Alkyl Amines share price target 2022, 2023, 2024, 2025, and 2030: In this article, you will learn about Alkyl Amines share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.
For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear to you, in this article we have mentioned Alkyl Amines share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals of the company.
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Alkyl Amines: Company Profile
Alkyl Amines Chemicals Limited is a global supplier of amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical & water treatment industries, among others. Alkyl’s commitment to customer satisfaction by delivering quality products and services has helped it to become one of the world’s leading amine manufacturers. The Company is in the business of manufacturing and marketing various aliphatic amines, amine derivatives, and other specialty chemicals for the last 30 years.
It has three manufacturing sites with 12 production plants and related utilities at Patalganga and Kurkumbh in Maharashtra and Dahej in Gujarat. The company has an R&D center at Hadapsar, Pune. Over the last decade, the company had added various new product processes which were developed in the R&D to expand its product range through in-house technology.
The first plant was commissioned in 1982 at Patalganga to make ethyl amines with technology from Leonard Process Company, USA. Subsequently, the capacity at the site was expanded to manufacture other amines with the technical know-how of Acid Amines Technologies, USA, and now hosts 2 multipurpose amines plants with a capacity exceeding 25000 MT/annum.
In 1995 it started on its Kurkumbh complex where various amines and amine derivatives are currently being manufactured in 9 production plants with a capacity exceeding 70000 MT/annum. In 2018 it started on its Dahej site where amines are currently being manufactured in 1 production plant with a capacity exceeding 35000 MT/annum. In the last two decades, the company has added various facilities to manufacture a wide range of specialty chemicals with its in-house developed technologies.
AACL is a global supplier of amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical, and water treatment industries, among others. It has established a leading position in the domestic market and presence in the international market with a reputation for reliable service and quality products with annual sales of Rupees 965 Crores.
Alkyl Amines Share Holding Pattern
Alkyl Amines Net Sales
Alkyl Amines Net Profit
Alkyl Amines Share Price Target 2022
The Company has established a leading position in the domestic market and a presence in the international market with a reputation for reliable service and quality products. For the year 2021-22, Alkyl Amines focus will continue on sustainable growth by taking measures for increasing its market share of existing products.
Increased competition from global and domestic players is putting pressure on sales prices. An increase in prices of certain raw materials also put pressure on contribution. However, with the global growth of chemicals focused more on Asia, it is expected that there will be further growth in the chemical industry.
With the growing demand for Company’s products, the Board has approved the investment of approximately ` 350 crores for enhancement of capacity for Aliphatic Amines at Kurkumbh and Patalganga sites in Maharashtra. The capacity will be added in the next 15 to 18 months. During the year 2021-22, Alkyl Amines expects its investments in various other projects to add to both its topline and bottom line.
Alkyl Amines will continue with its efforts for improving its bottom line by expanding its product range while re-looking at business strategies and models, wherever necessary. Alkyl Amines will continue its efforts for improving efficiencies and margins. By considering all these factors, Alkyl Amines share price target for 2022 is Rs 3,410.
|Alkyl Amines share price target 2022|
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Alkyl Amines Share Price Target 2023
The Chemical Industry is critical for the economic development of our country providing products and enabling technical solutions in virtually all sectors of the economy. The demand for Alkyl Amines products is steadily increasing both in India and abroad. Key drivers for success in the chemical sector include proximity to strong growth markets, greater ease in doing business, and the continued development of petroleum, chemicals, and petrochemical investment.
Alkyl Amines is ready to take on the challenges of increased demand by continuously adding capacities, adding new products, and investing in the up-gradation of its manufacturing capacities. The in-house R&D department has been developing quality products and is also striving for achieving cost efficiencies.
The industries in which its products have an application, like pharmaceuticals, agrochemicals, rubber chemicals, etc. are growing at a reasonable pace. Alkyl Amines have a fair chance of improving its position as a reliable supplier of good quality chemicals to these industries. Alkyl Amines Core Competence in chemical handling and manufacturing supported by an able technical team should provide a lot of opportunities and scope to the company to improve its performance. Alkyl Amines enjoy a leadership position in some of the products in the domestic market, driven by strong in-house technology, diversified product portfolio, and customer base.
