Aarnav Fashions Ltd

Aarnav Fashions Ltd

₹ 28.1 -0.57%
18 Apr - close price
About

Incorporated in 1980, Aarnav Fashions Ltd is in the business of Textiles[1]

Key Points

Business Overview:[1][2]
AFL is a part of Aarnav Group which offers wide range of products in textiles, shirting, suiting, quilts, dohars, bed sheets, kid’s and women’s wear all woven. Company is in the business of manufacturing, distribution and marketing of textile products.

  • Market Cap 119 Cr.
  • Current Price 28.1
  • High / Low 41.3 / 24.6
  • Stock P/E
  • Book Value 41.4
  • Dividend Yield 0.00 %
  • ROCE 3.98 %
  • ROE 0.25 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.68 times its book value
  • Debtor days have improved from 178 to 113 days.
  • Company's working capital requirements have reduced from 187 days to 150 days

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.36% 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: Textiles Industry: Textiles - Products

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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
8.62 14.18 5.87 101.71 114.37 147.80 116.51 100.01 68.50 111.89 78.67 97.08 80.55
7.47 13.03 5.05 94.75 106.17 137.89 108.02 92.70 62.64 113.87 73.43 90.20 73.81
Operating Profit 1.15 1.15 0.82 6.96 8.20 9.91 8.49 7.31 5.86 -1.98 5.24 6.88 6.74
OPM % 13.34% 8.11% 13.97% 6.84% 7.17% 6.71% 7.29% 7.31% 8.55% -1.77% 6.66% 7.09% 8.37%
0.00 0.38 0.00 0.01 0.03 0.00 0.07 0.07 0.01 0.18 0.06 0.06 0.06
Interest 0.00 0.00 0.00 3.28 2.81 2.32 3.03 2.84 2.69 2.88 3.19 2.80 3.08
Depreciation 0.00 0.00 0.00 1.90 1.82 1.86 1.92 1.95 1.60 2.16 1.78 1.71 1.88
Profit before tax 1.15 1.53 0.82 1.79 3.60 5.73 3.61 2.59 1.58 -6.84 0.33 2.43 1.84
Tax % 25.22% 33.33% 25.61% 25.70% 26.11% 26.53% 29.09% 27.03% 13.29% 20.61% 27.27% 25.10% 25.54%
0.86 1.03 0.61 1.33 2.66 4.21 2.56 1.88 1.37 -5.43 0.23 1.82 1.36
EPS in Rs 0.57 0.69 0.41 0.89 1.77 2.81 1.71 1.25 0.32 -1.29 0.05 0.43 0.32
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
0 1 0 0 1 1 1 2 35 249 419 397 368
0 1 0 0 1 0 0 1 32 232 387 377 351
Operating Profit 0 0 0 0 0 0 0 0 3 17 32 20 17
OPM % 1% 17% 9% 23% 26% 16% 9% 7% 8% 5% 5%
0 0 0 0 0 0 0 0 0 1 0 0 0
Interest 0 0 0 0 0 0 0 0 0 6 12 11 12
Depreciation 0 0 0 0 0 0 0 0 0 4 7 8 8
Profit before tax 0 0 0 0 0 0 0 0 3 8 13 1 -2
Tax % 0% 25% 40% 29% 31% 28% 24% 32% 26% 60%
0 0 0 0 0 0 0 0 2 5 9 0 -2
EPS in Rs 0.00 0.41 0.00 0.10 0.10 0.33 0.40 0.60 1.55 3.55 6.21 0.09 -0.49
Dividend Payout % 0% 0% 0% 0% 0% 0% 32% 40% 23% 0%
Compounded Sales Growth
10 Years: 83%
5 Years: 261%
3 Years: 124%
TTM: -15%
Compounded Profit Growth
10 Years: 46%
5 Years: 30%
3 Years: -43%
TTM: -120%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -29%
1 Year: -15%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 3%
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 0 0 0 3 3 3 3 3 15 42 42 42 42
Reserves 0 0 0 0 0 0 0 1 6 123 131 130 132
0 0 0 0 0 0 0 0 0 143 153 127 119
0 -0 -0 0 0 0 0 0 12 156 160 119 126
Total Liabilities 0 0 0 3 3 4 4 4 33 464 486 419 420
0 0 0 0 0 0 0 0 0 146 139 134 132
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 12 12 12 12
0 0 0 3 3 4 3 4 32 306 335 272 275
Total Assets 0 0 0 3 3 4 4 4 33 464 486 419 420

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
0 -3 0 -0 0 -0 -15 -58 15 44
0 0 0 -0 -0 0 -0 -161 -1 -3
0 3 0 0 0 -0 15 223 -13 -42
Net Cash Flow 0 0 0 -0 0 0 -0 4 2 -2

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 0 0 0 212 0 323 125 271 150 113
Inventory Days 0 584 0 0 0 127 0 161 149 149
Days Payable 0 127 165 155 118
Cash Conversion Cycle 0 584 0 212 0 323 125 266 144 144
Working Capital Days 0 4,951 1,761 1,690 1,752 781 212 253 160 150
ROCE % 0% 4% 0% 2% 1% 4% 5% 7% 25% 8% 8% 4%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
27.21% 27.21% 27.21% 27.21% 27.21% 27.21% 27.21% 72.47% 72.44% 72.44% 72.44% 72.44%
72.79% 72.79% 72.79% 72.79% 72.79% 72.79% 72.80% 27.52% 27.56% 27.56% 27.56% 27.56%
No. of Shareholders 75387194251,04057,83851,41447,27344,25042,12040,08437,74535,709

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