2.67	2.57	0.74	0.64	0.27	0.17	0.43	0.53	0.18	0.12	0.22

Amines & Plastic Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.17	73.17	73.17	73.17	73.17	73.17	73.17	73.17	73.17	73.17
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	26.83	26.83	26.83	26.83	26.83	26.83	26.83	26.83	26.83	26.83
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	4.03	4.03	4.03	4.03	4.03	4.03	4.03	4.03	4.03	4.03
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	1.48	1.48	1.48	1.48	1.48	1.48	1.48	1.48	1.48	1.48
Others	0	0	0	0	0	0	0	0	0	0
Total	5.5	5.5	5.5	5.5	5.5	5.5	5.5	5.5	5.5	5.5

Pros

Debtor days have improved from 62.72 to 53.3days.
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 5.2 times its book value.
The company has delivered a poor profit growth of 8% over past five years.

* 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.