Arex Industries Ltd - Stock Valuation and Financial Performance

BSE: 526851 | NSE: | Textile | Small Cap

Arex Industries Share Price

141.45 -1.00 -0.70%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Arex Industries

M-Cap below 100cr DeciZen not available

Arex Industries stock performance -

mw4me loader
P/E Ratio (SA):
20.74
Market Cap:
55.7 Cr.
52-wk low:
76.1
52-wk high:
162

Is Arex Industries Ltd an attractive stock to invest in?

1. Is Arex Industries Ltd a good quality company?

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

2. Is Arex Industries Ltd undervalued or overvalued?

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

3. Is Arex Industries Ltd a good buy now?

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

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.
Arex 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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.8%14%13.3%12.6%9.6%7%5.1%1.8%9.6%3.8%-
Value Creation
Index
0.00-0.1-0.1-0.3-0.5-0.6-0.9-0.3-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 31.73332.234.937.740.747.240.953.84548
Sales YoY Gr.-4.3%-2.7%8.6%7.8%8.1%15.8%-13.3%31.5%-16.2%-
Adj EPS 5.96.77.38.38.85.62.1-2.79.31.66.8
YoY Gr.-13.5%7.6%14.1%6.5%-36%-62.9%-227.8%NA-83.4%-
BVPS (₹) 36.642.345.954.661.16564.862.371.773.479.8
Adj Net
Profit
2.42.72.93.33.52.20.8-1.13.70.63
Cash Flow from Ops. 4.34.87.22.67.76.89.87.510.58.1-
Debt/CF from Ops. 2.11.21.453.95.23.34.22.22.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4%3.6%-1.5%-16.2%
Adj EPS -13.9%-29.4%-9.5%-83.4%
BVPS8%3.8%4.3%2.5%
Share Price 24.9% 16.6% 26.4% 85.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.317.116.416.515.293.2-4.213.92.18.9
Op. Profit
Mgn %
2723.72424.121.523.519.616.720.815.119.1
Net Profit
Mgn %
7.48.18.99.49.35.51.8-2.66.91.45.6
Debt to
Equity
0.60.30.60.61.21.41.31.30.80.6-
Working Cap
Days
12412113214916017016018914716471
Cash Conv.
Cycle
969710511110710910613110011433

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.90%

Debt to equity has declined versus last 3 years average to 0.61

Sales growth has been subdued in last 3 years -1.54%

Net Profit has been subdued in last 3 years -9.48%

Sales growth is not so good in last 4 quarters at 3.46%

Latest Financials - Arex Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 6.8 -
TTM Sales (₹ Cr.) 48.4 -
BVPS (₹.) 79.8 -
Reserves (₹ Cr.) 28 -
P/BV 1.76 -
PE 20.74 -
From the Market
52 Week Low / High (₹) 76.05 / 161.95
All Time Low / High (₹) 1.75 / 314.70
Market Cap (₹ Cr.) 55.7
Equity (₹ Cr.) 4
Face Value (₹) 10
Industry PE 27.9

Management X-Ray of Arex Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *48.4148.1848.1848.1848.1844.7444.7442.2842.2842.28
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Arex Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales31.6933.0432.1634.9437.6640.7247.1740.8853.7545.02
Operating Expenses 23.3725.2224.4426.6429.6331.1737.9334.0642.6038.22
Manufacturing Costs3.703.294.024.205.474.855.704.806.726.09
Material Costs11.0111.619.4710.6210.8310.7813.9413.4815.3913.83
Employee Cost 5.807.367.768.299.5511.4514.1811.6015.2913.65
Other Costs 2.872.963.203.533.774.084.124.175.194.66
Operating Profit 8.327.817.718.308.039.559.236.8211.166.80
Operating Profit Margin (%) 26.3%23.6%24.0%23.7%21.3%23.5%19.6%16.7%20.8%15.1%
Other Income 0.090.080.060.130.130.490.190.120.090.26
Interest 1.070.770.721.021.092.543.132.982.111.81
Depreciation 4.053.132.542.512.544.024.854.764.494.23
Exceptional Items 0000000000
Profit Before Tax 3.293.994.514.904.523.481.45-0.814.651.01
Tax 1.091.311.651.681.070.960.560.200.950.31
Profit After Tax 2.202.692.873.223.452.520.88-13.700.70
PAT Margin (%) 6.9%8.1%8.9%9.2%9.2%6.2%1.9%-2.5%6.9%1.6%
Adjusted EPS (₹)5.66.87.28.18.76.42.2-2.59.31.8
Dividend Payout Ratio (%)16%13%41%25%23%31%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 14.4916.7518.1921.6324.1725.7225.6524.6528.3729.07
Share Capital 3.963.963.963.963.963.963.963.963.963.96
Reserves 10.5312.7914.2317.6720.2121.7621.6920.7024.4125.11
Minority Interest0000000000
Debt7.695.449.6311.6728.6533.2229.1226.4520.8115.51
Long Term Debt5.302.046.278.0925.9329.8326.3425.1616.1511.38
Short Term Debt2.393.393.363.582.723.392.781.304.664.14
Trade Payables0.200.120.510.510.942.403.833.973.883.13
Others Liabilities 4.622.825.164.175.716.175.587.595.394.99
Total Liabilities 27.0125.1233.4837.9959.4867.5264.1862.6658.4552.69

