Amin Tannery Ltd - Stock Valuation and Financial Performance

BSE: 541771 | NSE: | Leather | Small Cap

Amin Tannery Share Price

2.58 0.04 1.57%
as on 19-Apr'24 16:01

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Amin Tannery stock performance -

mw4me loader
P/E Ratio (SA):
73.72
Market Cap:
27.4 Cr.
52-wk low:
1.9
52-wk high:
3.1

Is Amin Tannery Ltd an attractive stock to invest in?

1. Is Amin Tannery Ltd a good quality company?

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

2. Is Amin Tannery Ltd undervalued or overvalued?

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

3. Is Amin Tannery Ltd a good buy now?

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

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.
Amin Tannery 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.5%10.5%4.5%4%2.4%2.5%3.7%-
Value Creation
Index
-0.9-0.3-0.7-0.7-0.8-0.8-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 041.737.232.327.139.252.650
Sales YoY Gr.-NA-10.9%-13.3%-16.2%44.8%34.3%-
Adj EPS 00.1000000
YoY Gr.-400%-80%0%0%100%50%-
BVPS (₹) 1111.11.11.11.11.2
Adj Net
Profit
00.60.10.10.10.20.40
Cash Flow from Ops. 00.21.1-0.10.50.53.5-
Debt/CF from Ops. 0146.720.5-223.358.160.88.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA4.8%17.7%34.3%
Adj EPS NA-9.7%44.2%50%
BVPSNA1.5%2.2%2.8%
Share Price - 11.9% 46.5% 35.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.4101.20.90.91.73.12.6
Op. Profit
Mgn %
08.99.99.49.56.86.46.4
Net Profit
Mgn %
01.40.40.30.40.50.70.7
Debt to
Equity
022.12.42.42.52.4-
Working Cap
Days
0178384457603483403216
Cash Conv.
Cycle
09220928635532120421

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.60%

Sales growth is growing at healthy rate in last 3 years 17.71%

Net Profit is growing at healthy rate in last 3 years 44.22%

Debt to equity has increased versus last 3 years average to 2.36

Sales growth is not so good in last 4 quarters at 1.93%

Latest Financials - Amin Tannery Ltd.

Standalone Consolidated
TTM EPS (₹) 0 -
TTM Sales (₹ Cr.) 50.2 -
BVPS (₹.) 1.2 -
Reserves (₹ Cr.) 2 -
P/BV 2.22 -
PE 73.72 -
From the Market
52 Week Low / High (₹) 1.86 / 3.09
All Time Low / High (₹) 0.57 / 6.25
Market Cap (₹ Cr.) 27.4
Equity (₹ Cr.) 10.8
Face Value (₹) 1
Industry PE 36.5

Management X-Ray of Amin Tannery:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *50.8250.8250.8250.8250.8250.8250.820.0024.3650.84
* Pledged shares as % of Promoter's holding (%)

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Analyst's Notes

Key Ratios of Amin Tannery

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales041.7437.2132.2727.0639.1852.63
Operating Expenses 038.0233.5429.2624.4836.5149.29
Manufacturing Costs023.1715.4518.3712.042023.03
Material Costs09.2011.885.178.0110.0119.12
Employee Cost 03.083.383.022.472.883.15
Other Costs 02.572.842.691.963.623.99
Operating Profit 03.723.673.022.582.673.34
Operating Profit Margin (%) -8.9%9.9%9.3%9.5%6.8%6.3%
Other Income 00.210.270.360.070.030.01
Interest 01.7621.901.201.151.64
Depreciation 01.441.671.311.311.291.20
Exceptional Items 0000000
Profit Before Tax 00.740.270.170.140.260.51
Tax 00.180.140.070.040.070.15
Profit After Tax 00.560.140.100.100.200.36
PAT Margin (%) -1.3%0.4%0.3%0.4%0.5%0.7%
Adjusted EPS (₹)0.00.10.00.00.00.00.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 0.0511.2011.2611.3211.4911.7312.13
Share Capital 0.0510.8010.8010.8010.8010.8010.80
Reserves 00.410.460.520.690.931.33
Minority Interest0000000
Debt022.7823.4626.6227.4328.7627.97
Long Term Debt00001.500.900.22
Short Term Debt022.7823.4626.6225.9327.8627.75
Trade Payables014.999.6012.9114.0722.3022.64
Others Liabilities 04.183.932.042.213.144.54
Total Liabilities 0.0553.1548.2552.8955.1965.9167.27

