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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 523537 | NSE: APMIN

Fundamental Analysis of APM Industries Ltd

Basic Stock Data

Last Updated: April 23, 2024, 2:32 pm

Market Cap 156 Cr.
Current Price 72.0
High / Low92.0/47.0
Stock P/E26.5
Book Value 78.1
Dividend Yield2.22 %
ROCE16.8 %
ROE13.3 %
Face Value 2.00

Data Source:

Competitors of APM Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aditya Spinners Ltd 40.0 Cr. 23.932.0/18.751.3 29.30.00 %9.17 %10.3 % 10.0
RSWM Ltd 913 Cr. 194243/160 2742.57 %8.16 %8.30 % 10.0
Sangam (India) Ltd 2,263 Cr. 448630/22630.4 2150.45 %15.5 %18.6 % 10.0
Industry Average1,072.00 Cr221.9727.23172.771.01%10.94%12.40%10.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Operating Profit6.835.467.268.027.788.0111.2312.438.525.193.383.984.05
OPM %9.23%7.82%15.10%8.57%8.98%9.05%11.89%12.37%9.78%6.62%4.35%4.70%5.40%
Other Income0.190.620.040.270.430.680.360.350.250.670.260.610.15
Profit before tax4.563.754.955.846.036.399.3310.746.703.521.192.071.70
Tax %30.70%26.67%46.87%42.98%31.18%27.39%29.26%28.96%30.75%29.55%31.09%32.85%30.00%
Net Profit3.162.752.633.334.154.646.607.634.642.480.821.391.19
EPS in Rs1.461.271.221.541.922.153.063.532.151.150.380.640.55

Last Updated: April 10, 2024, 6:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 2:33 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit28393831311918141716313717
OPM %11%14%12%10%12%8%7%5%6%7%10%10%5%
Other Income11334119421122
Profit before tax2033332931231887723308
Tax %35%33%36%34%34%31%30%9%-0%30%36%30%
Net Profit1322211920161377515216
EPS in Rs5.8410.219.928.739.307.425.813.403.322.226.839.882.72
Dividend Payout %10%16%20%31%38%27%17%15%0%0%15%16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

YoY Net Profit Growth (%)69.23%-4.55%-9.52%5.26%-20.00%-18.75%-46.15%0.00%-28.57%200.00%40.00%
Change in YoY Net Profit Growth (%)0.00%-73.78%-4.98%14.79%-25.26%1.25%-27.40%46.15%-28.57%228.57%-160.00%


Compounded Sales Growth
10 Years:2%
5 Years:6%
3 Years:10%
Compounded Profit Growth
10 Years:0%
5 Years:11%
3 Years:44%
Stock Price CAGR
10 Years:11%
5 Years:13%
3 Years:41%
1 Year:14%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:9%
Last Year:13%

Last Updated: April 16, 2024, 6:06 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4444444444444
Other Liabilities20273239345861655852545558
Total Liabilities196212216232252278298244241221240248253
Fixed Assets124120121118120130145148157152160170172
Other Assets70848380808780898469797880
Total Assets196212216232252278298244241221240248253

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3821323023727721281534
Cash from Investing Activity -4-7-9-20-23-14-27-11-9-4-15-17
Cash from Financing Activity -35-14-23-90603-11-25-0-16
Net Cash Flow-0-001-000-00-0-01

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-12.007.0021.0016.002.00-22.00-29.00-43.00-35.00-17.00-4.0013.00

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 Days333231283341354031232313
Inventory Days836883751021239611212312210094
Days Payable3546936334241362322
Cash Conversion Cycle11394111961261279911011311010085
Working Capital Days687064516784616563606049
ROCE %13%20%20%16%15%12%10%6%7%6%15%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
No. of Shareholders8,2658,1448,6829,2619,5459,3189,2069,3109,2989,2269,1129,542

