AKI India Ltd
Incorporated in 1994, AKI India Ltd designs, manufactures and exports leather products[1]
- Market Cap ₹ 170 Cr.
- Current Price ₹ 19.8
- High / Low ₹ 32.5 / 10.6
- Stock P/E 167
- Book Value ₹ 2.23
- Dividend Yield 0.00 %
- ROCE 7.87 %
- ROE 7.45 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 8.89 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -15.1%
- The company has delivered a poor sales growth of 5.65% over past five years.
- Company has a low return on equity of 7.27% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.2.76 Cr.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8.41 | 10.97 | 12.76 | 29.99 | 38.64 | 40.24 | 42.12 | 39.74 | 41.04 | 44.79 | 60.90 | 55.44 | 61.29 | |
8.31 | 10.57 | 12.75 | 29.50 | 37.58 | 39.25 | 41.29 | 38.67 | 38.98 | 43.22 | 58.57 | 52.43 | 58.73 | |
Operating Profit | 0.10 | 0.40 | 0.01 | 0.49 | 1.06 | 0.99 | 0.83 | 1.07 | 2.06 | 1.57 | 2.33 | 3.01 | 2.56 |
OPM % | 1.19% | 3.65% | 0.08% | 1.63% | 2.74% | 2.46% | 1.97% | 2.69% | 5.02% | 3.51% | 3.83% | 5.43% | 4.18% |
0.00 | 0.00 | 0.86 | 1.76 | 2.01 | 2.36 | 3.16 | 3.19 | 2.05 | 3.73 | 3.04 | 2.35 | 2.76 | |
Interest | 0.00 | 0.00 | 0.22 | 1.59 | 1.59 | 1.71 | 1.34 | 1.50 | 1.30 | 1.33 | 1.39 | 1.99 | 2.13 |
Depreciation | 0.00 | 0.00 | 0.27 | 1.38 | 1.39 | 1.39 | 1.42 | 1.63 | 1.75 | 2.27 | 2.23 | 1.90 | 1.82 |
Profit before tax | 0.10 | 0.40 | 0.38 | -0.72 | 0.09 | 0.25 | 1.23 | 1.13 | 1.06 | 1.70 | 1.75 | 1.47 | 1.37 |
Tax % | 0.00% | 0.00% | 23.68% | 11.11% | -66.67% | 36.00% | 73.98% | 55.75% | 29.25% | 48.24% | 5.71% | 27.21% | |
0.10 | 0.40 | 0.29 | -0.63 | 0.14 | 0.15 | 0.31 | 0.50 | 0.75 | 0.89 | 1.65 | 1.08 | 1.02 | |
EPS in Rs | 0.18 | 0.71 | 0.52 | -0.64 | 0.14 | 0.05 | 0.06 | 0.07 | 0.11 | 0.13 | 0.25 | 0.16 | 0.15 |
Dividend Payout % | 0.00% | 0.00% | 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: | 16% |
5 Years: | 6% |
3 Years: | 11% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 28% |
3 Years: | 13% |
TTM: | -76% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 64% |
3 Years: | 125% |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.87 | 0.87 | 0.87 | 1.50 | 1.50 | 5.00 | 7.50 | 10.30 | 10.30 | 10.30 | 10.30 | 13.39 |
Reserves | 0.88 | 1.29 | 1.87 | 1.33 | 1.48 | 1.63 | 1.01 | 1.64 | 2.40 | 2.53 | 3.77 | 1.54 |
6.07 | 5.37 | 8.27 | 21.17 | 22.76 | 20.89 | 17.68 | 21.37 | 21.63 | 27.87 | 29.43 | 29.51 | |
4.23 | 4.51 | 4.10 | 12.65 | 13.36 | 12.41 | 10.25 | 12.16 | 16.05 | 16.17 | 16.99 | 17.31 | |
Total Liabilities | 12.05 | 12.04 | 15.11 | 36.65 | 39.10 | 39.93 | 36.44 | 45.47 | 50.38 | 56.87 | 60.49 | 61.75 |
1.45 | 2.16 | 4.97 | 9.34 | 9.88 | 9.34 | 7.14 | 12.29 | 10.85 | 15.12 | 13.73 | 12.16 | |
CWIP | 0.00 | 0.00 | 0.23 | 1.11 | 1.87 | 2.00 | 4.00 | 0.91 | 7.03 | 2.31 | 2.51 | 4.47 |
Investments | 0.60 | 1.00 | 0.95 | 0.95 | 0.95 | 0.95 | 1.09 | 2.54 | 2.54 | 2.49 | 2.48 | 2.48 |
10.00 | 8.88 | 8.96 | 25.25 | 26.40 | 27.64 | 24.21 | 29.73 | 29.96 | 36.95 | 41.77 | 42.64 | |
Total Assets | 12.05 | 12.04 | 15.11 | 36.65 | 39.10 | 39.93 | 36.44 | 45.47 | 50.38 | 56.87 | 60.49 | 61.75 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | 1.04 | -0.67 | 3.14 | 0.00 | 7.38 | -4.92 | 0.76 | 3.67 | |||
0.00 | 0.00 | -2.68 | -0.98 | 0.48 | 0.00 | -6.37 | -1.68 | -0.99 | -2.40 | |||
0.00 | 0.00 | 1.26 | 1.37 | -4.15 | 0.00 | -0.75 | 6.49 | 0.34 | -1.10 | |||
Net Cash Flow | 0.00 | 0.00 | -0.39 | -0.28 | -0.53 | 0.00 | 0.26 | -0.10 | 0.11 | 0.17 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 245.65 | 137.75 | 151.32 | 144.10 | 118.55 | 106.22 | 86.83 | 98.00 | 83.25 | 131.20 | 106.26 | 115.68 |
Inventory Days | 89.78 | 134.46 | 120.83 | 134.39 | 119.57 | 166.35 | 197.35 | 161.29 | 131.86 | 167.41 | ||
Days Payable | 133.93 | 180.30 | 148.37 | 132.16 | 103.91 | 134.78 | 186.18 | 159.46 | 124.33 | 145.23 | ||
Cash Conversion Cycle | 245.65 | 137.75 | 107.17 | 98.26 | 91.02 | 108.44 | 102.48 | 129.57 | 94.41 | 133.03 | 113.79 | 137.86 |
Working Capital Days | 248.25 | 143.07 | 122.72 | 118.18 | 90.59 | 111.93 | 107.28 | 146.96 | 97.92 | 151.66 | 125.08 | 132.20 |
ROCE % | 1.60% | 5.21% | 5.50% | 6.76% | 7.36% | 9.68% | 8.84% | 6.98% | 6.08% | 6.51% | 7.87% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Submission of Certificate under Regulation 74(5) of SEBI (Depository and Participant) Regulation, 2018 for the quarter ended on 31st March, 2024.
- Closure of Trading Window 30 Mar
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Feb - Newspaper Advertisement of extract of Standalone and Consolidated Unaudited Financial Results for the Quarter and Nine Months ended on 31st December, 2023.
- Submission Of Standalone And Consolidated Unaudited Financial Results For The Quarter And Nine Months Ended On 31St December, 2023 Along With Limited Review Report 14 Feb
- Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. 14Th February, 2024 14 Feb
Business Overview:[1][2]
AKIIL processes hides into finished leather and upholstery, and manufactures leather products such as footwear, horse bridles, browbands, crown pieces, pony articles and saddle girths, etc. It also designs and manufactures leather products for equestrian sports, horse covers, leather bags, belts and finished leather. Company takes technical assistance from Horse Riding Group from Germany for making of Leather Saddlery & Harness Goods