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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: | NSE:

Aurangabad Distillery Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 10:27 pm

Market Cap 231 Cr.
Current Price 225
High / Low376/184
Stock P/E11.0
Book Value 90.8
Dividend Yield0.00 %
ROCE24.9 %
ROE27.2 %
Face Value 10.0
PEG Ratio0.29

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

View Share Price Target for Aurangabad Distillery Ltd

Competitors of Aurangabad Distillery Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
United Spirits Ltd 94,875 Cr. 1,3051,314/86666.8 97.90.69 %28.7 %21.7 % 2.00
United Breweries Ltd 48,310 Cr. 1,8282,205/1,578102 1600.55 %13.5 %10.1 % 1.00
Tilaknagar Industries Ltd 6,639 Cr. 344370/18236.6 38.60.15 %22.1 %24.8 % 10.0
Som Distilleries & Breweries Ltd 1,979 Cr. 102149/84.520.4 31.80.00 %19.4 %18.4 % 2.00
Radico Khaitan Ltd 30,925 Cr. 2,3122,526/1,418107 1870.13 %13.2 %11.3 % 2.00
Industry Average23,307.75 Cr975.0048.19153.890.31%19.99%18.28%5.88

All Competitor Stocks of Aurangabad Distillery Ltd

Quarterly Result

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales203526434853447563
Expenses133024354043325850
Operating Profit6528810121713
OPM %33%13%8%19%17%18%26%22%21%
Other Income020111134
Interest121321223
Depreciation222222222
Profit before tax42-156891513
Tax %30%26%-8%24%26%36%31%29%29%
Net Profit32-14456119
EPS in Rs3.071.94-0.884.614.995.967.2913.1511.34

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales25283336464150565568118138138
Expenses20252933383542444458100110108
Operating Profit4343858121110182830
OPM %17%10%12%10%17%13%15%22%20%15%15%21%22%
Other Income0000001022247
Interest1110222244355
Depreciation1111222233344
Profit before tax2122514864132428
Tax %34%30%24%238%34%49%25%21%28%30%32%30%
Net Profit112-231364391720
EPS in Rs6.204.158.00-12.2515.550.833.677.905.013.7210.9520.4424.49
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 (%)0.00%100.00%-200.00%250.00%-66.67%200.00%100.00%-33.33%-25.00%200.00%88.89%
Change in YoY Net Profit Growth (%)0.00%100.00%-300.00%450.00%-316.67%266.67%-100.00%-133.33%8.33%225.00%-111.11%

Aurangabad Distillery Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:15%
5 Years:19%
3 Years:24%
TTM:10%
Compounded Profit Growth
10 Years:29%
5 Years:26%
3 Years:90%
TTM:25%
Stock Price CAGR
10 Years:%
5 Years:49%
3 Years:57%
1 Year:-11%
Return on Equity
10 Years:18%
5 Years:21%
3 Years:26%
Last Year:27%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital222288888888
Reserves8108131619252932415879
Borrowings131426282915303935344262
Other Liabilities5288811263930335334
Total Liabilities28294352615289115105117161184
Fixed Assets191918272927535149485247
CWIP0011200010111
Investments000000000000
Other Assets991423322536625668108136
Total Assets28294352615289115105117161184

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2357-8172214494-13
Cash from Investing Activity +-2-4-15-50-1-32-213-6-7-2
Cash from Financing Activity +019-06-17117-7-4315
Net Cash Flow00-02-2-01-10-101

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow4.00-10.00-10.00-23.00-20.00-24.00-7.00-18.00-28.00-25.00-16.00-14.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days11-7-91076095106
Inventory Days4139546025991166312176154207197
Days Payable18-33-3741063017711314642
Cash Conversion Cycle346547542558716628284671160
Working Capital Days6566331142231026720712194149236
ROCE %9%11%7%16%7%13%19%13%11%20%30%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
Promoters73.17%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%
Public26.83%25.08%25.06%25.07%25.08%25.08%25.07%25.07%25.07%25.07%25.07%25.07%
No. of Shareholders249222200199194180203189202196371686

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)25.5220.4410.953.745.01
Diluted EPS (Rs.)25.5220.4410.953.745.01
Cash EPS (Rs.)30.1924.8215.128.009.18
Book Value[Excl.RevalReserv]/Share (Rs.)106.5881.0660.1849.2345.49
Book Value[Incl.RevalReserv]/Share (Rs.)106.5881.0660.1849.2345.49
Revenue From Operations / Share (Rs.)159.38144.78123.1883.2066.82
PBDIT / Share (Rs.)43.8838.9823.7114.6015.50
PBIT / Share (Rs.)39.2134.6019.5410.3411.34
PBT / Share (Rs.)32.6429.0916.095.307.02
Net Profit / Share (Rs.)25.5220.4410.953.745.01
PBDIT Margin (%)27.5326.9219.2417.5423.19
PBIT Margin (%)24.6023.9015.8512.4216.96
PBT Margin (%)20.4720.0913.056.3710.50
Net Profit Margin (%)16.0114.118.894.497.50
Return on Networth / Equity (%)23.9425.2118.197.5911.02
Return on Capital Employeed (%)26.4232.7923.3214.1917.04
Return On Assets (%)11.3610.427.682.913.57
Long Term Debt / Equity (X)0.290.160.230.280.25
Total Debt / Equity (X)0.710.620.690.860.91
Asset Turnover Ratio (%)0.750.850.900.610.53
Current Ratio (X)1.781.241.061.011.03
Quick Ratio (X)1.140.800.550.640.65
Inventory Turnover Ratio (X)1.841.922.392.191.36
Interest Coverage Ratio (X)6.687.086.292.903.59
Interest Coverage Ratio (Post Tax) (X)4.884.713.821.742.16
Enterprise Value (Cr.)253.43124.3290.2461.9465.72
EV / Net Operating Revenue (X)1.941.050.890.901.20
EV / EBITDA (X)7.043.894.645.175.17
MarketCap / Net Operating Revenue (X)1.470.690.550.400.58
Price / BV (X)2.191.251.140.690.85
Price / Net Operating Revenue (X)1.470.690.550.400.58
EarningsYield0.100.200.160.100.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Aurangabad Distillery Ltd as of November 22, 2024 is: 277.11

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 November 22, 2024, Aurangabad Distillery Ltd is Undervalued by 23.16% compared to the current share price 225.00

Intrinsic Value of Aurangabad Distillery Ltd as of November 22, 2024 is: 380.61

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 November 22, 2024, Aurangabad Distillery Ltd is Undervalued by 69.16% compared to the current share price 225.00

Last 5 Year EPS CAGR: 37.35%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.08%, which is a positive sign.
  2. The company has shown consistent growth in sales (64.00 cr) and profit (7.69 cr) over the years.
  1. The stock has a high average Working Capital Days of 123.08, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 106.25, which may not be favorable.
  3. The company has higher borrowings (30.58) compared to reserves (28.17), 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 Aurangabad Distillery Ltd:
    1. Net Profit Margin: 16.01%
      • 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: 26.42% (Industry Average ROCE: 19.99%)
      • 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%: 23.94% (Industry Average ROE: 18.28%)
      • 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): 4.88
      • 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: 1.14
      • 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 (Industry average Stock P/E: 48.19)
      • 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: 0.71
      • 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

Aurangabad Distillery Ltd. is a Public Limited Listed company incorporated on 03/08/2000 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L55000PN2000PLC177314 and registration number is 128084. Currently Company is involved in the business activities of Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials. Company’s Total Operating Revenue is Rs. 101.01 Cr. and Equity Capital is Rs. 8.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Beverages & DistilleriesA/P Walchandnagar, Pune Maharashtra 413114csaurangabaddistillery@gmail.com
http://www.aurangabaddistillery.com
Management
NamePosition Held
Mr. Amardeepsingh SethiChairman & Wholetime Director
Mr. Dharampal KalaniManaging Director
Mr. Kanyalal KalaniDirector
Mrs. Jagjitkaur SethiDirector
Mr. Dilip MutalikDirector
Mr. Prakash SawantDirector
Mr. Tanaji YadavWhole Time Director
Mr. Karan YadavWhole Time Director
Mr. Avinash SalunkeDirector

FAQ

What is the latest intrinsic value of Aurangabad Distillery Ltd?

The latest intrinsic value of Aurangabad Distillery Ltd as on 21 November 2024 is ₹277.11, which is 23.16% higher than the current market price of ₹225.00.

What is the Market Cap of Aurangabad Distillery Ltd?

The Market Cap of Aurangabad Distillery Ltd is 231 Cr..

What is the current Stock Price of Aurangabad Distillery Ltd as on 21 November 2024?

The current stock price of Aurangabad Distillery Ltd as on 21 November 2024 is ₹225.

What is the High / Low of Aurangabad Distillery Ltd stocks in FY 2024?

In FY 2024, the High / Low of Aurangabad Distillery Ltd stocks is 376/184.

What is the Stock P/E of Aurangabad Distillery Ltd?

The Stock P/E of Aurangabad Distillery Ltd is 11.0.

What is the Book Value of Aurangabad Distillery Ltd?

The Book Value of Aurangabad Distillery Ltd is 90.8.

What is the Dividend Yield of Aurangabad Distillery Ltd?

The Dividend Yield of Aurangabad Distillery Ltd is 0.00 %.

What is the ROCE of Aurangabad Distillery Ltd?

The ROCE of Aurangabad Distillery Ltd is 24.9 %.

What is the ROE of Aurangabad Distillery Ltd?

The ROE of Aurangabad Distillery Ltd is 27.2 %.

What is the Face Value of Aurangabad Distillery Ltd?

The Face Value of Aurangabad Distillery 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 Aurangabad Distillery 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