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Last Updated on: 15 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 521070 | NSE: ALOKINDS

Alok Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 14, 2024, 11:46 pm

Market Cap 12,224 Cr.
Current Price 24.6
High / Low39.2/16.1
Stock P/E
Book Value 40.8
Dividend Yield0.00 %
ROCE4.40 %
ROE%
Face Value 1.00
PEG Ratio0.00

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

View Share Price Target for Alok Industries Ltd

Competitors of Alok Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gravity (India) Ltd 4.06 Cr. 4.516.00/3.76 4.520.00 %81.2 %86.2 % 10.0
Flora Textiles Ltd 66.0 Cr. 110110/9.0010.6 10.70.00 %88.9 %% 10.0
E-Land Apparel Ltd 72.2 Cr. 15.015.0/5.95 1040.00 %%% 10.0
Acknit Industries Ltd 97.6 Cr. 321369/21010.9 2590.47 %11.3 %11.4 % 10.0
Siyaram Silk Mills Ltd 2,376 Cr. 524572/41012.7 2512.10 %20.5 %16.3 % 2.00
Industry Average3,190.80 Cr169.3514.55100.750.35%31.29%26.27%7.22

All Competitor Stocks of Alok Industries Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales1,2641,9052,1302,0111,9721,6991,7181,5701,4151,3721,2531,4691,006
Expenses1,1651,7911,9321,8571,9251,7101,7601,6401,4031,3361,2591,464986
Operating Profit9911419715447-11-43-701236-6520
OPM %8%6%9%8%2%-1%-2%-4%1%3%-0%0%2%
Other Income661321203048510086
Interest118119124115117120121143154142144156156
Depreciation85858786919191929079797777
Profit before tax-98-84-0-28-142-192-250-297-226-175-229-220-207
Tax %-0%0%0%-3%0%0%0%0%0%0%1%-2%0%
Net Profit-98-84-0-27-142-192-250-298-226-175-230-216-207
EPS in Rs-0.20-0.17-0.00-0.05-0.29-0.39-0.50-0.60-0.46-0.35-0.46-0.43-0.42

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Sep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales9,78521,38824,15312,9248,7235,5143,3523,2983,8487,3106,9895,5105,101
Expenses7,40816,46219,11115,62010,04819,0383,4823,4363,6526,7457,0685,4585,045
Operating Profit2,3774,9265,042-2,696-1,325-13,524-130-138196564-795256
OPM %24%23%21%-21%-15%-245%-4%-4%5%8%-1%1%1%
Other Income-268446377-652117,0632,082-3,86545651924
Interest1,2352,8143,5132,8743,4424,7114,30994489476501596599
Depreciation7491,4181,5221,063561545550542295342365325312
Profit before tax367779471-6,555-5,393-18,5692,0751,308-4,454-209-880-850-830
Tax %75%62%46%-34%-43%0%-0%-0%27%-0%0%-0%
Net Profit93297258-4,357-3,083-18,5802,0761,310-5,673-209-880-847-828
EPS in Rs0.682.151.88-31.63-22.39-134.9015.075.93-11.43-0.42-1.77-1.71-1.66
Dividend Payout %27%14%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)219.35%-1788.76%29.24%-502.66%111.17%-36.90%-533.05%96.32%-321.05%3.75%
Change in YoY Net Profit Growth (%)0.00%-2008.11%1818.00%-531.90%613.83%-148.07%-496.16%629.37%-417.37%324.80%

Alok Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2012-2013 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:-13%
5 Years:10%
3 Years:13%
TTM:-24%
Compounded Profit Growth
10 Years:%
5 Years:13%
3 Years:19%
TTM:4%
Stock Price CAGR
10 Years:8%
5 Years:71%
3 Years:-3%
1 Year:20%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 4:12 pm

