Aksh Optifibre Ltd

₹ 9.15 -0.54%

24 Apr - close price

akshoptifibre.com BSE: 532351 NSE - BE : AKSHOPTFBR

About

Incorporated in 1986, Aksh Optifibre Ltd does manufacturing and selling of Optical Fibre, Optical Fibre Cable, Fibre Reinforced Plastic Rods, Impregnated Glass Roving Reinforcement and ophthalmic lens. It also provides E Governance and FTTH services^[1]

Key Points

Business Overview:^[1]^[2]
AOL is a ISO 9001 and ISO 14001 certified company. It manufactures optical fibre, optical fibre cables like aerial, duct, armoured, indoor and outdoor FTTH drop cables meeting ITU-T standards. Company supplies FRP rod to optical fibre cable manufacturers in 56 countries. Also, company is undertaking e-governance services, which includes 10,000 plus e-Governance kiosks in Rajasthan and is providing smart city/ turnkey solutions, which includes installation and managing of OFC turnkey of 350 km in Jaipur smart city project

Website BSE NSE - BE

Market Cap ₹ 149 Cr.
Current Price ₹ 9.15
High / Low ₹ 15.8 / 7.84
Stock P/E 26.3
Book Value ₹ 18.5
Dividend Yield 0.00 %
ROCE 8.73 %
ROE 5.01 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.
Stock is trading at 0.49 times its book value
Debtor days have improved from 110 to 51.0 days.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -0.63%
The company has delivered a poor sales growth of -14.0% over past five years.
Promoter holding is low: 26.1%
Company has a low return on equity of 4.14% over last 3 years.
Contingent liabilities of Rs.121 Cr.

* 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: Cables Industry: Cables - Telephone

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	61.32	64.64	71.45	68.55	74.98	86.22	75.33	57.35	65.11	75.88	56.64	59.15	51.44
	53.77	52.81	58.38	56.55	62.65	71.21	61.26	49.74	53.68	63.85	48.83	53.20	48.00
Operating Profit	7.55	11.83	13.07	12.00	12.33	15.01	14.07	7.61	11.43	12.03	7.81	5.95	3.44
OPM %	12.31%	18.30%	18.29%	17.51%	16.44%	17.41%	18.68%	13.27%	17.55%	15.85%	13.79%	10.06%	6.69%
	3.10	0.19	2.14	1.10	2.65	0.41	0.83	0.67	1.49	2.16	0.75	-1.08	2.18
Interest	5.19	5.87	5.29	4.94	5.00	4.54	4.05	3.84	1.92	2.74	2.54	2.45	2.01
Depreciation	3.88	3.82	3.79	3.75	3.72	3.70	3.68	3.85	3.78	3.85	3.34	3.27	3.34
Profit before tax	1.58	2.33	6.13	4.41	6.26	7.18	7.17	0.59	7.22	7.60	2.68	-0.85	0.27
Tax %	20.89%	32.62%	29.36%	29.25%	25.88%	31.20%	29.29%	37.29%	33.52%	31.71%	5.22%	-74.12%	44.44%
	1.25	1.57	4.33	3.12	4.64	4.93	5.07	0.37	4.80	5.20	2.54	-1.48	0.16
EPS in Rs	0.08	0.10	0.27	0.19	0.29	0.30	0.31	0.02	0.30	0.32	0.16	-0.09	0.01
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	185	233	220	348	435	458	583	529	250	246	301	274	243
	168	200	186	299	365	408	513	440	228	212	249	229	214
Operating Profit	17	33	34	49	70	50	70	88	22	35	52	45	29
OPM %	9%	14%	15%	14%	16%	11%	12%	17%	9%	14%	17%	16%	12%
	14	13	14	7	-4	6	4	11	-231	5	6	5	4
Interest	5	4	7	7	10	13	18	28	26	22	20	13	10
Depreciation	13	17	15	16	19	20	21	24	17	16	15	15	14
Profit before tax	12	26	26	33	37	22	35	47	-253	3	24	23	10
Tax %	9%	0%	0%	2%	10%	39%	34%	40%	2%	28%	29%	32%
	11	26	26	32	34	14	23	28	-248	2	17	15	6
EPS in Rs	0.75	1.75	1.75	2.12	2.06	0.84	1.40	1.73	-15.23	0.14	1.05	0.95	0.40
Dividend Payout %	0%	0%	14%	0%	0%	0%	21%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	2%
5 Years:	-14%
3 Years:	3%
TTM:	-14%

Compounded Profit Growth
10 Years:	-3%
5 Years:	-9%
3 Years:	48%
TTM:	-63%

Stock Price CAGR
10 Years:	-5%
5 Years:	-12%
3 Years:	14%
1 Year:	2%

Return on Equity
10 Years:	5%
5 Years:	3%
3 Years:	4%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	71	74	74	76	81	81	81	81	81	81	81	81	81
Reserves	250	285	282	318	364	388	410	433	183	186	203	219	220
	110	12	117	119	88	131	230	202	156	154	113	80	71
	57	132	62	92	98	139	173	166	149	127	132	90	91
Total Liabilities	488	503	536	604	632	739	895	882	569	548	530	471	463
	127	107	94	94	80	91	176	170	162	149	135	126	121
CWIP	4	3	16	1	2	165	152	153	2	1	0	0	2
Investments	113	113	187	260	260	151	156	160	150	182	185	185	181
	244	280	240	249	290	332	411	398	255	217	210	160	159
Total Assets	488	503	536	604	632	739	895	882	569	548	530	471	463

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	57	-11	13	7	29	55	3	104	82	44	57	53
	5	20	-13	1	-8	-59	-80	-21	-11	-28	-1	-6
	-61	-8	-2	-5	-22	2	80	-87	-68	-19	-52	-48
Net Cash Flow	1	1	-1	3	-1	-2	3	-3	4	-3	4	-2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	117	96	113	133	119	124	133	126	181	151	129	51
Inventory Days	38	39	70	48	34	52	46	76	109	105	82	55
Days Payable	103	98	106	100	98	117	100	108	200	213	164	78
Cash Conversion Cycle	51	37	76	81	55	59	79	95	90	43	47	28
Working Capital Days	177	210	249	135	128	97	112	62	57	57	43	-2
ROCE %	2%	6%	6%	8%	10%	6%	8%	10%	2%	6%	11%	9%

Shareholding Pattern

Numbers in percentages

11 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
	27.95%	27.95%	27.95%	27.95%	27.95%	27.95%	27.95%	27.95%	27.18%	26.95%	26.77%	26.14%
	0.25%	0.25%	0.27%	0.30%	0.25%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
	71.80%	71.80%	71.79%	71.76%	71.81%	71.96%	72.05%	72.04%	72.82%	73.05%	73.23%	73.86%
No. of Shareholders	62,827	65,966	68,723	74,963	74,358	74,164	72,321	70,446	68,958	69,417	67,931	69,435

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	27.85%	27.64%	27.95%	27.95%	27.95%	27.95%	27.95%	26.14%
	0.05%	0.30%	0.25%	0.25%	0.25%	0.30%	0.00%	0.01%
	1.23%	0.69%	0.63%	0.03%	0.00%	0.00%	0.00%	0.00%
	70.87%	71.37%	71.17%	71.77%	71.80%	71.76%	72.04%	73.86%
No. of Shareholders	59,852	70,534	70,126	64,856	61,534	74,963	70,446	69,435

* 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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Aksh Optifibre Ltd

Aksh Optifibre Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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