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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 521070 | NSE: ALOKINDS

Fundamental Analysis of Alok Industries Ltd

About the Company - Alok Industries Ltd

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Basic Stock Data of Alok Industries Ltd

Last Updated: April 8, 2024, 5:12 am

Market Cap 14,151 Cr.
Current Price 28.5
High / Low39.2/11.4
Stock P/E
Book Value 38.9
Dividend Yield0.00 %
ROCE6.86 %
ROE%
Face Value 1.00

Data Source: screener.in

Competitors of Alok Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Acknit Industries Ltd 78.4 Cr. 258328/13610.1 2420.58 %12.9 %13.7 % 10.0
Siyaram Silk Mills Ltd 2,138 Cr. 471635/43110.5 2632.33 %27.9 %23.7 % 2.00
Orbit Exports Ltd 433 Cr. 164230/12912.8 89.30.00 %19.5 %16.9 % 10.0
Industry Average883.13 Cr297.6711.13198.100.97%20.10%18.10%7.33

Alok Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,2021,4671,2641,9052,1302,0111,9721,6991,7181,5621,4101,3721,253
Expenses1,0651,3151,1651,7911,9321,8571,9251,7101,7601,6311,3981,3361,259
Operating Profit1371529911419715447-11-43-701236-6
OPM %11%10%8%6%9%8%2%-1%-2%-4%1%3%-0%
Other Income8-6396613212030485100
Interest124120118119124115117120121143154142144
Depreciation55498585878691919192907979
Profit before tax-35-656-98-84-0-28-142-192-250-297-226-175-229
Tax %0%24%0%0%0%3%0%0%0%-0%0%0%-1%
Net Profit-35-500-98-84-0-27-142-192-250-298-226-175-230
EPS in Rs-0.07-1.01-0.20-0.17-0.00-0.05-0.29-0.39-0.50-0.60-0.46-0.35-0.46

Alok Industries Ltd Quarterly Chart

Alok Industries Ltd Profit & Loss

MonthMar 2011Mar 2012Sep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6,6159,78521,38824,15312,9248,7235,5143,3523,2983,8487,3106,9376,036
Expenses4,8287,40816,46219,11115,62010,04819,0383,4823,4363,6526,7457,0166,102
Operating Profit1,7872,3774,9265,042-2,696-1,325-13,524-130-138196564-79-66
OPM %27%24%23%21%-21%-15%-245%-4%-4%5%8%-1%-1%
Other Income27-268446377-652117,0632,082-3,865456529
Interest7821,2352,8143,5132,8743,4424,7114,30994489476501560
Depreciation5317491,4181,5221,063561545550542295342365351
Profit before tax501367779471-6,555-5,393-18,5692,0751,308-4,454-209-880-948
Tax %36%75%62%46%34%43%-0%-0%-0%-27%0%-0%
Net Profit31293297258-4,357-3,083-18,5802,0761,310-5,673-209-880-948
EPS in Rs2.370.682.151.88-31.63-22.39-134.9015.075.93-11.43-0.42-1.77-1.91
Dividend Payout %6%27%14%0%0%0%0%0%0%0%0%0%

Alok Industries Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2011-20122012-20132015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-70.19%219.35%-1788.76%29.24%-502.66%111.17%-36.90%-533.05%96.32%-321.05%
Change in YoY Net Profit Growth (%)0.00%289.55%-2008.11%1818.00%-531.90%613.83%-148.07%-496.16%629.37%-417.37%

Alok Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:28%
TTM:-24%
Compounded Profit Growth
10 Years:%
5 Years:14%
3 Years:-8%
TTM:-52%
Stock Price CAGR
10 Years:14%
5 Years:45%
3 Years:11%
1 Year:131%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Alok Industries Ltd Balance Sheet

