AK Capital Services Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 8:45 pm

Market Cap	871 Cr.
Current Price	1,319
High / Low	1,390/741
Stock P/E	9.43
Book Value	1,431
Dividend Yield	1.21 %
ROCE	9.19 %
ROE	9.36 %
Face Value	10.0
PEG Ratio	2.16

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Mufin Green Finance Ltd	1,762 Cr.	108	274/90.4	91.1	16.0	0.00 %	10.6 %	8.27 %	1.00
Mukesh Babu Financial Services Ltd	105 Cr.	151	181/111	19.1	490	0.80 %	3.62 %	2.40 %	10.0
Nalin Lease Finance Ltd	44.0 Cr.	67.0	99.9/37.0	11.0	51.1	0.00 %	17.4 %	13.1 %	10.0
India Cements Capital Ltd	38.0 Cr.	17.5	26.4/13.5	42.7	8.43	0.00 %	3.50 %	8.87 %	10.0
Indergiri Finance Ltd	15.7 Cr.	31.0	71.3/26.8		8.26	0.00 %	7.67 %	14.0 %	10.0
Industry Average	18,820.20 Cr	650.87		38.13	563.11	0.17%	19.97%	10.57%	8.67

All Competitor Stocks of

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	73	82	79	88	89	97	105	116	116	124	132	147	115
Expenses	22	31	26	35	33	38	36	45	40	50	53	49	30
Operating Profit	51	51	53	53	56	59	70	71	76	75	79	97	85
OPM %	70%	63%	67%	60%	63%	61%	66%	61%	65%	60%	60%	66%	74%
Other Income	0	0	-0	1	0	0	0	0	0	0	0	0	1
Interest	23	22	23	24	26	29	37	38	44	46	51	55	53
Depreciation	2	2	2	2	2	2	2	2	2	2	2	2	2
Profit before tax	26	27	28	27	28	29	30	31	30	27	26	40	30
Tax %	24%	25%	27%	19%	25%	28%	26%	21%	25%	26%	23%	25%	25%
Net Profit	20	21	21	22	21	21	22	25	22	20	20	30	23
EPS in Rs	30.09	30.80	31.00	32.76	31.55	30.80	33.26	37.18	33.77	29.77	30.02	45.38	34.39

Last Updated: November 6, 2024, 7:24 pm

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	194	242	252	242	336	330	421	313	288	322	252	314	518
Expenses	89	134	116	102	141	98	169	126	101	114	65	74	182
Operating Profit	104	109	136	140	195	232	252	187	187	208	187	239	336
OPM %	54%	45%	54%	58%	58%	70%	60%	60%	65%	65%	74%	76%	65%
Other Income	3	3	3	3	3	-0	-0	0	1	1	0	0	1
Interest	37	56	77	81	106	138	153	115	83	92	102	152	204
Depreciation	2	2	3	3	3	3	3	7	7	8	3	4	9
Profit before tax	69	53	59	59	89	91	97	65	98	109	82	84	123
Tax %	33%	33%	30%	30%	35%	30%	26%	21%	24%	24%	24%	24%
Net Profit	46	35	41	42	58	63	72	51	75	83	62	64	93
EPS in Rs	69.74	53.32	62.33	63.00	87.02	95.30	108.15	77.29	112.73	124.65	93.94	96.56	139.56
Dividend Payout %	9%	11%	10%	10%	7%	6%	6%	8%	5%	6%	9%	9%

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 (%)	-23.91%	17.14%	2.44%	38.10%	8.62%	14.29%	-29.17%	47.06%	10.67%	-25.30%	3.23%
Change in YoY Net Profit Growth (%)	0.00%	41.06%	-14.70%	35.66%	-29.47%	5.67%	-43.45%	76.23%	-36.39%	-35.97%	28.53%

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:	3%
5 Years:	-6%
3 Years:	3%
TTM:	11%

Compounded Profit Growth
10 Years:	6%
5 Years:	-2%
3 Years:	-5%
TTM:	4%

Stock Price CAGR
10 Years:	19%
5 Years:	38%
3 Years:	46%
1 Year:	72%

Return on Equity
10 Years:	11%
5 Years:	10%
3 Years:	10%
Last Year:	9%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:56 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	7	7	7	7	7	7	7	7	7	7	23	23	7
Reserves	311	341	377	414	471	517	578	608	677	753	630	685	938
Borrowings	425	600	823	1,385	2,002	1,887	1,878	881	1,391	1,845	1,682	2,086	2,869
Other Liabilities	30	43	30	49	26	82	102	85	86	109	61	73	109
Total Liabilities	772	992	1,237	1,855	2,506	2,493	2,565	1,581	2,161	2,714	2,396	2,867	3,923
Fixed Assets	45	52	49	48	52	73	67	71	66	78	23	25	79
CWIP	0	0	0	0	0	0	0	0	0	3	0	1	0
Investments	146	391	762	928	1,118	828	791	591	1,098	1,462	1,739	2,160	2,862
Other Assets	581	549	426	879	1,336	1,592	1,708	919	998	1,171	634	681	982
Total Assets	772	992	1,237	1,855	2,506	2,493	2,565	1,581	2,161	2,714	2,396	2,867	3,923

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 +	-200	3	103	-425	-540	345	25	966	-91	-119	100	267
Cash from Investing Activity +	54	-149	-257	-49	28	-139	133	288	-418	-218	-218	-522
Cash from Financing Activity +	183	115	144	478	508	-210	-152	-1,163	425	356	123	256
Net Cash Flow	37	-31	-9	4	-3	-3	6	91	-85	20	5	1

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	-321.00	-491.00	-687.00	139.00	193.00	231.00	251.00	-694.00	186.00	207.00	186.00	237.00

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

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	59	57	30	74	24	4	7	2	5	6	0	1
Inventory Days
Days Payable
Cash Conversion Cycle	59	57	30	74	24	4	7	2	5	6	0	1
Working Capital Days	937	710	468	1,045	1,235	616	784	562	744	737	-21	-28
ROCE %	17%	13%	13%	9%	9%	9%	10%	9%	10%	8%	7%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	70.67%	70.67%	71.37%	71.50%	71.50%	71.50%	71.50%	71.50%	71.50%	71.50%	71.50%	71.50%
Public	29.33%	29.33%	28.63%	28.50%	28.49%	28.50%	28.50%	28.52%	28.51%	28.50%	28.50%	28.51%
No. of Shareholders	2,367	2,386	2,365	2,341	2,293	2,214	2,188	2,169	2,536	2,342	2,557	2,606

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.)	138.95	132.78	124.65	112.73	77.28
Diluted EPS (Rs.)	138.95	132.78	124.65	112.73	77.28
Cash EPS (Rs.)	153.00	145.92	137.23	124.24	88.81
Book Value[Excl.RevalReserv]/Share (Rs.)	1436.46	1314.64	1183.09	1077.01	971.28
Book Value[Incl.RevalReserv]/Share (Rs.)	1436.46	1314.64	1183.09	1077.01	971.28
Revenue From Operations / Share (Rs.)	785.67	615.85	487.99	435.81	473.32
PBDIT / Share (Rs.)	495.49	388.48	316.12	284.99	284.38
PBIT / Share (Rs.)	482.68	376.52	304.66	274.45	273.56
PBT / Share (Rs.)	186.01	178.70	164.61	149.02	99.01
Net Profit / Share (Rs.)	140.18	133.96	125.77	113.71	77.99
NP After MI And SOA / Share (Rs.)	138.95	132.78	124.65	112.73	77.28
PBDIT Margin (%)	63.06	63.07	64.78	65.39	60.08
PBIT Margin (%)	61.43	61.13	62.43	62.97	57.79
PBT Margin (%)	23.67	29.01	33.73	34.19	20.91
Net Profit Margin (%)	17.84	21.75	25.77	26.09	16.47
NP After MI And SOA Margin (%)	17.68	21.56	25.54	25.86	16.32
Return on Networth / Equity (%)	9.97	10.44	10.92	10.87	8.29
Return on Capital Employeed (%)	32.96	16.19	13.38	13.03	15.52
Return On Assets (%)	2.40	2.81	3.03	3.43	3.22
Long Term Debt / Equity (X)	0.00	0.77	0.93	0.97	0.83
Total Debt / Equity (X)	3.00	2.58	2.45	2.03	1.43
Asset Turnover Ratio (%)	0.14	0.13	0.05	0.06	0.04
Current Ratio (X)	1.31	1.92	2.17	2.70	3.58
Quick Ratio (X)	1.31	1.92	1.61	1.95	2.39
Dividend Payout Ratio (NP) (%)	12.58	9.40	4.81	6.87	26.57
Dividend Payout Ratio (CP) (%)	11.52	8.62	4.40	6.28	23.30
Earning Retention Ratio (%)	87.42	90.60	95.19	93.13	73.43
Cash Earning Retention Ratio (%)	88.48	91.38	95.60	93.72	76.70
Interest Coverage Ratio (X)	1.67	1.96	2.26	2.27	1.63
Interest Coverage Ratio (Post Tax) (X)	1.47	1.68	1.90	1.91	1.45
Enterprise Value (Cr.)	3355.20	2437.97	2124.19	1604.25	924.15
EV / Net Operating Revenue (X)	6.47	6.00	6.60	5.58	2.96
EV / EBITDA (X)	10.26	9.51	10.18	8.53	4.92
MarketCap / Net Operating Revenue (X)	1.16	0.69	0.89	0.70	0.38
Retention Ratios (%)	87.41	90.59	95.18	93.12	73.42
Price / BV (X)	0.65	0.33	0.38	0.29	0.19
Price / Net Operating Revenue (X)	1.16	0.69	0.89	0.70	0.38
EarningsYield	0.15	0.31	0.28	0.36	0.42

