Aarvee Denims & Exports Ltd
Incorporated in 1988, Aarvee Denims and Exports Ltd manufactures and sells denim and non denim Fabrics
- Market Cap ₹ 43.8 Cr.
- Current Price ₹ 18.6
- High / Low ₹ 32.0 / 16.4
- Stock P/E
- Book Value ₹ 42.2
- Dividend Yield 0.00 %
- ROCE -5.99 %
- ROE -29.5 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.44 times its book value
- Debtor days have improved from 194 to 144 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -13.0% over past five years.
- Company has a low return on equity of -25.1% over last 3 years.
- Contingent liabilities of Rs.29.8 Cr.
- Promoters have pledged 51.0% of their holding.
* 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 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
495 | 661 | 723 | 685 | 746 | 841 | 844 | 827 | 752 | 565 | 265 | 421 | 323 | |
413 | 578 | 601 | 609 | 679 | 764 | 772 | 747 | 669 | 529 | 285 | 431 | 347 | |
Operating Profit | 82 | 84 | 123 | 76 | 66 | 77 | 72 | 80 | 82 | 36 | -20 | -10 | -24 |
OPM % | 17% | 13% | 17% | 11% | 9% | 9% | 9% | 10% | 11% | 6% | -7% | -2% | -7% |
4 | 1 | 2 | 2 | 3 | -1 | 2 | 3 | 3 | -0 | 12 | 25 | 21 | |
Interest | 19 | 37 | 38 | 39 | 35 | 37 | 38 | 43 | 49 | 53 | 51 | 43 | 43 |
Depreciation | 24 | 26 | 31 | 33 | 31 | 31 | 33 | 33 | 34 | 38 | 28 | 25 | 26 |
Profit before tax | 43 | 22 | 56 | 6 | 3 | 8 | 3 | 6 | 2 | -56 | -87 | -54 | -72 |
Tax % | 22% | 37% | 20% | 50% | 95% | 17% | 35% | 12% | 37% | 24% | 27% | 24% | |
Net Profit | 33 | 14 | 45 | 3 | 0 | 7 | 2 | 6 | 1 | -42 | -64 | -41 | -62 |
EPS in Rs | 14.25 | 5.98 | 19.19 | 1.36 | 0.08 | 3.00 | 0.75 | 2.39 | 0.46 | -17.87 | -27.36 | -17.66 | -26.34 |
Dividend Payout % | 4% | 0% | 3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -4% |
5 Years: | -13% |
3 Years: | -18% |
TTM: | -28% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -17% |
Stock Price CAGR | |
---|---|
10 Years: | -6% |
5 Years: | -14% |
3 Years: | 31% |
1 Year: | -24% |
Return on Equity | |
---|---|
10 Years: | -3% |
5 Years: | -13% |
3 Years: | -25% |
Last Year: | -29% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | |
Reserves | 175 | 191 | 234 | 234 | 232 | 240 | 243 | 248 | 250 | 208 | 144 | 103 | 75 |
255 | 367 | 384 | 396 | 370 | 382 | 355 | 379 | 434 | 419 | 433 | 413 | 390 | |
120 | 123 | 109 | 141 | 145 | 178 | 210 | 268 | 241 | 193 | 110 | 89 | 87 | |
Total Liabilities | 574 | 705 | 750 | 794 | 771 | 825 | 831 | 919 | 949 | 843 | 711 | 629 | 576 |
316 | 384 | 395 | 401 | 372 | 367 | 375 | 363 | 389 | 350 | 274 | 231 | 216 | |
CWIP | 9 | 8 | 8 | 0 | 2 | 1 | 5 | 0 | 0 | 0 | 0 | 1 | 1 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
249 | 313 | 347 | 393 | 397 | 457 | 451 | 556 | 560 | 492 | 437 | 397 | 358 | |
Total Assets | 574 | 705 | 750 | 794 | 771 | 825 | 831 | 919 | 949 | 843 | 711 | 629 | 576 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
60 | 47 | 53 | 68 | 47 | 75 | 110 | 38 | 51 | 65 | 45 | 13 | |
-58 | -82 | -37 | -23 | -11 | -38 | -50 | -19 | -53 | 5 | 9 | 47 | |
4 | 55 | -36 | -50 | -36 | -33 | -63 | -19 | 3 | -70 | -42 | -63 | |
Net Cash Flow | 5 | 21 | -19 | -4 | -0 | 4 | -3 | 0 | 0 | -1 | 12 | -4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 67 | 74 | 69 | 94 | 85 | 92 | 104 | 130 | 140 | 152 | 287 | 144 |
Inventory Days | 139 | 108 | 157 | 164 | 132 | 127 | 114 | 146 | 189 | 234 | 283 | 204 |
Days Payable | 75 | 62 | 55 | 83 | 74 | 90 | 109 | 151 | 167 | 167 | 160 | 100 |
Cash Conversion Cycle | 131 | 121 | 170 | 175 | 143 | 129 | 109 | 125 | 161 | 219 | 410 | 247 |
Working Capital Days | 86 | 100 | 116 | 129 | 112 | 109 | 103 | 130 | 160 | 195 | 362 | 216 |
ROCE % | 15% | 11% | 15% | 7% | 6% | 8% | 6% | 8% | 8% | -0% | -7% | -6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Submission of Copy of Advertisement for Financial Results for the Quarter ended 31.12.2023
- Submission Of The Unaudited Financial Results (Standalone) Along With The Limited Review Report For The Third Quarter And Nine Months Ended On December 31, 2022 Under Regulation 33 Of The SEBI (LODR) Regulations, 2015 13 Feb
- Board Meeting Outcome for Board Meeting Outcome For Submission Of The Unaudited Financial Results (Standalone) Along With The Limited Review Report For The Quarter And Nine Months Ended On December 31, 2022 13 Feb
- Board Meeting Intimation for Considering And Approving Unaudited Financial Results Of The Company For The Quarter / Nine Months Ended December 31, 2022. 6 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 24 Jan
Annual reports
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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
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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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