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Last Updated on: 10 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 535916 | NSE: ALSL

Alacrity Securities Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 9, 2024, 9:51 pm

Market Cap 391 Cr.
Current Price 162
High / Low188/25.4
Stock P/E29.7
Book Value 36.4
Dividend Yield0.00 %
ROCE43.5 %
ROE32.9 %
Face Value 10.0
PEG Ratio0.52

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

View Share Price Target for Alacrity Securities Ltd

Competitors of Alacrity Securities Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Munoth Financial Services Ltd 34.6 Cr. 67.381.3/54.6 21.20.00 %1.71 %1.79 % 10.0
My Money Securities Ltd 101 Cr. 60.069.2/0.007.77 18.50.00 %12.0 %11.3 % 10.0
Nam Securities Ltd 86.3 Cr. 160198/62.8240 21.20.00 %4.16 %3.05 % 10.0
Naperol Investments Ltd 782 Cr. 1,3602,041/801797 3,2040.00 %0.08 %0.05 % 10.0
Inani Securities Ltd 12.8 Cr. 28.042.0/20.58.81 42.20.00 %10.6 %6.92 % 10.0
Industry Average6,985.25 Cr2,081.094,025.235,656.720.25%15.26%17.03%7.39

All Competitor Stocks of Alacrity Securities Ltd

Quarterly Result

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
Sales106641311415412811691125216
Expenses110661311115212511489115209
Operating Profit-4-2-032223107
OPM %-4%-4%-3%3%2%2%2%3%8%3%
Other Income100000001-1
Interest1111010000
Depreciation0000000000
Profit before tax-4-3-132223106
Tax %-0%-0%-0%-1%-0%24%18%38%27%36%
Net Profit-4-3-13222284
EPS in Rs-2.01-1.21-0.421.381.010.720.790.743.591.84

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:07 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales2624245337664171128283208342
Expenses2614145327567176124278202324
Operating Profit010-010-3-535617
OPM %0%48%1%-0%4%1%-4%-3%3%2%3%5%
Other Income0-0-000100000-0
Interest101111111111
Depreciation000000000000
Profit before tax-10-1-211-4-724516
Tax %-7%35%-6%-1%28%-30%-1%0%-1%13%29%30%
Net Profit-10-1-201-4-723311
EPS in Rs-0.560.13-0.55-0.720.230.33-1.89-3.220.961.661.535.43
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142015-20162016-20172018-20192019-20202020-20212021-20222022-20232023-2024
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%

Alacrity Securities Ltd 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:38%
5 Years:93%
3 Years:158%
1 Year:396%
Return on Equity
10 Years:3%
5 Years:12%
3 Years:24%
Last Year:33%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:56 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital15212121212121212121212150
Reserves4764551-5-3041511
Borrowings22895614161312825
Other Liabilities857258745552745
Total Liabilities283642373641443636383865112
Fixed Assets2111111111115
CWIP0000000000000
Investments444764555571711
Other Assets23313629283638303032294895
Total Assets283642373641443636383865112

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +3-917-4-031-3-010
Cash from Investing Activity +-110-213-01-01-1-9
Cash from Financing Activity +-39-1-1-0-1-1-1-1-1-18
Net Cash Flow-1004-321-0-5-1-1-0

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-2.00-1.00-8.00-9.00-4.00-6.00-17.00-21.00-10.00-7.00-2.0015.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days751,2712572427711002
Inventory Days41,38476649751821939162420
Days Payable615,049486333430693314
Cash Conversion Cycle18-2,3945365894359153213218
Working Capital Days932,4561689713967922343232923
ROCE %-0%3%-0%-1%4%2%-9%-16%11%16%17%49%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2019Dec 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Dec 2023Mar 2024
Promoters52.14%51.92%56.39%52.37%56.77%61.14%65.73%65.73%65.73%65.73%65.73%65.73%
Public47.86%48.08%43.61%47.63%43.23%38.86%34.27%34.28%34.26%34.27%34.28%34.27%
No. of Shareholders243244238239237231229236232233245289

