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Last Updated on: 21 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 530723 | NSE: ASITCFIN

Fundamental Analysis of Asit C Mehta Financial Services ltd

Basic Stock Data

Last Updated: April 19, 2024, 9:09 am

Market Cap 142 Cr.
Current Price 172
High / Low203/93.6
Stock P/E
Book Value 12.6
Dividend Yield0.00 %
ROCE0.15 %
ROE737 %
Face Value 10.0

Data Source: screener.in

Competitors of Asit C Mehta Financial Services ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bengal & Assam Company Ltd 9,107 Cr. 8,06210,389/3,5036.70 5,4010.31 %9.76 %19.0 % 10.0
BCL Enterprises Ltd 12.4 Cr. 1.061.61/0.9172.7 1.340.00 %4.36 %5.81 % 1.00
Amarnath Securities Ltd 17.4 Cr. 58.062.5/23.3102 14.10.00 %5.67 %4.93 % 10.0
Brijlaxmi Leasing & Finance Ltd 5.16 Cr. 7.9910.9/3.525.21 6.330.00 %6.62 %2.85 % 10.0
Ceejay Finance Ltd 68.3 Cr. 198246/10910.3 1940.61 %14.1 %11.3 % 10.0
Industry Average1,842.05 Cr1,665.4139.381,123.350.18%8.10%8.78%8.20

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7.777.619.448.926.749.446.397.026.589.217.3011.0010.07
Expenses6.496.767.527.827.417.607.138.098.129.109.4111.3611.36
Operating Profit1.280.851.921.10-0.671.84-0.74-1.07-1.540.11-2.11-0.36-1.29
OPM %16.47%11.17%20.34%12.33%-9.94%19.49%-11.58%-15.24%-23.40%1.19%-28.90%-3.27%-12.81%
Other Income0.617.490.920.783.442.560.970.672.270.720.771.321.06
Interest2.041.611.861.742.072.252.362.392.562.862.752.933.79
Depreciation0.510.480.410.410.420.430.880.900.890.390.390.380.40
Profit before tax-0.666.250.57-0.270.281.72-3.01-3.69-2.72-2.42-4.48-2.35-4.42
Tax %-6.06%14.08%-19.30%-25.93%-10.71%51.74%-1.66%1.36%-0.37%42.15%2.23%0.00%-0.45%
Net Profit-0.715.360.68-0.340.300.83-3.06-3.63-2.73-1.40-4.39-2.36-4.44
EPS in Rs-1.294.56-0.23-1.02-0.413.00-3.41-4.10-3.11-1.68-5.07-2.83-5.14

Last Updated: April 10, 2024, 6:13 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 10:40 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales33514313947463139413438
Expenses32411293239333027303241
Operating Profit011227813112111-4
OPM %7%31%13%16%6%18%17%28%2%31%27%4%-10%
Other Income000100000-0104
Interest223478678781012
Depreciation0001222222222
Profit before tax-2-1-2-2-7-3-13-1032-10-14
Tax %4%5%3%5%2%-28%-21%16%10%27%36%10%
Net Profit-5-3-2-2-7-4-13-921-9-13
EPS in Rs-6.17-3.76-2.74-2.91-5.40-2.83-0.851.96-7.10-0.051.32-10.88-14.72
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)40.00%33.33%0.00%-250.00%42.86%75.00%400.00%-400.00%122.22%-50.00%-1000.00%
Change in YoY Net Profit Growth (%)0.00%-6.67%-33.33%-250.00%292.86%32.14%325.00%-800.00%522.22%-172.22%-950.00%

Growth

Compounded Sales Growth
10 Years:26%
5 Years:-6%
3 Years:3%
TTM:28%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-22%
TTM:-41%
Stock Price CAGR
10 Years:26%
5 Years:41%
3 Years:39%
1 Year:51%
Return on Equity
10 Years:-9%
5 Years:-10%
3 Years:-15%
Last Year:-737%

Last Updated: April 16, 2024, 1:27 pm

Balance Sheet

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

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5555555555555
Reserves383431282321272820201-8-15
Borrowings16172144627175937872107116122
Other Liabilities231453465270716963584662
Total Liabilities615872130135149177197172160170159173
Fixed Assets47465872737270696763575555
CWIP-0-0-0-0-0-0122-0101113
Investments11101032111127771010
Other Assets334556076941159690968296
Total Assets615872130135149177197172160170159173

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -0-09-2-51614-922-4-3-6
Cash from Investing Activity -100-13-16-2-7-1-141019-234
Cash from Financing Activity 1004219-10-29-20-19281
Net Cash Flow-00022-012-1312-42-1

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-16.00-16.00-20.00-42.00-60.00-64.00-67.00-80.00-77.00-60.00-96.00-115.00

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 Days403579592030148427544868
Inventory Days
Days Payable
Cash Conversion Cycle403579592030148427544868
Working Capital Days-123-122-836-398-147-94-16213-276-4994-52
ROCE %-0%1%1%2%0%5%6%9%-1%10%8%-0%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024
Promoters74.59%74.59%74.59%74.59%74.59%74.59%77.53%77.53%77.53%77.53%74.99%74.99%
Government0.50%0.50%0.50%0.50%0.50%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public24.92%24.92%24.92%24.92%24.92%25.42%22.48%22.47%22.48%22.47%25.02%25.02%
No. of Shareholders8798709882,9622,6462,1902,0201,9971,9271,8512,0582,146

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.)-19.063.024.67-18.025.75
Diluted EPS (Rs.)-19.063.024.67-18.025.75
Cash EPS (Rs.)-15.666.478.92-13.1710.63
Book Value[Excl.RevalReserv]/Share (Rs.)-2.3720.7459.0454.3677.39
Book Value[Incl.RevalReserv]/Share (Rs.)-2.3720.7459.0454.3677.39
Revenue From Operations / Share (Rs.)58.9771.2561.3657.8588.99
PBDIT / Share (Rs.)2.8123.0924.932.3626.10
PBIT / Share (Rs.)-0.3319.6320.67-2.5021.22
PBT / Share (Rs.)-20.873.286.38-20.036.81
Net Profit / Share (Rs.)-18.803.024.67-18.025.75
NP After MI And SOA / Share (Rs.)-18.012.23-0.09-12.053.33
PBDIT Margin (%)4.7632.4040.624.0729.32
PBIT Margin (%)-0.5627.5533.69-4.3123.84
PBT Margin (%)-35.394.5910.40-34.627.64
Net Profit Margin (%)-31.884.237.60-31.156.46
NP After MI And SOA Margin (%)-30.533.13-0.14-20.823.74
Return on Networth / Equity (%)0.0018.47-0.17-23.374.84
Return on Capital Employeed (%)-0.2814.7316.07-2.0813.89
Return On Assets (%)-5.590.63-0.02-3.380.81
Long Term Debt / Equity (X)-16.989.201.351.261.05
Total Debt / Equity (X)-33.8618.312.913.022.70
Asset Turnover Ratio (%)0.170.010.020.040.08
Current Ratio (X)0.730.850.870.790.90
Quick Ratio (X)0.730.850.870.790.90
Interest Coverage Ratio (X)0.131.411.740.131.81
Interest Coverage Ratio (Post Tax) (X)0.081.101.33-0.021.40
Enterprise Value (Cr.)134.31110.1782.7858.5469.94
EV / Net Operating Revenue (X)4.603.192.792.091.63
EV / EBITDA (X)96.519.846.8751.385.54
MarketCap / Net Operating Revenue (X)1.790.721.200.910.40
Price / BV (X)-15.214.251.431.030.52
Price / Net Operating Revenue (X)1.790.721.200.910.40
EarningsYield-0.170.040.00-0.220.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 1420.79

The stock is undervalued by 726.04% compared to the current price ₹172

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 stock has a low average Working Capital Days of -179.33, which is a positive sign.
  1. The stock has a low average ROCE of 3.42%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 46.50, which may not be favorable.
  3. The company has higher borrowings (68.77) compared to reserves (19.08), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (28.54) and profit (-3.38).

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 Asit C Mehta Financial Services ltd:
    1. Net Profit Margin: -31.88%
      • 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: -0.28% (Industry Average ROCE: 5.2%)
      • 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%: 0.00% (Industry Average ROE: 98.96%)
      • 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): 0.08
      • 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: 0.73
      • 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 of N/A (Industry average Stock P/E: 26.95)
      • 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: -33.86
      • 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

Asit C Mehta Financial Services Ltd. is a Public Limited Listed company incorporated on 25/01/1984 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65900MH1984PLC091326 and registration number is 091326. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company’s Total Operating Revenue is Rs. 2.40 Cr. and Equity Capital is Rs. 4.85 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsPantomath Nucleus House, Saki-Vihar Road, Mumbai Maharashtra 400072investorgrievance@acmfsl.co.in
http://www.acmfsl.com
Management
NamePosition Held
Mr. Asit C MehtaChairman, Non Ind & Non Exe Director
Mrs. Deena A MehtaNon Exe.Non Ind.Director
Mr. Kirit H VoraNon Exe.Non Ind.Director
Ms. Madhu LunawatNon Exe.Non Ind.Director
Mr. Pundarik SanyalInd. Non-Executive Director
Dr. Radha Krishna MurthyInd. Non-Executive Director
Mr. Ambareesh BaligaInd. Non-Executive Director

Asit C Mehta Financial Services Ltd. Share Price Update

Share PriceValue
Today₹171.60
Previous Day₹163.45

FAQ

What is the latest fair value of Asit C Mehta Financial Services ltd?

The latest fair value of Asit C Mehta Financial Services ltd is 1420.79.

What is the Market Cap of Asit C Mehta Financial Services ltd?

The Market Cap of Asit C Mehta Financial Services ltd is 142 Cr..

What is the current Stock Price of Asit C Mehta Financial Services ltd as on 21 April 2024?

The current stock price of Asit C Mehta Financial Services ltd as on 21 April 2024 is 172.

What is the High / Low of Asit C Mehta Financial Services ltd stocks in FY 2024?

In FY 2024, the High / Low of Asit C Mehta Financial Services ltd stocks is ₹203/93.6.

What is the Stock P/E of Asit C Mehta Financial Services ltd?

The Stock P/E of Asit C Mehta Financial Services ltd is .

What is the Book Value of Asit C Mehta Financial Services ltd?

The Book Value of Asit C Mehta Financial Services ltd is 12.6.

What is the Dividend Yield of Asit C Mehta Financial Services ltd?

The Dividend Yield of Asit C Mehta Financial Services ltd is 0.00 %.

What is the ROCE of Asit C Mehta Financial Services ltd?

The ROCE of Asit C Mehta Financial Services ltd is 0.15 %.

What is the ROE of Asit C Mehta Financial Services ltd?

The ROE of Asit C Mehta Financial Services ltd is 737 %.

What is the Face Value of Asit C Mehta Financial Services ltd?

The Face Value of Asit C Mehta Financial Services 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 Asit C Mehta Financial Services 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