Andhra Petrochem

₹88.1 0.1 | 0.1%

WEBSITE BSE:500012 NSE : ANDHRA PETRO 10 May, 16:01

Market Cap ₹749 Cr.

Stock P/E 36.6

P/B 1.5

Current Price ₹88.1

Book Value ₹ 60.3

Face Value 10

52W High ₹116

Dividend Yield 1.7%

52W Low ₹ 57

Edit Ratio

Andhra Petrochem Research see more...

Overview Inc. Year: 1984Industry: Chemicals

The Andhra Petrochemicals Ltd is an totally India-based corporation, that is engaged within the production of oxo-alcohols. The Company's merchandise/services include 2 Ethyl Hexanol and Butanols. It gives Normal Butanol and Iso Butanol. Its 2 Ethyl Hexanol has programs in plasticizers, stabilizers, solvents, acrylates and finishing compounds for ink. Other packages of two Ethyl Hexanol encompass nitrate esters, lube and fuel additives, surfactants, mining, stabilizers, solvent extractions, oil flotations, agricultural chemicals and engine machinery lubrication. Its facilities include steam era, diesel power era, sea water cooling tower and raw water garage. The Company's plant is positioned in Visakhapatnam, Andhra Pradesh.

Andhra Petrochem Share Price

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Peer Comparison

Andhra Petrochem 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	244	243	241	238	246	92	182	191	181	139
Other Income	2	4	3	5	4	5	4	6	6	6
Total Income	246	247	244	242	250	97	187	197	187	145
Total Expenditure	144	141	164	208	205	111	179	189	169	126
Operating Profit	102	106	81	35	45	-14	8	7	18	19
Interest	2	2	2	2	2	2	2	2	2	2
Depreciation	3	4	4	4	4	4	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	97	101	75	29	39	-20	2	1	12	13
Provision for Tax	34	14	20	7	10	-4	1	0	4	3
Profit After Tax	63	86	55	22	29	-16	1	1	8	10
Adjustments	-0	-0	-0	0	0	-0	0	0	0	0
Profit After Adjustments	63	86	55	22	29	-16	1	1	8	10
Adjusted Earnings Per Share	7.4	10.2	6.5	2.6	3.4	-1.9	0.1	0.1	1	1.2

Andhra Petrochem 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	563	259	140	334	329	518	666	456	566	965	683	693
Other Income	3	5	1	1	2	2	3	3	4	15	19	22
Total Income	566	264	141	335	331	521	669	459	570	980	702	716
Total Expenditure	535	275	170	345	316	452	557	423	429	656	648	663
Operating Profit	31	-10	-29	-10	15	69	111	36	141	324	53	52
Interest	9	7	10	13	16	12	6	2	9	9	9	8
Depreciation	14	13	9	10	9	9	10	13	14	14	15	16
Exceptional Income / Expenses	-5	0	0	7	-1	0	0	0	0	0	0	0
Profit Before Tax	5	-30	-47	-26	-11	47	95	21	118	301	29	28
Provision for Tax	2	-5	-3	-3	-4	1	25	8	41	74	9	8
Profit After Tax	3	-26	-45	-24	-7	47	70	14	76	227	20	20
Adjustments	0	0	0	0	0	0	0	-0	0	0	0	0
Profit After Adjustments	3	-26	-45	-24	-7	47	70	14	76	227	20	20
Adjusted Earnings Per Share	0.4	-3	-5.2	-2.8	-0.9	5.5	8.2	1.6	9	26.7	2.4	2.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-29%	14%	6%	2%
Operating Profit CAGR	-84%	14%	-5%	6%
PAT CAGR	-91%	13%	-16%	21%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	39%	7%	11%	25%
ROE Average	4%	30%	26%	9%
ROCE Average	7%	44%	37%	17%

Andhra Petrochem 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	216	190	144	117	113	158	226	223	304	504	505
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	17	19	41	71	74	14	6	0	0	0	0
Other Non-Current Liabilities	35	28	25	14	11	2	6	83	102	100	99
Total Current Liabilities	63	55	55	40	65	73	23	31	40	39	32
Total Liabilities	331	292	265	243	264	246	261	337	446	642	636
Fixed Assets	224	212	200	192	184	181	172	247	235	224	221
Other Non-Current Assets	10	23	23	17	11	10	9	8	12	29	5
Total Current Assets	96	57	41	33	69	55	79	82	200	390	410
Total Assets	331	292	265	243	264	246	261	337	446	642	636

Andhra Petrochem 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	3	13	1	-14	1	1	2	3	4	10	3
Cash Flow from Operating Activities	14	13	-32	-4	-14	60	79	41	125	177	-65
Cash Flow from Investing Activities	2	-10	1	-1	12	-8	-15	-15	-112	-167	77
Cash Flow from Financing Activities	-5	-15	34	12	2	-52	-63	-25	-7	-17	-13
Net Cash Inflow / Outflow	10	-12	2	7	-0	1	1	1	6	-7	-1
Closing Cash & Cash Equivalent	13	1	3	-7	1	2	3	4	10	3	2

