Ashnoor Textile Mills Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 12:42 pm

Market Cap	125 Cr.
Current Price	78.2
High / Low	84.1/35.9
Stock P/E	8.39
Book Value	51.1
Dividend Yield	0.00 %
ROCE	6.29 %
ROE	3.43 %
Face Value	10.0
PEG Ratio	0.68

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ashnoor Textile Mills Ltd

Competitors of Ashnoor Textile Mills Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Ashnoor Textile Mills Ltd	125 Cr.	78.2	84.1/35.9	8.39	51.1	0.00 %	6.29 %	3.43 %	10.0
Raymond Ltd	11,861 Cr.	1,780	2,381/982	27.6	539	0.56 %	30.9 %	44.5 %	10.0
Industry Average	5,993.00 Cr	929.10		18.00	295.05	0.28%	18.60%	23.97%	10.00

All Competitor Stocks of Ashnoor Textile Mills Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	48.40	63.05	73.07	76.89	73.50	44.28	23.51	35.67	31.78	30.97	30.87	35.48	49.71
Expenses	44.33	58.02	67.77	72.93	69.04	41.25	20.86	30.50	26.55	27.87	27.34	34.95	44.39
Operating Profit	4.07	5.03	5.30	3.96	4.46	3.03	2.65	5.17	5.23	3.10	3.53	0.53	5.32
OPM %	8.41%	7.98%	7.25%	5.15%	6.07%	6.84%	11.27%	14.49%	16.46%	10.01%	11.44%	1.49%	10.70%
Other Income	0.55	0.11	0.11	0.11	0.26	0.34	0.04	0.36	0.19	1.91	1.64	3.22	3.29
Interest	0.77	1.06	1.04	0.66	1.37	1.05	0.87	1.13	1.02	1.65	1.55	1.08	1.10
Depreciation	0.78	0.81	0.76	1.33	1.26	1.26	1.32	0.08	0.98	1.37	1.80	0.18	1.39
Profit before tax	3.07	3.27	3.61	2.08	2.09	1.06	0.50	4.32	3.42	1.99	1.82	2.49	6.12
Tax %	22.15%	21.41%	27.15%	33.17%	24.88%	-1.89%	30.00%	27.78%	29.82%	22.11%	42.86%	1.61%	23.86%
Net Profit	2.38	2.56	2.63	1.38	1.57	1.09	0.35	3.12	2.40	1.54	1.04	2.45	4.65
EPS in Rs	1.50	1.61	1.65	0.87	0.99	0.69	0.22	1.96	1.51	0.97	0.65	1.54	2.92

Last Updated: October 7, 2024, 8:36 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:59 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	92	67	101	97	82	88	129	137	118	262	177	129	147
Expenses	87	60	96	92	72	82	115	128	107	243	162	117	135
Operating Profit	5	7	5	5	10	7	13	9	11	19	15	12	12
OPM %	5%	11%	5%	5%	12%	7%	10%	7%	10%	7%	9%	10%	8%
Other Income	-0	-0	1	1	-1	1	0	0	1	0	1	7	10
Interest	3	5	3	1	2	2	6	3	2	4	4	5	5
Depreciation	2	2	1	2	3	2	2	3	3	4	4	4	5
Profit before tax	0	0	2	3	4	4	5	4	7	12	8	10	12
Tax %	82%	61%	10%	56%	31%	41%	16%	21%	22%	26%	24%	24%
Net Profit	0	0	1	1	3	2	4	3	5	9	6	7	10
EPS in Rs	0.05	0.09	1.06	0.89	2.17	1.63	2.65	2.03	3.41	5.64	3.85	4.68	6.08
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	0.00%	200.00%	-33.33%	100.00%	-25.00%	66.67%	80.00%	-33.33%	16.67%
Change in YoY Net Profit Growth (%)	0.00%	200.00%	-233.33%	133.33%	-125.00%	91.67%	13.33%	-113.33%	50.00%

Ashnoor Textile Mills Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	0%
3 Years:	3%
TTM:	32%

