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Ajanta Soya Ltd Stock Analysis

Small Cap
Evaluated by 388 users | BSE: 519216 | NSE: |
Consumer Food
Ajanta Soya, incorporated on January 13, 1992, is engaged in manufacturing of vanaspati and refined oil. The company manufactures its products under the brand name “Dhruv” and “Anchal”. It also manufactures bakery shortening products used in various kind different...

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 3.84%4.82%3.65%6.15%8.2%14.33%8.32%-1.99%0.26%21.32%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 302370418473553579700346695760
Y-o-Y Gr. Rt.-22.5%13.2%13.1%16.8%4.8%20.9%-50.6%100.7%9.4%
Adjusted EPS (Rs.) 0.390.170.320.731.283.641.92-1.27-1.856.93
Y-o-Y Gr. Rt.--56.4%88.2%128.1%75.3%184.4%-47.3%-166.2%NANA
Book Value per Share (Rs.) 17.2617.4416.9817.8817.2220.5126.2727.7327.5633.61
Adjusted Net Profit 0.50.20.51.125.63-2.1-311.2
Net Op. Cash Flow (Rs. Cr.) -7.93.81722.9-14.710.720.9-44.821.821.2
Debt to Cash Flow from Ops -2.738.260.730.12-1.111.520.06-0.661.080.13
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.
Ajanta Soya Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 10.8%6.6%2.8%9.4%
Adjusted EPS 37.7%40.2%53.4%NA
Book Value per Share 7.714.38.622
Share Price 22.3% 24.7% 1.6% 117.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 2.280.952.094.197.3119.318.19-4.81-6.6722.65
Operating Profit Margin (%) 0.921.050.540.720.621.270.820.040.412.4
Net Profit Margin (%) 0.150.050.120.240.360.970.42-0.59-0.431.47
Debt to Equity 1.061.520.470.10.610.510.030.660.530.05
Working Capital Days 41343439383931674540
Cash Conversion Cycle 24242733333125502927
Entity Percentage Holding
Promoters 46.85%
Non-Institutions 53.15%
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 Ajanta Soya Ltd's performance infers:

Ajanta Soya Ltd earnings have grown by 40.2%, whereas share price has appreciated 24.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Ajanta Soya Ltd share prices over the last 10 years. Here is what we found out:

Ajanta Soya Ltd share price has appreciated 18.3% annually over the past ten years.

Ajanta Soya, incorporated on January 13, 1992, is engaged in manufacturing of vanaspati and refined oil. The company manufactures its products under the brand name “Dhruv” and “Anchal”. It also manufactures bakery shortening products used in various kind different bakery products like biscuits, puff, creams, etc.

The company is recognised an export house in accordance with the provision of Exim Policy. The turnover of the company is around Rs 250 crore.

The

Ajanta Soya, incorporated on January 13, 1992, is engaged in manufacturing of vanaspati and refined oil. The company manufactures its products under the brand name “Dhruv” and “Anchal”. It also manufactures bakery shortening products used in various kind different bakery products like biscuits, puff, creams, etc.

The company is recognised an export house in accordance with the provision of Exim Policy. The turnover of the company is around Rs 250 crore.

The company’s manufacturing facility is located at Bhiwadi. This plant is well equipped with machinery and equipments supplied from Alfa Laval and Mectech Engineers. Ajanta Soya started with production capacity of 62.5 TPD which has grown to present capacity of 180 TPD. Production capacity of the manufacturing facility is 54000 MT / P.A for vanaspati/refined oil.

The company sources loose vanaspati to major biscuit manufacturers like Parle, Britannia, ITC Foods and Surya Food, among others.

The company has a sales network of about 350 dealers that have presence in major cities and rural areas of Rajasthan, Delhi, Haryana and Uttar Pradesh. The company’s depots are located at Jaipur and Meerut.

Ajanta Soya packages its products in different sizes ranging from 100 ml sachet packs (pouch) to 15 kg tins/polyjar. 

Recent developments

Ajanta Soya has established a rice bran processing unit with manufacturing capacity of 50 TPD. The unit required a capital investment Rs 3 crore. The unit is well equipped with technology used for removal of phosphorous content. The oil produced from this process has high content of orygenols.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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