Alkyl Amines Chemicals Ltd. News and Updates

Name: Latest research reports of Alkyl Amines Chemicals Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Alkyl Amines Chemicals Ltd.
Rating: 5
Author: HDFC Securities

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Alkyl Amines Chemicals Ltd.

07 Aug 2019, 07:37PM

1655.65

1.27%

Alkyl Amines (1QFY20): Blowout nos, maintain BUY

Buy: Alkyl Amines Chemicals Ltd.

Target

HDFC Securities

High intrinsic profitability (RoIC 20%+), market share gains in Methyl Amines, and a prudent management make AACL an attractive bet at 13.6/11.6 FY21/22E EPS. While margins may remain flat as Methyl Amines share in the mix rises, fresh capacities of Amine Derivatives will help them recover. We value AACL at 22x Jun-21E EPS and maintain BUY with a TP of Rs 1,369. Post a blowout (but unsustainable) performance in 1QFY20, we maintain faith in Alkyl Amines owing to the upcoming expansion in Methyl Amines. Maintain BUY

Number of FII/FPI investors decreased from 111 to 105 in Dec 2024 qtr

Alkyl Amines Chemicals Ltd.

06 Aug 2019, 01:29PM

1655.65

1.27%

Alkyl Amines shares hit 4-year high after Q1 profit almost doubles

Business Line

Shares of Alkyl Amines Chemicals Ltd rose as much as 19 per cent to Rs 829, posting their biggest intra-day per cent gain since October 5, 2015.The sp

Alkyl Amines Chemicals Ltd. has lost -24.73% in the last 6 Months

Alkyl Amines Chemicals Ltd.

23 May 2019

1655.65

1.27%

Alkyl Amines (4QFY19): Hold on tight. Maintain BUY

Buy: Alkyl Amines Chemicals Ltd.

Target

HDFC Securities

Strong return ratios (RoIC to improve from 18.9% in FY19 to 19.8% in FY21E), gain in market share in Methyl Amines and its derivatives and a prudent management make AACL an attractive bet at current valuations (trading at 13.4 FY21E EPS). We are valuing AACL at 22x Mar'21E EPS and maintain a BUY rating with a TP of Rs 1,313. Strong return ratios (RoIC to improve from 18.9% in FY19 to 19.8% in FY21E), gain in market share in Methyl Amines and its derivatives and a prudent management make AACL an attractive bet at current valuations (trading at 13.4 FY21E EPS). We are valuing AACL at 22x Mar'21E EPS and maintain a BUY rating with a TP of Rs 1,313. Despite an underwhelming Q4FY19 performance, we urge investors to keep their faith intact in AACL owing to the (1) Impending gain in market share in the Methyl Amines space, (2) Expanding margins as the share of derivatives in the total product mix increases. Maintain BUY

Number of FII/FPI investors decreased from 111 to 105 in Dec 2024 qtr

Alkyl Amines Chemicals Ltd.

31 Jan 2019

1655.65

1.27%

Alkyl Amines (3QFY19): Scaled and strong. Maintain BUY

Buy: Alkyl Amines Chemicals Ltd.

Target

HDFC Securities

We are valuing AACL at 22x Dec'20 EPS and maintain a Buy rating with a TP of Rs 1,306. Alkyl Amines (AACL) reported another strong quarter with Sales/EBITDA/PAT growing at 38.9/44.3/47.4% YoY to Rs 2.12bn/386mn/221mn respectively. AACL continues to ramp up its newly commissioned Methyl Amines capacity (30KTPA) in Dahej and is operating at ~70% utilization.

Alkyl Amines Chemicals Ltd.'s price crossed below 50Day SMA today

Alkyl Amines Chemicals Ltd.

07 Aug 2018, 12:00AM

1655.65

1.27%

Alkyl Amines

Buy: Alkyl Amines Chemicals Ltd.

Target

KRChoksey

EBIDTA during the quarter came in at INR 369 mn which was up by 54.3% YoY and down by 8.5% QoQ. OPM stood at 20.7% impacted by changes in inventory and was broadly in line with our estimates of 20.8%. Further, the bottom line stood at INR 177 mn growing by 40% on YoY basis while taking a hit of 24% on sequential basis mainly on account...

