Axtel Industries Ltd

Axtel Industries is principally engaged in business of manufacturing of process engineering equipment for food Pharmaceuticals and Chemical Industries.(Source : 201903 Annual Report Page No: 48)

Pros:
Company has reduced debt.
Company is virtually debt free.
Company has good consistent profit growth of 37.93% over 5 years
Company has been maintaining a healthy dividend payout of 19.85%
Cons:

Peer Comparison Sector: Trading // Industry: Trading

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Quarterly Results Figures in Rs. Crores

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
18.73 30.78 14.44 24.16 14.39 30.06 21.37 30.28 28.97 30.13 17.83 30.83
16.86 26.33 12.76 21.88 13.09 25.22 18.86 24.86 23.19 23.96 16.54 26.10
Operating Profit 1.87 4.45 1.68 2.28 1.30 4.84 2.51 5.42 5.78 6.17 1.29 4.73
OPM % 9.98% 14.46% 11.63% 9.44% 9.03% 16.10% 11.75% 17.90% 19.95% 20.48% 7.23% 15.34%
Other Income 0.09 0.52 0.03 0.10 0.26 0.29 0.24 0.84 0.63 -0.12 0.41 0.92
Interest 0.15 0.04 0.14 0.07 0.18 0.12 0.07 0.15 0.13 0.13 0.10 0.13
Depreciation 0.66 0.80 0.55 0.55 0.67 0.61 0.66 0.70 0.72 0.71 0.60 0.66
Profit before tax 1.15 4.13 1.02 1.76 0.71 4.40 2.02 5.41 5.56 5.21 1.00 4.86
Tax % 0.00% 36.08% 0.00% 0.00% 0.00% 44.55% 0.00% 0.00% 0.00% 28.79% 29.00% 29.22%
Net Profit 1.15 2.64 1.02 1.76 0.71 2.45 2.02 5.41 5.56 3.71 0.71 3.44
EPS in Rs 0.71 1.63 0.63 1.09 0.44 1.52 1.25 3.35 3.44 2.30 0.44 0.44
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
32.33 33.69 27.05 54.09 58.41 60.03 48.01 39.23 66.93 76.11 81.50 110.75 107.76
29.40 29.95 25.08 48.62 52.19 53.27 39.07 41.52 56.61 65.43 71.41 90.87 89.79
Operating Profit 2.93 3.74 1.97 5.47 6.22 6.76 8.94 -2.29 10.32 10.68 10.09 19.88 17.97
OPM % 9.06% 11.10% 7.28% 10.11% 10.65% 11.26% 18.62% -5.84% 15.42% 14.03% 12.38% 17.95% 16.68%
Other Income 0.28 -0.02 0.07 0.02 0.10 0.33 0.20 0.23 0.22 1.17 0.68 1.59 1.84
Interest 0.35 0.27 0.33 0.45 0.92 0.71 2.18 1.94 1.37 0.75 0.50 0.48 0.49
Depreciation 0.58 0.56 0.65 0.73 0.93 1.38 2.80 3.89 3.45 2.78 2.39 2.80 2.69
Profit before tax 2.28 2.89 1.06 4.31 4.47 5.00 4.16 -7.89 5.72 8.32 7.88 18.19 16.63
Tax % 37.72% 33.56% 37.74% 43.85% 32.44% 32.60% 33.65% 4.44% 16.08% 17.91% 24.87% 28.81%
Net Profit 1.42 1.92 0.66 2.42 3.02 3.38 2.76 -7.54 4.80 6.84 5.93 12.96 13.42
EPS in Rs 1.18 1.92 0.66 2.42 3.02 3.38 2.76 0.00 2.97 4.23 3.67 8.02 6.62
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.00% 0.00% 0.00% 40.85% 18.69%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:12.64%
5 Years:18.20%
3 Years:18.28%
TTM:12.13%
Compounded Profit Growth
10 Years:21.60%
5 Years:37.93%
3 Years:42.12%
TTM:34.47%
Stock Price CAGR
10 Years:25.35%
5 Years:58.67%
3 Years:20.60%
1 Year:23.89%
Return on Equity
10 Years:13.04%
5 Years:13.56%
3 Years:21.93%
Last Year:28.99%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
8.00 10.00 10.00 10.00 10.00 10.00 10.00 16.15 16.15 16.15 16.15 16.15 16.15
Reserves 3.35 5.21 5.82 8.19 11.17 14.51 17.24 9.67 14.15 20.71 26.86 35.91 37.02
Borrowings 3.84 3.05 1.60 6.97 7.99 14.91 16.74 12.50 10.12 4.96 4.25 1.16 1.51
9.66 8.05 12.38 21.42 18.91 22.88 22.61 30.92 21.71 22.66 36.24 31.08 36.99
Total Liabilities 24.85 26.31 29.80 46.58 48.07 62.30 66.59 69.24 62.13 64.48 83.50 84.30 91.67
2.75 6.74 6.39 6.53 7.11 17.06 24.39 21.32 18.63 16.56 17.15 15.84 15.94
CWIP 2.98 0.05 0.15 1.39 3.45 2.91 0.35 0.31 0.00 0.23 0.00 0.20 0.38
Investments 0.30 0.26 0.18 0.08 0.03 0.00 0.00 0.00 0.00 3.52 14.22 14.90 21.86
18.82 19.26 23.08 38.58 37.48 42.33 41.85 47.61 43.50 44.17 52.13 53.36 53.49
Total Assets 24.85 26.31 29.80 46.58 48.07 62.30 66.59 69.24 62.13 64.48 83.50 84.30 91.67

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-3.09 -0.01 1.95 -2.09 4.84 1.26 8.28 6.69 -1.24 15.13 11.79 9.15
-2.78 -1.78 -0.45 -1.92 -3.49 -10.59 -7.51 -0.61 -0.63 -3.78 -13.12 -1.55
3.12 1.01 -1.45 4.95 2.10 6.05 -0.37 -1.44 -3.62 -5.90 -1.21 -6.50
Net Cash Flow -2.75 -0.78 0.05 0.94 3.45 -3.28 0.40 4.65 -5.49 5.44 -2.54 1.10

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 20.11% 19.19% 7.79% 22.36% 19.85% 16.68% 15.20% -14.46% 18.01% 22.06% 18.81% 39.47%
Debtor Days 77.90 80.93 62.21 110.46 79.36 104.52 133.58 121.33 99.42 85.89 90.11 64.04
Inventory Turnover 6.30 4.77 2.95 4.11 4.35 6.09 5.20 2.74 4.25 5.87 5.42 5.60