Here in this post we will analyze all about Alkyl Amines Chemicals, their fundamentals, future plans, company’s outlook, their financials, shareholding patterns etc , Based on company’s fundamentals and technical analysis, we will try to predict Alkyl Amines Chemicals share price target 2023,2024,2025 and 2030.
What is Alkyl Amines Chemicals
Alkyl Amines Chemicals is a leading manufacturer of aliphatic amines in India. They are the global leader in ethyl amines. Aliphatic amines are products derived from Ammonia (NH3) by displacement of H2 in the Ammonia molecule by other radicals (R) such as Methyl, Ethyl and Propyl.
Including domestic presence, company also have presence in Mexico, USA, UAE, China, Thailand, etc.
The Company operates over 20 production plants in three manufacturing sites covering over 115 acres of land in the western states of Maharashtra and Gujarat in India.
Alkyl Amines Chemicals Share Price Target 2023: Technical Analysis
On chart Alkyl Amines Chemicals share is trading around its support level Rs 2500, and the market is waiting for its quarterly result update, if alkyl amines delivers good Q3 result then we could expect a good move in upside so for for the year 2023 first target would be Rs 3200 and second target would be Rs 3600.
If the company doesn’t not deliver good Q3 results then there could be some downside from here, but for long term investor it would be an opportunities.
Alkyl Amines Chemicals Share Price Target 2023
| Year | Alkyl Amines Chemicals Share price in 2023 |
| 2023 | ₹3200 to ₹3600 |
Company Overview
| Company Name | Alkyl Amines Chemicals Ltd |
| Market Cap (Cr.) | ₹ 13,879.40 |
| 52 High / Low | ₹ 3,799.95/2,506.40 |
| Stock P/E | 61.25 |
| Book Value | ₹ 210 |
| P/B (Price to Book Value) | 12.92 |
| Face Value | ₹ 2.00 |
| ROCE | 33.00% |
| ROE | 21.09% |
| Dividend Yield | 0.37% |
Business Overview:
- Alkyl Amines are global manufacturers and suppliers of amines, amine derivatives and other specialty chemicals.
- Alkyl Amines have three manufacturing sites, two in Maharashtra, i.e. at Patalganga and at Kurkumbh and one in Gujarat, i.e. at Dahej.
- They have Research & Developmnent Centre (R&D) and Technology and Projects Office located at Pune, Maharashtra, equipped with advanced equipment and analytical instruments.
- Alkyl Amines also have a Solar Plant at Bhoom, Dist. Osmanabad, Maharashtra and another plant is being set up at Manwath, Dist. Parbhani, Maharashtra.
- Alkyl Amines cater to both domestic and international market, thier products have application in important industries like pharmaceuticals, agro-chemicals, water treatment chemicals, rubber chemicals, etc.
OUTLOOK:
With the growing demand for Company’s products, the capacity for Aliphatic Amines at Kurkumbh and Patalganga sites in Maharashtra is being enhanced at an investment of approximately ` 400 crores.
The setting up of plant is in progress and the capacity will be added in next 12 months. During the financial year 2022-23.
Financial Performance for the financial year ended March 31, 2022
- During the year total Income increased from ` 1,24,939 lakhs to ` 1,55,698 Lakhs, an increase of 25%.
- Due to rise in input costs, Profit before tax (PBT)for the year decreased to Rs. 30,211 Lakhs compared to ` 40,069 Lakhs of the previous year (a decrease of 25%).
- Profit after tax(PAT) was ` 22,489 Lakhs as against ` 29,534 Lakhs of the previous year (a decrease of 24%).
DIVIDEND:
Company announced a dividend of ` 10/- (500%) per equity share on the face value of ` 2/- each for the financial year ended March 31, 2022.
SHARE CAPITAL:
During the financial year, the Company’s paid up share capital increased from ` 10,20,82,820/- consisting of 2,04,16,564 equity shares of ` 5/- each (prior to sub-division) to ` 10,21,44,894/- consisting of 5,10,72,447 equity shares of ` 2/- each.
NEW PROJECTS:
During the financial year 2021-22, a new Acetonitrile plant at Dahej was commissioned. They are in the process of setting up at Kurkumbh, a new Amines plant, which is expected to be commissioned by March 2023.
New Projects include:
1. Setting up of two new speciality chemicals plants.
2. Setting up of new Solar Plants of 3.0 MW in western Maharashtra and 2.00 MW in Gujarat.
3. Some capex projects for upgrading the equipment and expansion of capacities, at all three production sites
Pros:
- Company is almost debt free.
- Company has delivered good profit growth of 34.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.4%
- Company has been maintaining a healthy dividend payout of 19.7%
- Company’s median sales growth is 21.9% of last 10 years
Cons:
- Stock is trading at 12.9 times its book value
Alkyl Amines Chemicals Share Price Target 2024-2025
Alkyl Amines Chemicals Share Price Target 2024
| Year | Alkyl Amines Chemicals Share Price in 2024 |
| 2024 | ₹4000 to ₹4500 |
Alkyl Amines Chemicals Share Price Target 2025
| Year | Alkyl Amines Chemicals Share Price in 2025 |
| 2025 | ₹4900 to ₹5500 |
SUBSIDIARY/ASSOCIATE COMPANIES:
The company does not have any subsidiary, associate or joint venture company
Alkyl Amines Chemicals Shareholding Patterns:
Majorities of stake of the company has to their promoters (71.99%), the FIIS holds 2.32% , DIIS holds 1.11% and remaining 24.57% stake holds the retail public respectively.
| Holdings | Year 2022(Sept)% |
| Promoters | 71.99 |
| FIIS | 2.32 |
| DIIS | 1.11 |
| Public | 24.57 |
Alkyl Amines Chemicals Share Price Target 2030:
| Year | Alkyl Amines Chemicals share price in 2030 |
| 2030 | ₹12000 to ₹12500 |
Conclusion:
Overall, Alkyl Amines is a good company , which have strong financials and provide a good value to their shareholders. How even in previous financial year due to increase in cost company have reported lower profit compare to previous year, but for future prospective company’s fundamentals are strong and have enough potency to grow more.
Here is the end of the post Alkyl Amines chemicals share price target 2023, 2024, 2025-2030. Hope you some value reading this post. Please write you comment below in comment section.
Source: Alkyl Amines Chemicals Annual Reports
Nirmal is a NISM Certified Derivative Trader & the Founder of InvestandEarn.net (Financial Blog). He entered the world of Equity research to explore his interests in financial markets having 5+ Years of Experience in Share Market Trading & Investing. Nirmal frequently writes about Share Market Trading & Investment and publishes his personal view on the market. Drop him a mail at nirmal.jaysval@investandearn.net.