MonthMar 2012Sep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital8261,3771,3771,3581,3581,3691,369221497497497497497
Reserves2,0332,1082,2653,197331-18,044-15,986-12,541-18,166-18,404-19,397-20,272-20,744
Borrowings16,05019,93218,00922,03725,50627,41525,34629,39024,18624,34124,16326,01525,929
Other Liabilities2,2343,5408,2906,7915,5117,9627,2868391,5271,7932,1991,1681,198
Total Liabilities21,14426,95729,94133,38332,70618,70218,01517,9088,0448,2287,4617,4076,879
Fixed Assets9,4589,7658,68716,64516,76316,06315,57215,0336,0435,8205,5205,2154,990
CWIP924550100416410118151835
Investments1,5931,3491,3031,18918495969500000
Other Assets9,16815,29319,85215,50815,7532,5402,3462,7801,9902,4001,9272,1741,854
Total Assets21,14426,95729,94133,38332,70618,70218,01517,9088,0448,2287,4617,4076,879

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Sep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -456943,839-3,006-3,032-98115-266345225813-1,161
Cash from Investing Activity -1,281-733156449-1002113829-203-108-129-198
Cash from Financing Activity 2,160830-4,6312,4573,172-149-180599-345-293-6871,364
Net Cash Flow424190-636-10040-36-27362-203-177-35

Free Cash Flow

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2013
Free Cash Flow-14.00-13.00-24.00-26.00-40.00-155.00-167.00172.00540.00-103.0026.00-15.00

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

MonthMar 2012Sep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days828711617142121262733251831
Inventory Days2681801962951533568721731027994
Days Payable4463844967731707919710512349
Cash Conversion Cycle306204228416507-18-76191022-2676
Working Capital Days140120172297277-597-850-15825-1830
ROCE %10%19%18%-15%-7%-73%-6%-5%-1%4%-7%-4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs1.39%1.45%1.70%1.98%1.98%2.02%2.07%2.16%2.15%2.24%2.34%2.46%
DIIs0.73%0.74%0.74%0.74%0.63%0.43%0.35%0.32%0.34%0.37%0.37%0.38%
Public22.88%22.81%22.56%22.28%22.37%22.56%22.57%22.51%22.51%22.39%22.29%22.16%
No. of Shareholders4,80,8544,79,6555,16,1585,23,7105,23,8715,31,8835,32,2845,75,5156,62,3076,94,08110,28,73610,23,488

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Nifty Smallcap 250 Index Fund1,152,5550.183.11,152,5552024-10-140%
Motilal Oswal Nifty Smallcap 250 Index Fund525,9060.181.421,152,5552024-10-14-54.37%
Motilal Oswal Nifty 500 Index Fund129,4120.020.351,152,5552024-10-14-88.77%
Motilal Oswal Nifty Smallcap 250 ETF29,8470.180.081,152,5552024-10-14-97.41%
Motilal Oswal Nifty 500 ETF4,3570.020.011,152,5552024-10-14-99.62%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-1.71-1.77-0.42-15.199.05
Diluted EPS (Rs.)-1.71-1.77-0.42-15.193.32
Cash EPS (Rs.)-1.05-1.040.27-10.838.38
Book Value[Excl.RevalReserv]/Share (Rs.)-39.83-38.06-36.06-35.56-55.67
Book Value[Incl.RevalReserv]/Share (Rs.)-39.83-38.06-36.06-35.56-55.67
Revenue From Operations / Share (Rs.)11.1013.9714.727.7515.06
PBDIT / Share (Rs.)0.14-0.021.230.44-0.39
PBIT / Share (Rs.)-0.50-0.760.53-0.14-2.85
PBT / Share (Rs.)-1.71-1.77-0.41-8.975.92
Net Profit / Share (Rs.)-1.70-1.77-0.41-11.435.93
NP After MI And SOA / Share (Rs.)-1.71-1.77-0.42-11.435.93
PBDIT Margin (%)1.30-0.188.345.77-2.64
PBIT Margin (%)-4.58-5.443.66-1.89-18.92
PBT Margin (%)-15.40-12.67-2.85-115.7639.32
Net Profit Margin (%)-15.35-12.67-2.84-147.4539.39
NP After MI And SOA Margin (%)-15.36-12.69-2.85-147.4539.36
Return on Networth / Equity (%)0.000.000.000.00-10.64
Return on Capital Employeed (%)-5.40-12.395.85-1.41-3.92
Return On Assets (%)-11.43-11.80-2.53-70.537.31
Long Term Debt / Equity (X)-1.05-1.14-1.24-1.29-2.30
Total Debt / Equity (X)-1.14-1.27-1.35-1.35-2.36
Asset Turnover Ratio (%)0.740.880.890.290.17
Current Ratio (X)0.650.400.610.630.76
Quick Ratio (X)0.310.170.260.300.54
Inventory Turnover Ratio (X)3.694.174.733.805.47
Interest Coverage Ratio (X)0.12-0.021.280.45-0.77
Interest Coverage Ratio (Post Tax) (X)-0.41-0.750.56-2.64-5.52
Enterprise Value (Cr.)38576.5029846.4736869.2033651.1429464.46
EV / Net Operating Revenue (X)7.004.305.048.758.85
EV / EBITDA (X)536.46-2326.3060.45151.44-334.22
MarketCap / Net Operating Revenue (X)2.320.821.722.600.26
Price / BV (X)-0.64-0.30-0.70-0.56-0.07
Price / Net Operating Revenue (X)2.320.821.722.600.26
EarningsYield-0.06-0.15-0.01-0.561.51

