Indian Acrylics Ltd

Indian Acrylics Ltd

₹ 15.9 -0.87%
21 Feb - close price
About

Incorporated in 1996, Indian Acrylics Ltd
is a manufacturer of Acrylic Fiber, Acrylic
Tow and wide range of Acrylic yarn[1]

Key Points

Business Overview:[1][2]
Company manufactures dry spun acrylic fiber range comprising staple, tow and tops in regular and high shrink. These are used in garments (especially winter wear like sweaters, shawls, etc.), work clothing, furnishing fabrics (indoor and outdoor), toys, knitting, hosiery, weaving and for manufacturing blankets, rugs and carpets

  • Market Cap 216 Cr.
  • Current Price 15.9
  • High / Low 19.4 / 7.87
  • Stock P/E
  • Book Value 4.33
  • Dividend Yield 0.00 %
  • ROCE 19.8 %
  • ROE 23.3 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.68 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.6% over past five years.
  • Company has a low return on equity of -15.0% over last 3 years.
  • Earnings include an other income of Rs.8.90 Cr.
  • Company's cost of borrowing seems high

* 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 - Manmade

Loading peers table ...

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
188.17 161.65 71.67 170.13 152.12 224.20 237.02 245.81 192.36 227.18 138.01 171.59 130.22
163.34 126.38 76.84 179.74 149.31 235.31 220.89 232.67 176.74 207.36 138.94 184.58 127.12
Operating Profit 24.83 35.27 -5.17 -9.61 2.81 -11.11 16.13 13.14 15.62 19.82 -0.93 -12.99 3.10
OPM % 13.20% 21.82% -7.21% -5.65% 1.85% -4.96% 6.81% 5.35% 8.12% 8.72% -0.67% -7.57% 2.38%
0.89 4.50 0.89 2.61 1.07 1.15 2.02 1.79 1.12 2.20 3.89 1.21 1.60
Interest 8.97 11.24 8.55 8.84 8.92 7.65 11.36 10.72 9.76 5.02 8.48 9.14 8.43
Depreciation 6.34 6.27 5.84 5.97 6.73 6.22 5.80 5.82 5.93 -1.76 3.81 3.81 3.91
Profit before tax 10.41 22.26 -18.67 -21.81 -11.77 -23.83 0.99 -1.61 1.05 18.76 -9.33 -24.73 -7.64
Tax % 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%
10.42 22.27 -18.67 -21.81 -11.76 -23.83 0.99 -1.61 1.06 18.76 -9.33 -24.74 -7.64
EPS in Rs 0.77 1.65 -1.38 -1.61 -0.87 -1.76 0.07 -0.12 0.08 1.39 -0.69 -1.83 -0.56
Raw PDF

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
501 388 627 547 544 476 523 731 744 526 618 902 667
492 371 586 544 496 429 486 701 677 467 641 838 658
Operating Profit 9 17 41 2 48 47 36 30 67 59 -23 65 9
OPM % 2% 4% 7% 0% 9% 10% 7% 4% 9% 11% -4% 7% 1%
13 13 4 7 -0 4 8 28 4 8 6 7 9
Interest 13 19 24 16 18 16 20 28 38 35 34 37 31
Depreciation 10 6 10 8 10 13 16 18 22 25 25 16 10
Profit before tax 0 4 11 -15 21 23 9 12 11 6 -76 19 -23
Tax % 0% 0% 0% 0% 0% 0% 0% 6% 4% 0% 0% 0%
0 4 11 -15 21 23 9 12 11 6 -76 19 -23
EPS in Rs 0.02 0.31 0.84 -1.11 1.52 1.73 0.65 0.86 0.79 0.46 -5.62 1.42 -1.69
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 7%
TTM: -26%
Compounded Profit Growth
10 Years: 22%
5 Years: 17%
3 Years: 21%
TTM: 2%
Stock Price CAGR
10 Years: 17%
5 Years: 15%
3 Years: 17%
1 Year: 39%
Return on Equity
10 Years: 0%
5 Years: -8%
3 Years: -15%
Last Year: 23%

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 135 135 135 135 135 135 135 135 135 135 135 135 135
Reserves -76 -72 -61 -80 -60 -37 -15 -3 7 13 -62 -43 -77
24 43 12 15 40 147 204 205 214 216 216 184 181
174 147 193 188 211 177 172 241 263 211 310 282 226
Total Liabilities 257 253 279 258 327 422 496 577 618 575 600 558 466
96 90 81 102 96 193 228 218 288 273 254 242 234
CWIP 1 2 23 2 56 1 11 58 11 3 2 1 2
Investments 0 0 0 0 0 0 0 1 1 0 0 0 0
160 161 175 154 175 227 258 301 319 299 343 315 230
Total Assets 257 253 279 258 327 422 496 577 618 575 600 558 466

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
34 19 64 8 46 15 4 76 101 11 87 53
-2 -2 -21 -9 -58 -57 -59 -58 -43 -5 -4 -1
-33 -18 -28 -8 23 46 40 -18 -54 -11 -37 -74
Net Cash Flow -1 -1 14 -9 10 4 -16 1 4 -5 47 -22

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 29 28 13 13 19 37 26 19 13 12 14 11
Inventory Days 95 133 85 83 99 157 188 140 175 276 164 127
Days Payable 126 150 121 109 138 174 153 142 166 210 201 147
Cash Conversion Cycle -3 11 -23 -14 -20 20 61 18 22 79 -23 -8
Working Capital Days -14 16 -17 -9 -7 12 47 18 16 57 -11 3
ROCE % 5% 16% 37% -2% 41% 22% 10% 6% 14% 11% -13% 20%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
62.56% 62.56% 62.56% 62.56% 62.56% 62.56% 62.57% 62.57% 62.57% 62.57% 62.57% 62.57%
0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
37.37% 37.37% 37.37% 37.37% 37.37% 37.37% 37.37% 37.37% 37.37% 37.38% 37.38% 37.37%
No. of Shareholders 98,60498,9651,05,0771,05,3221,05,4741,05,4941,05,1631,04,6041,04,8371,04,1301,03,5301,03,277

* 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.

Documents