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 18Mar 17
Basic EPS (Rs.)5.917.43
Diluted EPS (Rs.)5.917.43
Cash EPS (Rs.)8.159.37
Book Value[Excl.RevalReserv]/Share (Rs.)88.0682.77
Book Value[Incl.RevalReserv]/Share (Rs.)88.0682.77
Revenue From Operations / Share (Rs.)127.79114.63
PBDIT / Share (Rs.)12.6113.79
PBIT / Share (Rs.)10.3711.85
PBT / Share (Rs.)8.4810.74
Net Profit / Share (Rs.)5.917.43
NP After MI And SOA / Share (Rs.)5.917.43
PBDIT Margin (%)9.8612.03
PBIT Margin (%)8.1110.33
PBT Margin (%)6.639.36
Net Profit Margin (%)4.626.47
NP After MI And SOA Margin (%)4.626.47
Return on Networth / Equity (%)6.708.97
Return on Capital Employeed (%)9.1811.33
Return On Assets (%)4.285.75
Long Term Debt / Equity (X)0.080.06
Total Debt / Equity (X)0.210.20
Asset Turnover Ratio (%)0.950.00
Current Ratio (X)1.541.68
Quick Ratio (X)0.780.79
Inventory Turnover Ratio (X)3.500.00
Dividend Payout Ratio (NP) (%)8.4620.19
Dividend Payout Ratio (CP) (%)6.1316.00
Earning Retention Ratio (%)91.5479.81
Cash Earning Retention Ratio (%)93.8784.00
Interest Coverage Ratio (X)6.6812.46
Interest Coverage Ratio (Post Tax) (X)4.137.71
Enterprise Value (Cr.)153.95184.43
EV / Net Operating Revenue (X)0.550.74
EV / EBITDA (X)5.656.19
MarketCap / Net Operating Revenue (X)0.410.60
Retention Ratios (%)91.5379.80
Price / BV (X)0.600.83
Price / Net Operating Revenue (X)0.410.60

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 281.37

The stock is undervalued by 290.80% compared to the current price ₹72

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

  1. The company has higher reserves (155.08 cr) compared to borrowings (34.54 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (286.46 cr) and profit (20.77 cr) over the years.
  1. The stock has a low average ROCE of 13.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 63.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 107.00, which may not be favorable.

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 APM Industries Ltd:
    1. Net Profit Margin: 4.62%
      • 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: 9.18% (Industry Average ROCE: 10.94%)
      • 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%: 6.70% (Industry Average ROE: 12.4%)
      • 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): 4.13
      • 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: 0.78
      • 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: 26.5 (Industry average Stock P/E: 27.23)
      • 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: 0.21
      • 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

APM Industries Ltd. is a Public Limited Listed company incorporated on 21/09/1973 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L21015RJ1973PLC015819 and registration number is 015819. Currently Company is involved in the business activities of Preparation and spinning of man-made fiber including blended* man-made fiber. Company’s Total Operating Revenue is Rs. 316.83 Cr. and Equity Capital is Rs. 4.32 Cr. for the Year ended 31/03/2022.
Textiles - Spinning - Synthetic BlendedSP-147, RIICO Industrial Area, Bhiwadi, Alwar District Rajasthan
NamePosition Held
Mr. Rajendra Kumar RajgarhiaChairman & Wholetime Director
Mr. Hari Ram SharmaManaging Director
Mr. S G RajgarhiaNon Executive Director
Mr. Khushi Ram GuptaIndependent Director
Mr. Ram Ratan BagriIndependent Director
Mrs. Uma HadaIndependent Director

APM Industries Ltd. Share Price Update

Share PriceValue
Previous Day₹68.10


What is the latest fair value of APM Industries Ltd?

The latest fair value of APM Industries Ltd is ₹281.37.

What is the Market Cap of APM Industries Ltd?

The Market Cap of APM Industries Ltd is 156 Cr..

What is the current Stock Price of APM Industries Ltd as on 23 April 2024?

The current stock price of APM Industries Ltd as on 23 April 2024 is 72.0.

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

In FY 2024, the High / Low of APM Industries Ltd stocks is ₹92.0/47.0.

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

The Stock P/E of APM Industries Ltd is 26.5.

What is the Book Value of APM Industries Ltd?

The Book Value of APM Industries Ltd is 78.1.

What is the Dividend Yield of APM Industries Ltd?

The Dividend Yield of APM Industries Ltd is 2.22 %.

What is the ROCE of APM Industries Ltd?

The ROCE of APM Industries Ltd is 16.8 %.

What is the ROE of APM Industries Ltd?

The ROE of APM Industries Ltd is 13.3 %.

What is the Face Value of APM Industries Ltd?

The Face Value of APM Industries Ltd is 2.00.

About the Author

Author Avatar

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 APM 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 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