Advanced Enzyme Technologies Ltd

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NSEBSE

381.60-4.20 (-1.09%)

02:09 PM,5th Mar 2024

381.00-4.55 (-1.18%)

02:24 PM,5th Mar 2024

BSE : 540025

NSE : ADVENZYMES

Sector : Health care

ISIN Code : INE837H01020

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Last Updated: Mar 05 2024 | 02:24 PM IST

Market Cap (₹ Cr)

4266

Turnover (₹ Cr)

0.39

Volume (Shares)

103244

Face Value

2

52-WK High

425.15

52-WK High Date

15 Feb 2024

52-WK Low

225.00

52-WK Low Date

28 Mar 2023

All Time High

503.70

All Time High Date

19 May 2021

All Time Low

98.10

All Time Low Date

23 Mar 2020

Advanced Enzyme Technologies Ltd

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 Extra-Ordinary 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 Extra-Ordinary 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 Cal-India 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 paid-up share capital of JCB. In view of this JCB became subsidiary with effect from December 1 2016.The sub-division 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 company's shareholders on May 04 2017 through a Postal Ballot. The `Record Date' for the purpose of ascertaining the shareholders entitled to receive the said sub-divided equity shares was fixed by the Board as May 26 2017. Subsequently the company issued five (5) sub-divided 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 paid-up 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 wholly-owned 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 company's business in European Market. The company's 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 step-down subsidiary (100%) of the company.On 3 October 2017 the company's 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 JCB's 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 R&D 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.

Advanced Enzyme Technologies Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

4266

EPS - TTM (₹) [S]

10.95

P/E Ratio (X) [S]

7.68

Face Value (₹) 2
Latest Dividend (%)50.00
Latest Dividend Date 04 Aug 2023
Dividend Yield (%) 0.26
Book Value Share (₹) [S]49.71
P/B Ratio (₹) [S]7.68
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.01 254 0.01
Groww Nifty Total Market Index Fund-Direct (G) 0.01 254 0.01

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

380.60

386.40

Week Low/High

380.20

405.00

Month Low/High

367.00

425.00

Year Low/High

225.00

425.00

All time Low/High

91.05

504.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-4.06%-4.07%0.920.73%
1 Month0.41%0.37%2.832.71%
3 Month15.92%15.76%6.457.22%
6 Month18.22%18.09%12.1414.23%
1 Year39.96%39.99%23.3327.09%
3 Year9.54%9.47%46.3449.69%

Company Info

Company Information

Whole-time director : MUKUND MADHUSUDAN KABRA

Independent Director : KEDAR JAGDISH DESAI

Chairman (Non-Executive) : VASANT RATHI

Independent Director : Pramod Kasat

Company Sec. & Compli. Officer : Sanjay Basantani

Independent Director : Rajesh Kumar Sharma

Non-Exec & Non-Independent Dir : Rasika Rathi

Independent Director : Vindokumar Hiralal Jajoo

Non-Exec & Non-Independent Dir : Sunny Sharma

Independent Director : Rajshree Patel

Independent Director : NITIN JAGANNATH DESHMUKH

Independent Director : Vandana Tilak.

Registered Office: Sun Magnetica 5th Floor, Nr LIC Serivce Road Louiswadi,Thane,Maharashtra-400604 Ph: 91-22-41703200

Email:info@advancedenzymes.com

URL:http://www.advancedenzymes.com