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Amarjothi Spinning Mills Ltd Stock Analysis

Small Cap
Evaluated by 322 users | BSE: 521097 | NSE: AMARJOTHI |
Textile - Spinning
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 13.05%8.23%6.26%18.51%13.43%10.4%12.84%10.06%9.11%7.74%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 124132160198201194217189212183
Y-o-Y Gr. Rt.-6.8%20.8%23.8%1.7%-3.6%11.7%-12.6%12%-14%
Adjusted EPS (Rs.) 14.444.32-1.6728.6919.1612.1118.7217.3915.4414.59
Y-o-Y Gr. Rt.--70.1%-138.7%NA-33.2%-36.8%54.6%-7.1%-11.2%-5.5%
Book Value per Share (Rs.) 64.2767.4171.19100.85118.1128.03147.9162.72181.41194.63
Adjusted Net Profit 9.82.9-1.119.412.98.212.611.710.49.9
Net Op. Cash Flow (Rs. Cr.) 1.160.337.63039.723.914.418.262.942.7
Debt to Cash Flow from Ops 100.361.322.433.82.393.214.786.581.231.27
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Amarjothi Spinning Mills Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.4%-2%-5.6%-14%
Adjusted EPS 0.1%-5.3%-8%-5.5%
Book Value per Share 13.110.59.67.3
Share Price 5.7% -1.8% -21.6% 34.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 24.836.56-2.4133.3217.499.8413.5711.198.977.76
Operating Profit Margin (%) 28.4721.6716.6728.0422.4917.2219.8117.8219.4319.22
Net Profit Margin (%) 7.862.2-0.79.776.424.215.836.194.915.4
Debt to Equity 2.641.751.91.681.190.890.691.090.630.41
Working Capital Days 226223142138156146155221200219
Cash Conversion Cycle 1871859987108113126178145138
Entity Percentage Holding
Promoters 55.05%
Non-Institutions 44.95%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Amarjothi Spinning Mills Ltd's performance infers:

Amarjothi Spinning Mills Ltd earnings have declined by -5.3%, whereas share price has depreciated -1.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Amarjothi Spinning Mills Ltd share prices over the last 10 years. Here is what we found out:

Amarjothi Spinning Mills Ltd share price has depreciated 4% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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