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BSE: 524598 | NSE: AKSHARCHEM | Dyes & Pigments | Small Cap
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 Strong which suggest that the price of Aksharchem (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 59.2% | 24.5% | 17.4% | 35.6% | 14.8% | 8.5% | 6% | 4.5% | 5.5% | 0.4% | - | ||
| Value Creation Index ⓘ | 3.2 | 0.8 | 0.2 | 1.5 | 0.1 | -0.4 | -0.6 | -0.7 | -0.6 | -1.0 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 145 | 200 | 188 | 248 | 264 | 323 | 260 | 246 | 380 | 335 | 292 | ||
| YoY Gr. Rt. % | - | 37.9% | -6.1% | 32.3% | 6.4% | 22.2% | -19.4% | -5.3% | 54.3% | -12% | - | ||
| Adj EPS ⓘ | 42.8 | 20.1 | 21.9 | 67.3 | 35.8 | 25.3 | 19.1 | 15.1 | 19.4 | -1.2 | -9.7 | ||
| YoY Gr. Rt. % | - | -53% | 9.2% | 206.8% | -46.9% | -29.1% | -24.6% | -21% | 28.8% | -106.1% | - | ||
| BVPS (₹) ⓘ | 68.8 | 97.7 | 116.2 | 192 | 289.8 | 313.6 | 323.5 | 339.8 | 348.2 | 346.5 | 339.8 | ||
| Adj Net Profit ⓘ | 21.2 | 14.7 | 16 | 49.2 | 29.3 | 20.8 | 15.7 | 12.4 | 15.6 | -1 | -8 | ||
| Cash Flow from Ops. ⓘ | 22.4 | 28.2 | 13.3 | 41.1 | 29.9 | -8.8 | 26.3 | 49.3 | 4.3 | 37.9 | - | ||
| Debt/CF from Ops. ⓘ | 0.4 | 0.9 | 2.3 | 0.8 | 0 | -1.3 | 0.5 | 0.3 | 11.7 | 0.7 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 9.8% | 4.8% | 8.8% | -12% | ||||||||
| Adj EPS ⓘ | -167.1% | -150.6% | -139.5% | -106.1% | ||||||||
| BVPSⓘ | 19.7% | 3.6% | 2.3% | -0.5% | ||||||||
| Share Price | 20.8% | -9.5% | 8.9% | -12.8% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 83.1 | 27.9 | 20.5 | 43.7 | 15.5 | 8.4 | 6 | 4.6 | 5.6 | -0.3 | -2.8 | |
| Op. Profit Mgn % ⓘ | 22.6 | 13.7 | 17.2 | 31.2 | 15.7 | 10.7 | 10.1 | 9.7 | 8.3 | 4.6 | 2.9 | |
| Net Profit Mgn % ⓘ | 14.6 | 7.4 | 8.6 | 19.8 | 11.1 | 6.4 | 6 | 5 | 4.1 | -0.3 | -2.7 | |
| Debt to Equity ⓘ | 0.3 | 0.3 | 0.4 | 0.2 | 0 | 0 | 0.1 | 0.1 | 0.2 | 0.1 | - | |
| Working Cap Days ⓘ | 85 | 101 | 136 | 118 | 135 | 136 | 186 | 183 | 132 | 151 | 0 | |
| Cash Conv. Cycle ⓘ | -6 | -5 | -2 | 2 | 18 | 38 | 63 | 66 | 57 | 70 | 0 | |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years 8.76%
Net Profit has been subdued in last 3 years -139.53%
Sales growth is not so good in last 4 quarters at -24.40%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -9.7 | 20.7 |
| TTM Sales (₹ Cr.) | 292 | 188 |
| BVPS (₹.) ⓘ | 339.8 | 0 |
| Reserves (₹ Cr.) ⓘ | 265 | 87 |
| P/BV ⓘ | 0.86 | 0.00 |
| PE ⓘ | 0.00 | 14.10 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 201.30 / 374.55 |
| All Time Low / High (₹) | 1.00 / 941.95 |
| Market Cap (₹ Cr.) | 234 |
| Equity (₹ Cr.) | 8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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