Fixed Assets

Gross Block013.4614.4414.8215.1115.8016.54
Accumulated Depreciation02.414.075.286.597.839.03
Net Fixed Assets011.0510.379.548.527.977.51
CWIP 0.010.650.030.030.040.030.03
Investments 00.060.060.060.060.060.06
Inventories030.6227.6132.2933.1041.3846.14
Trade Receivables06.116.237.6610.6211.999.96
Cash Equivalents 0.040.670.210.040.360.450.77
Others Assets03.993.753.272.484.042.80
Total Assets 0.0553.1548.2552.8955.1965.9167.27

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 00.161.14-0.120.480.483.52
PBT 00.740.270.170.140.260.51
Adjustment 03.203.473.112.572.512.92
Changes in Working Capital -0-3.36-2.28-3.17-2.17-1.960.41
Tax Paid 0-0.43-0.32-0.23-0.07-0.33-0.32
Cash Flow From Investing Activity 0-2.82-0.28-0.45-0.28-0.74-0.77
Capex 0-2.82-0.37-0.44-0.30-0.74-0.77
Net Investments 0000000
Others 000.0900.0200
Cash Flow From Financing Activity 02.98-1.320.400.120.34-2.43
Net Proceeds from Shares 0000000
Net Proceeds from Borrowing 00002-0.60-0.68
Interest Paid 0-1.76-2-1.90-1.20-1.15-1.64
Dividend Paid 0000000
Others 04.730.682.30-0.692.09-0.11
Net Cash Flow 00.31-0.46-0.170.320.090.33
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.399.991.210.920.91.73.05
ROCE (%)2.1814.696.615.713.463.55.26
Asset Turnover Ratio01.570.730.640.50.650.79
PAT to CFO Conversion(x)N/A0.298.14-1.24.82.49.78
Working Capital Days
Receivable Days053617912310576
Inventory Days0268286339441347303
Payable Days0297378795615663429

Amin Tannery Ltd Stock News

Amin Tannery Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Amin Tannery on 19-Apr-2024 16:01 is ₹2.58.
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 19-Apr-2024 16:01 the market cap of Amin Tannery stood at ₹27.43.
The latest P/E ratio of Amin Tannery as of 19-Apr-2024 16:01 is 73.72.
The latest P/B ratio of Amin Tannery as of 19-Apr-2024 16:01 is 2.22.
The 52-week high of Amin Tannery is ₹3.09 and the 52-week low is ₹1.86.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amin Tannery is ₹50.16 ( Cr.) .

About Amin Tannery Ltd

Amin Tannery is established as a small tannery in the north city of Kanpur by Mr. Choudhry Mohammad Amin. Today, all super group companies in Kanpur and Unnao, owe their entire success achieved over the last 72 years to this noble soul -- Choudhry Mohammad Amin and his only son Choudhry Ehsan Kareem who took the reigns of this business after the sudden demise of his father in 1955 and ran it till his own death in 1995. These two illustrious gentlemen were the grandfather and father, respectively of the Managing Director of the company- Veqarul amin.

Veqarul Amin joined the family business in 1982 as an apprentice and then went to Nene College, Northampton, England for a course in Leather Technology. His son, Zaki Amin, also joined the business in 2011 after completing his graduation in civil engineering from University of Wales, Swansea, UK.

Currently, both manage this state-of-the-art new leather processing and shoe manufacturing plant located in the town of Unnao at Leather Technology Park, especially developed by the state government - Uttar Pradesh. This industrial park is equipped with the most modern common effluent treatment plant with totally secured solid waste disposal site.

Business area of the company

The company is engaged in manufacturer & exporting of Finished Leather & Leather Shoes

Products
  • Finished Leather
  • Leather Shoes
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