Arvind Products Ltd - Stock Valuation and Financial Performance

Name: Arvind Products
Brand: Arvind Products

BSE: 532489 | NSE: | Textile | Small Cap

Place order

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Arvind Products

Based on:

Data

M-Cap below 100cr DeciZen not available

Arvind Products stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

29.74

Market Cap:

60.1 Cr.

52-wk low:

7.4

52-wk high:

7.7

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

No data found

3. Is a good buy now?

No data found

10 Year X-Ray of Arvind Products:

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

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'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	TTM
ROCE % ⓘ	-4%	5.3%	4.6%	3.4%	2.8%	7.3%	5.4%	-0.4%	8%	6.7%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	326	382	352	407	390	447	438	387	475	620	679
Sales YoY Gr.	-	16.9%	-7.8%	15.7%	-4.2%	14.8%	-2.1%	-11.5%	22.5%	30.6%	-
Adj EPS ⓘ	-8.6	0	-0.2	-0.9	-0.9	0.9	0.4	-2.9	0.5	0.1	0.3
YoY Gr.	-	NA	-900%	NA	NA	NA	-59.1%	-908.3%	NA	-87.2%	-
BVPS (₹) ⓘ	11.7	5.9	5.6	4.6	3.7	4.6	5	1.9	2.4	2.4	2.4
Adj Net Profit ⓘ	-69.8	0.2	-1.9	-7	-7.3	7.1	2.9	-23.5	3.8	0.5	2
Cash Flow from Ops. ⓘ	24.4	60.6	68	76	33	90.3	-25	95	79	68	-
Debt/CF from Ops. ⓘ	26.8	5	4	3.1	7.1	2	-10.1	2.3	2.5	2.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.4%	9.7%	12.3%	30.6%
Adj EPS ⓘ	NA	NA	-45%	-87.2%
BVPSⓘ	-16%	-8.1%	-21.2%	2.1%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	TTM
Return on Equity % ⓘ	-27.9	0.2	-1.8	-6.9	-7.8	7.6	3	-26.8	4.9	0.6	10.3
Op. Profit Mgn % ⓘ	10.5	15.7	16.3	12.4	12.3	13.5	12.9	10.2	10.4	8.4	6.7
Net Profit Mgn % ⓘ	-21.4	0.1	-0.6	-1.7	-1.9	1.6	0.7	-6.1	0.8	0.1	0.3
Debt to Equity ⓘ	3	2.8	2.6	2.4	2.6	1.9	2.5	2.9	2.5	2.1	2.2
Working Cap Days ⓘ	293	117	137	145	162	142	137	153	145	142	71
Cash Conv. Cycle ⓘ	-4	6	6	-13	-17	56	117	54	-10	-33	0

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

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

Latest Financials - Arvind Products Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.3	-
TTM Sales (₹ Cr.)	679	-
BVPS (₹.) ⓘ	2.4	-
Reserves (₹ Cr.) ⓘ	-61	-
P/BV ⓘ	3.04	-
PE ⓘ	29.74	-

From the Market
52 Week Low / High (₹)	7.40 / 7.71
All Time Low / High (₹)	1.50 / 23.50
Market Cap (₹ Cr.)	60.1
Equity (₹ Cr.)	81
Face Value (₹)	10
Industry PE ⓘ	11

Management X-Ray of Arvind Products:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

93.41

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

Valuation of Arvind Products

Analyst's Notes

This is a premium feature, Please click here to check our solutions.

