Arrowhead Seperation Engineering Ltd

Arrowhead Seperation Engineering Ltd

₹ 138 -2.89%
15 Apr - close price
About

Incorporated in 1991, Arrowhead Seperation Engineering Limited is engaged in the manufacturing, trading, and exporting of various types of dryers.[1]

Key Points

Business Profile[1] ASEL has been in the dryer manufacturing business for 2+ decades and specializes in manufacturing and designing chemical process Equipment with specialization in continuous drying and cooling system equipment

  • Market Cap 25.8 Cr.
  • Current Price 138
  • High / Low 255 / 128
  • Stock P/E 15.3
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 37.0 %
  • ROE 105 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 210 to 153 days.

Cons

  • Promoter holding is low: 35.1%
  • Company has a low return on equity of -0.24% over last 3 years.
  • Company has high debtors of 153 days.
  • Company's cost of borrowing seems high

* 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: Engineering Industry: Engineering

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Half Yearly Results

Figures in Rs. Crores

Sep 2023
12.91
11.10
Operating Profit 1.81
OPM % 14.02%
0.12
Interest 0.55
Depreciation 0.01
Profit before tax 1.37
Tax % 25.55%
1.02
EPS in Rs 7.77
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
16.35 18.05 9.12 10.87 21.50
15.52 17.21 9.51 9.80 18.28
Operating Profit 0.83 0.84 -0.39 1.07 3.22
OPM % 5.08% 4.65% -4.28% 9.84% 14.98%
0.04 0.07 0.04 0.05 0.21
Interest 0.61 0.80 0.82 0.93 1.55
Depreciation 0.06 0.08 0.06 0.06 0.04
Profit before tax 0.20 0.03 -1.23 0.13 1.84
Tax % 50.00% 0.00% -45.53% 30.77% 8.15%
0.10 0.03 -1.79 0.09 1.69
EPS in Rs 12.87
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: 98%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 283%
TTM: 1778%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 0%
Last Year: 105%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.81 0.81 0.81 0.81 1.31 1.31
Reserves 2.21 2.24 -0.13 -0.04 1.15 2.16
4.85 5.09 6.01 6.99 8.13 8.38
11.47 7.70 8.98 10.56 10.12 10.06
Total Liabilities 19.34 15.84 15.67 18.32 20.71 21.91
0.52 0.44 0.38 0.33 0.29 0.28
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00
18.82 15.40 15.29 17.99 20.42 21.63
Total Assets 19.34 15.84 15.67 18.32 20.71 21.91

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.97 0.57
-0.02 0.00
0.14 -0.27
Net Cash Flow -0.84 0.30

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 191.09 140.14 259.74 216.58 152.79
Inventory Days 385.64 258.87 544.51 840.85 286.04
Days Payable 145.50 100.72 262.42 258.65 127.77
Cash Conversion Cycle 431.24 298.29 541.83 798.78 311.06
Working Capital Days 151.58 173.70 226.12 259.23 178.93
ROCE % 10.37% -5.53% 14.67% 36.95%

Shareholding Pattern

Numbers in percentages

1 Recently
Nov 2023
35.09%
0.16%
1.60%
63.14%
No. of Shareholders 869

* 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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