Aksharchem (India) Ltd Stock Analysis

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

BSE Share Price 25-Nov-2022 18:01
314.20 3.70 (1.19%)

DeciZen - Make an Informed Decision on Aksharchem (I)

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

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Aksharchem (I) Price Chart

P/E Ratio (SA) :
24.36
Market Cap :
252.4 Cr.
52-wk low :
232.3
52-wk high :
497.4
Bole Toh?

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 Somewhat Undervalued 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 16.8%59.2%24.5%17.4%35.6%14.8%8.5%6%4.5%5.5%-
Value Creation Index 0.23.20.80.21.50.1-0.4-0.6-0.7-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 95.8145200188248264323260246380406
YoY Gr. Rt. %-51.2%37.9%-6.1%32.3%6.4%22.2%-19.4%-5.3%54.3%-
Adj EPS 7.742.820.121.967.335.825.319.115.119.412.9
YoY Gr. Rt. %-458%-53%9.2%206.8%-46.9%-29.1%-24.6%-21%28.8%-
BVPS (₹) 34.268.897.7116.2192289.8313.6323.5339.8348.2350.7
Adj Net Profit 3.821.214.71649.229.320.815.712.415.610
Cash Flow from Ops. 1.822.428.213.341.129.9-8.826.349.34.3-
Debt/CF from Ops. 7.90.40.92.30.80-1.30.50.311.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16.6%8.9%5.6%54.3%
Adj EPS 10.9%-22%-8.5%28.8%
BVPS 29.412.73.62.5
Share Price 31.4% -14.2% 18.3% -24.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 2583.127.920.543.715.58.464.65.63.7
Op. Profit Mgn % 6.422.613.717.231.215.710.710.19.78.36.3
Net Profit Mgn % 414.67.48.619.811.16.4654.12.6
Debt to Equity 0.80.30.30.40.2000.10.10.20.1
Working Cap Days 9585101136118135136186183132123
Cash Conv. Cycle -3-6-5-22183863665769

Recent Performance Summary

Sales growth is good in last 4 quarters at 27.82%

Return on Equity has declined versus last 3 years average to 3.70%

Sales growth has been subdued in last 3 years 5.61%

Net Profit has been subdued in last 3 years -8.46%

Latest Financials - Aksharchem (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 12.9 20.7
TTM Sales (₹ Cr.) 406 188
BVPS (₹.) 350.7 0
Reserves (₹ Cr.) 274 87
P/BV 0.90 0.00
PE 24.36 15.17
From the Market
52 Week Low / High (₹) 232.30 / 497.35
All Time Low / High (₹) 1.00 / 941.95
Market Cap (₹ Cr.) 252
Equity (₹ Cr.) 8
Face Value (₹) 10
Industry PE 21.7

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 (%)

News

Aksharchem (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Aksharchem (I) on 25-Nov-2022 18:01 is : 314.2.
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 25-Nov-2022 18:01 the market cap of Aksharchem (I) stood at ₹ 252.4.
The latest PE ratio of Aksharchem (I) as of 25-Nov-2022 18:01 is 24.36.
The latest PB ratio of Aksharchem (I) as of 25-Nov-2022 18:01 is 0.90
The 52-week high of Aksharchem (I) is ₹ 497.4 and the 52-week low is ₹ 232.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Aksharchem (I) is ₹ 406.5 ( 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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