Algoquant Fintech Ltd

Algoquant Fintech Ltd

₹ 1,244 -0.35%
19 Apr - close price
About

Incorporated in 1962, Algoquant Fintech Limited is engaged in the trading of metals and trading in financial instruments. The Company is a wholly-owned subsidiary of Mandela Investment Private Limited. [1]

Key Points

Business Activities
The Co. trades in metals and manufactures hand tools such as spanners, wrenches, and screwdrivers. However, due to unfavourable business environment and to safeguard against losses the management did not engage into trading in metals during FY21.
After the change in management pursuant to indirect acquisition via Share Purchase Agreement dated October 24, 2021, the new Management engaged in the business of trading in financial instruments w.e.f. 10th February, 2021. [1] [2]

  • Market Cap 1,000 Cr.
  • Current Price 1,244
  • High / Low 1,620 / 529
  • Stock P/E
  • Book Value 43.8
  • Dividend Yield 0.00 %
  • ROCE -9.93 %
  • ROE -8.64 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 28.4 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.56% over last 3 years.
  • Promoters have pledged 31.8% of their holding.
  • Earnings include an other income of Rs.0.47 Cr.

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

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 3.24 3.98 2.02 5.11 5.28 -0.35 7.16 5.75 0.28 10.72 11.06 21.12
0.56 0.97 1.83 2.04 4.71 4.69 1.59 3.21 3.76 9.81 8.61 9.65 14.83
Operating Profit -0.56 2.27 2.15 -0.02 0.40 0.59 -1.94 3.95 1.99 -9.53 2.11 1.41 6.29
OPM % 70.06% 54.02% -0.99% 7.83% 11.17% 55.17% 34.61% -3,403.57% 19.68% 12.75% 29.78%
0.63 1.30 0.06 0.81 0.05 0.00 0.22 0.25 0.04 -0.14 0.10 0.41 0.10
Interest 0.00 0.12 0.13 0.22 0.22 0.07 0.18 0.31 0.03 1.07 1.09 1.20 1.18
Depreciation 0.00 0.00 0.00 0.00 0.01 0.03 0.05 0.05 0.05 0.07 0.10 0.16 0.51
Profit before tax 0.07 3.45 2.08 0.57 0.22 0.49 -1.95 3.84 1.95 -10.81 1.02 0.46 4.70
Tax % 14.29% 15.94% 17.31% -10.53% -13.64% -67.35% 31.28% 25.00% 8.21% 37.74% 53.92% 4.35% 8.72%
0.06 2.89 1.72 0.64 0.25 0.82 -1.34 2.87 1.79 -6.74 0.47 0.43 4.28
EPS in Rs 0.08 3.61 2.15 0.80 0.31 1.02 -1.67 3.57 2.23 -8.39 0.58 0.54 5.33
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
42.00 36.01 41.06 43.29 26.89 6.69 0.00 0.13 0.00 3.24 16.39 12.84 43.18
40.52 36.02 37.89 42.36 31.57 19.85 0.00 1.61 5.02 2.46 13.19 18.37 42.90
Operating Profit 1.48 -0.01 3.17 0.93 -4.68 -13.16 0.00 -1.48 -5.02 0.78 3.20 -5.53 0.28
OPM % 3.52% -0.03% 7.72% 2.15% -17.40% -196.71% -1,138.46% 24.07% 19.52% -43.07% 0.65%
0.02 0.17 -0.48 -0.02 0.87 0.93 51.77 0.49 1.54 3.74 0.90 0.38 0.47
Interest 1.49 1.56 1.49 1.67 1.53 1.32 0.00 0.00 0.19 0.12 0.70 1.60 4.54
Depreciation 0.66 0.65 0.62 0.60 0.60 0.59 0.00 0.04 0.21 0.00 0.04 0.22 0.84
Profit before tax -0.65 -2.05 0.58 -1.36 -5.94 -14.14 51.77 -1.03 -3.88 4.40 3.36 -6.97 -4.63
Tax % -3.08% -7.80% -25.86% -5.88% -7.91% -1.27% 0.00% 0.00% -277.06% 15.23% -2.38% 51.08%
-0.66 -2.20 0.72 -1.44 -6.40 -14.31 51.77 -1.03 -14.63 3.73 3.43 -3.42 -1.56
EPS in Rs -0.82 -2.75 0.90 -1.80 -8.00 -17.89 64.71 -1.29 -18.29 4.66 4.27 -4.26 -1.94
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: -10%
5 Years: %
3 Years: %
TTM: 142%
Compounded Profit Growth
10 Years: -5%
5 Years: %
3 Years: 22%
TTM: -126%
Stock Price CAGR
10 Years: 65%
5 Years: 160%
3 Years: 231%
1 Year: 107%
Return on Equity
10 Years: %
5 Years: -10%
3 Years: 4%
Last Year: -9%

