Advanced Enzyme Technologies Ltd
Advanced Enzyme Technologies Ltd (ADVENZYMES)

Advanced Enzyme Technologies Ltd (ADVENZYMES)

₹2680.51%

Key Stats

₹264.75
Day's Price Range
₹275.85
₹258.4
52-Week Price Range
₹421.5
1 Month Return0.26 %
3 Month Return1.46 %
1 Year Return-29.87 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 177
30.26
EPS
Rank 153
₹8.9
BVPS
Rank 144
₹97.37
Dividend Yield
Rank 156
0.26%
ROE
Rank 223
11.9%
Price To Book Ratio
Rank 150
2.76
Debt To Asset
Rank 296
0.15

Company Information

Advanced Enzyme Technologies Limited AETL is largest Indian enzyme company that has transformed business globally in the manufacturing of enzymes by improving the fundamentals based on research and technology. The Company is engaged in the research and development manufacturing and marketing of over 400 proprietary products developed from over 68 indigenous enzymes and probiotics. It has manufacturing facilities and research development centers across India Germany and the US. Advanced Enzyme Technologies Limited AETL was incorporated as a Private Limited Company on March 15 1989 under the provisions of the Companies Act 1956 as Advanced Biochemicals Private Limited in Maharashtra. Pursuant to a Special Resolution passed by the Shareholders of the Company at the ExtraOrdinary General Meeting held on April 21 1992 the Company was converted into a Public Limited Company and consequently name of the Company got changed to Advanced Biochemicals Limited. A fresh Certificate of Incorporation reflecting the new name was issued by the Registrar of Companies Maharashtra on May 28 1992. Pursuant to a Special Resolution passed by the Shareholders of the Company at the ExtraOrdinary General Meeting held on August 8 2005 name of the Company was further changed from Advanced Biochemicals Limited to Advanced Enzyme Technologies Limited. A fresh Certificate of Incorporation reflecting the new name was issued by the Registrar of Companies Maharashtra Mumbai on August 19 2005.In 2011 the company took over CalIndia Foods International giving the company direct presence in USA.In 2012 the company took over Advanced Supplementary Technologies Corporation for consolidating its presence in USA.Advanced Enzyme Technologies Limited came out with its Initial Public Offer IPO of 4594875 Equity shares of Rs 10 each at an issue price of Rs 896 per Equity share Rs 810 per Equity share for eligible employees consisting of fresh issue of 560405 Equity shares and an Offer for Sale of 4034470 Equity shares by Selling Shareholders. The IPO was open for subscription during the period from 20 July2016 to 22 July 2016. The said offer was overall subscribed 82.06 times. The equity shares of Advanced Enzyme Technologies Limited were listed on National Stock Exchange of India Limited NSE and BSE Limited BSE on 1 August 2016 at an opening market price of Rs 1210 on both the exchanges compared with the IPO price of Rs 896 per share.During the financial year ended 31 March 2017 Advanced Enzyme Technologies Limited acquired 1.43 crore equity shares at Rs 35 per share of JC Biotech Private Limited JCB aggregating to Rs 50.08 crore 70 of the paidup share capital of JCB. In view of this JCB became subsidiary with effect from December 1 2016.The subdivision of equity shares of the company from face value of 10 each to face value of 2 each Stock Split and consequent alteration in Capital Clause of Memorandum of Association of was approved by the companys shareholders on May 04 2017 through a Postal Ballot. The Record Date for the purpose of ascertaining the shareholders entitled to receive the said subdivided equity shares was fixed by the Board as May 26 2017. Subsequently the company issued five 5 subdivided equity shares of 2 each in lieu of one 1 equity share of 10 each to the eligible shareholders of the company.On 3 July 2017 Advanced Enzyme Technologies completed the acquisition of 200000 equity shares of MYR 1 Malaysia Ringgit each aggregating to MYR 200000 equivalent to approx. 3134000 of AEM i.e. 80 of paidup share capital of AEM. The company also subscribed to right issue of 150000 Equity Shares at MYR 1 per share of AEM aggregating to MYR 150000 equivalent to 2602500 on 13 March 2018. On 20 March 2018 the company completed the acquisition of remaining stake i.e. 50000 equity shares of face value of MYR 1 each of AEM. The said acquisition was made at face value for a total consideration of MYR 50000 equivalent to 867800. In view of the above AEM has become a whollyowned subsidiary of the company effective from March 30 2018.Advanced Enzyme Technologies incorporated a wholly owned subsidiary Advanced Enzymes Europe BV AEE with issued share capital of Euro 2 Million 2000000 equity shares of EUR 1 each equivalent to approx. Rs 149.84 Million in Netherlands on July 11 2017 mainly to expand your companys business in European Market. The companys wholly owned subsidiary Advanced Enzymes Europe BV completed the acquisition of 100 stake in evoxx technologies GmbH evoxx for a consideration of 6.57 million on August 15 2017. In view of above evoxx become a stepdown subsidiary 100 of the company.On 3 October 2017 the companys subsidiary Advanced Supplementary Technologies Corporation ASTC acquired certain assets and liabilities of Biomedic Labs LLC USA for a purchase consideration of USD 750000. The company has accounted for goodwill of USD 630000 equivalent to Rs. 40.98 Million on consolidation. During the financial year ended 31 March 2018 Advanced Enzyme Technologies subscribed to right issue of 189000 equity shares of 10 each at a premium of 27 per equity share aggregating to 6993000 of JC Biotech Private Limited JCB. The shares have been duly allotted on January 31 2018. The purpose of Right Issue was mainly to meet the capital operational expenditure of JCB. As the Right Issue was offered subscribed by JCBs existing shareholders in proportionate to their respective shareholding in JCB the shareholding of Advanced Enzyme Technologies in JCB remains same i.e. 70.As on March 31 2019 the Company had 11 subsidiaries.As on March 31 2020 the Company had 11 subsidiaries.As on March 31 2021 the Company had 12 subsidiaries. In January 2021 it completed the acquisition of controlling stake of 51 in SciTech Specialities Private Limited SSPL India a contract manufacturing company specializing in effervescent granules and tablets with 2 manufacturing facilities and 1 RD unit which became a subsidiary of Company effective from January 11 2021. On 29 May 2021 Company acquired additional stake of 15 from existing shareholders of JC Biotech Private Limited JCB at a consideration of Rs. 211.25 Million.
OrganisationAdvanced Enzyme Technologies Ltd
HeadquartersThane
IndustryChemicals