Alkyl Amines Chemica.. has an average target of 1900.00 from 1 broker.

Alkyl Amines Chemicals Ltd.

31 Jul 2018

1655.65

1.27%

Alkyl Amines (1QFY19): A steady start to FY19. Maintain BUY

Buy: Alkyl Amines Chemicals Ltd.

Target

HDFC Securities

We are valuing AACL at 22x Jun'20 EPS and maintain a Buy rating with a TP of Rs 940. Alkyl Amines reported numbers in line with our estimates; Alkyl Amines reported Sales/EBITDA/PAT growth of 20.9/54.3/40.1% YoY to Rs 1.78bn/Rs 369mn/Rs 177mn respectively. EBITDA and PAT declined sequentially by 8.6/24.2% (AACL had reported the highest quarterly PAT in 4QFY18).

Number of FII/FPI investors decreased from 111 to 105 in Dec 2024 qtr

Alkyl Amines Chemicals Ltd.

29 May 2018

1655.65

1.27%

Alkyl Amines

Mgmt Note: Alkyl Amines Chemicals Ltd.

ICICI Securities Limited

We recently met Kirat Patel, Executive director at Alkyl Amines Chemicals (Alkyl) to get an insight into the amines chemistry business and the company's role in the value chain. Alkyl is a key player in the oligopolistic ammonia chemistry segment in India. The company was established in 1979 and has 12 manufacturing plants in western India (Maharashtra, Gujarat) with a state-of-the-art R&D; unit in Pune. Alkyl manufactures primary chemicals in aliphatic amines domain like methylamines, ethylamine and its derivatives and specialities like DMAHCL, acetonitrile,...

Alkyl Amines Chemica.. has an average target of 1900.00 from 1 broker.

Alkyl Amines Chemicals Ltd.

21 May 2018

1655.65

1.27%

Alkyl Amines (4QFY18): Time to reap benefits from the capex gone by! Maintain BUY

Buy: Alkyl Amines Chemicals Ltd.

HDFC Securities

We maintain Buy on Alkyl Amines and value AACL at 22.0x FY20E EPS with a target price of Rs 900/share. Alkyl Amines reported a strong 4QFY18 with Sales/EBITDA/PAT growing by 32.7%/86.0%/112.9% to Rs 1.74 bn/Rs 404mn/Rs 233mn. AACL reported numbers ahead of our expectations due to a better mix and higher realizations of some of its key products (Acetonitrile realizations were up 15.8% YoY to Rs 150/kg).

Alkyl Amines Chemicals Ltd.'s price crossed below 50Day SMA today

Alkyl Amines Chemicals Ltd.

06 Feb 2018

1655.65

1.27%

Alkyl Amines

Buy: Alkyl Amines Chemicals Ltd.

KRChoksey

The company reported top line for the quarter at INR 1531 mn as against INR 1364 mn for Q3FY17 and INR 1381 mn for Q2FY18; which grew by 12.3% y-o-y and 10.9% q-o-q. The top line was in line with our expectations of INR 1498 Mn showing a deviation of 2%. EBIDTA during the quarter stood at INR 267 mn; down by 10% y-o-y; up by 10.7% q-o-q on account of higher than expected raw material costs. This resulted in margin erosion by 429 bps y-o-y and 3 bps q-o-q standing at 17.4%. Further, PAT for the quarter came in at INR 152 mn down 10% y-o-y; up...

Alkyl Amines Chemicals Ltd. is trading above its 30 day SMA of 1653.7

Alkyl Amines Chemicals Ltd.

27 Nov 2017

1655.65

1.27%

Alkyl Amines

Buy: Alkyl Amines Chemicals Ltd.

KRChoksey

Net Income for Q2FY18 came in at INR 1381 mn as against INR 1241 mn for Q2FY17 and INR 1474 mn for Q1FY18; which grew by 11.3% y-o-y but de-grew by 6.3% q-o-q. EBIDTA during the quarter stood at INR 241 mn; up by 20.7% y-o-y and 3.8% q-o-q, while EBITDA margins surged to 17.5%. Operating margins increased by 135 bps y-o-y and 170 bps q-o-q assisted by margin lucrative product mix....