Past 10 year’s financial track record analysis by Moneyworks4me indicates that Laffans Petrochemicals Ltd is a below average quality company.
The key valuation ratios of Laffans Petrochemicals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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.
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 % ⓘ | 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 ⓘ | 0.7 | 0.4 | 2 | 1.6 | 3.8 | 12.2 | 16.8 | 21.9 | 16.7 | 6.1 | 11 |
| 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 | -1.4 | 2.9 | -4.2 | 1.2 | 0.8 | 7.7 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | -241.5% | NA | -31.9% | - |
| BVPS (₹) ⓘ | 67 | 67.2 | 76 | 76.8 | 75.8 | 70.8 | 75 | 72.8 | 73.8 | 77 | 85.3 |
| Adj Net Profit ⓘ | -1.6 | -1.4 | -0.9 | -1.3 | -1.6 | -1.1 | 2.4 | -3.3 | 1 | 0.7 | 6 |
| Cash Flow from Ops. ⓘ | -1.2 | -1.1 | -2.7 | -1.6 | 6.5 | -0.4 | -0.5 | -0.7 | 0.5 | -1.8 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | -0.3 | 0 | 0 | 0 | 0 | 1.1 | -0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 28.2% | 10% | -28.8% | -63.6% | ||||
| Adj EPS ⓘ | NA | NA | -34.9% | -31.9% | ||||
| BVPSⓘ | 1.6% | 0.3% | 0.9% | 4.4% | ||||
| Share Price | 21% | 40.8% | 13.2% | 41.2% | ||||
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 % ⓘ | -3 | -2.7 | -1.6 | -2.1 | -2.6 | -1.9 | 4 | -5.6 | 1.6 | 1.1 | 9.5 |
| 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 | -8.9 | 14 | -15.2 | 5.7 | 10.7 | 56.3 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 9,675 | 14,574 | 2,172 | 2,056 | 914 | 272 | 230 | 136 | 75 | 332 | 62 |
| Cash Conv. Cycle ⓘ | 2,250 | 2,619 | 293 | 159 | 71 | 13 | 3 | 0 | 0 | 29 | 4 |
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%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.7 | - |
| TTM Sales (₹ Cr.) | 10.9 | - |
| BVPS (₹.) ⓘ | 85.3 | - |
| Reserves (₹ Cr.) ⓘ | 60 | - |
| P/BV ⓘ | 0.76 | - |
| PE ⓘ | 8.49 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 36.00 / 76.00 |
| All Time Low / High (₹) | 2.00 / 63.69 |
| Market Cap (₹ Cr.) | 52.2 |
| Equity (₹ Cr.) | 8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| 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 | 0.65 | 0.41 | 1.98 | 1.55 | 3.77 | 12.18 | 16.80 | 21.94 | 16.66 | 6.06 |
| Operating Expenses ⓘ | 3.35 | 3.10 | 4.98 | 4.07 | 6.02 | 18.02 | 18.01 | 29.45 | 18.82 | 9.78 |
| Manufacturing Costs | 0.05 | 0.06 | 0.06 | 0.04 | 0.05 | 0.05 | 0.02 | 0.03 | 0.04 | 0.04 |
| Material Costs | 0.65 | 0.38 | 1.92 | 1.47 | 3.63 | 11.64 | 16.09 | 21.26 | 16.32 | 6 |
| Employee Cost | 0.23 | 0.11 | 0.40 | 0.42 | 0.68 | 0.74 | 0.76 | 0.81 | 0.82 | 0.87 |
| Other Costs ⓘ | 2.42 | 2.55 | 2.60 | 2.14 | 1.65 | 5.60 | 1.14 | 7.35 | 1.65 | 2.87 |
| 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 ⓘ | 2.83 | 3.04 | 6.59 | 3.24 | 1.56 | 2.33 | 7.41 | 6.03 | 4.10 | 8.08 |
| Interest ⓘ | 0 | 0 | 0.06 | 0.03 | 0.07 | 0.07 | 0.12 | 0.13 | 0.10 | 0.06 |
| Depreciation ⓘ | 0.12 | 0.14 | 0.14 | 0.19 | 0.34 | 0.37 | 0.45 | 0.47 | 0.47 | 0.51 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0.20 | 3.39 | 0.50 | -1.09 | -3.95 | 5.61 | -2.08 | 1.36 | 3.80 |
| Tax ⓘ | 0.04 | 0.02 | -0.05 | -0.18 | -0.24 | 0.01 | 2.28 | -0.33 | 0.57 | 1.19 |
| Profit After Tax | -0.04 | 0.19 | 3.44 | 0.68 | -0.85 | -3.96 | 3.33 | -1.75 | 0.79 | 2.60 |
| PAT Margin (%) | -5.5% | 46.2% | 173.9% | 43.8% | -22.6% | -32.5% | 19.9% | -8.0% | 4.8% | 43.0% |
| Adjusted EPS (₹) | 0.0 | 0.2 | 4.3 | 0.9 | -1.1 | -5.0 | 4.2 | -2.2 | 1.0 | 3.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 53.60 | 53.78 | 60.78 | 61.46 | 60.60 | 56.64 | 59.98 | 58.22 | 59.02 | 61.62 |
