Amrit Corp. Ltd Stock Analysis

BSE: 507525 | NSE: | Consumer Food | Small Cap

BSE Share Price 26-May-2022 18:01
937.95 0.00 (0.00%)

DeciZen - Make an Informed Decision on Amrit Corp

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

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Amrit Corp Price Chart

P/E Ratio (SA) :
21.71
Market Cap :
285 Cr.
52-wk low :
756.1
52-wk high :
953
Bole Toh?

1. Is Amrit Corp. Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Amrit Corp. Ltd is a below average quality company.

2. Is Amrit Corp. Ltd undervalued or overvalued?

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

3. Is Amrit Corp. Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Amrit Corp. 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 Amrit Corp:

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.
Amrit Corp. Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 6.5%4.5%5.7%4.8%1.9%8%5.6%2.6%5.7%4.3%-
Value Creation Index -0.5-0.7-0.6-0.7-0.9-0.4-0.6-0.8-0.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 80.554.949.642.147.554.468.174.336.658.859
YoY Gr. Rt. %--31.7%-9.8%-15.1%13%14.4%25.3%9%-50.7%60.7%-
Adj EPS 28.320.626.121.77.850.335.315.636.928.743.2
YoY Gr. Rt. %--27.3%26.6%-16.7%-64%542.7%-29.7%-55.8%136.2%-22.3%-
BVPS (₹) 435.1456.9484.8510.9579.5616.4639.1615.4636.7672.8672.8
Adj Net Profit 9.16.68.472.516.211.4511.28.713
Cash Flow from Ops. 40.8-6-0.212.9-11.6-19.3-9.3-4.4-12-6-
Debt/CF from Ops. 0.7-3.5-78.22.6-2.7-0.8-0.2-0.4-0.2-4.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.4%4.3%-4.8%60.7%
Adj EPS 0.1%29.7%-6.7%-22.3%
BVPS 531.75.7
Share Price 9.9% -5.7% 20.6% 10.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 6.74.65.54.41.48.45.62.55.74.46.4
Op. Profit Mgn % 4.80.44.1-2.4-10.7-4.53.6-1.4-21-7.8-11.9
Net Profit Mgn % 11.312.116.916.65.329.716.76.830.714.822.3
Debt to Equity 0.20.10.10.20.20.10000.10.1
Working Cap Days 144149146183196177118106230140493
Cash Conv. Cycle 50434050494131368255454

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.40%

Sales growth is good in last 4 quarters at 66.00%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years -6.71%

Latest Financials - Amrit Corp. Ltd.

Standalone Consolidated
TTM EPS (₹) 43.2 48.1
TTM Sales (₹ Cr.) 58.8 467
BVPS (₹.) 672.8 0
Reserves (₹ Cr.) 201 32
P/BV 1.39 0.00
PE 21.71 19.50
From the Market
52 Week Low / High (₹) 756.05 / 953.00
All Time Low / High (₹) 2.50 / 1900.00
Market Cap (₹ Cr.) 285
Equity (₹ Cr.) 3
Face Value (₹) 10
Industry PE 64.2

Management X-Ray of Amrit Corp :

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 Amrit Corp

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Amrit Corp. Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Amrit Corp on 26-May-2022 18:01 is : 938.0.
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 26-May-2022 18:01 the market cap of Amrit Corp stood at ₹ 285.0.
The latest PE ratio of Amrit Corp as of 26-May-2022 18:01 is 21.71.
The latest PB ratio of Amrit Corp as of 26-May-2022 18:01 is 1.39
The 52-week high of Amrit Corp is ₹ 953.0 and the 52-week low is ₹ 756.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Amrit Corp is ₹ 58.79 ( Cr.) .

About Amrit Corp. Ltd

Amrit Corp, formerly known as Amrit Banaspati Company, is the flagship holding company of the Amrit Group. Amrit Corp. is a public limited company listed on the stock exchanges at Mumbai and Kanpur. Starting off in the year 1940, Amrit Corp. set up various businesses including edible oils, writing and printing paper, dairy milk and milk products, real estate and services to emerge as a diversified conglomerate. Amrit Corp. has come a long way since its incorporation in 1940.

Amrit Corp. undertook a major initiative to restructure its business portfolio. As a part of long term business plan and growth strategy, a restructuring scheme was formulated, which has been duly sanctioned by all concerned including the shareholders, creditors and the Honarable High Courts at Allahabad, Delhi and Chandigarh. The scheme came into force on 23rd June, 2007. In terms of the restructuring scheme, the paper business together with the assets and liabilities has been demerged into a separate Company, ABC Paper, while edible oils and FMCG commodities business together with the assets and liabilities has been demerged and consolidated with Amrit Enterprises (now renamed as Amrit Banaspati Company).

