Is Ashnoor Textile Mills a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ashnoor Textile Mills Ltd is a below average quality company .

Is Ashnoor Textile Mills undervalued or overvalued?

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

What is Ashnoor Textile Mills share price return in the past 10 years?

Ashnoor Textile Mills Ltd share price has appreciated 40.2% annually (CAGR) over the past ten years.

Is Ashnoor Textile Mills a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ashnoor Textile Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Ashnoor Textile Mills?

The latest standalone P/E ratio of Ashnoor Textile Mills as of 26-Apr-2024 is 13.07.

What is the P/B ratio of Ashnoor Textile Mills?

The latest standalone P/B ratio of Ashnoor Textile Mills as of 26-Apr-2024 is 1.37.

Ashnoor Textile Mills Ltd - Stock Valuation and Financial Performance

Name: Ashnoor Textile Mills
Brand: Ashnoor Textile Mills

BSE: 507872 | NSE: | Textile | Small Cap

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Ashnoor Textile Mill Share Price

₹66.42 -3.45 -4.94%
as on 26-Apr'24 16:01

10 Year X-Ray of Ashnoor Textile Mill:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	10.2%	9.5%	4.7%	11.6%	5.4%	11.9%	5.8%	6.7%	9.2%	6.5%	-
Value Creation Index ⓘ	-0.3	-0.3	-0.7	-0.2	-0.6	-0.2	-0.6	-0.5	-0.3	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	67.1	101	97.4	81.5	88.3	129	137	118	262	177	129
Sales YoY Gr.	-	50.7%	-3.7%	-16.3%	8.4%	45.5%	6.5%	-13.6%	121.5%	-32.4%	-
Adj EPS ⓘ	0.2	1.4	0.9	3.5	1	2.8	2.1	3.3	6	4.1	5.1
YoY Gr.	-	647.4%	-38%	294.3%	-70%	173.1%	-25.7%	55.9%	81.2%	-32.1%	-
BVPS (₹) ⓘ	13.2	14.3	15.2	17.5	19.2	22	24.1	27.7	33.6	37.7	48.3
Adj Net Profit ⓘ	0.2	1.8	1.1	4.4	1.3	4.2	3.2	4.9	9	6.1	8
Cash Flow from Ops. ⓘ	-2.6	0.6	18.2	-7.2	-8.6	-7.5	3.3	2.1	-13.6	45.3	-
Debt/CF from Ops. ⓘ	-8.6	48.8	1.4	-4.7	-4.7	-6.3	18.4	28.3	-7.2	1.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.4%	14.9%	8.9%	-32.4%
Adj EPS ⓘ	40.5%	31.3%	24.3%	-32.1%
BVPSⓘ	12.4%	14.4%	16.2%	12.1%
Share Price	40.2%	37.6%	72.3%	160.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	1.5	10.4	6	21.2	5.7	14.7	9.3	12.7	19.4	11.4	11.8
Op. Profit Mgn % ⓘ	10.7	4.9	5.2	11.7	7.5	10.4	6.9	9.6	7.2	8.7	13.2
Net Profit Mgn % ⓘ	0.4	1.8	1.2	5.4	1.5	3.3	2.3	4.2	3.4	3.4	6.3
Debt to Equity ⓘ	1.4	1.5	1.3	1.5	1.7	1.4	1.7	1.4	1.9	1.3	-
Working Cap Days ⓘ	210	137	129	165	208	178	204	269	153	214	134
Cash Conv. Cycle ⓘ	101	80	77	103	132	112	135	176	102	155	60

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 24.28%

Debt to equity has declined versus last 3 years average to 1.25

Return on Equity has declined versus last 3 years average to 13.70%

Sales growth has been subdued in last 3 years 8.93%

Sales growth is not so good in last 4 quarters at -27.28%

Latest Financials - Ashnoor Textile Mills Ltd.

	Standalone	Consolidated
TTM EPS (₹)	5.1	-
TTM Sales (₹ Cr.)	129	-
BVPS (₹.) ⓘ	48.3	-
Reserves (₹ Cr.) ⓘ	49	-
P/BV ⓘ	1.37	-
PE ⓘ	13.07	-

From the Market
52 Week Low / High (₹)	24.65 / 69.87
All Time Low / High (₹)	0.85 / 93.56
Market Cap (₹ Cr.)	106
Equity (₹ Cr.)	15.9
Face Value (₹)	10
Industry PE ⓘ	28.8

Management X-Ray of Ashnoor Textile Mill:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

2.78

0.00

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

Valuation of Ashnoor Textile Mill

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Ashnoor Textile Mill

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	67	101	97	82	88	129	137	118	262	177
Operating Expenses ⓘ	60	97	92	73	82	115	128	107	243	162
Manufacturing Costs	22	29	23	21	24	36	42	34	61	44
Material Costs	31	53	58	39	46	67	72	64	156	102
Employee Cost	1	2	3	3	3	2	2	1	2	2
Other Costs ⓘ	6	12	8	10	9	10	12	8	24	14
Operating Profit ⓘ	7	4	5	9	6	13	9	11	19	15
Operating Profit Margin (%)	10.5%	4.4%	5.0%	10.8%	7.2%	10.4%	6.9%	9.6%	7.2%	8.7%
Other Income ⓘ	0	2	1	2	2	0	0	1	1	1
Interest ⓘ	5	3	1	2	3	6	3	2	4	4
Depreciation ⓘ	2	1	2	3	2	2	3	3	4	4
Exceptional Items ⓘ	0	0	0	-1	0	0	0	1	0	0
Profit Before Tax ⓘ	0	2	3	4	4	5	4	7	12	8
Tax ⓘ	0	0	2	1	2	1	1	2	3	2
Profit After Tax	0	1	1	3	2	4	3	5	9	6
PAT Margin (%)	0.2%	1.4%	1.2%	3.6%	2.5%	3.2%	2.4%	4.6%	3.4%	3.5%
Adjusted EPS (₹)	0.1	1.1	0.9	2.3	1.7	2.8	2.2	3.6	6.0	4.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	17	18	19	22	24	32	36	42	50	57
Share Capital ⓘ	11	11	11	11	11	12	13	13	13	13
Reserves ⓘ	6	7	9	11	14	20	23	29	38	44
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	23	27	25	32	40	46	54	54	80	62
Long Term Debt	0	2	4	4	6	5	10	11	27	27
Short Term Debt	23	25	21	28	34	41	44	44	53	36
Trade Payables	8	7	7	6	9	11	13	14	20	3
Others Liabilities ⓘ	3	4	11	13	11	7	14	13	28	16
Total Liabilities ⓘ	51	56	63	73	85	96	117	123	179	138
Fixed Assets
Gross Block	48	53	63	66	67	69	77	71	82	90
Accumulated Depreciation	37	38	39	42	43	45	47	41	44	47
Net Fixed Assetsⓘ	11	15	24	24	24	24	29	30	37	43
CWIP ⓘ	0	0	0	0	1	0	0	0	0	0
Investmentsⓘ	0	0	0	0	0	0	1	1	3	14
Inventories	18	13	14	17	20	23	32	35	39	36
Trade Receivables	14	17	11	17	24	34	37	40	70	30
Cash Equivalents	2	2	8	5	3	3	2	1	9	4
Others Assetsⓘ	5	9	5	9	13	12	15	15	22	12
Total Assets ⓘ	51	56	63	73	85	96	117	123	179	138

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	-3	1	18	-7	-9	-7	3	2	-14	45
PBT ⓘ	0	2	2	6	3	5	4	6	12	8
Adjustment ⓘ	7	3	3	3	4	8	6	5	7	8
Changes in Working Capital ⓘ	-4	-2	15	-13	-12	-14	-7	-6	-31	32
Tax Paid ⓘ	0	0	-2	-1	-2	-1	-1	-2	-3	-2
Cash Flow From Investing Activity ⓘ	-1	-5	-11	-2	-2	-2	-13	-3	-17	-24
Capex	-1	-5	-11	-3	-2	-2	-8	-3	-11	-9
Net Investments	0	0	0	0	0	0	-1	0	-1	-11
Others ⓘ	0	0	0	0	0	0	-4	0	-5	-4
Cash Flow From Financing Activityⓘ	3	4	-2	7	8	10	9	0	39	-27
Net Proceeds from Shares ⓘ	3	0	0	0	0	2	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	2	2	0	1	-1	5	1	16	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	2	-4	7	6	9	4	-1	22	-26
Net Cash Flow ⓘ	0	-1	6	-2	-3	0	0	-1	8	-5

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	0.71	8.19	6.39	14.07	9.37	14.62	9.45	13.96	19.46	11.43
ROCE (%)	14.48	11.28	9.2	12.57	10.69	15.52	7.81	9.55	12.55	8.8
Asset Turnover Ratio	1.26	1.89	1.64	1.2	1.12	1.43	1.29	0.99	1.73	1.11
PAT to CFO Conversion(x)	N/A	1	18	-2.33	-4.5	-1.75	1	0.4	-1.56	7.5
Working Capital Days
Receivable Days	82	55	53	64	85	82	95	120	77	103
Inventory Days	94	56	50	70	78	62	74	102	51	77
Payable Days	145	54	44	60	60	54	60	78	40	41

Ashnoor Textile Mills Ltd Stock News

Ashnoor Textile Mills Ltd FAQs

What is the share price of Ashnoor Textile Mill?

Company share prices are keep on changing according to the market conditions. The closing price of Ashnoor Textile Mill on 26-Apr-2024 16:01 is ₹66.42.

What is the market cap of Ashnoor Textile Mill?

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 26-Apr-2024 16:01 the market cap of Ashnoor Textile Mill stood at ₹105.8.

What is the P/E ratio of Ashnoor Textile Mill?

The latest P/E ratio of Ashnoor Textile Mill as of 26-Apr-2024 16:01 is 13.07.

What is the P/B ratio of Ashnoor Textile Mill?

The latest P/B ratio of Ashnoor Textile Mill as of 26-Apr-2024 16:01 is 1.37.

What is the 52-week high and low of Ashnoor Textile Mill?

The 52-week high of Ashnoor Textile Mill is ₹69.87 and the 52-week low is ₹24.65.

What is the TTM revenue of Ashnoor Textile Mill?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashnoor Textile Mill is ₹129.3 ( Cr.) .

About Ashnoor Textile Mills Ltd

Ashnoor Textile Mills was incorporated on January 21, 1984 and the certificate of commencement of business was obtained on January 27, 1984. It was promoted by Vidya Sagar Gupta and Kishan Chand Aggarwal. The commpany started commercial activities in May 1984. It manufactures and exports handmade wool and silk pile carpets.

Crystal Water became a subsidiary of the company during 1986. This subsidiary undertook to manufacture water-coolers-cum-heaters under the brand name 'HOT IN COLD', Trial operations commenced in June 1987. Pelican Construction, become a subsidiary of the company during 1987-88.

The company has also diversified its activities into the field of imports, consumer durables and real estate business.

Products: