Amines & Plasticizers Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:28 am

Market Cap	1,421 Cr.
Current Price	258
High / Low	360/146
Stock P/E	34.4
Book Value	42.9
Dividend Yield	0.19 %
ROCE	23.3 %
ROE	19.8 %
Face Value	2.00
PEG Ratio	7.68

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

Stock P/E Current Price Intrinsic Value

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Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Andhra Petrochemicals Ltd	657 Cr.	77.3	127/70.2	9.95	64.8	2.59 %	15.4 %	11.9 %	10.0
Amines & Plasticizers Ltd	1,421 Cr.	258	360/146	34.4	42.9	0.19 %	23.3 %	19.8 %	2.00
Industry Average	1,039.00 Cr	167.65		22.18	53.85	1.39%	19.35%	15.85%	6.00

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	134.59	133.17	142.66	152.76	138.40	131.39	160.63	166.88	137.00	157.40	175.27	177.34	137.48
Expenses	122.48	122.26	135.27	143.00	127.55	122.86	151.42	153.01	122.86	141.48	158.25	155.30	122.68
Operating Profit	12.11	10.91	7.39	9.76	10.85	8.53	9.21	13.87	14.14	15.92	17.02	22.04	14.80
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 Income	1.29	1.56	1.26	1.09	0.56	0.17	0.90	1.04	0.49	1.10	0.98	0.13	0.38
Interest	1.93	2.16	2.36	2.35	2.59	2.55	2.45	2.51	2.92	3.52	3.33	3.32	2.29
Depreciation	1.05	1.04	1.20	1.10	1.21	1.21	1.21	1.21	1.22	1.27	1.28	1.36	1.35
Profit before tax	10.42	9.27	5.09	7.40	7.61	4.94	6.45	11.19	10.49	12.23	13.39	17.49	11.54
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 Profit	7.79	6.90	3.60	5.56	5.69	3.61	4.92	8.55	7.92	9.09	9.88	12.94	8.66
EPS in Rs	1.42	1.25	0.65	1.01	1.03	0.66	0.89	1.55	1.44	1.65	1.80	2.35	1.57

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	192	244	302	262	295	326	455	399	442	563	597	647	647
Expenses	179	227	279	239	267	298	421	357	389	523	555	578	578
Operating Profit	13	17	23	23	28	28	34	42	53	40	42	69	70
OPM %	7%	7%	8%	9%	10%	9%	7%	10%	12%	7%	7%	11%	11%
Other Income	0	0	-0	0	1	4	3	1	5	5	3	3	3
Interest	9	10	10	8	6	7	8	9	10	9	10	13	12
Depreciation	2	2	2	2	2	3	3	3	4	4	5	5	5
Profit before tax	2	5	10	14	21	23	26	30	44	32	30	54	55
Tax %	49%	39%	38%	34%	30%	36%	36%	19%	26%	26%	24%	26%
Net Profit	1	3	6	9	15	15	16	25	33	24	23	40	41
EPS in Rs	0.23	0.60	1.14	1.64	2.69	2.68	2.99	4.47	5.92	4.34	4.16	7.24	7.37
Dividend Payout %	22%	17%	9%	24%	11%	11%	10%	7%	0%	9%	12%	7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
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%

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:	38%
5 Years:	54%
3 Years:	31%
1 Year:	63%

Return on Equity
10 Years:	21%
5 Years:	20%
3 Years:	16%
Last Year:	20%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:17 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	6	6	6	11	11	11	11	11	11	11	11	11	11
Reserves	20	22	28	30	44	57	71	97	130	151	172	209	225
Borrowings	56	54	62	59	59	54	79	58	74	72	85	85	80
Other Liabilities	52	62	43	40	47	68	91	65	91	76	77	84	104
Total Liabilities	133	144	138	140	161	190	252	232	305	310	344	389	420
Fixed Assets	30	35	36	35	36	40	43	75	73	84	80	80	81
CWIP	6	7	8	8	10	11	23	3	11	3	5	3	2
Investments	1	1	0	0	0	0	0	0	0	0	1	1	1
Other Assets	95	101	95	97	115	139	186	154	221	223	258	305	336
Total Assets	133	144	138	140	161	190	252	232	305	310	344	389	420

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	7	20	7	14	10	22	10	31	44	-27	5	47
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	-14	12	-22	6	-13	0	-16
Net Cash Flow	-0	1	0	-1	0	4	6	-8	44	-43	3	30

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	67	62	49	54	55	49	62	63	73	66	74	55
Inventory Days	97	78	62	64	76	98	65	84	73	81	66	74
Days Payable	110	100	57	61	72	92	83	76	100	56	54	55
Cash Conversion Cycle	55	39	54	57	60	55	43	71	47	91	86	75
Working Capital Days	71	49	57	72	77	67	59	75	70	95	109	106
ROCE %	15%	19%	23%	22%	26%	25%	24%	26%	28%	18%	16%	23%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%
Public	26.83%	26.83%	26.83%	26.84%	26.84%	26.82%	26.83%	26.82%	26.83%	26.83%	26.82%	26.83%
No. of Shareholders	10,458	10,961	10,997	10,543	10,281	10,200	9,856	8,845	8,370	8,348	9,194	9,944

