Amin Tannery Ltd

Amin Tannery Ltd

₹ 2.59 1.97%
19 Apr - close price
About

Incorporated in 2013, Amin Tannery Ltd manufactures and exports Leather and Leather shoe/ uppers

Key Points

Product Profile:[1]
a) Finished Leather:[2] Different colors and models of finished leather
b) Leather Shoes:[3] Shoes and Boots made of pure leather

  • Market Cap 28.0 Cr.
  • Current Price 2.59
  • High / Low 3.09 / 1.89
  • Stock P/E 73.6
  • Book Value 1.14
  • Dividend Yield 0.00 %
  • ROCE 5.25 %
  • ROE 3.02 %
  • Face Value 1.00

Pros

  • Debtor days have improved from 108 to 69.1 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 1.89% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 50.8% 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: Leather Industry: Leather / Leather 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
7.74 10.86 8.31 8.96 10.00 11.90 11.67 12.38 13.78 14.80 14.06 10.11 11.19
6.90 9.81 7.74 8.28 9.05 11.43 10.93 11.61 12.89 13.89 13.21 9.38 10.44
Operating Profit 0.84 1.05 0.57 0.68 0.95 0.47 0.74 0.77 0.89 0.91 0.85 0.73 0.75
OPM % 10.85% 9.67% 6.86% 7.59% 9.50% 3.95% 6.34% 6.22% 6.46% 6.15% 6.05% 7.22% 6.70%
0.00 0.07 0.01 0.02 0.00 0.00 0.00 0.04 0.00 0.00 0.00 0.00 0.00
Interest 0.24 0.25 0.18 0.31 0.51 0.15 0.33 0.38 0.44 0.49 0.45 0.37 0.44
Depreciation 0.33 0.33 0.33 0.31 0.35 0.31 0.32 0.33 0.33 0.21 0.26 0.26 0.24
Profit before tax 0.27 0.54 0.07 0.08 0.09 0.01 0.09 0.10 0.12 0.21 0.14 0.10 0.07
Tax % 29.63% 24.07% 28.57% 25.00% 22.22% 0.00% 33.33% 30.00% 16.67% 33.33% 21.43% 20.00% 28.57%
0.19 0.41 0.06 0.06 0.07 0.01 0.07 0.07 0.09 0.14 0.11 0.08 0.05
EPS in Rs 0.02 0.04 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.00
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
0.00 0.00 41.74 37.21 32.27 27.06 39.18 52.63 50.16
0.00 0.00 38.01 33.54 29.25 24.48 36.51 49.29 46.92
Operating Profit 0.00 0.00 3.73 3.67 3.02 2.58 2.67 3.34 3.24
OPM % 8.94% 9.86% 9.36% 9.53% 6.81% 6.35% 6.46%
0.00 0.00 0.21 0.27 0.36 0.07 0.03 0.01 0.00
Interest 0.00 0.00 1.76 2.00 1.90 1.20 1.15 1.64 1.75
Depreciation 0.00 0.00 1.44 1.67 1.31 1.31 1.29 1.20 0.97
Profit before tax 0.00 0.00 0.74 0.27 0.17 0.14 0.26 0.51 0.52
Tax % 24.32% 48.15% 41.18% 28.57% 23.08% 29.41%
0.00 0.00 0.56 0.14 0.10 0.10 0.20 0.36 0.38
EPS in Rs 0.05 0.01 0.01 0.01 0.02 0.03 0.03
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 18%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: -8%
3 Years: 53%
TTM: 58%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 48%
1 Year: 16%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 2%
Last Year: 3%

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 0.05 0.05 10.80 10.80 10.80 10.80 10.80 10.80 10.80
Reserves 0.00 0.00 0.41 0.46 0.52 0.69 0.93 1.33 1.53
0.00 0.00 22.78 23.46 26.62 27.93 29.42 28.63 28.39
0.00 0.00 19.15 13.53 14.95 15.77 24.76 26.51 23.24
Total Liabilities 0.05 0.05 53.14 48.25 52.89 55.19 65.91 67.27 63.96
0.00 0.00 11.05 10.37 9.54 8.52 7.97 7.51 7.14
CWIP 0.00 0.01 0.65 0.03 0.03 0.04 0.03 0.03 0.13
Investments 0.00 0.00 0.06 0.06 0.06 0.06 0.06 0.06 0.06
0.05 0.04 41.38 37.79 43.26 46.57 57.85 59.67 56.63
Total Assets 0.05 0.05 53.14 48.25 52.89 55.19 65.91 67.27 63.96

Cash Flows

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 0.16 1.14 -0.12 0.48 0.48 3.52
0.00 -2.51 -0.28 -0.45 -0.28 -0.74 -0.77
0.00 2.98 -1.32 0.40 0.12 0.34 -2.43
Net Cash Flow 0.00 0.62 -0.46 -0.17 0.32 0.09 0.33

Ratios

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 53.43 61.11 86.64 143.25 111.70 69.07
Inventory Days 1,214.82 848.29 2,279.66 1,510.19 1,508.86 880.81
Days Payable 594.71 294.95 911.44 641.94 813.14 432.20
Cash Conversion Cycle 673.53 614.45 1,454.86 1,011.49 807.42 517.69
Working Capital Days 197.72 245.52 331.07 420.71 310.22 229.07
ROCE % 0.00% 14.69% 6.61% 5.70% 3.46% 3.50% 5.25%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78%
41.22% 41.22% 41.22% 41.22% 41.22% 41.22% 41.21% 41.22% 41.22% 41.22% 41.22% 41.22%
No. of Shareholders 10,01110,04413,34715,85915,91615,65415,25915,01415,02014,86714,87715,160

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