Aayush Art and Bullion Ltd
₹ 910
0.15%
23 Jul
10:26 a.m.
About
Incorporated in 2009, Aayush Art and Bullion
Ltd manufactures and trades all types of gold, diamond and silver ornaments and jewellery[1]
Key Points
- Market Cap ₹ 1,394 Cr.
- Current Price ₹ 910
- High / Low ₹ 940 / 126
- Stock P/E 770
- Book Value ₹ 34.5
- Dividend Yield 0.00 %
- ROCE 6.21 %
- ROE 4.66 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 26.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 20.7%
- Company has a low return on equity of 3.60% over last 3 years.
- Promoters have pledged or encumbered 27.4% of their holding.
- Debtor days have increased from 48.9 to 136 days.
- Promoter holding has decreased over last 3 years: -18.2%
* 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.22 | 0.66 | 0.85 | 11.12 | 13.36 | 7.78 | 2.11 | 2.46 | 3.12 | 13.23 | 7.33 | 73.77 | |
| 0.31 | 0.86 | 1.01 | 11.08 | 13.33 | 7.76 | 2.40 | 2.53 | 3.54 | 13.23 | 7.48 | 71.32 | |
| Operating Profit | -0.09 | -0.20 | -0.16 | 0.04 | 0.03 | 0.02 | -0.29 | -0.07 | -0.42 | 0.00 | -0.15 | 2.45 |
| OPM % | -40.91% | -30.30% | -18.82% | 0.36% | 0.22% | 0.26% | -13.74% | -2.85% | -13.46% | 0.00% | -2.05% | 3.32% |
| 0.09 | 0.20 | 0.17 | 0.19 | 0.06 | 0.06 | 0.14 | 0.08 | 0.04 | 0.41 | 0.41 | 0.01 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.03 | 0.08 | 0.05 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.05 |
| Profit before tax | 0.00 | 0.00 | 0.01 | 0.20 | 0.00 | 0.02 | -0.18 | -0.01 | -0.42 | 0.38 | 0.23 | 2.41 |
| Tax % | 0.00% | 30.00% | 50.00% | 5.56% | 100.00% | 2.38% | 31.58% | -13.04% | 24.90% | |||
| 0.00 | 0.00 | 0.01 | 0.14 | -0.06 | 0.01 | -0.20 | -0.03 | -0.42 | 0.26 | 0.26 | 1.81 | |
| EPS in Rs | 0.00 | 0.00 | 1.08 | 1.26 | -0.20 | 0.03 | -0.66 | -0.10 | -1.39 | 0.86 | 0.21 | 1.18 |
| Dividend Payout % | 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: | 60% |
| 5 Years: | 104% |
| 3 Years: | 187% |
| TTM: | 906% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 62% |
| 3 Years: | 86% |
| TTM: | 596% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 205% |
| 1 Year: | 616% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 2% |
| 3 Years: | 4% |
| Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.09 | 0.09 | 0.09 | 1.11 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 12.41 | 15.31 |
| Reserves | 2.61 | 2.61 | 2.62 | 1.96 | 4.76 | 4.82 | 4.62 | 4.59 | 4.17 | 6.91 | 12.33 | 37.57 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.21 | 0.01 | 0.61 | 6.07 | 0.09 | 0.06 | 1.25 | 1.88 | 0.04 | 0.25 | 0.34 | 5.07 | |
| Total Liabilities | 2.91 | 2.71 | 3.32 | 9.14 | 7.86 | 8.31 | 8.88 | 9.48 | 7.22 | 10.17 | 25.08 | 57.95 |
| 0.00 | 0.00 | 0.00 | 0.30 | 0.22 | 0.17 | 0.15 | 0.22 | 0.11 | 0.14 | 0.12 | 0.18 | |
| 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 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 0.36 | 0.36 | 0.36 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2.91 | 2.71 | 3.32 | 8.84 | 7.28 | 7.78 | 8.37 | 8.90 | 7.11 | 10.03 | 24.96 | 57.77 | |
| Total Assets | 2.91 | 2.71 | 3.32 | 9.14 | 7.86 | 8.31 | 8.88 | 9.48 | 7.22 | 10.17 | 25.08 | 57.95 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1.02 | 0.01 | -0.40 | 0.04 | -3.56 | -0.47 | 1.44 | -0.43 | -0.70 | 3.44 | 0.25 | -40.43 | |
| 0.09 | 0.20 | 0.17 | -0.14 | -1.21 | 0.06 | -1.10 | 0.48 | 0.95 | -5.88 | -13.76 | 13.44 | |
| 0.97 | 0.00 | 0.00 | 0.22 | 4.76 | 0.42 | -0.42 | 0.00 | -0.01 | 2.48 | 14.55 | 26.35 | |
| Net Cash Flow | 0.04 | 0.20 | -0.23 | 0.12 | -0.02 | 0.00 | -0.08 | 0.04 | 0.24 | 0.03 | 1.04 | -0.64 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 331.82 | 0.00 | 266.24 | 147.38 | 99.99 | 201.74 | 332.13 | 0.00 | 0.00 | 10.76 | 0.50 | 135.57 |
| Inventory Days | 0.00 | 0.00 | 0.00 | 89.64 | 59.49 | 115.67 | 704.65 | 528.29 | 0.00 | 5.04 | 17.38 | 92.24 |
| Days Payable | 201.61 | 0.00 | 0.00 | 207.85 | 289.76 | 0.28 | 4.09 | 20.92 | ||||
| Cash Conversion Cycle | 331.82 | 0.00 | 266.24 | 35.41 | 159.48 | 317.41 | 828.94 | 238.53 | 0.00 | 15.52 | 13.79 | 206.90 |
| Working Capital Days | 4,413.18 | 1,360.45 | 1,159.41 | 86.00 | 166.38 | 354.21 | 1,217.82 | 459.96 | 412.96 | 8.83 | 691.66 | 210.28 |
| ROCE % | 0.00% | 0.00% | 0.37% | 6.92% | 0.18% | 0.37% | -2.14% | -0.13% | -5.41% | 4.44% | 1.33% | 6.21% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Director
16 Jul - Appointed Mr. Afsar Khan as Independent Director; Mr. Pradipbhai Rathod resigned on July 16, 2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
16 Jul - Appointed Mr. Afsar Khan as Independent Director; Mr. Pradipbhai Rathod resigned on July 16, 2025.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday, July 16, 2025, Pursuant To The Regulation 30 Of SEBI (LODR) Regulations, 2015 ('SEBI LODR')
16 Jul - Appointed Mr. Afsar Khan as Independent Director; Mr. Pradipbhai Rathod resigned, effective 16-07-2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Certificate filed for securities dematerialized/rematerialized for quarter ended June 30, 2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
7 Jul - Appointed Ms. Bhagyashri Agrawal as CFO and Key Managerial Personnel on July 7, 2025.
Business Overview:[1][2]
AABL was engaged in trading of textile products, primarily fabrics, and in manufacturing and processing of lace and embroidery products. Its sales model is divided into two segments:
a) Traded Goods – Includes cotton fabrics, grey cloth, etc.
b) Manufactured/Processed Goods –
Primarily lace-based knitted fabrics. To further expand its operations, the company has entered into the supply of knitted fabrics through job arrangements.
Currently, the company deals in gold, diamond and silver ornaments and jewellery