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	7.24	4.16	4.34	5.92	4.47
Diluted EPS (Rs.)	7.24	4.16	4.34	5.92	4.47
Cash EPS (Rs.)	8.17	5.04	5.13	6.67	5.01
Book Value[Excl.RevalReserv]/Share (Rs.)	40.00	33.20	29.49	25.58	19.65
Book Value[Incl.RevalReserv]/Share (Rs.)	40.00	33.20	29.49	25.58	19.65
Revenue From Operations / Share (Rs.)	117.60	108.56	102.36	80.32	72.55
PBDIT / Share (Rs.)	13.05	8.22	8.25	10.48	8.31
PBIT / Share (Rs.)	12.12	7.34	7.45	9.73	7.77
PBT / Share (Rs.)	9.74	5.50	5.85	7.99	5.52
Net Profit / Share (Rs.)	7.24	4.16	4.34	5.92	4.47
NP After MI And SOA / Share (Rs.)	7.24	4.16	4.34	5.92	4.47
PBDIT Margin (%)	11.10	7.57	8.05	13.04	11.45
PBIT Margin (%)	10.30	6.76	7.27	12.11	10.71
PBT Margin (%)	8.28	5.07	5.71	9.94	7.61
Net Profit Margin (%)	6.15	3.82	4.23	7.37	6.16
NP After MI And SOA Margin (%)	6.15	3.82	4.23	7.37	6.16
Return on Networth / Equity (%)	18.09	12.52	14.70	23.15	22.75
Return on Capital Employeed (%)	26.60	18.93	21.00	30.64	29.90
Return On Assets (%)	10.22	6.64	7.69	10.68	10.62
Long Term Debt / Equity (X)	0.09	0.12	0.15	0.19	0.26
Total Debt / Equity (X)	0.38	0.46	0.44	0.50	0.50
Asset Turnover Ratio (%)	1.76	1.83	1.83	1.65	1.65
Current Ratio (X)	2.18	1.96	1.91	1.67	1.68
Quick Ratio (X)	1.54	1.38	1.16	1.25	1.01
Inventory Turnover Ratio (X)	4.87	4.90	5.92	4.81	4.60
Dividend Payout Ratio (NP) (%)	6.90	9.62	0.00	0.00	13.41
Dividend Payout Ratio (CP) (%)	6.11	7.94	0.00	0.00	11.97
Earning Retention Ratio (%)	93.10	90.38	0.00	0.00	86.59
Cash Earning Retention Ratio (%)	93.89	92.06	0.00	0.00	88.03
Interest Coverage Ratio (X)	5.49	4.47	5.15	6.00	4.88
Interest Coverage Ratio (Post Tax) (X)	4.04	3.26	3.71	4.39	3.95
Enterprise Value (Cr.)	954.77	460.41	667.54	442.76	160.90
EV / Net Operating Revenue (X)	1.48	0.77	1.19	1.00	0.40
EV / EBITDA (X)	13.29	10.18	14.71	7.68	3.52
MarketCap / Net Operating Revenue (X)	1.41	0.64	1.07	0.95	0.27
Retention Ratios (%)	93.09	90.37	0.00	0.00	86.58
Price / BV (X)	4.13	2.11	3.70	2.99	1.02
Price / Net Operating Revenue (X)	1.41	0.64	1.07	0.95	0.27
EarningsYield	0.04	0.05	0.03	0.07	0.22

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 292.76

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 December 22, 2024, is Undervalued by 13.47% compared to the current share price 258.00

Intrinsic Value of as of December 22, 2024 is: 305.87

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 December 22, 2024, is Undervalued by 18.55% compared to the current share price 258.00

Last 5 Year EPS CAGR: 4.48%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 22.08%, which is a positive sign. The company has higher reserves (96.62 cr) compared to borrowings (67.46 cr), indicating strong financial stability. The company has shown consistent growth in sales (413.15 cr) and profit (26.62 cr) over the years.	The stock has a high average Working Capital Days of 75.58, which may not be favorable. The stock has a high average Cash Conversion Cycle of 61.08, which may not be favorable.

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 :
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: 34.4 (Industry average Stock P/E: 22.18)
  - 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.

INDUSTRY	ADDRESS	CONTACT
Chemicals - Speciality - Plasticizers	T-11, 3rd Floor, Grand Plaza, Guwahati Assam 781008	legal@amines.com http://www.amines.com

Management
Name	Position Held
Mr. Hemant Kumar Ruia	Chairman & Managing Director
Mr. Yashvardhan Ruia	Executive Director
Dr. P H Vaidya	Director
Mr. A S Nagar	Director
Mr. B M Jindel	Director
Ms. Nimisha Dutia	Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹292.76, which is 13.47% higher than the current market price of ₹258.00. The stock has a market capitalization of 1,421 Cr. and recorded a high/low of 360/146 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹225 Cr and total liabilities of ₹420 Cr.

What is the Market Cap of ?

The Market Cap of is 1,421 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 258.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 360/146.

What is the Stock P/E of ?

The Stock P/E of is 34.4.

What is the Book Value of ?

The Book Value of is 42.9.

What is the Dividend Yield of ?

The Dividend Yield of is 0.19 %.

What is the ROCE of ?

The ROCE of is 23.3 %.

What is the ROE of ?

The ROE of is 19.8 %.

What is the Face Value of ?

The Face Value of is 2.00.