Past 10 year's financial track record analysis by Moneyworks4me indicates that Alufluoride Ltd is a good quality company.
The key valuation ratios of Alufluoride Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Alufluoride Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 22.1% | 18.8% | 21.4% | 32.3% | 30.2% | 31.1% | -0.2% | 10.3% | 25.9% | 28.3% | - |
| Value Creation Index ⓘ | 0.6 | 0.4 | 0.5 | 1.3 | 1.2 | 1.2 | -1.0 | -0.3 | 0.9 | 1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 21.9 | 30.6 | 36.3 | 49.7 | 65.5 | 75.7 | 38.5 | 88 | 136 | 162 | 170 |
| Sales YoY Gr. | - | 39.8% | 18.7% | 36.9% | 31.9% | 15.6% | -49.2% | 128.4% | 54.8% | 19% | - |
| Adj EPS ⓘ | 4.3 | 3.2 | 4.9 | 9.2 | 10.6 | 13 | -0.7 | 4.8 | 17.7 | 22.1 | 24.4 |
| YoY Gr. | - | -25.4% | 55.5% | 87% | 14.9% | 23% | -105.5% | NA | 265.1% | 25.1% | - |
| BVPS (₹) ⓘ | 24.5 | 27.6 | 33.9 | 44.2 | 54.6 | 66.9 | 66.3 | 71.4 | 88.7 | 110.4 | 122.3 |
| Adj Net Profit ⓘ | 3 | 2.2 | 3.5 | 6.5 | 7.4 | 10.2 | -0.6 | 3.8 | 13.8 | 17.3 | 19 |
| Cash Flow from Ops. ⓘ | 1.8 | 1.4 | 4.3 | 7.8 | 7.4 | 19.7 | -2.2 | 3.9 | 22.3 | 35.7 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0.4 | -10.8 | 5.8 | 1 | 0.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 24.9% | 19.8% | 61.4% | 19% | ||||
| Adj EPS ⓘ | 20.1% | 15.9% | NA | 25.1% | ||||
| BVPSⓘ | 18.2% | 15.2% | 18.5% | 24.6% | ||||
| Share Price | 43.2% | 42.3% | 16.3% | -2.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 18.3 | 12.1 | 16 | 22.9 | 20.4 | 22.1 | -1.1 | 7 | 22.1 | 22.2 | 21 |
| Op. Profit Mgn % ⓘ | 10.8 | 10.3 | 7.4 | 18.2 | 14.9 | 21.4 | 4.1 | 15.5 | 19.8 | 19.4 | 19.8 |
| Net Profit Mgn % ⓘ | 13.6 | 7.3 | 9.5 | 13 | 11.3 | 13.5 | -1.5 | 4.3 | 10.2 | 10.7 | 11.2 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.5 | 0.4 | 0.3 | 0.2 | 0.1 |
| Working Cap Days ⓘ | 143 | 130 | 110 | 83 | 77 | 79 | 175 | 110 | 92 | 75 | 55 |
| Cash Conv. Cycle ⓘ | 104 | 98 | 63 | 35 | 32 | 28 | 64 | 57 | 58 | 42 | 35 |
Return on Equity has increased versus last 3 years average to 20.90%
Sales growth is growing at healthy rate in last 3 years 61.41%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 8.59%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 24.4 | 24.5 |
| TTM Sales (₹ Cr.) | 170 | 170 |
| BVPS (₹.) ⓘ | 122.3 | 120.6 |
| Reserves (₹ Cr.) ⓘ | 89 | 87 |
| P/BV ⓘ | 4.15 | 4.20 |
| PE ⓘ | 20.80 | 20.70 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 341.30 / 581.40 |
| All Time Low / High (₹) | 0.25 / 587.00 |
| Market Cap (₹ Cr.) | 397 |
| Equity (₹ Cr.) | 7.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22 | 31 | 36 | 50 | 66 | 76 | 38 | 88 | 136 | 162 |
| Operating Expenses ⓘ | 20 | 27 | 34 | 41 | 56 | 60 | 37 | 74 | 109 | 130 |
| Manufacturing Costs | 12 | 12 | 4 | 4 | 5 | 6 | 5 | 8 | 12 | 14 |
| Material Costs | 5 | 12 | 25 | 31 | 45 | 47 | 25 | 58 | 88 | 105 |
| Employee Cost | 2 | 3 | 3 | 3 | 3 | 5 | 5 | 4 | 5 | 5 |
| Other Costs ⓘ | 1 | 1 | 2 | 2 | 3 | 2 | 2 | 4 | 5 | 7 |
| Operating Profit ⓘ | 2 | 3 | 3 | 9 | 10 | 16 | 2 | 14 | 27 | 31 |
| Operating Profit Margin (%) | 10.8% | 10.1% | 7.4% | 18.2% | 14.9% | 21.4% | 4.1% | 15.5% | 19.8% | 19.4% |
| Other Income ⓘ | 2 | 1 | 2 | 1 | 2 | 1 | 1 | 1 | 3 | 5 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 3 | 3 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 6 | 7 | 9 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 3 | 5 | 9 | 11 | 15 | -1 | 5 | 19 | 25 |
| Tax ⓘ | 1 | 1 | 1 | 3 | 3 | 4 | -1 | 1 | 5 | 6 |
| Profit After Tax | 3 | 2 | 3 | 6 | 8 | 10 | -1 | 4 | 14 | 18 |
| PAT Margin (%) | 13.9% | 7.1% | 9.5% | 13.0% | 12.6% | 13.6% | -1.4% | 4.3% | 10.2% | 11.2% |
| Adjusted EPS (₹) | 4.3 | 3.1 | 4.9 | 9.2 | 11.8 | 13.2 | -0.7 | 4.9 | 17.8 | 23.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 15% | 0% | 21% | 11% | 13% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 17 | 19 | 24 | 31 | 38 | 52 | 52 | 56 | 69 | 86 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 |
| Reserves ⓘ | 10 | 12 | 17 | 24 | 31 | 45 | 44 | 48 | 62 | 79 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 7 | 20 | 16 | 15 | 8 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 3 | 20 | 16 | 15 | 8 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0 |
| Trade Payables | 3 | 2 | 3 | 3 | 4 | 3 | 4 | 6 | 5 | 8 |
| Others Liabilities ⓘ | 3 | 3 | 3 | 6 | 7 | 18 | 19 | 22 | 26 | 26 |
| Total Liabilities ⓘ | 23 | 24 | 30 | 40 | 49 | 80 | 95 | 100 | 115 | 128 |
Fixed Assets | ||||||||||
| Gross Block | 18 | 18 | 19 | 22 | 31 | 41 | 48 | 75 | 90 | 98 |
| Accumulated Depreciation | 15 | 16 | 16 | 17 | 18 | 20 | 21 | 19 | 26 | 35 |
| Net Fixed Assetsⓘ | 3 | 2 | 3 | 5 | 14 | 21 | 26 | 56 | 64 | 63 |
| CWIP ⓘ | 0 | 0 | 0 | 2 | 4 | 34 | 34 | 2 | 2 | 1 |
| Investmentsⓘ | 5 | 6 | 13 | 17 | 13 | 1 | 6 | 9 | 12 | 26 |
| Inventories | 8 | 6 | 5 | 6 | 5 | 6 | 7 | 13 | 16 | 11 |
| Trade Receivables | 1 | 4 | 4 | 4 | 6 | 3 | 5 | 14 | 14 | 13 |
| Cash Equivalents | 3 | 3 | 3 | 4 | 3 | 6 | 9 | 0 | 2 | 7 |
| Others Assetsⓘ | 3 | 3 | 3 | 2 | 5 | 8 | 8 | 7 | 6 | 8 |
| Total Assets ⓘ | 23 | 24 | 30 | 40 | 49 | 80 | 95 | 100 | 115 | 128 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | 1 | 4 | 8 | 7 | 20 | -2 | 4 | 22 | 36 |
| PBT ⓘ | 4 | 3 | 5 | 9 | 11 | 15 | -1 | 5 | 19 | 25 |
| Adjustment ⓘ | 1 | 1 | -1 | 0 | -1 | 2 | 3 | 9 | 10 | 10 |
| Changes in Working Capital ⓘ | -2 | -3 | 2 | 1 | -0 | 7 | -4 | -10 | -2 | 8 |
| Tax Paid ⓘ | 0 | 0 | -1 | -2 | -2 | -4 | -1 | -1 | -5 | -7 |
| Cash Flow From Investing Activity ⓘ | -2 | -1 | -4 | -8 | -8 | -21 | -11 | -8 | -18 | -19 |
| Capex | -1 | 0 | -1 | -3 | -9 | -1 | -7 | -37 | -15 | -8 |
| Net Investments | 0 | -1 | 1 | 0 | 5 | 11 | -5 | -1 | -3 | -10 |
| Others ⓘ | -1 | 0 | -5 | -5 | -4 | -30 | 1 | 30 | 0 | -1 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 2 | 0 | 6 | 16 | -5 | -3 | -12 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -3 | -3 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -2 | 0 | 0 | -1 | -2 |
| Others ⓘ | 0 | 0 | 0 | 2 | 0 | 3 | 17 | -2 | 1 | -7 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 1 | -1 | 5 | 2 | -8 | 2 | 5 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 18.67 | 11.86 | 16.03 | 23.65 | 23.91 | 22.83 | -1.06 | 7.08 | 22.18 | 23.3 |
| ROCE (%) | 22.05 | 18.84 | 21.4 | 32.34 | 30.2 | 31.08 | -0.21 | 10.28 | 25.9 | 28.31 |
| Asset Turnover Ratio | 1.15 | 1.45 | 1.49 | 1.46 | 1.47 | 1.18 | 0.44 | 0.9 | 1.26 | 1.33 |
| PAT to CFO Conversion(x) | 0.67 | 0.5 | 1.33 | 1.33 | 0.88 | 2 | N/A | 1 | 1.57 | 2 | Working Capital Days |
| Receivable Days | 30 | 27 | 34 | 28 | 27 | 22 | 39 | 39 | 37 | 30 |
| Inventory Days | 74 | 71 | 49 | 38 | 29 | 26 | 63 | 41 | 39 | 30 |
| Payable Days | 0 | 0 | 50 | 40 | 29 | 27 | 53 | 33 | 24 | 23 |
Alufluoride started a project in 1993 for producing Aluminium Fluoride. The project was completed in record time at a cost of Rs 20 crore. Trial runs commenced in November 1994 and production of high quality commenced during December 1994. Supplies started immediately thereafter to primary aluminium smelters. The company increased production year after year at high quality standards. The company has an installed annual production capacity of 6000 tons of Aluminium Fluoride and plans to expand further. Alufluoride is the only company in Andhra Pradesh, producing Aluminium Fluoride (ALF3) with the modern Fluosilicic Acid technology developed by Alusuisse, Switzerland.
The company has a long-term contract for supply of Acid with their adjacent Fertilizer Complex, which produces phosphoric acid. During the Phosphoric Acid production, effluent fluorine gases evolve and they are scrubbed with water to generate Hydrofluosilicic acid. AL takes this acid and reacts it with Aluminium Hydroxide, to produce AlF3, thus producing wealth from waste. This technology is considered an import substitution as this does not require imported raw materials and provides high purity aluminium fluoride. In advanced countries, this technology is well encouraged, as this helps in conserving critical natural resources like fluorspar and sulphur, which are used in the Hydrofluoric acid route technology.
The company has been honored with the 'Best Efforts in Environmental Improvement' award among Industries in the State, from the Federation of Andhra Pradesh Chamber of Commerce and Industry for 1994-95 and also bagged 'Certificate of Merit for Exports' from Chemexcil for the year 2000-01.
It enjoys an excellent reputation among its clients and is unable to meet the demand for AlF3, as it maintains global quality standards at all times. If there were additional raw material supplies, AL would be able to significantly enjoy an even larger market presence. AL continues to tirelessly explore new sources towards this end.
The company makes continuous efforts to conserve energy at various levels of operations, to save power, fuel oil and cost. These efforts have resulted in significant reduction in energy consumption. Power and Furnace oil consumption have reduced from 466 KWH and 354 Kilos per ton of AlF3 in 2007 to 443 and 330 this year, a reduction of 5% and 7% respectively.
Recognizing the export performance of the company, the 'Outstanding Export Performance Silver Rolling Trophy - Instituted by Surana Group of Industries, Secunderabad' for the year 2006-2007, has been awarded to the company.
Awards and Recognitions
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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