Is Indian Acrylics a good quality company?

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

Is Indian Acrylics 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 Overvalued zone .

What is Indian Acrylics share price return in the past 10 years?

Indian Acrylics Ltd share price has appreciated 15.2% annually (CAGR) over the past ten years.

Is Indian Acrylics 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.

Indian Acrylics Ltd - Stock Valuation and Financial Performance

Name: Indian Acrylics
Brand: Indian Acrylics

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

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Indian Acrylics Share Price

₹12.96 0.01 0.08%
as on 19-Apr'24 16:01

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

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 % ⓘ	29.4%	-7.3%	35.4%	19%	8%	4.8%	11%	8.7%	-16.4%	16.3%	-
Value Creation Index ⓘ	1.1	-1.5	1.5	0.4	-0.4	-0.7	-0.2	-0.4	-2.2	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	631	551	544	481	531	737	748	534	624	910	667
Sales YoY Gr.	-	-12.7%	-1.3%	-11.6%	10.4%	38.9%	1.5%	-28.7%	16.9%	45.8%	-
Adj EPS ⓘ	0.9	-1.2	1.5	1.7	0.7	-0.3	0.8	0.5	-5.6	1.4	-1.7
YoY Gr.	-	-245.9%	NA	13.8%	-62.4%	-147.7%	NA	-41.8%	-1321.7%	NA	-
BVPS (₹) ⓘ	5.5	4.1	5.6	7.2	8.9	9.8	10.5	11	5.4	6.8	3.7
Adj Net Profit ⓘ	11.5	-16.8	20.6	23.5	8.8	-4.2	10.7	6.3	-76.1	19.2	-23
Cash Flow from Ops. ⓘ	63.9	8.1	45.7	14.7	3.7	76.1	101	11.1	87.4	53.5	-
Debt/CF from Ops. ⓘ	0.2	1.9	0.9	10	54.9	2.7	2	18.7	2.4	3.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.1%	11.4%	6.7%	45.8%
Adj EPS ⓘ	5.9%	16.9%	21.6%	NA
BVPSⓘ	2.4%	-5.2%	-13.4%	26.6%
Share Price	15.2%	2.9%	9.6%	30.3%

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 % ⓘ	16.7	-26	31.6	27	8.1	-3.3	7.8	4.3	-68.7	23.3	-32.3
Op. Profit Mgn % ⓘ	7.2	1.2	8.9	10.8	8.4	4.9	9.6	12.4	-2.8	7.9	1.4
Net Profit Mgn % ⓘ	1.8	-3	3.8	4.9	1.7	-0.6	1.4	1.2	-12.2	2.1	-3.5
Debt to Equity ⓘ	0.2	0.3	0.5	1.5	1.7	1.6	1.4	1.4	2.9	1.9	-
Working Cap Days ⓘ	82	91	93	125	153	133	145	202	168	113	60
Cash Conv. Cycle ⓘ	-12	-18	-25	-7	32	18	16	29	8	-12	-6

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 1.93

Return on Equity is Poor

Sales growth has been subdued in last 3 years 6.71%

Sales growth is not so good in last 4 quarters at -25.73%

Latest Financials - Indian Acrylics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-1.7	-1.7
TTM Sales (₹ Cr.)	667	667
BVPS (₹.) ⓘ	3.7	3.7
Reserves (₹ Cr.) ⓘ	-85	-85
P/BV ⓘ	3.47	3.47
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	9.05 / 19.40
All Time Low / High (₹)	0.90 / 45.00
Market Cap (₹ Cr.)	175
Equity (₹ Cr.)	135.3
Face Value (₹)	10
Industry PE ⓘ	30.8

Management X-Ray of Indian Acrylics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

24.89

0.00

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

Valuation of Indian Acrylics

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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 Indian Acrylics

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	631	551	544	481	531	737	748	534	624	909
Operating Expenses ⓘ	586	544	496	429	486	701	677	467	641	838
Manufacturing Costs	73	72	77	77	80	95	104	90	86	133
Material Costs	479	434	372	291	339	524	481	301	474	595
Employee Cost	16	20	24	36	42	51	59	53	57	69
Other Costs ⓘ	18	18	23	25	26	31	32	24	25	40
Operating Profit ⓘ	45	7	48	52	45	36	71	66	-17	72
Operating Profit Margin (%)	7.1%	1.2%	8.9%	10.8%	8.4%	4.9%	9.6%	12.4%	-2.8%	7.9%
Other Income ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	24	16	18	16	20	28	38	35	34	37
Depreciation ⓘ	10	8	10	13	16	18	22	25	25	16
Exceptional Items ⓘ	0	3	0	0	0	23	0	0	0	0
Profit Before Tax ⓘ	11	-15	21	23	9	12	11	6	-76	19
Tax ⓘ	0	0	0	0	0	1	1	0	0	0
Profit After Tax	11	-15	21	23	9	12	11	6	-76	19
PAT Margin (%)	1.8%	-2.7%	3.8%	4.9%	1.7%	1.6%	1.4%	1.2%	-12.2%	2.1%
Adjusted EPS (₹)	0.8	-1.1	1.5	1.7	0.7	0.9	0.8	0.5	-5.6	1.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

