Aarvee Denims & Exports Ltd
Incorporated in 1988, Aarvee Denims and Exports Ltd manufactures and sells denim and non denim Fabrics
- Market Cap ₹ 220 Cr.
- Current Price ₹ 93.8
- High / Low ₹ 93.9 / 21.6
- Stock P/E 12.4
- Book Value ₹ 20.5
- Dividend Yield 0.00 %
- ROCE -10.0 %
- ROE -117 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 4.58 times its book value
- 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.83.3 Cr.
- Company has high debtors of 430 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: Textiles Industry: Textiles - Cotton/Blended
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 685 | 746 | 841 | 844 | 827 | 752 | 565 | 265 | 421 | 261 | 85 | 79 | |
601 | 609 | 679 | 764 | 772 | 747 | 669 | 529 | 285 | 431 | 289 | 113 | 109 | |
Operating Profit | 123 | 76 | 66 | 77 | 72 | 80 | 82 | 36 | -20 | -10 | -28 | -29 | -30 |
OPM % | 17% | 11% | 9% | 9% | 9% | 10% | 11% | 6% | -7% | -2% | -11% | -34% | -38% |
2 | 2 | 3 | -1 | 2 | 3 | 3 | -0 | 12 | 25 | 7 | 4 | 83 | |
Interest | 38 | 39 | 35 | 37 | 38 | 43 | 49 | 53 | 51 | 43 | 46 | 37 | 24 |
Depreciation | 31 | 33 | 31 | 31 | 33 | 33 | 34 | 38 | 28 | 25 | 25 | 12 | 5 |
Profit before tax | 56 | 6 | 3 | 8 | 3 | 6 | 2 | -56 | -87 | -54 | -92 | -73 | 25 |
Tax % | 20% | 50% | 95% | 17% | 35% | 12% | 37% | -24% | -27% | -24% | -30% | -39% | |
45 | 3 | 0 | 7 | 2 | 6 | 1 | -42 | -64 | -41 | -65 | -45 | 18 | |
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 | 7.59 |
Dividend Payout % | 3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -19% |
5 Years: | -35% |
3 Years: | -32% |
TTM: | -41% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 9% |
TTM: | 126% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 52% |
3 Years: | 54% |
1 Year: | 268% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
Reserves | 234 | 234 | 232 | 240 | 243 | 248 | 250 | 208 | 144 | 103 | 38 | -6 | 25 |
384 | 396 | 370 | 382 | 355 | 379 | 434 | 419 | 433 | 413 | 397 | 278 | 191 | |
109 | 141 | 145 | 178 | 210 | 268 | 241 | 193 | 110 | 89 | 70 | 144 | 113 | |
Total Liabilities | 750 | 794 | 771 | 825 | 831 | 919 | 949 | 843 | 711 | 629 | 528 | 438 | 352 |
395 | 401 | 372 | 367 | 375 | 363 | 389 | 350 | 274 | 231 | 202 | 72 | 70 | |
CWIP | 8 | 0 | 2 | 1 | 5 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
347 | 393 | 397 | 457 | 451 | 556 | 560 | 492 | 437 | 397 | 324 | 366 | 283 | |
Total Assets | 750 | 794 | 771 | 825 | 831 | 919 | 949 | 843 | 711 | 629 | 528 | 438 | 352 |
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 | 68 | 47 | 75 | 110 | 38 | 51 | 65 | 45 | 13 | 40 | 110 | |
-37 | -23 | -11 | -38 | -50 | -19 | -53 | 5 | 9 | 47 | 13 | 46 | |
-36 | -50 | -36 | -33 | -63 | -19 | 3 | -70 | -42 | -63 | -62 | -156 | |
Net Cash Flow | -19 | -4 | -0 | 4 | -3 | 0 | 0 | -1 | 12 | -4 | -10 | 0 |
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 | 69 | 94 | 85 | 92 | 104 | 130 | 140 | 152 | 287 | 144 | 174 | 430 |
Inventory Days | 157 | 164 | 132 | 127 | 114 | 146 | 189 | 234 | 283 | 204 | 230 | 405 |
Days Payable | 55 | 83 | 74 | 90 | 109 | 151 | 167 | 167 | 160 | 100 | 109 | 235 |
Cash Conversion Cycle | 170 | 175 | 143 | 129 | 109 | 125 | 161 | 219 | 410 | 247 | 295 | 600 |
Working Capital Days | 116 | 129 | 112 | 109 | 103 | 130 | 160 | 195 | 362 | 216 | 257 | 206 |
ROCE % | 15% | 7% | 6% | 8% | 6% | 8% | 8% | -0% | -7% | -6% | -11% | -10% |
Documents
Announcements
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 12 Dec
-
Disclosure Under Regulation 29(1) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
11 Dec - Disclosure of acquisition of 6.35% shares by Jaimin Gupta.
-
Announcement under Regulation 30 (LODR)-Open Offer - Updates
2 Dec - Open offer for acquisition of 60,99,548 equity shares.
-
Public Notice
2 Dec - Open offer for acquisition of 26% shares of Aarvee Denims.
-
Announcement under Regulation 30 (LODR)-Open Offer - Updates
21 Nov - Open offer for acquisition of 60,99,548 equity shares.
Annual reports
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Financial Year 2024
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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
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Financial Year 2011
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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