Amit International Ltd

Amit International Ltd

₹ 3.80 -3.80%
16 Apr 4:01 p.m.
About

Incorporated in 1994, Amit International Ltd manufactures and exports Hosiery items[1]

Key Points

Business Overview:[1]
Company used to procure goods from China and export 100% of its Socks production to USA and Europe (Germany, France, Netherland, and U.K). But due to competition from Pakistan & Bangladesh, operations were not viable and company decided to stop the production. At present, company is looking for some projects in spinning and dying of yarn

  • Market Cap 7.20 Cr.
  • Current Price 3.80
  • High / Low 6.09 / 2.23
  • Stock P/E 20.0
  • Book Value 10.3
  • Dividend Yield 0.00 %
  • ROCE 0.20 %
  • ROE 0.15 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.37 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 17.5%
  • Company has a low return on equity of 0.50% 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

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
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.07 0.09 0.03 0.05 0.08 0.03 0.06 0.10 0.03 0.05 0.03 0.08 0.05
Operating Profit -0.07 -0.09 -0.03 -0.05 -0.08 -0.03 -0.06 -0.10 -0.03 -0.05 -0.03 -0.08 -0.05
OPM %
0.00 0.42 0.00 0.00 0.27 0.14 0.00 0.00 -0.05 0.30 0.08 0.09 0.10
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.07 0.33 -0.03 -0.05 0.19 0.11 -0.06 -0.10 -0.08 0.25 0.05 0.01 0.05
Tax % 0.00% 9.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.07 0.30 -0.03 -0.05 0.19 0.11 -0.06 -0.10 -0.08 0.25 0.05 0.01 0.05
EPS in Rs -0.04 0.16 -0.02 -0.03 0.10 0.06 -0.03 -0.05 -0.04 0.13 0.03 0.01 0.03
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
1.65 0.63 0.00 0.74 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.83 0.78 0.11 0.98 0.22 0.17 0.17 0.12 0.46 0.29 0.25 0.25 0.21
Operating Profit -0.18 -0.15 -0.11 -0.24 -0.19 -0.17 -0.17 -0.12 -0.46 -0.29 -0.25 -0.25 -0.21
OPM % -10.91% -23.81% -32.43% -633.33%
0.29 -1.05 0.16 0.22 0.13 0.19 0.25 0.52 0.59 0.45 0.41 0.29 0.57
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.06 0.04 0.07 0.12 0.12 0.09 0.09 0.09 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.05 -1.24 -0.02 -0.14 -0.18 -0.07 -0.01 0.31 0.13 0.16 0.16 0.04 0.36
Tax % 40.00% 23.39% -200.00% 0.00% 0.00% -14.29% 0.00% 0.00% 23.08% 18.75% 18.75% 25.00%
0.04 -0.95 -0.06 -0.14 -0.18 -0.08 -0.01 0.31 0.10 0.13 0.13 0.03 0.36
EPS in Rs 0.02 -0.50 -0.03 -0.07 -0.09 -0.04 -0.01 0.16 0.05 0.07 0.07 0.02 0.20
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: -20%
5 Years: 38%
3 Years: -33%
TTM: 377%
Stock Price CAGR
10 Years: -6%
5 Years: 3%
3 Years: 16%
1 Year: 37%
Return on Equity
10 Years: 0%
5 Years: 1%
3 Years: 1%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

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 18.95 18.95 18.95 18.95 18.95 18.95 18.95 18.95 18.95 18.95 18.95 18.95 18.95
Reserves 1.36 0.40 0.35 0.21 0.03 -0.05 -0.06 0.11 0.23 0.43 0.57 0.60 0.65
0.56 0.45 0.12 0.05 0.08 0.16 0.05 0.01 0.09 0.00 0.05 0.03 0.03
0.85 0.06 0.03 0.09 0.26 0.01 0.05 0.01 0.13 0.16 0.19 0.17 0.19
Total Liabilities 21.72 19.86 19.45 19.30 19.32 19.07 18.99 19.08 19.40 19.54 19.76 19.75 19.82
0.57 0.53 0.49 0.40 0.30 0.22 0.13 0.04 0.04 0.04 0.04 0.04 0.04
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 6.53 4.28 4.28 5.31 5.31 5.31 5.76 5.61 5.63 5.71 5.73 5.73 5.73
14.62 15.05 14.68 13.59 13.71 13.54 13.10 13.43 13.73 13.79 13.99 13.98 14.05
Total Assets 21.72 19.86 19.45 19.30 19.32 19.07 18.99 19.08 19.40 19.54 19.76 19.75 19.82

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.38 1.18 -0.33 0.71 0.02 -0.29 -1.44 -0.23 -1.10 -0.23 -0.79 -0.38
-1.34 0.91 0.14 0.22 0.10 0.16 0.25 0.60 0.61 0.46 -4.18 0.28
0.11 -2.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow 0.15 -0.02 -0.19 0.93 0.12 -0.12 -1.19 0.37 -0.50 0.24 -4.97 -0.10

Ratios

Figures in Rs. Crores

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 460.12 162.22 182.50 1,825.00
Inventory Days 61.20 0.00 0.00 0.00
Days Payable 0.00
Cash Conversion Cycle 521.32 162.22 182.50 1,825.00
Working Capital Days 2,922.21 8,226.98 5,933.72 131,400.00
ROCE % 0.07% -0.05% -0.10% -0.72% -0.94% -0.37% -0.05% 1.63% 0.68% 0.83% 0.82% 0.20%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49%
82.51% 82.51% 82.51% 82.51% 82.51% 82.51% 82.51% 82.51% 82.50% 82.51% 82.50% 82.50%
No. of Shareholders 1,6101,6171,6791,7011,7471,9211,9222,0472,1352,1902,2252,273

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