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	74	55	76	98	120	132	142	149	73	92
Share Capital ⓘ	135	135	135	135	135	135	135	135	135	135
Reserves ⓘ	-61	-80	-60	-37	-15	-3	7	13	-62	-43
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	7	15	37	134	192	188	188	180	180	156
Long Term Debt	0	0	18	119	163	173	158	171	166	135
Short Term Debt	7	15	19	15	29	15	29	9	15	21
Trade Payables	158	130	141	139	142	203	219	173	261	239
Others Liabilities ⓘ	38	58	74	51	42	54	70	74	85	70
Total Liabilities ⓘ	279	258	327	422	496	577	618	575	600	558
Fixed Assets
Gross Block	414	443	448	558	608	616	708	715	719	722
Accumulated Depreciation	333	342	352	364	380	398	420	442	465	481
Net Fixed Assetsⓘ	81	102	96	193	228	218	288	273	254	242
CWIP ⓘ	23	2	56	1	11	58	11	3	2	1
Investmentsⓘ	0	0	0	0	0	1	1	0	0	0
Inventories	112	99	101	125	175	201	231	228	213	208
Trade Receivables	22	19	29	49	37	38	26	17	24	27
Cash Equivalents	21	12	22	26	10	11	15	11	58	36
Others Assetsⓘ	20	24	23	28	36	51	47	43	48	44
Total Assets ⓘ	279	258	327	422	496	577	618	575	600	558

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 ⓘ	64	8	46	15	4	76	101	11	87	53
PBT ⓘ	12	-18	21	22	9	-10	11	6	-76	19
Adjustment ⓘ	34	24	28	28	36	46	60	60	59	53
Changes in Working Capital ⓘ	19	-1	-3	-36	-41	41	30	-55	105	-18
Tax Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ	-21	-9	-58	-57	-59	-58	-43	-5	-4	-1
Capex	-21	-9	-58	-57	-59	-57	-43	-5	-4	-1
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	-28	-8	23	46	40	-18	-54	-11	-37	-74
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 ⓘ	-24	-16	-18	-16	-20	-28	-38	-35	-34	-37
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-4	8	40	61	60	11	-16	24	-3	-38
Net Cash Flow ⓘ	14	-9	10	4	-16	1	4	-5	47	-22

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 (%)	16.48	-23.17	31.58	26.91	8.1	9.2	7.82	4.31	-68.67	23.27
ROCE (%)	36.72	1.14	41.09	21.56	10.15	12.34	14.46	11.68	-13.21	20.31
Asset Turnover Ratio	2.56	2.2	1.98	1.38	1.17	1.37	1.25	0.89	1.06	1.57
PAT to CFO Conversion(x)	5.82	N/A	2.19	0.65	0.44	6.33	9.18	1.83	N/A	2.79
Working Capital Days
Receivable Days	14	13	15	27	29	19	16	15	12	10
Inventory Days	59	65	63	80	102	93	105	157	129	85
Payable Days	107	121	133	175	151	120	160	238	167	153

Indian Acrylics Ltd Stock News

Indian Acrylics Ltd FAQs

What is the share price of Indian Acrylics?

Company share prices are keep on changing according to the market conditions. The closing price of Indian Acrylics on 19-Apr-2024 16:01 is ₹12.96.

What is the market cap of Indian Acrylics?

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 19-Apr-2024 16:01 the market cap of Indian Acrylics stood at ₹175.2.

What is the P/E ratio of Indian Acrylics?

The latest P/E ratio of Indian Acrylics as of 19-Apr-2024 16:01 is 0.00.

What is the P/B ratio of Indian Acrylics?

The latest P/B ratio of Indian Acrylics as of 19-Apr-2024 16:01 is 3.47.

What is the 52-week high and low of Indian Acrylics?

The 52-week high of Indian Acrylics is ₹19.40 and the 52-week low is ₹9.05.

What is the TTM revenue of Indian Acrylics?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Acrylics is ₹667.0 ( Cr.) .

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 â€“ 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: