Alok Industries Ltd - Stock Valuation and Financial Performance

BSE: 521070 | NSE: ALOKINDS | Textile | Small Cap

Alok Inds Share Price

27.66 -0.18 -0.65%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Alok Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Alok Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
13,733.9 Cr.
52-wk low:
11.5
52-wk high:
39.2

Is Alok Industries Ltd an attractive stock to invest in?

1. Is Alok Industries Ltd a good quality company?

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

2. Is Alok Industries Ltd undervalued or overvalued?

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

3. Is Alok Industries Ltd a good buy now?

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

10 Year X-Ray of Alok Inds:

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.
Alok Industries 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

Sep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16%12.4%-8.7%-3.9%-78.5%2.4%-1.1%-26.7%1.9%-9.3%-
Value Creation
Index
0.2-0.1-1.6-1.3NANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13,27914,75411,7498,1305,3343,1293,1403,7357,1516,7485,415
Sales YoY Gr.-11.1%-20.4%-30.8%-34.4%-41.3%0.4%19%91.4%-5.6%-
Adj EPS 61.6-28.7-24.2-132.5-19.2-1-7.1-0.4-1.8-1.8
YoY Gr.--73.8%-1941.7%NANANANANANANA-
BVPS (₹) 24.626.247.422.1-111.1-94.4-48.4-32.8-33.1-34.9-36.1
Adj Net
Profit
821215-3,957-3,328-18,252-2,643-216-3,526-203-893-909
Cash Flow from Ops. -1812,249-2,518-98.1-12839.4-172321216784-
Debt/CF from Ops. -594.6-8-246.2-204.3611.7-162.971.3106.528.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -7.2%4.8%29.1%-5.6%
Adj EPS -187.5%NANANA
BVPS-203.9%NANANA
Share Price 13.6% 44.1% 10.1% 113.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Sep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
28.26.2-66.8-70.6299.118.81.826.21.25.35.2
Op. Profit
Mgn %
27.922.8-21.4-21.5-245.2-6-9.5-9.78-1-0.4
Net Profit
Mgn %
6.21.5-33.7-40.9-342.2-84.5-6.9-94.4-2.8-13.2-16.8
Debt to
Equity
3.22.83.18.1-1.7-1.9-2.6-1.4-1.4-1.3-
Working Cap
Days
19828455168057320920016510311254
Cash Conv.
Cycle
129196423558424-2814146-41

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 29.05%

Return on Equity has declined versus last 3 years average to 5.20%

Sales growth is not so good in last 4 quarters at -24.87%

Latest Financials - Alok Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -1.8 -1.9
TTM Sales (₹ Cr.) 5,415 5,584
BVPS (₹.) -36.1 -39.3
Reserves (₹ Cr.) -18,424 -20,027
P/BV -0.77 -0.70
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 11.50 / 39.24
All Time Low / High (₹) 1.36 / 120.29
Market Cap (₹ Cr.) 13,734
Equity (₹ Cr.) 496.5
Face Value (₹) 1
Industry PE 29

Management X-Ray of Alok Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Alok Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales19,91822,13111,7498,1305,3343,1293,1403,7357,1516,748
Operating Expenses 14,49317,08514,62110,13718,4353,3263,4474,1906,5806,817
Manufacturing Costs1,7011,1416416826897067719121,3991,429
Material Costs11,40014,6639,6877,5525,1632,1512,0741,9844,5404,740
Employee Cost 435413257283276253257307395431
Other Costs 9578694,0371,62012,307216344986246216
Operating Profit 5,4255,046-2,873-2,008-13,101-197-307-454571-68
Operating Profit Margin (%) 27.2%22.8%-24.5%-24.7%-245.0%-6.3%-9.8%-12.2%8.0%-1.0%
Other Income 34222523416810612585224038
Interest 2,5423,2512,7053,2744,6834,15879473463488
Depreciation 1,3611,4611,016513528533529285333356
Exceptional Items -46400007,0452,053-3,24100
Profit Before Tax 1,400558-6,360-5,626-18,2062,2811,222-4,432-184-875
Tax 480209-2,154-2,12411-1-11,42300
Profit After Tax 920349-4,206-3,502-18,2172,2821,223-5,855-184-875
PAT Margin (%) 4.6%1.6%-35.8%-43.1%-341.0%72.9%39.0%-156.0%-2.6%-13.0%
Adjusted EPS (₹)6.72.5-31.0-25.8-133.016.75.5-11.8-0.4-1.8
Dividend Payout Ratio (%)4%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 5,0885,4166,4302,996-15,199-12,922-10,689-16,265-16,450-17,321
Share Capital 1,3771,3771,3581,3581,3691,369233497497497
Reserves 3,7114,0385,0721,638-16,568-14,291-10,922-16,762-16,947-17,817
Minority Interest0000000000
Debt13,64613,65118,63822,34624,26922,81528,03122,84722,64222,079
Long Term Debt9,0857,2247,9988,9567,1235,87128,03122,73722,40821,810
Short Term Debt4,5616,42810,64013,39017,14616,9450111234270
Trade Payables1,7863,3801,0241,0457867633529841,1971,492
Others Liabilities 4,9826,9056,6014,5527,3005,817-1,314174545909
Total Liabilities 25,50329,35232,69230,93917,15616,47316,3797,7397,9357,160

