Aarvee Denims & Exports Ltd

Aarvee Denims Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aarvee Denims & Exports Ltd

₹ 49.5 -0.92%
11 Oct - close price
aarvee-denims.com BSE: 514274 NSE: AARVEEDEN
About

Incorporated in 1988, Aarvee Denims and Exports Ltd manufactures and sells denim and non denim Fabrics

Key Points

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

Website BSE NSE - BE
  • Market Cap ₹ 116 Cr.
  • Current Price ₹ 49.5
  • High / Low ₹ 51.5 / 21.6
  • Stock P/E
  • Book Value ₹ 7.33
  • Dividend Yield 0.00 %
  • ROCE -10.0 %
  • ROE -117 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 6.75 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -4.99%
  • The company has delivered a poor sales growth of -35.4% over past five years.
  • Company has a low return on equity of -55.7% over last 3 years.
  • Promoters have pledged 55.2% of their holding.
  • Earnings include an other income of Rs.51.4 Cr.
  • Company has high debtors of 430 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
80 118 117 112 108 55 48 50 10 25 26 24 14
78 124 119 113 107 66 61 55 21 31 35 29 24
Operating Profit 3 -7 -2 -1 1 -11 -13 -5 -11 -6 -9 -5 -11
OPM % 3% -6% -2% -1% 1% -20% -28% -10% -102% -25% -36% -22% -81%
4 5 1 14 6 0 0 0 0 2 3 1 45
Interest 12 11 10 10 10 11 12 13 10 12 8 7 5
Depreciation 7 7 6 6 7 7 7 5 6 3 2 1 1
Profit before tax -13 -19 -18 -2 -9 -29 -32 -23 -27 -18 -15 -13 28
Tax % -77% -35% -21% 421% 11% -39% -31% -32% -31% -29% -56% -49% 19%
-3 -12 -14 -12 -10 -17 -22 -15 -19 -13 -7 -6 23
EPS in Rs -1.22 -5.27 -5.98 -5.19 -4.28 -7.40 -9.47 -6.58 -7.92 -5.53 -2.81 -2.75 9.62
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
723.33 685.32 745.51 841.22 844.41 827.06 751.56 564.68 264.96 421.06 260.90 84.73 87.89
600.53 609.11 679.27 763.91 772.28 746.82 669.34 528.79 284.67 431.39 289.06 113.26 119.41
Operating Profit 122.80 76.21 66.24 77.31 72.13 80.24 82.22 35.89 -19.71 -10.33 -28.16 -28.53 -31.52
OPM % 16.98% 11.12% 8.89% 9.19% 8.54% 9.70% 10.94% 6.36% -7.44% -2.45% -10.79% -33.67% -35.86%
1.64 2.41 2.74 -0.89 1.68 2.54 2.79 -0.08 11.75 24.69 6.93 3.92 51.44
Interest 37.55 39.36 34.88 37.32 37.63 43.46 49.30 52.98 50.95 43.08 45.90 36.65 31.52
Depreciation 30.96 32.85 30.71 30.64 33.48 32.94 33.98 38.35 28.46 25.49 25.28 11.71 6.61
Profit before tax 55.93 6.41 3.39 8.46 2.70 6.38 1.73 -55.52 -87.37 -54.21 -92.41 -72.97 -18.21
Tax % 19.52% 50.39% 94.69% 17.02% 34.81% 12.07% 36.99% -24.50% -26.53% -23.59% -29.61% -38.85%
45.02 3.18 0.19 7.03 1.76 5.61 1.09 -41.93 -64.19 -41.42 -65.05 -44.62 -3.45
EPS in Rs 19.19 1.36 0.08 3.00 0.75 2.39 0.46 -17.87 -27.36 -17.66 -27.73 -19.02 -1.47
Dividend Payout % 2.61% 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: -19%
5 Years: -35%
3 Years: -32%
TTM: -46%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: 95%
Stock Price CAGR
10 Years: 0%
5 Years: 28%
3 Years: 24%
1 Year: 107%
Return on Equity
10 Years: -12%
5 Years: -36%
3 Years: -56%
Last Year: -117%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 23.46 23.46 23.46 23.46 23.46 23.46 23.46 23.46 23.46 23.46 23.46 23.46
Reserves 233.72 234.23 232.49 240.43 242.64 248.23 249.67 207.53 144.17 102.88 37.94 -6.26
383.77 395.65 370.32 382.15 355.15 379.32 434.22 418.97 432.69 412.90 396.53 277.66
108.96 140.62 144.59 178.47 210.15 267.67 241.38 192.84 110.32 89.36 69.90 143.63
Total Liabilities 749.91 793.96 770.86 824.51 831.40 918.68 948.73 842.80 710.64 628.60 527.83 438.49
395.03 400.70 372.07 366.90 374.67 362.73 388.97 350.38 273.64 230.54 202.35 72.38
CWIP 7.63 0.16 2.21 0.67 5.39 0.00 0.00 0.00 0.00 1.44 1.44 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00
347.25 393.10 396.58 456.94 451.34 555.94 559.75 492.42 437.00 396.62 324.04 366.11
Total Assets 749.91 793.96 770.86 824.51 831.40 918.68 948.73 842.80 710.64 628.60 527.83 438.49

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
53.17 68.37 46.79 74.93 110.38 37.77 50.57 64.59 45.41 12.52 39.65 109.93
-36.68 -22.56 -10.94 -37.75 -50.01 -18.74 -53.35 4.89 8.84 46.71 12.93 45.66
-35.86 -49.86 -36.19 -32.74 -63.19 -18.96 2.88 -70.43 -41.88 -62.80 -62.28 -155.53
Net Cash Flow -19.37 -4.05 -0.34 4.44 -2.82 0.07 0.10 -0.95 12.37 -3.56 -9.70 0.06

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 68.58 93.79 84.73 92.11 103.75 130.26 139.67 151.65 286.71 143.99 173.78 429.62
Inventory Days 156.76 164.42 131.84 127.41 113.53 145.66 188.53 233.57 283.03 203.59 229.73 404.67
Days Payable 55.23 82.92 73.80 90.28 108.73 151.24 166.74 166.61 160.24 100.09 108.66 234.52
Cash Conversion Cycle 170.11 175.29 142.77 129.24 108.55 124.67 161.46 218.61 409.50 247.49 294.86 599.76
Working Capital Days 116.19 129.19 111.95 109.08 103.43 130.27 159.52 194.77 362.11 215.70 257.12 205.96
ROCE % 15.32% 7.10% 5.98% 7.94% 6.37% 7.81% 7.51% -0.11% -7.19% -5.98% -10.54% -10.00%

Shareholding Pattern

Numbers in percentages

30 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 60.81%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.37%
2.11% 2.11% 2.11% 2.10% 2.10% 2.10% 2.10% 2.10% 2.10% 2.10% 2.10% 0.00%
32.10% 32.10% 32.10% 32.10% 32.10% 32.11% 32.11% 32.10% 32.08% 32.10% 32.09% 38.81%
No. of Shareholders 10,6919,5459,5299,8509,8229,7879,63410,01410,56611,43911,30310,439

* 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.

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