Ashnoor Textile Mills Ltd - Stock Valuation and Financial Performance

BSE: 507872 | NSE: | Textile | Small Cap

Ashnoor Textile Mill Share Price

44.32 -2.33 -4.99%
as on 28-Mar'24 16:01

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Ashnoor Textile Mills stock performance -

mw4me loader
P/E Ratio (SA):
6.98
Market Cap:
56.5 Cr.
52-wk low:
26.8
52-wk high:
64

Is Ashnoor Textile Mills Ltd an attractive stock to invest in?

1. Is Ashnoor Textile Mills Ltd a good quality company?

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

2. Is Ashnoor Textile Mills Ltd undervalued or overvalued?

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

3. Is Ashnoor Textile Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ashnoor Textile Mills 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 Ashnoor Textile Mill:

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.
Ashnoor Textile Mills 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 % 10.2%9.5%4.7%11.6%5.4%11.9%5.8%6.7%9.2%6.5%-
Value Creation
Index
-0.3-0.3-0.7-0.2-0.6-0.2-0.6-0.5-0.3-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 67.110197.481.588.3129137118262177129
Sales YoY Gr.-50.7%-3.7%-16.3%8.4%45.5%6.5%-13.6%121.5%-32.4%-
Adj EPS 0.21.714.11.23.42.53.974.86.4
YoY Gr.-659.1%-37.7%293.3%-69.9%172.4%-25.7%55.8%80.9%-31.9%-
BVPS (₹) 15.516.817.920.622.725.928.432.639.644.448.3
Adj Net
Profit
0.21.81.14.41.34.23.24.996.18
Cash Flow from Ops. -2.60.618.2-7.2-8.6-7.53.32.1-13.645.3-
Debt/CF from Ops. -8.648.81.4-4.7-4.7-6.318.428.3-7.21.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.4%14.9%8.9%-32.4%
Adj EPS 40.8%31.2%24.3%-31.9%
BVPS12.4%14.4%16.2%12.1%
Share Price 30.3% 23% 42.7% 57.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.510.4621.25.714.79.312.719.411.413.7
Op. Profit
Mgn %
10.74.95.211.77.510.46.99.67.28.713.2
Net Profit
Mgn %
0.41.81.25.41.53.32.34.23.43.46.3
Debt to
Equity
1.41.51.31.51.71.41.71.41.91.3-
Working Cap
Days
210137129165208178204269153214134
Cash Conv.
Cycle
101807710313211213517610215560

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 24.28%

Debt to equity has declined versus last 3 years average to 1.25

Return on Equity has declined versus last 3 years average to 13.70%

Sales growth has been subdued in last 3 years 8.93%

Sales growth is not so good in last 4 quarters at -27.28%

Latest Financials - Ashnoor Textile Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 6.4 -
TTM Sales (₹ Cr.) 129 -
BVPS (₹.) 48.3 -
Reserves (₹ Cr.) 49 -
P/BV 0.92 -
PE 6.98 -
From the Market
52 Week Low / High (₹) 26.75 / 64.03
All Time Low / High (₹) 1.00 / 110.25
Market Cap (₹ Cr.) 56.5
Equity (₹ Cr.) 12.8
Face Value (₹) 10
Industry PE 27.9

Management X-Ray of Ashnoor Textile Mill:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.002.78
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ashnoor Textile Mill

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
Sales67.13101.1497.3781.5188.33128.54136.91118.24261.86176.95
Operating Expenses 60.1096.6892.4972.6882.01115.22127.53106.91243.03161.65
Manufacturing Costs21.7428.8823.1121.1724.4435.6242.0133.6361.0543.77
Material Costs31.2153.4758.3138.9545.9366.8172.1564.01155.73101.64
Employee Cost 0.951.892.642.883.072.361.591.411.812.18
Other Costs 6.2012.458.439.688.5610.4311.787.8724.4414.06
Operating Profit 7.034.464.888.836.3213.329.3811.3318.8215.31
Operating Profit Margin (%) 10.5%4.4%5.0%10.8%7.2%10.4%6.9%9.6%7.2%8.7%
Other Income 0.091.611.091.581.980.180.320.520.510.58
Interest 5.153.191.452.112.766.242.812.463.584.16
Depreciation 1.681.262.122.632.232.342.853.083.693.92
Exceptional Items 0-0.040.32-1.430.37-0.030.030.68-0.040.16
Profit Before Tax 0.291.582.714.243.684.904.076.9812.027.97
Tax 0.170.161.521.331.500.760.841.563.071.85
Profit After Tax 0.121.421.192.912.184.143.235.428.966.12
PAT Margin (%) 0.2%1.4%1.2%3.6%2.5%3.2%2.4%4.6%3.4%3.5%
Adjusted EPS (₹)0.11.31.12.72.03.32.54.37.04.8
Dividend Payout Ratio (%)0%0%0%0%0%0%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 16.6718.0619.2522.1624.3432.3336.1241.5450.5056.62
Share Capital 10.7410.7410.7410.7410.7412.4912.7412.7412.7412.74
Reserves 5.947.328.5111.4213.6019.8423.3828.8037.7643.88
Minority Interest0000000000
Debt22.5426.7725.2032.3839.9945.5153.8954.2980.2762.49
Long Term Debt02.054.474.495.974.589.6010.6826.9426.57
Short Term Debt22.5424.7220.7327.8934.0240.9344.2843.6253.3335.91
Trade Payables8.457.276.935.839.3210.5313.1514.1220.042.77
Others Liabilities 3.114.0311.2413.1210.937.4513.7712.8928.3716.40
Total Liabilities 50.7856.1362.6273.4984.5895.82116.93122.85179.18138.27

