Alkyl amines Chemical ltd - I always accumulate in correction because
1- company with MCAP of around 3600 Cr and 12 production plants
2- continuously increasing capacity and now debt is reducing with increase in reserve
3-maintaining ROE and ROCE more then 20%

4-promoters holding 74.19 , MF increasing their holdings ( both Kotak and HDFC )

5-Global supplier of amine and amine based chemical to pharma , agrochemical ,rubber chemicals and water treatment products
It’s major consumer industry is API ( pharmaceuticals) almost 60% and then agrochemicals, both segment will grow I think .

6-it’s methylamine capacity utilisation is around 80-85% ( nov 2019 ) with total capacity of 30000 Tonnes and company will debottleneck plant and addition capacity of 15000 Tonnes will be available for production.

7 Methylamine used As an intermediate for production of agricultural chemicals, such as herbicides, biocides, insecticides, etc. in pharma it’s used to make ephedrine , theophylline, caffeine , trimethoprim, Ranitidine, metformin)

8-As a raw material or catalyst in making other chemicals with catalytic activity.
As a building block in production of some surfactants.

9-ethylamine - ethyl alcohol is raw material and used in very commonly used pharmaceuticals like riboflavin , xylocaine , lignocaine, ampicillin, amoxicillin, cephalexin,metoprolol, and many more uses .

10-both methyl and ethyl amine and it’s derivatives commonly used in insecticide, herbicides, fungicide , pesticide , animal feeds
11-Acetonitrile- used as a solvent - Debottlenecking is going on to increase the capacity because of demand .
Please add anything which I missed

Dimethylammonium Chloride - one of the largest producers- it is used for most commonly used anti diabetes medicine - metformin.

Only advice buy only in corrections not at this levels.

Alkyl amine Concall updates
1-methylamine and acetonitrile expansion is going on , little delayed due to covid
2-fy 19-20 capex was 80 Cr and fy 20-21 capex will be 170 Cr
3-Average capacity utilisation in fy 19-20 -around 80-85%

4-Acetonitrile current capacity in kurkumbh plant is 40 tonnes per day and upcoming dahej plant will be 15000-16000 TPA and expected revenue with current acetonitrile price with full capacity utilisation - around 300-350 Cr

5- Raw material (ammonia, acetic acid , methanol and ethanol )prices at subdued levels and presently also at lower levels .
6-better margins in last q because of lower raw material price and better product mix .

7-Annual breakup in terms of sales -pharma 50%, agrochemicals 15-20%,rubber chemicals 5-10% ,rest other segments ,
8-Export 15-20%,rest is domestic sell .
9-With methylamine capex company expects 150 Cr revenue at full utilisation .

Alkyl amines - good results.

Alkyl amines - Another good result