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Fundamental Analysis of Aarvee Denims & Exports Ltd

About the Company - Aarvee Denims & Exports Ltd

Aarvee Denims and Exports Ltd. is a Public Limited Listed company incorporated on 28/03/1988 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17110GJ1988PLC010504 and registration number is 010504. Currently company belongs to the Industry of Textiles - Denim. Company’s Total Operating Revenue is Rs. 421.06 Cr. and Equity Capital is Rs. 23.46 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Denim191, Moje Shahwadi, Narol-Sarkhej Highway, Ahmedabad Gujarat 382405cs@aarvee-denims.com
http://www.aarvee-denims.com
Management
NamePosition Held
Mr. Vinod P AroraChairman & Managing Director
Mr. Ashish V ShahManaging Director
Mr. Nipun AroraWhole Time Director
Mr. Kalpesh V ShahWhole Time Director
Mr. Sanjay S MajmudarIndependent Director
Mr. Ashok C GandhiIndependent Director
Mr. Amol R DalalIndependent Director
Ms. Aarti ThakkarIndependent Director

Aarvee Denims and Exports Ltd. Share Price Update

Share PriceValue
Today₹25.34
Previous Day₹24.95

Basic Stock Data of Aarvee Denims & Exports Ltd

Market Cap 56.7 Cr.
Current Price 24.2
High / Low30.5/16.2
Stock P/E
Book Value 12.7
Dividend Yield0.00 %
ROCE10.5 %
ROE71.2 %
Face Value 10.0

Aarvee Denims & Exports Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales4485136801181171121085548501025
Expenses4184154781241191131076661552131
Operating Profit32-173-7-2-11-11-13-5-11-6
OPM %6%2%-13%3%-6%-2%-1%1%-20%-28%-10%-102%-25%
Other Income55245114600002
Interest14141212111010101112131012
Depreciation8877766777563
Profit before tax-13-15-35-13-19-18-2-9-29-32-23-27-18
Tax %13%63%37%77%35%21%-421%-11%39%31%32%31%29%
Net Profit-12-6-22-3-12-14-12-10-17-22-15-19-13
EPS in Rs-4.97-2.42-9.34-1.22-5.27-5.98-5.19-4.28-7.40-9.47-6.58-7.92-5.53

Aarvee Denims & Exports Ltd Quarterly Chart

Aarvee Denims & Exports Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales661723685746841844827752565265421261133
Expenses578601609679764772747669529285431289168
Operating Profit8412376667772808236-20-10-28-35
OPM %13%17%11%9%9%9%10%11%6%-7%-2%-11%-26%
Other Income1223-1233-0122573
Interest37383935373843495351434647
Depreciation26313331313333343828252521
Profit before tax2256638362-56-87-54-92-100
Tax %37%20%50%95%17%35%12%37%24%27%24%30%
Net Profit1445307261-42-64-41-65-69
EPS in Rs5.9819.191.360.083.000.752.390.46-17.87-27.36-17.66-27.73-29.50
Dividend Payout %0%3%0%0%0%0%0%0%0%0%0%0%

Aarvee Denims & Exports Ltd Profit & Loss Yearly Chart

Aarvee Denims & Exports Ltd Growth

Compounded Sales Growth
10 Years::-10%
5 Years::-21%
3 Years::-23%
TTM::-66%

Aarvee Denims & Exports Ltd Growth

Compounded Profit Growth
10 Years::%
5 Years::%
3 Years::-31%
TTM::2%

Aarvee Denims & Exports Ltd Growth

Stock Price CAGR
10 Years::-5%
5 Years::1%
3 Years::23%
1 Year::-6%

Aarvee Denims & Exports Ltd Growth

Return on Equity
10 Years::-9%
5 Years::-22%
3 Years::-40%
Last Year::-71%

Aarvee Denims & Exports Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital23232323232323232323232323
Reserves191234234232240243248250208144103386
Borrowings367384396370382355379434419433413397327
Other Liabilities1231091411451782102682411931108970124
Total Liabilities705750794771825831919949843711629528481
Fixed Assets38439540137236737536338935027423120276
CWIP8802150000110
Investments0000000000000
Other Assets313347393397457451556560492437397324405
Total Assets705750794771825831919949843711629528481

Aarvee Denims & Exports Ltd Reserves and Borrowings Chart

Aarvee Denims & Exports Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4753684775110385165451340
Cash from Investing Activity -82-37-23-11-38-50-19-53594713
Cash from Financing Activity 55-36-50-36-33-63-193-70-42-63-62
Net Cash Flow21-19-4-04-300-112-4-10

Aarvee Denims & Exports Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7469948592104130140152287144174
Inventory Days108157164132127114146189234283204230
Days Payable6255837490109151167167160100109
Cash Conversion Cycle121170175143129109125161219410247295
Working Capital Days100116129112109103130160195362216257
ROCE %11%15%7%6%8%6%8%8%-0%-7%-6%-11%

Aarvee Denims & Exports Ltd Financial Efficiency Indicators Chart

Aarvee Denims & Exports Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters65.80%65.80%65.80%65.80%65.80%65.80%65.80%65.80%65.80%65.80%65.80%65.80%
DIIs2.11%2.11%2.11%2.11%2.11%2.11%2.11%2.10%2.10%2.10%2.10%2.10%
Public32.09%32.09%32.09%32.09%32.10%32.10%32.10%32.10%32.10%32.11%32.11%32.10%
No. of Shareholders10,89310,39510,49910,94210,6919,5459,5299,8509,8229,7879,63410,014

Aarvee Denims & Exports Ltd Shareholding Pattern Chart

No. of Aarvee Denims & Exports Ltd Shareholders

This stock is not held by any mutual fund

Aarvee Denims & Exports Ltd ROCE Trend

Aarvee Denims & Exports Ltd EPS Trend

Aarvee Denims & Exports Ltd Key Financial Ratios

MonthMar 20Mar 19Mar 18
FaceValue10.0010.0010.00
Basic EPS (Rs.)-17.880.462.39
Diluted EPS (Rs.)-17.880.462.39
Cash EPS (Rs.)-1.5214.9516.43
Book Value[Excl.RevalReserv]/Share (Rs.)98.46116.42115.81
Book Value[Incl.RevalReserv]/Share (Rs.)98.46116.42115.81
Revenue From Operations / Share (Rs.)240.70320.36352.54
PBDIT / Share (Rs.)15.2636.2335.28
PBIT / Share (Rs.)-1.0921.7521.24
PBT / Share (Rs.)-23.670.732.72
Net Profit / Share (Rs.)-17.870.462.39
NP After MI And SOA / Share (Rs.)-17.870.462.39
PBDIT Margin (%)6.3411.3110.00
PBIT Margin (%)-0.456.786.02
PBT Margin (%)-9.830.220.77
Net Profit Margin (%)-7.420.140.67
NP After MI And SOA Margin (%)-7.420.140.67
Return on Networth / Equity (%)-18.150.392.06
Return on Capital Employeed (%)-0.6411.1812.30
Return On Assets (%)-4.970.110.61
Long Term Debt / Equity (X)0.610.480.30
Total Debt / Equity (X)1.781.571.39
Asset Turnover Ratio (%)0.620.790.00
Current Ratio (X)1.101.101.05
Quick Ratio (X)0.590.650.65
Inventory Turnover Ratio (X)1.562.220.00
Interest Coverage Ratio (%)0.671.721.90
Interest Coverage Ratio (Post Tax) (%)0.201.021.13
Enterprise Value (Cr.)419.75465.29452.97
EV / Net Operating Revenue (X)0.740.610.54
EV / EBITDA (X)11.725.475.47
MarketCap / Net Operating Revenue (X)0.030.070.12
Price / BV (X)0.080.190.36
Price / Net Operating Revenue (X)0.030.070.12
EarningsYield-2.160.020.05

Aarvee Denims & Exports Ltd Profitability Ratios (%)

Aarvee Denims & Exports Ltd Liquidity Ratios

Aarvee Denims & Exports Ltd Liquidity Ratios (%)

Aarvee Denims & Exports Ltd Interest Coverage Ratios (%)

Aarvee Denims & Exports Ltd Valuation Ratios

Fair Value of Aarvee Denims & Exports Ltd Stock

Fair Value: ₹138.35

The stock is undervalued by 471.69% compared to the current price ₹24.2

*Investments are subject to market risks

Strength and Weakness of Aarvee Denims & Exports Ltd Stock

StrengthWeakness

The stock has a high average ROCE, which is a positive sign.

The stock has a high average Working Capital Days, which may not be favorable.

The stock has a high average Cash Conversion Cycle, which may not be favorable.

The company has higher borrowings compared to reserves, which may suggest financial risk.

The company has not shown consistent growth in sales and profit.

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