Andhra Petrochemicals Ltd - Stock Valuation and Financial Performance

BSE: 500012 | NSE: ANDHRAPET | Chemicals | Small Cap

Andhra Petrochem Share Price

77.30 -1.21 -1.54%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Andhra Petrochem

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Andhra Petrochemicals stock performance -

mw4me loader
P/E Ratio (SA):
9.95
Market Cap:
656.8 Cr.
52-wk low:
70.2
52-wk high:
126.9

Is Andhra Petrochemicals Ltd an attractive stock to invest in?

1. Is Andhra Petrochemicals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Andhra Petrochemicals Ltd is a average quality company.

2. Is Andhra Petrochemicals Ltd undervalued or overvalued?

The key valuation ratios of Andhra Petrochemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Andhra Petrochemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Andhra Petrochemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Andhra Petrochem:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Andhra Petrochemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -16.5%-6%2.2%26.1%43%9.8%47.6%76%7.4%17.7%-
Value Creation
Index
-2.2-1.4-0.90.92.1-0.32.44.4-0.50.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 140334329518666456566965683789651
Sales YoY Gr.-138.2%-1.6%57.6%28.5%-31.5%24.2%70.5%-29.3%15.5%-
Adj EPS -5.2-3.4-0.85.58.11.6926.62.47.57.8
YoY Gr.-NANANA48.3%-80%452.2%195.9%-91.1%213.5%-
BVPS (₹) 16.913.813.418.626.726.335.759.359.565.464.8
Adj Net
Profit
-44.5-28.6-6.646.669.213.976.522620.263.466
Cash Flow from Ops. -32.3-3.9-14.360.478.740.712517715.8103-
Debt/CF from Ops. -2.4-23.7-7.81.20.20.200.10.50-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 21.2%3.4%11.7%15.5%
Adj EPS NA-1.7%-6.1%213.5%
BVPS16.2%19.7%22.3%10%
Share Price 20% 20.8% -14.9% -3.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-26.7-21.9-5.734.4366.22956.1411.911.9
Op. Profit
Mgn %
-21.4-3.43.912.816.37.124.2325.110.713.1
Net Profit
Mgn %
-31.7-8.6-2910.43.113.523.43810.1
Debt to
Equity
0.50.810.50.1000000
Working Cap
Days
127395344334733285145135
Cash Conv.
Cycle
47183532253214123122127

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.69%

Return on Equity has declined versus last 3 years average to 11.90%

Net Profit has been subdued in last 3 years -6.06%

Sales growth is not so good in last 4 quarters at -6.68%

Latest Financials - Andhra Petrochemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 7.8 -
TTM Sales (₹ Cr.) 651 -
BVPS (₹.) 64.8 -
Reserves (₹ Cr.) 483 -
P/BV 1.19 -
PE 9.95 -
From the Market
52 Week Low / High (₹) 70.15 / 126.90
All Time Low / High (₹) 1.50 / 197.40
Market Cap (₹ Cr.) 657
Equity (₹ Cr.) 85
Face Value (₹) 10
Industry PE 57.2

Management X-Ray of Andhra Petrochem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Andhra Petrochem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales140334329518666456566965683789
Operating Expenses 170345316452557423429656648705
Manufacturing Costs29534759686153738582
Material Costs123274249369464334350550529588
Employee Cost 14151718192121262627
Other Costs 4446775797
Operating Profit -30-111366109321373093584
Operating Profit Margin (%) -21.4%-3.4%3.9%12.8%16.3%7.1%24.2%32.0%5.1%10.7%
Other Income 1122334151925
Interest 10131612629999
Depreciation 91099101314141515
Exceptional Items 07-10000000
Profit Before Tax -47-26-114795211183012986
Tax -3-3-412584174923
Profit After Tax -45-24-7477014762272063
PAT Margin (%) -31.7%-7.1%-2.2%9.0%10.5%3.0%13.5%23.5%3.0%8.0%
Adjusted EPS (₹)-5.2-2.8-0.95.58.21.69.026.72.47.5
Dividend Payout Ratio (%)0%0%0%0%18%0%17%11%62%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 144117113158226223304504505556
Share Capital 85858585858585858585
Reserves 59322973142139219419420471
Minority Interest0000000000
Debt74798728610882
Long Term Debt41717414600000
Short Term Debt3281214110882
Trade Payables94565917756
Others Liabilities 3943595523104126124118133
Total Liabilities 265243264246261337446642636696

