Grabal Alok Impex Ltd - Stock Valuation and Financial Performance

Name: Grabal Alok Impex
Brand: Grabal Alok Impex

BSE: 532909 | NSE: GRABALALK | Textile | Small Cap

Place order

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Grabal Alok Impex

Based on:

Data

M-Cap below 100cr DeciZen not available

Grabal Alok Impex stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

8.83

Market Cap:

45.4 Cr.

52-wk low:

20.2

52-wk high:

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 Grabal Alok Impex:

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 ^P

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 % ⓘ	13.5%	12%	10.9%	7.4%	6.1%	4.6%	4.6%	5.7%	8.8%	7.1%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	39.6	52.4	46	42.5	56.9	93.3	118	140	244	236	194
Sales YoY Gr.	-	32.5%	-12.1%	-7.7%	33.8%	64.1%	26.1%	19.1%	73.7%	-2.9%	-
Adj EPS ⓘ	5.3	4.4	4.2	4	4.9	3	5	5	10.5	7.8	2.3
YoY Gr.	-	-16.5%	-6.1%	-4.1%	22.8%	-38.1%	65.8%	0%	108.9%	-26%	-
BVPS (₹) ⓘ	22.5	22.6	24.7	22.8	30.8	53.6	60.3	59.9	62.8	67.5	66.3
Adj Net Profit ⓘ	4.3	3.7	3.5	3.3	5.6	6.3	10.9	11	23.7	17.5	5
Cash Flow from Ops. ⓘ	3.7	6.8	10.1	18	1.1	7.6	12.3	22.8	103	11.4	-
Debt/CF from Ops. ⓘ	5.8	2.8	1.7	3.9	124.1	31.4	30.7	16.7	3.1	22.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	22%	33%	26.2%	-2.9%
Adj EPS ⓘ	4.3%	9.7%	15.6%	-26%
BVPSⓘ	13%	17%	3.8%	7.6%
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 % ⓘ	19.6	14.3	13	14.3	19.8	8.4	9	8.4	17.4	11.2	3.4
Op. Profit Mgn % ⓘ	24	22.3	19.6	21	27.2	29.1	28.2	34.2	29.9	20.8	19.7
Net Profit Mgn % ⓘ	10.9	7	7.5	7.8	9.9	6.7	9.3	7.9	9.7	7.4	2.7
Debt to Equity ⓘ	0.8	0.7	0.6	3.7	4	2.2	2.9	2.9	2.2	1.7	-
Working Cap Days ⓘ	175	179	224	225	186	165	198	248	171	165	231
Cash Conv. Cycle ⓘ	108	119	163	157	127	116	121	90	32	59	176

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 %

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

Latest Financials - Grabal Alok Impex Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.3	-1.6
TTM Sales (₹ Cr.)	194	236
BVPS (₹.) ⓘ	66.3	14.7
Reserves (₹ Cr.) ⓘ	127	11
P/BV ⓘ	0.30	1.37
PE ⓘ	8.83	0.00

From the Market
52 Week Low / High (₹)	20.20 / 20.95
All Time Low / High (₹)	15.00 / 152.00
Market Cap (₹ Cr.)	45.4
Equity (₹ Cr.)	22.5
Face Value (₹)	10
Industry PE ⓘ	26.4

Management X-Ray of Grabal Alok Impex:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

