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ALKYL AMINES 2021-22 Annual Report Analysis
Fri, 8 Jul

ALKYL AMINES has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

ALKYL AMINES Income Statement Analysis

  • Operating income during the year rose 24.2% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 23.9% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 21.2% in FY22 as against 34.5% in FY21.
  • Depreciation charges increased by 19.6% and finance costs decreased by 39.6% YoY, respectively.
  • Other income grew by 103.9% YoY.
  • Net profit for the year declined by 23.9% YoY.
  • Net profit margins during the year declined from 23.8% in FY21 to 14.6% in FY22.

ALKYL AMINES Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 12,424 15,428 24.2%
Other income Rs m 70 142 103.9%
Total Revenues Rs m 12,494 15,570 24.6%
Gross profit Rs m 4,291 3,265 -23.9%
Depreciation Rs m 291 348 19.6%
Interest Rs m 63 38 -39.6%
Profit before tax Rs m 4,007 3,021 -24.6%
Tax Rs m 1,054 772 -26.7%
Profit after tax Rs m 2,953 2,249 -23.9%
Gross profit margin % 34.5 21.2
Effective tax rate % 26.3 25.6
Net profit margin % 23.8 14.6
* 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 FY22 stood at Rs 3 billion as compared to Rs 3 billion in FY21, thereby witnessing an increase of 16.4%.
  • Current assets rose 2% and stood at Rs 5 billion, while fixed assets rose 35% and stood at Rs 11 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 17 billion as against Rs 14 billion during FY21, thereby witnessing a growth of 22%.

ALKYL AMINES Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 7,896 9,865 24.9
 
Current Liabilities Rs m 2,818 3,279 16.4
Long-term Debt Rs m 216 0 -100.0
Total Liabilities Rs m 13,566 16,569 22.1
 
Current assets Rs m 5,279 5,376 1.8
Fixed Assets Rs m 8,287 11,193 35.1
Total Assets Rs m 13,566 16,569 22.1
* 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 FY22 stood at Rs 2 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -2 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -573 million, an improvement of 34% on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs -583 million from the Rs 649 million net cash flows seen during FY21.

ALKYL AMINES Cash Flow Statement 2021-22

Particulars No. of months 12 12 % Change
Year Ending Mar-21 Mar-22
Cash Flow from Operating Activities Rs m 3,639 2,047 -43.8%
Cash Flow from Investing Activities Rs m -2,126 -2,057 -
Cash Flow from Financing Activities Rs m -865 -573 -
Net Cash Flow Rs m 649 -583 -
* 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 44.0, an decline from the EPS of Rs 144.7 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 2,637.0, stands at 59.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 13.7 times, while the price to sales ratio stands at 8.7 times.
  • The company's price to cash flow (P/CF) ratio stood at 113.7 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Sales per share (Unadj.) Rs 608.7 302.1
TTM Earnings per share Rs 144.7 44.0
Diluted earnings per share Rs 57.8 44.0
Price to Cash Flow x 89.6 113.7
TTM P/E ratio x 98.4 59.9
Price / Book Value ratio x 9.2 29.9
Market Cap Rs m 72,453 295,147
Dividends per share (Unadj.) Rs 10.0 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 1.6x during FY22, from 1.9x during FY21. 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 80.0x during FY22, from 64.3x during FY21. 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 declined and down at 22.8% during FY22, from 37.4% during FY22. 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 declined and down at 31.0% during FY22, from 50.2% during FY21. 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 13.8% during FY22, from 22.2% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Current ratio x 1.9 1.6
Debtors’ Days Days 670 655
Interest coverage x 64.3 80.0
Debt to equity ratio x 0.0 0.0
Return on assets % 22.2 13.8
Return on equity % 37.4 22.8
Return on capital employed % 50.2 31.0
* 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 down from Rs 3,665.9 to Rs 2,637.0, registering a loss of Rs 1,028.9 or around 28.1%.

Overall, the S&P BSE SENSEX is up 3.1% over the year.

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

Annual Report FAQs

What is the current share price of ALKYL AMINES?

ALKYL AMINES currently trades at Rs 0.0 per share. You can check out the latest share price performance of ALKYL AMINES here...

What was the revenue of ALKYL AMINES in FY22? How does it compare to earlier years?

The revenues of ALKYL AMINES stood at Rs 15,570 m in FY22, which was up 24.6% compared to Rs 12,494 m reported in FY21.

ALKYL AMINES' revenue has grown from Rs 6,105 m in FY18 to Rs 15,570 m in FY22.

Over the past 5 years, the revenue of ALKYL AMINES has grown at a CAGR of 26.4%.

What was the net profit of ALKYL AMINES in FY22? How does it compare to earlier years?

The net profit of ALKYL AMINES stood at Rs 2,249 m in FY22, which was down -23.9% compared to Rs 2,953 m reported in FY21.

This compares to a net profit of Rs 1,969 m in FY20 and a net profit of Rs 821 m in FY19.

Over the past 5 years, ALKYL AMINES net profit has grown at a CAGR of 37.0%.

What does the cash flow statement of ALKYL AMINES reveal?

The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.

This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.

The cash flow statement of ALKYL AMINES reveals:

  • Cash flow from operations decreased in FY22 and stood at Rs 2,047 m as compared to Rs 3,639 m in FY21.
  • Cash flow from investments increased in FY22 and stood at Rs -2,057 m as compared to Rs -2,126 m in FY21.
  • Cash flow from financial activity increased in FY22 and stood at Rs -573 m as compared to Rs -865 m in FY21.

Here's the cash flow statement of ALKYL AMINES for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations1,0161,4421,8783,6392,047
From Investments-1,322-668-408-2,126-2,057
From Financial Activity325-603-1,351-865-573
Net Cashflow19171119649-583

What does the Key Ratio analysis of ALKYL AMINES reveal?

Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.

The ratio/financial analysis of ALKYL AMINES reveals:

  • Operating profit margins witnessed a fall and stood at 21.2% in FY22 as against 34.5% in FY21.
  • Net profit margins declined from 23.8% in FY21 to 14.6% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.0 as compared to 0.0 in FY21.

Here's the ratio/financial analysis of ALKYL AMINES for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)19.419.427.434.521.2
Net Profit Margin (%)10.59.719.823.814.6
Debt to Equity Ratio (x)0.40.20.10.00.0

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