Balance Sheet

Figures in Rs. Crores

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 1.61 1.61 1.61 1.61 1.61 1.61 1.61 1.61 1.61 1.61 1.61 1.61 1.61
Reserves 2.46 0.26 0.98 -0.47 -6.87 -21.18 30.44 29.41 14.78 18.51 31.93 32.68 33.61
14.00 18.03 16.67 15.74 14.82 11.51 0.00 0.00 0.00 0.00 0.00 30.47 24.52
12.99 10.98 12.45 12.31 13.91 16.14 9.98 1.34 3.51 5.20 9.05 7.08 7.06
Total Liabilities 31.06 30.88 31.71 29.19 23.47 8.08 42.03 32.36 19.90 25.32 42.59 71.84 66.80
6.68 6.79 6.75 6.43 6.55 5.67 1.32 1.16 0.00 0.00 1.14 1.73 4.34
CWIP 0.04 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.07 0.07 0.07 0.07 0.07 0.14 26.72 19.99 18.40 5.19 33.38 18.16 8.34
24.27 24.02 24.89 22.69 16.84 2.27 13.99 11.21 1.50 20.13 8.07 51.95 54.12
Total Assets 31.06 30.88 31.71 29.19 23.47 8.08 42.03 32.36 19.90 25.32 42.59 71.84 66.80

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.17 -2.05 3.58 2.83 2.06 3.75 -21.38 -8.15 -1.98 -17.89 20.19 -37.20
-0.75 -0.70 -0.64 -0.37 -0.70 1.19 34.04 8.28 2.80 17.12 -18.05 9.36
12.58 2.68 -2.67 -2.42 -1.78 -4.99 -12.03 -0.65 0.00 -0.12 -0.64 29.17
Net Cash Flow 14.00 -0.07 0.27 0.03 -0.42 -0.05 0.64 -0.52 0.82 -0.88 1.49 1.32

Ratios

Figures in Rs. Crores

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 50.58 53.32 44.09 43.68 43.03 22.91 0.00 93.50 0.00 0.00
Inventory Days 313.08 417.22 346.56 284.59 369.28 53.89 0.00
Days Payable 154.37 157.15 161.55 141.51 237.72 324.99
Cash Conversion Cycle 209.29 313.38 229.11 186.76 174.59 -248.18 0.00 93.50 0.00 0.00
Working Capital Days 100.98 137.95 111.74 88.78 40.45 -799.84 -3,453.46 1,617.72 -52.11 1,069.70
ROCE % 5.43% -2.05% 13.94% 2.27% -33.21% -1,804.00% 431.60% -3.27% -15.27% 16.87% 14.42% -9.93%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
65.85% 65.85% 65.85% 65.85% 65.85% 65.84% 65.91% 65.91% 65.91% 65.91% 65.91% 65.91%
0.00% 3.36% 3.20% 4.25% 4.87% 4.87% 5.24% 5.55% 5.83% 5.62% 5.62% 5.61%
1.85% 0.48% 0.08% 0.07% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
32.30% 30.31% 30.87% 29.82% 29.20% 29.21% 28.77% 28.47% 28.18% 28.41% 28.40% 28.41%
No. of Shareholders 1,7301,7372,0702,7342,8212,6942,6092,4582,3822,2852,2322,477

* 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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Documents

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