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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 514274 | NSE: AARVEEDEN

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

Basic Stock Data of Aarvee Denims & Exports Ltd

Last Updated: July 26, 2024, 11:05 pm

Market Cap 81.5 Cr.
Current Price 34.8
High / Low43.1/20.2
Stock P/E
Book Value 7.33
Dividend Yield0.00 %
ROCE9.65 %
ROE114 %
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Competitors of Aarvee Denims & Exports Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Vinny Overseas Ltd 96.8 Cr. 4.195.62/2.4227.3 1.350.00 %13.0 %12.0 % 1.00
Nandan Denim Ltd 718 Cr. 49.858.0/17.316.0 40.60.00 %11.7 %7.99 % 10.0
Mittal Life Style Ltd 62.7 Cr. 2.123.25/1.4242.4 1.110.00 %2.23 %0.78 % 1.00
Aarvee Denims & Exports Ltd 81.5 Cr. 34.843.1/20.2 7.330.00 %9.65 %114 % 10.0
Industry Average718.00 Cr18.7028.5714.350.00%8.98%6.92%4.00

Aarvee Denims & Exports Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales85.41136.1280.35117.63116.90111.95108.2955.0547.6449.9210.3724.8125.55
Expenses83.63153.5077.65124.18118.84112.72107.0866.2661.0154.7220.9030.9734.72
Operating Profit1.78-17.382.70-6.55-1.94-0.771.21-11.21-13.37-4.80-10.53-6.16-9.17
OPM %2.08%-12.77%3.36%-5.57%-1.66%-0.69%1.12%-20.36%-28.06%-9.62%-101.54%-24.83%-35.89%
Other Income4.872.333.595.250.9414.426.330.440.090.070.172.393.37
Interest13.5212.2211.5111.1810.2410.159.9711.2512.0712.6010.4611.747.69
Depreciation8.487.467.416.646.415.846.636.616.615.436.202.751.63
Profit before tax-15.35-34.73-12.63-19.12-17.65-2.34-9.06-28.63-31.96-22.76-27.02-18.26-15.12
Tax %63.00%36.94%77.36%35.41%20.51%-420.51%-10.71%39.33%30.51%32.16%31.20%28.97%56.35%
Net Profit-5.68-21.91-2.86-12.36-14.03-12.18-10.03-17.37-22.21-15.44-18.59-12.97-6.60
EPS in Rs-2.42-9.34-1.22-5.27-5.98-5.19-4.28-7.40-9.47-6.58-7.92-5.53-2.81

Last Updated: July 10, 2024, 2:32 pm

Aarvee Denims & Exports Ltd Quarterly Chart

Aarvee Denims & Exports Ltd Profit & Loss

Last Updated: July 10, 2024, 2:32 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales661723685746841844827752565265421261111
Expenses578601609679764772747669529285431289141
Operating Profit8412376667772808236-20-10-28-31
OPM %13%17%11%9%9%9%10%11%6%-7%-2%-11%-28%
Other Income1223-1233-0122576
Interest37383935373843495351434642
Depreciation26313331313333343828252516
Profit before tax2256638362-56-87-54-92-83
Tax %37%20%50%95%17%35%12%37%24%27%24%30%
Net Profit1445307261-42-64-41-65-54
EPS in Rs5.9819.191.360.083.000.752.390.46-17.87-27.36-17.66-27.73-22.84
Dividend Payout %0%3%0%0%0%0%0%0%0%0%0%0%

Aarvee Denims & Exports Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)221.43%-93.33%-100.00%-71.43%200.00%-83.33%-4300.00%-52.38%35.94%-58.54%
Change in YoY Net Profit Growth (%)0.00%-314.76%-6.67%28.57%271.43%-283.33%-4216.67%4247.62%88.32%-94.47%

Aarvee Denims & Exports Ltd Growth

Compounded Sales Growth
10 Years:-19%
5 Years:-35%
3 Years:-32%
TTM:-68%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:10%
TTM:33%
Stock Price CAGR
10 Years:-3%
5 Years:16%
3 Years:14%
1 Year:60%
Return on Equity
10 Years:-12%
5 Years:-36%
3 Years:-55%
Last Year:-114%

Last Updated: July 26, 2024, 6:38 am

Aarvee Denims & Exports Ltd Balance Sheet

Last Updated: July 10, 2024, 2:32 pm

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 53684775110385165451340110
Cash from Investing Activity -37-23-11-38-50-19-5359471346
Cash from Financing Activity -36-50-36-33-63-193-70-42-63-62-156
Net Cash Flow-19-4-04-300-112-4-100

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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%2.10%2.10%2.10%2.10%2.10%2.10%2.10%
Public32.09%32.09%32.10%32.10%32.10%32.10%32.10%32.11%32.11%32.10%32.08%32.10%
No. of Shareholders10,49910,94210,6919,5459,5299,8509,8229,7879,63410,01410,56611,439

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 (X)0.671.721.90
Interest Coverage Ratio (Post Tax) (X)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 (X)

Aarvee Denims & Exports Ltd Valuation Ratios

Fair Value

Fair Value: 127.85

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 267.38% compared to the current price 34.8

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 89.43

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 157.00% compared to the current price 34.8

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -30.05%

*Investments are subject to market risks

Strength and Weakness of Aarvee Denims & Exports Ltd

StrengthWeakness
    1. The stock has a low average ROCE of 3.75%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 165.75, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 192.00, which may not be favorable.
    4. The company has higher borrowings (386.67) compared to reserves (180.67), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (592.46) and profit (-20.46).

    Should I Buy Aarvee Denims & Exports Ltd Share Now?

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Aarvee Denims & Exports Ltd:
      1. ✗ Net Profit Margin: -7.42%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ✗ ROCE: -0.64% (Industry Average ROCE: 8.98%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ✗ ROE%: -18.15% (Industry Average ROE: 6.92%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. ✗ Interest Coverage Ratio (Post Tax): 0.20
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. ✗ Quick Ratio: 0.59
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. ✓ Stock P/E: (Industry average Stock P/E: 28.57)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. ✗ Total Debt / Equity: 1.78
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating: ★☆☆☆☆

    FAQ

    What is the latest fair value of Aarvee Denims & Exports Ltd?

    The latest fair value of Aarvee Denims & Exports Ltd is ₹127.85.

    What is the Market Cap of Aarvee Denims & Exports Ltd?

    The Market Cap of Aarvee Denims & Exports Ltd is 81.5 Cr..

    What is the current Stock Price of Aarvee Denims & Exports Ltd as on 27 July 2024?

    The current stock price of Aarvee Denims & Exports Ltd as on 27 July 2024 is 34.8.

    What is the High / Low of Aarvee Denims & Exports Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Aarvee Denims & Exports Ltd stocks is 43.1/20.2.

    What is the Stock P/E of Aarvee Denims & Exports Ltd?

    The Stock P/E of Aarvee Denims & Exports Ltd is .

    What is the Book Value of Aarvee Denims & Exports Ltd?

    The Book Value of Aarvee Denims & Exports Ltd is 7.33.

    What is the Dividend Yield of Aarvee Denims & Exports Ltd?

    The Dividend Yield of Aarvee Denims & Exports Ltd is 0.00 %.

    What is the ROCE of Aarvee Denims & Exports Ltd?

    The ROCE of Aarvee Denims & Exports Ltd is 9.65 %.

    What is the ROE of Aarvee Denims & Exports Ltd?

    The ROE of Aarvee Denims & Exports Ltd is 114 %.

    What is the Face Value of Aarvee Denims & Exports Ltd?

    The Face Value of Aarvee Denims & Exports Ltd is 10.0.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aarvee Denims & Exports Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE