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Last Updated on: 18 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 506248 | NSE: AMNPLST

Amines & Plasticizers Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 6:26 pm

Market Cap 1,561 Cr.
Current Price 284
High / Low360/146
Stock P/E37.8
Book Value 42.9
Dividend Yield0.18 %
ROCE23.3 %
ROE19.8 %
Face Value 2.00
PEG Ratio8.44

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Amines & Plasticizers Ltd

Competitors of Amines & Plasticizers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Andhra Petrochemicals Ltd 640 Cr. 75.4127/72.19.70 64.82.65 %15.4 %11.9 % 10.0
Amines & Plasticizers Ltd 1,561 Cr. 284360/14637.8 42.90.18 %23.3 %19.8 % 2.00
Industry Average1,100.50 Cr179.7023.7553.851.42%19.35%15.85%6.00

All Competitor Stocks of Amines & Plasticizers Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales134.59133.17142.66152.76138.40131.39160.63166.88137.00157.40175.27177.34137.48
Expenses122.48122.26135.27143.00127.55122.86151.42153.01122.86141.48158.25155.30122.68
Operating Profit12.1110.917.399.7610.858.539.2113.8714.1415.9217.0222.0414.80
OPM %9.00%8.19%5.18%6.39%7.84%6.49%5.73%8.31%10.32%10.11%9.71%12.43%10.77%
Other Income1.291.561.261.090.560.170.901.040.491.100.980.130.38
Interest1.932.162.362.352.592.552.452.512.923.523.333.322.29
Depreciation1.051.041.201.101.211.211.211.211.221.271.281.361.35
Profit before tax10.429.275.097.407.614.946.4511.1910.4912.2313.3917.4911.54
Tax %25.24%25.57%29.08%24.73%25.36%26.72%23.72%23.59%24.59%25.59%26.21%25.96%25.04%
Net Profit7.796.903.605.565.693.614.928.557.929.099.8812.948.66
EPS in Rs1.421.250.651.011.030.660.891.551.441.651.802.351.57

Last Updated: October 7, 2024, 8:41 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales192244302262295326455399442563597647647
Expenses179227279239267298421357389523555578578
Operating Profit13172323282834425340426970
OPM %7%7%8%9%10%9%7%10%12%7%7%11%11%
Other Income00-00143155333
Interest9101086789109101312
Depreciation2222233344555
Profit before tax251014212326304432305455
Tax %49%39%38%34%30%36%36%19%26%26%24%26%
Net Profit1369151516253324234041
EPS in Rs0.230.601.141.642.692.682.994.475.924.344.167.247.37
Dividend Payout %22%17%9%24%11%11%10%7%0%9%12%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)200.00%100.00%50.00%66.67%0.00%6.67%56.25%32.00%-27.27%-4.17%73.91%
Change in YoY Net Profit Growth (%)0.00%-100.00%-50.00%16.67%-66.67%6.67%49.58%-24.25%-59.27%23.11%78.08%

Amines & Plasticizers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:7%
3 Years:14%
TTM:6%
Compounded Profit Growth
10 Years:28%
5 Years:19%
3 Years:7%
TTM:35%
Stock Price CAGR
10 Years:44%
5 Years:54%
3 Years:34%
1 Year:81%
Return on Equity
10 Years:21%
5 Years:20%
3 Years:16%
Last Year:20%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital666111111111111111111
Reserves2022283044577197130151172209
Borrowings565462595954795874728585
Other Liabilities526243404768916591767784
Total Liabilities133144138140161190252232305310344389
Fixed Assets303536353640437573848080
CWIP6788101123311353
Investments110000000011
Other Assets951019597115139186154221223258305
Total Assets133144138140161190252232305310344389

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +7207141022103144-27547
Cash from Investing Activity +-4-7-3-1-5-4-16-17-6-4-2-1
Cash from Financing Activity +-2-12-3-13-5-1412-226-130-16
Net Cash Flow-010-1046-844-43330

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-43.00-37.00-39.00-36.00-31.00-26.00-45.00-16.00-21.00-32.00-43.00-16.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days676249545549626373667455
Inventory Days977862647698658473816674
Days Payable110100576172928376100565455
Cash Conversion Cycle553954576055437147918675
Working Capital Days71495772776759757095109106
ROCE %15%19%23%22%26%25%24%26%28%18%16%23%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.17%73.17%
Public26.83%26.83%26.83%26.84%26.84%26.82%26.83%26.82%26.83%26.83%26.82%26.83%
No. of Shareholders10,45810,96110,99710,54310,28110,2009,8568,8458,3708,3489,1949,944

