BASIC INFORMATION
Symbol: 506248
Listed exchange: BSE
Sector and industry: Chemicals
Market Cap.: ₹ 206.88 Cr
Current Price: ₹ 37.60
Book Value: ₹ 10.36
Stock P/E: 15.88
Dividend Yield: 0.53%
Face Value: ₹ 2.00
Promoter holding: 73.16%
BUSINESS DESCRIPTION
Amines & Plasticizers Limited (APL), incorporated in the year 1973 as a Public Limited Company, registered under the Indian Companies Act of 1956, having its Corporate Office in Mumbai, India and manufacturing facilities in Navi Mumbai, is the pioneer and one of the largest producers of Ethanolamines, Alkyl Alkanolamines, Morpholine Derivatives like NMMO 50% & Gas Treating Solvents in India.
Company’s products are well accepted in overseas market and exporting about 50 % of its total production. Company is the market leader of Ethanol amines and Alkyl Alkanolamines in India with a market share of 75 %.APL is also the world’s largest producer of N-Methyl Morpholine Oxide ( NMMO). The technology for producing NMMO is indigenously developed by company’s own R&D wing.
APL has also now diversified its activities into producing various Specialty Ethoxylates and Propoxylates, Block polymers and Co-Polymers of EO and PO besides Fatty Alcohol Ethoxylates and Propoxylates, PPG’s (of various molecular weights like 425, 900, 1020, 2000 & 4000), Cement Grinding Aids, TIPA 85%, DEIPA 85%, Phenoxyethanol of High Purity and Oil field Chemicals such as H2S scavengers, Demulsifiers, Acid Corrosion Inhibitors, Flow improvers / Pour point Depressants for Crude oil as well as Lube oil, Bactericides, Emulsifiers & Mud Surfactant, Dispersant for Oil spills etc. http://amines.com/corporate-profile.html
Products:
- Morpholine
- Pharma Intermediates
- Ethanolamines / Alkyl Alkanolamines
- Other Products
Services:
- Simulation Services
- Ongoing Technical Support
- Analytical Laboratory Services
- Analytical Frequency
Clientele:
- Oil Refineries
- Natural Gas Plants
- Ammonia Plants
- Pharmaceutical and agrochemical industries
- Petrochemical Plants, etc.
PAST PERFORMANCE
OPERATING METRICS AND VALUATIONS
Current ratio: 2.54
Debt to equity: 1.14
Interest Coverage Ratio: 3.98
Cash Conversion Cycle: 83.13
ROIC: 28.41%
OPM: 9.88%
Earnings yield: 10.24%
EV/EBITDA: 9.07
PEG: 0.28
As a novice investor, Prima facie looks like a very good long term growth opportunity, inviting useful insights or feedback from Senior VP and other fellow members.
Disclosure – Not invested yet.