Aarvee Denims & Exports Ltd

₹ 28.0 1.27%

25 Apr 4:03 p.m.

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

Market Cap ₹ 65.8 Cr.
Current Price ₹ 28.0
High / Low ₹ 43.1 / 17.0
Stock P/E
Book Value ₹ 98.5
Dividend Yield 0.00 %
ROCE -0.11 %
ROE -15.9 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.28 times its book value

Cons

Company has low interest coverage ratio.
Promoters have pledged 51.0% of their holding.
Company has high debtors of 152 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020
	216.64	177.67	176.70	180.54	167.74	168.07	110.94	117.93
	197.60	158.66	155.66	157.43	171.28	161.90	97.08	100.34
Operating Profit	19.04	19.01	21.04	23.11	-3.54	6.17	13.86	17.59
OPM %	8.79%	10.70%	11.91%	12.80%	-2.11%	3.67%	12.49%	14.92%
	1.19	0.93	0.25	0.43	0.38	0.40	0.62	0.33
Interest	11.38	11.33	12.48	14.10	12.45	13.20	12.89	14.44
Depreciation	7.96	8.29	8.35	9.38	9.56	9.58	9.59	9.62
Profit before tax	0.89	0.32	0.46	0.06	-25.17	-16.21	-8.00	-6.14
Tax %	35.96%	162.50%	30.43%	-550.00%	0.83%	-2.65%	-2.38%	228.34%
	0.57	-0.20	0.32	0.40	-24.97	-16.64	-8.19	7.88
EPS in Rs	0.24	-0.09	0.14	0.17	-10.64	-7.09	-3.49	3.36
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020
	827	752	565
	747	669	529
Operating Profit	80	82	36
OPM %	10%	11%	6%
	3	3	-0
Interest	43	49	53
Depreciation	33	34	38
Profit before tax	6	2	-56
Tax %	12%	37%	24%
	6	1	-42
EPS in Rs	2.39	0.46	-17.87
Dividend Payout %	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-25%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-3781%

Stock Price CAGR
10 Years:	-4%
5 Years:	4%
3 Years:	12%
1 Year:	26%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	-16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020
Equity Capital	23	23	23
Reserves	248	250	208
	379	434	419
	268	241	193
Total Liabilities	919	949	843
	363	389	350
CWIP	0	0	0
Investments	0	0	0
	556	560	492
Total Assets	919	949	843

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020
	38	51	65
	-19	-53	5
	-19	3	-70
Net Cash Flow	0	0	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020
Debtor Days	130	140	152
Inventory Days	146	189	234
Days Payable	151	167	167
Cash Conversion Cycle	125	161	219
Working Capital Days	130	160	200
ROCE %		8%	-0%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%
	2.11%	2.11%	2.11%	2.11%	2.11%	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%
	32.09%	32.09%	32.10%	32.10%	32.10%	32.10%	32.10%	32.11%	32.11%	32.10%	32.08%	32.10%
No. of Shareholders	10,499	10,942	10,691	9,545	9,529	9,850	9,822	9,787	9,634	10,014	10,566	11,439

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%
	14.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	2.10%	2.11%	2.11%	2.11%	2.11%	2.11%	2.10%	2.10%
	0.00%	0.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	17.75%	31.17%	32.10%	32.09%	32.09%	32.10%	32.11%	32.10%
No. of Shareholders	10,144	11,437	10,938	10,564	10,395	9,545	9,787	11,439

* 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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Aarvee Denims & Exports Ltd

Aarvee Denims & Exports Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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