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Alok Industries Ltd as of October 15, 2024 is: ₹93.64

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 October 15, 2024, Alok Industries Ltd is Undervalued by 280.65% compared to the current share price ₹24.60

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of Alok Industries Ltd as of October 15, 2024 is: ₹150.63

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 October 15, 2024, Alok Industries Ltd is Undervalued by 512.32% compared to the current share price ₹24.60

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 60.86%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -34.25, which is a positive sign.
  1. The stock has a low average ROCE of -5.58%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 139.00, which may not be favorable.
  3. The company has higher borrowings (23,716.85) compared to reserves (-10,278.46), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (8.54) and profit (-90.92).

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 Alok Industries Ltd:
    1. Net Profit Margin: -15.35%
      • 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: -5.4% (Industry Average ROCE: 27.81%)
      • 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% (Industry Average ROE: 17.51%)
      • 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): -0.41
      • 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: 0.31
      • 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: 0 (Industry average Stock P/E: 9.7)
      • 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: -1.14
      • 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

Alok Industries Ltd. is a Public Limited Listed company incorporated on 11/02/1993 and has its registered office in the State of Dadra & Nagar Haveli, India. Company’s Corporate Identification Number(CIN) is L17110DN1986PLC000334 and registration number is 000334. Currently company belongs to the Industry of Textiles - Weaving. Company’s Total Operating Revenue is Rs. 7150.91 Cr. and Equity Capital is Rs. 496.53 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - WeavingWeaving: Silvassa Dadra & Nagar Haveli 396230investor.relations@alokind.com
http://www.alokind.com
Management
NamePosition Held
Mr. A SiddharthChairman & Ind.Director
Mr. Mumtaz BandukwalaIndependent Director
Mr. Rahul DuttIndependent Director
Mr. Hemant DesaiNon Exe. & Nominee Director
Mr. Anil Kumar RajbanshiNon Exe. & Nominee Director
Mr. Nirav ParekhNon Exe. & Nominee Director
Mr. V RamachandranNon Exe. & Nominee Director

FAQ

What is the latest fair value of Alok Industries Ltd?

The latest fair value of Alok Industries Ltd is ₹93.64.

What is the Market Cap of Alok Industries Ltd?

The Market Cap of Alok Industries Ltd is 12,224 Cr..

What is the current Stock Price of Alok Industries Ltd as on 15 October 2024?

The current stock price of Alok Industries Ltd as on 15 October 2024 is ₹24.6.

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 39.2/16.1.

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 40.8.

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 4.40 %.

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