Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 535916 | NSE: ALSL

Fundamental Analysis of Alacrity Securities Ltd

Basic Stock Data

Last Updated: April 19, 2024, 7:54 am

Market Cap 133 Cr.
Current Price 63.0
High / Low66.0/10.8
Stock P/E14.5
Book Value 15.3
Dividend Yield0.00 %
ROCE16.6 %
ROE14.0 %
Face Value 10.0

Data Source: screener.in

Competitors of Alacrity Securities Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
The Investment Trust of India Ltd (THEINVEST) 764 Cr. 146172/71.527.0 1240.00 %4.54 %1.86 % 10.0
Anjani Finance Ltd 11.8 Cr. 11.620.2/6.353.00 23.00.00 %9.68 %33.2 % 10.0
Sundaram Finance Holdings Ltd 5,234 Cr. 236282/82.714.4 1791.27 %1.43 %7.23 % 5.00
Rane Holdings Ltd 1,738 Cr. 1,2211,385/87313.4 5921.39 %11.1 %8.79 % 10.0
Lakshmi Finance & Industrial Corporation Ltd 54.9 Cr. 183249/1066.75 1691.09 %0.45 %1.17 % 10.0
Industry Average1,560.54 Cr359.5212.91217.400.75%5.44%10.45%9.00

Quarterly Result

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales106641311415412811691125
Expenses110661311115212511489115
Operating Profit-4-2-03222310
OPM %-4%-4%-3%3%2%2%2%3%8%
Other Income100000001
Interest111101000
Depreciation000000000
Profit before tax-4-3-13222310
Tax %0%0%0%-1%0%24%18%38%27%
Net Profit-4-3-1322228
EPS in Rs-2.01-1.21-0.421.381.010.720.790.743.59

Last Updated: April 10, 2024, 5:51 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 3:53 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales122624245337664171128283208216
Expenses82614145327567176124278202204
Operating Profit4010-010-3-535612
OPM %30%0%48%1%-0%4%1%-4%-3%3%2%3%6%
Other Income00-0-0001000002
Interest3101111111111
Depreciation0000000000000
Profit before tax0-10-1-211-4-724513
Tax %50%7%35%6%1%28%-30%1%0%-1%13%29%
Net Profit0-10-1-201-4-72339
EPS in Rs-0.560.13-0.55-0.720.230.33-1.89-3.220.961.661.534.33
Dividend Payout %150%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142015-20162016-20172018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)100.00%-100.00%100.00%-500.00%-75.00%128.57%50.00%0.00%
Change in YoY Net Profit Growth (%)0.00%-200.00%200.00%-600.00%425.00%203.57%-78.57%-50.00%

Growth

Compounded Sales Growth
10 Years:23%
5 Years:22%
3 Years:7%
TTM:-11%
Compounded Profit Growth
10 Years:19%
5 Years:70%
3 Years:35%
TTM:187%
Stock Price CAGR
10 Years:25%
5 Years:61%
3 Years:100%
1 Year:362%
Return on Equity
10 Years:-2%
5 Years:-2%
3 Years:15%
Last Year:14%

Last Updated: April 15, 2024, 4:30 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3152121212121212121212121
Reserves104764551-5-30411
Borrowings1022895614161312810
Other Liabilities10857258745558
Total Liabilities33283642373641443636383850
Fixed Assets2211111111111
CWIP0000000000000
Investments3444764555575
Other Assets28233136292836383030322943
Total Assets33283642373641443636383850

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 143-917-4-031-3-01
Cash from Investing Activity -2-110-213-01-01-1
Cash from Financing Activity -16-39-1-1-0-1-1-1-1-1-1
Net Cash Flow-3-1004-321-0-5-1-1

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-6.00-2.00-1.00-8.00-9.00-4.00-6.00-17.00-21.00-10.00-7.00-2.00

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 Days313751,271257242771100
Inventory Days12041,384766497518219391624
Days Payable178615,0494863334306933
Cash Conversion Cycle25518-2,394536589435915321321
Working Capital Days282932,45616897139679223432329
ROCE %12%-0%3%-0%-1%4%2%-9%-16%11%16%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2019Sep 2019Dec 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Dec 2023
Promoters55.56%51.88%51.92%52.10%52.10%56.51%60.87%65.46%65.46%65.46%65.46%65.73%
Public44.44%48.12%48.08%47.90%47.90%43.49%39.13%34.54%34.54%34.53%34.53%34.28%
No. of Shareholders244243244238239237231229236231233245

