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BSE: 514165 | NSE: INDIANACRY | Textile - Spinning | Small Cap
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 17.3% | 29.4% | -7.3% | 35.4% | 19% | 8% | 4.8% | 11% | 8.7% | -16.4% | - | ||
| Value Creation Index ⓘ | 0.2 | 1.1 | -1.5 | 1.5 | 0.4 | -0.4 | -0.7 | -0.2 | -0.4 | -2.2 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 388 | 631 | 551 | 544 | 481 | 531 | 737 | 748 | 534 | 624 | 899 | ||
| YoY Gr. Rt. % | - | 62.9% | -12.7% | -1.3% | -11.6% | 10.4% | 38.9% | 1.5% | -28.7% | 16.9% | - | ||
| Adj EPS ⓘ | 0.3 | 0.9 | -1.2 | 1.5 | 1.7 | 0.7 | -0.3 | 0.8 | 0.5 | -5.6 | -1.7 | ||
| YoY Gr. Rt. % | - | 165.6% | -245.9% | NA | 13.8% | -62.4% | -147.7% | NA | -41.8% | -1321.7% | - | ||
| BVPS (₹) ⓘ | 4.7 | 5.5 | 4.1 | 5.6 | 7.2 | 8.9 | 9.8 | 10.5 | 11 | 5.4 | 5.4 | ||
| Adj Net Profit ⓘ | 4.3 | 11.5 | -16.8 | 20.6 | 23.5 | 8.8 | -4.2 | 10.7 | 6.3 | -76.1 | -23 | ||
| Cash Flow from Ops. ⓘ | 19.1 | 63.9 | 8.1 | 45.7 | 14.7 | 3.7 | 76.1 | 101 | 11.1 | 87.4 | - | ||
| Debt/CF from Ops. ⓘ | 2.2 | 0.2 | 1.9 | 0.9 | 10 | 54.9 | 2.7 | 2 | 18.7 | 2.4 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 5.4% | 5.3% | -5.4% | 16.9% | ||||||||
| Adj EPS ⓘ | -237.5% | -226.6% | NA | -1321.7% | ||||||||
| BVPS ⓘ | 1.6 | -5.8 | -18 | -51.1 | ||||||||
| Share Price | 15% | -7.3% | 9.8% | -26.4% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 7 | 16.7 | -26 | 31.6 | 27 | 8.1 | -3.3 | 7.8 | 4.3 | -68.7 | -32.1 | |
| Op. Profit Mgn % ⓘ | 4.3 | 7.2 | 1.2 | 8.9 | 10.8 | 8.4 | 4.9 | 9.6 | 12.4 | -2.8 | 3.8 | |
| Net Profit Mgn % ⓘ | 1.1 | 1.8 | -3 | 3.8 | 4.9 | 1.7 | -0.6 | 1.4 | 1.2 | -12.2 | -2.6 | |
| Debt to Equity ⓘ | 0.7 | 0.2 | 0.3 | 0.5 | 1.5 | 1.7 | 1.6 | 1.4 | 1.4 | 2.9 | - | |
| Working Cap Days ⓘ | 132 | 82 | 91 | 93 | 125 | 153 | 133 | 145 | 202 | 168 | 0 | |
| Cash Conv. Cycle ⓘ | -18 | -12 | -18 | -25 | -7 | 32 | 18 | 16 | 29 | 8 | 0 | |
Sales growth is good in last 4 quarters at 85.08%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -5.41%
Debt to equity has increased versus last 3 years average to 2.87
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.7 | -1.7 |
| TTM Sales (₹ Cr.) | 899 | 899 |
| BVPS (₹.) ⓘ | 5.4 | 5.4 |
| Reserves (₹ Cr.) ⓘ | -62 | -62 |
| P/BV ⓘ | 1.75 | 1.76 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 9.30 / 17.65 |
| All Time Low / High (₹) | 0.90 / 45.00 |
| Market Cap (₹ Cr.) | 128 |
| Equity (₹ Cr.) | 135.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 12.3 |
| Pledged * | 24.89 | 24.89 | 24.89 | 24.89 | 24.89 | 24.89 | 24.89 | 24.89 | 24.89 | 24.89 |
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:
Achievements/ recognition:
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