Fixed Assets

Gross Block12,91513,50717,36217,17917,15517,18917,18317,39017,49517,515
Accumulated Depreciation3,7315,1861,0161,5172,0202,5533,0793,3613,6924,023
Net Fixed Assets9,1838,32116,34715,66215,13414,63514,10414,02913,80413,493
CWIP 5555614000011612
Investments 132351219110929292000
Inventories5,7268,2858,0543,2113603263358851,183939
Trade Receivables4,9437,5325,9219,940207162163280462294
Cash Equivalents 8836351388044254702484040
Others Assets4,0804,1742,0001,9361,3181,2331,214-7,713-7,561-7,618
Total Assets 25,50329,35232,69230,93917,15616,47316,3797,7397,9357,160

Cash Flow

(All Figures are in Crores.)
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2723,374-2,518-98-12839-172321216784
PBT 1,400558-6,360-5,626-18,2062,2811,222-4,432-184-875
Adjustment 3,8704,0576,6784,98917,268-2,322-1,3154,823796857
Changes in Working Capital -5370-1133-282954281384-78-67-391808
Tax Paid -172-109-7-3-3-4-2-4-6-6
Cash Flow From Investing Activity -725-73679-1001945236-195-63-31
Capex -1,338-143-1439720-1-217-103-30
Net Investments 601-607408-14811345291438-3
Others 1114-31591079822
Cash Flow From Financing Activity 1,184-3,2742,365252-107-108504-333-324-758
Net Proceeds from Shares 55100000250000
Net Proceeds from Borrowing 0000000000
Interest Paid -2,110-2,699-1,464-355-495-95-86-444-446-457
Dividend Paid -29-4000000000
Others 2,772-5353,829607388-12340111123-301
Net Cash Flow 187-636-7554-41-16368-207-171-4
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)21.066.64-71.01-74.32N/AN/AN/AN/AN/AN/A
ROCE (%)2118.19-15.46-8.77N/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.930.820.380.260.220.190.190.310.920.91
PAT to CFO Conversion(x)-0.39.67N/AN/AN/A0.02-0.14N/AN/AN/A
Working Capital Days
Receivable Days641022063473432119211920
Inventory Days821142502471214038595257
Payable Days22254043511098812388104

Alok Industries Ltd Stock News

Alok Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Alok Inds on 12-Apr-2024 16:59 is ₹27.66.
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 12-Apr-2024 16:59 the market cap of Alok Inds stood at ₹13,733.9.
The latest P/E ratio of Alok Inds as of 12-Apr-2024 16:59 is 0.00.
The latest P/B ratio of Alok Inds as of 12-Apr-2024 16:59 is -0.77.
The 52-week high of Alok Inds is ₹39.24 and the 52-week low is ₹11.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Alok Inds is ₹5,415 ( Cr.) .

About Alok Industries Ltd

Alok Industries (AIL) was set up in the year 1986.  AIL is engaged in business of yarn, weaving, knitting, processing, home textiles, apparel fabrics, garments and readymade garments.Alok was established in 1986 with its first polyester texturising plant being set up in 1989. It became a public limited company in 1993. Over the years, it has expanded into weaving, knitting, processing, home textiles and garments. And to ensure quality and cost efficiencies it has integrated backward into cotton spinning and manufacturing partially oriented yarn through the continuous polymerisation route. It also provide embroidered products through Grabal Alok Impex Ltd., its associate company.

