Alkyl Amines Chemicals 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

1576.60

-1.90%

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

Alkyl Amines Chemicals Ltd. is trading below all available SMAs

Alkyl Amines Chemicals Ltd.

06 Aug 2019

1576.60

-1.90%

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

Alkyl Amines Chemicals Ltd.

23 May 2019

1576.60

-1.90%

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

Alkyl Amines Chemicals Ltd. is trading below all available SMAs

Alkyl Amines Chemicals Ltd.

31 Jan 2019

1576.60

-1.90%

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 has lost -31.31% in the last 6 Months

Alkyl Amines Chemicals Ltd.

31 Jul 2018

1576.60

-1.90%

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).

Alkyl Amines Chemicals Ltd. is trading below all available SMAs

Alkyl Amines Chemicals Ltd.

29 May 2018

1576.60

-1.90%

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 Chemicals has lost -31.31% in the last 6 Months

Alkyl Amines Chemicals Ltd.

21 May 2018

1576.60

-1.90%

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

Alkyl Amines Chemicals Ltd.

29 May 2017

1576.60

-1.90%

Alkyl Amines Chemicals Ltd Q4FY17 Result Review

Buy: Alkyl Amines Chemicals Ltd.

Target

BOB Capital Markets Ltd.

Strained margins, long-term story Intact; Maintain BUY Alkyl Amines Chemicals Ltd. has reported its Q4FY17 result with a revenue growth of 8.3%/-3.8% YoY/QoQ, respectively, to ~Rs. 1,311 mn. The EBITDA of the Company stood ~Rs. 212 mn, a reduction of ~21.6%/28.7% YoY/QoQ, with a margins being contracted to ~16.1% vs...

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

Alkyl Amines Chemicals Ltd.

27 May 2016

1576.60

-1.90%

Alkyl Amines Chemicals Ltd Q4FY16 Result Review

Buy: Alkyl Amines Chemicals Ltd.

Target

BOB Capital Markets Ltd.

Strong Quarter led by high Margins; Maintain BUY Alkyl Amines Chemicals Ltd., reported strong margin growth in Q4FY16 result. It has posted net sales of ~Rs.1210 mn, growth of ~3%/8.5%...

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

Alkyl Amines Chemicals Ltd.

09 Dec 2015

1576.60

-1.90%

Alkyl Amines Chemicals Ltd Initiating Coverage with BUY

Buy: Alkyl Amines Chemicals Ltd.

BOB Capital Markets Ltd.

Valuation: Alkyl Amines Chemicals Ltd. trades at 12.4x one-year forward P/E, and we expect that the following factors will further drive the stock upside: 1) Growth of pharmaceuticals, agrochemicals and other industries AACL serves, 2) Fast paced...