APM Industries Ltd

APM Industries Ltd

₹ 59.2 -1.90%
14 Jun - close price
About

Incorporated in 1973, APM Industries Ltd deals in manufacturing and selling of manmade fibers spun yarn and sewing thread[1]

Key Points

Product Profile:[1]
APMIL manufactures Single Autoconed Spliced yarn & Double Yarn Auto Coned TFO. Its product mix includes:
a) Polyester /Viscose Blended Spun yarn in count range of 08s to 40s Single/multi-folded Fibre Dyed.
b) Polyester /Acrylic Blended Spun fibre dyed yarn in count range 18s to 40s in single/multi folded fibre dyed
c) 100% Polyester yarns in count range 8s to 40s in single & multi-folded fibre dyed
d) 100% Acrylic yarns in count range 10s to 40s in single & multi-folded fibre dyed
e) 100% Polyester Fancy Yarns

  • Market Cap 128 Cr.
  • Current Price 59.2
  • High / Low 92.0 / 47.0
  • Stock P/E 30.7
  • Book Value 79.1
  • Dividend Yield 2.70 %
  • ROCE 3.24 %
  • ROE 2.45 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.75 times its book value
  • Company has been maintaining a healthy dividend payout of 18.9%

Cons

  • The company has delivered a poor sales growth of 2.16% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 8.44% over last 3 years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
69.81 48.08 93.59 86.66 88.50 94.48 100.46 87.12 78.43 77.78 84.61 74.94 62.52
64.35 40.82 85.57 78.88 80.49 83.25 88.03 78.60 73.24 74.40 80.63 70.89 61.40
Operating Profit 5.46 7.26 8.02 7.78 8.01 11.23 12.43 8.52 5.19 3.38 3.98 4.05 1.12
OPM % 7.82% 15.10% 8.57% 8.98% 9.05% 11.89% 12.37% 9.78% 6.62% 4.35% 4.70% 5.40% 1.79%
0.62 0.04 0.27 0.43 0.68 0.36 0.35 0.25 0.67 0.26 0.61 0.15 0.45
Interest 0.76 0.78 0.82 0.58 0.62 0.51 0.30 0.32 0.55 0.57 0.62 0.59 0.68
Depreciation 1.57 1.57 1.63 1.60 1.68 1.75 1.74 1.75 1.79 1.88 1.90 1.91 1.93
Profit before tax 3.75 4.95 5.84 6.03 6.39 9.33 10.74 6.70 3.52 1.19 2.07 1.70 -1.04
Tax % 26.67% 46.87% 42.98% 31.18% 27.39% 29.26% 28.96% 30.75% 29.55% 31.09% 32.85% 30.00% 174.04%
2.75 2.63 3.33 4.15 4.64 6.60 7.63 4.64 2.48 0.82 1.39 1.19 0.77
EPS in Rs 1.27 1.22 1.54 1.92 2.15 3.06 3.53 2.15 1.15 0.38 0.64 0.55 0.36
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
291 304 313 266 248 276 270 268 237 317 360 300
251 266 282 235 228 257 256 252 221 286 323 287
Operating Profit 39 38 31 31 19 18 14 17 16 31 37 13
OPM % 14% 12% 10% 12% 8% 7% 5% 6% 7% 10% 10% 4%
1 3 3 4 11 9 4 2 1 1 2 1
Interest 3 3 2 2 2 4 4 5 4 3 2 2
Depreciation 5 5 3 3 4 5 5 6 6 6 7 8
Profit before tax 33 33 29 31 23 18 8 7 7 23 30 4
Tax % 33% 36% 34% 34% 31% 30% 9% -0% 30% 36% 30% -6%
22 21 19 20 16 13 7 7 5 15 21 4
EPS in Rs 10.21 9.92 8.73 9.30 7.42 5.81 3.40 3.32 2.22 6.83 9.88 1.93
Dividend Payout % 16% 20% 31% 38% 27% 17% 15% -0% -0% 15% 16% 26%
Compounded Sales Growth
10 Years: 0%
5 Years: 2%
3 Years: 8%
TTM: -17%
Compounded Profit Growth
10 Years: -15%
5 Years: -11%
3 Years: -4%
TTM: -80%
Stock Price CAGR
10 Years: 10%
5 Years: 14%
3 Years: 26%
1 Year: 19%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 8%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 148 164 175 184 174 186 118 127 132 147 166 167
32 17 15 29 41 47 57 52 33 35 24 29
27 32 39 34 58 61 65 58 52 54 55 52
Total Liabilities 212 216 232 252 278 298 244 241 221 240 248 251
120 121 118 120 130 145 148 157 152 160 170 173
CWIP 0 0 1 0 3 1 6 0 0 0 0 -0
Investments 8 13 33 51 58 71 -0 -0 -0 -0 -0 -0
84 83 80 80 87 80 89 84 69 79 78 79
Total Assets 212 216 232 252 278 298 244 241 221 240 248 251

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
21 32 30 23 7 27 7 21 28 15 34 8
-7 -9 -20 -23 -14 -27 -11 -9 -4 -15 -17 -8
-14 -23 -9 0 6 0 3 -11 -25 -0 -16 -1
Net Cash Flow -0 0 1 -0 0 0 -0 0 -0 -0 1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 32 31 28 33 41 35 40 31 23 23 13 12
Inventory Days 68 83 75 102 123 96 112 123 122 100 94 114
Days Payable 5 4 6 9 36 33 42 41 36 23 22 25
Cash Conversion Cycle 94 111 96 126 127 99 110 113 110 100 85 102
Working Capital Days 70 64 51 67 84 61 65 63 60 60 49 62
ROCE % 20% 20% 16% 15% 12% 10% 6% 7% 6% 15% 17%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Mar 2024
63.53% 63.53% 63.53% 63.53% 63.53% 64.30% 64.34% 64.18% 64.18% 64.18% 64.18% 64.18%
36.46% 36.46% 36.46% 36.46% 36.46% 35.70% 35.65% 35.82% 35.82% 35.82% 35.81% 35.82%
No. of Shareholders 8,1448,6829,2619,5459,3189,2069,3109,2989,2269,1129,54210,723

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