Arex Industries Ltd
Incorporated in 1989, Arex Industries Ltd manufactures and trades in woven and printed labels used by garment manufacturers
- Market Cap ₹ 59.8 Cr.
- Current Price ₹ 151
- High / Low ₹ 198 / 0.00
- Stock P/E 29.0
- Book Value ₹ 64.8
- Dividend Yield 0.00 %
- ROCE 11.9 %
- ROE 9.18 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 56.1 days to 29.6 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 1.63% over past five years.
- Company has a low return on equity of 6.60% 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.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
31.70 | 33.04 | 32.15 | 34.94 | 37.66 | 40.72 | 47.17 | 40.88 | 53.75 | 45.02 | 51.01 | 51.14 | 49.45 | |
23.16 | 25.22 | 24.44 | 26.45 | 29.62 | 31.10 | 37.89 | 34.02 | 42.53 | 38.20 | 41.93 | 42.94 | 42.04 | |
Operating Profit | 8.54 | 7.82 | 7.71 | 8.49 | 8.04 | 9.62 | 9.28 | 6.86 | 11.22 | 6.82 | 9.08 | 8.20 | 7.41 |
OPM % | 26.94% | 23.67% | 23.98% | 24.30% | 21.35% | 23.62% | 19.67% | 16.78% | 20.87% | 15.15% | 17.80% | 16.03% | 14.98% |
-0.13 | 0.08 | 0.06 | -0.06 | 0.11 | 0.42 | 0.15 | 0.08 | 0.04 | 0.23 | 0.10 | 0.69 | 0.69 | |
Interest | 1.07 | 0.77 | 0.72 | 1.02 | 1.09 | 2.54 | 3.13 | 2.98 | 2.11 | 1.81 | 1.33 | 1.09 | 1.12 |
Depreciation | 4.05 | 3.13 | 2.54 | 2.51 | 2.54 | 4.02 | 4.85 | 4.76 | 4.49 | 4.23 | 4.16 | 4.13 | 4.19 |
Profit before tax | 3.29 | 4.00 | 4.51 | 4.90 | 4.52 | 3.48 | 1.45 | -0.80 | 4.66 | 1.01 | 3.69 | 3.67 | 2.79 |
Tax % | 33.13% | 32.50% | 36.36% | 34.29% | 23.67% | 27.59% | 38.62% | 25.00% | 20.60% | 30.69% | 31.17% | 28.07% | |
2.20 | 2.69 | 2.87 | 3.22 | 3.45 | 2.52 | 0.88 | -1.00 | 3.70 | 0.70 | 2.54 | 2.63 | 2.06 | |
EPS in Rs | 5.56 | 6.80 | 7.25 | 8.13 | 8.71 | 6.37 | 2.22 | -2.53 | 9.35 | 1.77 | 6.42 | 6.64 | 5.21 |
Dividend Payout % | 16.20% | 13.25% | 41.39% | 24.60% | 22.96% | 31.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 2% |
3 Years: | -2% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | 0% |
5 Years: | 25% |
3 Years: | -11% |
TTM: | -34% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 10% |
3 Years: | -13% |
1 Year: | -21% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3.96 | 3.96 | 3.96 | 3.96 | 3.96 | 3.96 | 3.96 | 3.96 | 3.96 | 3.96 | 3.96 | 3.60 |
Reserves | 10.53 | 12.79 | 14.23 | 17.67 | 20.21 | 21.76 | 21.69 | 20.70 | 24.41 | 25.11 | 27.65 | 22.07 |
8.85 | 5.57 | 10.30 | 12.97 | 29.96 | 35.38 | 32.00 | 31.06 | 23.32 | 17.75 | 10.49 | 12.34 | |
3.67 | 2.80 | 4.99 | 3.39 | 5.35 | 6.42 | 6.53 | 6.94 | 6.77 | 5.88 | 8.06 | 8.61 | |
Total Liabilities | 27.01 | 25.12 | 33.48 | 37.99 | 59.48 | 67.52 | 64.18 | 62.66 | 58.46 | 52.70 | 50.16 | 46.62 |
15.07 | 13.68 | 17.68 | 20.15 | 17.78 | 46.36 | 43.21 | 39.41 | 36.14 | 33.39 | 30.36 | 26.99 | |
CWIP | 0.35 | 0.00 | 1.80 | 0.00 | 23.85 | 0.00 | 0.00 | 0.00 | 0.49 | 0.00 | 0.03 | 0.88 |
Investments | 0.02 | 0.03 | 1.03 | 1.26 | 0.12 | 0.02 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 |
11.57 | 11.41 | 12.97 | 16.58 | 17.73 | 21.14 | 20.97 | 22.24 | 21.83 | 19.31 | 19.77 | 18.75 | |
Total Assets | 27.01 | 25.12 | 33.48 | 37.99 | 59.48 | 67.52 | 64.18 | 62.66 | 58.46 | 52.70 | 50.16 | 46.62 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4.30 | 4.83 | 7.16 | 2.59 | 7.73 | 6.83 | 9.79 | 7.48 | 10.46 | 8.12 | 9.50 | 8.91 | |
-4.39 | -1.32 | -9.29 | -3.28 | -22.81 | -8.17 | -1.57 | -1.86 | -0.60 | -0.73 | -0.94 | -0.79 | |
0.10 | -3.45 | 2.05 | 1.02 | 14.94 | 1.07 | -8.19 | -5.65 | -9.85 | -7.38 | -8.59 | -8.09 | |
Net Cash Flow | 0.01 | 0.06 | -0.08 | 0.33 | -0.15 | -0.26 | 0.02 | -0.03 | 0.01 | 0.00 | -0.03 | 0.02 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 68.62 | 62.53 | 80.27 | 82.21 | 79.96 | 94.12 | 82.64 | 103.21 | 64.10 | 66.00 | 68.41 | 57.60 |
Inventory Days | 110.40 | 107.11 | 137.21 | 139.33 | 126.72 | 201.12 | 198.88 | 224.84 | 228.87 | 234.62 | 191.74 | 194.58 |
Days Payable | 6.63 | 3.77 | 19.66 | 17.54 | 31.68 | 81.26 | 100.09 | 107.42 | 92.02 | 82.61 | 94.31 | 113.61 |
Cash Conversion Cycle | 172.39 | 165.87 | 197.82 | 204.00 | 175.00 | 213.98 | 181.42 | 220.64 | 200.95 | 218.01 | 165.84 | 138.57 |
Working Capital Days | 42.14 | 43.53 | 32.36 | 53.90 | 64.55 | 68.48 | 65.00 | 82.32 | 51.95 | 74.99 | 63.83 | 29.55 |
ROCE % | 20.35% | 20.81% | 20.55% | 19.21% | 12.62% | 9.86% | 7.65% | 3.78% | 12.64% | 5.52% | 11.27% | 11.88% |
Documents
Announcements
- Unaudited Financial Results For The Quarter Ended On 30Th June, 2025 13 Aug
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Book Closure For Ensuing Annual General Meeting Scheduled To Be Held On 29Th September, 2025
13 Aug - Q1 FY26 results, MDs re-appointed, AGM on Sept 29, MoA amended for packaging business.
-
Announcement under Regulation 30 (LODR)-Change in Management
13 Aug - Q1 FY25 results, MDs re-appointed, MoA amended, AGM scheduled Sep 29, 2025.
-
Annual General Meeting Scheduled To Be Held On 29Th September, 2025
13 Aug - Q1 FY25 results, MDs re-appointed, MoA amended for packaging business, AGM scheduled Sept 29, 2025.
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
13 Aug - Board approved adding packaging materials to MoA; shareholder approval at AGM on 29 Sept 2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from bse
Product Profile:[1]
Company provides 414 million Woven Labels annually of Satin or Taffeta quality in White, Black or Colored Warp-base in 12 Colors. These labels are provided in range of finishes viz., End Fold, Center Fold, Miter Fold, Manhattan Fold, Starched, Specially Coated, Self Adhesive, Thermo Adhesive, Laser Cut, Die Cut, Filled In, Comfort Soft