The commodity nature of some of its products makes them susceptible to fluctuations in raw material prices and exchange rates. Petroleum-based raw materials are subject to international gas/crude oil price fluctuation. Being a global player, Alkyl Amines is also exposed to competition not only from domestic players but also large international players.
Cheap imports have posed problems, which are being addressed by consistency in the quality of the products and improving production efficiencies, and also by initiating anti-dumping investigations. By considering all the above-mentioned factors, Alkyl Amines share price target for 2023 is Rs 3770.
|Alkyl Amines share price target 2023|
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Alkyl Amines Share Price Target 2024
During the year 2020-21, Alkyl Amines enhanced the production capacity of Methylamines at Dahej and the capacities of the DMAHCL powder plant and Hydrogenation plant at Kurkumbh. A new Acetonitrile project is under execution at Dahej and Alkyl Amines expects to start commercial production in the third quarter of 2021-22.
Alkyl Amines new Projects for the financial year 2021-22 include:
- Setting up a new Amines plant with utilities at Kurkumbh.
- Setting up of new Solar Plant of 3.0 MW in western parts of Maharashtra.
- Some Capex projects for upgrading the equipment and expansion of capacities, at all production sites.
Changing consumption patterns, increasing sedentary lifestyles & deskbound work cultures, and improper habits of consumers, such as excessive consumption of alcohol, cigarettes & tobacco, have led to an increased prevalence of lifestyle disorders such as diabetes, blood pressure, and cholesterol, among others.
The growing demand for amines as intermediates in manufacturing analgesic drugs, such as morphine, lidocaine & novocaine, and as recreational drugs to relieve pain & treat various health disorders, such as acidity and gastrointestinal disorders, is expected to propel the amines market growth over the forecast period.
The global amines market from the pharmaceutical application was valued at over USD 4.5 billion in 2020 and is expected to register significant gains at a CAGR of over 9% during the forecast timeframe.
Moreover, different types of ethyl amines, such as triethylamine and diethylamine, find applications in manufacturing various drugs & pharmaceutical formulations, such as remdesivir, hydroxychloroquine, and favipiravir, and are used to treat COVID-19. An exponential increase in the number of COVID-19 cases across the world is likely to dramatically escalate the demand for amines from the pharmaceutical sector. By considering all the opportunities Alkyl Amines has to grow its business in the future, Alkyl Amines share price target for 2024 is Rs 4,120.
|Alkyl Amines share price target 2024|
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Alkyl Amines Share Price Target 2025
- Amines are majorly used in the pharmaceutical industry. It contains a ring-like structure known as the aryl group which is majorly seen in pharmaceuticals such as antipsychotic aripiprazole cholesterol-lowering rosuvastatin, local anesthetic lidocaine, anticancer drug imatinib and is also used as solvents and catalysts in various drug manufacturing.
- According to IQVIA Institute for Human Data Science, the global pharmaceutical market reached a value of USD 1.2 trillion in 2018. The market is expected to register at a CAGR of 4-5% during the forecast period. North America is partly responsible for the largest portions of the revenue, due to the leading role of the United States pharmaceutical sector.
- Asia-Pacific and North America are the dominant regions in the amines market. In Asia-Pacific, China occupies the largest share, followed by India, while regarding the growth rate, India is expected to witness the fastest growth.
- The amines market is growing in the pharmaceutical industry, due to increasing awareness regarding health issues, etc.
- All the aforementioned factors are likely to increase the demand for amines over the forecast period.
The global ethanolamines market was valued at over USD 6 billion in 2020 and is expected to witness healthy growth at a CAGR of 7.5% from 2021 to 2027. This high demand for ethanolamines in 2020 was attributed to their remarkable properties, such as excellent surfactant properties, emulsification, bleach activation solvency, and good chelation, which make them an ideal fit for use in different end-use applications.
The global monoethanolamine business was valued at over USD 3 billion in 2020 and is expected to grow at a CAGR of around 8.5% over the forecast period. The ability of monoethanolamines to maintain the optimum pH level of the soil coupled with the rising demand for agrochemicals and advanced technology in agriculture is likely to augment the amines market share.