MonthMar 2011Mar 2012Sep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital7888261,3771,3771,3581,3581,3691,369221497497497497
Reserves2,0042,0332,1082,2653,197331-18,044-15,986-12,541-18,166-18,404-19,397-19,819
Preference Capital0000000012250239240
Borrowings12,12316,05019,93218,00922,03725,50627,41525,34629,37723,93624,10223,92223,900
Other Liabilities1,5532,2343,5408,2906,7915,5117,9627,2868511,7772,0332,4392,800
Total Liabilities16,46821,14426,95729,94133,38332,70618,70218,01517,9088,0448,2287,4617,377
Fixed Assets7,6709,4589,7658,68716,64516,76316,06315,57215,0336,0435,8205,5205,354
CWIP9009245501004164101181522
Investments1,7171,5931,3491,3031,1891849596950000
Other Assets6,1809,16815,29319,85215,50815,7532,5402,3462,7801,9902,4001,9272,002
Total Assets16,46821,14426,95729,94133,38332,70618,70218,01517,9088,0448,2287,4617,377

Alok Industries Ltd Reserves and Borrowings Chart

Alok Industries Ltd Cash Flow

MonthMar 2011Mar 2012Sep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 896-456943,839-3,006-3,032-98115-266345225813
Cash from Investing Activity -2,673-1,281-733156449-1002113829-203-108-129
Cash from Financing Activity 1,2492,160830-4,6312,4573,172-149-180599-345-293-687
Net Cash Flow-528424190-636-10040-36-27362-203-177-3

Alok Industries Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Sep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1008287116171421212627332518
Inventory Days22726818019629515335687217310279
Days Payable6444638449677317079197105123
Cash Conversion Cycle263306204228416507-18-76191022-26
Working Capital Days127140120172297277-597-850-15825-18
ROCE %10%10%19%18%-15%-7%-73%-6%-5%-1%4%-7%

Alok Industries Ltd Financial Efficiency Indicators Chart

Alok Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs0.90%1.30%1.39%1.45%1.70%1.98%1.98%2.02%2.07%2.16%2.15%2.24%
DIIs0.73%0.74%0.73%0.74%0.74%0.74%0.63%0.43%0.35%0.32%0.34%0.37%
Public23.38%22.96%22.88%22.81%22.56%22.28%22.37%22.56%22.57%22.51%22.51%22.39%
No. of Shareholders4,31,5794,72,9284,80,8544,79,6555,16,1585,23,7105,23,8715,31,8835,32,2845,75,5156,62,3076,94,081

Alok Industries Ltd Shareholding Pattern Chart

No. of Alok Industries Ltd Shareholders

Alok Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Nifty Smallcap 250 Index Fund7093070.191.34
Motilal Oswal Nifty Smallcap 250 Index Fund4458570.190.84
Motilal Oswal Nifty 500 Index Fund499020.020.09
Edelweiss Nifty Smallcap 250 Index Fund137790.190.03
Motilal Oswal Nifty 500 ETF22530.020

