Aksharchem (India) Ltd - Stock Valuation and Financial Performance

BSE: 524598 | NSE: AKSHARCHEM | Dyes & Pigments | Small Cap

Aksharchem (I) Share Price

326.95 5.70 1.77%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Aksharchem (I)

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Aksharchem (India) stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
262.4 Cr.
52-wk low:
235.4
52-wk high:
376

Is Aksharchem (India) Ltd an attractive stock to invest in?

1. Is Aksharchem (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Aksharchem (India) Ltd is a average quality company.

2. Is Aksharchem (India) Ltd undervalued or overvalued?

The key valuation ratios of Aksharchem (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Aksharchem (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Aksharchem (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Aksharchem (I):

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.
Aksharchem (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 38.6%27.7%56.8%21.5%13.6%7.4%6.3%6.5%0.9%-3.9%-
Value Creation
Index
1.81.03.10.50.0-0.5-0.6-0.5-0.9-1.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 200188248264323260246380335302316
Sales YoY Gr.--6.1%32.3%6.4%22.2%-19.4%-5.3%54.3%-12%-9.8%-
Adj EPS 20.121.967.335.825.319.115.119.4-1.2-23.3-15.1
YoY Gr.-9.2%206.8%-46.9%-29.1%-24.6%-21%28.8%-106.1%NA-
BVPS (₹) 97.7116.2192289.8313.6323.5339.8348.2346.5322.7324.1
Adj Net
Profit
14.71649.229.320.815.712.415.6-1-18.7-12
Cash Flow from Ops. 28.213.341.129.9-8.826.349.34.337.9-6.6-
Debt/CF from Ops. 0.92.30.80-1.30.50.311.70.7-7.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.7%-1.3%7%-9.8%
Adj EPS -201.6%-198.3%-215.5%NA
BVPS14.2%0.6%-1.7%-6.9%
Share Price 4.4% 10.7% -13.4% 15.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
27.920.543.715.58.464.65.6-0.3-7-4.7
Op. Profit
Mgn %
13.717.231.215.710.710.19.78.34.60.52.7
Net Profit
Mgn %
7.48.619.811.16.4654.1-0.3-6.2-3.8
Debt to
Equity
0.30.40.2000.10.10.20.10.2-
Working Cap
Days
10113611813513618618313215115372
Cash Conv.
Cycle
-5-221838636657707729

Recent Performance Summary

Sales growth is good in last 4 quarters at 10.79%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 7.01%

Net Profit has been subdued in last 3 years -215.53%

Latest Financials - Aksharchem (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -15.1 20.7
TTM Sales (₹ Cr.) 316 188
BVPS (₹.) 324.1 0
Reserves (₹ Cr.) 252 87
P/BV 1.01 0.00
PE 0.00 15.77
From the Market
52 Week Low / High (₹) 235.40 / 376.00
All Time Low / High (₹) 1.00 / 941.95
Market Cap (₹ Cr.) 262
Equity (₹ Cr.) 8
Face Value (₹) 10
Industry PE 55

Management X-Ray of Aksharchem (I):

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

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Analyst's Notes

Key Ratios of Aksharchem (I)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales200188248264323260246380335302
Operating Expenses 173155171223288234223349319301
Manufacturing Costs34333843596056867085
Material Costs125108115160205149143230218181
Employee Cost 4556799111112
Other Costs 991313181715222022
Operating Profit 2732774234262432151
Operating Profit Margin (%) 13.7%17.2%31.2%15.7%10.7%10.0%9.7%8.3%4.6%0.5%
Other Income 3197511100
Interest 3331111234
Depreciation 4455677121314
Exceptional Items 0000000000
Profit Before Tax 24267943331917180-16
Tax 8926121135203
Profit After Tax 1617533123161316-1-19
PAT Margin (%) 8.0%8.9%21.3%11.6%7.0%6.0%5.1%4.2%-0.3%-6.2%
Adjusted EPS (₹)21.922.872.437.327.519.215.219.8-1.2-23.3
Dividend Payout Ratio (%)16%15%5%9%13%18%23%3%-43%-2%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 7185140238257265279280278259
Share Capital 7778888888
Reserves 6478133230249257271272270251
Minority Interest0000000000
Debt2329290121315441946
Long Term Debt2760000231717
Short Term Debt212223012131522228
Trade Payables38293131272538503844
Others Liabilities 14131831202024323032
Total Liabilities 146155219299316323355406365381

