AB Cotspin India Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: ABCOTS | Textile | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on AB Cotspin India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

AB Cotspin India stock performance -

mw4me loader
P/E Ratio (SA):
282.21
Market Cap:
545.5 Cr.
52-wk low:
0
52-wk high:
0

Is AB Cotspin India Ltd an attractive stock to invest in?

1. Is AB Cotspin India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that AB Cotspin India Ltd is a below average quality company.

2. Is AB Cotspin India Ltd undervalued or overvalued?

The key valuation ratios of AB Cotspin India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is AB Cotspin India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of AB Cotspin India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of AB Cotspin India:

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.
AB Cotspin India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'18Mar'19Mar'20Dec'20Mar'21Mar'22Mar'23TTM
ROCE % 5.8%5.6%4.2%8.7%10.1%13%4%-
Value Creation
Index
-0.6-0.6-0.7-0.4-0.3-0.1-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 12112194.1109115141169169
Sales YoY Gr.--0.3%-22.2%15.4%6.2%22%20.2%-
Adj EPS 1.51.51.118.55.26.61.70.9
YoY Gr.--1.3%-30%1664.8%-72.2%27.6%-74.3%-
BVPS (₹) 0024109.129.237.541.224.4
Adj Net
Profit
1.11.10.84.63.86.81.72
Cash Flow from Ops. -8.310.16.9-0.4013.6-23.7-
Debt/CF from Ops. -5.13.44.2-117.8-3084.22.3-4.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA6.9%15.9%20.2%
Adj EPS NA2.4%-55%-74.3%
BVPSNANA-27.7%9.7%
Share Price - - - 421.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Dec'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
76.74.417.919.222.34.32.7
Op. Profit
Mgn %
6.66.36.18.28.810.26.2NAN
Net Profit
Mgn %
0.90.90.84.23.34.811.2
Debt to
Equity
2.621.61.61.70.82.3-
Working Cap
Days
0102118156109931080
Cash Conv.
Cycle
0881021319476860

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.89%

Return on Equity has declined versus last 3 years average to 2.70%

Net Profit has been subdued in last 3 years -54.99%

Debt to equity has increased versus last 3 years average to 2.30

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - AB Cotspin India Ltd.

Standalone Consolidated
TTM EPS (₹) 0.9 -
TTM Sales (₹ Cr.) 169 -
BVPS (₹.) 24.4 -
Reserves (₹ Cr.) 32 -
P/BV 10.03 -
PE 282.21 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 546
Equity (₹ Cr.) 22.3
Face Value (₹) 10
Industry PE 27.9

Management X-Ray of AB Cotspin India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of AB Cotspin India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales12112194115141169
Operating Expenses 11311388105126159
Manufacturing Costs111010111212
Material Costs97957187105137
Employee Cost 455677
Other Costs 232232
Operating Profit 886101410
Operating Profit Margin (%) 6.6%6.3%6.0%8.8%10.2%6.2%
Other Income 000001
Interest 332223
Depreciation 433335
Exceptional Items 000000
Profit Before Tax 121593
Tax 010221
Profit After Tax 111472
PAT Margin (%) 0.9%1.0%0.9%3.4%4.9%1.1%
Adjusted EPS (₹)1.51.61.25.26.61.9
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 161718223943
Share Capital 33331010
Reserves 131515192832
Minority Interest000000
Debt383027322891
Long Term Debt14117132353
Short Term Debt24192019538
Trade Payables413121
Others Liabilities 77591414
Total Liabilities 6655536483149

Fixed Assets

Gross Block575725303191
Accumulated Depreciation303336914
Net Fixed Assets272422252377
CWIP 0000190
Investments 000004
Inventories281919281844
Trade Receivables7997813
Cash Equivalents 210081
Others Assets2233610
Total Assets 6655536483149

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -8107014-24
PBT 121593
Adjustment 765569
Changes in Working Capital -1631-102-34
Tax Paid 000-1-3-1
Cash Flow From Investing Activity 00-1-5-15-41
Capex 00-1-5-1-41
Net Investments 0000-2-1
Others 0000-120
Cash Flow From Financing Activity 10-11-75264
Net Proceeds from Shares 0000100
Net Proceeds from Borrowing -4-3-68930
Interest Paid -3-3-2-2-2-3
Dividend Paid 000000
Others 18-51-1-1537
Net Cash Flow 2-1-101-1
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.187.154.919.6822.674.77
ROCE (%)7.738.46.1514.4817.675.78
Asset Turnover Ratio1.8421.751.981.921.46
PAT to CFO Conversion(x)-810702-12
Working Capital Days
Receivable Days222536262023
Inventory Days847174756167
Payable Days171010855

AB Cotspin India Ltd Stock News

AB Cotspin India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of AB Cotspin India on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of AB Cotspin India stood at ₹545.5.
The latest P/E ratio of AB Cotspin India as of 01-Jan-1970 05:30 is 282.2.
The latest P/B ratio of AB Cotspin India as of 01-Jan-1970 05:30 is 10.03.
The 52-week high of AB Cotspin India is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of AB Cotspin India is ₹169.1 ( Cr.) .

About AB Cotspin India Ltd

AB Cotspin India was originally incorporated as “Ganga Cottex Private Limited” at Jalandhar, as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated June 23, 1997 issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Subsequently, the company was converted from Private Limited Company to a Public Limited Company pursuant to a special resolution passed by the members of the company in the Extra-ordinary General meeting held on March 20, 2010 and the name of the company was changed to “Ganga Cottex Limited”. Further, the name of the company was changed to “AB Cotspin India Limited” and a fresh Certificate of Incorporation dated December 24, 2010

The company commenced its business in 1997 with a cotton ginning plant with cotton bales and cotton seeds being its initial products. Thereafter in the year 2000, the company installed a crushing unit to extract oil from cotton and mustard seeds and expanded its product basket with the addition of cotton seed oil, mustard oil and oil cake. In the year 2011, it ventured in manufacturing cotton yarn by setting up a spinning plant. In the year 2014, the company installed a knitting machine and thus forayed into manufacturing of knitted fabric.

The company has one manufacturing facility which is located at, Jaitu (Dist Faridkot), Punjab. Over the years, it has made investments in its manufacturing infrastructure to support its product portfolio requirements and reach. The company is supplying its products domestically.

Business area of the company

The company is primarily engaged in manufacturing of cotton yarn, knitted fabric, cottonseed oil and oilcakes.

Milestones

  • 1997: AB Cotspin India Limited started its journey in the name of ‘Ganga Cottex Private Limited’ with Cotton ginning plant.
  • 2010: The Company was converted from a Private Company to Public Limited Company for further expansion of operations of the Company.
  • 2010: The Name of the Company was changed from ‘Ganga Cottex Limited’ to ‘A B Cotspin India Limited.’
  • 2015: The Company obtained Membership certification of Better Cotton Initiative (BCI).
  • 2016: Accredited as One Star Export House by DGFT.
  • 2018: First Prize for the Largest Reduction in Accident Frequency in Cotton Textile Industry (1 Lakh -5 Lakh man hours) by the Directorate of Factories Punjab & Punjab Industrial Safety Council.
  • 2021: The Company holds SCOPE certificate that certifies that products such as Greige yarns, Fibres, Greige fabrics comply with Global Organic Textile Standard (GOTS).
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