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 1,278.35

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 22, 2024, is Overvalued by 3.08% compared to the current share price 1,319.00

Intrinsic Value of as of December 22, 2024 is: 1,334.12

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 22, 2024, is Undervalued by 1.15% compared to the current share price 1,319.00

Last 5 Year EPS CAGR: 4.36%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (309.54 cr) and profit (82.92 cr) over the years.	The stock has a low average ROCE of 10.25%, which may not be favorable. The stock has a high average Working Capital Days of 459.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 22.42, which may not be favorable. The company has higher borrowings (1,519.54) compared to reserves (561.54), which may suggest financial risk.

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 :
1. Net Profit Margin: 17.84%
  - 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: 32.96% (Industry Average ROCE: 19.97%)
  - 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%: 9.97% (Industry Average ROE: 10.57%)
  - 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): 1.47
  - 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: 1.31
  - 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: 9.43 (Industry average Stock P/E: 38.13)
  - 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: 3
  - 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

AK Capital Services Ltd. is a Public Limited Listed company incorporated on 05/10/1993 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899MH1993PLC274881 and registration number is 274881. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 86.31 Cr. and Equity Capital is Rs. 6.60 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Non-Banking Financial Company (NBFC)	603, 6th Floor, Windsor, Off CST Road, Mumbai Maharashtra 400098	compliance@akgroup.co.in http://www.akgroup.co.in

Management
Name	Position Held
Mr. Rajiv Bakshi	Non Exe.Chairman&Ind.Director
Mr. A K Mittal	Managing Director
Mr. Ashish Agarwal	Whole Time Director
Mr. Vikas Jain	Whole Time Director
Ms. Aditi Mittal	Non Executive Woman Director
Mr. Ashish Vyas	Ind. Non-Executive Director
Mr. Vinod Kumar Kathuria	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹1278.35, which is 3.08% lower than the current market price of ₹1,319.00. The stock has a market capitalization of 871 Cr. and recorded a high/low of 1,390/741 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹938 Cr and total liabilities of ₹3,923 Cr.

What is the Market Cap of ?

The Market Cap of is 871 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 1,319.

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

In FY 2024-2025, the High / Low of stocks is 1,390/741.

What is the Stock P/E of ?

The Stock P/E of is 9.43.

What is the Book Value of ?

The Book Value of is 1,431.

What is the Dividend Yield of ?

The Dividend Yield of is 1.21 %.

What is the ROCE of ?

The ROCE of is 9.19 %.

What is the ROE of ?

The ROE of is 9.36 %.

What is the Face Value of ?

The Face Value of is 10.0.