Fixed Assets

Gross Block48.4853.4763.3765.8966.6768.6576.7671.3881.7989.79
Accumulated Depreciation36.9938.0238.9141.5342.7544.6247.3241.2544.4946.92
Net Fixed Assets11.4915.4524.4624.3623.9224.0329.4430.1337.3042.87
CWIP 00000.5400000
Investments 0.150.250.420.230.280.390.951.312.8013.70
Inventories17.9313.0613.7617.3920.4423.3331.8234.5438.7135.55
Trade Receivables13.7316.7411.3317.3523.7633.6737.3440.1469.6830.18
Cash Equivalents 2.151.647.545.412.842.732.261.439.163.80
Others Assets5.3295.118.7512.8011.6715.1215.2921.5412.18
Total Assets 50.7856.1362.6273.4984.5895.82116.93122.85179.18138.27

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2.640.5618.21-7.22-8.56-7.463.322.08-13.5845.30
PBT 0.301.622.395.673.314.934.046.3012.067.81
Adjustment 6.792.842.703.223.598.495.525.467.237.76
Changes in Working Capital -4.36-2.0715.46-12.51-12.2-14.08-6.53-5.62-31.3331.79
Tax Paid -0.17-0.16-1.52-1.33-1.50-0.76-0.84-1.56-3.07-1.85
Cash Flow From Investing Activity -0.77-5.31-10.73-2.09-1.62-2.16-12.57-3.33-17.45-23.86
Capex -0.81-5.29-10.82-2.51-1.82-1.90-8.23-3.01-10.90-9.32
Net Investments 0-0.10-0.170.19-0.05-0.11-0.56-0.36-1.48-10.90
Others 0.040.090.250.230.25-0.15-3.790.04-5.07-3.63
Cash Flow From Financing Activity 3.084.23-1.577.177.619.518.790.4138.76-26.80
Net Proceeds from Shares 3.0300001.750.25000
Net Proceeds from Borrowing 0.052.052.420.011.48-1.395.031.0716.27-0.37
Interest Paid 0000000000
Dividend Paid 0000000000
Others 02.18-3.997.166.139.153.51-0.6622.50-26.43
Net Cash Flow -0.33-0.525.91-2.13-2.57-0.11-0.47-0.847.73-5.36
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.718.196.3914.079.3714.629.4513.9619.4611.43
ROCE (%)14.4811.289.212.5710.6915.527.819.5512.558.8
Asset Turnover Ratio1.261.891.641.21.121.431.290.991.731.11
PAT to CFO Conversion(x)-220.3915.3-2.48-3.93-1.81.030.38-1.527.4
Working Capital Days
Receivable Days8255536485829512077103
Inventory Days945650707862741025177
Payable Days145544460605460784041

Ashnoor Textile Mills Ltd Stock News

Ashnoor Textile Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ashnoor Textile Mill on 28-Mar-2024 16:01 is ₹44.32.
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 Ashnoor Textile Mill stood at ₹56.53.
The latest P/E ratio of Ashnoor Textile Mill as of 28-Mar-2024 16:01 is 6.98.
The latest P/B ratio of Ashnoor Textile Mill as of 28-Mar-2024 16:01 is 0.92.
The 52-week high of Ashnoor Textile Mill is ₹64.03 and the 52-week low is ₹26.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashnoor Textile Mill is ₹129.3 ( Cr.) .

About Ashnoor Textile Mills Ltd

Ashnoor Textile Mills was incorporated on January 21, 1984 and the certificate of commencement of business was obtained on January 27, 1984. It was promoted by Vidya Sagar Gupta and Kishan Chand Aggarwal. The commpany started commercial activities in May 1984. It manufactures and exports handmade wool and silk pile carpets.

Crystal Water became a subsidiary of the company during 1986. This subsidiary undertook to manufacture water-coolers-cum-heaters under the brand name 'HOT IN COLD', Trial operations commenced in June 1987. Pelican Construction, become a subsidiary of the company during 1987-88.

The company has also diversified its activities into the field of imports, consumer durables and real estate business.

Products:

  • Terry Towels & Toweling
  • Carpet
  • Scrap

Subsidiaries:

  • Crystal Water
  • Pelican Construction
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