Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532057 | NSE: ABHICAP

Fundamental Analysis of Abhinav Capital Services Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:01 am

Market Cap 131 Cr.
Current Price 189
High / Low239/72.0
Stock P/E13.0
Book Value 113
Dividend Yield0.00 %
ROCE23.2 %
ROE18.1 %
Face Value 10.0

Data Source: screener.in

Competitors of Abhinav Capital Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Keynote Financial Services Ltd 130 Cr. 185220/79.06.85 1570.54 %0.17 %1.64 % 10.0
Ceejay Finance Ltd 66.9 Cr. 194246/10910.1 1940.62 %14.1 %11.3 % 10.0
Khandwala Securities Ltd 45.5 Cr. 29.841.0/22.0 19.90.00 %2.80 %1.73 % 10.0
Alacrity Securities Ltd 137 Cr. 64.866.0/10.815.0 15.30.00 %16.6 %14.0 % 10.0
Ajcon Global Services Ltd 21.4 Cr. 35.051.4/25.223.3 36.90.00 %4.65 %2.57 % 10.0
Industry Average80.16 Cr101.7211.0584.620.23%7.66%6.25%10.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales0.800.513.850.951.010.927.992.040.882.346.603.033.35
Expenses0.380.780.180.130.150.150.220.160.140.080.290.240.22
Operating Profit0.42-0.273.670.820.860.777.771.880.742.266.312.793.13
OPM %52.50%-52.94%95.32%86.32%85.15%83.70%97.25%92.16%84.09%96.58%95.61%92.08%93.43%
Other Income0.000.000.000.000.000.000.000.000.000.000.000.000.00
Interest0.040.000.060.050.060.070.050.310.050.080.261.011.01
Depreciation0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax0.38-0.273.610.770.800.707.721.570.692.186.051.782.12
Tax %23.68%-196.30%18.56%20.78%25.00%21.43%16.84%23.57%33.33%26.61%12.73%12.92%23.58%
Net Profit0.29-0.802.940.610.600.556.421.200.461.605.281.551.62
EPS in Rs0.42-1.164.250.880.870.799.271.730.662.317.622.242.34

Last Updated: April 10, 2024, 5:34 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 8:23 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales100244544371315
Expenses0100000021111
Operating Profit1-0-0244542261314
OPM %81%-40%-16%92%96%96%95%94%53%58%91%96%95%
Other Income00000000-00000
Interest0000000110002
Depreciation0000000000000
Profit before tax1-00234431261212
Tax %18%-24%88%34%32%21%20%17%10%27%20%20%
Net Profit0-00123331151010
EPS in Rs0.72-0.380.072.013.324.644.983.771.491.856.7713.9814.51
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)100.00%50.00%0.00%0.00%-66.67%0.00%400.00%100.00%
Change in YoY Net Profit Growth (%)0.00%-50.00%-50.00%0.00%-66.67%66.67%400.00%-300.00%

Growth

Compounded Sales Growth
10 Years:39%
5 Years:21%
3 Years:45%
TTM:30%
Compounded Profit Growth
10 Years:44%
5 Years:23%
3 Years:111%
TTM:16%
Stock Price CAGR
10 Years:20%
5 Years:20%
3 Years:79%
1 Year:99%
Return on Equity
10 Years:11%
5 Years:11%
3 Years:13%
Last Year:18%

Last Updated: April 16, 2024, 11:45 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital7777777777777
Reserves8889121518212225405361
Borrowings0000500151102038
Other Liabilities21123528000356
Total Liabilities171616182627534340325265112
Fixed Assets0000000000000
CWIP0000000000000
Investments136447642218213543
Other Assets4101214192149413814313068
Total Assets171616182627534340325265112

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1-6-202-3-4-4-015-159
Cash from Investing Activity -161-0-23440-14150
Cash from Financing Activity 000000000000
Net Cash Flow-01-10-000-0-00110

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow1.000.000.002.00-1.004.005.00-11.00-9.002.004.0013.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1,5166,25812,8812,0281,4831,4143,20600000
Inventory Days
Days Payable
Cash Conversion Cycle1,5166,25812,8812,0281,4831,4143,20600000
Working Capital Days9566,28112,7512,0141,4631,2921,45950-1983320
ROCE %4%-1%3%14%19%18%20%11%6%5%15%23%

Financial Efficiency Indicators Chart

Abhinav Capital Services Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters71.48%71.48%71.48%71.48%71.48%71.48%71.48%71.48%71.48%71.48%71.48%71.48%
Public28.52%28.52%28.52%28.52%28.52%28.52%28.52%28.52%28.51%28.51%28.52%28.52%
No. of Shareholders4194404565585941,0319931,0429511,0191,1561,157

