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Aksharchem (India) Ltd. Stock Analysis

Small Cap
Evaluated by 723 users | BSE: 524598 | NSE: AKSHARCHEM |
Dyes & Pigments
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...

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 30.61%-10.48%16.84%59.24%24.48%17.39%35.61%14.81%8.46%6.01%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 84.651.995.8145200188248264323260
Y-o-Y Gr. Rt.--38.6%84.7%51.2%37.9%-6.1%32.3%6.4%22.2%-19.4%
Adjusted EPS (Rs.) 18.73-7.87.6742.820.121.9467.3235.7625.3419.1
Y-o-Y Gr. Rt.--141.6%NA458%-53%9.2%206.8%-46.9%-29.1%-24.6%
Book Value per Share (Rs.) 42.5227.1534.2368.8497.7116.24191.98289.82313.56323.45
Adjusted Net Profit 6.4-3.93.821.214.71649.229.320.815.7
Net Op. Cash Flow (Rs. Cr.) 1.9-1.11.822.428.213.341.129.9-8.826.3
Debt to Cash Flow from Ops 5.76-13.137.930.410.852.340.780-1.310.48
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Aksharchem (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.3%5.4%1.6%-19.4%
Adjusted EPS 0.2%-1%-34.3%-24.6%
Book Value per Share 25.327.1193.2
Share Price 27.3% 13% -33% 8.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 56.49-27.672583.0527.8520.5143.6915.518.46
Operating Profit Margin (%) 3.26-3.416.3722.6313.6817.1831.2215.7410.6810.12
Net Profit Margin (%) 7.54-7.443.9714.637.368.5519.8311.16.446.02
Debt to Equity 0.741.040.820.270.340.370.2300.040.05
Working Capital Days 1191809585101136118135136186
Cash Conversion Cycle -8-3-3-6-5-22183863
Entity Percentage Holding
Promoters 62.70%
Institutions 9.09%
Non-Institutions 28.21%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Aksharchem (I)'s performance infers:

Aksharchem (I) earnings have declined by -1%, whereas share price has appreciated 13% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Aksharchem (I) share prices over the last 10 years. Here is what we found out:

Aksharchem (I) share price has appreciated 25.6% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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