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Last Updated on: 21 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 507872 | NSE: ASHNOOR

Fundamental Analysis of Ashnoor Textile Mills Ltd

Basic Stock Data

Last Updated: April 21, 2024, 9:23 am

Market Cap 93.2 Cr.
Current Price 73.1
High / Low76.5/29.0
Stock P/E11.6
Book Value 47.5
Dividend Yield0.00 %
ROCE8.75 %
ROE11.0 %
Face Value 10.0

Data Source: screener.in

Competitors of Ashnoor Textile Mills Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Raymond Ltd 13,394 Cr. 2,0122,240/1,4877.80 6300.15 %21.4 %22.9 % 10.0
Industry Average13,394.00 Cr2,012.007.80630.000.15%21.40%22.90%10.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales41.7343.6648.4063.0573.0776.8973.5044.2823.5135.6731.7830.9730.87
Expenses38.9040.5844.3358.0267.7772.9369.0441.2520.8630.5026.5527.8727.34
Operating Profit2.833.084.075.035.303.964.463.032.655.175.233.103.53
OPM %6.78%7.05%8.41%7.98%7.25%5.15%6.07%6.84%11.27%14.49%16.46%10.01%11.44%
Other Income0.161.080.550.110.110.110.260.340.040.360.191.911.64
Interest0.430.650.771.061.040.661.371.050.871.131.021.651.55
Depreciation1.030.680.780.810.761.331.261.261.320.080.981.371.80
Profit before tax1.532.833.073.273.612.082.091.060.504.323.421.991.82
Tax %22.22%20.14%22.15%21.41%27.15%33.17%24.88%-1.89%30.00%27.78%29.82%22.11%42.86%
Net Profit1.202.272.382.562.631.381.571.090.353.122.401.541.04
EPS in Rs0.941.781.872.012.061.081.230.860.272.451.881.210.82

Last Updated: April 10, 2024, 6:11 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:43 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales509267101978288129137118262177129
Expenses48876096927282115128107243162112
Operating Profit2575510713911191517
OPM %4%5%11%5%5%12%7%10%7%10%7%9%13%
Other Income-0-0-011-11001014
Interest0353122632445
Depreciation1221232233444
Profit before tax000234454712812
Tax %92%82%61%10%56%31%41%16%21%22%26%23%
Net Profit0001132435968
EPS in Rs0.020.070.111.321.112.712.033.312.534.257.034.806.36
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%200.00%-33.33%100.00%-25.00%66.67%80.00%-33.33%
Change in YoY Net Profit Growth (%)0.00%200.00%-233.33%133.33%-125.00%91.67%13.33%-113.33%

Growth

Compounded Sales Growth
10 Years:7%
5 Years:15%
3 Years:9%
TTM:-41%
Compounded Profit Growth
10 Years:52%
5 Years:23%
3 Years:23%
TTM:82%
Stock Price CAGR
10 Years:39%
5 Years:37%
3 Years:70%
1 Year:122%
Return on Equity
10 Years:12%
5 Years:13%
3 Years:14%
Last Year:11%

Last Updated: April 16, 2024, 11:36 am

Balance Sheet

Last Updated: April 21, 2024, 11:56 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital8111111111111121313131313
Reserves666791114202329384448
Borrowings15202327263440476159987174
Other Liabilities14191211181720172022311113
Total Liabilities4355515663738596117123179138147
Fixed Assets12121115242424242930374341
CWIP-0-0-0-0-0-0-0-0-0-0-0-0-0
Investments000000001131422
Other Assets314339403849607187911398284
Total Assets4355515663738596117123179138147

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5-4-3118-7-9-732-1445
Cash from Investing Activity -1-2-1-5-11-2-2-2-13-3-17-24
Cash from Financing Activity -3734-278109039-27
Net Cash Flow-01-0-16-2-3-0-0-18-5

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-13.00-15.00-16.00-22.00-21.00-24.00-33.00-34.00-52.00-48.00-79.00-56.00

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 Days63647560427898961001249762
Inventory Days187142124898616316212716119791128
Days Payable16114058504355745867814710
Cash Conversion Cycle886714010085186187166194240141180
Working Capital Days106841299971143176148159217142146
ROCE %2%13%15%13%9%17%9%16%8%9%13%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters72.81%72.81%72.81%72.81%72.81%72.81%72.81%72.81%72.81%72.81%72.67%72.45%
DIIs0.02%0.02%0.02%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public27.17%27.17%27.17%27.17%27.19%27.19%27.19%27.19%27.19%27.19%27.34%27.55%
No. of Shareholders16,81916,74016,72918,09816,30716,21116,08716,01015,87515,78015,73015,550

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.807.034.252.593.32
Diluted EPS (Rs.)4.807.024.252.593.32
Cash EPS (Rs.)7.889.926.684.775.19
Book Value[Excl.RevalReserv]/Share (Rs.)44.4439.6432.6128.3526.00
Book Value[Incl.RevalReserv]/Share (Rs.)44.4439.6432.6128.3526.00
Revenue From Operations / Share (Rs.)138.90205.5592.81107.47102.92
PBDIT / Share (Rs.)12.6715.149.307.6110.81
PBIT / Share (Rs.)9.5912.256.885.388.94
PBT / Share (Rs.)6.269.474.953.173.94
Net Profit / Share (Rs.)4.817.034.252.543.32
PBDIT Margin (%)9.127.3610.017.0810.50
PBIT Margin (%)6.905.957.405.008.68
PBT Margin (%)4.504.605.332.953.83
Net Profit Margin (%)3.463.414.582.363.22
Return on Networth / Equity (%)10.8117.7313.058.9512.75
Return on Capital Employeed (%)13.8819.1215.5813.8927.70
Return On Assets (%)4.424.994.412.764.32
Long Term Debt / Equity (X)0.460.530.250.260.14
Total Debt / Equity (X)1.251.941.311.491.40
Asset Turnover Ratio (%)1.111.730.981.291.43
Current Ratio (X)1.851.431.361.271.25
Quick Ratio (X)1.151.040.840.790.83
Inventory Turnover Ratio (X)3.634.463.073.623.95
Interest Coverage Ratio (X)3.665.454.823.452.16
Interest Coverage Ratio (Post Tax) (X)2.353.542.932.141.67
Enterprise Value (Cr.)103.41177.4971.5064.3762.45
EV / Net Operating Revenue (X)0.580.670.600.470.48
EV / EBITDA (X)6.419.206.046.644.62
MarketCap / Net Operating Revenue (X)0.200.330.150.090.15
Price / BV (X)0.641.760.440.350.60
Price / Net Operating Revenue (X)0.200.330.150.090.15
EarningsYield0.160.100.290.250.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 61.82

The stock is overvalued by 15.43% compared to the current price ₹73.1

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

StrengthWeakness
  1. The company has shown consistent growth in sales (117.62 cr) and profit (4.69 cr) over the years.
  1. The stock has a low average ROCE of 11.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 135.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 147.83, which may not be favorable.
  4. The company has higher borrowings (45.77) compared to reserves (20.08), 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: 3.46%
      • 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: 13.88% (Industry Average ROCE: 21.4%)
      • 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%: 10.81% (Industry Average ROE: 22.9%)
      • 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): 2.35
      • 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: 1.15
      • 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: 11.6 (Industry average Stock P/E: 7.8)
      • 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: 1.25
      • 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

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.
INDUSTRYADDRESSCONTACT
Textiles - Woollen/WorstedBehrampur Road, Gurgaon District Haryana 122001atml_delhi@yahoo.com
http://www.ashnoortex.com
Management
NamePosition Held
Mr. Suneel GuptaManaging Director
Dr.(Mrs.) Sangeeta GuptaWhole Time Director
Mr. Abhinav GuptaWhole Time Director
Mr. Anil AggarwalIndependent Director
Mr. Sanjay AroraIndependent Director
Ms. Divya AgarwalIndependent Director
Mr. Naresh Kumar AggarwalIndependent Director
Ms. Noor GuptaDirector

Ashnoor Textile Mills Ltd. Share Price Update

Share PriceValue
Today₹73.00
Previous Day₹73.85

FAQ

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

The latest fair value of Ashnoor Textile Mills Ltd is 61.82.

What is the Market Cap of Ashnoor Textile Mills Ltd?

The Market Cap of Ashnoor Textile Mills Ltd is 93.2 Cr..

What is the current Stock Price of Ashnoor Textile Mills Ltd as on 21 April 2024?

The current stock price of Ashnoor Textile Mills Ltd as on 21 April 2024 is 73.1.

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

In FY 2024, the High / Low of Ashnoor Textile Mills Ltd stocks is ₹76.5/29.0.

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

The Stock P/E of Ashnoor Textile Mills Ltd is 11.6.

What is the Book Value of Ashnoor Textile Mills Ltd?

The Book Value of Ashnoor Textile Mills Ltd is 47.5.

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 8.75 %.

What is the ROE of Ashnoor Textile Mills Ltd?

The ROE of Ashnoor Textile Mills Ltd is 11.0 %.

What is the Face Value of Ashnoor Textile Mills Ltd?

The Face Value of Ashnoor Textile Mills 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 Ashnoor Textile Mills 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