Laffans Petrochemicals Ltd - Stock Valuation and Financial Performance

BSE: 524522 | NSE: | Trading | Small Cap

Laffans Petrochem Share Price

65.80 -2.96 -4.30%
as on 03-Dec'24 16:59

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affans Petrochemicals stock performance -

mw4me loader
P/E Ratio (SA):
8.94
Market Cap:
55 Cr.
52-wk low:
36
52-wk high:
81.8

Is Laffans Petrochemicals Ltd an attractive stock to invest in?

1. Is Laffans Petrochemicals Ltd a good quality company?

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

2. Is Laffans Petrochemicals Ltd undervalued or overvalued?

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

3. Is Laffans Petrochemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Laffans 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 Laffans 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.
Laffans Petrochemicals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0.4%6%0.9%-1.7%-6.6%9.8%-3.3%2.5%6.3%-
Value Creation
Index
-1.0-1.0-0.6-0.9-1.1-1.5-0.3-1.2-0.8-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.70.421.63.812.216.821.916.76.111
Sales YoY Gr.--36.9%382.9%-21.7%143.2%223.1%37.9%30.6%-24.1%-63.6%-
Adj EPS -2-1.8-1.1-1.6-2-1.42.9-4.21.20.87.7
YoY Gr.-NANANANANANA-241.5%NA-31.9%-
BVPS (₹) 6767.27676.875.870.87572.873.87785.3
Adj Net
Profit
-1.6-1.4-0.9-1.3-1.6-1.12.4-3.310.76
Cash Flow from Ops. -1.2-1.1-2.7-1.66.5-0.4-0.5-0.70.5-1.8-
Debt/CF from Ops. 000-0.300001.1-0.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 28.2%10%-28.8%-63.6%
Adj EPS NANA-34.9%-31.9%
BVPS1.6%0.3%0.9%4.4%
Share Price 22.9% 35.8% 19% 40%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-3-2.7-1.6-2.1-2.6-1.94-5.61.61.19.5
Op. Profit
Mgn %
-414.1-663.5-151.7-162.3-57-9.7-5.9-24.5-10-61.4-36.4
Net Profit
Mgn %
-248.6-352.3-44.9-83.3-42.3-8.914-15.25.710.756.3
Debt to
Equity
00000000000
Working Cap
Days
9,67514,5742,1722,0569142722301367533262
Cash Conv.
Cycle
2,2502,6192931597113300294

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.50%

Sales growth is good in last 4 quarters at 149.71%

Sales growth has been subdued in last 3 years -28.82%

Net Profit has been subdued in last 3 years -34.93%

Latest Financials - Laffans Petrochemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 7.7 -
TTM Sales (₹ Cr.) 10.9 -
BVPS (₹.) 85.3 -
Reserves (₹ Cr.) 60 -
P/BV 0.81 -
PE 8.94 -
From the Market
52 Week Low / High (₹) 36.00 / 81.80
All Time Low / High (₹) 2.00 / 81.80
Market Cap (₹ Cr.) 55
Equity (₹ Cr.) 8
Face Value (₹) 10
Industry PE 63.7

Management X-Ray of Laffans 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 Laffans 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
Sales0.650.411.981.553.7712.1816.8021.9416.666.06
Operating Expenses 3.353.104.984.076.0218.0218.0129.4518.829.78
Manufacturing Costs0.050.060.060.040.050.050.020.030.040.04
Material Costs0.650.381.921.473.6311.6416.0921.2616.326
Employee Cost 0.230.110.400.420.680.740.760.810.820.87
Other Costs 2.422.552.602.141.655.601.147.351.652.87
Operating Profit -2.70-2.69-3-2.52-2.24-5.84-1.22-7.51-2.16-3.72
Operating Profit Margin (%) -414.0%-663.0%-151.0%-162.0%-59.5%-47.9%-7.3%-34.2%-13.0%-61.4%
Other Income 2.833.046.593.241.562.337.416.034.108.08
Interest 000.060.030.070.070.120.130.100.06
Depreciation 0.120.140.140.190.340.370.450.470.470.51
Exceptional Items 0000000000
Profit Before Tax 00.203.390.50-1.09-3.955.61-2.081.363.80
Tax 0.040.02-0.05-0.18-0.240.012.28-0.330.571.19
Profit After Tax -0.040.193.440.68-0.85-3.963.33-1.750.792.60
PAT Margin (%) -5.5%46.2%173.9%43.8%-22.6%-32.5%19.9%-8.0%4.8%43.0%
Adjusted EPS (₹)0.00.24.30.9-1.1-5.04.2-2.21.03.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 53.6053.7860.7861.4660.6056.6459.9858.2259.0261.62
Share Capital 8888888888
Reserves 45.6045.7852.7853.4652.6048.6451.9850.2251.0253.62
Minority Interest0000000000
Debt0000.4500000.450.28
Long Term Debt000000000.370.27
Short Term Debt0000.4500000.070.01
Trade Payables0.130.440.260.690.202.885.332.670.020.04
Others Liabilities 7.367.301.280.880.780.382.801.432.613.68
Total Liabilities 61.0961.5362.3363.4861.5859.9168.1062.3362.1065.62