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.)1.531.720.96-3.22-1.89
Diluted EPS (Rs.)1.531.720.96-3.22-1.89
Cash EPS (Rs.)1.601.801.02-3.15-1.83
Book Value[Excl.RevalReserv]/Share (Rs.)11.6710.148.417.4510.67
Book Value[Incl.RevalReserv]/Share (Rs.)11.6710.148.417.4510.67
Revenue From Operations / Share (Rs.)98.30133.7860.2880.5730.15
PBDIT / Share (Rs.)2.652.551.66-2.51-1.37
PBIT / Share (Rs.)2.582.471.60-2.58-1.44
PBT / Share (Rs.)2.171.960.95-3.22-1.91
Net Profit / Share (Rs.)1.531.720.95-3.22-1.89
PBDIT Margin (%)2.691.902.75-3.11-4.53
PBIT Margin (%)2.621.842.64-3.19-4.76
PBT Margin (%)2.201.461.57-3.99-6.33
Net Profit Margin (%)1.551.281.59-3.99-6.28
Return on Networth / Equity (%)13.1316.9911.40-43.19-17.74
Return on Capital Employeed (%)22.0924.3518.92-34.25-13.30
Return On Assets (%)8.589.445.63-18.97-9.08
Long Term Debt / Equity (X)0.000.000.000.010.01
Total Debt / Equity (X)0.310.550.740.990.63
Asset Turnover Ratio (%)5.457.583.554.261.50
Current Ratio (X)2.211.851.591.451.74
Quick Ratio (X)1.201.120.860.991.05
Interest Coverage Ratio (X)6.414.982.57-3.90-2.88
Interest Coverage Ratio (Post Tax) (X)4.704.372.49-4.01-2.99
Enterprise Value (Cr.)28.8429.2720.6819.8112.72
EV / Net Operating Revenue (X)0.130.100.160.110.20
EV / EBITDA (X)5.165.455.91-3.74-4.41
MarketCap / Net Operating Revenue (X)0.130.090.120.100.19
Price / BV (X)1.151.200.921.130.53
Price / Net Operating Revenue (X)0.130.090.120.100.19
EarningsYield0.110.140.12-0.38-0.32

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 31.68

The stock is overvalued by 49.71% compared to the current price ₹63

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 shown consistent growth in sales (100.46 cr) and profit (0.85 cr) over the years.
  1. The stock has a low average ROCE of 3.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 88.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 55.08, which may not be favorable.
  4. The company has higher borrowings (8.85) compared to reserves (3.77), 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 Alacrity Securities Ltd:
    1. Net Profit Margin: 1.55%
      • 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: 22.09% (Industry Average ROCE: 5.44%)
      • 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%: 13.13% (Industry Average ROE: 10.45%)
      • 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): 4.70
      • 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: 1.20
      • 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: 14.5 (Industry average Stock P/E: 12.91)
      • 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: 0.31
      • 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

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.
INDUSTRYADDRESSCONTACT
Finance & Investments101, Haridarshan Building, Bhogilal Phadia Road, Mumbai Maharashtra 400067alacritysec@gmail.com
http://www.alacritysec.com
Management
NamePosition Held
Mr. Hiten R MehtaNon Exe.Non Ind.Director
Mr. Ankur M MehtaInd. Non-Executive Director
Mr. Deven N SanghviInd. Non-Executive Director
Mr. Kishore V ShahExecutive Director & CFO
Mrs. Pooja A GuptaWhole Time Director

Alacrity Securities Ltd. Share Price Update

Share PriceValue
Today₹62.95
Previous Day₹62.95

FAQ

What is the latest fair value of Alacrity Securities Ltd?

The latest fair value of Alacrity Securities Ltd is 31.68.

What is the Market Cap of Alacrity Securities Ltd?

The Market Cap of Alacrity Securities Ltd is 133 Cr..

What is the current Stock Price of Alacrity Securities Ltd as on 20 April 2024?

The current stock price of Alacrity Securities Ltd as on 20 April 2024 is 63.0.

What is the High / Low of Alacrity Securities Ltd stocks in FY 2024?

In FY 2024, the High / Low of Alacrity Securities Ltd stocks is ₹66.0/10.8.

What is the Stock P/E of Alacrity Securities Ltd?

The Stock P/E of Alacrity Securities Ltd is 14.5.

What is the Book Value of Alacrity Securities Ltd?

The Book Value of Alacrity Securities Ltd is 15.3.

What is the Dividend Yield of Alacrity Securities Ltd?

The Dividend Yield of Alacrity Securities Ltd is 0.00 %.

What is the ROCE of Alacrity Securities Ltd?

The ROCE of Alacrity Securities Ltd is 16.6 %.

What is the ROE of Alacrity Securities Ltd?

The ROE of Alacrity Securities Ltd is 14.0 %.

What is the Face Value of Alacrity Securities Ltd?

The Face Value of Alacrity Securities 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 Alacrity Securities 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