Ambalal Sarabhai Enterprises Ltd

₹ 48.0 1.03%

25 Apr 10:56 a.m.

About

Incorporated in 1977, Ambalal Sarabhai Enterprises Ltd is in the business of manufacturing Pharmaceuticals and Electronics^[1]

Key Points

Business Overview:^[1]
ASE is a pharmaceutical health care companies, which through its group companies, manufactures and markets pharmaceutical, molecular diagnostics, and electronics products in India and abroad

Website BSE

Market Cap ₹ 368 Cr.
Current Price ₹ 48.0
High / Low ₹ 70.0 / 20.9
Stock P/E
Book Value ₹ 4.75
Dividend Yield 0.00 %
ROCE 11.5 %
ROE 13.4 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Debtor days have improved from 225 to 29.5 days.

Cons

Stock is trading at 10.0 times its book value
Company has low interest coverage ratio.
Promoter holding is low: 30.8%
Company has a low return on equity of 5.37% over last 3 years.
Working capital days have increased from -1,682 days to 286 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	0.00	0.00	0.00	0.00	0.00	0.13	1.19	0.93	1.22	0.37	1.70	0.80	0.33
	1.45	34.07	1.66	1.12	1.27	1.65	2.63	2.24	2.34	1.66	4.84	2.13	1.96
Operating Profit	-1.45	-34.07	-1.66	-1.12	-1.27	-1.52	-1.44	-1.31	-1.12	-1.29	-3.14	-1.33	-1.63
OPM %						-1,169.23%	-121.01%	-140.86%	-91.80%	-348.65%	-184.71%	-166.25%	-493.94%
	0.96	25.29	15.46	1.01	1.18	-8.19	2.37	1.99	2.79	2.60	1.18	1.96	1.33
Interest	0.15	0.12	0.06	0.03	0.03	0.13	0.03	0.01	0.02	0.05	0.03	0.04	0.06
Depreciation	0.10	0.09	0.05	0.05	0.05	0.05	0.04	0.04	0.03	0.03	0.03	0.03	0.03
Profit before tax	-0.74	-8.99	13.69	-0.19	-0.17	-9.89	0.86	0.63	1.62	1.23	-2.02	0.56	-0.39
Tax %	1.35%	0.67%	-0.29%	0.00%	0.00%	-5.36%	1.16%	17.46%	0.00%	8.94%	0.00%	0.00%	-69.23%
	-0.73	-8.93	13.74	-0.19	-0.17	-10.42	0.86	0.52	1.62	1.12	-2.02	0.56	-0.65
EPS in Rs	-0.10	-1.17	1.79	-0.02	-0.02	-1.36	0.11	0.07	0.21	0.15	-0.26	0.07	-0.08
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	21.27	16.67	15.67	15.25	6.98	1.51	0.92	0.00	0.00	0.00	0.13	3.71	3.20
	35.37	33.49	29.02	27.30	28.62	14.47	21.76	8.86	7.86	11.69	5.71	8.87	10.59
Operating Profit	-14.10	-16.82	-13.35	-12.05	-21.64	-12.96	-20.84	-8.86	-7.86	-11.69	-5.58	-5.16	-7.39
OPM %	-66.29%	-100.90%	-85.19%	-79.02%	-310.03%	-858.28%	-2,265.22%				-4,292.31%	-139.08%	-230.94%
	17.29	18.83	3.43	14.17	95.94	-0.63	24.49	6.46	24.61	3.16	9.47	9.75	7.07
Interest	8.44	6.75	9.12	7.91	1.99	2.62	1.05	0.62	0.46	0.56	0.25	0.11	0.18
Depreciation	1.40	12.48	1.52	3.36	14.62	2.45	0.42	0.40	0.39	0.38	0.19	0.15	0.12
Profit before tax	-6.65	-17.22	-20.56	-9.15	57.69	-18.66	2.18	-3.42	15.90	-9.47	3.45	4.33	-0.62
Tax %	0.00%	0.00%	0.00%	0.00%	20.80%	-10.18%	166.06%	-13.45%	2.20%	0.84%	14.49%	5.31%
	-6.65	-17.22	-20.57	-9.15	45.68	-20.57	-1.44	-3.88	15.55	-9.39	2.96	4.11	-0.99
EPS in Rs	-0.87	-2.25	-2.68	-1.19	5.96	-2.68	-0.19	-0.51	2.03	-1.23	0.39	0.54	-0.12
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-14%
5 Years:	32%
3 Years:	%
TTM:	-8%

