Angel Fibers Ltd

Angel Fibers Ltd

₹ 22.4 -0.88%
12 Apr - close price
About

Incorporated in 2014, Angel Fibers Ltd is in the business of manufacturing and spinning of varied Cotton Yarn[1]

Key Points

Business Overview:[1]
Company is a manufacturer and supplier of premium quality ultra-fine knitting yarn made from 100% Cotton, ring, spun, grey, single yarn in – Counts NE 20s to NE 50s – Combed and Carded (Compact) – For Knitting and Weaving

  • Market Cap 56.1 Cr.
  • Current Price 22.4
  • High / Low 32.0 / 18.2
  • Stock P/E 18.5
  • Book Value 10.6
  • Dividend Yield 0.00 %
  • ROCE -1.23 %
  • ROE -17.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.04% over past five years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 28.7% of their holding.

* 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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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
68 74 39 98 111 136 57 64 95
67 74 36 81 100 127 60 56 91
Operating Profit 1 -0 3 16 11 9 -3 8 4
OPM % 1% -0% 7% 17% 10% 7% -6% 12% 4%
2 1 2 1 3 3 1 1 2
Interest 2 3 3 3 3 2 1 2 2
Depreciation 7 7 6 6 5 5 4 4 4
Profit before tax -7 -9 -4 9 6 6 -8 3 0
Tax % 5% 4% 6% -19% -3% 38% 2% 18% -29%
-6 -8 -4 11 6 4 -8 2 1
EPS in Rs -2.48 -3.38 -1.52 4.30 2.35 1.40 -3.01 1.00 0.22
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
48 80 82 133 142 136 248 121 158
41 68 71 120 141 117 227 116 147
Operating Profit 7 12 11 12 1 19 21 5 12
OPM % 14% 15% 13% 9% 1% 14% 8% 4% 7%
3 2 4 4 3 4 6 3 4
Interest 4 2 2 4 6 6 5 3 4
Depreciation 8 10 8 12 14 12 10 9 8
Profit before tax -2 2 5 1 -15 5 11 -5 3
Tax % -128% 60% 5% 61% 4% -41% 18% -9%
-6 1 4 1 -15 7 9 -5 3
EPS in Rs -2.26 0.24 1.74 0.22 -5.86 2.77 3.75 -2.02 1.22
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: -5%
TTM: -18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 18%
TTM: 175%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: 27%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: -2%
3 Years: 15%
Last Year: -17%

Balance Sheet

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 25 25 25 25 25 25 25 25 25
Reserves -6 -0 4 4 -10 -3 6 1 2
55 49 46 98 81 72 68 55 51
7 13 20 26 27 8 6 11 11
Total Liabilities 81 87 95 154 122 102 105 93 89
57 50 42 89 76 65 59 51 48
CWIP 0 0 4 0 0 0 0 0 0
Investments 0 0 0 1 0 0 0 1 1
24 37 49 64 47 36 47 41 40
Total Assets 81 87 95 154 122 102 105 93 89

Cash Flows

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
10 4 8 24 18 14 18
-3 1 -56 -1 -3 -5 -2
-8 -4 48 -23 -15 -9 -16
Net Cash Flow -1 -0 -0 -0 0 0 0

Ratios

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 10 19 27 17 29 25 16 34
Inventory Days 169 134 173 130 54 52 45 73
Days Payable 35 59 62 75 70 17 6 38
Cash Conversion Cycle 145 94 139 73 13 60 55 69
Working Capital Days 95 85 102 78 24 72 55 79
ROCE % 5% 9% 5% -9% 12% 17% -1%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
56.47% 56.47% 56.47% 56.47% 73.91% 73.91% 73.91% 73.91% 73.91% 73.91% 73.91% 73.91%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.14% 1.14% 1.14% 0.91%
43.53% 43.53% 43.53% 43.53% 26.09% 26.09% 26.09% 26.09% 24.94% 24.96% 24.95% 25.19%
No. of Shareholders 340336340354320330304271253263275253

* 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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