Milestones:

  • 2007 - Restructuring scheme approved by all concerned including shareholders, creditors and the High Courts at Allahabad, Delhi and Chandigarh and came into force on 23rd June, 2007 with retrospective effect i.e. 1st April, 2006. Major Expansion Plan - envisaging an outlay of Rs.157 crore initiated in ABC Paper.   
  • 2006 - Restructuring scheme envisaging demerger of the paper business of the company into ABC Paper and demerger of the edible oil business with Amrit Enterprises, approved by the Board of Directors subject to necessary consents/approvals of the regulating agencies, including the High Courts.  
  • 2005 - Installed a 9 MW captive power plant at the paper division developing gagan enclave township at Ghaziabad for residential plots   
  • 2001-03 - Scheme for financial restructuring sanctioned by BIFR and company de-registered from BIFR.   
  • 1998 - ABCL filed reference with BIFR consequent to erosion of its net worth as on 31.12.1997; Vanaspati plant at Ghaziabad dismantled and shifted to Rajpura. As a result, Vanaspati capacity at Rajpura rose to 155 TPD.   
  • 1991 - APFL amalgamated with ABCL with the sole objective to service the institutional debt of APFL as all the Soya milk projects came up at that time failed to take off primarily because of lack of consumer awareness of soya milk. It also ventured into dairy milk and milk products.   
  • 1987 - Paper division’s capacity enhanced to 26, 400 TPA• Modernisation of the Vanaspati and refining plants undertaken  
  • 1986 - ABCL promoted separate company, viz. Amrit Protein Food (APFL) to produce and market soya-milk and other soyamilk based beverages at Ghaziabad.  
  • 1985 - Separate facilities to produce refined oils were set up with a capacity of 20,000 TPA each at Ghaziabad and Rajpura. Physical refinery was set up at Ghaziabad. Solvent extraction plant capacity also added at Rajpura   
  • 1982 - The capacity of the Vanaspati plant raised to 125 TPD at both the locations. Soap plants of 4,000 TPA capacity also set up at Ghaziabad and Rajpura. Glycerine plant of 1 TPD set up at Ghaziabad.   
  • 1980 - ABCL set-up its paper division in Sailakhurd (Punjab) to produce 10,000 TPA of cultural varieties of papers from agricultural residues like rice straw, wheat straw, kana grass, bagasse etc.  
  • 1969 - ABCL set up second vanaspati plant at Rajpura (Punjab) to manufacture 100 TPD of vanaspati. The capacity of the Ghaziabad Vanaspati plant raised to 100 TPD.   
  • 1962 - Textile mill sold to Sayaji Mills.  
  • 1953 - The vanaspati factory at Bombay shifted to Ghaziabad.  
  • 1946 - ABCL purchased the entire shareholding of New Prahlad Mills, a composite textile mill having 1022 looms and 43,000 spindles. New Prahlad became a subsidiary of ABCL.  
  • 1943 - ABCL acquired Ahmad Oomarbhoy Mills, Bombay, having Oil Expeller, Vanaspati, Refinery and Hydrogenation plant.  
  • 1941 - ABCL got listed  
  • 1940 - Amrit Group promoted its first industrial venture, Amrit Banaspati Company (ABCL) by setting up a Vanaspati (hydrogenated vegetable oil) plant at Ghaziabad (UP) with an installed capacity of 25 TPD.

Division:

1. Amrit Food

Amrit Food is a division of Amrit Corp. It was established in the year 1991, and is recognized as one of the leading producers of UHT Milk, Premium range of flavoured Milks, Pasteurized Milk, UHT Toned Milk, Double Toned Milk and otherMilk Products. Our enviroment friendly plant is sprawled over an area of about 20,000sq mtrs.

2. Realestate division

Amrit Corp. has developed a modern and premium township called “Gagan Enclave” in the Ghaziabad City. The total area of this residential township is 77,649 sq.yds which is duly approved by the Government. of U.P. and the Ghaziabad Development Authority. The uniqueness of this township is its high quality internal infrastructure i.e. sewerage, water-supply and rain-water harvesting systems, wide roads, green parks, high rise boundary wall and security system. The internal infrastructure is complete.

Business areas of the company:

Amrit Corp. engages in the production and marketing of dairy milk and milk products in India. Its products include dairy milk, flavored milk, pasteurized milk, toned milk, dairy mixes, and other milk products. The company also involves in real estate business, which includes the development of residential townships, commercial spaces, and group housing complexes. In addition, it offers corporate and strategic advisory services comprising strategic consulting, fund raising and project financing, market intelligence and project feasibility, budgetary planning and appraisal, and performance reviews; and business process outsourcing services, such as legal and secretarial support, tax administration, accounting support, PF/gratuity fund support, and internal control review.

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