Ashnoor Textile Mills Ltd

Ashnoor Textile Mills Ltd

₹ 64.7 2.96%
12 Apr - close price
About

Incorporated in 1984, Ashnoor Textiles Mills Ltd manufactures and exports white terry towels[1]

Key Points

Business Overview:[1]
Company manufactures a full range of white, colored, pool and kitchen towels, catering to medium and large size hotel chains. It also exports terry towels to the US

  • Market Cap 82.5 Cr.
  • Current Price 64.7
  • High / Low 69.0 / 29.0
  • Stock P/E 10.2
  • Book Value 47.5
  • Dividend Yield 0.00 %
  • ROCE 8.75 %
  • ROE 11.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 22.5% CAGR over last 5 years
  • Debtor days have improved from 94.4 to 62.2 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

* 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: Textiles Industry: Textiles - Products

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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
41.73 43.66 48.40 63.05 73.07 76.89 73.50 44.28 23.51 35.67 31.78 30.97 30.87
38.90 40.58 44.33 58.02 67.77 72.93 69.04 41.25 20.86 30.50 26.55 27.87 27.34
Operating Profit 2.83 3.08 4.07 5.03 5.30 3.96 4.46 3.03 2.65 5.17 5.23 3.10 3.53
OPM % 6.78% 7.05% 8.41% 7.98% 7.25% 5.15% 6.07% 6.84% 11.27% 14.49% 16.46% 10.01% 11.44%
0.16 1.08 0.55 0.11 0.11 0.11 0.26 0.34 0.04 0.36 0.19 1.91 1.64
Interest 0.43 0.65 0.77 1.06 1.04 0.66 1.37 1.05 0.87 1.13 1.02 1.65 1.55
Depreciation 1.03 0.68 0.78 0.81 0.76 1.33 1.26 1.26 1.32 0.08 0.98 1.37 1.80
Profit before tax 1.53 2.83 3.07 3.27 3.61 2.08 2.09 1.06 0.50 4.32 3.42 1.99 1.82
Tax % 22.22% 20.14% 22.15% 21.41% 27.15% 33.17% 24.88% -1.89% 30.00% 27.78% 29.82% 22.11% 42.86%
1.20 2.27 2.38 2.56 2.63 1.38 1.57 1.09 0.35 3.12 2.40 1.54 1.04
EPS in Rs 0.94 1.78 1.87 2.01 2.06 1.08 1.23 0.86 0.27 2.45 1.88 1.21 0.82
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
50 92 67 101 97 82 88 129 137 118 262 177 129
48 87 60 96 92 72 82 115 128 107 243 162 112
Operating Profit 2 5 7 5 5 10 7 13 9 11 19 15 17
OPM % 4% 5% 11% 5% 5% 12% 7% 10% 7% 10% 7% 9% 13%
-0 -0 -0 1 1 -1 1 0 0 1 0 1 4
Interest 0 3 5 3 1 2 2 6 3 2 4 4 5
Depreciation 1 2 2 1 2 3 2 2 3 3 4 4 4
Profit before tax 0 0 0 2 3 4 4 5 4 7 12 8 12
Tax % 92% 82% 61% 10% 56% 31% 41% 16% 21% 22% 26% 23%
0 0 0 1 1 3 2 4 3 5 9 6 8
EPS in Rs 0.02 0.07 0.11 1.32 1.11 2.71 2.03 3.31 2.53 4.25 7.03 4.80 6.36
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 7%
5 Years: 15%
3 Years: 9%
TTM: -41%
Compounded Profit Growth
10 Years: 52%
5 Years: 23%
3 Years: 23%
TTM: 82%
Stock Price CAGR
10 Years: 38%
5 Years: 34%
3 Years: 63%
1 Year: 116%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 14%
Last Year: 11%

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 8 11 11 11 11 11 11 12 13 13 13 13 13
Reserves 6 6 6 7 9 11 14 20 23 29 38 44 48
15 20 23 27 26 34 40 47 61 59 98 71 74
14 19 12 11 18 17 20 17 20 22 31 11 13
Total Liabilities 43 55 51 56 63 73 85 96 117 123 179 138 147
12 12 11 15 24 24 24 24 29 30 37 43 41
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Investments 0 0 0 0 0 0 0 0 1 1 3 14 22
31 43 39 40 38 49 60 71 87 91 139 82 84
Total Assets 43 55 51 56 63 73 85 96 117 123 179 138 147

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
5 -4 -3 1 18 -7 -9 -7 3 2 -14 45
-1 -2 -1 -5 -11 -2 -2 -2 -13 -3 -17 -24
-3 7 3 4 -2 7 8 10 9 0 39 -27
Net Cash Flow -0 1 -0 -1 6 -2 -3 -0 -0 -1 8 -5

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 63 64 75 60 42 78 98 96 100 124 97 62
Inventory Days 187 142 124 89 86 163 162 127 161 197 91 128
Days Payable 161 140 58 50 43 55 74 58 67 81 47 10
Cash Conversion Cycle 88 67 140 100 85 186 187 166 194 240 141 180
Working Capital Days 106 84 129 99 71 143 176 148 159 217 142 146
ROCE % 2% 13% 15% 13% 9% 17% 9% 16% 8% 9% 13% 9%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
72.81% 72.81% 72.81% 72.81% 72.81% 72.81% 72.81% 72.81% 72.81% 72.81% 72.67% 72.45%
0.02% 0.02% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27.17% 27.17% 27.17% 27.17% 27.19% 27.19% 27.19% 27.19% 27.19% 27.19% 27.34% 27.55%
No. of Shareholders 16,81916,74016,72918,09816,30716,21116,08716,01015,87515,78015,73015,550

* 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.

Click on the line-items to see the names of individual entities.

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