Archean Chem Inds

₹625.6 4 | 0.6%

WEBSITE BSE:543657 NSE : ACI 10 May, 16:01

Market Cap ₹7719 Cr.

Stock P/E 19.4

P/B 4.6

Current Price ₹625.6

Book Value ₹ 135.6

Face Value 2

52W High ₹838.2

Dividend Yield 0.4%

52W Low ₹ 495

Edit Ratio

Archean Chem Inds Research see more...

Archean Chemical Industries Ltd: Navigating the Seas of Specialty Chemicals – A Special Commodity Business Perspective

Archean Chemical Industries Limited

Overview Inc. Year: 2009Industry: Chemicals

Archean Chemical Industries Ltd is a chemical manufacturing company based in India. Established in 1992, the company produces a wide range of specialty chemicals used in various industries such as textiles, pharmaceuticals, agrochemicals, and more. Archean's product portfolio includes organic and inorganic chemicals, intermediates, and specialty chemicals. The company has a state-of-the-art manufacturing facility in the state of Gujarat, India, and employs over 500 people. Archean Chemical Industries is committed to delivering high-quality products and has received various certifications for its quality management systems. The company also focuses on sustainable development and has implemented measures to reduce its environmental impact. Archean's customer base includes leading domestic and international companies, and it has a strong presence in markets across Asia, Europe, and the Americas.

Archean Chem Inds Share Price

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Price

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Quarterly Price

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Peer Comparison

Archean Chem Inds Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	307	373	400	293	365	382	343	290	413
Other Income	6	4	9	19	7	8	11	11	9
Total Income	313	376	409	312	372	391	354	302	422
Total Expenditure	190	213	239	175	205	188	208	195	267
Operating Profit	123	164	170	138	167	203	146	107	155
Interest	41	39	39	35	19	3	3	2	2
Depreciation	17	17	18	17	17	17	18	18	18
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	66	107	113	86	131	182	125	87	135
Provision for Tax	17	25	28	22	33	46	31	21	34
Profit After Tax	49	82	84	64	98	137	94	66	102
Adjustments	0	-0	0	0	0	-0	0	0	0
Profit After Adjustments	49	82	84	64	98	137	94	66	102
Adjusted Earnings Per Share	5.1	8.5	8.8	6.6	8	11.1	7.6	5.4	8.2

Archean Chem Inds Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023	TTM
Net Sales	341	288	439	566	608	1130	1441	1428
Other Income	1	4	6	7	9	12	43	39
Total Income	342	292	445	573	617	1143	1484	1469
Total Expenditure	235	218	356	493	460	663	807	858
Operating Profit	107	74	89	80	157	480	677	611
Interest	106	106	102	118	122	162	97	10
Depreciation	72	81	73	49	52	67	69	71
Exceptional Income / Expenses	0	0	0	114	0	0	0	0
Profit Before Tax	-72	-113	-85	27	-17	251	512	529
Provision for Tax	14	-40	-6	-13	20	63	129	132
Profit After Tax	-87	-74	-79	40	-36	188	383	399
Adjustments	0	0	0	0	0	0	0	0
Profit After Adjustments	-87	-74	-79	40	-36	188	383	399
Adjusted Earnings Per Share	-17.3	-14.7	-15.8	4.1	-3.8	19.5	31.1	32.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	37%	38%	0%
Operating Profit CAGR	41%	104%	56%	0%
PAT CAGR	104%	112%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	14%	NA%	NA%	NA%
ROE Average	45%	12%	-138%	-123%
ROCE Average	48%	34%	24%	18%

Archean Chem Inds Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023
Shareholder's Funds	114	40	-28	42	6	262	1431
Minority's Interest	0	0	0	0	0	0	0
Borrowings	589	817	792	741	848	843	1
Other Non-Current Liabilities	81	33	5	243	244	251	151
Total Current Liabilities	553	347	410	143	254	176	193
Total Liabilities	1337	1237	1178	1170	1352	1531	1776
Fixed Assets	1013	994	940	936	916	1086	1110
Other Non-Current Assets	73	17	77	45	174	46	68
Total Current Assets	251	226	161	189	262	399	598
Total Assets	1337	1237	1178	1170	1352	1531	1776

Archean Chem Inds Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	70	69	61	12	47	32	12
Cash Flow from Operating Activities	271	-77	39	316	148	315	496
Cash Flow from Investing Activities	-55	4	-6	-25	-197	-110	-290
Cash Flow from Financing Activities	-218	65	-87	-256	26	-224	-212
Net Cash Inflow / Outflow	-1	-8	-54	35	-23	-19	-6
Closing Cash & Cash Equivalent	69	61	13	47	24	12	6

Archean Chem Inds Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-17.33	-14.72	-15.84	4.15	-3.76	19.55	31.11
CEPS(Rs)	-2.85	1.55	-1.29	9.27	1.61	26.48	36.67
DPS(Rs)	0	0	0	0	0	0	2.5
Book NAV/Share(Rs)	22.81	8.09	-5.63	4.4	0.62	27.23	115.68
Core EBITDA Margin(%)	30.24	23.46	18.74	12.85	24.33	41.33	44
EBIT Margin(%)	9.81	-2.54	3.64	25.64	17.27	36.51	42.24
Pre Tax Margin(%)	-20.73	-38.22	-19.34	4.84	-2.75	22.2	35.51
PAT Margin (%)	-24.89	-24.85	-17.93	7.07	-5.96	16.65	26.55
Cash Profit Margin (%)	-4.09	2.61	-1.46	15.79	2.55	22.56	31.31
ROA(%)	-6.48	-5.72	-6.56	3.4	-2.87	13.06	23.13
ROE(%)	-75.95	-95.29	-1287.76	562.49	-149.92	140.32	45.39
ROCE(%)	3.1	-0.71	1.65	16.7	12.66	41.89	47.56
Receivable days	44.23	42.37	21.92	30.17	33.45	31.87	34.28
Inventory Days	118.68	147.92	98.94	56.57	48.48	35.45	36.54
Payable days	-2222.99	1245.36	934.63	467.53	0	1296.82	0
PER(x)	0	0	0	0	0	0	20.91
Price/Book(x)	0	0	0	0	0	0	5.63
Dividend Yield(%)	0	0	0	0	0	0	0.38
EV/Net Sales(x)	2.73	3.2	2.2	1.28	1.4	0.71	5.55
EV/Core EBITDA(x)	8.73	12.47	10.87	9.06	5.43	1.68	11.81
Net Sales Growth(%)	0	-15.53	52.56	28.87	7.54	85.88	27.48
EBIT Growth(%)	0	-122.02	314.12	800.71	-27.56	292.84	47.48
PAT Growth(%)	0	15.02	-7.59	150.46	-190.65	619.41	103.26
EPS Growth(%)	0	15.02	-7.59	126.19	-190.65	619.69	59.16
Debt/Equity(x)	8.67	24.02	-34.39	17.8	143.6	3.22	0.02
Current Ratio(x)	0.45	0.65	0.39	1.32	1.03	2.27	3.09
Quick Ratio(x)	0.25	0.29	0.12	0.88	0.64	1.58	2.23
Interest Cover(x)	0.32	-0.07	0.16	1.23	0.86	2.55	6.28
Total Debt/Mcap(x)	0	0	0	0	0	0	0

Archean Chem Inds Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	53.6	53.6	53.6	53.6	53.45	53.45
FII	6.03	5.47	4.06	2.92	4.15	5.86
DII	29.79	30.26	30.78	30.39	28.69	27.14
Public	10.57	10.67	11.55	13.09	13.71	13.54
Others	0	0	0	0	0	0
Total	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	6.6	6.6	6.6	6.6	6.6	6.6
FII	0.74	0.67	0.5	0.36	0.51	0.72
DII	3.67	3.72	3.79	3.74	3.54	3.35
Public	1.3	1.31	1.42	1.61	1.69	1.67
Others	0	0	0	0	0	0
Total	12.31	12.31	12.31	12.31	12.34	12.34

Pros

Debtor days have improved from 1296.82 to 0days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.
Stock is trading at 4.6 times its book value.

* 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.