Fixed Assets

Gross Block798595121166175283297304327
Accumulated Depreciation24293035404754667992
Net Fixed Assets55566586126128229231225235
CWIP 2492631626161711
Investments 182351772110000
Inventories18163230374258725965
Trade Receivables21231328383028533647
Cash Equivalents 1145223223
Others Assets31334548615831312520
Total Assets 146155219299316323355406365381

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 28134130-92649438-7
PBT 24267943331917180-16
Adjustment 561-1177141617
Changes in Working Capital 6-11-181-34427-2324-13
Tax Paid -6-8-21-12-9-4-1-4-15
Cash Flow From Investing Activity -13-11-32-63-2-20-49-24-8-16
Capex -5-8-15-44-51-40-52-25-8-17
Net Investments -9-3-18-2147201100
Others 0012101000
Cash Flow From Financing Activity -15-2-5337-7118-3023
Net Proceeds from Shares 00067000-1200
Net Proceeds from Borrowing -2600000000
Interest Paid -3-3-3-1-1-1-1-2-3-4
Dividend Paid -3-6-30-3-70-3-10
Others -710-32121235-2627
Net Cash Flow 0030-401-100
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)30.3221.2746.9516.179.136.024.65.7-0.34-6.95
ROCE (%)38.627.6856.7621.4913.557.396.296.460.86-3.86
Asset Turnover Ratio1.861.261.341.021.050.810.7310.870.81
PAT to CFO Conversion(x)1.750.760.770.97-0.391.633.770.25N/AN/A
Working Capital Days
Receivable Days31422628374843394950
Inventory Days26333543375574637275
Payable Days851129571526581707482

Aksharchem (India) Ltd Stock News

Aksharchem (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Aksharchem (I) on 11-Oct-2024 16:01 is ₹326.9.
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-Oct-2024 16:01 the market cap of Aksharchem (I) stood at ₹262.4.
The latest P/E ratio of Aksharchem (I) as of 11-Oct-2024 16:01 is 0.00.
The latest P/B ratio of Aksharchem (I) as of 11-Oct-2024 16:01 is 1.01.
The 52-week high of Aksharchem (I) is ₹376.0 and the 52-week low is ₹235.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aksharchem (I) is ₹316.3 ( Cr.) .

About Aksharchem (India) Ltd

AksharChem (India) is engaged in the manufacture and sale of dyes and intermediates. It was incorporated as a private limited company on July 04, 1989 and was converted into a public company on February 15, 1994. Earlier known as Audichem (India), it got its present name on March 24, 2004. The registered office of the company is located at 166/169, Indrad Village, Kadi Kalol Road, Mehsana-382727, Gujarat. The key executives of the company are Paru M Jaykrishna, Pradeep Jha, Param J Shah, Gokul M Jaykrishna, Munjal M Jaykrishna and Kiran J Mehta.

The ISO 14001:2004 certified company manufactures vinyl sulphone ester and other intermediates at its plant located in the Mehsana district of Gujarat with an installed capacity of 3,000 MTPA dye intermediates.

The company has received many export awards from the Government of India, Government of Gujarat, Gujarat Chamber of Commerce and Industry, Gujarat Dye-stuff Manufacturers Association, Federation of Indian Export Organization, Chemexcil, and other organizations. With its export house status, it has established an international presence and exports to Hoechst A.G. of Germany, USA, England, Thailand and Argentina.

AksharChem has been awarded the presitigious International Gold Star Award for excellence in Corporate Image and Quality by Business Initiative Directions of Spain. AksharChem has been awarded 'Export House' status by Govt. of India and the emphasis on quality ultimately enabled the Company to achieve ISO 9001:2000.

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