Alacrity Securities Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 19, 2024, 9:04 pm

Market Cap	392 Cr.
Current Price	162
High / Low	188/25.4
Stock P/E	29.8
Book Value	36.4
Dividend Yield	0.00 %
ROCE	43.5 %
ROE	32.9 %
Face Value	10.0
PEG Ratio	0.52

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

Stock P/E Current Price Intrinsic Value

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Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Multipurpose Trading & Agencies Ltd	5.23 Cr.	10.6	13.3/7.81	29.1	10.2	0.00 %	4.44 %	3.91 %	10.0
Munoth Financial Services Ltd	34.4 Cr.	67.0	81.3/54.6		21.2	0.00 %	1.71 %	1.79 %	10.0
Nam Securities Ltd	72.5 Cr.	134	198/65.6	201	21.2	0.00 %	4.16 %	3.05 %	10.0
Naperol Investments Ltd	733 Cr.	1,275	2,041/801	748	3,204	0.00 %	0.08 %	0.05 %	10.0
Inani Securities Ltd	13.2 Cr.	29.0	42.0/20.5	9.10	42.2	0.00 %	10.6 %	6.92 %	10.0
Industry Average	6,895.83 Cr	1,836.48		3,514.44	5,415.95	0.31%	15.08%	16.58%	7.38

All Competitor Stocks of

Quarterly Result

Month	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
Sales	106	64	13	114	154	128	116	91	125	216
Expenses	110	66	13	111	152	125	114	89	115	209
Operating Profit	-4	-2	-0	3	2	2	2	3	10	7
OPM %	-4%	-4%	-3%	3%	2%	2%	2%	3%	8%	3%
Other Income	1	0	0	0	0	0	0	0	1	-1
Interest	1	1	1	1	0	1	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit before tax	-4	-3	-1	3	2	2	2	3	10	6
Tax %	-0%	-0%	-0%	-1%	-0%	24%	18%	38%	27%	36%
Net Profit	-4	-3	-1	3	2	2	2	2	8	4
EPS in Rs	-2.01	-1.21	-0.42	1.38	1.01	0.72	0.79	0.74	3.59	1.84

Last Updated: November 6, 2024, 7:23 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:07 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
Sales	26	2	42	45	33	76	64	171	128	283	208	342
Expenses	26	1	41	45	32	75	67	176	124	278	202	324
Operating Profit	0	1	0	-0	1	0	-3	-5	3	5	6	17
OPM %	0%	48%	1%	-0%	4%	1%	-4%	-3%	3%	2%	3%	5%
Other Income	0	-0	-0	0	0	1	0	0	0	0	0	-0
Interest	1	0	1	1	1	1	1	1	1	1	1	1
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	-1	0	-1	-2	1	1	-4	-7	2	4	5	16
Tax %	-7%	35%	-6%	-1%	28%	-30%	-1%	0%	-1%	13%	29%	30%
Net Profit	-1	0	-1	-2	0	1	-4	-7	2	3	3	11
EPS in Rs	-0.56	0.13	-0.55	-0.72	0.23	0.33	-1.89	-3.22	0.96	1.66	1.53	5.43
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2015-2016	2016-2017	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	100.00%	-100.00%	100.00%	-500.00%	-75.00%	128.57%	50.00%	0.00%	266.67%
Change in YoY Net Profit Growth (%)	0.00%	-200.00%	200.00%	-600.00%	425.00%	203.57%	-78.57%	-50.00%	266.67%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	65%
5 Years:	40%
3 Years:	39%
TTM:	150%

Compounded Profit Growth
10 Years:	44%
5 Years:	37%
3 Years:	78%
TTM:	44%

Stock Price CAGR
10 Years:	41%
5 Years:	93%
3 Years:	158%
1 Year:	426%

Return on Equity
10 Years:	3%
5 Years:	12%
3 Years:	24%
Last Year:	33%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:19 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	15	21	21	21	21	21	21	21	21	21	21	21	50
Reserves	4	7	6	4	5	5	1	-5	-3	0	4	24	38
Borrowings	2	2	8	9	5	6	14	16	13	12	8	2	5
Other Liabilities	8	5	7	2	5	8	7	4	5	5	5	18	19
Total Liabilities	28	36	42	37	36	41	44	36	36	38	38	65	112
Fixed Assets	2	1	1	1	1	1	1	1	1	1	1	1	5
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	4	4	4	7	6	4	5	5	5	5	7	17	11
Other Assets	23	31	36	29	28	36	38	30	30	32	29	48	95
Total Assets	28	36	42	37	36	41	44	36	36	38	38	65	112

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 +	3	-9	1	7	-4	-0	3	1	-3	-0	1	0
Cash from Investing Activity +	-1	1	0	-2	1	3	-0	1	-0	1	-1	-9
Cash from Financing Activity +	-3	9	-1	-1	-0	-1	-1	-1	-1	-1	-1	8
Net Cash Flow	-1	0	0	4	-3	2	1	-0	-5	-1	-1	-0

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	-2.00	-1.00	-8.00	-9.00	-4.00	-6.00	-17.00	-21.00	-10.00	-7.00	-2.00	15.00

