Adarsh Mercantile Ltd

Adarsh Mercantile Ltd

₹ 9.29 4.97%
25 Apr 2024
About

Adarsh Mercantile is engaged in the business of trading of goods and shares and investments in mutual funds, shares and securities.

  • Market Cap 3.41 Cr.
  • Current Price 9.29
  • High / Low 9.29 / 6.31
  • Stock P/E 1.26
  • Book Value 30.2
  • Dividend Yield 0.00 %
  • ROCE 0.09 %
  • ROE -3.88 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.31 times its book value

Cons

  • The company has delivered a poor sales growth of -23.1% over past five years.
  • Company has a low return on equity of -2.15% over last 3 years.
  • Promoters have pledged 54.3% of their holding.
  • Earnings include an other income of Rs.2.78 Cr.
  • Company has high debtors of 186 days.
  • Working capital days have increased from 510 days to 830 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
0.49 0.45 0.01 0.00 0.83 0.02 0.00 0.00 0.00 0.26 0.01 0.00 0.00
0.68 0.49 0.05 -0.05 0.87 0.02 0.08 0.06 0.01 0.32 0.05 0.02 -0.01
Operating Profit -0.19 -0.04 -0.04 0.05 -0.04 0.00 -0.08 -0.06 -0.01 -0.06 -0.04 -0.02 0.01
OPM % -38.78% -8.89% -400.00% -4.82% 0.00% -23.08% -400.00%
0.08 0.01 0.04 0.05 0.03 0.04 0.03 0.06 0.05 0.14 1.82 0.47 0.35
Interest 0.06 0.05 0.05 0.05 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06
Depreciation 0.00 0.11 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.05 0.00 0.00 0.00
Profit before tax -0.17 -0.19 -0.05 0.05 -0.07 -0.07 -0.11 -0.06 -0.02 -0.03 1.72 0.39 0.30
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -400.00% 0.00% 0.00% 0.00%
-0.22 -0.20 -0.01 0.14 -0.02 -0.07 -0.09 0.03 0.03 -0.26 2.05 0.52 0.40
EPS in Rs -0.60 -0.54 -0.03 0.38 -0.05 -0.19 -0.24 0.08 0.08 -0.71 5.58 1.41 1.09
Raw PDF
Upcoming result date: tomorrow

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1.55 0.50 0.76 1.90 0.80 0.72 1.19 1.00 0.51 0.27
1.44 0.45 0.61 1.13 0.70 0.77 1.11 0.89 0.48 0.38
Operating Profit 0.11 0.05 0.15 0.77 0.10 -0.05 0.08 0.11 0.03 -0.11
OPM % 7.10% 10.00% 19.74% 40.53% 12.50% -6.94% 6.72% 11.00% 5.88% -40.74%
0.00 0.03 0.00 0.01 0.08 0.02 0.01 0.02 0.03 2.78
Interest 0.10 0.07 0.16 0.13 0.18 0.19 0.22 0.22 0.24 0.24
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.05 0.05 0.05
Profit before tax 0.01 0.01 -0.01 0.65 0.00 -0.22 -0.24 -0.14 -0.23 2.38
Tax % 0.00% 100.00% -100.00% 18.46% 0.00% 0.00% 0.00% -52.17%
0.04 0.00 -0.01 0.53 -0.01 -0.25 -0.22 0.05 -0.28 2.71
EPS in Rs 0.11 0.00 -0.03 1.44 -0.03 -0.68 -0.60 0.14 -0.76 7.37
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -23%
3 Years: -11%
TTM: 1250%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -4%
TTM: 2810%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: -2%
3 Years: -2%
Last Year: -4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3.68 3.68 3.68 3.68 3.68 3.68 3.68 3.68 3.68 3.68
Reserves 2.01 2.01 3.35 4.02 3.61 2.75 3.16 3.55 3.54 7.43
0.50 1.38 1.34 1.00 3.05 3.32 3.12 3.67 3.65 3.65
0.14 0.08 0.17 0.35 0.33 0.32 1.02 0.18 0.65 0.58
Total Liabilities 6.33 7.15 8.54 9.05 10.67 10.07 10.98 11.08 11.52 15.34
0.00 0.00 1.52 1.79 1.18 1.19 2.56 2.51 2.47 1.06
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 2.76 3.30 4.70 4.62 6.02 5.52 6.11 6.87 7.10 7.03
3.57 3.85 2.32 2.64 3.47 3.36 2.31 1.70 1.95 7.25
Total Assets 6.33 7.15 8.54 9.05 10.67 10.07 10.98 11.08 11.52 15.34

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.57 -0.44 -0.06 -0.24 -1.10 -0.09 1.45 -0.32 -0.05
1.07 -0.40 0.22 0.71 -0.81 0.07 -1.03 -0.05 0.31
-0.46 0.81 -0.12 -0.50 1.87 0.07 -0.42 0.35 -0.26
Net Cash Flow 0.05 -0.03 0.04 -0.04 -0.04 0.05 0.00 -0.02 0.00

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0.00 0.00 4.80 7.68 91.25 116.60 269.92 0.00 186.08
Inventory Days 45.25 148.28 104.29 169.46 254.81 119.67 150.56 207.85 438.00
Days Payable 0.00 0.00 0.00 17.38 137.74 131.64 401.50 0.00 304.17
Cash Conversion Cycle 45.25 148.28 109.09 159.77 208.33 104.63 18.98 207.85 319.91
Working Capital Days 317.90 1,292.10 648.36 172.89 611.38 471.46 257.65 441.65 830.20
ROCE % 0.75% 1.94% 9.14% 1.26% -0.30% -0.20% 0.77% 0.09%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.63% 66.63% 66.63% 71.10% 71.10% 71.10% 71.10% 74.86% 74.86% 74.86% 74.86% 74.86%
33.37% 33.37% 33.37% 28.90% 28.90% 28.90% 28.90% 25.14% 25.14% 25.14% 25.14% 25.15%
No. of Shareholders 566062616060606161626365

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