Indian Acrylics Ltd Stock Analysis

BSE: 514165 | NSE: INDIANACRY | Textile - Spinning | Small Cap

BSE Share Price Aug 16, 13:13
12.66 0.12 (0.96%)

DeciZen - Make an Informed Decision on Indian Acrylics

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

1. Quality

2. Valuation

Fair

3. Price Trend

Indian Acrylics Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
169.7 Cr.
52-wk low :
11
52-wk high :
21.2
Bole Toh?

1. Is Indian Acrylics Ltd a good quality company?

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

2. Is Indian Acrylics Ltd undervalued or overvalued?

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

3. Is Indian Acrylics Ltd a good buy now?

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

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.
Indian Acrylics 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 8.8%17.3%29.4%-7.3%35.4%19%8%4.8%11%8.7%-
Value Creation Index -0.40.21.1-1.51.50.4-0.4-0.7-0.2NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 501388631551544481531737748534783
YoY Gr. Rt. %--22.6%62.9%-12.7%-1.3%-11.6%10.4%38.9%1.5%-28.7%-
Adj EPS 00.30.9-1.21.51.70.7-0.30.80.5-4.2
YoY Gr. Rt. %-1500%165.6%-245.9%NA13.8%-62.4%-147.7%NA-41.8%-
BVPS (₹) 4.44.75.54.15.67.28.99.810.5115.4
Adj Net Profit 0.24.311.5-16.820.623.58.8-4.210.76.3-56
Cash Flow from Ops. 34.319.163.98.145.714.73.776.110111.1-
Debt/CF from Ops. 1.12.20.21.90.91054.92.7218.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.7%-0.4%0.2%-28.7%
Adj EPS 41.7%-21.3%-10.9%-41.8%
BVPS 10.914.57.34.8
Share Price 19.9% -2.9% 3.3% -24.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 0.5716.7-2631.6278.1-3.37.84.3-50.8
Op. Profit Mgn % 1.94.37.21.28.910.88.44.99.612.4-0.2
Net Profit Mgn % 01.11.8-33.84.91.7-0.61.41.2-7.2
Debt to Equity 0.70.70.20.30.51.51.71.61.41.4-
Working Cap Days 1141328291931251531331452020
Cash Conv. Cycle -5-18-12-18-25-7321816290

Recent Performance Summary

Sales growth is good in last 4 quarters at 69.31%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.17%

Debt to equity has increased versus last 3 years average to 1.39

Latest Financials - Indian Acrylics Ltd.

Standalone Consolidated
TTM EPS (₹) -4.2 -4.2
TTM Sales (₹ Cr.) 783 783
BVPS (₹.) 5.4 5.4
Reserves (₹ Cr.) -62 -62
P/BV 2.30 2.33
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 11.00 / 21.20
All Time Low / High (₹) 0.90 / 45.00
Market Cap (₹ Cr.) 170
Equity (₹ Cr.) 135.3
Face Value (₹) 10
Industry PE 9.8

Management X-Ray of Indian Acrylics :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *24.8924.8924.8924.8924.8924.8924.8924.8924.8924.89
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Login/Register to view analysis.

Key Ratios of Indian Acrylics

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

News

About Indian Acrylics Ltd

Indian Acrylics Ltd was incorporated as a Public Limited Company on February 28,1986 and obtained certificate of commencement of business on March 10,1986 from Registrar of Companies Punjab H.P.and Chandigarh at Jalandhar.

It was originally formed as Joint Sector project by.R K Garg alongwith Punjab State Industrial Development Corporation Limited (PSIDC) the project is now being implemented in assisted sector.

India acrylics a mega petrochemical project is largest producer of acrylic fiber with a capacity to produce 42000 TPA.. IAL manufactures a range of acrylic staple fibre from 0.9 denier to 13 denier in regular and high shrink, and tow between 0.9D to 6D with K – Tex of 60,78 and 100.

The company alone has the acrylic fiber plant in the country with an international level capacity and enjoys the growth rate of 10% per annum

Their country effort on developing new uses of acrylic fiber, such as mink  blankets, stock upholstery, sarees, dress material-shirt, softy toy, plush & fur fabric blending with velvet and silk has made as a top company to reckon with.

Product range of the company includes:

  • Staple fabric
  • Normal Bright Staple fibre
  • Semi Dull lusture Staple Fibre
  • Normal Bright Staple Fibre (Non Shrinkable)
  • Normal Bright Staple (Shrinkable)
  • Acrylic tow
  • Acrylic top

Achievements/ recognition:

  • Highest export award performance (2006-07)
  • Arch of Europe award 2002
  • Export award certificate 2006-2007
  • Export award certificate 2004-2005
  • Export award certificate 2003-2004
  • Export award certificate 2001-2002
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now