It has evolved into a diversified manufacturer of world-class home textiles, garments, apparel fabrics and polyester yarns, selling directly to manufacturers, exporters, importers, retailers and to some of the world’s top brands.

Alok has a strong foothold in the domestic retail segment through a wholly owned subsidiary, Alok H&A Limited, under the cash & carry model that offer garments and home textiles at attractive price points.

Alok also has an international presence in the retail segment through its associate concern, Grabal Alok (UK) Limited. This entity owns more than 200 outlets across England, Scotland and Whales vending value for money ranges for menswear, womenswear, childrenwear, footwear, homeware and accessories.

In 1989 the company set up manufacturing facilities for texturising at Silvassa. Later in 1991 it started weaving operation at Bhiwandi, District Thane. AIL expanded its weaving capacity (50 Cimmco Looms) at Bhiwandi unit and texturising capacity (3 nos. texturising machines) at Silvassa. 

In 1995 the company formed a joint venture with Grabal, Albert Grabher Gesellshaft mbH & Co of Austria for financial and technical collaboration to manufacture embroidered products. This led to formation of Grabal Alok Impex through which AIL control its extensive embroidery operation.

The company set up its Knitting Division at Silvassa (8 machines) at Navi Mumbai in 1996. The company expanded its texturising capacity (5 nos. Texturising machines at Silvassa in 1997. Today Alok is amongst the fastest growing vertically integrated textile companies in India.

Products

The company manufactures apparel fabric, knitted fabrics, embroidered fabrics, polyester yarn, garments and home textiles.

It has also forayed into retail segment through its 100 percent subsidiary Alok Retail (India) under the brand name H & A stores. Presently, the company owns 32 stores.

The company also operates internationally through its acquired entity Mileta located in the Czech Republic. Mileta is European major in yarn dyed shirting, handkerchiefs and table linen, which specialises in high-value premium products. Mileta, Alok together have created apparel brand such as Mileta, Erba, Cottonova and Lord Nelson.

The company is also engaged in international retailing by taking strategic stake in a UK based retail company Hamsard 2353, now known as Grabal Alok (UK). The company has 218 stores under the brand name “Store Twenty One” that offers range of garments for women, men and children and home ware and related accessories.

Realty- It owns wholly owned subsidiary, Alok Infrastructure which has receive contract to develop  1700,000 square feet of premium office space in Mumbai.

Award and milestones

  • 2009
     
    •ALOK HAS WON TEXPROCIL AWARDS IN THREE CATEGORIES FOR THE YEAR 2009
    â—¦GOLD Trophy for Highest Exports of Bleached / Dyed / Yarn Dyed / Printed Fabrics in Fabrics Category
    â—¦GOLD Trophy for Highest Exports of Bed Linen / Bed Sheets /Quilts in Made-ups Category
    â—¦SILVER Trophy for Highest Global Exports Category
    •OUTSTANDING EXPORTER OF THE YEAR - TEXTILES at the International Trade Awards 2008-09: presented by DHL CNBC TV18; awarded for the second consecutive year 
  • 2010
     
    •ALOK HAS WON TEXPROCIL AWARDS IN THREE CATEGORIES FOR THE YEAR 2009-2010
    â—¦GOLD Trophy for Highest Exports of Bleached / Dyed / Yarn Dyed / Printed Fabrics in Fabrics Category
    â—¦GOLD Trophy for Highest Exports of Bed Linen / Bed Sheets /Quilts in Made-ups Category
    â—¦SILVER Trophy for Highest Global Exports Category 
  • 2011
    Awarded the IMC - Ramakrishna Bajaj National Quality (RBNQ) Performance Excellence Trophy in the Manufacturing Category
    Awarded status of 'Recognised Star Trading House'
  • 2012
    Completion of Expansion of polyester production from 900 tons/day to 1400 tons/day.
    The amalgamation of Grabal Alok Impex Limited (GAIL) into the company was completed on 1 March 2012 with effect from 1 April 2011.
  • 2013
     
    •THE COMPANY HAS BEEN HONOURED BY THE MINISTRY OF TEXTILES, GOVERNMENT OF INDIA AT THE TEXTILE CONCLAVE 2013 – BRAND INDIA HELD IN NEW DELHI ON 3 DECEMBER 2013 AS FOLLOWS:
    ◦Largest Exporter – Mill Sector Fabrics
    ◦Largest Processor – Processing
    â—¦Largest Producer – Made Ups & Home Textiles 
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