58.61

59.42

58.19

53.87

27.30

29.39

72.48

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

Valuation of Grabal Alok Impex

Analyst's Notes

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

Key Ratios of Grabal Alok Impex

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	39.55	52.39	46.03	42.49	56.87	93.34	117.73	140.17	243.52	236.42
Operating Expenses ⓘ	30.05	40.97	37.20	35	43.01	66.16	84.58	92.18	181.61	187.34
Manufacturing Costs	5.21	4.45	2.75	3.35	10.24	16.55	21.62	17.38	23.41	27.75
Material Costs	23.08	32.48	29.88	25.93	23.33	37.25	44.97	56.12	126.29	134.17
Employee Cost	1.23	1.64	1.67	1.91	3.02	4.74	6.76	7.69	9.95	12.37
Other Costs ⓘ	0.53	2.39	2.91	3.81	6.42	7.62	11.23	10.99	21.96	13.05
Operating Profit ⓘ	9.50	11.43	8.83	7.49	13.87	27.18	33.15	47.99	61.91	49.07
Operating Profit Margin (%)	24.0%	21.8%	19.2%	17.6%	24.4%	29.1%	28.2%	34.2%	25.4%	20.8%
Other Income ⓘ	0.09	0.85	0.81	0.95	2.51	2.51	8.57	9.69	6.45	15.16
Interest ⓘ	2.06	2.61	2.03	2.31	3.60	8.26	12.62	25.76	26.98	20.18
Depreciation ⓘ	2.50	3.06	2.65	3.12	6.16	9.58	10.74	11.80	15.90	16.63
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	5.03	6.61	4.96	3.01	6.62	11.85	18.36	20.12	25.47	27.43
Tax ⓘ	0.72	3.09	1.62	0.69	2.12	5.17	4.76	6.16	9.26	9.78
Profit After Tax	4.31	3.52	3.34	2.33	4.50	6.68	13.60	13.95	16.20	17.65
PAT Margin (%)	10.9%	6.7%	7.3%	5.5%	7.9%	7.2%	11.5%	10.0%	6.7%	7.5%
Adjusted EPS (₹)	5.3	4.2	2.9	1.7	3.9	3.2	6.3	6.4	7.2	7.9
Dividend Payout Ratio (%)	21%	18%	26%	43%	19%	31%	13%	13%	11%	6%

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	25.82	25.82	27.41	19.19	35.11	110.36	130.55	130.79	141.15	151.86
Share Capital ⓘ	15.50	15.21	15.21	8.61	11.39	20.60	21.64	21.84	22.49	22.49
Reserves ⓘ	10.31	10.61	12.19	10.58	23.71	89.76	108.92	108.95	118.67	129.38
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	21.39	19.07	17.32	70.43	138.52	237.04	378.82	381.70	316.15	258.93
Long Term Debt	21.39	19.07	17.32	70.43	138.52	237.04	378.82	381.70	316.15	258.93
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	2.78	4.62	5.17	4.54	5.53	6.03	17.84	32.58	56.06	18.70
Others Liabilities ⓘ	1.99	7.01	6.61	15.59	10.34	13.24	14.88	17.30	48.72	74.30
Total Liabilities ⓘ	51.98	56.52	56.50	109.75	189.49	366.67	542.10	562.36	562.07	503.79
Fixed Assets
Gross Block	31.65	31.88	32.40	48.62	102.44	107.89	147.99	210.20	219.60	250.92
Accumulated Depreciation	7.64	10.70	13.35	11.92	12.94	22.45	33.14	43.88	59.78	76.36
Net Fixed Assetsⓘ	24.01	21.18	19.05	36.71	89.50	85.44	114.85	166.32	159.82	174.57
CWIP ⓘ	0.20	0.41	0.50	5.98	0.59	2.57	41.24	3.33	0.05	18.94
Investmentsⓘ	3.71	3.58	3.59	3.59	35.03	121.47	166.60	144.11	53.96	62.59
Inventories	7.85	7.78	10.81	8.77	21.90	33.93	44.24	37.77	38.14	46
Trade Receivables	10.60	14.81	13.34	12.77	6.81	12.58	16.57	42.44	45.22	37.50
Cash Equivalents ⓘ	1.23	1.37	6.11	37.28	32.55	104.64	143.98	133.64	235.56	147
Others Assetsⓘ	4.38	7.40	3.10	4.66	3.12	6.04	14.61	34.75	29.33	17.19
Total Assets ⓘ	51.98	56.52	56.50	109.75	189.49	366.67	542.10	562.36	562.07	503.79