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)13.986.783.911.543.70
Diluted EPS (Rs.)13.986.783.911.543.70
Cash EPS (Rs.)13.986.781.161.503.79
Book Value[Excl.RevalReserv]/Share (Rs.)87.2367.1545.9542.0440.50
Book Value[Incl.RevalReserv]/Share (Rs.)87.2367.1545.9542.0440.50
Revenue From Operations / Share (Rs.)18.969.704.706.134.91
PBDIT / Share (Rs.)18.278.822.713.305.41
PBIT / Share (Rs.)18.278.822.703.295.39
PBT / Share (Rs.)17.578.492.551.674.54
Net Profit / Share (Rs.)13.986.781.161.493.77
PBDIT Margin (%)96.3390.9257.7453.86110.16
PBIT Margin (%)96.3390.8957.5853.69109.84
PBT Margin (%)92.6487.4954.4027.2192.46
Net Profit Margin (%)73.7569.8524.6324.3476.86
Return on Networth / Equity (%)16.0210.092.513.559.31
Return on Capital Employeed (%)19.3412.275.857.8213.31
Return On Assets (%)14.799.032.502.596.09
Total Debt / Equity (X)0.000.040.000.360.52
Asset Turnover Ratio (%)0.220.160.090.100.07
Current Ratio (X)1388.9223.531134.613.682.89
Quick Ratio (X)1388.9223.531134.613.682.89
Interest Coverage Ratio (X)26.0926.7518.162.056.34
Interest Coverage Ratio (Post Tax) (X)20.9721.558.751.935.42
Enterprise Value (Cr.)53.1728.2320.9457.0564.95
EV / Net Operating Revenue (X)4.054.206.4413.4419.10
EV / EBITDA (X)4.204.6211.1524.9517.34
MarketCap / Net Operating Revenue (X)4.854.016.5010.9314.76
Price / BV (X)1.050.580.661.591.79
Price / Net Operating Revenue (X)4.854.016.5010.9314.76
EarningsYield0.150.170.030.020.05

Last Updated: April 9, 2024, 3:11 am

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 271.21

The stock is undervalued by 43.50% compared to the current price ₹189

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (23.08 cr) compared to borrowings (5.46 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (4.77 cr) and profit (3.85 cr) over the years.
  1. The stock has a low average ROCE of 11.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 190.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 2.17, which may not be favorable.

Stock Analysis

  • Based on the analysis of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Abhinav Capital Services Ltd:
    1. Net Profit Margin: 73.75% (Higher values are generally favorable)
      • 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: 19.34% (Industry Average ROCE: 6.26%)
      • 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%: 16.02% (Industry Average ROE: 2.95%)
      • 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): 20.97 (Higher values, preferably > 2, are recommended)
      • 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: 1388.92 (Higher values, preferably > 1, are recommended)
      • 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: 13.0 (Industry average Stock P/E: 13.32)
      • 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: 0.00 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.
    Stock Rating: ★★★★★

About the Company

Abhinav Capital Services Ltd. is a Public Limited Listed company incorporated on 08/12/1994 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65990MH1994PLC083603 and registration number is 083603. Currently company belongs to the Industry of Finance & Investments. Company’s Total Operating Revenue is Rs. 6.72 Cr. and Equity Capital is Rs. 6.92 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsB-709, Express Zone, Western Express Highway, Mumbai Maharashtra 400097info@abhinavcapital.com
http://www.abhinavcapital.com
Management
NamePosition Held
Mr. Chetan KariaChairman
Mrs. Ritu MohattaExecutive Director & CFO
Mr. Kamlesh KotakNon Independent Director
Mrs. Gayatri SonavaneIndependent Director
Mr. Nasir ShaikhIndependent Director
Mr. Girish DesaiIndependent Director

Abhinav Capital Services Ltd. Share Price Update

Share PriceValue
Today₹188.90
Previous Day₹186.95

FAQ

What is the latest fair value of Abhinav Capital Services Ltd?

The latest fair value of Abhinav Capital Services Ltd is 271.21.

What is the Market Cap of Abhinav Capital Services Ltd?

The Market Cap of Abhinav Capital Services Ltd is 131 Cr..

What is the current Stock Price of Abhinav Capital Services Ltd as on 23 April 2024?

The current stock price of Abhinav Capital Services Ltd as on 23 April 2024 is 189.

What is the High / Low of Abhinav Capital Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of Abhinav Capital Services Ltd stocks is ₹239/72.0.

What is the Stock P/E of Abhinav Capital Services Ltd?

The Stock P/E of Abhinav Capital Services Ltd is 13.0.

What is the Book Value of Abhinav Capital Services Ltd?

The Book Value of Abhinav Capital Services Ltd is 113.

What is the Dividend Yield of Abhinav Capital Services Ltd?

The Dividend Yield of Abhinav Capital Services Ltd is 0.00 %.

What is the ROCE of Abhinav Capital Services Ltd?

The ROCE of Abhinav Capital Services Ltd is 23.2 %.

What is the ROE of Abhinav Capital Services Ltd?

The ROE of Abhinav Capital Services Ltd is 18.1 %.

What is the Face Value of Abhinav Capital Services Ltd?

The Face Value of Abhinav Capital Services 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 Abhinav Capital Services 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