Acrow India Ltd

Acrow India Ltd

₹ 730 0.70%
28 Mar - close price
About

Incorporated in 1960, Acrow India Limited manufactures engineering items, primarily for the Sugar Industry. The company manufactures material-handling systems, sugar factory equipment, industrial storage solutions and electronic bulk-weighing systems.

Key Points

Product Portfolio:[1]
a) Material Handling Systems:
Ravalgaon Brand Sugar Graders
Ravalgaon Brand Hoppers
Ravalgaon Brand Bin System (Silo)
Ravalgaon Brand Elevators
b) Sugar Factory Equipment:
Gear Molasses Pumps
Rotary Molasses Pumps
Rotary Magma / Massecuite Pumps
Chokeless Pumps
Rapi Pol Extractor
c) Industrial Storage Solutions:
Adjustable Storage System
Drive-in / Drive-out Storage Systems
Automatic Storage & Retrieval Systems
Gravity Flow Storage Systems
Cantilever Storage Systems
d) Electronic Bulk-Weighing Machines:
E-Gross Weighing Machine
E-Net Weighing Machin

The company’s product portfolio includes Ravalgaon (sister concern) branded machinery for the sugar industry. Both Acrow and Ravalgaon are former members of The Walchand Group of Industries

  • Market Cap 46.7 Cr.
  • Current Price 730
  • High / Low 1,035 / 611
  • Stock P/E 75.4
  • Book Value 355
  • Dividend Yield 0.00 %
  • ROCE -1.80 %
  • ROE -1.48 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of -2.34% over last 3 years.
  • Earnings include an other income of Rs.2.27 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.

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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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.19 0.18 0.14 0.17 0.20 0.93 0.47 0.16 0.11 0.72 0.10 0.11 0.08
Operating Profit -0.19 -0.18 -0.14 -0.17 -0.20 -0.93 -0.47 -0.16 -0.11 -0.72 -0.10 -0.11 -0.08
OPM %
0.31 0.09 0.50 -0.05 0.20 2.13 0.15 0.36 0.43 0.65 0.54 0.42 0.66
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.06 0.06 0.06 0.06 0.06 0.06 0.04 0.05 0.05 0.05 0.04 0.10 0.08
Profit before tax 0.06 -0.15 0.30 -0.28 -0.06 1.14 -0.36 0.15 0.27 -0.12 0.40 0.21 0.50
Tax % 116.67% 20.00% -13.33% 17.86% -200.00% 18.42% 5.56% -40.00% -25.93% -66.67% 27.50% 14.29% 28.00%
-0.01 -0.13 0.34 -0.23 -0.19 0.94 -0.34 0.21 0.35 -0.20 0.28 0.18 0.36
EPS in Rs -0.16 -2.03 5.31 -3.59 -2.97 14.69 -5.31 3.28 5.47 -3.12 4.38 2.81 5.62
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
2.85 1.37 0.03 0.21 0.00 0.01 0.00 0.00 -0.10 0.00 0.00 0.00 0.00
3.16 1.75 0.86 0.98 1.55 1.17 1.10 0.67 0.71 0.68 1.44 0.83 1.01
Operating Profit -0.31 -0.38 -0.83 -0.77 -1.55 -1.16 -1.10 -0.67 -0.81 -0.68 -1.44 -0.83 -1.01
OPM % -10.88% -27.74% -2,766.67% -366.67% -11,600.00%
0.51 0.77 0.46 3.48 18.52 1.27 1.51 1.10 0.83 0.60 2.78 0.96 2.27
Interest 0.02 0.01 0.02 0.01 0.04 0.00 0.03 0.01 0.00 0.00 0.00 0.00 0.00
Depreciation 0.31 0.33 0.31 0.30 0.46 0.46 0.38 0.33 0.27 0.24 0.24 0.18 0.27
Profit before tax -0.13 0.05 -0.70 2.40 16.47 -0.35 0.00 0.09 -0.25 -0.32 1.10 -0.05 0.99
Tax % 46.15% 20.00% 7.14% 46.25% 25.99% 11.43% -133.33% -20.00% 56.25% 22.73% 140.00%
-0.07 0.04 -0.65 1.29 12.19 -0.31 0.00 0.21 -0.30 -0.14 0.86 0.02 0.62
EPS in Rs -1.09 0.62 -10.16 20.16 190.47 -4.84 0.00 3.28 -4.69 -2.19 13.44 0.31 9.69
Dividend Payout % 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: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: -25%
5 Years: -1%
3 Years: -30%
TTM: 2167%
Stock Price CAGR
10 Years: 34%
5 Years: 42%
3 Years: 79%
1 Year: -27%
Return on Equity
10 Years: -1%
5 Years: -1%
3 Years: -2%
Last Year: -1%

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 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64 0.64
Reserves 8.47 8.52 7.87 9.05 21.25 20.94 20.97 21.18 20.87 20.73 21.59 21.61 22.08
1.47 1.69 1.53 1.13 0.86 0.53 0.14 0.05 0.00 0.00 0.00 0.00 0.00
2.78 1.75 1.62 2.25 0.70 0.44 0.27 0.13 0.11 0.08 0.13 0.05 0.18
Total Liabilities 13.36 12.60 11.66 13.07 23.45 22.55 22.02 22.00 21.62 21.45 22.36 22.30 22.90
4.85 4.70 4.48 6.02 5.67 5.21 4.83 4.51 4.26 4.02 3.98 3.86 3.69
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.10 3.10 0.31 0.28 9.20 1.71 0.71 9.50 9.25 8.99 8.95 0.00 0.00
7.41 4.80 6.87 6.77 8.58 15.63 16.48 7.99 8.11 8.44 9.43 18.44 19.21
Total Assets 13.36 12.60 11.66 13.07 23.45 22.55 22.02 22.00 21.62 21.45 22.36 22.30 22.90

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
0.43 -0.83 -0.69 -0.59 -7.40 -2.09 -0.75 -0.13 -0.65 -0.64 -0.60 -1.01
0.24 -2.54 0.91 1.02 7.74 8.40 -0.08 0.66 0.79 0.41 2.02 -6.14
-0.50 0.10 -0.22 -0.46 -0.33 -0.26 0.20 -0.10 -0.05 0.00 0.00 0.00
Net Cash Flow 0.17 -3.27 0.00 -0.02 0.01 6.05 -0.63 0.44 0.09 -0.23 1.42 -7.15

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 21.77 29.31 1,216.67 139.05 21,170.00 -146.00
Inventory Days 513.83 1,407.86 16,060.00 2,469.12 1,034.17 -2,409.00 0.00
Days Payable 340.19 229.43 2,068.33 257.65 462.33
Cash Conversion Cycle 195.41 1,207.74 15,208.33 2,350.52 21,170.00 -2,555.00
Working Capital Days 286.88 1,012.41 71,783.33 10,063.57 316,455.00 6,606.50
ROCE % -1.03% -1.59% -6.32% -3.64% -6.32% -1.60% -1.32% 0.60% -0.69% -2.57% -3.81% -1.80%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
54.59% 54.59% 54.59% 54.59% 54.59% 54.59% 0.00% 54.61% 54.61% 54.61% 54.63% 54.63%
45.41% 45.41% 45.41% 45.41% 45.41% 45.41% 100.00% 45.38% 45.39% 45.39% 45.37% 45.37%
No. of Shareholders 1,4491,3761,3461,3281,3311,3241,3011,3261,3671,3841,3701,394

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