Compounded Profit Growth
10 Years:	9%
5 Years:	19%
3 Years:	-32%
TTM:	-105%

Stock Price CAGR
10 Years:	32%
5 Years:	27%
3 Years:	24%
1 Year:	121%

Return on Equity
10 Years:	-29%
5 Years:	10%
3 Years:	5%
Last Year:	13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	76.63	76.63	76.63	76.63	76.63	76.63	76.63	76.63	76.63	76.63	76.63	76.63	76.63
Reserves	-26.16	-43.57	-64.34	-73.49	-27.80	-46.41	-47.98	-51.85	-36.39	-45.85	-42.93	-38.79	-40.23
	16.89	22.15	27.27	30.10	29.54	22.13	11.07	11.07	11.00	11.14	9.77	8.23	7.76
	91.56	87.50	97.45	103.24	65.13	63.81	91.28	102.78	73.35	58.14	39.53	33.67	32.37
Total Liabilities	158.92	142.71	137.01	136.48	143.50	116.16	131.00	138.63	124.59	100.06	83.00	79.74	76.53
	60.03	48.08	46.41	42.66	20.60	16.43	14.98	14.65	14.48	13.97	13.00	12.86	12.85
CWIP	0.10	0.10	0.10	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	58.49	57.99	56.16	56.29	82.91	76.19	55.88	55.97	56.43	26.58	25.54	25.54	25.54
	40.30	36.54	34.34	37.43	39.99	23.54	60.14	68.01	53.68	59.51	44.46	41.34	38.14
Total Assets	158.92	142.71	137.01	136.48	143.50	116.16	131.00	138.63	124.59	100.06	83.00	79.74	76.53

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-8.73	-1.01	1.43	-12.05	-69.37	-3.67	-12.66	-3.27	-4.53	-10.42	-7.79	1.70
	13.01	1.29	2.34	12.70	75.22	8.64	26.14	2.37	4.92	15.76	20.77	0.43
	-4.77	0.00	-4.00	-0.75	-2.56	-8.14	-12.15	-0.44	-0.42	-0.32	-16.46	-3.76
Net Cash Flow	-0.49	0.28	-0.23	-0.10	3.30	-3.17	1.33	-1.33	-0.03	5.02	-3.47	-1.63

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	61.78	83.64	78.26	37.34	1.57	0.00	0.00				421.15	29.51
Inventory Days	34.14	53.77	5.63	76.36	22.52	47.93	56.64				0.00	2.01
Days Payable	511.89	389.55	391.01	320.68	729.22	3,974.44	13,253.28					1,611.83
Cash Conversion Cycle	-415.97	-252.14	-307.12	-206.97	-705.13	-3,926.52	-13,196.64				421.15	-1,580.31
Working Capital Days	-877.24	-1,058.87	-1,437.41	-1,634.72	-1,490.33	-10,756.62	-19,392.61				-3,650.00	286.29
ROCE %	-13.63%	-17.80%	-22.31%	-34.09%	-59.62%	-12.82%	-21.98%	-7.41%	36.90%	-4.27%	9.93%	11.53%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	30.76%	30.76%	30.76%	30.76%	30.76%	30.76%	30.77%	30.77%	30.78%	30.78%	30.78%	30.78%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	69.24%	69.24%	69.24%	69.24%	69.24%	69.23%	69.23%	69.22%	69.22%	69.23%	69.21%	69.23%
No. of Shareholders	1,90,354	1,85,749	1,82,946	1,81,213	1,81,589	1,80,199	1,79,404	1,78,274	1,77,743	1,75,222	1,71,944	1,70,079

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	30.75%	30.75%	30.76%	30.76%	30.76%	30.76%	30.77%	30.78%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%
	69.25%	69.25%	69.24%	69.24%	69.24%	69.24%	69.22%	69.23%
No. of Shareholders	1,66,010	1,64,094	1,61,546	1,60,045	1,64,156	1,81,213	1,78,274	1,70,079

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Ambalal Sarabhai Enterprises Ltd

Ambalal Sarabhai Enterprises Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports