Ajanta Soya Ltd

₹ 48.0 -0.31%
05 Aug - close price
About

Ajanta Soya Ltd is primarily engaged in the business of manufacturing of Vanaspati and various kinds of cooking oil with shortening products for bakery like biscuits, puffs, pastries and other applications.[1]

Key Points

Product Portfolio
The company's product portfolio includes Vanaspati oil[1] and various kinds of cooking oils made of mustard, soybean, palm, rice bran, cotton seed, sunflower and groundnut in various packaging sizes.[2] It also manufactures various kinds of shortening products for bakery like biscuits, puffs, pastries and other applications.[3]

  • Market Cap 386 Cr.
  • Current Price 48.0
  • High / Low 69.4 / 20.8
  • Stock P/E 9.15
  • Book Value 15.3
  • Dividend Yield 0.00 %
  • ROCE 49.4 %
  • ROE 41.7 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 46.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 35.2%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Contingent liabilities of Rs.160 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: Edible Oil Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
178.58 187.56 175.43 195.95 201.19 190.30 239.79 240.50 260.80 336.59 370.49 308.63 329.44
173.74 186.09 168.49 191.75 197.93 189.13 230.96 229.96 245.01 323.15 355.46 300.14 318.92
Operating Profit 4.84 1.47 6.94 4.20 3.26 1.17 8.83 10.54 15.79 13.44 15.03 8.49 10.52
OPM % 2.71% 0.78% 3.96% 2.14% 1.62% 0.61% 3.68% 4.38% 6.05% 3.99% 4.06% 2.75% 3.19%
5.16 1.57 -0.26 0.70 -0.46 1.23 1.74 2.02 2.65 0.37 2.59 0.89 1.31
Interest 1.17 0.75 0.55 1.12 0.55 0.53 0.89 0.55 -0.20 0.18 0.49 0.17 0.04
Depreciation 0.38 0.39 0.41 0.40 0.40 0.40 0.40 0.41 0.42 0.45 0.45 0.48 0.51
Profit before tax 8.45 1.90 5.72 3.38 1.85 1.47 9.28 11.60 18.22 13.18 16.68 8.73 11.28
Tax % 46.51% 29.47% 20.45% 34.62% 8.11% 53.74% 21.23% 33.88% 48.02% 34.14% -11.99% 33.91% 19.41%
Net Profit 4.52 1.34 4.56 2.21 1.69 0.68 7.31 7.67 9.47 8.68 18.67 5.77 9.08
EPS in Rs 0.56 0.17 0.57 0.27 0.21 0.08 0.91 0.95 1.18 1.08 2.32 0.72 1.13

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
302 370 418 473 553 579 700 346 695 760 931 1,345
299 366 416 470 549 573 694 346 692 744 895 1,298
Operating Profit 3 4 2 3 3 6 6 0 2 16 36 47
OPM % 1% 1% 1% 1% 1% 1% 1% 0% 0% 2% 4% 4%
1 1 1 2 2 3 8 6 5 2 8 5
Interest 1 3 2 1 1 1 1 1 5 3 2 1
Depreciation 1 1 1 2 2 1 1 1 2 2 2 2
Profit before tax 1 0 1 2 2 7 11 4 2 13 41 50
Tax % 42% 55% -0% 27% -13% 28% 35% 75% 125% 24% 38% 15%
Net Profit 0 0 1 1 3 5 7 1 -0 10 25 42
EPS in Rs 0.08 0.04 0.07 0.18 0.33 0.66 0.92 0.12 -0.05 1.22 3.12 5.24
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 14%
5 Years: 14%
3 Years: 25%
TTM: 44%
Compounded Profit Growth
10 Years: 71%
5 Years: 46%
3 Years: 155%
TTM: 70%
Stock Price CAGR
10 Years: 39%
5 Years: 45%
3 Years: 122%
1 Year: 107%
Return on Equity
10 Years: 20%
5 Years: 24%
3 Years: 35%
Last Year: 42%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
12 12 16 16 16 16 16 16 16 16 16 16
Reserves 9 9 11 12 11 16 25 29 28 38 63 107
22 32 12 3 16 16 1 30 24 3 3 -0
11 8 35 64 49 59 70 42 87 60 78 141
Total Liabilities 54 61 73 95 92 107 112 117 155 117 160 265
11 10 16 14 10 10 10 32 32 31 35 40
CWIP -0 3 0 -0 0 -0 -0 -0 -0 1 1 -0
Investments 3 3 3 11 15 22 24 5 5 5 18 24
39 44 55 70 67 76 79 80 118 81 106 200
Total Assets 54 61 73 95 92 107 112 117 155 117 160 265

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-8 4 17 23 -15 11 21 -45 22 21 22 25
-1 -11 -1 -8 -1 -6 -12 10 -4 0 -23 -25
9 7 -16 -12 13 -1 -11 33 -11 -26 4 -1
Net Cash Flow -0 -0 0 3 -2 4 -3 -2 7 -5 2 -0

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 18 15 21 14 15 11 11 16 15 8 7 6
Inventory Days 25 16 17 26 22 29 17 48 30 21 18 38
Days Payable 11 5 5 2 2 8 3 10 10 4 3 37
Cash Conversion Cycle 32 26 33 38 35 32 25 54 35 25 21 8
Working Capital Days 30 25 10 -7 6 2 -8 31 4 4 4 11
ROCE % 6% 7% 5% 9% 9% 18% 24% 6% 2% 25% 60% 49%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
46.85 46.85 46.85 46.85 46.85 46.85 46.85 46.85 46.85 46.85 46.85 46.85
53.15 53.14 53.15 53.15 53.15 53.15 53.15 53.15 53.15 53.15 53.15 53.15

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