Amarjothi Spinning Mills Ltd Stock Analysis

BSE: 521097 | NSE: AMARJOTHI | Textile - Spinning | Small Cap

BSE Share Price 29-Nov-2022 18:01
165.05 -4.85 (-2.85%)

DeciZen - Make an Informed Decision on Amarjothi Spg. Mills

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

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Amarjothi Spg. Mills Price Chart

P/E Ratio (SA) :
7.66
Market Cap :
114.7 Cr.
52-wk low :
144
52-wk high :
224.9
Bole Toh?

1. Is Amarjothi Spinning Mills Ltd a good quality company?

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

2. Is Amarjothi Spinning Mills Ltd undervalued or overvalued?

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

3. Is Amarjothi Spinning Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Amarjothi Spinning Mills 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 Amarjothi Spg. Mills:

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.
Amarjothi Spinning Mills 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 6.3%18.5%13.4%10.4%12.8%10.1%9.1%7.7%10.3%10.6%-
Value Creation Index -0.60.3-0.0-0.3-0.1-0.3-0.4-0.5-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 160198201194217189212183167250234
YoY Gr. Rt. %-23.8%1.7%-3.6%11.7%-12.6%12%-13.6%-8.7%49.6%-
Adj EPS -1.728.719.212.118.717.415.414.624.330.722.2
YoY Gr. Rt. %-NA-33.2%-36.8%54.6%-7.1%-11.2%-5.5%66.5%26.5%-
BVPS (₹) 71.2100.9118.1128147.9162.7181.4194.6216.8245.7258.9
Adj Net Profit -1.119.412.98.212.611.710.49.916.420.715
Cash Flow from Ops. 37.63039.723.914.418.262.942.736.715.7-
Debt/CF from Ops. 2.43.82.43.24.86.61.21.31.85.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.1%2.9%5.7%49.6%
Adj EPS NA10.4%25.8%26.5%
BVPS 14.810.710.613.3
Share Price 11.4% -1.5% 38.5% 7.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -2.433.317.59.813.611.297.811.813.38.8
Op. Profit Mgn % 16.72822.517.219.817.819.419.517.313.512.9
Net Profit Mgn % -0.79.86.44.25.86.24.95.49.88.36.4
Debt to Equity 1.91.71.20.90.71.10.60.40.50.50.1
Working Cap Days 142138156146155221200218236173234
Cash Conv. Cycle 9987108113126178145137159125118

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 25.79%

Return on Equity has declined versus last 3 years average to 8.80%

Sales growth has been subdued in last 3 years 5.66%

Sales growth is not so good in last 4 quarters at -0.14%

Latest Financials - Amarjothi Spinning Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 22.2 21.6
TTM Sales (₹ Cr.) 234 235
BVPS (₹.) 258.9 256.2
Reserves (₹ Cr.) 168 166
P/BV 0.66 0.66
PE 7.66 7.79
From the Market
52 Week Low / High (₹) 144.00 / 224.90
All Time Low / High (₹) 2.25 / 249.95
Market Cap (₹ Cr.) 115
Equity (₹ Cr.) 6.8
Face Value (₹) 10
Industry PE 11.3

Management X-Ray of Amarjothi Spg. Mills :

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 Amarjothi Spg. Mills

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

News

Amarjothi Spinning Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Amarjothi Spg. Mills on 29-Nov-2022 18:01 is : 165.1.
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 29-Nov-2022 18:01 the market cap of Amarjothi Spg. Mills stood at ₹ 114.7.
The latest PE ratio of Amarjothi Spg. Mills as of 29-Nov-2022 18:01 is 7.66.
The latest PB ratio of Amarjothi Spg. Mills as of 29-Nov-2022 18:01 is 0.66
The 52-week high of Amarjothi Spg. Mills is ₹ 224.9 and the 52-week low is ₹ 144.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Amarjothi Spg. Mills is ₹ 233.7 ( Cr.) .

About Amarjothi Spinning Mills Ltd

Amarjothi Spinning Mills was incorporated in December 1987 and was converted into a public limited company in December 1991. It was promoted by the Amarjothi group of Tirupur. N Rajan is the Chairman of the company. The company went public with its maiden issue in January 1993 to part-finance a spinning mill to manufacture cotton yarn in Pudusuripalayam, Tamilnadu. For cotton spinning, the company has adopted the ring spinning system. The company has installed the latest textile machineries including blow room, carding machines, draw frames, simplex frames and ring frames from Lakshmi Machine Works and autoconers with electronic clearers and automatic splicers from Schlafhrost (India).

The company completed its first full year of operations in 1994-95, after raising capital through a public issue. In 1996-97 the installed capacity has been increased by 6016 spindles to 18992 spindles. Modernisation programme has been availed by the company to the tune of Rs 340.00 lakh under the Technology Upgradation Fund Scheme.During 2000-2001 the company had gone for expansion of Spindles to the extent of 4752 spindles.

Business area of the company

The company is engaged in the manufacturing and marketing of melange Yarn in India and internationally. It offers a range of yarn products that include cotton, organic cotton, organic exchange, viscose, polyester, bamboo, modal, excel, galaxy, neps, flax, multi-fiber series, and dyed yarn in various blends, shades, counts, and volumes. The company exports its products to Europe, Mauritius, Sri Lanka, Israel, Egypt, Turkey, Hong Kong, Malaysia, the Philippines, Korea, China, Japan, South African countries, and the United States.

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