Ashok Alco-Chem Ltd
ASHO

Ashok Alco-Chem Ltd (524594)

₹75.054.4%

Key Stats

₹75
Day's Price Range
₹77.9
₹62
52-Week Price Range
₹119
1 Month Return3.97 %
3 Month Return2.95 %
1 Year Return-14.86 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 153
22.1
EPS
Rank 204
₹3.44
BVPS
Rank 153
₹89.82
Dividend Yield
Rank 110
0.67%
ROE
Rank 610
-0.93%
Price To Book Ratio
Rank 35
0.84
Debt To Asset
Rank 235
0.3

Company Information

Promoted by the Kadakia family Ashok AloChem forms part of the Ashok Organics group. It acquired a distillery to manufacture industrial alcohol and an acetic acid plant set up by Ashok Organic Industries the flagship of the group for the specific purpose of handing it over to the company on 1 Apr.93. Its entire production of industrial alcohol is used captively to manufacture alcoholbased chemicals including acetic acid. Acetic acid known as a universal solvent finds application in a variety of industries such as textiles food processing dyes plastics paper bulk drugs and pharmaceuticals. Ashok AloChems reputed customers include ColourChem India Indian Dyestuff Reliance Industries E Merck and Vinyl Chemicals.In 199495 the company commissioned a biogas effluent treatment plant to produce methane gas in technical collaboration with Aqua Technos Bangkok and modernised its distillery. The modernisation involved a change from the batchprocessing to the continuous fermentation process which enhanced the yield per tonne of molasses by 20. The projects were financed partly by a public issue in May 94.The capacities of both units have been increased by 50 the distillery to 1 cr ltr and acetic acid to 9000 tpa. Ashok AloChem now plans to further expand the capacity of acetic acid by 5000 tpa produce extraneutral alcohol ENA at the distillery and set up a plant to manufacture downstream products from acetic acid. It proposes to set up a plant to manufacture highvalueaddition dyeintermediates. Companys expansion Acetic Acid Unit Ester Unit has been sucessfully commissioned in March99. Demand for acetic acid and ester at home and abroad is expected to be stable company is hopeful about performance of 19992000 will give better results.During the year 200001 capacity utilisation of acetic acid plant cound be marginally augmented to 64 . Realisations during the year also remained better than those of the previous year.However the realisation from the downstream products have not been commensurate with the prices of acetic acid. The company is hopeful to revert back to the profitable operations during the next financial year.
OrganisationAshok Alco-Chem Ltd
HeadquartersMumbai
IndustryChemicals