The global triethanolamine market was valued at over USD 1.1 billion in 2020 and is expected to witness considerable growth at a CAGR of 7.5% over the assessment period.
Moreover, the remarkable surfactant properties of triethanolamine, growing consumer demand for luxury and premium cosmetic & personal care products, and stringent regulations of the European Commission prohibiting the use of diethanolamine in cosmetic products to reduce the adverse effects of carcinogenic nitrosamines will result in an exponential increase in the demand for triethanolamine over the forecast period.
By considering all the above-mentioned factors, we can clearly say that Amines play an important role in the pharmaceutical industry and Alkyl Amines have a lot of opportunities to grow their business to new highs in the coming years. By considering this data, Alkyl Amines share price target for 2025 is Rs 4,680.
|Alkyl Amines share price target 2025|
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Alkyl Amines Share Price Target 2030
- Asia-Pacific has become the largest consumer, as well as one of the largest producers of amines. The production has reached such high levels that it has become a major hub for exporting of cosmetics and personal care products to developed nations, such as the United States, the United Nations, and Spain.
- The tier-2 markets, such as South Korea, are expected to witness a rapid rise in the demand for personal care products. Moreover, China and India are also likely to experience good opportunities in the personal care market.
- Increasing awareness about the advantages of multi-functional personal care products is expected to boost the demand for amines during the forecast period.
- Overall, the market share of Asia-Pacific in the personal care industry (including cosmetic products, and others) is growing significantly and is likely to follow the same trend during the forecast period, driving the overall market for amines in the region.
Global Amines Market size was over USD 17 billion in 2020 and is estimated to grow at a CAGR of 8% from 2021 to 2027. The increasing adoption of modern agricultural practices and growing awareness among farmers regarding the importance of increasing crop yield per hectare of the cultivable land area is likely to raise the demand for agrochemicals, in turn, escalating product demand.
Rising demand for paints & coatings from the construction sector owing to increasing residential construction & infrastructural development activities across the globe is expected to boost the product demand during the forecast period. Moreover, growing consumer awareness of the importance of presentable looks in both personal and professional spaces is likely to raise the demand for high-end cosmetic and personal care products. By considering all the above-mentioned factors and the increase in consumption of Amines, Alkyl Amines share price target for 2030 is Rs 8,100.
|Alkyl Amines share price target 2030|
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Alkyl Amines Share Price Target 2022, 2023, 2024, 2025, and 2030
|Year||Share Price Target|
|Alkyl Aminess share price target 2022||Rs 3,410|
|Alkyl Aminess share price target 2023||Rs 3,770|
|Alkyl Aminess share price target 2024||Rs 4,120|
|Alkyl Aminess share price target 2025||Rs 4,680|
|Alkyl Aminess share price target 2030||Rs 8,100|
Frequently Asked Questions
Is Alkyl Amines a good investment?
Yes, Alkyl Amines is a good investment for the long term, the company is very strong in terms of financials and fundamentals. In fact, the global Amines Market size was over USD 17 billion in 2020 and is estimated to grow at a CAGR of 8% from 2021 to 2027, which is a big advantage for Alkyl Amines to grow its business in the future.
Is Alkyl Amines good for long term?
Yes, Alkyl Amines is good for the long term. The company has shown a good profit growth of 66.24% over the past 3 years, the company has shown a good revenue growth of 26.33% for the past 3 years, and the company has significantly decreased its debt by 39.03 Cr.
Can I buy Alkyl Amines share?
Yes, you can buy Alkyl Amines share as it is one of the best companies in the chemical sector, which has a huge scope to grow in the future. The company has been maintaining healthy ROE of 39.28% over the past 3 years, Company has been maintaining a healthy ROCE of 43.75% over the past 3 years, and the Company has been maintaining an effective average operating margin of 23.25% in the last 5 years.
Alkyl Amines share price target?
Alkyl Amines share price target for 2022 is Rs 3,410, for 2023 is Rs 3,770, for 2024 is Rs 4,120, for 2025 is Rs 4,680, and for 2030 is Rs 8,100.