Key Ratios of Arvind Products

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'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11
Sales	163.17	381.59	351.67	406.90	389.89	447.39	437.91	387.37	474.66	619.94
Operating Expenses ⓘ	147.69	322.24	294.85	356.45	341.84	386.83	381.23	348.06	425.09	567.85
Manufacturing Costs	49.47	99.19	90.91	115.25	122.63	136.45	143.82	136.72	153.88	182.30
Material Costs	72.82	175.53	161.31	196.73	169.20	193.74	182.73	154.45	208.63	309.20
Employee Cost	13.48	27.62	28.23	31.19	34.21	35.94	36.58	38.79	42.07	50.69
Other Costs ⓘ	11.92	19.90	14.39	13.29	15.80	20.71	18.10	18.10	20.52	25.66
Operating Profit ⓘ	15.48	59.35	56.83	50.44	48.04	60.56	56.69	39.31	49.57	52.09
Operating Profit Margin (%)	9.5%	15.6%	16.2%	12.4%	12.3%	13.5%	12.9%	10.1%	10.4%	8.4%
Other Income ⓘ	4.27	5.28	2.15	2.23	2.01	2.99	3.05	4.28	5.67	3.79
Interest ⓘ	24.15	31.68	28.43	26.80	23.48	21.26	20.26	31.56	27.04	24.34
Depreciation ⓘ	19.55	32.50	32.61	32.31	33.79	34.97	36.34	34.97	36.23	31.13
Exceptional Items ⓘ	-0.16	0	0	-1.83	0	0	0	0	0	0
Profit Before Tax ⓘ	-24.11	0.45	-2.07	-8.26	-7.22	7.33	3.14	-22.94	-8.04	0.40
Tax ⓘ	12.02	0	0	0	0.12	0.20	0.20	0.18	-12.10	0
Profit After Tax	-36.13	0.45	-2.07	-8.26	-7.34	7.13	2.93	-23.11	4.07	0.40
PAT Margin (%)	-22.1%	0.1%	-0.6%	-2.0%	-1.9%	1.6%	0.7%	-6.0%	0.9%	0.1%
Adjusted EPS (₹)	-4.5	0.1	-0.3	-1.0	-0.9	0.9	0.4	-2.9	0.5	0.1
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'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11
Equity and Liabilities
Shareholders Fund	107.34	107.79	105.72	97.47	90.12	97.25	100.18	75.25	79.32	79.73
Share Capital ⓘ	141.09	141.09	141.09	141.09	141.09	141.09	141.09	141.09	141.09	141.09
Reserves ⓘ	-33.75	-33.30	-35.37	-43.62	-50.97	-43.84	-40.91	-65.84	-61.77	-61.36
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	326.49	302.40	269.79	231.73	234.27	180.96	251.85	219.64	195.89	169.48
Long Term Debt	326.49	302.40	269.79	231.73	234.27	180.96	251.85	219.64	195.89	169.48
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	106.60	86.26	129.72	169.18	156.56	0	0	126.25	199.30	288.03
Others Liabilities ⓘ	15.55	13.54	13.34	14.76	14.42	194.11	92.97	16.15	2.40	2.81
Total Liabilities ⓘ	555.98	510	518.57	513.13	495.38	472.33	445.01	437.30	476.92	540.04
Fixed Assets
Gross Block	433.04	434.25	440.48	441.09	459.86	285.39	271.85	520.35	523.15	529.33
Accumulated Depreciation	19.84	52.10	84.30	116.30	149.86	0	0	252.86	286.34	311.70
Net Fixed Assetsⓘ	413.20	382.16	356.17	324.79	310	285.39	271.85	267.49	236.81	217.64
CWIP ⓘ	0.62	0.31	0.44	9.40	7.13	12.81	13.84	1	3.86	11.56
Investmentsⓘ	1.45	1.45	1.37	1.37	0.37	0.37	0.37	0.36	22.36	22.36
Inventories	61.86	67.14	93.78	89.16	106.17	105.32	110.24	107.40	135.53	181.35
Trade Receivables	58.11	34.98	46.89	59.78	46.84	43.27	22.96	24.23	37.12	51.14
Cash Equivalents	2.78	2.10	2	3.93	3	1.47	1.51	1.42	4.44	14.21
Others Assetsⓘ	17.95	21.86	17.91	24.71	21.87	23.69	24.24	35.39	36.79	41.79
Total Assets ⓘ	555.98	510	518.57	513.13	495.38	472.33	445.01	437.30	476.92	540.04

