Adinath Textiles Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 27, 2024, 8:59 pm

Market Cap	18.8 Cr.
Current Price	27.5
High / Low	35.5/23.0
Stock P/E	38.3
Book Value	4.49
Dividend Yield	0.00 %
ROCE	25.7 %
ROE	18.1 %
Face Value	10.0
PEG Ratio	4.45

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Adinath Textiles Ltd

Competitors of Adinath Textiles Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Deepak Spinners Ltd	148 Cr.	206	320/175		314	0.24 %	1.93 %	0.45 %	10.0
APM Industries Ltd	117 Cr.	53.9	92.0/45.0	117	78.2	0.93 %	3.27 %	2.48 %	2.00
Aditya Spinners Ltd	45.4 Cr.	27.1	31.0/17.4	142	28.5	0.00 %	5.17 %	3.81 %	10.0
Adinath Textiles Ltd	18.8 Cr.	27.5	35.5/23.0	38.3	4.49	0.00 %	25.7 %	18.1 %	10.0
Sangam (India) Ltd	2,106 Cr.	419	630/318	50.0	222	0.48 %	6.81 %	4.64 %	10.0
Industry Average	707.29 Cr	129.31		69.13	127.68	0.26%	7.19%	9.92%	8.00

All Competitor Stocks of Adinath Textiles Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.27	0.27	0.29	0.27	0.22	0.27	0.28	0.32	0.30	0.29	0.29	0.27	0.29
Operating Profit	-0.27	-0.27	-0.29	-0.27	-0.22	-0.27	-0.28	-0.32	-0.30	-0.29	-0.29	-0.27	-0.29
OPM %
Other Income	0.54	0.18	0.37	0.46	0.38	0.49	0.45	0.52	0.45	0.39	0.50	0.55	0.42
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.00
Depreciation	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01
Profit before tax	0.24	-0.12	0.05	0.16	0.14	0.20	0.15	0.18	0.13	0.08	0.19	0.22	0.12
Tax %	0.00%	25.00%	100.00%	0.00%	28.57%	35.00%	6.67%	-55.56%	15.38%	50.00%	10.53%	31.82%	-8.33%
Net Profit	0.23	-0.15	0.00	0.15	0.09	0.14	0.15	0.27	0.12	0.04	0.17	0.15	0.12
EPS in Rs	0.34	-0.22	0.00	0.22	0.13	0.21	0.22	0.40	0.18	0.06	0.25	0.22	0.18

Last Updated: October 7, 2024, 8:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	9.51	0.92	0.89	1.30	1.26	1.21	0.74	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	9.26	1.38	1.56	1.79	1.81	2.45	2.26	1.28	1.10	1.12	1.09	1.15	1.14
Operating Profit	0.25	-0.46	-0.67	-0.49	-0.55	-1.24	-1.52	-1.28	-1.10	-1.12	-1.09	-1.15	-1.14
OPM %	2.63%	-50.00%	-75.28%	-37.69%	-43.65%	-102.48%	-205.41%
Other Income	0.80	0.88	1.26	1.12	1.13	1.22	1.17	1.39	1.69	1.56	1.84	1.89	1.86
Interest	0.00	0.07	0.00	0.10	0.07	0.08	0.06	0.00	0.00	0.00	0.00	0.04	0.04
Depreciation	0.09	0.09	0.17	0.17	0.19	0.19	0.21	0.19	0.16	0.14	0.07	0.06	0.07
Profit before tax	0.96	0.26	0.42	0.36	0.32	-0.29	-0.62	-0.08	0.43	0.30	0.68	0.64	0.61
Tax %	20.83%	15.38%	23.81%	30.56%	18.75%	-27.59%	-25.81%	-25.00%	25.58%	26.67%	4.41%	25.00%
Net Profit	0.75	0.22	0.32	0.25	0.26	-0.22	-0.46	-0.07	0.32	0.22	0.65	0.48	0.48
EPS in Rs	1.10	0.32	0.47	0.37	0.38	-0.32	-0.68	-0.10	0.47	0.32	0.95	0.70	0.71
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-70.67%	45.45%	-21.88%	4.00%	-184.62%	-109.09%	84.78%	557.14%	-31.25%	195.45%	-26.15%
Change in YoY Net Profit Growth (%)	0.00%	116.12%	-67.33%	25.88%	-188.62%	75.52%	193.87%	472.36%	-588.39%	226.70%	-221.61%

Adinath Textiles Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	%

Compounded Profit Growth
10 Years:	8%
5 Years:	25%
3 Years:	14%
TTM:	-16%

Stock Price CAGR
10 Years:	34%
5 Years:	72%
3 Years:	-31%
1 Year:	-5%

Return on Equity
10 Years:	11%
5 Years:	17%
3 Years:	21%
Last Year:	18%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:58 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	6.99	6.99	6.99	6.99	6.99	6.99	6.99	6.99	6.99	6.99	6.99	6.99	6.99
Reserves	-6.43	-6.21	-5.90	-5.66	-5.06	-5.28	-5.72	-5.78	-5.45	-5.23	-4.58	-4.10	-3.93
Borrowings	1.77	1.72	1.40	0.92	0.80	0.60	0.60	0.60	0.45	0.45	0.00	0.00	0.01
Other Liabilities	1.47	1.33	1.42	1.66	1.94	1.68	1.52	1.42	1.41	1.26	1.29	1.28	1.32
Total Liabilities	3.80	3.83	3.91	3.91	4.67	3.99	3.39	3.23	3.40	3.47	3.70	4.17	4.39
Fixed Assets	2.03	1.95	1.76	1.60	1.66	1.65	1.56	0.98	0.85	0.73	0.66	0.61	0.60
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.02	0.02	0.02	0.02	0.47	0.47	0.49	0.50	1.38	1.52	2.30	2.54	2.72
Other Assets	1.75	1.86	2.13	2.29	2.54	1.87	1.34	1.75	1.17	1.22	0.74	1.02	1.07
Total Assets	3.80	3.83	3.91	3.91	4.67	3.99	3.39	3.23	3.40	3.47	3.70	4.17	4.39

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-0.86	-0.26	-0.53	0.64	-0.65	-1.22	-1.19	-1.26	-0.95	-1.30	-1.04	-1.48
Cash from Investing Activity +	0.78	0.68	1.08	1.18	0.90	1.01	1.00	1.64	0.75	1.37	1.01	1.58
Cash from Financing Activity +	0.00	-0.05	-0.32	-1.45	-0.17	-0.28	-0.06	0.00	-0.15	0.00	-0.45	-0.04
Net Cash Flow	-0.08	0.37	0.24	0.37	0.08	-0.49	-0.25	0.38	-0.35	0.08	-0.48	0.06

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-1.52	-2.18	-2.07	-1.41	-1.35	-1.84	-2.12	-1.88	-1.55	-1.57	-1.09	-1.15

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	38.00	297.55	303.48	190.92	202.78	190.04	172.64
Inventory Days	5.35
Days Payable	14.58
Cash Conversion Cycle	28.76	297.55	303.48	190.92	202.78	190.04	172.64
Working Capital Days	8.83	71.41	28.71	-365.00	-362.10	-283.55	-606.69
ROCE %	49.10%	13.66%	16.83%	24.47%	15.66%	-8.33%	-26.79%	-4.35%	22.63%	11.90%	29.44%	25.66%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	43.58%	43.58%	43.58%	43.58%	43.58%	43.58%	43.58%	43.58%	43.58%	43.58%	43.58%	43.58%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	56.41%	56.41%	56.41%	56.41%	56.41%	56.41%	56.40%	56.41%	56.41%	56.42%	56.40%	56.40%
No. of Shareholders	27,035	27,613	27,602	27,175	26,928	26,740	26,499	26,204	26,231	26,089	25,847	25,781

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.70	0.96	0.33	0.46	-0.10
Diluted EPS (Rs.)	0.70	0.96	0.33	0.46	-0.10
Cash EPS (Rs.)	0.76	1.03	0.51	0.67	0.17
Book Value[Excl.RevalReserv]/Share (Rs.)	4.13	3.45	2.52	2.21	1.73
Book Value[Incl.RevalReserv]/Share (Rs.)	4.13	3.45	2.52	2.21	1.73
PBDIT / Share (Rs.)	1.05	1.08	0.63	0.84	0.27
PBIT / Share (Rs.)	0.96	0.97	0.43	0.61	0.01
PBT / Share (Rs.)	0.90	0.97	0.43	0.61	0.00
Net Profit / Share (Rs.)	0.68	0.93	0.32	0.45	-0.09
Return on Networth / Equity (%)	16.48	26.99	12.75	20.43	-5.62
Return on Capital Employeed (%)	21.47	25.85	15.55	24.84	0.29
Return On Assets (%)	11.43	17.63	6.47	9.26	-2.10
Total Debt / Equity (X)	0.00	0.00	0.25	0.00	0.00
Current Ratio (X)	1.58	1.22	0.74	0.64	0.88
Quick Ratio (X)	1.57	1.21	0.73	0.64	0.87
Interest Coverage Ratio (X)	18.14	447.74	268.97	367.98	157.37
Interest Coverage Ratio (Post Tax) (X)	12.73	388.81	137.54	197.48	16.51
Enterprise Value (Cr.)	19.03	16.27	43.18	1.62	0.21
EV / EBITDA (X)	25.83	21.62	97.48	2.75	1.10
Price / BV (X)	6.66	6.80	24.60	1.41	0.92
EarningsYield	0.02	0.03	0.01	0.14	-0.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Adinath Textiles Ltd as of December 30, 2024 is: 31.75

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.

As of December 30, 2024, Adinath Textiles Ltd is Undervalued by 15.45% compared to the current share price 27.50

Intrinsic Value of Adinath Textiles Ltd as of December 30, 2024 is: 34.48

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 30, 2024, Adinath Textiles Ltd is Undervalued by 25.38% compared to the current share price 27.50

Last 5 Year EPS CAGR: 8.60%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -125.70, which is a positive sign. The company has shown consistent growth in sales (1.22 cr) and profit (0.31 cr) over the years.	The stock has a low average ROCE of 14.16%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 115.51, which may not be favorable. The company has higher borrowings (0.72) compared to reserves (-5.33), which may suggest financial risk.

Stock Analysis

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 Adinath Textiles Ltd:
1. Net Profit Margin: 0%
  - 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: 21.47% (Industry Average ROCE: 7.19%)
  - 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%: 16.48% (Industry Average ROE: 9.92%)
  - 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): 12.73
  - 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: 1.57
  - 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: 38.3 (Industry average Stock P/E: 46.09)
  - 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
  - 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:

About the Company - Qualitative Analysis

Adinath Textiles Ltd. is a Public Limited Listed company incorporated on 16/01/1979 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L17115PB1979PLC003910 and registration number is 003910. Currently company belongs to the Industry of Textiles - Spinning - Synthetic Blended. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 6.99 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Textiles - Spinning - Synthetic Blended	Village Bholapur, Ludhiana Punjab 141123	atl@shreyansgroup.com http://www.adinathtextiles.com

Management
Name	Position Held
Mr. Rajneesh Oswal	Chairman & Managing Director
Mr. Vishal Oswal	Vice Chairman & Mng.Director
Mr. Krishan Sethi	Independent Director
Mrs. Priya Begana	Independent Director
Mr. Ravinder Kumar	Independent Director

FAQ

What is the latest intrinsic value of Adinath Textiles Ltd?

The latest intrinsic value of Adinath Textiles Ltd as on 30 December 2024 is ₹31.75, which is 15.45% higher than the current market price of ₹27.50. The stock has a market capitalization of 18.8 Cr. and recorded a high/low of 35.5/23.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹-3.93 Cr and total liabilities of ₹4.39 Cr.

What is the Market Cap of Adinath Textiles Ltd?

The Market Cap of Adinath Textiles Ltd is 18.8 Cr..

What is the current Stock Price of Adinath Textiles Ltd as on 30 December 2024?

The current stock price of Adinath Textiles Ltd as on 30 December 2024 is 27.5.

What is the High / Low of Adinath Textiles Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Adinath Textiles Ltd stocks is 35.5/23.0.

What is the Stock P/E of Adinath Textiles Ltd?

The Stock P/E of Adinath Textiles Ltd is 38.3.

What is the Book Value of Adinath Textiles Ltd?

The Book Value of Adinath Textiles Ltd is 4.49.

What is the Dividend Yield of Adinath Textiles Ltd?

The Dividend Yield of Adinath Textiles Ltd is 0.00 %.

What is the ROCE of Adinath Textiles Ltd?

The ROCE of Adinath Textiles Ltd is 25.7 %.

What is the ROE of Adinath Textiles Ltd?

The ROE of Adinath Textiles Ltd is 18.1 %.

What is the Face Value of Adinath Textiles Ltd?

The Face Value of Adinath Textiles Ltd is 10.0.