Asit C Mehta Financial Services ltd

Asit C Mehta Financial Services ltd

₹ 179 -5.00%
06 May 2:46 p.m.
About

Incorporated in 1984, Asit C. Mehta Financial Services Ltd is in the business of providing advisory and consultancy services on Fund mobilization and restructuring of Companies
and renting vacant properties.[1]

Key Points

Business Overview:[1]
Company offers financial products, services, and solutions to Indian investors and provides advisory services in the field of corporate finance to various SMEs. The company also provides furnished office space on lease to Business users in its building Nucleus House in Mumbai

  • Market Cap 147 Cr.
  • Current Price 179
  • High / Low 216 / 98.8
  • Stock P/E
  • Book Value -12.6
  • Dividend Yield 0.00 %
  • ROCE -0.15 %
  • ROE -737 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.49% over past five years.
  • Company has a low return on equity of -15.5% over last 3 years.
  • Debtor days have increased from 56.8 to 68.5 days.

* 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

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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
7.77 7.61 9.44 8.92 6.74 9.44 6.39 7.02 6.58 9.21 7.30 11.00 10.07
6.49 6.76 7.52 7.82 7.41 7.60 7.13 8.09 8.12 9.10 9.41 11.36 11.36
Operating Profit 1.28 0.85 1.92 1.10 -0.67 1.84 -0.74 -1.07 -1.54 0.11 -2.11 -0.36 -1.29
OPM % 16.47% 11.17% 20.34% 12.33% -9.94% 19.49% -11.58% -15.24% -23.40% 1.19% -28.90% -3.27% -12.81%
0.61 7.49 0.92 0.78 3.44 2.56 0.97 0.67 2.27 0.72 0.77 1.32 1.06
Interest 2.04 1.61 1.86 1.74 2.07 2.25 2.36 2.39 2.56 2.86 2.75 2.93 3.79
Depreciation 0.51 0.48 0.41 0.41 0.42 0.43 0.88 0.90 0.89 0.39 0.39 0.38 0.40
Profit before tax -0.66 6.25 0.57 -0.27 0.28 1.72 -3.01 -3.69 -2.72 -2.42 -4.48 -2.35 -4.42
Tax % -6.06% 14.08% -19.30% -25.93% -10.71% 51.74% -1.66% 1.36% -0.37% 42.15% 2.23% 0.00% -0.45%
-0.71 5.36 0.68 -0.34 0.30 0.83 -3.06 -3.63 -2.73 -1.40 -4.39 -2.36 -4.44
EPS in Rs -1.29 4.56 -0.23 -1.02 -0.41 3.00 -3.41 -4.10 -3.11 -1.68 -5.07 -2.83 -5.14
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
3 3 5 14 31 39 47 46 31 39 41 34 38
3 2 4 11 29 32 39 33 30 27 30 32 41
Operating Profit 0 1 1 2 2 7 8 13 1 12 11 1 -4
OPM % 7% 31% 13% 16% 6% 18% 17% 28% 2% 31% 27% 4% -10%
0 0 0 1 0 0 0 0 0 -0 1 0 4
Interest 2 2 3 4 7 8 6 7 8 7 8 10 12
Depreciation 0 0 0 1 2 2 2 2 2 2 2 2 2
Profit before tax -2 -1 -2 -2 -7 -3 -1 3 -10 3 2 -10 -14
Tax % 4% 5% 3% 5% 2% -28% -21% 16% 10% 27% 36% 10%
-5 -3 -2 -2 -7 -4 -1 3 -9 2 1 -9 -13
EPS in Rs -6.17 -3.76 -2.74 -2.91 -5.40 -2.83 -0.85 1.96 -7.10 -0.05 1.32 -10.88 -14.72
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 26%
5 Years: -6%
3 Years: 3%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -22%
TTM: -41%
Stock Price CAGR
10 Years: 26%
5 Years: 56%
3 Years: 39%
1 Year: 49%
Return on Equity
10 Years: -9%
5 Years: -10%
3 Years: -15%
Last Year: -737%

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 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 38 34 31 28 23 21 27 28 20 20 1 -8 -15
16 17 21 44 62 71 75 93 78 72 107 116 122
2 3 14 53 46 52 70 71 69 63 58 46 62
Total Liabilities 61 58 72 130 135 149 177 197 172 160 170 159 173
47 46 58 72 73 72 70 69 67 63 57 55 55
CWIP 0 0 0 0 0 0 1 2 2 0 10 11 13
Investments 11 10 10 3 2 1 11 12 7 7 7 10 10
3 3 4 55 60 76 94 115 96 90 96 82 96
Total Assets 61 58 72 130 135 149 177 197 172 160 170 159 173

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
-0 -0 9 -2 -5 16 14 -9 22 -4 -3 -6
-10 0 -13 -16 -2 -7 -1 -14 10 19 -23 4
10 0 4 21 9 -10 -2 9 -20 -19 28 1
Net Cash Flow -0 0 0 2 2 -0 12 -13 12 -4 2 -1

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 40 35 79 59 20 30 14 84 27 54 48 68
Inventory Days
Days Payable
Cash Conversion Cycle 40 35 79 59 20 30 14 84 27 54 48 68
Working Capital Days -123 -122 -836 -398 -147 -94 -162 13 -276 -49 94 -52
ROCE % -0% 1% 1% 2% 0% 5% 6% 9% -1% 10% 8% -0%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.59% 74.59% 74.59% 74.59% 74.59% 74.59% 77.53% 77.53% 77.53% 77.53% 74.99% 74.99%
0.50% 0.50% 0.50% 0.50% 0.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
24.92% 24.92% 24.92% 24.92% 24.92% 25.42% 22.48% 22.47% 22.48% 22.47% 25.02% 25.02%
No. of Shareholders 8798709882,9622,6462,1902,0201,9971,9271,8512,0582,188

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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