Aarvee Denims & Exports Ltd
Incorporated in 1988, Aarvee Denims and Exports Ltd manufactures and sells denim and non denim Fabrics
- Market Cap ₹ 58.8 Cr.
- Current Price ₹ 25.1
- High / Low ₹ 30.5 / 16.2
- Stock P/E
- Book Value ₹ 12.7
- Dividend Yield 0.00 %
- ROCE -10.5 %
- ROE -71.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -20.6% over past five years.
- Company has a low return on equity of -40.2% over last 3 years.
- Contingent liabilities of Rs.29.8 Cr.
- Promoters have pledged 51.0% of their holding.
- Company has high debtors of 174 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.
Peer comparison
Sector: Textiles Industry: Textiles - Cotton/Blended
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
661 | 723 | 685 | 746 | 841 | 844 | 827 | 752 | 565 | 265 | 421 | 261 | 133 | |
578 | 601 | 609 | 679 | 764 | 772 | 747 | 669 | 529 | 285 | 431 | 289 | 168 | |
Operating Profit | 84 | 123 | 76 | 66 | 77 | 72 | 80 | 82 | 36 | -20 | -10 | -28 | -35 |
OPM % | 13% | 17% | 11% | 9% | 9% | 9% | 10% | 11% | 6% | -7% | -2% | -11% | -26% |
1 | 2 | 2 | 3 | -1 | 2 | 3 | 3 | -0 | 12 | 25 | 7 | 3 | |
Interest | 37 | 38 | 39 | 35 | 37 | 38 | 43 | 49 | 53 | 51 | 43 | 46 | 47 |
Depreciation | 26 | 31 | 33 | 31 | 31 | 33 | 33 | 34 | 38 | 28 | 25 | 25 | 21 |
Profit before tax | 22 | 56 | 6 | 3 | 8 | 3 | 6 | 2 | -56 | -87 | -54 | -92 | -100 |
Tax % | 37% | 20% | 50% | 95% | 17% | 35% | 12% | 37% | 24% | 27% | 24% | 30% | |
14 | 45 | 3 | 0 | 7 | 2 | 6 | 1 | -42 | -64 | -41 | -65 | -69 | |
EPS in Rs | 5.98 | 19.19 | 1.36 | 0.08 | 3.00 | 0.75 | 2.39 | 0.46 | -17.87 | -27.36 | -17.66 | -27.73 | -29.50 |
Dividend Payout % | 0% | 3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -10% |
5 Years: | -21% |
3 Years: | -23% |
TTM: | -66% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -31% |
TTM: | 2% |
Stock Price CAGR | |
---|---|
10 Years: | -5% |
5 Years: | 0% |
3 Years: | 28% |
1 Year: | -10% |
Return on Equity | |
---|---|
10 Years: | -9% |
5 Years: | -22% |
3 Years: | -40% |
Last Year: | -71% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
Reserves | 191 | 234 | 234 | 232 | 240 | 243 | 248 | 250 | 208 | 144 | 103 | 38 | 6 |
367 | 384 | 396 | 370 | 382 | 355 | 379 | 434 | 419 | 433 | 413 | 397 | 327 | |
123 | 109 | 141 | 145 | 178 | 210 | 268 | 241 | 193 | 110 | 89 | 70 | 124 | |
Total Liabilities | 705 | 750 | 794 | 771 | 825 | 831 | 919 | 949 | 843 | 711 | 629 | 528 | 481 |
384 | 395 | 401 | 372 | 367 | 375 | 363 | 389 | 350 | 274 | 231 | 202 | 76 | |
CWIP | 8 | 8 | 0 | 2 | 1 | 5 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
313 | 347 | 393 | 397 | 457 | 451 | 556 | 560 | 492 | 437 | 397 | 324 | 405 | |
Total Assets | 705 | 750 | 794 | 771 | 825 | 831 | 919 | 949 | 843 | 711 | 629 | 528 | 481 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
47 | 53 | 68 | 47 | 75 | 110 | 38 | 51 | 65 | 45 | 13 | 40 | |
-82 | -37 | -23 | -11 | -38 | -50 | -19 | -53 | 5 | 9 | 47 | 13 | |
55 | -36 | -50 | -36 | -33 | -63 | -19 | 3 | -70 | -42 | -63 | -62 | |
Net Cash Flow | 21 | -19 | -4 | -0 | 4 | -3 | 0 | 0 | -1 | 12 | -4 | -10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 74 | 69 | 94 | 85 | 92 | 104 | 130 | 140 | 152 | 287 | 144 | 174 |
Inventory Days | 108 | 157 | 164 | 132 | 127 | 114 | 146 | 189 | 234 | 283 | 204 | 230 |
Days Payable | 62 | 55 | 83 | 74 | 90 | 109 | 151 | 167 | 167 | 160 | 100 | 109 |
Cash Conversion Cycle | 121 | 170 | 175 | 143 | 129 | 109 | 125 | 161 | 219 | 410 | 247 | 295 |
Working Capital Days | 100 | 116 | 129 | 112 | 109 | 103 | 130 | 160 | 195 | 362 | 216 | 257 |
ROCE % | 11% | 15% | 7% | 6% | 8% | 6% | 8% | 8% | -0% | -7% | -6% | -11% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Submission of copy of Advertisement for Financial result for quarter and Half year ended September 30,2023
- Board Meeting Outcome for Submission Of Outcome Of Board Meeting Of Aarvee Denims And Exports Ltd. Held On 10Th November 2023 10 Nov
- Results -Financial Result For September 30,2023. 10 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 Nov
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
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Financial Year 2011
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Financial Year 2011
from nse
Business Overview:[1]
Company has composite integrated manufacturing facilities for production of a wide range of Denim Fabrics. Company has in-house yarn manufacturing facilities for denim used for captive consumption. It also sources yarn from local markets for a variety of denim products and sells surplus yarn in local market