Abhishek Corporation Ltd - Stock Valuation and Financial Performance

BSE: 532831 | NSE: ABHISHEK | Textile - Spinning | Small Cap

Abhishek Corporation Share Price

0.57 0.00 0.00%
as on 13-Dec'21 18:01

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Abhishek Corporation stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
0.9 Cr.
52-wk low:
0.6
52-wk high:
0.6

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Abhishek Corporation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Abhishek Corporation:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -44.6%-198.5%60.3%22.3%30.7%12.1%3.9%3.6%3%2.7%-
Value Creation
Index
NANANANANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 22.4116.514.51718.415.318.727.216.617
Sales YoY Gr.--51.1%-40.9%123.6%17.5%8%-16.9%22.6%45%-38.9%-
Adj EPS -50.9-52.4-59.5-67.5-110.1-90.6-13.7-13.2-11.3-10.6-10.6
YoY Gr.-NANANANANANANANANA-
BVPS (₹) -138.8-192.1-251.4-318.8-428.8-519.3-532.9-545.6-556.7-567-551.2
Adj Net
Profit
-81.4-83.9-95.2-108-176-145-22-21.1-18.1-17-17
Cash Flow from Ops. 37.910.30.898.3117125-2.33.90.50-
Debt/CF from Ops. 7.527.6354.72.92.42.2-12171.1532.8-10827.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.3%-0.5%2.8%-38.9%
Adj EPS NANANANA
BVPSNANANANA
Share Price -13.7% -1% 3.8% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
44.931.726.823.729.519.12.62.42.11.91.9
Op. Profit
Mgn %
-60-100.7-119.622.1-201.95.8-17.4-8.8-2.3-33.7-36.4
Net Profit
Mgn %
-363.3-765.5-1470.2-745.9-1035.1-788.4-143.9-112.5-66.6-102.4-102.5
Debt to
Equity
-1.3-0.9-0.7-0.6-0.4-0.3-0.3-0.3-0.3-0.3-
Working Cap
Days
1,3053,2925,6492,3671,136224279209139197235
Cash Conv.
Cycle
4281,1291,774-29105-376-341-341-337-473-14,628

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Abhishek Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) -10.6 -
TTM Sales (₹ Cr.) 16.6 -
BVPS (₹.) -551.2 -
Reserves (₹ Cr.) -898 -
P/BV 0.00 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 0.57 / 0.57
All Time Low / High (₹) 0.49 / 100.45
Market Cap (₹ Cr.) 0.9
Equity (₹ Cr.) 16
Face Value (₹) 10
Industry PE 30.7

Management X-Ray of Abhishek Corporation:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *88.5088.5088.5088.5088.5088.5088.5088.5088.5088.50
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Abhishek Corporation

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales22.4210.966.4814.4917.0318.3915.2818.7427.1716.59
Operating Expenses 36.2522.1213.7211.2851.4217.3217.9320.3927.7822.18
Manufacturing Costs8.1811.536.924.665.343.585.9012.4215.7311.17
Material Costs24.486.873.290.0200000.570
Employee Cost 2.372.713.015.6811.7211.6510.637.0210.329.79
Other Costs 1.221.010.500.9334.372.091.400.941.161.22
Operating Profit -13.83-11.16-7.243.21-34.391.07-2.65-1.65-0.61-5.59
Operating Profit Margin (%) -61.7%-101.0%-111.0%22.1%-201.0%5.8%-17.4%-8.8%-2.3%-33.7%
Other Income 0.581.410.090.140.160.210.250.090.240.25
Interest 53.4963.2075.4699.72113.27123.980.0500.020.03
Depreciation 14.9712.3312.2711.6528.8022.3119.5319.5317.7011.62
Exceptional Items 0000000000
Profit Before Tax -81.72-85.27-94.89-108.02-176.29-145.01-21.98-21.08-18.09-16.99
Tax 0-1.2500000000
Profit After Tax -81.72-84.02-94.89-108.02-176.29-145.01-21.98-21.08-18.09-16.99
PAT Margin (%) -364.0%-766.0%-1,464.7%-745.0%-1,035.0%-788.0%-143.0%-112.0%-66.6%-102.0%
Adjusted EPS (₹)-51.1-52.5-59.3-67.5-110.0-90.6-13.7-13.2-11.3-10.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -222.12-307.57-402.46-510.34-686.44-831.27-853.04-873.49-891.15-907.62
Share Capital 16.0116.0116.0116.0116.0116.0116.0116.0116.0116.01
Reserves -238.13-323.58-418.47-526.35-702.45-847.28-869.05-889.50-907.16-923.62
Minority Interest0000000000
Debt59.6348.6547.9733.6828.6328.6328.6328.6328.6328.63
Long Term Debt0000000000
Short Term Debt59.6348.6547.9733.6828.6328.6328.6328.6328.6328.63
Trade Payables40.2866.5552.7652.7453.6853.5153.3453.2753.4155.43
Others Liabilities 414.38489.81570.79685.55750.65876.56876.63881.05880.88881.28
Total Liabilities 292.16297.44269.05261.62146.51127.43105.5589.4671.7757.73

Fixed Assets

Gross Block303.67303.73303.83303.50304.45304.46304.46304.49304.51304.51
Accumulated Depreciation104.68118.44130.72141.92170.54192.85212.38231.91249.61261.23
Net Fixed Assets198.99185.29173.11161.58133.91111.6192.0872.5754.9043.28
CWIP 2.172.112.132.132.132.132.132.132.132.13
Investments 0.040.040.040.040.040.040.040.040.040.04
Inventories23.7126.5424.6523.994.414.414.764.804.784.77
Trade Receivables21.5832.279.798.641.753.923.523.052.550.17
Cash Equivalents 1.591.581.672.080.251.260.314.284.494.59
Others Assets44.0849.6057.6663.184.024.062.722.592.882.76
Total Assets 292.16297.44269.05261.62146.51127.43105.5589.4671.7757.73

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 37.8810.330.8098.30116.97125.21-2.313.930.52-0.03
PBT -81.72-85.27-94.89-107.95-176.11-145.01-21.98-21.08-17.66-16.46
Adjustment 68.3374.8587.54109.43141.42146.2019.5319.5317.7011.62
Changes in Working Capital 104.782.6683.596.82151.66124.020.145.480.494.82
Tax Paid 0000000000
Cash Flow From Investing Activity 0.020.64-0.030.02-0.97-0.321.360.04-0.310.12
Capex 00-0.12-0.05-1.09-0.010-0.03-0.02-0.01
Net Investments 0000000000
Others 0.020.640.090.070.13-0.311.360.07-0.290.13
Cash Flow From Financing Activity -37.81-10.98-0.68-97.92-117.83-123.890000
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-0.06000000
Interest Paid 000-97.92-112.79-123.890000
Dividend Paid 0000000000
Others -37.81-10.98-0.680.06-5.0500000
Net Cash Flow 0.08-0.010.090.41-1.831.01-0.953.970.210.10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.080.040.020.050.080.130.130.190.340.26
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days2318961,1852321115689643830
Inventory Days4298361,442613304871109364105
Payable Days4422,8396,6250000000

Abhishek Corporation Ltd Stock News

Abhishek Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Abhishek Corporation on 13-Dec-2021 18:01 is ₹0.57.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Dec-2021 18:01 the market cap of Abhishek Corporation stood at ₹0.91.
The latest P/E ratio of Abhishek Corporation as of 13-Dec-2021 18:01 is 0.00.
The latest P/B ratio of Abhishek Corporation as of 13-Dec-2021 18:01 is 0.00.
The 52-week high of Abhishek Corporation is ₹0.57 and the 52-week low is ₹0.57.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Abhishek Corporation is ₹16.59 ( Cr.) .

About Abhishek Corporation Ltd

Abhishek Corporation incorporated in 1993 is engaged in yarn manufacturing and construction business in India. Company was incorporated under the name Abhishek Cotspin Mills. Later on November 14, 2005 the name was changed to Abhishek Mills.

This Maharashtra based company is part of R. M. Mohite Group. The company is a 100% export-oriented unit (EOU). Subsequently the name was changed to present one in 2008

ACL has been conferred with registration as Class I (A) category contractor with Public Works Division (PWD) of Government of Maharashtra. This permits the company to bid for, to carry out and to complete independently civil and infrastructure contracts received from Government and Semi Government Bodies without any restriction on the upper limit of the project amount.

ACL intends to establish itself as a quality yarn dyed fabric exporter. Presently, ACL exports its cotton yarn to Italy, Mauritius, Germany, South Korea, Switzerland, Vietnam, Bahrain, Russia, Korea, Mauritius and Hong Kong. The company also undertakes contract works for various infrastructure projects.

Business divisions

Yarn Manufacturing- The Company has a capacity to 36,144 spindles and has been able to provide various value added facilities such as compact spinning, Singeing, Doubling etc. The unit manufactures yarn ranging from 40s to 120s.

Weaving- ACL has entered into weaving segment with the setting up of its Mega Project - with a total outlay of over Rs. 222.32 Crores which was envisaged, financed and implemented within a record time of two years. A total capacity of 8 million meters fabric per annum is being established with the successful commissioning of the new project.

Construction- Company ventured into construction in 2000 and took over construction of Morbe dam (earthern) project on Dhavri river from R.M. Mohite & Co. The group has been part of various projects namely Bhira Tail race hydro-electric project in Raigad district, Wana left bank canal, M.I. tank at Chorgewadi in Sindhudurg district are among others.

Milestones

  • 1993- Abhishek Cotspin Mills was incorporated for undertaking the business of manufacture of cotton yarn.
  • 1999- The company set up modern manufacturing facility of 13,104 spindles for 100% combed cotton yarn at Kolhapur in the state of Maharashtra .it started exporting high quality cotton yarn at competitive prices.
  • 2000- The company entered into construction business.
  • 2003- The company ventured into infrastructure construction.
  • 2005- The company’s name was changed to Abhishek Mills
  • 2006- Expansion of capacity from 25920 spindles to 33120 spindles. The same year company applied to PWD GoM for registration as Class IB contractor.
  • 2008- The name of the company was changed to present one.

New Development

Abhishek Corporation is planning to set up a yarn-dyed shirting fabric project with an investment cost of Rs 217 crore in Kolhapur district, that is expected to create jobs for around 700 people. The project will produce 21.6 million metres of fabric per annum.

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