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 ⓘ	3.68	6.77	10.05	17.99	1.12	7.55	12.33	22.82	103.25	11.40
PBT ⓘ	5.03	6.61	4.96	3.01	6.62	11.85	18.36	20.12	25.47	27.43
Adjustment ⓘ	4.60	5.22	4.08	5.88	8.93	18.98	16.22	29.21	37.52	22.42
Changes in Working Capital ⓘ	-5.59	-4.88	3.32	10.4	-13.67	-20	-18.94	-23.03	43	-28.6
Tax Paid ⓘ	-0.36	-0.57	-2.30	-1.30	-0.77	-3.29	-3.31	-3.47	-2.75	-9.85
Cash Flow From Investing Activity ⓘ	-7.01	-0.13	-0.31	-26.75	-84.16	-93.82	-125.92	10.30	-132.76	178.94
Capex	-3.51	-0.44	-0.62	-27.62	-54.84	-7.49	-78.84	-24.83	-6.12	-46.96
Net Investments	0	-0.01	-0.01	0	-31.45	-86.44	-45.11	23.08	90.16	-8.63
Others ⓘ	-3.50	0.33	0.31	0.87	2.12	0.11	-1.98	12.06	-216.80	234.53
Cash Flow From Financing Activityⓘ	3.32	-6.50	-5	39.90	78.34	159.62	143.83	-36.60	-90.71	-58.77
Net Proceeds from Shares ⓘ	4.70	0	0	0	13.57	75.11	14.99	0	0	0
Net Proceeds from Borrowing ⓘ	1.69	-2.31	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-2.06	-2.61	-1.56	-2.46	-3.45	-7.86	-11.69	-26.51	-27.30	-20.34
Dividend Paid ⓘ	-1.01	-1.58	-1.68	-1.92	-0.91	-0.96	-1.63	-2	-2.05	-2.11
Others ⓘ	0	0	-1.75	44.28	69.12	93.34	142.15	-8.08	-61.36	-36.32
Net Cash Flow ⓘ	-0.01	0.14	4.74	31.14	-4.71	73.35	30.23	-3.47	-120.23	131.57

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 (%)	27.76	19.05	17.04	11.82	16.67	9.18	11.29	10.68	11.92	12.05
ROCE (%)	16.75	20.1	15.63	7.92	7.7	7.67	7.21	8.97	10.82	10.72
Asset Turnover Ratio	0.87	0.98	0.82	0.52	0.38	0.34	0.26	0.25	0.43	0.44
PAT to CFO Conversion(x)	0.85	1.92	3.01	7.72	0.25	1.13	0.91	1.64	6.37	0.65
Working Capital Days
Receivable Days	74	87	110	110	63	38	45	77	66	64
Inventory Days	59	53	73	83	98	109	121	107	57	65
Payable Days	36	26	25	48	79	57	97	164	128	102

Grabal Alok Impex Ltd Stock News

Grabal Alok Impex Ltd FAQs

What is the share price of Grabal Alok Impex?

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

What is the market cap of Grabal Alok Impex?

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 Grabal Alok Impex stood at ₹45.42.

What is the P/E ratio of Grabal Alok Impex?

The latest P/E ratio of Grabal Alok Impex as of 01-Jan-1970 05:30 is 8.83.

What is the P/B ratio of Grabal Alok Impex?

The latest P/B ratio of Grabal Alok Impex as of 01-Jan-1970 05:30 is 0.30.

What is the 52-week high and low of Grabal Alok Impex?

The 52-week high of Grabal Alok Impex is ₹20.95 and the 52-week low is ₹20.20.

What is the TTM revenue of Grabal Alok Impex?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Grabal Alok Impex is ₹193.7 ( Cr.) .

About Grabal Alok Impex Ltd

Grabal Alok Impex (Grabal Alok), formerly known as Grabal Alok Exports, was incorporated as public limited company on December 17, 1993 in the state of Maharashtra. The company was promoted by Alok Industries, the flagship company of the Alok Group of Mumbai, in financial and technical collaboration with an Austrian collaborator Grabal, Albert Grabher Gessellschaft m.b.H and Company (Grabal Group of Austria).