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.431.531.720.96-3.22
Diluted EPS (Rs.)5.431.531.720.96-3.22
Cash EPS (Rs.)5.531.601.801.02-3.15
Book Value[Excl.RevalReserv]/Share (Rs.)21.3711.6710.148.417.45
Book Value[Incl.RevalReserv]/Share (Rs.)21.3711.6710.148.417.45
Revenue From Operations / Share (Rs.)161.8698.30133.7860.2880.57
PBDIT / Share (Rs.)8.262.652.551.66-2.51
PBIT / Share (Rs.)8.162.582.471.60-2.58
PBT / Share (Rs.)7.802.171.960.95-3.22
Net Profit / Share (Rs.)5.431.531.720.95-3.22
PBDIT Margin (%)5.102.691.902.75-3.11
PBIT Margin (%)5.042.621.842.64-3.19
PBT Margin (%)4.822.201.461.57-3.99
Net Profit Margin (%)3.351.551.281.59-3.99
Return on Networth / Equity (%)25.4213.1316.9911.40-43.19
Return on Capital Employeed (%)38.2022.0924.3518.92-34.25
Return On Assets (%)17.548.589.445.63-18.97
Long Term Debt / Equity (X)0.000.000.000.000.01
Total Debt / Equity (X)0.040.310.550.740.99
Asset Turnover Ratio (%)6.635.457.583.554.26
Current Ratio (X)2.692.211.851.591.45
Quick Ratio (X)1.841.201.120.860.99
Interest Coverage Ratio (X)22.716.414.982.57-3.90
Interest Coverage Ratio (Post Tax) (X)15.944.704.372.49-4.01
Enterprise Value (Cr.)128.1528.8429.2720.6819.81
EV / Net Operating Revenue (X)0.370.130.100.160.11
EV / EBITDA (X)7.365.165.455.91-3.74
MarketCap / Net Operating Revenue (X)0.380.130.090.120.10
Price / BV (X)2.951.151.200.921.13
Price / Net Operating Revenue (X)0.380.130.090.120.10
EarningsYield0.080.110.140.12-0.38

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Alacrity Securities Ltd as of December 10, 2024 is: 362.79

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 10, 2024, Alacrity Securities Ltd is Undervalued by 123.94% compared to the current share price 162.00

Intrinsic Value of Alacrity Securities Ltd as of December 10, 2024 is: 570.90

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 10, 2024, Alacrity Securities Ltd is Undervalued by 252.41% compared to the current share price 162.00

Last 5 Year EPS CAGR: 57.36%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (118.33 cr) and profit (1.17 cr) over the years.
  1. The stock has a low average ROCE of 6.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 66.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 34.50, which may not be favorable.
  4. The company has higher borrowings (7.85) compared to reserves (4.15), 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: 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: 15.06%)
      • 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: 15.67%)
      • 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: 29.7 (Industry average Stock P/E: 3)
      • 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.
INDUSTRYADDRESSCONTACT
Finance & Investments101, Haridarshan Building, Bhogilal Phadia Road, Mumbai Maharashtra 400067alacritysec@gmail.com
http://www.alacritysec.com
Management
NamePosition Held
Mr. Kishor Vithaldas ShahWholeTime Director & CFO
Mrs. Pooja Ashutosh GuptaWhole Time Director
Mr. Hiten Ramniklal MehtaNon Exe.Non Ind.Director
Mr. Gurunath Subramanyam MudlapurNon Exe.Non Ind.Director
Mr. Deven Narendra SanghviInd. Non-Executive Director
Mr. Bhuwnesh BansalInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Alacrity Securities Ltd?

The latest intrinsic value of Alacrity Securities Ltd as on 10 December 2024 is ₹362.79, which is 123.94% higher than the current market price of ₹162.00. The stock has a market capitalization of 391 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 ₹11 Cr and total liabilities of ₹112 Cr.

What is the Market Cap of Alacrity Securities Ltd?

The Market Cap of Alacrity Securities Ltd is 391 Cr..

What is the current Stock Price of Alacrity Securities Ltd as on 10 December 2024?

The current stock price of Alacrity Securities Ltd as on 10 December 2024 is 162.

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

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

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

The Stock P/E of Alacrity Securities Ltd is 29.7.

What is the Book Value of Alacrity Securities Ltd?

The Book Value of Alacrity Securities Ltd is 36.4.

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 43.5 %.

What is the ROE of Alacrity Securities Ltd?

The ROE of Alacrity Securities Ltd is 32.9 %.

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