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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Aries Agro Ltd

About the Company - Aries Agro Ltd

Aries Agro Ltd. is a Public Limited Listed company incorporated on 27/11/1969 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1969PLC014465 and registration number is 014465. Currently Company is involved in the business activities of Manufacture of other fertilizers. Company’s Total Operating Revenue is Rs. 439.47 Cr. and Equity Capital is Rs. 13.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
FertilisersAries House , Mumbai Maharashtra 400043investorrelations@ariesagro.com
http://www.ariesagro.com
Management
NamePosition Held
Dr. Rahul MirchandaniChairman & Managing Director
Dr. Jimmy MirchandaniNon Exe.Non Ind.Director
Mrs. Nitya MirchandaniNon Exe.Non Ind.Director
Mr. C B ChhayaIndependent Director
Mr. Nrupang B DholakiaIndependent Director
Prof. R S S ManiIndependent Director

Aries Agro Ltd. Share Price Update

Share PriceValue
Today₹257.75
Previous Day₹270.60

Basic Stock Data of Aries Agro Ltd

Last Updated: April 8, 2024, 9:37 am

Market Cap 360 Cr.
Current Price 277
High / Low343/156
Stock P/E23.6
Book Value 200
Dividend Yield0.35 %
ROCE14.2 %
ROE6.83 %
Face Value 10.0

Data Source: screener.in

Competitors of Aries Agro Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Madras Fertilizers Ltd 1,441 Cr. 89.4124/66.069.0 14.20.00 %27.7 %% 10.0
Gujarat State Fertilizer & Chemicals Ltd 9,478 Cr. 238322/12212.8 3074.22 %13.4 %10.9 % 2.00
Mangalore Chemicals & Fertilizers Ltd 1,388 Cr. 117156/89.66.37 76.11.28 %13.5 %18.7 % 10.0
Rashtriya Chemicals & Fertilizers Ltd (RCF) 7,991 Cr. 145190/10140.9 85.33.66 %21.2 %21.2 % 10.0
Nagarjuna Fertilizers & Chemicals Ltd 628 Cr. 10.515.8/7.81 50.20.00 %56.6 %% 1.00
Industry Average4,185.20 Cr119.9825.81106.561.83%26.48%10.16%6.60

Aries Agro Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales119107691021271308411613813393107158
Expenses9492688610311687981131189395129
Operating Profit25152152414-3172415-01329
OPM %21%14%2%15%19%10%-3%15%18%11%-0%12%19%
Other Income0000000000000
Interest7675757576549
Depreciation1321122122322
Profit before tax177-79167-1111167-8718
Tax %30%34%33%34%31%39%30%31%17%28%-18%36%31%
Net Profit124-55113-76145-10512
EPS in Rs9.273.63-3.454.488.582.61-5.445.3911.053.94-7.213.659.60

Last Updated: April 11, 2024, 7:27 am

Aries Agro Ltd Quarterly Chart

Aries Agro Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales219238279278263253291265296381432472492
Expenses172187221223216210245222254325386424435
Operating Profit47515855464246444257474857
OPM %21%21%21%20%18%17%16%16%14%15%11%10%12%
Other Income42111-02350490
Interest23242524252329292626242325
Depreciation889101172256688
Profit before tax21202522121217161625202524
Tax %24%21%26%13%33%54%46%50%46%30%36%37%
Net Profit161619198598816121612
EPS in Rs11.4310.7512.5012.965.565.438.067.607.4913.8110.2213.179.98
Dividend Payout %13%14%16%15%27%37%29%24%7%6%8%8%

Aries Agro Ltd Profit & Loss Yearly Chart

Aries Agro Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:10%
3 Years:17%
TTM:7%
Compounded Profit Growth
10 Years:1%
5 Years:12%
3 Years:20%
TTM:-17%
Stock Price CAGR
10 Years:15%
5 Years:26%
3 Years:46%
1 Year:74%
Return on Equity
10 Years:6%
5 Years:6%
3 Years:7%
Last Year:7%

Aries Agro Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13131313131313131313131313
Reserves127146164165159162170176181198211230246
Borrowings15619017816716713717117215014311210055
Other Liabilities83809399109137123133143148173177231
Total Liabilities380429448444448450477494487501509520546
Fixed Assets8510110087877188954855687576
CWIP2014119162214151213001
Investments222220005957576263
Other Assets273313335345342357376384368376384382406
Total Assets380429448444448450477494487501509520546

Aries Agro Ltd Reserves and Borrowings Chart

Aries Agro Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -25031383448144459566954
Cash from Investing Activity -902-11-2513-2-10-41-14-13-16
Cash from Financing Activity 110-41-31-9-59-12-36-21-43-56-37
Net Cash Flow-230-8-4-020-2-4-001

Aries Agro Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days14715517317216420622825614311810091
Inventory Days525444387394412518363478466271234210
Days Payable1761151171108412816520719710111190
Cash Conversion Cycle496483443457493596426526412288224212
Working Capital Days296360334356374362338368291230187167
ROCE %15%13%14%12%10%10%12%12%12%14%13%14%