Fixed Assets

Gross Block2.172.191.352.108.698.828.9499.869.91
Accumulated Depreciation0.790.920.140.330.681.051.501.972.442.95
Net Fixed Assets1.381.261.211.778.027.787.447.047.426.96
CWIP 0000000000
Investments 40.7441.8953.0651.6344.2242.7248.5650.9651.2450.20
Inventories00000.9000000.99
Trade Receivables3.472.571.140.910.242.865.222.4900
Cash Equivalents 2.362.620.250.240.290.320.050.030.840.01
Others Assets13.1513.186.668.937.916.236.841.812.597.45
Total Assets 61.0961.5362.3363.4861.5859.9168.1062.3362.1065.62

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -1.15-1.07-2.69-1.606.49-0.43-0.51-0.710.51-1.79
PBT 00.203.390.50-1.09-3.955.61-2.081.363.80
Adjustment -2.33-2.52-0.28-2.01-1.861.89-4.780.80-1.50-2.48
Changes in Working Capital 1.051.15-5.81-0.099.441.63-1.340.570.65-3.11
Tax Paid -0.06-0.0600000000
Cash Flow From Investing Activity 1.451.320.391.17-5.920.530.120.56-0.290.97
Capex -0.20-0.020.090.75-6.250.24-0.040.07-0.86-0.05
Net Investments 1.641.1500000000
Others 0.010.190.300.420.330.290.150.480.581.02
Cash Flow From Financing Activity 00-0.060.42-0.51-0.080.120.130.58-0.01
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-0.06-0.03-0.07-0.070.120.130.100.06
Dividend Paid 0000000000
Others 0000.45-0.450000.48-0.07
Net Cash Flow 0.290.25-2.36-0.010.050.03-0.27-0.020.81-0.83
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-0.070.3561.11-1.4-6.765.72-2.961.364.32
ROCE (%)0.010.396.020.87-1.68-6.629.84-3.32.496.34
Asset Turnover Ratio0.010.010.030.020.060.20.260.340.270.09
PAT to CFO Conversion(x)N/A-5.63-0.78-2.35N/AN/A-0.15N/A0.65-0.69
Working Capital Days
Receivable Days2,2462,7213422385546886400
Inventory Days000087000060
Payable Days1192736611845489369302

Laffans Petrochemicals Ltd Stock News

Laffans Petrochemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Laffans Petrochem on 03-Dec-2024 16:59 is ₹65.80.
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 03-Dec-2024 16:59 the market cap of Laffans Petrochem stood at ₹55.01.
The latest P/E ratio of Laffans Petrochem as of 03-Dec-2024 16:59 is 8.94.
The latest P/B ratio of Laffans Petrochem as of 03-Dec-2024 16:59 is 0.81.
The 52-week high of Laffans Petrochem is ₹81.80 and the 52-week low is ₹36.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Laffans Petrochem is ₹10.93 ( Cr.) .

About Laffans Petrochemicals Ltd

Laffans Petrochemicals Limited was set up in 1994 to manufacture ethylene oxide derivatives such as Ethoxylates, Propoxylates, Glycol Ethers, Acetates, Ethanol Amine, and Brake fluids is located in Ankleshwar, Gujarat. Subsequently it entered into technical collaboration with Akzo Nobel for textiles spin finishes

The plant set up under technical assistance of Reliance Industries Ltd is in proximity to E.O supply from Reliance, Hazira. This ensures uninterrupted supply of its basic feedstock which cannot be imported due to its hazardous nature. LPL maintains its own fleet of specially fabricated E.O tankers, and is currently the largest buyer of Ethylene Oxide in the country.

The unit has commissioned India's largest loop reactor with state-of-the-art - controlled system from Rose Mount for consistent quality, This ensures a faster reaction rate and minimum residence time of un reacted EO, which results in high purity ethoxylates with low color, odor and aldehides. The minimum free EO and Dioxane content eliminates interface in the subsequent application.

This multipurpose unit is geared to produce Polyethylene Glycols and EO condensates of Alkyl Phenols, Fatty Alcohols, Fatty Acids and Natural Oils also manufacture Esters of stearates & oleates, EO PO Copolymers, Ethanol Amines such as MEA, DEA, TEA. The unit also produce APO free (Non Alkyl Phenol i.e. NP/OP free) ethoxylates as per international requirement. These are highly biodegradable, low foaming, high performance wetting agent cum detergent totally stable in hard water and mild to skin. This comprehensive range of Ethoxylates is widely used in agrochemicals, textiles, paints, lubricants, detergents, pharmaceuticals and personal care products.

The unit has expanded its Glycol Ethers and acetates capacity from 15,000 to 30,000 TPA. LPL is the only Butyl Glycol and Methyl Glycol manufacturer in India along with their respective acetates. LPL also produces 'THEIC'-(based on BASF process know how),-a unique Surfactant for the wire enameling industry. The unit has commenced the expansions of Ethanol Amines 10000 TPA.

Product range of the company includes:

  • Ethoxylates
  • Glycol Ethers 
  • Glycol Ether/ Acetates 
  • Agrochemical Emulsifiers
  • Phenoxy Ethanol 
  • Styrenated Phenol 
  • Poly Ethylene Glycol
  • Tri Ethanol Amine 
  • Brake Fluid 
  • THEIC 
  • TEA 
  • Textile Chemical
  • Ethanol Amines
  • Paint Applications
  • Propoxylates

Achievements/ recognition:

  • An ISO 9001:2000 company certified by TUV management service Gmbh.
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