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Check Before You Invest : Ind-Agiv Commerce Ltd

BSE: 517077 NSE: ISIN: INE115E01010
  |   Sector:  Miscellaneous   |   Industry:  Trading

Snapshot

Q.1 Which industry/sub-sector does Ind-Agiv Commerce Ltd belong to?
Ind-Agiv Commerce Ltd belongs to the Miscellaneous sector, operating specifically within the Trading segment.
Q.2 Is Ind-Agiv Commerce Ltd a good quality company?
Ind-Agiv Commerce Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Ind-Agiv Commerce Ltd undervalued or overvalued?
Ind-Agiv Commerce Ltd appears Overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios Current 5-year
Historic Median
Price to Earnings - -
Price to Book 22.07 -1.59
Price to Sales 10.41 0.53
EV to EBITDA -80.93 -17.96
Q.4 Is Ind-Agiv Commerce Ltd a good buy now?
Ind-Agiv Commerce Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Ind-Agiv Commerce Ltd?
Ind-Agiv Commerce Ltd revenue growth is -57.1% for FY-2025, which is below its 5-year CAGR of -20.7%, indicating slower growth.

Q.2 Gross Profit margin of Ind-Agiv Commerce Ltd?
Ind-Agiv Commerce Ltd Gross profit margin which is the profit after deduction of direct costs, is -44.8% for FY-2025, which is below its 5-year median of -24.9%, indicating decreasing margins.

Q.3 Operating Profit Margin of Ind-Agiv Commerce Ltd?
Ind-Agiv Commerce Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is -10.68% for FY-2025, which is below its 5-year median of -9.27% indicating decreasing margins.

Q.4 Net Profit Margin of Ind-Agiv Commerce Ltd?
Ind-Agiv Commerce Ltd Net Profit Margin is -52.17% for FY-2025, is below its 5-year median of -24.59%, indicating decreasing margins.
Current Level 5-year
Historic Median
Gross Profit Margin (%) -44.8 -24.9
Operating Profit Margin (%) -10.68 -9.27
Net Profit Margin (%) -52.17 -24.59

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Ind-Agiv Commerce Ltd?
Ind-Agiv Commerce Ltd Return on Asset is -6.37%, which is above its 5-year historical median of -7.4%, indicating improved asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Ind-Agiv Commerce Ltd?
Ind-Agiv Commerce Ltd Return on capital employed is -21.59% for FY-2025, which is below its 5-year historical median of -8.1%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 14%, indicating value preservation.

Q.7 Return on Equity (ROE) of Ind-Agiv Commerce Ltd?
Ind-Agiv Commerce Ltd Return on equity is 0% for FY-2025, which is below its 5-year historical median of 5.5%, indicating the business is making worse use of its shareholders capital.

Q.8 Cash conversion cycle of Ind-Agiv Commerce Ltd?
Ind-Agiv Commerce Ltd Cash conversion cycle is 466 days, below its 5-year historical median of 512 days, indicating improved working capital management. However, you need to compare this with its peers in the industry.
Current Level 5-year
Historic Median
Asset Turnover (x) 0.12 0.29
ROE (%) - 5.5
ROCE (%) -21.59 -8.1
Cash Conversion Cycle 466 days 512 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Ind-Agiv Commerce Ltd?
Ind-Agiv Commerce Ltd Debt-to-Equity ratio is -1.03, which is lower the industry average of 0.03, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of Ind-Agiv Commerce Ltd?
Ind-Agiv Commerce Ltd Debt to cash flow from operations is -2.52, which is at a unhealthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Ind-Agiv Commerce Ltd?

Q.1 Promoter shareholding and pledge status of Ind-Agiv Commerce Ltd?
Promoters hold 28.69% of the Ind-Agiv Commerce Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Ind-Agiv Commerce Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Ind-Agiv Commerce Ltd vs industry peers?
Ind-Agiv Commerce Ltd revenue CAGR is -20.70%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Profit Metrics
Current Level 5-year
Industry Median
Revenue Growth (%) -57.1 -
Gross Profit Growth (%) 0 17.9
Operating Profit Growth (%) 0 16.4
Net Profit Growth (%) 0 17.3
Operating Efficiency
Current Level 5-year
Industry Median
Asset Turnover (x) 0.12 0.52
ROE (%) - 2.05
ROCE (%) -21.59 3.6
Cash Conversion Cycle (days) 465.51 46

Valuation & price assessment

Q.1 Stock return of Ind-Agiv Commerce Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.4% based on the current price.
9Y 5Y 3Y 1Y
Share Price
CAGR
7.4% 19.2% 10.7% -43.8%
Q.2 Valuation ratios of Ind-Agiv Commerce Ltd vs historical?
The current P/E ratio of 0 is in line with than its historical median of , indicating that the stock is trading near its historical average valuation.
Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?
Valuation Ratios Current 5-year
Historic Median
5-year
Industry Median
Price to Earnings - - 33.62
Price to Book 22.07 -1.59 1.57
Price to Sales 10.41 0.53 2.21
EV to EBITDA -80.93 -17.96 14.09

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