Aarvee Denims & Exports Ltd
Incorporated in 1988, Aarvee Denims and Exports Ltd manufactures and sells denim and non denim Fabrics
- 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
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
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
723.33 | 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% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Oct
- Disclosure Of Voting Result In Respect Of The 35Th Annual General Meeting Of The Company Held On September 28, 2024 Along With Scrutinizer'S Report 28 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 28 Sep
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Closure of Trading Window
24 Sep - Closure of trading window from October 1, 2024.
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Announcement under Regulation 30 (LODR)-Open Offer - Updates
20 Sep - Open offer for acquisition of equity shares in Aarvee Denims.
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