Aveer Foods Ltd

Aveer Foods Ltd

₹ 502 -3.62%
24 May - close price
About

Incorporated in 2019, Aveer Foods
Ltd manufactures and sells processed
foods[1]

Key Points

Business Overview:[1][2]
Company does processing of Agri based Products viz. Raw Mangoes, Lemons, Tomato, Spices etc. and manufactures Pickles, Ketchups, Sauces, Chutneys, Thecha, handmade & machine made Papad

  • Market Cap 202 Cr.
  • Current Price 502
  • High / Low 693 / 365
  • Stock P/E 87.1
  • Book Value 42.8
  • Dividend Yield 0.00 %
  • ROCE 8.36 %
  • ROE 6.48 %
  • Face Value 10.0

Pros

  • Company's working capital requirements have reduced from 180 days to 60.8 days

Cons

  • Stock is trading at 11.7 times its book value

* 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: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
21.07 23.21 28.86 21.14 23.50 24.10 25.95 23.29 21.76
21.27 23.91 28.95 21.11 21.66 22.44 24.20 21.72 20.46
Operating Profit -0.20 -0.70 -0.09 0.03 1.84 1.66 1.75 1.57 1.30
OPM % -0.95% -3.02% -0.31% 0.14% 7.83% 6.89% 6.74% 6.74% 5.97%
0.00 0.00 0.00 0.02 0.00 0.02 0.00 0.00 0.00
Interest 0.07 0.02 0.36 0.30 0.29 0.18 0.35 0.38 0.26
Depreciation 0.26 0.29 0.30 0.32 0.35 0.36 0.80 0.80 0.85
Profit before tax -0.53 -1.01 -0.75 -0.57 1.20 1.14 0.60 0.39 0.19
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.53 -1.01 -0.75 -0.57 1.20 1.14 0.61 0.38 0.19
EPS in Rs -1.41 2.98 2.83 1.51 0.94 0.47
Raw PDF
Upcoming result date: 28 May 2024

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 3.21 78.36 96.05 95.10
0.13 2.93 81.88 92.61 88.82
Operating Profit -0.13 0.28 -3.52 3.44 6.28
OPM % 8.72% -4.49% 3.58% 6.60%
0.00 0.00 0.01 0.04 0.02
Interest 0.00 0.00 0.51 1.13 1.17
Depreciation 0.00 0.06 0.96 1.32 2.81
Profit before tax -0.13 0.22 -4.98 1.03 2.32
Tax % 0.00% 4.55% 0.00% 0.00%
-0.13 0.21 -4.98 1.02 2.32
EPS in Rs 2.53 5.75
Dividend Payout % 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 114%
TTM: 305%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -4%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.01 0.01 4.03 4.03 4.03
Reserves -0.13 0.08 11.20 12.22 13.21
0.41 6.60 12.30 7.92 13.08
0.07 3.06 14.38 13.98 11.29
Total Liabilities 0.36 9.75 41.91 38.15 41.61
0.01 0.00 7.90 9.36 11.66
CWIP 0.00 0.50 0.00 0.00 0.00
Investments 0.00 0.00 0.02 0.02 0.02
0.35 9.25 33.99 28.77 29.93
Total Assets 0.36 9.75 41.91 38.15 41.61

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.27 -3.09 -2.51 4.84
-0.01 -1.14 -3.71 -2.78
0.42 6.19 7.49 -5.51
Net Cash Flow 0.15 1.96 1.27 -3.44

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 12.51 19.28 0.38
Inventory Days 801.85 167.91 179.15
Days Payable 432.54 64.29 45.37
Cash Conversion Cycle 381.82 122.90 134.16
Working Capital Days 397.98 79.88 60.76
ROCE % 6.30% -26.13% 8.36%

Shareholding Pattern

Numbers in percentages

Aug 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.33% 72.33% 72.33% 72.52% 72.52% 72.60% 72.59%
27.66% 27.66% 27.67% 27.48% 27.47% 27.41% 27.41%
No. of Shareholders 3,5263,5263,8063,7443,6633,6423,601

Documents