Aries Agro Ltd Financial Efficiency Indicators Chart

Aries Agro Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%
FIIs0.00%0.00%0.00%0.03%0.24%0.20%0.34%0.48%0.56%1.94%1.78%2.10%
DIIs0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public47.34%47.34%47.34%47.31%47.11%47.14%47.00%46.86%46.78%45.40%45.56%45.23%
No. of Shareholders14,24314,18316,38418,42418,12119,19719,10118,31418,85118,54017,88717,899

Aries Agro Ltd Shareholding Pattern Chart

No. of Aries Agro Ltd Shareholders

This stock is not held by any mutual fund

Aries Agro Ltd ROCE Trend

Aries Agro Ltd EPS Trend

Aries Agro Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)13.1710.2213.817.497.60
Diluted EPS (Rs.)13.1710.2213.817.497.60
Cash EPS (Rs.)18.2814.4018.1610.777.78
Book Value[Excl.RevalReserv]/Share (Rs.)190.05176.71167.32156.14163.68
Book Value[Incl.RevalReserv]/Share (Rs.)190.05176.71167.32156.14163.68
Revenue From Operations / Share (Rs.)363.14338.38293.34227.73204.02
PBDIT / Share (Rs.)43.5138.8643.8536.1536.06
PBIT / Share (Rs.)37.4834.4138.8932.0334.21
PBT / Share (Rs.)19.5015.6018.9312.3911.95
Net Profit / Share (Rs.)12.259.9513.206.645.92
NP After MI And SOA / Share (Rs.)13.178.9213.817.497.60
PBDIT Margin (%)11.9811.4814.9415.8717.67
PBIT Margin (%)10.3210.1713.2514.0616.76
PBT Margin (%)5.374.606.455.445.85
Net Profit Margin (%)3.372.944.502.912.90
NP After MI And SOA Margin (%)3.622.634.703.283.72
Return on Networth / Equity (%)7.055.178.525.015.22
Return on Capital Employeed (%)17.2717.3420.9418.2019.16
Return On Assets (%)3.292.273.582.001.99
Long Term Debt / Equity (X)0.080.080.050.070.07
Total Debt / Equity (X)0.390.470.600.740.88
Asset Turnover Ratio (%)0.910.890.790.620.58
Current Ratio (X)1.611.531.451.421.47
Quick Ratio (X)1.000.940.900.880.97
Inventory Turnover Ratio (X)1.061.051.270.960.50
Dividend Payout Ratio (NP) (%)6.070.000.0030.700.00
Dividend Payout Ratio (CP) (%)4.160.000.0019.800.00
Earning Retention Ratio (%)93.930.000.0069.300.00
Cash Earning Retention Ratio (%)95.840.000.0080.200.00
Interest Coverage Ratio (X)2.422.062.201.841.62
Interest Coverage Ratio (Post Tax) (X)1.681.531.661.341.27
Enterprise Value (Cr.)287.52286.01231.26201.60295.49
EV / Net Operating Revenue (X)0.600.640.600.681.11
EV / EBITDA (X)5.085.664.064.296.30
MarketCap / Net Operating Revenue (X)0.400.400.260.170.42
Retention Ratios (%)93.920.000.0069.290.00
Price / BV (X)0.790.790.470.260.59
Price / Net Operating Revenue (X)0.400.400.260.170.42
EarningsYield0.080.060.170.180.08

Aries Agro Ltd Profitability Ratios (%)

Aries Agro Ltd Liquidity Ratios

Aries Agro Ltd Liquidity Ratios (%)

Aries Agro Ltd Interest Coverage Ratios (%)

Aries Agro Ltd Valuation Ratios

Fair Value of Aries Agro Ltd Stock

Fair Value: 323.50

The stock is undervalued by 16.79% compared to the current price ₹277

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 Aries Agro Ltd Stock

StrengthWeakness
  1. The company has higher reserves (179.62 cr) compared to borrowings (146.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (319.92 cr) and profit (19.62 cr) over the years.
  1. The stock has a low average ROCE of 12.58%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 305.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 421.33, which may not be favorable.

FAQ

What is the latest fair value of Aries Agro Ltd?

The latest fair value of Aries Agro Ltd is 323.50.

What is the Market Cap of Aries Agro Ltd?

The Market Cap of Aries Agro Ltd is 360 Cr..

What is the current Stock Price of Aries Agro Ltd as on 13 April 2024?

The current stock price of Aries Agro Ltd as on 13 April 2024 is 277.

What is the High / Low of Aries Agro Ltd stocks in FY 2024?

In FY 2024, the High / Low of Aries Agro Ltd stocks is ₹343/156.

What is the Stock P/E of Aries Agro Ltd?

The Stock P/E of Aries Agro Ltd is 23.6.

What is the Book Value of Aries Agro Ltd?

The Book Value of Aries Agro Ltd is 200.

What is the Dividend Yield of Aries Agro Ltd?

The Dividend Yield of Aries Agro Ltd is 0.35 %.

What is the ROCE of Aries Agro Ltd?

The ROCE of Aries Agro Ltd is 14.2 %.

What is the ROE of Aries Agro Ltd?

The ROE of Aries Agro Ltd is 6.83 %.

What is the Face Value of Aries Agro Ltd?

The Face Value of Aries Agro 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 Aries Agro 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