Fixed Assets

Gross Block60.1660.5466.5970.4470.59101.49103103.31104.42105.18
Accumulated Depreciation45.0846.8648.9250.2952.8155.1359.7963.9068.2871.79
Net Fixed Assets15.0713.6817.6820.1517.7846.3643.2139.4136.1433.39
CWIP 0.3501.80023.850000.490
Investments 0.020.031.031.260.120.0201.0100
Inventories3.333.413.564.053.765.947.598.319.658.89
Trade Receivables5.965.667.077.878.2510.5010.6811.569.448.14
Cash Equivalents 0.310.410.340.710.630.400.460.400.380.35
Others Assets1.961.9323.945.084.312.241.972.351.92
Total Assets 27.0125.1233.4837.9959.4867.5264.1862.6658.4552.69

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4.304.837.162.597.736.839.797.4810.468.12
PBT 3.293.994.514.904.523.481.45-0.814.651.01
Adjustment 5.033.823.203.593.566.057.837.676.555.82
Changes in Working Capital -2.27-1.361.04-4.090.84-1.730.790.570.341.1
Tax Paid -1.75-1.63-1.59-1.81-1.18-0.97-0.280.05-1.090.20
Cash Flow From Investing Activity -4.39-1.32-9.29-3.28-22.81-8.17-1.57-1.86-0.60-0.73
Capex -4.48-1.37-8.34-3.32-24.05-32.25-1.67-0.93-1.24-1.38
Net Investments 0-0.01-101.200.180.02-0.991.020
Others 0.090.050.050.030.0423.900.080.06-0.390.65
Cash Flow From Financing Activity 0.11-3.452.051.0214.941.07-8.19-5.65-9.85-7.38
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.32-3.264.231.8117.853.90-3.50-1.18-9.01-4.77
Interest Paid -1.07-0.77-0.72-1.02-1.09-2.54-3.13-2.98-2.11-1.81
Dividend Paid -0.36-0.36-1.190-0.95-0.95-0.95000
Others 1.860.93-0.280.23-0.860.67-0.61-1.491.27-0.80
Net Cash Flow 0.020.06-0.080.33-0.15-0.260.02-0.020.010
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.1617.216.416.1515.0710.113.44-3.9913.952.44
ROCE (%)19.3720.8420.5918.7512.6510.467.73.8412.585.73
Asset Turnover Ratio1.221.291.120.980.770.640.720.640.890.81
PAT to CFO Conversion(x)1.951.82.490.82.242.7111.13N/A2.8311.6
Working Capital Days
Receivable Days64637178788482997171
Inventory Days36373940384352716175
Payable Days8512182557821069393

Arex Industries Ltd Stock News

Arex Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Arex Industries on 28-Mar-2024 16:01 is ₹141.4.
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 28-Mar-2024 16:01 the market cap of Arex Industries stood at ₹55.66.
The latest P/E ratio of Arex Industries as of 28-Mar-2024 16:01 is 20.74.
The latest P/B ratio of Arex Industries as of 28-Mar-2024 16:01 is 1.76.
The 52-week high of Arex Industries is ₹161.9 and the 52-week low is ₹76.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Arex Industries is ₹48.40 ( Cr.) .

About Arex Industries Ltd

Arex Industries was founded in 1989. The company has metamorphosed into a $6.0 million company with a net worth of $3.6 million within a decade, patronized by its ever valued clients.

Arex provides 414 million Woven Labels annually, in response to vastly diverse client requirements. These labels can be Satin or Taffeta quality in White or Black warp-base, up to a width of 500 MM and 12 Colors. These labels feature Ultrasonic Cutting along normal hot-slitted edges from broad looms, and soft edges from Needle looms.

The company has mastered the art of translating the needs into weaving patterns. Incorporating the ‘State-of-the-Art’ technology in the ultra modern computerized plant, the company maintains international standards of woven labels and excellent workmanship with a proven track record of adhering to stringent delivery schedules.

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