Past 10 year's financial track record analysis by Moneyworks4me indicates that Indo Amines Ltd is a average quality company.
The key valuation ratios of Indo Amines Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indo Amines Ltd is likely to Rise-somewhat 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 % ⓘ | 13.3% | 18.8% | 24.1% | 21.2% | 22.3% | 11.2% | 17.7% | 13.9% | 16.7% | 17.7% | - |
| Value Creation Index ⓘ | -0.1 | 0.3 | 0.7 | 0.5 | 0.6 | -0.2 | 0.3 | 0.0 | 0.2 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 215 | 243 | 278 | 347 | 527 | 472 | 539 | 780 | 922 | 925 | 978 |
| Sales YoY Gr. | - | 12.7% | 14.6% | 24.8% | 51.8% | -10.4% | 14.2% | 44.7% | 18.2% | 0.3% | - |
| Adj EPS ⓘ | 0.7 | 1.3 | 2.2 | 1.8 | 3 | 1.5 | 4.1 | 3.1 | 5.5 | 5.2 | 7.3 |
| YoY Gr. | - | 85.7% | 65.4% | -14.4% | 64.7% | -51.5% | 181% | -24% | 75.2% | -4.9% | - |
| BVPS (₹) ⓘ | 6.7 | 7.4 | 10 | 11.4 | 17.2 | 18.5 | 22.5 | 25.7 | 30.5 | 36.3 | 39.6 |
| Adj Net Profit ⓘ | 4.6 | 8.6 | 14.4 | 12.3 | 21.4 | 10.4 | 29.2 | 22.2 | 38.9 | 37 | 53 |
| Cash Flow from Ops. ⓘ | 22.1 | 19.2 | 12.7 | 10.5 | 18.6 | 37.5 | 53.3 | -7.4 | 19.2 | 68.9 | - |
| Debt/CF from Ops. ⓘ | 2.2 | 2.5 | 4.8 | 8.3 | 7 | 3.8 | 3 | -27.8 | 12 | 3.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17.6% | 11.9% | 19.7% | 0.3% | ||||
| Adj EPS ⓘ | 25% | 11.5% | 8.2% | -4.9% | ||||
| BVPSⓘ | 20.7% | 16.1% | 17.2% | 18.7% | ||||
| Share Price | 30.1% | 44.8% | 12.5% | 35.5% | ||||
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 % ⓘ | 10.9 | 18.5 | 24.9 | 17 | 21.4 | 8.2 | 19.9 | 12.9 | 19.4 | 15.6 | 19.1 |
| Op. Profit Mgn % ⓘ | 9.6 | 11.7 | 12.2 | 11 | 10.2 | 9 | 10.4 | 6.7 | 9.2 | 8.7 | 9.1 |
| Net Profit Mgn % ⓘ | 2.1 | 3.5 | 5.2 | 3.5 | 4.1 | 2.2 | 5.4 | 2.9 | 4.2 | 4 | 5.4 |
| Debt to Equity ⓘ | 1.1 | 1 | 0.9 | 1.1 | 1.1 | 1.1 | 1 | 1.1 | 1.1 | 0.8 | 0.2 |
| Working Cap Days ⓘ | 146 | 130 | 138 | 138 | 112 | 140 | 147 | 108 | 107 | 113 | 73 |
| Cash Conv. Cycle ⓘ | 43 | 41 | 45 | 43 | 39 | 56 | 58 | 40 | 45 | 51 | 16 |
Return on Equity has increased versus last 3 years average to 19.10%
Sales growth is growing at healthy rate in last 3 years 19.71%
Debt to equity has declined versus last 3 years average to 0.83
Net Profit has been subdued in last 3 years 8.19%
Sales growth is not so good in last 4 quarters at 7.63%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.3 | 7.1 |
| TTM Sales (₹ Cr.) | 978 | 981 |
| BVPS (₹.) ⓘ | 39.6 | 40.5 |
| Reserves (₹ Cr.) ⓘ | 251 | 257 |
| P/BV ⓘ | 4.32 | 4.23 |
| PE ⓘ | 23.62 | 23.99 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 107.00 / 247.90 |
| All Time Low / High (₹) | 0.08 / 247.90 |
| Market Cap (₹ Cr.) | 1,243 |
| Equity (₹ Cr.) | 36.3 |
| Face Value (₹) | 5 |
| 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 | 215 | 243 | 278 | 347 | 527 | 472 | 539 | 780 | 922 | 925 |
| Operating Expenses ⓘ | 195 | 214 | 244 | 309 | 473 | 430 | 483 | 728 | 839 | 844 |
| Manufacturing Costs | 36 | 41 | 34 | 53 | 74 | 76 | 81 | 109 | 104 | 112 |
| Material Costs | 132 | 142 | 179 | 216 | 342 | 293 | 332 | 507 | 627 | 631 |
| Employee Cost | 9 | 10 | 12 | 14 | 21 | 23 | 23 | 27 | 32 | 36 |
| Other Costs ⓘ | 19 | 21 | 19 | 26 | 37 | 38 | 47 | 84 | 75 | 64 |
| Operating Profit ⓘ | 21 | 28 | 34 | 38 | 54 | 42 | 56 | 53 | 83 | 81 |
| Operating Profit Margin (%) | 9.6% | 11.7% | 12.2% | 11.0% | 10.2% | 9.0% | 10.4% | 6.7% | 9.0% | 8.7% |
| Other Income ⓘ | 2 | 1 | 5 | 4 | 7 | 6 | 7 | 10 | 4 | 15 |
| Interest ⓘ | 5 | 4 | 6 | 8 | 10 | 11 | 9 | 14 | 17 | 22 |
| Depreciation ⓘ | 10 | 12 | 12 | 12 | 15 | 19 | 11 | 14 | 17 | 15 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 7 | 14 | 21 | 23 | 36 | 19 | 43 | 35 | 53 | 59 |
| Tax ⓘ | 2 | 5 | 6 | 9 | 12 | 5 | 10 | 10 | 15 | 15 |
| Profit After Tax | 5 | 9 | 15 | 14 | 24 | 14 | 33 | 25 | 38 | 44 |
| PAT Margin (%) | 2.1% | 3.5% | 5.4% | 4.1% | 4.6% | 2.9% | 6.1% | 3.2% | 4.1% | 4.8% |
| Adjusted EPS (₹) | 0.7 | 1.3 | 2.3 | 2.1 | 3.4 | 2.0 | 4.7 | 3.5 | 5.4 | 6.3 |
| Dividend Payout Ratio (%) | 36% | 38% | 22% | 23% | 15% | 26% | 12% | 14% | 9% | 8% |
| 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 | 44 | 49 | 67 | 77 | 123 | 132 | 161 | 183 | 217 | 256 |
| Share Capital ⓘ | 33 | 33 | 33 | 33 | 35 | 35 | 35 | 35 | 35 | 35 |
| Reserves ⓘ | 11 | 16 | 33 | 44 | 88 | 97 | 125 | 148 | 182 | 221 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 44 | 44 | 55 | 78 | 120 | 128 | 147 | 187 | 210 | 190 |
| Long Term Debt | 7 | 13 | 14 | 19 | 26 | 35 | 53 | 50 | 57 | 57 |
| Short Term Debt | 37 | 31 | 41 | 60 | 94 | 92 | 94 | 137 | 154 | 133 |
| Trade Payables | 30 | 29 | 38 | 63 | 77 | 76 | 98 | 124 | 106 | 117 |
| Others Liabilities ⓘ | 31 | 38 | 42 | 17 | 22 | 27 | 32 | 44 | 49 | 52 |
| Total Liabilities ⓘ | 149 | 160 | 202 | 235 | 342 | 363 | 438 | 537 | 583 | 614 |
Fixed Assets | ||||||||||
| Gross Block | 94 | 104 | 127 | 145 | 213 | 232 | 251 | 322 | 352 | 375 |
| Accumulated Depreciation | 46 | 57 | 70 | 81 | 98 | 117 | 128 | 142 | 158 | 173 |
| Net Fixed Assetsⓘ | 48 | 46 | 58 | 64 | 115 | 115 | 123 | 180 | 194 | 203 |
| CWIP ⓘ | 1 | 0 | 2 | 5 | 8 | 24 | 54 | 20 | 18 | 19 |
| Investmentsⓘ | 5 | 5 | 5 | 5 | 1 | 1 | 3 | 3 | 3 | 5 |
| Inventories | 26 | 26 | 31 | 48 | 62 | 76 | 77 | 98 | 114 | 99 |
| Trade Receivables | 38 | 45 | 60 | 72 | 117 | 107 | 133 | 185 | 202 | 222 |
| Cash Equivalents | 4 | 5 | 3 | 7 | 7 | 5 | 11 | 19 | 13 | 15 |
| Others Assetsⓘ | 27 | 33 | 42 | 34 | 32 | 35 | 38 | 33 | 39 | 52 |
| Total Assets ⓘ | 149 | 160 | 202 | 235 | 342 | 363 | 438 | 537 | 583 | 614 |
| 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 ⓘ | 22 | 19 | 13 | 11 | 19 | 37 | 53 | -7 | 19 | 69 |
| PBT ⓘ | 7 | 14 | 21 | 23 | 36 | 19 | 43 | 35 | 53 | 59 |
| Adjustment ⓘ | 16 | 15 | 14 | 19 | 24 | 27 | 17 | 27 | 34 | 34 |
| Changes in Working Capital ⓘ | 3 | -4 | -16 | -19 | -28 | -2 | 4 | -61 | -57 | -10 |
| Tax Paid ⓘ | -4 | -5 | -6 | -13 | -14 | -6 | -11 | -9 | -10 | -14 |
| Cash Flow From Investing Activity ⓘ | -13 | -10 | -22 | -21 | -40 | -35 | -50 | -36 | -28 | -24 |
| Capex | -17 | -10 | -16 | -21 | -45 | -35 | -49 | -37 | -29 | -24 |
