Associated Coaters Ltd - Stock Valuation and Financial Performance

BSE: 544183 | NSE: | Miscellaneous | Small Cap

Associated Coaters Share Price

108.44 5.16 5.00%
as on 16-May'25 16:59

DeciZen - make an informed investing decision on Associated Coaters

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Associated Coaters stock performance -

mw4me loader
P/E Ratio (SA):
13.86
Market Cap:
14 Cr.
52-wk low:
81.5
52-wk high:
373

Is Associated Coaters Ltd an attractive stock to invest in?

1. Is Associated Coaters Ltd a good quality company?

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

2. Is Associated Coaters Ltd undervalued or overvalued?

The key valuation ratios of Associated Coaters Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Associated Coaters Ltd a good buy now?

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

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.
Associated Coaters 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'21Mar'22Mar'23Mar'24TTM
ROCE % -5.6%129%91.3%80.4%-
Value Creation
Index
-1.48.25.54.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 01.43.65.45
Sales YoY Gr.-NA158.3%49.9%-
Adj EPS -01.55.910.87.5
YoY Gr.-NA300%84.2%-
BVPS (₹) 0.31.77.717.850
Adj Net
Profit
00.10.611
Cash Flow from Ops. 00.50.60.8-
Debt/CF from Ops. 00.21.10.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA49.9%
Adj EPS NANANA84.2%
BVPSNANA314.8%132.9%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-5.9148.4125.38522
Op. Profit
Mgn %
016.122.928NAN
Net Profit
Mgn %
09.815.218.718.7
Debt to
Equity
0.10.60.90.2-
Working Cap
Days
01851641670
Cash Conv.
Cycle
03114160

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.21

Return on Equity has declined versus last 3 years average to 22.00%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Associated Coaters Ltd.

Standalone Consolidated
TTM EPS (₹) 7.5 -
TTM Sales (₹ Cr.) 5.4 -
BVPS (₹.) 50 -
Reserves (₹ Cr.) 5 -
P/BV 2.06 -
PE 13.86 -
From the Market
52 Week Low / High (₹) 81.50 / 373.00
All Time Low / High (₹) 81.50 / 373.00
Market Cap (₹ Cr.) 14
Equity (₹ Cr.) 1.4
Face Value (₹) 10
Industry PE 12

Management X-Ray of Associated Coaters:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

No data found!

Key Ratios of Associated Coaters

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Sales01.393.595.38
Operating Expenses 01.172.773.87
Manufacturing Costs00.490.580.56
Material Costs00.541.792.75
Employee Cost 000.060.06
Other Costs 00.130.350.51
Operating Profit 00.220.821.51
Operating Profit Margin (%) -16.1%22.9%28.0%
Other Income 0000
Interest 000.010.01
Depreciation 00.040.080.15
Exceptional Items 0000
Profit Before Tax 00.180.741.35
Tax 00.050.190.34
Profit After Tax 00.140.551.01
PAT Margin (%) -9.8%15.2%18.7%
Adjusted EPS (₹)0.01.55.910.8
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 0.020.160.711.66
Share Capital 0.030.030.030.93
Reserves -0.010.130.680.73
Minority Interest0000
Debt00.100.660.35
Long Term Debt00.100.660.35
Short Term Debt0000
Trade Payables00.981.021.61
Others Liabilities 00.780.570.90
Total Liabilities 0.032.022.964.52

Fixed Assets

Gross Block00.560.551.07
Accumulated Depreciation00.040.080.22
Net Fixed Assets00.520.480.85
CWIP 0000
Investments 0000
Inventories00.030.040.20
Trade Receivables01.361.512.53
Cash Equivalents 0.030.080.670.56
Others Assets00.030.270.38
Total Assets 0.032.022.964.52

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 00.520.630.80
PBT 00.180.731.35
Adjustment 00.040.090.17
Changes in Working Capital 00.29-0.15-0.53
Tax Paid 00-0.05-0.19
Cash Flow From Investing Activity 0-0.56-0.03-0.54
Capex 0-0.56-0.03-0.52
Net Investments 0000
Others 000-0.03
Cash Flow From Financing Activity 00.10-0.01-0.37
Net Proceeds from Shares 0000
Net Proceeds from Borrowing 00.100-0.31
Interest Paid 00-0.01-0.01
Dividend Paid 0000
Others 000-0.05
Net Cash Flow 00.050.59-0.11
PARTICULARSMar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-6.06148.91125.3384.98
ROCE (%)-5.58128.9691.3480.41
Asset Turnover Ratio01.361.441.44
PAT to CFO Conversion(x)N/A3.711.150.79
Working Capital Days
Receivable Days0356146137
Inventory Days0738
Payable Days0329204175

Associated Coaters Ltd Stock News

Associated Coaters Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Associated Coaters on 16-May-2025 16:59 is ₹108.4.
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 16-May-2025 16:59 the market cap of Associated Coaters stood at ₹13.96.
The latest P/E ratio of Associated Coaters as of 16-May-2025 16:59 is 13.86.
The latest P/B ratio of Associated Coaters as of 16-May-2025 16:59 is 2.06.
The 52-week high of Associated Coaters is ₹373.0 and the 52-week low is ₹81.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Associated Coaters is ₹5.38 ( Cr.) .

About Associated Coaters Ltd

Associated Coaters Limited was incorporated on December 22, 2017 as ‘Associated Coaters Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 22, 2017 issued by the Registrar of Companies, Kolkata. Subsequently, the Company was converted into a public limited company pursuant to a resolution passed by its Shareholders at an extraordinary general meeting held on October 24, 2023 and consequently the name of the Company was changed to ‘Associated Coaters Limited’ and a fresh certificate of incorporation dated December 19, 2023 was issued by the Registrar of Companies, Kolkata. 

The Company is engaged in the business of providing services by way of pre-treatment and powder coating of aluminium extrusions in Architect and Real Estate Industry. The process begins with a comprehensive cleaning, where the targeted surface of aluminium extrusions is thoroughly cleansed of any dirt, grease, or contaminants that might impede the subsequent coating process. Following this, a strategic chemical solution is applied to enhance the adhesion of the powder coating. This involves the application of an acidic solution for surface etching or the use of a specialized pretreatment agent to optimize surface wettability. 

The application of powder coating itself is a precision art. Executed with an electrostatic spray gun, this method involves imparting a negative charge to the powder particles. These charged particles are then irresistibly drawn to the positively charged surface, creating a magnetic-like adhesion. The subsequent step involves the melting and fusion of these particles, resulting in a flawlessly even coating.

Business area of the company

The company is mainly engaged in the business of specializing in the pre-treatment, powder coating, wood coating & PVDF coating on Metals, majorly being aluminium extrusions.

Services of the company

  • Powder coating 
  • PVDF coating
  • Wood film coating
  • Industrial fabrication

History and milestones

  • 2017: Incorporation of the Company. 
  • 2021: Started its Operations. 
  • 2023: The Company further expanded its business operations by starting new Coating Line of PVDF. 
  • 2023: The Company was converted from Private Limited Company to Public Limited Company.
  • 2023: Company has been compliant with the requirement of: ISO 9001:2015.

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