Ajanta Soya Ltd - Stock Valuation and Financial Performance

BSE: 519216 | NSE: | Edible Oil | Small Cap

Ajanta Soya Share Price

27.74 -0.16 -0.57%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ajanta Soya

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

1. Quality

2. Valuation

Fair

3. Price Trend

Ajanta Soya stock performance -

mw4me loader
P/E Ratio (SA):
229.22
Market Cap:
223.3 Cr.
52-wk low:
22
52-wk high:
39.8

Is Ajanta Soya Ltd an attractive stock to invest in?

1. Is Ajanta Soya Ltd a good quality company?

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

2. Is Ajanta Soya Ltd undervalued or overvalued?

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

3. Is Ajanta Soya Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ajanta Soya 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 Ajanta Soya:

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.
Ajanta Soya 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 % 6.2%8.2%14.3%8.3%-2%0.3%21.3%31.7%39.3%3.2%-
Value Creation
Index
-0.6-0.40.0-0.4-1.1-1.00.51.31.8-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4735535797003466957609311,3451,2361,060
Sales YoY Gr.-16.8%4.8%20.9%-50.6%100.7%9.4%22.5%44.4%-8.1%-
Adj EPS 0.20.30.70.4-0.3-0.41.42.64.90.20.1
YoY Gr.-73.3%180.8%-48%-165.8%NANA85.6%90.7%-95.1%-
BVPS (₹) 3.63.44.15.35.65.56.79.915.315.615.8
Adj Net
Profit
1.125.63-2.1-311.220.839.621
Cash Flow from Ops. 22.9-14.710.720.9-44.821.821.221.728.2-23.4-
Debt/CF from Ops. 0.1-1.11.50.1-0.71.10.10.10-0.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.3%29%17.6%-8.1%
Adj EPS 5.4%NA-44.3%-95.1%
BVPS17.8%23%32.5%2.1%
Share Price 27.8% 47.5% 24.8% 20.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.27.319.38.2-4.8-6.722.731.139.11.60.8
Op. Profit
Mgn %
0.70.61.30.800.42.43.93.50.60.1
Net Profit
Mgn %
0.20.410.4-0.6-0.41.52.22.90.20.1
Debt to
Equity
0.10.60.500.70.50.1000-
Working Cap
Days
3938393167454030344731
Cash Conv.
Cycle
3333312550292719101213

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.60%

Return on Equity has declined versus last 3 years average to 0.80%

Net Profit has been subdued in last 3 years -44.32%

Sales growth is not so good in last 4 quarters at -16.80%

Latest Financials - Ajanta Soya Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 -
TTM Sales (₹ Cr.) 1,060 -
BVPS (₹.) 15.8 -
Reserves (₹ Cr.) 111 -
P/BV 1.76 -
PE 229.22 -
From the Market
52 Week Low / High (₹) 22.00 / 39.78
All Time Low / High (₹) 0.08 / 69.38
Market Cap (₹ Cr.) 223
Equity (₹ Cr.) 16.1
Face Value (₹) 2
Industry PE 73.1

Management X-Ray of Ajanta Soya:

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 Ajanta Soya

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
Sales4735535797003466957609311,3451,236
Operating Expenses 4705495736943466937448951,2971,230
Manufacturing Costs24313028153132354147
Material Costs4355055286503196436948431,2381,162
Employee Cost 2333455577
Other Costs 810121381314121215
Operating Profit 3366021636486
Operating Profit Margin (%) 0.7%0.6%1.1%0.8%-0.1%0.3%2.1%3.9%3.5%0.5%
Other Income 2238612853
Interest 1111153213
Depreciation 2211112222
Exceptional Items 0000040000
Profit Before Tax 22711421341504
Tax 10243231582
Profit After Tax 1357101025422
PAT Margin (%) 0.3%0.5%0.9%1.0%0.3%-0.1%1.3%2.7%3.1%0.2%
Adjusted EPS (₹)0.20.30.70.90.1-0.11.23.15.20.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 2827324145445479123126
Share Capital 15151515161616161616
Reserves 1211162529283863107110
Minority Interest0000000000
Debt21616126173301
Long Term Debt0000600000
Short Term Debt21616120173301
Trade Payables604653643677505812694
Others Liabilities 5376101610201511
Total Liabilities 9592107112117155117160265232

