Arrow Greentech Ltd - Stock Valuation and Financial Performance

BSE: 516064 | NSE: ARROWGREEN | Packaging | Small Cap

Arrow Greentech Share Price

382.70 -3.35 -0.87%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Arrow Greentech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Arrow Greentech stock performance -

mw4me loader
P/E Ratio (CD):
18.14
Market Cap:
582.5 Cr.
52-wk low:
233
52-wk high:
516.4

Is Arrow Greentech Ltd an attractive stock to invest in?

1. Is Arrow Greentech Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Arrow Greentech Ltd is a average quality company.

2. Is Arrow Greentech Ltd undervalued or overvalued?

The key valuation ratios of Arrow Greentech Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Arrow Greentech Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Arrow Greentech Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Arrow Greentech:

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.
Arrow Greentech 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 64%62.9%48.8%38.2%-0.1%-18.1%-11.7%8.7%-10.4%14.2%-
Value Creation
Index
3.63.52.51.7-1.0-2.3-1.8-0.4-1.70.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 35.548.550.852.634.634.32252.433.7109146
Sales YoY Gr.-36.9%4.7%3.5%-34.3%-0.8%-35.8%137.9%-35.7%223.1%-
Adj EPS 12.619.322.925.8-0.1-12.9-75-6.7821.3
YoY Gr.-52.7%18.5%12.7%-100.5%NANANA-235.7%NA-
BVPS (₹) 23.636.95577.377.561.853.9605365.176.9
Adj Net
Profit
15.924.328.832.4-0.2-16.3-9.97-9.512.132
Cash Flow from Ops. 23.326.327.316.75-16.53.40.92.43-
Debt/CF from Ops. 0000001.54.21.40.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.3%25.8%70.3%223.1%
Adj EPS -5%NANANA
BVPS12%-3.4%6.5%22.8%
Share Price 21.2% 40.1% 75.3% 54.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
67.963.649.638.9-0.2-18.5-12.98.7-11.91430
Op. Profit
Mgn %
53.566.373.36915.7-41.7-33.517.6-20.921.833.8
Net Profit
Mgn %
44.951.35862.7-0.8-48-46.214.1-27.911.122
Debt to
Equity
0000000.10.10.10-
Working Cap
Days
1276287117251306447229366153100
Cash Conv.
Cycle
-79-143-53-59311512841915882

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 30.00%

Sales growth is growing at healthy rate in last 3 years 70.28%

Sales growth is good in last 4 quarters at 320.84%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Arrow Greentech Ltd.

Standalone Consolidated
TTM EPS (₹) 24.3 21.3
TTM Sales (₹ Cr.) 131 146
BVPS (₹.) 72.9 76.9
Reserves (₹ Cr.) 95 101
P/BV 5.30 5.02
PE 15.88 18.14
From the Market
52 Week Low / High (₹) 233.00 / 516.40
All Time Low / High (₹) 0.05 / 802.40
Market Cap (₹ Cr.) 582
Equity (₹ Cr.) 15.1
Face Value (₹) 10
Industry PE 17.4

Management X-Ray of Arrow Greentech:

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 Arrow Greentech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales354951533534225234109
Operating Expenses 17191416294930444185
Manufacturing Costs7222443479
Material Costs242382612271954
Employee Cost 11357976711
Other Costs 71266101077711
Operating Profit 192937365-15-88-724
Operating Profit Margin (%) 52.8%60.4%73.3%69.0%15.7%-43.4%-35.0%16.0%-21.3%21.8%
Other Income 1155222322
Interest 0000001111
Depreciation 0112444557
Exceptional Items 0000000000
Profit Before Tax 203041393-17-106-1118
Tax 47105300-1-26
Profit After Tax 162331350-17-107-912
PAT Margin (%) 44.7%47.2%61.5%65.8%0.5%-49.2%-46.4%13.0%-27.5%11.3%
Adjusted EPS (₹)12.617.724.327.10.2-13.2-7.14.6-6.68.1
Dividend Payout Ratio (%)11%13%17%19%855%-4%0%0%0%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 30476997987876857598
Share Capital 12121212121214141415
Reserves 18355886866662706183
Minority Interest0112222222
Debt0000004321
Long Term Debt0000004321
Short Term Debt0000000000
Trade Payables41223332310
Others Liabilities 71118415414131017
Total Liabilities 416091106117879810592129