Grabal Alok commenced its manufacturing activities in 1996 by setting up its first plant at Navi Mumbai with an installed capacity of 290 million stitches per annum. Over the period, Grabal Alok expanded its capacities and set up the second plant at Silvassa. In a span of a decade, Grabal Alok, emerged as one of the largest manufacturers with most modern and versatile embroidery facilities with a capacity of 9.2 billion stitches.

In December 2005, Grabal Alok acquired a 26% stake in UK-based retail company Hamsard 2353 for a consideration of â‚¤6.4 million. It has around 207 retail outlets across England, Scotland and Wales with sales of about â‚¤110 million.

Products:

Grabal Alok is a leading manufacturer of all kinds of embroidered products having wide application in home textiles, apparel fabrics and garments. The companyâ€™s products enjoy a reputation of superior quality, versatile range and intricate design among discerning customers.

Its products include:

Embroidery
Laces
Motifs

Subsidiary:

Alok Industries - Alok is one of the fastest growing vertically integrated textile companies with operations in home textiles, apparel fabrics (woven and knits), garments and polyester yarn. Grabal has been promoted by Alok Industries and has close synergy with Alok.
Grabal, Albert Grabher Gessellschaft m.b.H & Co., (Grabal Embroideries) - One of the promoting companies of Grabal. Grabal Embroideries is an embroidery company based in Austria providing technical and designing support to Grabal.
Hamsard 2353 (Hamsard) - U.K-based retail company having 207 retail outlets across England, Scotland and Wales. Grabal acquired 26% stake in the company for a consideration UK â‚¤ 6.4 million. Later it increased the stake from 26% to 75%.
Mileta International (Mileta) - Mileta is a leading Czech vertically integrated manufacturer of shirting fabrics, handkerchiefs, table linen, damasks and batistes. The Alok Group has 60% stakeholdings in Mileta.

Milestones:

1993 - Incorporated on December 17, 1993 as a public limited company.
1995 - Financial and technical collaboration with Austriaâ€™s Grabal Embroideries for the manufacture of embroidered products.
1996 - Set up its first plant in Navi Mumbai with six Zangs embroidery machines.
1998 - Floated its maiden IPO; raised Rs 270.41 lakh by issuing 27,04,100 equity shares of Rs.10 each for cash at par.
2000 - Expanded its capacities by adding four Lasser machines with an installed capacity of 435 mn stitches per annum at Navi Mumbai. Raised Rs 400 lakh from Swiss Technology Venture Capital Fund in the form of Cumulative Convertible Preference shares of Rs 240 lakh and Cumulative Redeemable Preference Shares of Rs 160 lakh.
2001 - Added 2 ZSK Multi-Head embroidery machines taking the total installed capacity to 1,451 mn stitches per annum at Navi Mumbai.
2005 - Raised FCCB aggregating $10 million.
2006 - Started a second plant at Silvassa with 12 Lasser embroidery machines, 10 Multi-Head embroidery machines and diversified into quilting with one machine. Modernized the Navi Mumbai plant by replacing eight Zangs embroidery machines with four Lasser embroidery machines. Total capacity increases to 9,248 mn stitches per annum. Acquired a stake of 26% in the UK-based Hamsard 2353. Issued 20,00,000 warrants convertible into equity shares to a foreign investor as a foreign direct investment (FDI) convertible within 18 months at a price of Rs. 109 per share.
2007 - Hikes stake from 26% to 75% in Hamsard 2353.

Latest Development:

Credit rating agency CARE provided a revised rating of â€˜A-â€™ from the previous rating of â€˜Aâ€™ to the long term bank facilities of Grabal Alok Impex.Facilities with this rating are considered to offer adequate safety for timely servicing and this rating would have strong capacity for timely payment of short-term of debt obligations and carry lowest credit risk
Also, the board of directors, at its meeting held on May 20, 2009, has approved the capital raising proposal of up to $35 million subject to the approval of the shareholders.