The Success Formula: Alkyl Amines Unbottled 12,519.32% Returns
If you had invested ₹1 lakh in Alkyl Amines, then you could have had ₹1.26 crores today! This chemical multibagger has grown by 12,519.32% in 10 years. Here’s a quick peek at the company.
⚗️ Stock: Alkyl Amines Chemicals Ltd.
⚗️ NSE: $ALKYLAMINE
🧪 About The Company
The company manufactures aliphatic amines such as monoethyl amine, diethylamine, mono-cyclohexyl amine, di-cyclohexyl amine, N–butyl amine, and other derivatives of speciality chemicals and pharma excipients.
It shares a duopoly with Balaji Amines and is one of the largest manufacturers of aliphatic amines in India. Duopolies take shape when there is a mutual understanding between companies on how pricing and market share will be determined for mutual benefit.
Alkyl Amines Chemicals was incorporated in 1979 with the idea of making India self–sufficient in aliphatic amines. The first plant was commissioned in 1982 at Patalganga to make ethylamine and cyclohexylamines. The production capacity was expanded in 1986 in the existing plant and another plant was added in 1992 to make inter alia methylamines. Alkyl Amines Chemicals is a global supplier of amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical and water treatment industries among others.
🔍 COVID: A Blessing In Disguise
The company benefited from the closure of Chinese chemical companies, especially amine producers, during the COVID wave. Alkyl Amines is a leading player and the first and largest manufacturer of aliphatic amines in India. They also lead the R&D in this sector.
📈 Growth Potential
▪️ The company has shown a great profit growth of 66.24% and a good revenue growth of 22.15% in the past 3 years.
▪️ It has significantly decreased its debt by ₹39.03 crores and is now almost debt-free.
▪️ The company has been maintaining healthy ROE of 39.28% in the past 3 years.
▪️ It has a high promoter holding of 72.03%.