Alok Industries Ltd ROCE Trend

Alok Industries Ltd EPS Trend

Alok Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.0010.00
Basic EPS (Rs.)-1.77-0.42-15.199.0515.17
Diluted EPS (Rs.)-1.77-0.42-15.193.3215.17
Cash EPS (Rs.)-1.040.27-10.838.3819.19
Book Value[Excl.RevalReserv]/Share (Rs.)-38.06-36.06-35.56-55.67-106.80
Book Value[Incl.RevalReserv]/Share (Rs.)-38.06-36.06-35.56-55.67-106.80
Revenue From Operations / Share (Rs.)13.9714.727.7515.0624.49
PBDIT / Share (Rs.)-0.021.230.44-0.39-0.80
PBIT / Share (Rs.)-0.760.53-0.14-2.85-4.82
PBT / Share (Rs.)-1.77-0.41-8.975.9215.17
Net Profit / Share (Rs.)-1.77-0.41-11.435.9315.18
NP After MI And SOA / Share (Rs.)-1.77-0.42-11.435.9315.17
PBDIT Margin (%)-0.188.345.77-2.64-3.30
PBIT Margin (%)-5.443.66-1.89-18.92-19.69
PBT Margin (%)-12.67-2.85-115.7639.3261.93
Net Profit Margin (%)-12.67-2.84-147.4539.3961.96
NP After MI And SOA Margin (%)-12.69-2.85-147.4539.3661.93
Return on Networth / Equity (%)0.000.000.00-10.64-14.20
Return on Capital Employeed (%)-12.395.85-1.41-3.927.92
Return On Assets (%)-11.80-2.53-70.537.3111.52
Long Term Debt / Equity (X)-1.14-1.24-1.29-2.30-0.41
Total Debt / Equity (X)-1.27-1.35-1.35-2.36-1.63
Asset Turnover Ratio (%)0.870.890.290.170.17
Current Ratio (X)0.400.610.630.760.03
Quick Ratio (X)0.170.260.300.540.01
Inventory Turnover Ratio (X)4.294.733.805.475.04
Interest Coverage Ratio (X)-0.021.280.45-0.77-0.02
Interest Coverage Ratio (Post Tax) (X)-0.750.56-2.64-5.52-0.15
Enterprise Value (Cr.)29846.4736869.2033651.1429464.4624374.84
EV / Net Operating Revenue (X)4.305.048.758.857.27
EV / EBITDA (X)-2326.3060.45151.44-334.22-220.31
MarketCap / Net Operating Revenue (X)0.821.722.600.260.18
Price / BV (X)-0.30-0.70-0.56-0.07-0.04
Price / Net Operating Revenue (X)0.821.722.600.260.18
EarningsYield-0.15-0.01-0.561.513.41

Alok Industries Ltd Profitability Ratios (%)

Alok Industries Ltd Liquidity Ratios

Alok Industries Ltd Liquidity Ratios (%)

Alok Industries Ltd Interest Coverage Ratios (X)

Alok Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Alok Industries Ltd

Fair Value: 89.28

The stock is undervalued by 213.25% compared to the current price ₹28.5

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 of Alok Industries Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -26.17, which is a positive sign.
  2. The company has shown consistent growth in sales (8.62 cr) and profit (5.54 cr) over the years.
  1. The stock has a low average ROCE of -4.42%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 154.58, which may not be favorable.
  3. The company has higher borrowings (57.00) compared to reserves (-8,493.77), which may suggest financial risk.

Should I Buy Alok Industries Ltd Share Now?

  • 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 Alok Industries Ltd:
    1. Net Profit Margin: -12.67%
      • 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: -12.39% (Industry Average ROCE: 20.1%)
      • 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%: 0.00% (Industry Average ROE: 18.1%)
      • 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): -0.75
      • 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: 0.17
      • 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 of N/A (Industry average Stock P/E: 11.12)
      • 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: -1.27
      • 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: ★☆☆☆☆

FAQ

What is the latest fair value of Alok Industries Ltd?

The latest fair value of Alok Industries Ltd is 89.28.

What is the Market Cap of Alok Industries Ltd?

The Market Cap of Alok Industries Ltd is 14,151 Cr..

What is the current Stock Price of Alok Industries Ltd as on 13 April 2024?

The current stock price of Alok Industries Ltd as on 13 April 2024 is 28.5.

What is the High / Low of Alok Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Alok Industries Ltd stocks is ₹39.2/11.4.

What is the Stock P/E of Alok Industries Ltd?

The Stock P/E of Alok Industries Ltd is .

What is the Book Value of Alok Industries Ltd?

The Book Value of Alok Industries Ltd is 38.9.

What is the Dividend Yield of Alok Industries Ltd?

The Dividend Yield of Alok Industries Ltd is 0.00 %.

What is the ROCE of Alok Industries Ltd?

The ROCE of Alok Industries Ltd is 6.86 %.

What is the ROE of Alok Industries Ltd?

The ROE of Alok Industries Ltd is %.

What is the Face Value of Alok Industries Ltd?

The Face Value of Alok Industries Ltd is 1.00.

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 Alok Industries 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