| Share Capital ⓘ | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves ⓘ | 45.60 | 45.78 | 52.78 | 53.46 | 52.60 | 48.64 | 51.98 | 50.22 | 51.02 | 53.62 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0.45 | 0 | 0 | 0 | 0 | 0.45 | 0.28 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.37 | 0.27 |
| Short Term Debt | 0 | 0 | 0 | 0.45 | 0 | 0 | 0 | 0 | 0.07 | 0.01 |
| Trade Payables | 0.13 | 0.44 | 0.26 | 0.69 | 0.20 | 2.88 | 5.33 | 2.67 | 0.02 | 0.04 |
| Others Liabilities ⓘ | 7.36 | 7.30 | 1.28 | 0.88 | 0.78 | 0.38 | 2.80 | 1.43 | 2.61 | 3.68 |
| Total Liabilities ⓘ | 61.09 | 61.53 | 62.33 | 63.48 | 61.58 | 59.91 | 68.10 | 62.33 | 62.10 | 65.62 |
Fixed Assets | ||||||||||
| Gross Block | 2.17 | 2.19 | 1.35 | 2.10 | 8.69 | 8.82 | 8.94 | 9 | 9.86 | 9.91 |
| Accumulated Depreciation | 0.79 | 0.92 | 0.14 | 0.33 | 0.68 | 1.05 | 1.50 | 1.97 | 2.44 | 2.95 |
| Net Fixed Assetsⓘ | 1.38 | 1.26 | 1.21 | 1.77 | 8.02 | 7.78 | 7.44 | 7.04 | 7.42 | 6.96 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 40.74 | 41.89 | 53.06 | 51.63 | 44.22 | 42.72 | 48.56 | 50.96 | 51.24 | 50.20 |
| Inventories | 0 | 0 | 0 | 0 | 0.90 | 0 | 0 | 0 | 0 | 0.99 |
| Trade Receivables | 3.47 | 2.57 | 1.14 | 0.91 | 0.24 | 2.86 | 5.22 | 2.49 | 0 | 0 |
| Cash Equivalents | 2.36 | 2.62 | 0.25 | 0.24 | 0.29 | 0.32 | 0.05 | 0.03 | 0.84 | 0.01 |
| Others Assetsⓘ | 13.15 | 13.18 | 6.66 | 8.93 | 7.91 | 6.23 | 6.84 | 1.81 | 2.59 | 7.45 |
| Total Assets ⓘ | 61.09 | 61.53 | 62.33 | 63.48 | 61.58 | 59.91 | 68.10 | 62.33 | 62.10 | 65.62 |
| 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 ⓘ | -1.15 | -1.07 | -2.69 | -1.60 | 6.49 | -0.43 | -0.51 | -0.71 | 0.51 | -1.79 |
| PBT ⓘ | 0 | 0.20 | 3.39 | 0.50 | -1.09 | -3.95 | 5.61 | -2.08 | 1.36 | 3.80 |
| Adjustment ⓘ | -2.33 | -2.52 | -0.28 | -2.01 | -1.86 | 1.89 | -4.78 | 0.80 | -1.50 | -2.48 |
| Changes in Working Capital ⓘ | 1.05 | 1.15 | -5.81 | -0.09 | 9.44 | 1.63 | -1.34 | 0.57 | 0.65 | -3.11 |
| Tax Paid ⓘ | -0.06 | -0.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 1.45 | 1.32 | 0.39 | 1.17 | -5.92 | 0.53 | 0.12 | 0.56 | -0.29 | 0.97 |
| Capex | -0.20 | -0.02 | 0.09 | 0.75 | -6.25 | 0.24 | -0.04 | 0.07 | -0.86 | -0.05 |
| Net Investments | 1.64 | 1.15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.01 | 0.19 | 0.30 | 0.42 | 0.33 | 0.29 | 0.15 | 0.48 | 0.58 | 1.02 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | -0.06 | 0.42 | -0.51 | -0.08 | 0.12 | 0.13 | 0.58 | -0.01 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | -0.06 | -0.03 | -0.07 | -0.07 | 0.12 | 0.13 | 0.10 | 0.06 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0.45 | -0.45 | 0 | 0 | 0 | 0.48 | -0.07 |
| Net Cash Flow ⓘ | 0.29 | 0.25 | -2.36 | -0.01 | 0.05 | 0.03 | -0.27 | -0.02 | 0.81 | -0.83 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -0.07 | 0.35 | 6 | 1.11 | -1.4 | -6.76 | 5.72 | -2.96 | 1.36 | 4.32 |
| ROCE (%) | 0.01 | 0.39 | 6.02 | 0.87 | -1.68 | -6.62 | 9.84 | -3.3 | 2.49 | 6.34 |
| Asset Turnover Ratio | 0.01 | 0.01 | 0.03 | 0.02 | 0.06 | 0.2 | 0.26 | 0.34 | 0.27 | 0.09 |
| PAT to CFO Conversion(x) | N/A | -5.63 | -0.78 | -2.35 | N/A | N/A | -0.15 | N/A | 0.65 | -0.69 | Working Capital Days |
| Receivable Days | 2,246 | 2,721 | 342 | 238 | 55 | 46 | 88 | 64 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 87 | 0 | 0 | 0 | 0 | 60 |
| Payable Days | 119 | 273 | 66 | 118 | 45 | 48 | 93 | 69 | 30 | 2 |
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:
Achievements/ recognition:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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