Alkyl Amines Chemicals is a global supplier of amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical & water treatment industries, among others. The company has a significant stake in Diamines and Chemicals Ltd., the only
manufacturer of ethylene‐amines in India.
Amines could be classified as Specialty Chemicals. Amines are products derived from Ammonia (NH3) by displacement of H2 in the Ammonia molecule by other radicals (R) such as Methyl, Ethylene and Propanol.
Production
Alkyl has two manufacturing sites with 11 plants (9 Manufacturing plants at Kurkumbh, Pune and 2 Manufacturing plants at Patalganga, Raigad). Most of the manufacturing is done at:
- The Patalganga site of around 10 acres manufactures Methylamines & higher aliphatic amines.
- The Kurkumbh site covering 70 acres is manufactures Ethyl amines, Amine Derivatives and Specialty Amines
- A new site of approx. 25 acres is being developed to expand Amines and Amines derivative capacities in Dahej, Gujarat.
Products and Markets
Alkyl’s Industry Profile for 2015-16 topped with Pharma at 56%, followed by Agro at 9% while the remaining 35% is constituted by Dyes, Specialty Chemicals, Foundry Chemicals, Laboratory Regent and others.
Here are the markets that the company caters to:
Financial Performance
The latest ratings from CRISIL puts the company’s long term debts (Rs. 1,605 million) at a stable A while the short term (Rs. 230 million) debts at A1.
- Sales volume has increased by 12% from 36,565 MT for year ended March 31, 2015 to 41,039 MT for year ended March 31, 2016.
- EBIDTA for year ended March 31, 2016 stood at Rs. 93 cr.
Here are the financials for year ended March, 2016
Here are the financials for quarter ended March, 2016
(Source: latest investor presentation)
Disclaimer
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Disclosure: The authors at Capital Mind have positions in the market and some of them may support or contradict the material given above, or may involve a direction derived from independent analysis. Analyst does not have any positions in the above stock.