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Andhra Petrochemicals Ltd

ANDHRAPET

Andhra Petrochemicals Ltd

ANDHRAPET
MaterialsCommodity Chemicals
SmallcapWith a market cap of ₹844 cr, stock is ranked 1,561
High RiskStock is 3.59x as volatile as Nifty
99.010.52% (+0.51)
99.010.52% (+0.51)

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MaterialsCommodity Chemicals
SmallcapWith a market cap of ₹844 cr, stock is ranked 1,561
High RiskStock is 3.59x as volatile as Nifty

How to use scorecard? Learn more

MaterialsCommodity Chemicals
SmallcapWith a market cap of ₹844 cr, stock is ranked 1,561
High RiskStock is 3.59x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
10.811.522.01%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
32.203.671.16%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

The Andhra Petrochemicals Limited is engaged in the manufacturing of oxo-alcohols like 2 Ethyl Hexanol and Butanols. Its products have applications in plasticizers, stabilizers, solvents, acrylates and finishing compounds for ink etc.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 4.02%, vs industry avg of 9.22%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 0.9% to 0.69%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of -1.91%, vs industry avg of 5.28%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue342.34330.96522.35668.58459.26569.94979.89701.66814.09754.71
Raw Materialssubtract273.35259.84358.39463.95347.90338.93569.66544.22558.15625.62
Power & Fuel Costsubtract39.4733.9942.3747.7938.9637.9948.4755.0062.73
Employee Costsubtract15.3316.7718.1319.2720.6021.4926.4525.5927.20
Selling & Administrative Expensessubtract1.301.121.193.831.711.392.292.241.83
Operating & Other expensessubtract15.965.5433.6622.3414.2829.049.1921.3154.61
Depreciation/Amortizationsubtract9.869.049.4910.4912.8114.0314.1415.3914.8314.76
Interest & Other Itemssubtract13.3815.5811.875.921.529.138.618.648.668.66
Taxes & Other Itemssubtract-2.63-3.540.7625.157.5941.4774.348.8722.6727.55
EPS-2.79-0.875.478.221.639.0026.682.407.469.19
DPS0.000.000.001.500.001.503.001.502.003.50
Payout ratio0.000.000.000.180.000.170.110.620.270.38

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
MaterialsCommodity Chemicals

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Andhra Petrochemicals Ltd13.321.522.01%
Solar Industries India Ltd116.2728.360.08%
Linde India Ltd162.4120.330.15%
Deepak Nitrite Ltd48.558.160.26%

Price Comparison

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ANDHRAPET
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 2.19%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding45.04%0.02%0.00%1.23%53.70%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun0.35%0.35%0.32%0.32%0.74%1.23%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJun 28, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Jun 28, 2024

Cash Dividend

Ex DateEx DateJul 25, 2023

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Jul 25, 2023

Cash Dividend

Ex DateEx DateSep 12, 2022

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Sep 12, 2022

Cash Dividend

Ex DateEx DateFeb 25, 2022

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Feb 25, 2022

Cash Dividend

Ex DateEx DateSep 16, 2021

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Sep 16, 2021

News & Opinions
Spotlight
Andhra Petrochemicals edges higher after ICRA affirms 'A-' rating

The agency has also affirmed the company's short term rating at '[ICRA] A2+'. ICRA stated that the reaffirmation of the ratings factor in The Andhra Petrochemicals' (APL) established track record in manufacturing oxo-alcohols in India and its financial risk profile characterised by healthy capital structure and comfortable coverage metrics. The company's long-term debt is nil, and its working capital utilisation is low. The liquidity profile has remained strong with healthy unencumbered cash & cash equivalents of nearly Rs 350.15 crore as on 31 March 2024, along with liquid investments of Rs 64.46 crore. ICRA also notes that the company benefits from the trade protection measures, such as the anti-dumping duty (ADD) imposed on several countries for the import of NBA and 2EH, and the duopoly in the domestic oxo-alcohol market with Bharat Petroleum Corporation (BPCL) being the other player. ICRA also takes note of APL being a part of The Andhra Sugars Group. The ratings are constrained by the exposure of APL's profitability to the fluctuation in the spread between oxo-alcohols and feedstock. The operating margins declined sharply in FY2023 owing to the reduction in the spreads after product prices dropped because of subdued global demand, though there is recovery in margins since Q2 FY2024 resulting in improved margins in FY2024. However, the margins remain exposed to continued weak global demand scenario. Moreover, APL is exposed to force majeure risk because of its dependence on a single supplier (HPCL) for the key raw material, propylene. ICRA notes that in the last three years, in times of requirement and healthy margins, the company has been procuring the raw material from BPCL-Kochi and Gas Authority of India Limited (GAIL)-Pata, though at a higher cost, which provides some diversification. ICRA also notes that the company's earlier planned sizeable proposed capex plans to set up facilities for the production of value-added products are on hold until there is a sustained improvement in the global scenario. The company has moderate capex plans in the near term towards value-added product, to be funded by internal accruals. The Andhra Petrochemicals (APL)is one of the two producers of oxo-alcohols in India. Oxo-alcohol is primarily used as a raw material to manufacture PVC plasticisers. APL's factory is located adjacent to HPCL's Visakhapatnam refinery, with which it has entered into a long-term contract for the procurement of propylene, the key raw material in the manufacturing process. Powered by Capital Market - Live

5 days agoCapital Market - Live

Andhra Petrochemicals standalone net profit rises 1248.31% in the June 2024 quarter

1 month agoBusiness Standard
Earnings
Andhra Petrochemicals standalone net profit rises 1248.31% in the June 2024 quarter

Net profit of Andhra Petrochemicals rose 1248.31% to Rs 15.91 crore in the quarter ended June 2024 as against Rs 1.18 crore during the previous quarter ended June 2023. Sales declined 32.02% to Rs 129.62 crore in the quarter ended June 2024 as against Rs 190.67 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales129.62190.67 -32 OPM %14.920.77 - PBDT24.705.16 379 PBT21.081.48 1324 NP15.911.18 1248 Powered by Capital Market - Live

1 month agoCapital Market - Live

Ramco Systems: Can the downtrend reverse?

1 year agoThe Hindu Businessline

Andhra Petrochemicals standalone net profit declines 98.26% in the December 2022 quarter

1 year agoBusiness Standard

Andhra Petrochemicals to resume plant operations from Sep 1; Stock surges 2.7%

2 years agoIndia Infoline

Andhra Petrochemicals standalone net profit rises 125.71% in the December 2021 quarter

2 years agoBusiness Standard

Andhra Petrochemicals standalone net profit rises 1151.66% in the September 2021 quarter

2 years agoBusiness Standard

Andhra Petrochemicals reports standalone net profit of Rs 47.00 crore in the March 2021 quarter

3 years agoBusiness Standard

Definitive anti-dumping duty imposed on N-Butanol imports from EU, Malaysia, Singapore, South Africa and US

3 years agoThe Hindu Businessline