Compounded Profit Growth
10 Years:	33%
5 Years:	-13%
3 Years:	-25%
TTM:	104%

Stock Price CAGR
10 Years:	19%
5 Years:	45%
3 Years:	0%
1 Year:	70%

Return on Equity
10 Years:	11%
5 Years:	11%
3 Years:	11%
Last Year:	3%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:13 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	11	11	11	11	11	11	12	13	13	13	13	13	16
Reserves	6	6	7	9	11	14	20	23	29	38	44	51	66
Borrowings	20	23	27	26	34	40	47	61	59	98	71	76	66
Other Liabilities	19	12	11	18	17	20	17	20	22	31	11	17	24
Total Liabilities	55	51	56	63	73	85	96	117	123	179	138	156	171
Fixed Assets	12	11	15	24	24	24	24	29	30	37	43	40	37
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	1	1	3	14	26	36
Other Assets	43	39	40	38	49	60	71	87	91	139	82	90	98
Total Assets	55	51	56	63	73	85	96	117	123	179	138	156	171

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-4	-3	1	18	-7	-9	-7	3	2	-14	45	10
Cash from Investing Activity +	-2	-1	-5	-11	-2	-2	-2	-13	-3	-17	-24	-14
Cash from Financing Activity +	7	3	4	-2	7	8	10	9	0	39	-27	5
Net Cash Flow	1	-0	-1	6	-2	-3	-0	-0	-1	8	-5	1

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-15.00	-16.00	-22.00	-21.00	-24.00	-33.00	-34.00	-52.00	-48.00	-79.00	-56.00	-64.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	64	75	60	42	78	98	96	100	124	97	62	86
Inventory Days	142	124	89	86	163	162	127	161	197	91	128	139
Days Payable	140	58	50	43	55	74	58	67	81	47	10	19
Cash Conversion Cycle	67	140	100	85	186	187	166	194	240	141	180	205
Working Capital Days	84	129	99	71	143	176	148	159	217	142	146	275
ROCE %	13%	15%	13%	9%	17%	9%	16%	8%	9%	13%	9%	11%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	72.81%	72.81%	72.81%	72.81%	72.81%	72.81%	72.81%	72.67%	72.45%	72.45%	71.51%	71.51%
DIIs	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%
Public	27.17%	27.19%	27.19%	27.19%	27.19%	27.19%	27.19%	27.34%	27.55%	27.55%	28.48%	28.35%
No. of Shareholders	18,098	16,307	16,211	16,087	16,010	15,875	15,780	15,730	15,550	15,510	15,807	15,845

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	5.83	4.80	7.03	4.25	2.59
Diluted EPS (Rs.)	5.83	4.80	7.02	4.25	2.59
Cash EPS (Rs.)	9.23	7.88	9.92	6.68	4.77
Book Value[Excl.RevalReserv]/Share (Rs.)	50.26	44.44	39.64	32.61	28.35
Book Value[Incl.RevalReserv]/Share (Rs.)	50.26	44.44	39.64	32.61	28.35
Revenue From Operations / Share (Rs.)	101.29	138.90	205.55	92.81	107.47
PBDIT / Share (Rs.)	15.17	12.67	15.14	9.30	7.61
PBIT / Share (Rs.)	11.77	9.59	12.25	6.88	5.38
PBT / Share (Rs.)	7.63	6.26	9.47	4.95	3.17
Net Profit / Share (Rs.)	5.83	4.81	7.03	4.25	2.54
PBDIT Margin (%)	14.97	9.12	7.36	10.01	7.08
PBIT Margin (%)	11.62	6.90	5.95	7.40	5.00
PBT Margin (%)	7.52	4.50	4.60	5.33	2.95
Net Profit Margin (%)	5.75	3.46	3.41	4.58	2.36
Return on Networth / Equity (%)	11.60	10.81	17.73	13.05	8.95
Return on Capital Employeed (%)	17.07	13.88	19.12	15.58	13.89
Return On Assets (%)	4.75	4.42	4.99	4.41	2.76
Long Term Debt / Equity (X)	0.29	0.46	0.53	0.25	0.26
Total Debt / Equity (X)	1.18	1.25	1.94	1.31	1.49
Asset Turnover Ratio (%)	0.87	1.11	1.73	0.98	1.29
Current Ratio (X)	1.67	1.85	1.43	1.36	1.27
Quick Ratio (X)	1.11	1.15	1.04	0.84	0.79
Inventory Turnover Ratio (X)	2.28	3.63	4.46	3.07	3.62
Interest Coverage Ratio (X)	3.65	3.66	5.45	4.82	3.45
Interest Coverage Ratio (Post Tax) (X)	2.40	2.35	3.54	2.93	2.14
Enterprise Value (Cr.)	127.52	103.41	177.49	71.50	64.37
EV / Net Operating Revenue (X)	0.98	0.58	0.67	0.60	0.47
EV / EBITDA (X)	6.60	6.41	9.20	6.04	6.64
MarketCap / Net Operating Revenue (X)	0.43	0.20	0.33	0.15	0.09
Price / BV (X)	0.88	0.64	1.76	0.44	0.35
Price / Net Operating Revenue (X)	0.43	0.20	0.33	0.15	0.09
EarningsYield	0.13	0.16	0.10	0.29	0.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ashnoor Textile Mills Ltd as of December 26, 2024 is: 15.00