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	75	1,271	25	7	24	27	7	1	1	0	0	2
Inventory Days	4	1,384	76	64	97	51	82	19	39	16	24	20
Days Payable	61	5,049	48	6	33	34	30	6	9	3	3	14
Cash Conversion Cycle	18	-2,394	53	65	89	43	59	15	32	13	21	8
Working Capital Days	93	2,456	168	97	139	67	92	23	43	23	29	23
ROCE %	-0%	3%	-0%	-1%	4%	2%	-9%	-16%	11%	16%	17%	49%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2019	Dec 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	52.14%	51.92%	56.39%	52.37%	56.77%	61.14%	65.73%	65.73%	65.73%	65.73%	65.73%	65.73%
Public	47.86%	48.08%	43.61%	47.63%	43.23%	38.86%	34.27%	34.28%	34.26%	34.27%	34.28%	34.27%
No. of Shareholders	243	244	238	239	237	231	229	236	232	233	245	289

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.)	5.43	1.53	1.72	0.96	-3.22
Diluted EPS (Rs.)	5.43	1.53	1.72	0.96	-3.22
Cash EPS (Rs.)	5.53	1.60	1.80	1.02	-3.15
Book Value[Excl.RevalReserv]/Share (Rs.)	21.37	11.67	10.14	8.41	7.45
Book Value[Incl.RevalReserv]/Share (Rs.)	21.37	11.67	10.14	8.41	7.45
Revenue From Operations / Share (Rs.)	161.86	98.30	133.78	60.28	80.57
PBDIT / Share (Rs.)	8.26	2.65	2.55	1.66	-2.51
PBIT / Share (Rs.)	8.16	2.58	2.47	1.60	-2.58
PBT / Share (Rs.)	7.80	2.17	1.96	0.95	-3.22
Net Profit / Share (Rs.)	5.43	1.53	1.72	0.95	-3.22
PBDIT Margin (%)	5.10	2.69	1.90	2.75	-3.11
PBIT Margin (%)	5.04	2.62	1.84	2.64	-3.19
PBT Margin (%)	4.82	2.20	1.46	1.57	-3.99
Net Profit Margin (%)	3.35	1.55	1.28	1.59	-3.99
Return on Networth / Equity (%)	25.42	13.13	16.99	11.40	-43.19
Return on Capital Employeed (%)	38.20	22.09	24.35	18.92	-34.25
Return On Assets (%)	17.54	8.58	9.44	5.63	-18.97
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.00	0.01
Total Debt / Equity (X)	0.04	0.31	0.55	0.74	0.99
Asset Turnover Ratio (%)	6.63	5.45	7.58	3.55	4.26
Current Ratio (X)	2.69	2.21	1.85	1.59	1.45
Quick Ratio (X)	1.84	1.20	1.12	0.86	0.99
Interest Coverage Ratio (X)	22.71	6.41	4.98	2.57	-3.90
Interest Coverage Ratio (Post Tax) (X)	15.94	4.70	4.37	2.49	-4.01
Enterprise Value (Cr.)	128.15	28.84	29.27	20.68	19.81
EV / Net Operating Revenue (X)	0.37	0.13	0.10	0.16	0.11
EV / EBITDA (X)	7.36	5.16	5.45	5.91	-3.74
MarketCap / Net Operating Revenue (X)	0.38	0.13	0.09	0.12	0.10
Price / BV (X)	2.95	1.15	1.20	0.92	1.13
Price / Net Operating Revenue (X)	0.38	0.13	0.09	0.12	0.10
EarningsYield	0.08	0.11	0.14	0.12	-0.38

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 364.01

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 Undervalued by 124.70% compared to the current share price 162.00

Intrinsic Value of as of December 22, 2024 is: 572.82

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 253.59% compared to the current share price 162.00

Last 5 Year EPS CAGR: 57.36%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (118.33 cr) and profit (1.17 cr) over the years.	The stock has a low average ROCE of 6.33%, which may not be favorable. The stock has a high average Working Capital Days of 66.58, which may not be favorable. The stock has a high average Cash Conversion Cycle of 34.50, which may not be favorable. The company has higher borrowings (7.85) compared to reserves (6.92), 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: 3.35%
  - 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: 38.2% (Industry Average ROCE: 14.89%)
  - 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%: 25.42% (Industry Average ROE: 15.33%)
  - 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): 15.94
  - 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: 1.84
  - 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: 29.8 (Industry average Stock P/E: 2)
  - 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: 0.04
  - 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

Alacrity Securities Ltd. is a Public Limited Listed company incorporated on 20/12/1994 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1994PLC083912 and registration number is 083912. Currently company belongs to the Industry of Finance & Investments. Company’s Total Operating Revenue is Rs. 282.01 Cr. and Equity Capital is Rs. 21.08 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Finance & Investments	101, Haridarshan Building, Bhogilal Phadia Road, Mumbai Maharashtra 400067	alacritysec@gmail.com http://www.alacritysec.com

Management
Name	Position Held
Mr. Kishor Vithaldas Shah	WholeTime Director & CFO
Mrs. Pooja Ashutosh Gupta	Whole Time Director
Mr. Hiten Ramniklal Mehta	Non Exe.Non Ind.Director
Mr. Gurunath Subramanyam Mudlapur	Non Exe.Non Ind.Director
Mr. Deven Narendra Sanghvi	Ind. Non-Executive Director
Mr. Bhuwnesh Bansal	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹364.01, which is 124.70% higher than the current market price of ₹162.00. The stock has a market capitalization of 392 Cr. and recorded a high/low of 188/25.4 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹38 Cr and total liabilities of ₹112 Cr.

What is the Market Cap of ?

The Market Cap of is 392 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 162.

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

In FY 2024-2025, the High / Low of stocks is 188/25.4.

What is the Stock P/E of ?

The Stock P/E of is 29.8.

What is the Book Value of ?

The Book Value of is 36.4.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 43.5 %.

What is the ROE of ?

The ROE of is 32.9 %.

What is the Face Value of ?

The Face Value of is 10.0.