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11
Cash Flow From Operating Activity ⓘ	12.18	60.64	68.01	75.95	32.95	90.33	-25	94.95	79.04	68
PBT ⓘ	-23.95	0.45	-2.07	-6.43	-7.22	7.33	3.14	-22.94	-8.04	0.40
Adjustment ⓘ	40.86	64.49	61.48	58.49	57.38	57.43	58.32	64.64	59.72	53.05
Changes in Working Capital ⓘ	-9.5	-4.8	8.15	24.86	-16.88	25.9	-86.23	53.58	27.65	14.72
Tax Paid ⓘ	4.77	0.51	0.45	0.85	-0.33	-0.34	-0.21	-0.34	-0.29	-0.17
Cash Flow From Investing Activity ⓘ	10.30	-3.62	-6.52	-8.87	-12.60	-15.32	-22.73	-25.81	-26.59	-16.57
Capex	4.47	-1.72	-7.21	-9.92	-16.81	-16.06	-23.62	-14.86	-8	-19.73
Net Investments	0	0	0.08	0	1	0	0	0	-22	0
Others ⓘ	5.82	-1.90	0.61	1.06	3.20	0.74	0.89	-10.95	3.41	3.16
Cash Flow From Financing Activityⓘ	-22.18	-57.70	-61.59	-65.16	-21.28	-75.29	47.77	-69.23	-50.87	-50.78
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-18.51	-6.56	-32.61	0	0	-53.31	70.88	0	0	0
Interest Paid ⓘ	-3.67	-51.14	-28.98	-27.10	-23.82	-21.99	-23.12	-32.38	-27.13	-24.37
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	-38.06	2.54	0	0	-36.86	-23.74	-26.41
Net Cash Flow ⓘ	0.30	-0.68	-0.10	1.92	-0.93	-0.29	0.04	-0.09	1.58	0.65

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11
Ratios
ROE (%)	-55.37	0.94	-4.44	-19.92	-21.81	21.24	7.6	-83.79	23.71	2.08
ROCE (%)	0.01	7.61	6.71	5.26	4.98	9.49	7.42	2.67	6.67	9.44
Asset Turnover Ratio	0.31	0.77	0.73	0.81	0.78	0.92	0.95	0.88	1.04	1.22
PAT to CFO Conversion(x)	N/A	134.76	N/A	N/A	N/A	12.67	-8.53	N/A	19.42	170
Working Capital Days
Receivable Days	125	42	40	47	50	37	28	22	24	26
Inventory Days	120	58	78	80	91	86	90	103	93	93
Payable Days	545	181	224	277	351	147	0	149	282	285

Arvind Products Ltd Stock News

Arvind Products Ltd FAQs

What is the share price of Arvind Products?

Company share prices are keep on changing according to the market conditions. The closing price of Arvind Products on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Arvind Products?

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 Arvind Products stood at ₹60.07.

What is the P/E ratio of Arvind Products?

The latest P/E ratio of Arvind Products as of 01-Jan-1970 05:30 is 29.74.

What is the P/B ratio of Arvind Products?

The latest P/B ratio of Arvind Products as of 01-Jan-1970 05:30 is 3.04.

What is the 52-week high and low of Arvind Products?

The 52-week high of Arvind Products is ₹7.71 and the 52-week low is ₹7.40.

What is the TTM revenue of Arvind Products?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Arvind Products is ₹678.9 ( Cr.) .

About Arvind Products Ltd

Arvind Products (APL) is a subsidiary of The Arvind Mills and is a company from the Lalbhai group, headed by Sanjay Lalbhai. The company has also introduced some unique and differentiated products such as PU coated, slubby, sulphur-dyed, yarn-dyed, blotch printing, pigment dyeing, double dyeing like reactive base with pigment topping and combinations weaves, etc. APL has added up new customers in the USA and have penetrated deep in the UK. Arvind products is into yarn and supplies most of its production to Arvind Mills. Arvind Products has been reporting losses for a few years because of heavy interest burden. This is due to huge loans taken by the company. The company is said to be doing well and is a beneficiary of the textile quota regime being scrapped.

This company operates through following independent units.

1. Ankur Textiles:

Ankur Textile was originally known as Lakshmi Cotton Mills and was taken up by the Lalbhai group in the year 1979 as a closed-sick mill. A major rehabilitation programme was drawn up to revive this closed-sick mill. Managerial and technical talent from Arvind Mills took up this challenge to rejuvenate this closed Mill. Until the year 1996 this unit was a division of Arvind Mills and is currently a division of Arvind Products.

2. Arvind Intex:

Ahmedabad-based Arvind Intex was a sick unit -- The Nagri Mills Limited -- that Arvind took over in 1991-1992, and rehabilitated since. The company produces cotton yarn for the Indian and international markets, and recently commissioned a completely modernised spinning unit to produce ring-spun yarn for the Indian market.

3. Arvind Cotspin:

Arvind Cotspin, located at Kolhapur, Maharashtra, is one of India's largest spinning mills. The company manufactures 100% cotton yarn and double yarn in a wide range of counts and varieties.

Group companies:

â€¢ Atul

â€¢ Amol Dicalite

â€¢ Anup Engineering

Business areas of the company:

The principal business segments of the company include manufacturing and marketing of Voiles fabrics, Bottomweight fabric (khakis) and yarn.