Aartech Solonics Ltd

Aartech Solonics Ltd

₹ 215 -1.98%
24 May - close price
About

Incorporated in 1982, Aartech Solonics Ltd is a manufacturer of Electrical Machinery and Apparatus N.E.C.

Key Points

Business Overview:[1]
Company is a system solution-oriented R&D enterprise in the field of specialized and selected energy appliances. Company manufactures electricity distribution & control apparatus.

  • Market Cap 228 Cr.
  • Current Price 215
  • High / Low 264 / 64.5
  • Stock P/E 184
  • Book Value 29.7
  • Dividend Yield 0.23 %
  • ROCE 6.80 %
  • ROE 4.92 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 35.6%

Cons

  • Stock is trading at 7.25 times its book value
  • Company has a low return on equity of 2.69% over last 3 years.
  • Earnings include an other income of Rs.3.05 Cr.
  • Company has high debtors of 186 days.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
10.50 4.85 3.80 2.50 6.30 9.05 7.34
10.03 5.86 3.37 3.13 5.91 9.00 7.91
Operating Profit 0.47 -1.01 0.43 -0.63 0.39 0.05 -0.57
OPM % 4.48% -20.82% 11.32% -25.20% 6.19% 0.55% -7.77%
0.61 0.27 0.79 0.12 0.80 0.67 1.46
Interest 0.09 0.09 0.09 0.04 0.14 0.13 0.14
Depreciation 0.27 0.11 0.07 0.01 0.08 0.08 0.09
Profit before tax 0.72 -0.94 1.06 -0.56 0.97 0.51 0.66
Tax % 44.44% -17.02% 16.04% 8.93% 27.84% 5.88% 12.12%
0.39 -1.10 0.89 -0.52 0.70 0.48 0.58
EPS in Rs 0.37 -1.04 0.84 -0.49 0.66 0.45 0.55
Raw PDF
Upcoming result date: 30 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
5.09 8.56 8.86 9.23 9.73 12.73 11.21 14.54 10.04 10.93 16.36 21.65 25.19
4.34 5.95 9.75 8.14 9.47 12.70 10.22 13.36 9.78 10.44 16.06 20.66 25.95
Operating Profit 0.75 2.61 -0.89 1.09 0.26 0.03 0.99 1.18 0.26 0.49 0.30 0.99 -0.76
OPM % 14.73% 30.49% -10.05% 11.81% 2.67% 0.24% 8.83% 8.12% 2.59% 4.48% 1.83% 4.57% -3.02%
-0.32 -0.26 0.68 0.71 0.52 0.69 0.78 1.27 0.78 0.94 1.82 1.98 3.05
Interest 0.06 0.03 0.20 0.09 0.18 0.08 0.09 0.11 0.13 0.20 0.20 0.31 0.45
Depreciation 0.11 0.17 0.27 0.29 0.34 0.32 0.31 0.21 0.19 0.21 0.20 0.26 0.26
Profit before tax 0.26 2.15 -0.68 1.42 0.26 0.32 1.37 2.13 0.72 1.02 1.72 2.40 1.58
Tax % 53.85% 29.77% -2.94% 20.42% 11.54% 9.38% 13.87% 20.66% 18.06% 17.65% 18.02% 19.58%
0.11 1.51 -0.70 1.13 0.23 0.30 1.18 1.70 0.59 0.84 1.42 1.93 1.24
EPS in Rs 0.15 2.04 -0.95 1.53 0.31 0.41 1.59 1.60 0.56 0.79 1.34 1.82 1.17
Dividend Payout % 0.00% 32.65% -35.29% 21.86% 107.39% 0.00% 0.00% 0.00% 0.00% 42.02% 37.29% 27.44%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 29%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: 55%
TTM: 356%
Stock Price CAGR
10 Years: %
5 Years: 56%
3 Years: 106%
1 Year: 223%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4.93 4.93 4.94 4.94 4.94 4.94 4.94 7.06 7.06 7.06 10.59 10.59 10.59
Reserves 9.80 10.16 11.02 11.59 11.53 11.83 12.97 19.76 20.00 20.84 18.38 19.78 20.85
0.00 0.00 0.00 0.00 0.00 0.50 0.00 0.00 1.74 0.88 0.65 2.66 3.20
0.55 2.93 2.08 2.69 2.26 2.19 1.47 1.70 2.44 2.34 5.28 5.45 9.40
Total Liabilities 15.28 18.02 18.04 19.22 18.73 19.46 19.38 28.52 31.24 31.12 34.90 38.48 44.04
2.02 3.12 3.19 2.79 2.62 2.47 3.36 3.42 3.60 3.51 3.74 3.86 2.84
CWIP 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 5.63 1.82 2.48 2.74 3.08 5.80 3.13 6.43 9.07 10.69 12.59 14.08 16.77
7.63 13.08 12.36 13.69 13.03 11.19 12.89 18.67 18.57 16.92 18.57 20.54 24.43
Total Assets 15.28 18.02 18.04 19.22 18.73 19.46 19.38 28.52 31.24 31.12 34.90 38.48 44.04

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 0.00 2.47 -1.00 0.16 1.99 0.18 0.94 1.52 -1.70 0.95 -5.13
0.00 0.00 -1.08 -0.12 0.84 -2.14 -0.53 -5.82 -4.91 1.93 -0.54 5.93
0.00 0.00 -0.28 -0.29 -0.30 0.20 0.00 7.21 0.00 0.00 -0.35 -0.53
Net Cash Flow 0.00 0.00 1.11 -1.40 0.71 0.06 -0.35 2.32 -3.39 0.23 0.05 0.27

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 144.14 139.43 132.65 237.27 192.82 90.89 112.33 126.27 165.05 212.05 157.96 185.79
Inventory Days 149.96 390.00 169.77 183.41 155.74 170.39 237.43 97.28 190.23 128.41 84.05 123.32
Days Payable 29.71 51.67 72.15 123.48 85.76 66.81 29.30 38.01 118.31 94.25 143.05 127.45
Cash Conversion Cycle 264.39 477.77 230.27 297.20 262.80 194.47 320.47 185.54 236.97 246.21 98.95 181.66
Working Capital Days 287.55 243.48 247.18 304.50 283.60 179.78 204.15 161.92 230.49 243.78 132.52 224.23
ROCE % 4.29% 20.32% 9.30% 2.42% 2.07% 7.16% 8.54% 2.19% 2.88% 2.02% 6.80%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.38% 52.38% 52.38% 52.38% 52.38% 52.38% 52.38% 52.68% 52.68% 52.68% 52.68% 52.68%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.39%
47.62% 47.62% 47.62% 47.62% 47.62% 47.63% 47.62% 47.33% 47.32% 47.30% 47.32% 45.92%
No. of Shareholders 1091141161241211402262382703,5524,2274,734

* 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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