Is Amarjothi Spinning Mills 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 .

Is Amarjothi Spinning Mills 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 Overvalued zone .

What is Amarjothi Spinning Mills share price return in the past 10 years?

Amarjothi Spinning Mills Ltd share price has appreciated 10.1% annually (CAGR) over the past ten years.

Is Amarjothi Spinning Mills a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Amarjothi Spinning Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Amarjothi Spinning Mills?

The latest standalone P/E ratio of Amarjothi Spinning Mills as of 26-Apr-2024 is 10.69.

What is the P/B ratio of Amarjothi Spinning Mills?

The latest standalone P/B ratio of Amarjothi Spinning Mills as of 26-Apr-2024 is 0.68.

What is the 52-week high and low of Amarjothi Spinning Mills?

The 52-week high of Amarjothi Spinning Mills is Rs. 208.00 and the 52-week low is Rs. 148.05.

Amarjothi Spinning Mills Ltd - Stock Valuation and Financial Performance

Name: Amarjothi Spinning Mills
Brand: Amarjothi Spinning Mills

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

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Amarjothi Spg. Mills Share Price

₹184 3.25 1.80%
as on 26-Apr'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	18.5%	13.4%	10.4%	12.8%	10.1%	9.1%	7.7%	10.3%	10.6%	6%	-
Value Creation Index ⓘ	0.3	0.0	-0.3	-0.1	-0.3	-0.4	-0.5	-0.3	-0.2	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	198	201	194	217	189	212	183	167	250	209	179
Sales YoY Gr.	-	1.7%	-3.6%	11.7%	-12.6%	12%	-13.6%	-8.7%	49.6%	-16.3%	-
Adj EPS ⓘ	28.7	19.2	12.1	18.7	17.4	15.4	14.6	24.3	30.7	14.6	17.2
YoY Gr.	-	-33.2%	-36.8%	54.6%	-7.1%	-11.2%	-5.5%	66.5%	26.5%	-52.4%	-
BVPS (₹) ⓘ	100.9	118.1	128	147.9	162.7	181.4	194.6	216.8	245.7	258.5	270.7
Adj Net Profit ⓘ	19.4	12.9	8.2	12.6	11.7	10.4	9.9	16.4	20.7	9.9	12
Cash Flow from Ops. ⓘ	30	39.7	23.9	14.4	18.2	62.9	42.7	36.7	15.7	28.1	-
Debt/CF from Ops. ⓘ	3.8	2.4	3.2	4.8	6.6	1.2	1.3	1.8	5.6	2.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	0.6%	2%	4.6%	-16.3%
Adj EPS ⓘ	-7.2%	-3.4%	0.1%	-52.4%
BVPSⓘ	11%	9.7%	9.9%	5.2%
Share Price	10.1%	15.4%	21.6%	1.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	33.3	17.5	9.8	13.6	11.2	9	7.8	11.8	13.3	5.8	6.5
Op. Profit Mgn % ⓘ	28	22.5	17.2	19.8	17.8	19.4	19.5	17.3	13.5	14.3	15.5
Net Profit Mgn % ⓘ	9.8	6.4	4.2	5.8	6.2	4.9	5.4	9.8	8.3	4.7	6.5
Debt to Equity ⓘ	1.7	1.2	0.9	0.7	1.1	0.6	0.4	0.5	0.5	0.3	-
Working Cap Days ⓘ	138	156	146	155	221	200	218	236	173	209	103
Cash Conv. Cycle ⓘ	87	108	113	126	178	145	137	159	125	152	79

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 6.50%

Sales growth has been subdued in last 3 years 4.57%

Net Profit has been subdued in last 3 years 0.09%

Sales growth is not so good in last 4 quarters at -13.81%

Latest Financials - Amarjothi Spinning Mills Ltd.

	Standalone	Consolidated
TTM EPS (₹)	17.2	16.8
TTM Sales (₹ Cr.)	179	179
BVPS (₹.) ⓘ	270.7	274.1
Reserves (₹ Cr.) ⓘ	176	178
P/BV ⓘ	0.68	0.67
PE ⓘ	10.69	10.94

From the Market
52 Week Low / High (₹)	148.05 / 208.00
All Time Low / High (₹)	2.25 / 249.95
Market Cap (₹ Cr.)	124
Equity (₹ Cr.)	6.8
Face Value (₹)	10
Industry PE ⓘ	31.9

Management X-Ray of Amarjothi Spg. Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Amarjothi Spg. Mills

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Amarjothi Spg. Mills

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	198	201	194	217	189	212	183	167	250	209
Operating Expenses ⓘ	143	156	161	174	156	171	147	139	216	180
Manufacturing Costs	35	39	41	45	48	38	31	22	50	34
Material Costs	93	101	105	113	88	112	95	97	141	119
Employee Cost	10	10	9	10	14	14	13	13	16	17
Other Costs ⓘ	5	6	5	7	6	7	7	7	10	9
Operating Profit ⓘ	56	45	33	43	34	41	36	29	34	30
Operating Profit Margin (%)	28.0%	22.5%	17.2%	19.8%	17.8%	19.4%	19.5%	17.2%	13.5%	14.3%
Other Income ⓘ	2	2	2	4	4	8	2	8	2	1
Interest ⓘ	15	16	13	12	12	13	7	6	6	7
Depreciation ⓘ	16	14	13	14	13	15	16	14	9	8
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	27	18	9	21	13	20	15	16	20	16
Tax ⓘ	7	4	1	7	1	6	5	0	-1	6
Profit After Tax	20	13	9	14	12	14	10	16	21	10
PAT Margin (%)	10.2%	6.6%	4.4%	6.4%	6.3%	6.8%	5.6%	9.8%	8.4%	4.8%
Adjusted EPS (₹)	29.8	19.6	12.8	20.4	17.7	21.4	15.3	24.2	31.2	15.0
Dividend Payout Ratio (%)	7%	10%	16%	10%	11%	9%	13%	9%	7%	15%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	68	80	86	100	110	122	131	146	166	175
Share Capital ⓘ	7	7	7	7	7	7	7	7	7	7
Reserves ⓘ	61	73	80	93	103	116	125	140	159	168
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	104	86	77	69	115	70	47	62	83	56
Long Term Debt	84	67	60	63	108	64	40	34	48	32
Short Term Debt	21	19	17	6	7	6	7	27	35	24
Trade Payables	13	8	3	8	4	9	13	6	10	10
Others Liabilities ⓘ	38	35	23	26	22	26	27	24	20	17
Total Liabilities ⓘ	223	208	189	203	251	228	219	237	279	258
Fixed Assets
Gross Block	254	258	258	233	285	265	269	299	298	332
Accumulated Depreciation	130	140	152	150	162	156	165	179	188	196
Net Fixed Assetsⓘ	124	119	106	84	123	108	104	120	111	136
CWIP ⓘ	6	5	5	5	5	5	5	5	37	5
Investmentsⓘ	1	3	3	4	2	1	2	2	2	3
Inventories	53	51	45	71	71	54	49	50	66	60
Trade Receivables	21	19	20	28	29	30	30	37	36	35
Cash Equivalents	1	1	1	1	1	1	0	1	1	2
Others Assetsⓘ	17	11	9	11	19	28	28	23	27	17
Total Assets ⓘ	223	208	189	203	251	228	219	237	279	258

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	30	40	24	14	18	63	43	37	16	28
PBT ⓘ	27	18	9	21	13	20	15	16	20	16
Adjustment ⓘ	30	29	26	24	23	22	22	12	13	13
Changes in Working Capital ⓘ	-22	1	-8	-26	-12	20	7	11	-15	2
Tax Paid ⓘ	-4	-8	-3	-5	-6	0	-1	-3	-3	-4
Cash Flow From Investing Activity ⓘ	-37	-4	0	7	-51	-3	-12	-43	-30	10
Capex	-36	-4	0	7	-52	-5	-12	-29	-1	-2
Net Investments	0	-2	0	-2	0	0	-1	-8	-1	0
Others ⓘ	-1	1	0	1	1	3	1	-6	-28	12
Cash Flow From Financing Activityⓘ	7	-35	-24	-22	33	-59	-31	7	14	-37
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-14	-15	-13	-12	-12	-13	-7	-6	-5	-6
Dividend Paid ⓘ	-1	-1	-1	-2	-2	-2	-2	-1	-1	-1
Others ⓘ	22	-19	-9	-8	46	-45	-22	14	21	-30
Net Cash Flow ⓘ	0	0	0	-1	0	0	-1	1	0	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	34.64	17.89	10.36	14.8	11.38	12.41	8.14	11.75	13.51	5.95
ROCE (%)	26.01	18.64	13.45	20.22	12.47	15.56	11.53	11.18	11.18	9.4
Asset Turnover Ratio	1.02	0.93	0.98	1.1	0.83	0.89	0.82	0.73	0.97	0.78
PAT to CFO Conversion(x)	1.5	3.08	2.67	1	1.5	4.5	4.3	2.31	0.76	2.8
Working Capital Days
Receivable Days	37	36	37	40	55	51	60	74	53	61
Inventory Days	68	94	90	98	137	108	103	108	85	110
Payable Days	34	38	20	19	26	22	41	35	21	32

Amarjothi Spinning Mills Ltd Stock News

Amarjothi Spinning Mills Ltd FAQs

What is the share price of Amarjothi Spg. Mills?

Company share prices are keep on changing according to the market conditions. The closing price of Amarjothi Spg. Mills on 26-Apr-2024 16:01 is ₹184.0.

What is the market cap of Amarjothi Spg. Mills?

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 26-Apr-2024 16:01 the market cap of Amarjothi Spg. Mills stood at ₹124.3.

What is the P/E ratio of Amarjothi Spg. Mills?

The latest P/E ratio of Amarjothi Spg. Mills as of 26-Apr-2024 16:01 is 10.69.

What is the P/B ratio of Amarjothi Spg. Mills?

The latest P/B ratio of Amarjothi Spg. Mills as of 26-Apr-2024 16:01 is 0.68.

What is the 52-week high and low of Amarjothi Spg. Mills?

The 52-week high of Amarjothi Spg. Mills is ₹208.0 and the 52-week low is ₹148.1.

What is the TTM revenue of Amarjothi Spg. Mills?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amarjothi Spg. Mills is ₹178.5 ( 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.