Fixed Assets

Gross Block12162227323240424864
Accumulated Depreciation45616912162027
Net Fixed Assets8111626262328262837
CWIP 1111121012131
Investments 7151518301715910
Inventories31125634715
Trade Receivables006108837426
Cash Equivalents 15264143301819202029
Others Assets66115191321271920
Total Assets 416091106117879810592129

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 232627175-163123
PBT 203041393-17-106-1118
Adjustment 100-7935678
Changes in Working Capital 42-6-4-3-110-107-20
Tax Paid -1-5-8-12-4-1-1-10-3
Cash Flow From Investing Activity -12-11-6-12-138-242-2-14
Capex -6-4-6-12-3-7-19-5-9-4
Net Investments -7-80-2-1114-566-11
Others 1112110100
Cash Flow From Financing Activity -2-4-7-2-6-312-2-28
Net Proceeds from Shares 00000080011
Net Proceeds from Borrowing -2000005-1-1-1
Interest Paid 000000-1-1-1-1
Dividend Paid 1-2-6-2-6-3-1000
Others -1-2-10000000
Net Cash Flow 911142-14-11-82-1-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)68.9560.1453.9541.580.18-19.22-13.288.5-11.6314.18
ROCE (%)79.4177.2770.5747.313.39-19.32-12.347.55-12.2121.66
Asset Turnover Ratio1.080.970.680.540.310.340.240.520.340.98
PAT to CFO Conversion(x)1.441.130.870.49INFN/AN/A0.14N/A0.25
Working Capital Days
Receivable Days1342252928391365850
Inventory Days3715610355676255736
Payable Days5492913092661064291324845

Arrow Greentech Ltd Stock News

Arrow Greentech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Arrow Greentech on 28-Mar-2024 16:01 is ₹382.7.
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 28-Mar-2024 16:01 the market cap of Arrow Greentech stood at ₹582.5.
The latest P/E ratio of Arrow Greentech as of 28-Mar-2024 16:01 is 15.88.
The latest P/B ratio of Arrow Greentech as of 28-Mar-2024 16:01 is 5.30.
The 52-week high of Arrow Greentech is ₹516.4 and the 52-week low is ₹233.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Arrow Greentech is ₹131.4 ( Cr.) .

About Arrow Greentech Ltd

Arrow Coated Products incorporated on 30th October 1992, is a customer centric company and provides solutions that serve the need of society leading to enhanced stakeholder value.

The company has branch offices located at Delhi, Mumbai, Ahmedabad and Bangalore. Its manufacturing unit is located at Ankleshwar and Surat. Arrow’s manufacturing unit at Ankleshwar is engaged in manufacturing of Biodegradable water-soluble film, Security Thread.

It is only manufacturer of water soluble films in India, (world wide only three including arrow) preferred providers of innovative eco-friendly solutions.

It has worldwide distribution network including USA, Switzerland, Germany, Srilanka, Thailand, Singapore, U.A.E, etc.

The company operates subsidiaries namely Avery Bio-Degradable Products, Nagra Id Arrow Secure Cards and SP- Arrow Bioplast.

The company was listed in Bombay Stock Exchange with IPO size of Rs 4.48 crores. The company won India Star Packaging Award in 2000 from Indian Institute of Packaging (IIP) and has also been nominated for World Star Packaging Award for Water Soluble Bags.

Products

  • Circles for Toilet Blocks Packaging
  • Water Soluble Soap Strips
  • Embedded Film with Active Ingredients
  • Flavoured Film
  • Security Film
  • Multilayered Film
  • Disinfectant Laundry Bags
  • Medicated Film
  • Arrow Capsule Packs

Milestone

  • 1960- Arrow Coated Products started production of water based packaging tapes.
  • 1963- The company commenced production of textile wrappers using water based inks.
  • 1974- It acquired 1st polytype Swiss coater.
  • 1979- The company started water based eco friendly PSA materials.
  • 1984- Arrow conducted trials of kraft paper silicon liners - eco-friendly.
  • 1990-The company started 1st trial run of WSF in a lab scale plant.
  • 2000-Arrow won India Star Award for WSF bags.
  • 2005- The company formed joint venture with Nagra ID for RFID & Smart Card technology and with Stanelco & Adept for Blown WSF.
  • 2006-Arrow entered into joint venture with Sphere, France for manufacturing of Bio-C film.
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