ALKYL AMINES 2020-21 Annual Report Analysis

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ALKYL AMINES 2020-21 Annual Report Analysis
Mon, 9 Aug

ALKYL AMINES has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.

ALKYL AMINES Income Statement Analysis

  • Operating income during the year rose 25.1% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 57.7% YoY during the fiscal. Operating profit margins witnessed a fall and down at 34.5% in FY21 as against 27.4% in FY20.
  • Depreciation charges increased by 8.0% and finance costs decreased by 38.3% YoY, respectively.
  • Other income grew by 8.4% YoY.
  • Net profit for the year grew by 50.0% YoY.
  • Net profit margins during the year grew from 19.7% in FY20 to 23.6% in FY21.

ALKYL AMINES Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 9,929 12,424 25.1%
Other income Rs m 64 70 8.4%
Total Revenues Rs m 9,993 12,494 25.0%
Gross profit Rs m 2,721 4,291 57.7%
Depreciation Rs m 269 291 8.0%
Interest Rs m 103 63 -38.3%
Profit before tax Rs m 2,414 4,007 66.0%
Tax Rs m 444 1,054 137.1%
Profit after tax Rs m 1,969 2,953 50.0%
Gross profit margin % 27.4 34.5
Effective tax rate % 18.4 26.3
Net profit margin % 19.7 23.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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ALKYL AMINES Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 3 billion as compared to Rs 2 billion in FY20, thereby witnessing an increase of 83.2%.
  • Long-term debt down at Rs 216 million as compared to Rs 479 million during FY20, a fall of 55.0%.
  • Current assets rose 79% and stood at Rs 5 billion, while fixed assets rose 33% and stood at Rs 8 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 14 billion as against Rs 9 billion during FY20, thereby witnessing a growth of 48%.

ALKYL AMINES Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 5,347 7,896 47.7
 
Current Liabilities Rs m 1,538 2,818 83.2
Long-term Debt Rs m 479 216 -55.0
Total Liabilities Rs m 9,152 13,566 48.2
 
Current assets Rs m 2,941 5,279 79.5
Fixed Assets Rs m 6,210 8,287 33.4
Total Assets Rs m 9,152 13,566 48.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



ALKYL AMINES Cash Flow Statement Analysis

  • ALKYL AMINES's cash flow from operating activities (CFO) during FY21 stood at Rs 4 billion, an improvement of 93.8% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -2 billion, an improvement of 421.4% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -865 million, an improvement of 36% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 649 million from the Rs 119 million net cash flows seen during FY20.

ALKYL AMINES Cash Flow Statement 2020-21

Particulars No. of months 12 12 % Change
Year Ending Mar-20 Mar-21
Cash Flow from Operating Activities Rs m 1,878 3,640 93.8%
Cash Flow from Investing Activities Rs m -408 -2,127 -
Cash Flow from Financing Activities Rs m -1,351 -865 -
Net Cash Flow Rs m 119 649 445.4%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for ALKYL AMINES

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 144.7, an improvement from the EPS of Rs 96.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 4,285.9, stands at 68.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 3.7 times, while the price to sales ratio stands at 2.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 67.4 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Sales per share (Unadj.) Rs 486.7 608.7
TTM Earnings per share Rs 96.5 144.7
Diluted earnings per share Rs 38.6 57.9
Price to Cash Flow x 39.1 67.4
TTM P/E ratio x 27.2 68.1
Price / Book Value ratio x 4.7 3.7
Market Cap Rs m 87,416 218,756
Dividends per share (Unadj.) Rs 8.0 10.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for ALKYL AMINES

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.9x during FY21, from 1.9x during FY20. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 64.3x during FY21, from 24.5x during FY20. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company improved and stood at 37.4% during FY21, from 36.8% during FY21. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 50.2% during FY21, from 43.2% during FY20. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company declined and down at 22.2% during FY21, from 22.6% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Current ratio x 1.9 1.9
Debtors’ Days Days 604 670
Interest coverage x 24.5 64.3
Debt to equity ratio x 0.1 0.0
Return on assets % 22.6 22.2
Return on equity % 36.8 37.4
Return on capital employed % 43.2 50.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how ALKYL AMINES has performed over the last 5 years, please visit here.

ALKYL AMINES Share Price Performance

Over the last one year, ALKYL AMINES share price has moved up from Rs 973.9 to Rs 4,285.9, registering a gain of Rs 3,312.0 or around 340.1%.

Overall, the S&P BSE SENSEX is up 44.4% over the year.

(To know more, check out historical annual results for ALKYL AMINES and quarterly results for ALKYL AMINES)

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Related Views on News

ALKYL AMINES Announces Quarterly Results (1QFY22); Net Profit Up 48.8% (Quarterly Result Update)

Aug 5, 2021 | Updated on Aug 5, 2021

For the quarter ended June 2021, ALKYL AMINES has posted a net profit of Rs 785 m (up 48.8% YoY). Sales on the other hand came in at Rs 4 bn (up 59.8% YoY). Read on for a complete analysis of ALKYL AMINES's quarterly results.

ALKYL AMINES Announces Quarterly Results (4QFY21); Net Profit Up 88.2% (Quarterly Result Update)

Jul 8, 2021 | Updated on Jul 8, 2021

For the quarter ended March 2021, ALKYL AMINES has posted a net profit of Rs 926 m (up 88.2% YoY). Sales on the other hand came in at Rs 4 bn (up 62.8% YoY). Read on for a complete analysis of ALKYL AMINES's quarterly results.

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