Andhra Petrochem 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)	0.37	-3.02	-5.24	-2.79	-0.87	5.47	8.22	1.63	9	26.68	2.4
CEPS(Rs)	1.98	-1.45	-4.18	-1.63	0.2	6.59	9.45	3.14	10.65	28.35	4.21
DPS(Rs)	0	0	0	0	0	0	1.5	0	1.5	3	1.5
Book NAV/Share(Rs)	25.4	22.38	16.89	13.81	13.35	18.55	26.65	26.3	35.74	59.27	59.46
Core EBITDA Margin(%)	4.45	-5.33	-19	-3.01	3.46	12.42	16.32	7.13	23.9	31.81	5.02
EBIT Margin(%)	2.09	-8.16	-23.98	-3.44	1.26	11.1	15.15	5.05	22.14	31.85	5.5
Pre Tax Margin(%)	0.73	-10.4	-30.13	-7	-2.94	8.87	14.27	4.71	20.55	30.96	4.24
PAT Margin (%)	0.49	-8.83	-28.24	-6.3	-1.99	8.73	10.49	3.05	13.32	23.32	2.96
Cash Profit Margin (%)	2.66	-4.24	-22.53	-3.68	0.45	10.51	12.06	5.86	15.76	24.77	5.19
ROA(%)	0.95	-8.24	-15.98	-9.33	-2.91	18.23	27.55	4.65	19.52	41.65	3.19
ROE(%)	1.46	-12.64	-26.68	-18.16	-6.38	34.3	36.36	6.17	29.01	56.17	4.05
ROCE(%)	4.76	-9.17	-16.45	-6	2.15	26.1	42.99	9.78	47.64	75.95	7.4
Receivable days	8.14	4.29	2.18	2.12	12.52	19.18	19.13	16.67	3.31	1.4	1.15
Inventory Days	27.08	59.77	75.43	22.56	27.63	17.52	9.64	21.69	21.52	17.18	32.93
Payable days	5	23.49	42.62	8.38	6.44	5.36	4.16	7.8	13.56	7.8	4.13
PER(x)	32.64	0	0	0	0	10.49	6.65	10.06	6.86	3.46	20.41
Price/Book(x)	0.47	0.42	0.69	0.8	1.91	3.09	2.05	0.63	1.73	1.56	0.82
Dividend Yield(%)	0	0	0	0	0	0	2.74	0	2.43	3.24	3.06
EV/Net Sales(x)	0.27	0.49	1.23	0.55	0.99	1.07	0.71	0.31	0.91	0.62	0.22
EV/Core EBITDA(x)	4.82	-12.3	-6	-18.51	21.92	8.11	4.27	3.97	3.64	1.85	2.77
Net Sales Growth(%)	-5.76	-53.92	-45.91	138.19	-1.55	57.56	28.5	-31.53	24.16	70.54	-29.25
EBIT Growth(%)	-76.8	-279.38	-59.21	65.8	136.17	1164.44	70.67	-77.2	452.38	143.71	-87.76
PAT Growth(%)	-89.61	-923.05	-73.44	46.81	68.91	731.73	50.18	-80.11	450.66	196.49	-91
EPS Growth(%)	-89.61	-923.11	-73.44	46.81	68.91	731.71	50.18	-80.11	450.65	196.49	-91
Debt/Equity(x)	0.29	0.25	0.54	0.79	0.98	0.45	0.06	0.03	0	0.02	0.02
Current Ratio(x)	1.53	1.04	0.75	0.83	1.06	0.75	3.49	2.62	4.95	10.13	12.72
Quick Ratio(x)	0.65	0.32	0.29	0.3	0.52	0.53	2.65	1.49	4.14	8.6	10.69
Interest Cover(x)	1.54	-3.65	-3.9	-0.97	0.3	4.98	17.05	15.12	13.92	35.99	4.39
Total Debt/Mcap(x)	0.62	0.6	0.78	0.99	0.51	0.15	0.03	0.04	0	0.01	0.02

Andhra Petrochem Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	45.04	45.04	45.04	45.04	45.04	45.04	45.04	45.04	45.04	45.04
FII	0.19	0.53	0.35	0.35	0.35	0.35	0.35	0.32	0.32	0.74
DII	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Public	54.74	54.4	54.58	54.58	54.58	54.58	54.58	54.61	54.61	54.19
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	3.83	3.83	3.83	3.83	3.83	3.83	3.83	3.83	3.83	3.83
FII	0.02	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.06
DII	0	0	0	0	0	0	0	0	0	0
Public	4.65	4.62	4.64	4.64	4.64	4.64	4.64	4.64	4.64	4.6
Others	0	0	0	0	0	0	0	0	0	0
Total	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5	8.5

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 30%
Debtor days have improved from 7.8 to 4.13days.
Company is almost debt free.

Cons

Promoter holding is low: 45.04%.
The company has delivered a poor profit growth of -15% 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.