Fixed Assets

Gross Block467469469470472556554552559562
Accumulated Depreciation267276285289299308319329338352
Net Fixed Assets200192184181172247235224221209
CWIP 0001000701
Investments 15148521321501184564
Inventories25213516193533596639
Trade Receivables1422343664313
Cash Equivalents 31123410193277317
Others Assets2011156101314392763
Total Assets 265243264246261337446642636696

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -32-4-1460794112517716103
PBT -47-33-114795211183012986
Adjustment 1822232114131997-1
Changes in Working Capital 71-272-10137-57-841
Tax Paid 001-10-20-6-19-76-13-23
Cash Flow From Investing Activity 1-112-8-15-15-112-1672-72
Capex 0-20-10-1-5-1-3-14-4
Net Investments 00100-15-11-112-164-3-88
Others 112210101919
Cash Flow From Financing Activity 34122-52-63-25-7-17-21-26
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0-13-16-12-6-10000
Dividend Paid 00000-130-25-13-13
Others 342518-40-57-11-68-8-13
Net Cash Flow 2701116-7-35
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-26.68-18.16-6.3834.336.366.1729.0156.174.0511.95
ROCE (%)-16.45-62.1526.142.999.7847.6475.957.417.69
Asset Turnover Ratio0.571.481.462.092.631.531.471.791.081.2
PAT to CFO Conversion(x)N/AN/AN/A1.281.132.931.640.780.81.63
Working Capital Days
Receivable Days22131919173111
Inventory Days75232818102222173324
Payable Days438654814843

Andhra Petrochemicals Ltd Stock News

Andhra Petrochemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Andhra Petrochem on 20-Dec-2024 16:59 is ₹77.30.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Andhra Petrochem stood at ₹656.8.
The latest P/E ratio of Andhra Petrochem as of 20-Dec-2024 16:59 is 9.95.
The latest P/B ratio of Andhra Petrochem as of 20-Dec-2024 16:59 is 1.19.
The 52-week high of Andhra Petrochem is ₹126.9 and the 52-week low is ₹70.15.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Andhra Petrochem is ₹651.3 ( Cr.) .

About Andhra Petrochemicals Ltd

 Andhra Petrochemicals (APL) was promoted by the Andhra Pradesh Industrial Development Corporation (APIDC) and The Andhra Sugars Ltd (ASL) on April .18, 1984 as a joint sector company. The company commenced commercial production in February 1994. The registered office of the company is situated at Tanuku, Andhra Pradesh. The company's principal activity is manufacture and sale of oxo alcohols. The oxo alcohol products are ethyl hexanol, normal butanol and iso butanol. APL was established with a license capacity to produce 30,000 MTPA of Ox alcohols at Visakhapatnam, Andhra Pradesh. The plant has demonstrated consistent production at 42,000 MTPA.

Products offered:

  • 2-EH Products Spec (%WT):-

2-Ethyl Hexanol finds its applications in Plasticizers, Stabilizers, Solvents, Acrylates, Finishing compounds for ink. 2-Ethyl Hexanol is a vital raw material for Plasticizers which in turn are a critical input for the rapidly growing PVC industry like cables, footwear, sheets, films, etc. It is also used in the production of 2-Ethyl Hexyl Acrylate, which finds its application in emulsion paints, adhesives, surface coating, paper and textile processing.

The other applications of 2-EH relate to nitrate esters, lube and fuel additives, surfactants, mining, stabilizers, solvent extractions, oil floatations, agricultural chemicals, engine machinery lubrication etc.

  • N-Butanol  Products  Spec (%WT)

 N-Butanol finds its application in the manufacture of Solvents, Adhesives, Detergents, Plasticizers, Acrylates.

  • I-Butanol Products Spec(%WT)

I-Butanol finds its application in the manufacture of Plasticizers, Amino Resin, Isobutyl Acetate, Solvents. Apart from these, N-Butanol are used in rubber chemicals, printing inks, resins, pharmaceuticals, urethane catalysts, dyes, varnishes, adhesives, nitro cellulose lacquers, pesticides etc.

Following are the facilities offered by the company:

  • Storage for raw-material and products
  • Steam generation
  • Diesel power generation
  • Sea water cooling tower
  • Raw water storage
  • APGPCL power (share)
  • Fire and foam tender
  • Green belt.

In October, 2007, an expansion and modernization program has been initiated by the company to increase the production capacity to 73,000 MTPA with the signing of a technology license and engineering supply agreements with Davy Process Technology, London (Davy). The enhanced capacity of the company is expected to be operational in the second half of 2009-2010. An uninterrupted power supply system of 2,400 KVA has been installed by the company to lower power costs.

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