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Arvind Products Ltd. Stock Analysis

Small Cap
Evaluated by 103 users | BSE: 532489 | NSE: |
Textile
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11
Return on Capital Employed -3.97%5.31%4.57%3.35%2.8%7.3%5.43%-0.44%7.97%6.67%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 326382352407390447438387475620
Y-o-Y Gr. Rt.-16.9%-7.8%15.7%-4.2%14.8%-2.1%-11.5%22.5%30.6%
Adjusted EPS (Rs.) -8.630.03-0.24-0.86-0.90.880.36-2.910.470.06
Y-o-Y Gr. Rt.-NA-900%NANANA-59.1%-908.3%NA-87.2%
Book Value per Share (Rs.) 11.665.895.634.613.74.584.951.872.372.42
Adjusted Net Profit -69.80.2-1.9-7-7.37.12.9-23.53.80.5
Net Op. Cash Flow (Rs. Cr.) 24.460.668763390.3-25957968
Debt to Cash Flow from Ops 26.84.993.973.057.112-10.082.312.482.49
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Arvind Products Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.4%9.7%12.3%30.6%
Adjusted EPS NANA-45%-87.2%
Book Value per Share -16-8.1-21.22.1
Share Price -0.8% - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11
Return on Equity (%) -27.850.21-1.81-6.85-7.797.612.97-26.824.890.57
Operating Profit Margin (%) 10.4715.6916.2912.4112.3413.5412.9410.1510.448.41
Net Profit Margin (%) -21.40.06-0.55-1.71-1.871.590.67-6.070.80.07
Debt to Equity 3.042.812.552.382.61.862.512.922.472.13
Working Capital Days 293117137145162142137153145142
Cash Conversion Cycle -466-13-175611754-10-33
Entity Percentage Holding
Promoters 53.66%
Institutions 0.40%
Non-Institutions 45.94%
Pledged *93.4193.4193.4193.4193.4193.4193.4193.4193.4193.41
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Arvind Products's performance infers:

Arvind Products earnings have grown by 0%, whereas share price has appreciated 0% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Arvind Products share prices over the last 10 years. Here is what we found out:

Arvind Products share price has appreciated 0.1% annually over the past ten years.

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

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:

• Atul

• Amol Dicalite

• 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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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