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Ind-Agiv Commerce Ltd (517077)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517077 NSE: Trading | Small Cap | Ind Agiv Commerce Share Price

₹60.08 2.86 (5.00%)

As on 12-Jun'26 16:59

Ind-Agiv Commerce Ltd (517077)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517077 NSE: Trading | Small Cap | Ind Agiv Commerce Share Price

₹60.08 2.86 (5.00%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹31 Cr.
Current Price
₹60.1
52-Week Low / High
₹34 / 99
TTM EPS
₹-1.6
TTM Sales
₹2.5 Cr.
Book Value per Share
₹2.4
P/E Ratio
0.00
Industry PE
35.6
Price to Book (P/B)
25.60
Higher than its 5-year historical median
Price to Sales (P/S)
12.08
Higher than its 5-year historical median
EV/EBITDA
-94.00
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
-21.59%
Underperforms industry median
Return on Assets (ROA)
-6.37%
Operating Profit Margin
-10.7%
Net Profit Margin
-52.17%
Gross Profit Margin
-44.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-57.06%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
28.69%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-4 Cr.
Equity
₹5.1 Cr.
Face Value
₹10
All Time Low / High
₹3.00 / 190.00

Ind-Agiv Commerce stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 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.

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.

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.
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.
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 5.7% based on the current price.

10 Year X-Ray :

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.
Ind-Agiv Commerce Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 29.5%14.7%12.4%9.8%15.3%-2.8%19.1%-10.4%-8.1%-21.6%-
Value Creation
Index
1.10.1-0.1-0.30.1-1.20.4NANANA-

Growth Parameters

Sales 6.46.68.811.811.385.312.38.23.53
Sales YoY Gr.-3.6%32.2%35.2%-4.8%-29%-33.5%131.3%-33.1%-57.1%-
Adj EPS 1.91.30.50.82-17.25.5-30-31.2-16.8-1.6
YoY Gr.--32.8%-58.3%58.5%133.3%-978.6%NA-648%NANA-
BVPS (₹) 22.924.124.52431.314.116.2-14-45.2-63.62.4
Adj Net
Profit
0.20.10.10.10.2-1.70.6-3-3.1-1.7-1
Cash Flow from Ops. -1.3-3.3-5-31.1-0.1-8.12.9-0.2-2.6-
Debt/CF from Ops. -0.6-1.2-1.7-3.98.8-183.7-0.63.7-45.3-2.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -6.4%-20.7%-12.7%-57.1%
Adj EPS -227.4%-253.6%-245.2%NA
BVPS-212.1%-215.3%-257.7%NA
Share Price 9% 27.3% 20.3% -38.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.75.42.22.43.9-3820.4-1510.8108.731.35.1
Op. Profit
Mgn %
-1110.57.77.413.4-8.6-32.5-9.3-9.1-10.7-20.2
Net Profit
Mgn %
31.90.60.71.7-21.610.3-24.5-38-47.5-31.2
Debt to
Equity
0.41.73.54.83.27.22.8-7.7-2.3-1-
Working Cap
Days
3502412502724497099045269722,1471,881
Cash Conv.
Cycle
1521031461822945126852542,226466522

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6.396.628.7511.8311.267.995.3112.288.223.53
Operating Expenses + 7.095.928.0710.969.768.677.0513.448.973.91
Manufacturing Costs0.070.120.210.270.100.170.110.230.010.01
Material Costs4.723.384.957.385.855.083.999.726.632.47
Employee Cost 11.391.661.932.251.911.661.701.441.04
Other Costs 1.291.021.251.391.551.511.281.790.890.39
Operating Profit -0.700.700.680.871.50-0.69-1.75-1.16-0.75-0.38
Operating Profit Margin (%) -11.0%10.5%7.7%7.4%13.3%-8.6%-32.9%-9.5%-9.1%-10.7%
Other Income + 1.560.180.580.540.760.533.950.380.160
Exceptional Items 000000-0.4500-0.24
Interest 0.470.430.740.991.771.411.032.272.511.20
Depreciation 0.100.180.180.190.190.190.060.020.020.02
Profit Before Tax 0.290.260.340.230.31-1.760.66-3.08-3.12-1.84
Tax 0.100.140.170.100.10-0.040.45-0.0600
Profit After Tax 0.200.130.170.130.20-1.720.21-3.02-3.12-1.84
PAT Margin (%) 3.1%1.9%2.0%1.1%1.8%-21.5%4.0%-24.6%-38.0%-52.2%
Adjusted EPS (₹)2.01.31.10.41.1-17.22.1-30.2-31.2-18.4
Dividend Payout Ratio (%)0%39.30%44.50%141.50%0%0%0%0%0%0%

Valuation of Ind Agiv Commerce - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2.282.412.454.675.393.671.71-1.31-4.43-6.27
Share Capital 1111111111
Reserves 1.281.411.453.674.392.670.71-2.31-5.43-7.27
Debt +0.804.018.5711.5610.0410.174.4710.7810.266.53
Long Term Debt0.804.012.232.341.972.721.978.177.026.53
Short Term Debt006.349.238.077.452.502.613.240
Minority Interest0000000000
Trade Payables1.400.680.270.2121.231.146.537.017.54
Others Liabilities 5.663.911.181.487.546.408.1110.8817.2419.96
Total Liabilities 10.1411.0112.4717.9224.9721.4715.4426.8930.0827.75

Fixed Assets

Net Fixed Assets +4.304.414.346.386.206.050.040.035.685.68
Gross Block4.534.824.937.167.187.220.420.436.116.13
Accumulated Depreciation0.240.410.590.780.981.170.380.410.430.45
CWIP 0000000000
Investments 1.220.570.570.660.660.660.660.660.660.66
Inventories0.942.252.774.749.617.346.876.862.102.02
Trade Receivables1.801.261.683.053.504.613.118.179.949.56
Cash Equivalents 0.811.100.480.340.960.862.343.212.940.65
Others Assets 1.081.432.622.754.031.952.427.968.749.18
Total Assets 10.1411.0112.4717.9224.9721.4715.4426.8930.0827.75

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1.34-3.29-5.03-2.991.14-0.06-8.062.88-0.23-2.59
PBT 0.290.260.340.230.31-1.760.21-3.02-3.12-1.84
Adjustment 0.050.150.140.110.140.14-3.892.14-0.140.02
Changes in Working Capital -1.66-3.7-5.47-3.320.691.56-4.393.763.03-0.77
Tax Paid -0.020-0.040000000
Cash Flow From Investing Activity + -1.60-0.26-0.020.030.0307.720.110.150.30
Capex -1.20-0.29-0.06-0.05-0.02-0.047.62-0.01-0.01-0.01
Net Investments -0.26000000000
Others -0.140.030.040.080.050.050.100.120.160.31
Cash Flow From Financing Activity + 0.803.844.432.82-1.0300-2.242.670
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-0.830.11000000
Interest Paid 0000000-2.2400
Dividend Paid 00-0.14-0.18-0.1800000
Others 0.803.845.392.88-0.850002.670
Net Cash Flow -2.140.28-0.62-0.140.14-0.05-0.340.762.59-2.29

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)95.437.215.57.33-75.8614.16N/AN/AN/A
ROCE (%)29.4814.6612.419.7715.27-2.8219.1N/AN/AN/A
Asset Turnover Ratio0.510.630.750.780.530.340.290.580.290.12
PAT to CFO Conversion(x)-6.7-25.31-29.59-235.7N/A-38.38N/AN/AN/A
Working Capital Days
Receivable Days86.6084.4061.4072.90106.10185.40265.40167.60402.301,007.70
Inventory Days108.3087.90104.70115.90232.50387.40488.90204.10199212.80
Payable Days55.30112.203511.7068.60115.80108.40144.20372.701,074.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ind-Agiv Commerce Ltd FAQs

The current trading price of Ind Agiv Commerce on 12-Jun-2026 16:59 is ₹60.08.

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 11-Jun-2026 the market cap of Ind Agiv Commerce stood at ₹30.72 Cr

The latest P/E ratio of Ind Agiv Commerce as of 11-Jun-2026 is 0.00.

The latest P/B ratio of Ind Agiv Commerce as of 11-Jun-2026 is 25.60.

The 52-week high of Ind Agiv Commerce is ₹98.61 and the 52-week low is ₹34.12.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ind Agiv Commerce is ₹2.54 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ind-Agiv Commerce Ltd is a below average quality company.

The key valuation ratios of Ind-Agiv Commerce Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Ind-Agiv Commerce Ltd

Ind Agiv Commerce was incorporated in the year 1986, promoted by S.C Oberoi and Sanjiv Khobrekar. The company has been engaged in the business of trading in broadcast equipments and selling paints. Earlier known as Electro-Mech (India), it got its present name with effect from Jan. 06, 2004.

It is India's only Total Paints Solutions company and the No 1 Spray Paint Company. The company enjoys nearly 90% of Market share in Spray Paints.

Ind Agiv has all India Sales network in Place having own offices in Mumbai, Bangalore Delhi, Chandigarh, Chennai and Kolkatta new offices at other metropolitan cities shortly.

It  has 600 active dealers and 42 distributors across India. Our motto is offering international brands at Indian prices, The products are user & environment friendly. Stocks are Sufficient for on demand delivery.

Delivery can be affected anywhere In the country in very short time.

Trading in brands procured from global leaders, the company has joined hands with companies like Canon, Ikegami, FOR-A, Ultimate, IDX, Tiffen, Kramer, Panther, Echolab, Kata, and Crystal Vision to name a few. It has a well established marketing network with regional offices in Bangalore and Delhi. In FY07, no major business activity was carried out. The Bangalore branch switched over to selling paints.

Product range of the company includes:

  • Spray paints
  • Premium Spray Paints
  • Interior Paints
  • Exterior Paints
  • OEM Touchup
  • Wall Putty and
  • Allied products like Sealent, car cream, Epoxy Putty, Paint Remover etc.
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