| Net Investments | 0 | 0 | -6 | 0 | 4 | 0 | -2 | 0 | 0 | -2 |
| Others ⓘ | 3 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | -9 | -8 | 7 | 14 | 21 | -4 | 2 | 51 | 3 | -43 |
| Net Proceeds from Shares ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 9 | 13 | 15 | 6 | 7 | 2 |
| Interest Paid ⓘ | -5 | -4 | -4 | -8 | -10 | -11 | -9 | -14 | -17 | -22 |
| Dividend Paid ⓘ | -2 | -3 | -2 | -3 | -4 | -3 | -5 | -2 | -4 | -4 |
| Others ⓘ | -4 | -1 | 12 | 26 | 25 | -2 | 2 | 62 | 17 | -20 |
| Net Cash Flow ⓘ | 0 | 1 | -2 | 4 | -1 | -1 | 6 | 8 | -6 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.98 | 18.54 | 26.11 | 20.05 | 24.52 | 10.92 | 22.72 | 14.61 | 19.11 | 18.78 |
| ROCE (%) | 13.31 | 18.77 | 24.11 | 21.2 | 22.27 | 11.17 | 17.66 | 13.86 | 16.7 | 17.73 |
| Asset Turnover Ratio | 1.59 | 1.77 | 1.73 | 1.74 | 2.06 | 1.59 | 1.45 | 1.95 | 2.05 | 1.96 |
| PAT to CFO Conversion(x) | 4.4 | 2.11 | 0.87 | 0.79 | 0.79 | 2.64 | 1.61 | -0.28 | 0.5 | 1.57 | Working Capital Days |
| Receivable Days | 66 | 55 | 61 | 63 | 58 | 73 | 76 | 61 | 62 | 66 |
| Inventory Days | 38 | 34 | 33 | 38 | 34 | 45 | 48 | 34 | 34 | 33 |
| Payable Days | 92 | 75 | 68 | 85 | 75 | 96 | 96 | 80 | 67 | 64 |
Indo Amines Ltd. was established in 1979 as Techno Chemical Industries. The major focus of the company was to provide India with import substitues, providing the support & service of just in time supplies of chemicals. Focusing on core chemistries of high pressure hydrogenation, Indo Amines Ltd diversified into fine & speciality chemicals , a growing opportunity to expand.
The company is one of the India’s largest independent manufacturers of fine, specialty and performance chemicals providing a comprehensive package of products and technical services for Indian global markets.
In 1994 Techno Chemical Industries went public to emerge as Indo Amines which had two manufacturing sites focusing on fine & specialty to become one of India's leading manufacturer.
In 2001, Indo Amines had a focus on exports with the expanding market & opportunities which we could foresee for growth.In 2003 , Research & Development took a major lead role. Continuous efforts were being made to bring in Product & Internationally recognized Quality standards.
Indo Amines has developed emulsifiers for obtaining stable emulsion applicable for various industries including petroleum and agrochemicals. These formulations are quaternary ammonium compounds blended with other additives based on the application and the result desired.
Product range of the company includes:
Indo Amines Ltd manufactures various types of fatty amines, amine derivatives that are used by various industries for direct application. Its products also have specialized process application for various industries and their processes.
Fine chemicals
Speciality chemicals
Peformance Chemicals
Custom Synthesis
Achievements/ recognition:
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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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