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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 511589 | NSE: AVONMORE

Fundamental Analysis of Avonmore Capital & Management Services Ltd

Basic Stock Data

Last Updated: July 20, 2024, 10:14 pm

Market Cap 331 Cr.
Current Price 14.2
High / Low14.9/6.45
Stock P/E16.5
Book Value 12.9
Dividend Yield0.00 %
ROCE6.28 %
ROE6.93 %
Face Value 1.00
PEG Ratio-0.47

Data Source: screener.in

Competitors of Avonmore Capital & Management Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Apollo Finvest (India) Ltd 325 Cr. 8701,360/46040.5 1610.00 %16.0 %14.3 % 10.0
Anna Infrastructures Ltd 12.0 Cr. 31.542.5/9.5119.9 26.80.00 %7.97 %6.08 % 10.0
Alfred Herbert (India) Ltd 117 Cr. 1,5251,886/710175 1,5640.23 %0.50 %0.59 % 10.0
CitiPort Financial Services Ltd 5.93 Cr. 19.127.5/0.00198 10.00.00 %3.55 %0.97 % 10.0
AK Capital Services Ltd 687 Cr. 1,0421,180/5007.50 1,3931.54 %9.46 %10.4 % 10.0
Industry Average725.86 Cr908.09126.37979.690.16%24.31%10.72%10.47

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales24.9616.4622.9321.8322.54146.8319.5619.8127.8118.6624.6632.0648.21
Expenses20.0412.0913.6415.4921.2215.4813.3016.2625.0116.2720.9127.0142.40
Operating Profit4.924.379.296.341.32131.356.263.552.802.393.755.055.81
OPM %19.71%26.55%40.51%29.04%5.86%89.46%32.00%17.92%10.07%12.81%15.21%15.75%12.05%
Other Income8.099.927.647.186.986.173.143.553.833.212.282.314.38
Interest1.451.202.251.100.560.792.090.670.960.780.620.671.47
Depreciation0.670.640.690.700.440.630.380.640.610.790.640.721.61
Profit before tax10.8912.4513.9911.727.30136.106.935.795.064.034.775.977.11
Tax %9.00%5.70%7.01%12.88%24.93%21.91%10.39%7.77%17.19%6.95%7.76%-1.17%17.16%
Net Profit9.9111.7413.0110.215.48106.286.215.344.193.754.406.045.89
EPS in Rs2.973.853.933.651.9543.082.141.611.181.201.091.840.42

Last Updated: July 11, 2024, 9:18 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 11, 2024, 12:07 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales115525810077686984212124
Expenses2114750687160566270107
Operating Profit-104583268122214217
OPM %-186%8%80%9%14%32%8%12%18%26%67%14%
Other Income100334111425311812
Interest000543233534
Depreciation000221243224
Profit before tax-00315311316324515422
Tax %-150%-38%5%91%2%19%4%-11%8%11%21%8%
Net Profit13706281318304012220
EPS in Rs1.011.282.910.072.4210.254.026.678.9913.3849.44-0.84
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)200.00%133.33%-100.00%366.67%-53.57%38.46%66.67%33.33%205.00%-83.61%
Change in YoY Net Profit Growth (%)0.00%-66.67%-233.33%466.67%-420.24%92.03%28.21%-33.33%171.67%-288.61%

Growth

Compounded Sales Growth
10 Years:70%
5 Years:10%
3 Years:22%
TTM:-42%
Compounded Profit Growth
10 Years:22%
5 Years:16%
3 Years:-3%
TTM:-83%
Stock Price CAGR
10 Years:20%
5 Years:61%
3 Years:50%
1 Year:77%
Return on Equity
10 Years:16%
5 Years:20%
3 Years:23%
Last Year:7%

Last Updated: July 17, 2024, 4:49 pm

Balance Sheet

Last Updated: July 11, 2024, 12:07 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital142225252525252525252424
Reserves3444567582109109126149181254278
Borrowings080423223232720182626
Other Liabilities00082798710298116150138196
Total Liabilities497482224218244259276309374443524
Fixed Assets110364648626762626473
CWIP000020000400
Investments4071774736353245739590141
Other Assets825141135160165164175213289310
Total Assets497482224218244259276309374443524

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 75-2-807-251614-4-11939
Cash from Investing Activity -0-2814223-164212-18-36
Cash from Financing Activity -723188-98-5-6-6-8-2-10
Net Cash Flow-00012-06-512-74-0-7

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-1.00-8.004.00-37.00-24.009.00-17.00-19.00-8.004.00116.00-9.00

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 Days0011521398015913915116360203
Inventory Days
Days Payable
Cash Conversion Cycle0011521398015913915116360203
Working Capital Days4,8691,172267587482311177247203135161137
ROCE %0%0%5%4%5%16%7%8%14%18%45%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters61.02%61.02%61.83%62.71%64.38%64.38%67.65%68.24%68.93%69.12%69.12%69.17%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public38.97%38.97%38.16%37.28%35.61%35.61%32.34%31.75%31.05%30.87%30.87%30.81%
No. of Shareholders4,8734,8986,5105,6475,4236,4016,0146,2006,3937,0657,4968,193

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.)48.8413.388.517.324.84
Diluted EPS (Rs.)48.8413.388.517.324.84
Cash EPS (Rs.)45.735.874.144.474.58
Book Value[Excl.RevalReserv]/Share (Rs.)151.13114.0697.6985.3381.13
Book Value[Incl.RevalReserv]/Share (Rs.)151.13114.0697.6985.3381.13
Revenue From Operations / Share (Rs.)88.0333.5827.1027.2831.44
PBDIT / Share (Rs.)60.309.936.154.525.52
PBIT / Share (Rs.)59.368.945.053.114.87
PBT / Share (Rs.)58.066.894.082.324.46
Net Profit / Share (Rs.)44.794.883.043.063.93
NP After MI And SOA / Share (Rs.)48.0913.038.766.504.71
PBDIT Margin (%)68.4929.5722.6916.5717.55
PBIT Margin (%)67.4226.6318.6211.4115.49
PBT Margin (%)65.9520.5215.078.5114.18
Net Profit Margin (%)50.8814.5311.2011.2212.49
NP After MI And SOA Margin (%)54.6338.8032.3023.8114.98
Return on Networth / Equity (%)41.4915.7412.5710.728.32
Return on Capital Employeed (%)38.507.585.033.555.57
Return On Assets (%)26.058.687.055.864.37
Long Term Debt / Equity (X)0.000.000.000.000.09
Total Debt / Equity (X)0.080.060.080.120.13
Asset Turnover Ratio (%)0.510.010.010.010.02
Current Ratio (X)4.602.132.492.163.01
Quick Ratio (X)3.912.132.392.132.97
Interest Coverage Ratio (X)46.624.856.395.7213.37
Interest Coverage Ratio (Post Tax) (X)35.633.384.154.8710.52
Enterprise Value (Cr.)224.38269.0893.8064.1198.86
EV / Net Operating Revenue (X)1.063.211.390.941.26
EV / EBITDA (X)1.5510.876.125.697.19
MarketCap / Net Operating Revenue (X)0.682.520.670.280.46
Price / BV (X)0.521.020.260.120.25
Price / Net Operating Revenue (X)0.682.520.670.280.46
EarningsYield0.790.150.480.840.32

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 15.05

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.

Undervalued: 5.95% compared to the current price 14.2

Intrinsic Value: 9.80

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 30.95% compared to the current price 14.2

Last 5 Year EPS CAGR: -34.84%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (124.75 cr) compared to borrowings (20.42 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (70.92 cr) and profit (26.83 cr) over the years.
  1. The stock has a low average ROCE of 10.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 226.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 103.92, which may not be favorable.

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 Avonmore Capital & Management Services Ltd:
    1. Net Profit Margin: 50.88%
      • 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: 38.50% (Industry Average ROCE: %)
      • 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%: 41.49% (Industry Average ROE: %)
      • 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): 35.63
      • 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: 3.91
      • 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: 16.5 (Industry average Stock P/E: )
      • 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: 0.08
      • 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

Avonmore Capital & Management Services Ltd. is a Public Limited Listed company incorporated on 30/09/1991 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L67190DL1991PLC045857 and registration number is 045857. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 3.65 Cr. and Equity Capital is Rs. 24.92 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)F-33/3, Okhla Industrial Area, New Delhi Delhi 110020secretarial@almondz.com
http://www.avonmorecapital.in
Management
NamePosition Held
Mr. Govind Prasad AgrawalNon Executive Chairman
Mr. Ashok Kumar GuptaManaging Director
Ms. Ashu GuptaNon Executive Woman Director
Mr. Ajay KumarInd. Non-Executive Director
Mr. Shyam Sunder Lal GuptaInd. Non-Executive Director
Mr. Bhupinder SinghInd. Non-Executive Director

FAQ

What is the latest fair value of Avonmore Capital & Management Services Ltd?

The latest fair value of Avonmore Capital & Management Services Ltd is ₹15.05.

What is the Market Cap of Avonmore Capital & Management Services Ltd?

The Market Cap of Avonmore Capital & Management Services Ltd is 331 Cr..

What is the current Stock Price of Avonmore Capital & Management Services Ltd as on 21 July 2024?

The current stock price of Avonmore Capital & Management Services Ltd as on 21 July 2024 is 14.2.

What is the High / Low of Avonmore Capital & Management Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of Avonmore Capital & Management Services Ltd stocks is 14.9/6.45.

What is the Stock P/E of Avonmore Capital & Management Services Ltd?

The Stock P/E of Avonmore Capital & Management Services Ltd is 16.5.

What is the Book Value of Avonmore Capital & Management Services Ltd?

The Book Value of Avonmore Capital & Management Services Ltd is 12.9.

What is the Dividend Yield of Avonmore Capital & Management Services Ltd?

The Dividend Yield of Avonmore Capital & Management Services Ltd is 0.00 %.

What is the ROCE of Avonmore Capital & Management Services Ltd?

The ROCE of Avonmore Capital & Management Services Ltd is 6.28 %.

What is the ROE of Avonmore Capital & Management Services Ltd?

The ROE of Avonmore Capital & Management Services Ltd is 6.93 %.

What is the Face Value of Avonmore Capital & Management Services Ltd?

The Face Value of Avonmore Capital & Management Services Ltd is 1.00.

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 Avonmore Capital & Management 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