A.K.Capital Services Ltd

A.K.Capital Services Ltd

₹ 887 -1.23%
19 Apr - close price
About

A.K. Capital Services Limited, incorporated in 1993, is a Flagship Company of the A.K.Group, and is registered with SEBI as a Category I Merchant Banker. It is primarily engaged in providing various fee-based services such as fund mobilisation through issue of debt, structured hybrid instruments, pass through certificates, direct assignments etc. [1]

Key Points

Service Offering
Investment Banking - Private / Public Placement of Bonds/NCDs, CPS Placement of Masala Bonds, Loan Syndication, QIPs, Foreign Institutional Debt Financing
Broking and Distribution - Institutional & HNI stock Broking, Wholesale, Debt market operations in G-Sec and Corporate Bonds, Depository Services, Retail Distribution of Fixed income products, Market making in fixed income securities.
Advisory services - Debt Portfolio management services, Investment Advisory, Private wealth management, Asset management, Retirement Trust solutions
Financing - Project Financing, SME financing, Real estate funding, etc.
Structured products - Corporate debt restructuring, Structured financing, etc.[1]

  • Market Cap 585 Cr.
  • Current Price 887
  • High / Low 1,160 / 410
  • Stock P/E 6.78
  • Book Value 1,328
  • Dividend Yield 1.35 %
  • ROCE 8.77 %
  • ROE 11.0 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.67 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.26% over past five years.
  • Company has a low return on equity of 11.2% 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

Sector: Finance Industry: Finance & Investments

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
86 78 73 82 79 88 89 97 105 116 116 124 132
24 38 22 31 26 35 33 38 36 45 40 50 53
Operating Profit 62 40 51 51 53 53 56 59 70 71 76 75 79
OPM % 72% 51% 70% 63% 67% 60% 63% 61% 66% 61% 65% 60% 60%
1 0 0 0 -0 1 0 0 0 0 0 0 0
Interest 22 21 23 22 23 24 26 29 37 38 44 46 51
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 40 17 26 27 28 27 28 29 30 31 30 27 26
Tax % 20% 22% 24% 25% 27% 19% 25% 28% 26% 21% 25% 26% 23%
32 13 20 21 21 22 21 21 22 25 22 20 20
EPS in Rs 47.52 20.11 30.09 30.80 31.00 32.76 31.55 30.80 33.26 37.18 33.77 29.77 30.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
195 194 242 252 242 336 330 421 313 288 322 407 489
129 89 134 116 102 141 98 169 126 101 114 150 188
Operating Profit 66 104 109 136 140 195 232 252 187 187 208 256 300
OPM % 34% 54% 45% 54% 58% 58% 70% 60% 60% 65% 65% 63% 61%
4 3 3 3 3 3 -0 -0 0 1 1 0 1
Interest 9 37 56 77 81 106 138 153 115 83 92 131 179
Depreciation 2 2 2 3 3 3 3 3 7 7 8 8 8
Profit before tax 59 69 53 59 59 89 91 97 65 98 109 118 114
Tax % 35% 33% 33% 30% 30% 35% 30% 26% 21% 24% 24% 25%
38 46 35 41 42 58 63 72 51 75 83 88 87
EPS in Rs 57.65 69.74 53.32 62.33 63.00 87.02 95.30 108.15 77.29 112.73 124.65 132.77 130.74
Dividend Payout % 10% 9% 11% 10% 10% 7% 6% 6% 8% 5% 6% 9%
Compounded Sales Growth
10 Years: 8%
5 Years: 4%
3 Years: 9%
TTM: 29%
Compounded Profit Growth
10 Years: 7%
5 Years: 7%
3 Years: 20%
TTM: 2%
Stock Price CAGR
10 Years: 18%
5 Years: 22%
3 Years: 37%
1 Year: 88%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 11%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 270 311 341 377 414 471 517 578 608 677 753 833 870
201 425 600 823 1,385 2,002 1,887 1,878 881 1,391 1,845 2,164 2,660
87 30 43 30 49 26 82 102 85 86 109 114 121
Total Liabilities 565 772 992 1,237 1,855 2,506 2,493 2,565 1,581 2,161 2,714 3,118 3,657
43 45 52 49 48 52 73 67 71 66 78 70 76
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 3 -0 -0
Investments 158 146 391 762 928 1,118 828 791 591 1,098 1,462 1,838 2,343
364 581 549 426 879 1,336 1,592 1,708 919 998 1,171 1,210 1,238
Total Assets 565 772 992 1,237 1,855 2,506 2,493 2,565 1,581 2,161 2,714 3,118 3,657

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-155 -200 3 103 -425 -540 345 25 966 -91 -119 45
-3 54 -149 -257 -49 28 -139 133 288 -418 -218 -230
160 183 115 144 478 508 -210 -152 -1,163 425 356 177
Net Cash Flow 2 37 -31 -9 4 -3 -3 6 91 -85 20 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 136 59 57 30 74 24 4 7 2 5 6 5
Inventory Days
Days Payable
Cash Conversion Cycle 136 59 57 30 74 24 4 7 2 5 6 5
Working Capital Days 481 937 710 468 1,045 1,235 616 784 562 744 737 472
ROCE % 18% 17% 13% 13% 9% 9% 9% 10% 9% 10% 8% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.51% 70.67% 70.67% 71.37% 71.50% 71.50% 71.50% 71.50% 71.50% 71.50% 71.50% 71.50%
29.49% 29.33% 29.33% 28.63% 28.50% 28.49% 28.50% 28.50% 28.52% 28.51% 28.50% 28.50%
No. of Shareholders 2,4432,3672,3862,3652,3412,2932,2142,1882,1692,5362,3422,557

Documents