ARCHEAN CHEMICAL has announced its results for the year ended March 2024. Let us have a look at the detailed performance review of the company during FY23-24.
No. of Mths Year Ending | 12 Mar-23* | 12 Mar-24* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 14,411 | 13,301 | -7.7% |
Other income | Rs m | 433 | 433 | 0.1% |
Total Revenues | Rs m | 14,843 | 13,734 | -7.5% |
Gross profit | Rs m | 6,340 | 4,627 | -27.0% |
Depreciation | Rs m | 686 | 703 | 2.5% |
Interest | Rs m | 970 | 85 | -91.3% |
Profit before tax | Rs m | 5,117 | 4,272 | -16.5% |
Tax | Rs m | 1,291 | 1,082 | -16.2% |
Profit after tax | Rs m | 3,826 | 3,190 | -16.6% |
Gross profit margin | % | 44.0 | 34.8 | |
Effective tax rate | % | 25.2 | 25.3 | |
Net profit margin | % | 26.5 | 24.0 |
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No. of Mths Year Ending | 12 Mar-23* | 12 Mar-24* | % Change | |
---|---|---|---|---|
Networth | Rs m | 14,234 | 16,992 | 19.4 |
Current Liabilities | Rs m | 1,932 | 1,349 | -30.2 |
Long-term Debt | Rs m | 8 | 594 | 7,432.9 |
Total Liabilities | Rs m | 17,759 | 21,791 | 22.7 |
Current assets | Rs m | 5,975 | 7,262 | 21.5 |
Fixed Assets | Rs m | 11,784 | 14,530 | 23.3 |
Total Assets | Rs m | 17,759 | 21,791 | 22.7 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-23 | Mar-24 | ||
Cash Flow from Operating Activities | Rs m | 4,961 | 3,794 | -23.5% |
Cash Flow from Investing Activities | Rs m | -2,903 | -3,073 | - |
Cash Flow from Financing Activities | Rs m | -2,120 | -326 | - |
Net Cash Flow | Rs m | -62 | 395 | - |
No. of Mths Year Ending | 12 Mar-23* | 12 Mar-24* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 117.1 | 107.8 |
TTM Earnings per share | Rs | 31.1 | 25.8 |
Diluted earnings per share | Rs | 31.0 | 25.8 |
Price to Cash Flow | x | 17.8 | 21.1 |
TTM P/E ratio | x | 21.0 | 23.7 |
Price / Book Value ratio | x | 5.1 | 4.8 |
Market Cap | Rs m | 72,097 | 82,256 |
Dividends per share (Unadj.) | Rs | 2.5 | 3.0 |
Current Ratio: The company's current ratio improved and stood at 5.4x during FY24, from 3.1x during FY23. The current ratio measures the company's ability to pay short-term and long-term obligations.
Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 51.5x during FY24, from 6.3x during FY23. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.
Return on Equity (ROE): The ROE for the company declined and down at 18.8% during FY24, from 26.9% during FY24. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.
Return on Capital Employed (ROCE): The ROCE for the company declined and down at 24.8% during FY24, from 42.7% during FY23. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.
Return on Assets (ROA): The ROA of the company declined and down at 15.0% during FY24, from 27.0% during FY23. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-23* | 12 Mar-24* | |
---|---|---|---|
Current ratio | x | 3.1 | 5.4 |
Debtors’ Days | Days | 298 | 429 |
Interest coverage | x | 6.3 | 51.5 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 27.0 | 15.0 |
Return on equity | % | 26.9 | 18.8 |
Return on capital employed | % | 42.7 | 24.8 |
To see how ARCHEAN CHEMICAL has performed over the last 5 years, please visit here.
Over the last one year, ARCHEAN CHEMICAL share price has moved up from Rs 582.3 to Rs 611.5, registering a gain of Rs 29.3 or around 5.0%.
Overall, the S&P BSE SENSEX is up 22.2% over the year.
(To know more, check out historical annual results for ARCHEAN CHEMICAL and quarterly results for ARCHEAN CHEMICAL)
ARCHEAN CHEMICAL currently trades at Rs 680.2 per share. You can check out the latest share price performance of ARCHEAN CHEMICAL here...
The revenues of ARCHEAN CHEMICAL stood at Rs 13,734 m in FY24, which was down -7.5% compared to Rs 14,843 m reported in FY23.
ARCHEAN CHEMICAL's revenue has grown from Rs 6,170 m in FY20 to Rs 13,734 m in FY24.
Over the past 5 years, the revenue of ARCHEAN CHEMICAL has grown at a CAGR of 22.1%.
The net profit of ARCHEAN CHEMICAL stood at Rs 3,190 m in FY24, which was down -16.6% compared to Rs 3,826 m reported in FY23.
This compares to a net profit of Rs 1,882 m in FY22 and a net profit of Rs 666 m in FY21.
Over the past 5 years, ARCHEAN CHEMICAL net profit has grown at a CAGR of NaN%.
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of ARCHEAN CHEMICAL reveals:
Here's the cash flow statement of ARCHEAN CHEMICAL for the past 5 years.
(Rs m) | FY20 | FY21 | FY22 | FY23 | FY24 |
---|---|---|---|---|---|
From Operations | 1,476 | 1,191 | 3,145 | 4,961 | 3,794 |
From Investments | -1,967 | -18 | -1,101 | -2,903 | -3,073 |
From Financial Activity | 264 | -1,103 | -2,237 | -2,120 | -326 |
Net Cashflow | -228 | 70 | -193 | -62 | 395 |
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of ARCHEAN CHEMICAL reveals:
Here's the ratio/financial analysis of ARCHEAN CHEMICAL for the past 5 years.
FY20 | FY21 | FY22 | FY23 | FY24 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 24.3 | 35.4 | 41.3 | 44.0 | 34.8 |
Net Profit Margin (%) | -6.0 | 9.0 | 16.6 | 26.5 | 24.0 |
Debt to Equity Ratio (x) | 142.1 | 11.4 | 3.2 | 0.0 | 0.0 |
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