Fixed Assets

Gross Block32333435414343485556
Accumulated Depreciation1823242691112131417
Net Fixed Assets14101010323231354040
CWIP 0000001100
Investments 11152224555182415
Inventories3231433242534041132111
Trade Receivables18231721152816182237
Cash Equivalents 149122381914213722
Others Assets544414191126107
Total Assets 9592107112117155117160265232

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 23-151121-4522212228-23
PBT 227114-31341504
Adjustment 211-5-366-423
Changes in Working Capital 19-18319-44155-11-6-23
Tax Paid 0-1-1-4-2-1-2-4-17-7
Cash Flow From Investing Activity -8-1-6-1210-40-23-2520
Capex 0-10-1-23-1-1-5-8-2
Net Investments -8-4-7-1232-31-19-1921
Others 0422010121
Cash Flow From Financing Activity -1213-1-1133-11-264-4-2
Net Proceeds from Shares 0000300000
Net Proceeds from Borrowing 00006-60000
Interest Paid -1-1-1-1-1-4-3-2-1-3
Dividend Paid 0000000000
Others -10150-1025-1-235-31
Net Cash Flow 3-24-3-27-520-5
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.189.3617.4119.662.21-0.9119.937.6841.671.8
ROCE (%)9.6710.1118.3126.848.698.6125.5261.0449.585.39
Asset Turnover Ratio5.655.935.836.413.035.115.586.726.344.98
PAT to CFO Conversion(x)23-52.23-45-INF2.10.880.67-11.5
Working Capital Days
Receivable Days16141210191111759
Inventory Days19212319392522162336
Payable Days325587732035

Ajanta Soya Ltd Stock News

Ajanta Soya Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ajanta Soya on 28-Mar-2024 16:01 is ₹27.74.
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 Ajanta Soya stood at ₹223.3.
The latest P/E ratio of Ajanta Soya as of 28-Mar-2024 16:01 is 229.2.
The latest P/B ratio of Ajanta Soya as of 28-Mar-2024 16:01 is 1.76.
The 52-week high of Ajanta Soya is ₹39.78 and the 52-week low is ₹22.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ajanta Soya is ₹1,060 ( Cr.) .

About Ajanta Soya Ltd

Ajanta Soya Limited (ASL) was incorporated on January 13, 1992 under companies Act, 1956. The Company is engaged in the primary business of manufacturing of Vanaspati and various kinds of cooking oil with applications products for bakery like biscuits, puffs, pastries and other applications.

The company is a leading manufacturer and marketer of Vanaspati, Cooking Oils and Bakery applications since two decades. The company has focused on continuous expansion, across business verticals to consolidate, and its industry leadership over the years. The company is promoted by well-established group having and proven track record in the fields of cooking oils.

It is now a company with a strong portfolio of brands viz. Druv, Anchal and Parv and enjoys reputed market share. It also offers its quality products as food ingredients to serve food manufacturers and food service industry.

The company has never let go of an opportunity to expand and modernise to keep up with the changing technologies & market trends. It has the most modern plant with State-Of-The-Art technology.

The plant has the facility to manufacture vanaspati, cooking oil & bakery shortening for puffs, biscuits, pastries and table margarines.

The plant is located in industrial town of Bhiwadi, Rajasthan & follows an environment friendly policy for operations. Strategically located 100 kms from Delhi (capital of India & one of the biggest markets), the plant caters to majority of locations in North India.

Business area of the company

The Company is engaged in the primary business of manufacturing of Vanaspati and various kinds of refined oil with shortening products for bakery like biscuits, puffs, pastries and other applications. It is a leading manufacturer and marketer of Vanaspati, Edible Oils and Bakery Application since two decades. The company has focused on continuous expansion, across business verticals to consolidate, and its industry leadership over the years.

Products

  • Cooking Oil
  • Vanaspati
  • Bakery Application
  • ByProducts

Brands

  • Anchal
  • Dhruv
  • Parv
  • Nutri 1992
  • ASL PURE
  • Fine Fingers
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