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)7.244.164.345.924.47
Diluted EPS (Rs.)7.244.164.345.924.47
Cash EPS (Rs.)8.175.045.136.675.01
Book Value[Excl.RevalReserv]/Share (Rs.)40.0033.2029.4925.5819.65
Book Value[Incl.RevalReserv]/Share (Rs.)40.0033.2029.4925.5819.65
Revenue From Operations / Share (Rs.)117.60108.56102.3680.3272.55
PBDIT / Share (Rs.)13.058.228.2510.488.31
PBIT / Share (Rs.)12.127.347.459.737.77
PBT / Share (Rs.)9.745.505.857.995.52
Net Profit / Share (Rs.)7.244.164.345.924.47
NP After MI And SOA / Share (Rs.)7.244.164.345.924.47
PBDIT Margin (%)11.107.578.0513.0411.45
PBIT Margin (%)10.306.767.2712.1110.71
PBT Margin (%)8.285.075.719.947.61
Net Profit Margin (%)6.153.824.237.376.16
NP After MI And SOA Margin (%)6.153.824.237.376.16
Return on Networth / Equity (%)18.0912.5214.7023.1522.75
Return on Capital Employeed (%)26.6018.9321.0030.6429.90
Return On Assets (%)10.226.647.6910.6810.62
Long Term Debt / Equity (X)0.090.120.150.190.26
Total Debt / Equity (X)0.380.460.440.500.50
Asset Turnover Ratio (%)1.761.831.831.651.65
Current Ratio (X)2.181.961.911.671.68
Quick Ratio (X)1.541.381.161.251.01
Inventory Turnover Ratio (X)4.874.905.924.814.60
Dividend Payout Ratio (NP) (%)0.009.620.000.0013.41
Dividend Payout Ratio (CP) (%)0.007.940.000.0011.97
Earning Retention Ratio (%)0.0090.380.000.0086.59
Cash Earning Retention Ratio (%)0.0092.060.000.0088.03
Interest Coverage Ratio (X)5.494.475.156.004.88
Interest Coverage Ratio (Post Tax) (X)4.043.263.714.393.95
Enterprise Value (Cr.)954.77460.41667.54442.76160.90
EV / Net Operating Revenue (X)1.480.771.191.000.40
EV / EBITDA (X)13.2910.1814.717.683.52
MarketCap / Net Operating Revenue (X)1.410.641.070.950.27
Retention Ratios (%)0.0090.370.000.0086.58
Price / BV (X)4.132.113.702.991.02
Price / Net Operating Revenue (X)1.410.641.070.950.27
EarningsYield0.040.050.030.070.22

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Amines & Plasticizers Ltd as of November 18, 2024 is: 321.66

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 18, 2024, Amines & Plasticizers Ltd is Undervalued by 13.26% compared to the current share price 284.00

Intrinsic Value of Amines & Plasticizers Ltd as of November 18, 2024 is: 336.07

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 18, 2024, Amines & Plasticizers Ltd is Undervalued by 18.33% compared to the current share price 284.00

Last 5 Year EPS CAGR: 4.48%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 22.08%, which is a positive sign.
  2. The company has higher reserves (85.92 cr) compared to borrowings (66.42 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (413.15 cr) and profit (26.62 cr) over the years.
  1. The stock has a high average Working Capital Days of 75.58, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 61.08, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Amines & Plasticizers Ltd:
    1. Net Profit Margin: 6.15%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 26.6% (Industry Average ROCE: 19.35%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.09% (Industry Average ROE: 15.85%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.04
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.54
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 37.8 (Industry average Stock P/E: 23.75)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.38
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Amines & Plasticizers Ltd. is a Public Limited Listed company incorporated on 05/09/1973 and has its registered office in the State of Assam, India. Company’s Corporate Identification Number(CIN) is L24229AS1973PLC001446 and registration number is 001446. Currently Company is involved in the business activities of Manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company’s Total Operating Revenue is Rs. 562.89 Cr. and Equity Capital is Rs. 11.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - PlasticizersT-11, 3rd Floor, Grand Plaza, Guwahati Assam 781008legal@amines.com
http://www.amines.com
Management
NamePosition Held
Mr. Hemant Kumar RuiaChairman & Managing Director
Mr. Yashvardhan RuiaExecutive Director
Dr. P H VaidyaDirector
Mr. A S NagarDirector
Mr. B M JindelDirector
Ms. Nimisha DutiaDirector

FAQ

What is the latest intrinsic value of Amines & Plasticizers Ltd?

The latest intrinsic value of Amines & Plasticizers Ltd as on 17 November 2024 is ₹321.66, which is 13.26% higher than the current market price of ₹284.00.

What is the Market Cap of Amines & Plasticizers Ltd?

The Market Cap of Amines & Plasticizers Ltd is 1,561 Cr..

What is the current Stock Price of Amines & Plasticizers Ltd as on 17 November 2024?

The current stock price of Amines & Plasticizers Ltd as on 17 November 2024 is ₹284.

What is the High / Low of Amines & Plasticizers Ltd stocks in FY 2024?

In FY 2024, the High / Low of Amines & Plasticizers Ltd stocks is 360/146.

What is the Stock P/E of Amines & Plasticizers Ltd?

The Stock P/E of Amines & Plasticizers Ltd is 37.8.

What is the Book Value of Amines & Plasticizers Ltd?

The Book Value of Amines & Plasticizers Ltd is 42.9.

What is the Dividend Yield of Amines & Plasticizers Ltd?

The Dividend Yield of Amines & Plasticizers Ltd is 0.18 %.

What is the ROCE of Amines & Plasticizers Ltd?

The ROCE of Amines & Plasticizers Ltd is 23.3 %.

What is the ROE of Amines & Plasticizers Ltd?

The ROE of Amines & Plasticizers Ltd is 19.8 %.

What is the Face Value of Amines & Plasticizers Ltd?

The Face Value of Amines & Plasticizers Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Amines & Plasticizers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE