Asian Electronics Ltd Stock Analysis

BSE: 503940 | NSE: ASIANELEC | Electronics - Components | Small Cap

BSE Share Price
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10 Year X-Ray of Asian Electronics:

Analysis of Financial Track Record

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'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13TTM
ROCE % 5.5%9.4%13%19.1%-2.9%5.4%6.9%-14.7%-36.8%-5.9%-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 83.110215636721621222414882.818.21
YoY Gr. Rt. %-23.3%52.1%135.8%-41.1%-2.2%6%-34.2%-43.9%-78%-
Adj EPS 2.3714.223.2-100.52-20-34.8-3.5-5.6
YoY Gr. Rt. %-207%102%63%-143.3%NA330.4%-1111.1%NANA-
BVPS (₹) 66.361.576.7122.871.272.97346.111.37.21.2
Adj Net Profit 3.91225.466.4-301.46.1-71-123-13.8-22
Cash Flow from Ops. 22.4-12.7-30.2-13948.4-25.4195-1715.4-1.5-
Debt/CF from Ops. 2.9-6.7-5.3-1.24.3-9.40.7-11.512.8-128.1-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -15.5%-39%-56.7%-78%
Adj EPS -204.8%NA-220.8%NA
BVPS -21.8-36.7-53.7-36
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13TTM
Return on Equity % 3.510.920.726.9-10.60.62.7-36.1-122.2-42-134.4
Op. Profit Mgn % 24.32221.524.524.611.216.7-26.2-123.2-69.4-411.1
Net Profit Mgn % 4.711.716.318.1-13.80.62.7-48.1-149-75.7-1594.1
Debt to Equity 0.60.81.20.511.10.61.257.5-
Working Cap Days 5605274773587077476717661,0864,0610
Cash Conv. Cycle 2282272092174453693024266241,7510

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 - Asian Electronics Ltd.

Standalone Consolidated
TTM EPS (₹) -5.6 -4.7
TTM Sales (₹ Cr.) 1.4 19.5
BVPS (₹.) 1.2 0
Reserves (₹ Cr.) -15 -21
P/BV 1.55 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1.63 / 1.78
All Time Low / High (₹) 1.48 / 733.33
Market Cap (₹ Cr.) 7.1
Equity (₹ Cr.) 19.8
Face Value (₹) 5
Industry PE 67.2

Management X-Ray of Asian Electronics :

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 (%)

Event Update

Analyst's Notes

News

About Asian Electronics Ltd

Asian Electronics (AEL) is a manufacturer of energy saving products. Incorporated in 1964, the company started with manufacturing passive components and later in 1998 it diversified into the lighting segment.

The company is focused on designing and manufacturing of energy efficient products. It has a distribution network of 300 dealers spread across India.

AEL's financial model of “Pay from savings” has been recognized as one of the best by US Agency for International Development (USAID) in conjunction with other official agencies.

The company has a product portfolio that includes energy efficient lighting systems, range of luminaries such as Asian and Asian Raymold, intelligent lighting systems, LT and HT switched capacitor systems and HT substation load management system.

AEL offers high quality luminaries for use with T8 / T5 FTLs, CFLs, MV, SV, HID, lamps for all possible applications in the domestic, corporate, industrial, down lighting, floodlighting, landscaping segments and for special applications as in clean rooms in the pharmaceutical industry.

The company has partners with Westlux to distribute energy efficient lighting products all over Europe.

AEL has received certification from various agencies such as ISI, ETDC, ERDA, ERTL, CE, VDE, UL and EMV.

The company has over 500 industrial customers namely Taj Residency, Vardhman Group, The Leela Mumbai, Breach Candy Hospital, Tata Tele Services, Hero Cycles, Bharat Sanchar Nigam, Pepsico India Holding, Eveready Industries, Ceat Financial Services, Lucas TVS, Coca Cola,  Parle Product and Brittania Industries, among others.

Outlook

AEL has entered in joint venture with Home Solution Retail India -- part of Future group. The company will provide lighting solutions to Home Solution Retail. AEL has also formed joint venture with Home Solution and Idiom Design and Consulting.

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