Aksh Optifibre Ltd

About [ edit ]

Aksh Optifibre is engaged in the manufacturing and selling of Optical Fibre, Optical Fibre Cable, Fibre Reinforced Plastic Rods, Impregnated Glass Roving Reinforcement and ophthalmic lens.

  • Market Cap 102 Cr.
  • Current Price 6.25
  • High / Low 9.60 / 4.00
  • Stock P/E
  • Book Value 7.05
  • Dividend Yield 0.00 %
  • ROCE -2.67 %
  • ROE -13.0 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.89 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.34% over past five years.
  • Promoter holding is low: 27.94%
  • Company has a low return on equity of -0.75% for last 3 years.
  • Promoters have pledged 38.95% of their holding.

Peer comparison

Sector: Cables Industry: Cables - Telephone

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
63.38 145.71 185.24 113.54 85.56 101.86 73.64 57.85 67.04 48.83 90.72 65.23
55.42 116.63 144.81 94.02 91.01 94.60 73.75 61.74 63.51 48.03 81.37 58.83
Operating Profit 7.96 29.08 40.43 19.52 -5.45 7.26 -0.11 -3.89 3.53 0.80 9.35 6.40
OPM % 12.56% 19.96% 21.83% 17.19% -6.37% 7.13% -0.15% -6.72% 5.27% 1.64% 10.31% 9.81%
Other Income 1.79 0.59 0.36 0.85 4.25 0.67 0.58 0.49 -318.55 0.50 0.56 2.60
Interest 0.61 6.46 7.11 8.71 9.87 7.14 7.69 7.39 9.03 7.53 7.32 6.93
Depreciation 6.63 7.48 7.48 6.68 8.57 5.99 5.28 5.87 8.03 6.50 6.18 6.15
Profit before tax 2.51 15.73 26.20 4.98 -19.64 -5.20 -12.50 -16.66 -332.08 -12.73 -3.59 -4.08
Tax % 0.00% 44.31% 42.40% 71.08% 26.02% 3.65% 20.72% 20.83% 0.27% 13.04% -36.77% -2.45%
Net Profit 2.52 8.76 15.10 1.44 -14.53 -5.01 -9.92 -13.19 -331.19 -11.07 -4.91 -4.18
EPS in Rs 0.17 0.54 0.93 0.09 -0.89 -0.31 -0.61 -0.81 -20.36 -0.68 -0.30 -0.26

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
240 132 131 273 257 239 356 449 489 618 530 300 272
269 148 142 243 219 204 307 372 439 544 447 297 252
Operating Profit -29 -15 -11 30 38 35 49 77 50 74 83 4 20
OPM % -12% -12% -8% 11% 15% 14% 14% 17% 10% 12% 16% 1% 7%
Other Income -13 19 3 9 8 9 5 -12 5 1 7 -314 -315
Interest 12 7 6 5 4 7 11 15 15 19 32 31 31
Depreciation 21 17 15 13 17 15 17 21 22 24 30 25 27
Profit before tax -75 -20 -29 21 26 22 26 29 18 33 27 -366 -352
Tax % 36% 35% -71% 5% 0% 0% 3% 13% 47% 36% 61% 2%
Net Profit -48 -13 -49 20 26 22 25 26 10 21 11 -359 -351
EPS in Rs -8.16 -2.17 -3.43 1.37 1.74 1.46 1.67 1.57 0.59 1.28 0.66 -22.08 -21.60
Dividend Payout % 0% 0% 0% 0% 0% 22% 0% 0% 0% 23% 0% 0%
Compounded Sales Growth
10 Years:9%
5 Years:-3%
3 Years:-15%
TTM:-15%
Compounded Profit Growth
10 Years:-5%
5 Years:%
3 Years:%
TTM:31%
Stock Price CAGR
10 Years:-1%
5 Years:-15%
3 Years:-44%
1 Year:32%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:-1%
Last Year:-13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
52 52 94 94 96 96 98 103 81 81 81 81 81
Reserves 160 152 233 254 287 279 311 357 381 402 412 46 33
Borrowings 187 160 105 115 17 135 142 109 150 270 310 269 206
72 71 61 91 147 70 98 104 146 187 200 200 241
Total Liabilities 448 413 493 531 548 581 649 673 758 941 1,003 597 561
154 150 140 127 107 98 123 108 119 248 244 260 248
CWIP 158 153 149 149 149 161 147 151 170 165 240 94 94
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
136 110 204 255 292 322 380 414 469 528 519 243 220
Total Assets 448 413 493 531 548 581 649 673 758 941 1,003 597 561

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-41 20 -112 79 -6 4 29 39 83 26 88 119
-97 -7 1 -1 15 -16 -25 -13 -64 -124 -94 -44
161 -29 110 -78 -8 11 -0 -27 -20 102 2 -72
Net Cash Flow 23 -17 -1 0 1 -1 4 -1 -0 4 -4 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -14% -8% -5% 4% 5% 5% 7% 9% 6% 8% 7% -3%
Debtor Days 43 43 126 83 118 65 153 135 141 145 132 121
Inventory Turnover 7.67 5.24 4.87 6.61 5.43 5.89 8.43 10.22 9.00 7.77 3.48 2.01

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
27.64 27.64 27.95 27.95 27.95 27.95 27.95 27.95 27.95 27.95 27.95 27.95
0.30 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
0.54 0.37 0.47 0.63 0.57 0.41 0.30 0.03 0.02 0.00 0.00 0.00
71.52 71.74 71.33 71.17 71.23 71.39 71.50 71.77 71.79 71.80 71.80 71.80

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