Aurangabad Distillery Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 4, 2025, 11:35 pm

Market Cap	190 Cr.
Current Price	185
High / Low	376/177
Stock P/E	10.7
Book Value	90.8
Dividend Yield	0.00 %
ROCE	24.9 %
ROE	27.2 %
Face Value	10.0
PEG Ratio	0.29

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Aurangabad Distillery Ltd

Competitors of Aurangabad Distillery Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
United Spirits Ltd	94,875 Cr.	1,305	1,314/866	66.8	97.9	0.69 %	28.7 %	21.7 %	2.00
United Breweries Ltd	56,372 Cr.	2,130	2,300/1,646	119	160	0.47 %	13.5 %	10.1 %	1.00
Tilaknagar Industries Ltd	7,747 Cr.	400	457/182	40.4	38.5	0.12 %	22.0 %	24.6 %	10.0
Som Distilleries & Breweries Ltd	2,172 Cr.	111	149/84.5	21.6	31.5	0.00 %	19.4 %	18.4 %	2.00
Radico Khaitan Ltd	30,831 Cr.	2,305	2,638/1,429	99.0	187	0.13 %	13.2 %	11.3 %	2.00
Industry Average	19,998.10 Cr	1,017.90		48.08	216.27	0.27%	17.17%	15.77%	6.70

All Competitor Stocks of Aurangabad Distillery Ltd

Quarterly Result

Month	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023
Sales	20	35	26	43	48	53	44	75	63
Expenses	13	30	24	35	40	43	32	58	50
Operating Profit	6	5	2	8	8	10	12	17	13
OPM %	33%	13%	8%	19%	17%	18%	26%	22%	21%
Other Income	0	2	0	1	1	1	1	3	4
Interest	1	2	1	3	2	1	2	2	3
Depreciation	2	2	2	2	2	2	2	2	2
Profit before tax	4	2	-1	5	6	8	9	15	13
Tax %	30%	26%	-8%	24%	26%	36%	31%	29%	29%
Net Profit	3	2	-1	4	4	5	6	11	9
EPS in Rs	3.07	1.94	-0.88	4.61	4.99	5.96	7.29	13.15	11.34

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	25	28	33	36	46	41	50	56	55	68	118	138	138
Expenses	20	25	29	33	38	35	42	44	44	58	100	110	108
Operating Profit	4	3	4	3	8	5	8	12	11	10	18	28	30
OPM %	17%	10%	12%	10%	17%	13%	15%	22%	20%	15%	15%	21%	22%
Other Income	0	0	0	0	0	0	1	0	2	2	2	4	7
Interest	1	1	1	0	2	2	2	2	4	4	3	5	5
Depreciation	1	1	1	1	2	2	2	2	3	3	3	4	4
Profit before tax	2	1	2	2	5	1	4	8	6	4	13	24	28
Tax %	34%	30%	24%	238%	34%	49%	25%	21%	28%	30%	32%	30%
Net Profit	1	1	2	-2	3	1	3	6	4	3	9	17	20
EPS in Rs	6.20	4.15	8.00	-12.25	15.55	0.83	3.67	7.90	5.01	3.72	10.95	20.44	24.49
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
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:	-14%

Compounded Profit Growth
10 Years:	29%
5 Years:	26%
3 Years:	90%
TTM:	-12%

Stock Price CAGR
10 Years:	%
5 Years:	43%
3 Years:	51%
1 Year:	-24%

Return on Equity
10 Years:	18%
5 Years:	21%
3 Years:	26%
Last Year:	27%

Last Updated: Unknown

Balance Sheet

Last Updated: January 13, 2025, 4:03 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	2	2	2	2	8	8	8	8	8	8	8	8	8
Reserves	8	10	8	13	16	19	25	29	32	41	58	79	85
Borrowings	13	14	26	28	29	15	30	39	35	34	42	62	70
Other Liabilities	5	2	8	8	8	11	26	39	30	33	53	34	33
Total Liabilities	28	29	43	52	61	52	89	115	105	117	161	184	197
Fixed Assets	19	19	18	27	29	27	53	51	49	48	52	47	46
CWIP	0	0	11	2	0	0	0	1	0	1	1	1	1
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	9	9	14	23	32	25	36	62	56	68	108	136	150
Total Assets	28	29	43	52	61	52	89	115	105	117	161	184	197

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 +	2	3	5	7	-8	17	22	14	4	9	4	-13
Cash from Investing Activity +	-2	-4	-15	-5	0	-1	-32	-21	3	-6	-7	-2
Cash from Financing Activity +	0	1	9	-0	6	-17	11	7	-7	-4	3	15
Net Cash Flow	0	0	-0	2	-2	-0	1	-1	0	-1	0	1

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	4.00	-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

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	11	-7	-9	1	0	7	6	0	9	5	10	6
Inventory Days	41	39	54	60	259	91	166	312	176	154	207	197
Days Payable	18	-33	-3	7	4	10	6	30	177	113	146	42
Cash Conversion Cycle	34	65	47	54	255	87	166	282	8	46	71	160
Working Capital Days	65	66	33	114	223	102	67	207	121	94	149	236
ROCE %	9%	11%	7%	16%	7%	13%	19%	13%	11%	20%	30%	25%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2018	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
Promoters	73.17%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%
Public	26.83%	25.08%	25.06%	25.07%	25.08%	25.08%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%
No. of Shareholders	249	222	200	199	194	180	203	189	202	196	371	686

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.)	25.52	20.44	10.95	3.74	5.01
Diluted EPS (Rs.)	25.52	20.44	10.95	3.74	5.01
Cash EPS (Rs.)	30.19	24.82	15.12	8.00	9.18
Book Value[Excl.RevalReserv]/Share (Rs.)	106.58	81.06	60.18	49.23	45.49
Book Value[Incl.RevalReserv]/Share (Rs.)	106.58	81.06	60.18	49.23	45.49
Revenue From Operations / Share (Rs.)	159.38	144.78	123.18	83.20	66.82
PBDIT / Share (Rs.)	43.88	38.98	23.71	14.60	15.50
PBIT / Share (Rs.)	39.21	34.60	19.54	10.34	11.34
PBT / Share (Rs.)	32.64	29.09	16.09	5.30	7.02
Net Profit / Share (Rs.)	25.52	20.44	10.95	3.74	5.01
PBDIT Margin (%)	27.53	26.92	19.24	17.54	23.19
PBIT Margin (%)	24.60	23.90	15.85	12.42	16.96
PBT Margin (%)	20.47	20.09	13.05	6.37	10.50
Net Profit Margin (%)	16.01	14.11	8.89	4.49	7.50
Return on Networth / Equity (%)	23.94	25.21	18.19	7.59	11.02
Return on Capital Employeed (%)	26.42	32.79	23.32	14.19	17.04
Return On Assets (%)	11.36	10.42	7.68	2.91	3.57
Long Term Debt / Equity (X)	0.29	0.16	0.23	0.28	0.25
Total Debt / Equity (X)	0.71	0.62	0.69	0.86	0.91
Asset Turnover Ratio (%)	0.75	0.85	0.90	0.61	0.53
Current Ratio (X)	1.78	1.24	1.06	1.01	1.03
Quick Ratio (X)	1.14	0.80	0.55	0.64	0.65
Inventory Turnover Ratio (X)	1.84	1.92	2.39	2.19	1.36
Interest Coverage Ratio (X)	6.68	7.08	6.29	2.90	3.59
Interest Coverage Ratio (Post Tax) (X)	4.88	4.71	3.82	1.74	2.16
Enterprise Value (Cr.)	253.43	124.32	90.24	61.94	65.72
EV / Net Operating Revenue (X)	1.94	1.05	0.89	0.90	1.20
EV / EBITDA (X)	7.04	3.89	4.64	5.17	5.17
MarketCap / Net Operating Revenue (X)	1.47	0.69	0.55	0.40	0.58
Price / BV (X)	2.19	1.25	1.14	0.69	0.85
Price / Net Operating Revenue (X)	1.47	0.69	0.55	0.40	0.58
EarningsYield	0.10	0.20	0.16	0.10	0.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Aurangabad Distillery Ltd as of February 5, 2025 is: ₹215.64

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 February 5, 2025, Aurangabad Distillery Ltd is Undervalued by 16.56% compared to the current share price ₹185.00

Intrinsic Value of Aurangabad Distillery Ltd as of February 5, 2025 is: ₹296.18

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 February 5, 2025, Aurangabad Distillery Ltd is Undervalued by 60.10% compared to the current share price ₹185.00

Last 5 Year EPS CAGR: 37.35%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 15.08%, which is a positive sign. The company has shown consistent growth in sales (64.00 cr) and profit (7.69 cr) over the years.	The stock has a high average Working Capital Days of 123.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 106.25, which may not be favorable. The company has higher borrowings (33.62) compared to reserves (32.54), 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: 17.17%)
  - 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: 15.77%)
  - 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: 10.7 (Industry average Stock P/E: 48.08)
  - 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. 130.70 Cr. and Equity Capital is Rs. 8.20 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Beverages & Distilleries	A/P Walchandnagar, Tal. Indapur, Pune Maharashtra 413114	csaurangabaddistillery@gmail.com http://www.aurangabaddistillery.com

Management
Name	Position Held
Mr. Amardeepsingh Triloksingh Sethi	Chairman & Wholetime Director
Mr. Dharampal Kimatram Kalani	Managing Director
Mr. Kanyalal Kimatram Kalani	Director
Mrs. Jagjitkaur Amardeepsingh Sethi	Director
Mr. Dilip Shriniwas Mutalik	Director
Mr. Prakash Madhavrao Sawant	Director

FAQ

What is the latest intrinsic value of Aurangabad Distillery Ltd?

The latest intrinsic value of Aurangabad Distillery Ltd as on 05 February 2025 is ₹215.64, which is 16.56% higher than the current market price of ₹185.00, indicating the stock is undervalued by 16.56%. The stock has a market capitalization of 190 Cr. and recorded a high/low of 376/177 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹85 Cr and total liabilities of 197 Cr.

What is the Market Cap of Aurangabad Distillery Ltd?

The Market Cap of Aurangabad Distillery Ltd is 190 Cr..

What is the current Stock Price of Aurangabad Distillery Ltd as on 05 February 2025?

The current stock price of Aurangabad Distillery Ltd as on 05 February 2025 is 185.

What is the High / Low of Aurangabad Distillery Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Aurangabad Distillery Ltd stocks is 376/177.

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

The Stock P/E of Aurangabad Distillery Ltd is 10.7.

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.