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 26, 2024, Ashnoor Textile Mills Ltd is Overvalued by 80.82% compared to the current share price 78.20

Intrinsic Value of Ashnoor Textile Mills Ltd as of December 26, 2024 is: 16.84

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 26, 2024, Ashnoor Textile Mills Ltd is Overvalued by 78.47% compared to the current share price 78.20

Last 5 Year EPS CAGR: 12.26%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (125.08 cr) and profit (5.46 cr) over the years.	The stock has a low average ROCE of 11.83%, which may not be favorable. The stock has a high average Working Capital Days of 149.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 157.58, which may not be favorable. The company has higher borrowings (49.85) compared to reserves (24.92), 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 Ashnoor Textile Mills Ltd:
1. Net Profit Margin: 5.75%
  - 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: 17.07% (Industry Average ROCE: 18.6%)
  - 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%: 11.6% (Industry Average ROE: 23.97%)
  - 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): 2.4
  - 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: 1.11
  - 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: 8.39 (Industry average Stock P/E: 18)
  - 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: 1.18
  - 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

Ashnoor Textile Mills Ltd. is a Public Limited Listed company incorporated on 21/01/1984 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L17226HR1984PLC033384 and registration number is 033384. Currently Company is involved in the business activities of Preparation and spinning of cotton fiber including blended* cotton. Company’s Total Operating Revenue is Rs. 261.86 Cr. and Equity Capital is Rs. 12.74 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Textiles - Woollen/Worsted	Behrampur Road, Village Khandsa, Gurgaon District Haryana 122001	atml_delhi@yahoo.com http://www.ashnoortex.com

Management
Name	Position Held
Mr. Suneel Gupta	Managing Director
Dr.(Mrs.) Sangeeta Gupta	Whole Time Director
Mr. Abhinav Gupta	Whole Time Director
Ms. Noor Gupta	Director
Mr. Sanjay Arora	Independent Director
Ms. Divya Agarwal	Independent Director
Mr. Naresh Kumar Aggarwal	Independent Director
Mr. Anil Aggarwal	Independent Director

FAQ

What is the latest intrinsic value of Ashnoor Textile Mills Ltd?

The latest intrinsic value of Ashnoor Textile Mills Ltd as on 26 December 2024 is ₹15.00, which is 80.82% lower than the current market price of ₹78.20. The stock has a market capitalization of 125 Cr. and recorded a high/low of 84.1/35.9 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹66 Cr and total liabilities of ₹171 Cr.

What is the Market Cap of Ashnoor Textile Mills Ltd?

The Market Cap of Ashnoor Textile Mills Ltd is 125 Cr..

What is the current Stock Price of Ashnoor Textile Mills Ltd as on 26 December 2024?

The current stock price of Ashnoor Textile Mills Ltd as on 26 December 2024 is 78.2.

What is the High / Low of Ashnoor Textile Mills Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Ashnoor Textile Mills Ltd stocks is 84.1/35.9.

What is the Stock P/E of Ashnoor Textile Mills Ltd?

The Stock P/E of Ashnoor Textile Mills Ltd is 8.39.

What is the Book Value of Ashnoor Textile Mills Ltd?

The Book Value of Ashnoor Textile Mills Ltd is 51.1.

What is the Dividend Yield of Ashnoor Textile Mills Ltd?

The Dividend Yield of Ashnoor Textile Mills Ltd is 0.00 %.

What is the ROCE of Ashnoor Textile Mills Ltd?

The ROCE of Ashnoor Textile Mills Ltd is 6.29 %.

What is the ROE of Ashnoor Textile Mills Ltd?

The ROE of Ashnoor Textile Mills Ltd is 3.43 %.

What is the Face Value of Ashnoor Textile Mills Ltd?

The Face Value of Ashnoor Textile Mills Ltd is 10.0.