The company offers a variety of lubricants. Its products are American Petroleum Institute certified. Its offerings include GOLD TURBO PLUS, GOLD XTRA, GOLD Regular, HIDRIVE SUPREME, and ATTOCK Gear Oil EX Series. The company also partners with different organizations in developing multi-fuel retail outlets. These partnerships include Askari CNG (AWT), CAA, and CDA.
Strengths
Despite the weak volumes of the past two years, APL has shown signs of revival in 1QFY22. This is thanks to a rebound in industrial and agricultural output, and continued restrictions on cross-border smuggling. However, the weak demand is not the only concern. The company also faced losses on inventory due to lower prices in the domestic market.
The report also provides an overview of the corporate strategy and goals, as well as an evaluation of its key IT initiatives and legal issues. It also outlines the key deals and developments that the company has undertaken. Additionally, it provides a SWOT analysis of the company’s strengths and weaknesses and how they compare to the industry’s average.
The company offers a variety of lubricants that are certified by the American Petroleum Institute. These include GOLD TURBO PLUS, GOLD XTRA, GOLD Regular, HIDRIVE SUPREME, and ATTOCK Gear Oil EX Series. It has also partnered with other organizations to develop multi-fuel retail outlets. These partners include AWT, CAA, and CDA.
Another key strength for APL is its gross margin. The company’s profit margins rose 4.1 times in FY20, despite the challenging market conditions. Higher oil prices and higher volumes helped boost APL’s gross profit margins. The company also recorded lower costs, including financing costs, and an increase in other income.
The company’s current valuation is low. In fact, its average valuation in the past five years is low. Despite this, APL remains in a better position than OMC, which had lost its market share in all three of its main petroleum products. APL’s low valuation makes it an attractive investment for investors.
Weaknesses
Despite recent improvements in the volume of petroleum products, Attock Petroleum Limited faces numerous challenges. In addition to the decline in crude oil prices, the company’s margins are also not attractive. During FY19, the company reported lower earnings owing to inventory losses and depreciating rupee.
The company’s main strengths include its high asset quality, strong and stable cash flow position, and a stable balance sheet. It also has a stable pay-out ratio and unlevered balance sheet. These factors have helped APL to remain profitable and reduce volatility in the past.
The report also outlines the company’s strategic initiatives and financial performance. In addition, it provides a SWOT analysis, which analyzes a company’s strengths, weaknesses, opportunities, and threats. It also provides an overview of the company’s business strategy and major products and services.
The company offers various lubricants that are American Petroleum Institute-certified. These include GOLD TURBO PLUS, GOLD XTRA, HIDRIVE SUPREME, and ATTOCK Gear Oil EX Series. In addition, APL has partnered with various organisations to develop multi-fuel retail outlets across the country. It also supplies lubricants for the agriculture sector, FMCG companies, and government entities.
While the bottom line for APL improved in FY18, the company’s earnings per share declined compared to the year before, mainly due to higher oil prices and reversals of financial assets. However, its operating and net profits increased significantly during the quarter, despite the decline in the topline. This improvement was attributed to increased volumes and furnace oil recovery.
Recent dividends
Attock Petroleum Limited (APL) is an oil marketing company based in Pakistan. It distributes a wide range of petroleum products through its network of 367 retail outlets and on a contract basis to other companies. During the 2007-2008 oil crisis, its distribution of Premium Motor Gasoline increased substantially, due to a shortfall in supply. Later, it began supplying jet fuel to the Pakistan Air Force and the Army.
Growth strategies
The report provides an overview of Attock Petroleum Limited’s strengths and weaknesses, as well as its recent business developments and key growth strategies. It also examines the company’s legal issues and corporate goals. Moreover, it details the company’s key IT initiatives and CIO/CTO profile. It also provides the company’s financial information and highlights recent deals it has made.
In FY19, Attock Petroleum Limited (APL) experienced a difficult time, as the rupee depreciated and crude oil prices fell. This adversely affected the sector. Companies suffered inventory losses and large exchange losses, which weighed on their profitability. As a result, APL’s top line grew by 26 percent, but its volumes fell by 11 percent mainly because of furnace oil, while its earnings dipped by 30 percent.
In FY20, Attock Petroleum Limited (APL) suffered a rough year, but in FY21, it managed to turn things around. The company saw its revenues grow by more than four times, and its profits grew by nearly seven times year-over-year. This growth was largely fueled by the reversal of other charges, as well as higher exchange losses.
