Aksh Optifibre Ltd

₹ 9.15 -0.54%

19 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
Book Value ₹ 4.09
Dividend Yield 0.00 %
ROCE 9.05 %
ROE 8.02 %
Face Value ₹ 5.00

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Pros

Debtor days have improved from 81.2 to 49.5 days.

Cons

Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -0.63%
The company has delivered a poor sales growth of -14.3% over past five years.
Promoter holding is low: 26.1%
Company has a low return on equity of -5.76% over last 3 years.
Contingent liabilities of Rs.53.9 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

Consolidated Figures in Rs. Crores / View Standalone

	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
	65.23	67.38	74.72	74.34	79.12	88.18	79.93	58.69	68.32	79.57	57.93	60.34	51.72
	58.83	58.41	62.44	63.05	67.02	73.17	65.40	50.45	55.95	67.03	50.19	58.31	48.69
Operating Profit	6.40	8.97	12.28	11.29	12.10	15.01	14.53	8.24	12.37	12.54	7.74	2.03	3.03
OPM %	9.81%	13.31%	16.43%	15.19%	15.29%	17.02%	18.18%	14.04%	18.11%	15.76%	13.36%	3.36%	5.86%
	2.60	-0.26	1.28	0.69	2.19	0.40	0.45	0.62	0.50	-13.01	0.18	6.64	1.67
Interest	6.93	7.65	6.81	6.52	6.52	5.68	5.33	5.38	3.30	4.44	4.14	3.84	3.38
Depreciation	6.15	5.71	5.91	6.09	5.97	5.86	5.91	6.15	6.30	6.21	5.59	5.50	5.45
Profit before tax	-4.08	-4.65	0.84	-0.63	1.80	3.87	3.74	-2.67	3.27	-11.12	-1.81	-0.67	-4.13
Tax %	-2.45%	-12.47%	171.43%	-147.62%	95.56%	56.85%	56.95%	0.00%	63.61%	-20.77%	0.55%	-635.82%	-1.94%
	-4.18	-5.22	-0.60	-1.56	0.07	1.68	1.61	-2.67	1.19	-13.44	-1.80	-4.93	-4.21
EPS in Rs	-0.26	-0.32	-0.04	-0.10	0.00	0.10	0.10	-0.16	0.07	-0.83	-0.11	-0.30	-0.26
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	273	257	239	356	449	489	618	530	300	272	316	287	250
	251	219	204	307	372	439	544	447	294	247	266	239	224
Operating Profit	22	38	35	49	77	50	74	84	7	26	51	48	25
OPM %	8%	15%	14%	14%	17%	10%	12%	16%	2%	9%	16%	17%	10%
	17	8	9	5	-12	4	1	6	-317	3	5	-11	-5
Interest	5	4	7	11	15	15	19	32	31	29	26	18	16
Depreciation	13	17	15	17	21	22	24	30	25	25	24	25	23
Profit before tax	21	26	22	26	29	18	33	27	-366	-25	6	-7	-18
Tax %	5%	0%	0%	3%	13%	47%	36%	61%	2%	-1%	107%	-100%
	20	26	22	25	26	10	21	11	-359	-25	-0	-14	-24
EPS in Rs	1.37	1.74	1.46	1.67	1.57	0.59	1.28	0.66	-22.08	-1.56	-0.03	-0.83	-1.50
Dividend Payout %	0%	0%	22%	0%	0%	0%	23%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	1%
5 Years:	-14%
3 Years:	-2%
TTM:	-15%

Compounded Profit Growth
10 Years:	-10%
5 Years:	-20%
3 Years:	30%
TTM:	-1028%

Stock Price CAGR
10 Years:	-6%
5 Years:	-12%
3 Years:	15%
1 Year:	1%

Return on Equity
10 Years:	2%
5 Years:	-4%
3 Years:	-6%
Last Year:	8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	96	96	98	103	81	81	81	81	81	81	81	81
Reserves	254	287	279	311	357	381	402	412	46	22	22	-6	-15
	115	17	135	142	109	150	270	310	269	245	210	183	169
	91	147	70	98	104	146	187	200	200	165	164	118	132
Total Liabilities	531	548	581	649	673	758	941	1,003	597	513	477	376	368
	127	107	98	123	108	119	248	244	260	238	215	191	178
CWIP	149	149	161	147	151	170	165	240	94	92	92	92	94
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	255	292	322	380	414	469	528	519	243	183	170	94	96
Total Assets	531	548	581	649	673	758	941	1,003	597	513	477	376	368

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	79	-6	4	29	39	83	26	88	119	65	57	46
	-1	15	-16	-25	-13	-64	-124	-94	-44	4	1	-3
	-78	-8	11	-0	-27	-20	102	2	-72	-73	-54	-45
Net Cash Flow	0	1	-1	4	-1	-0	4	-4	4	-3	4	-2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	83	118	65	153	135	141	145	132	121	103	91	50
Inventory Days	68	58	65	48	34	55	52	150	135	122	94	61
Days Payable	86	117	110	101	100	118	104	144	191	228	191	114
Cash Conversion Cycle	65	59	19	100	69	79	94	137	65	-3	-6	-3
Working Capital Days	118	188	320	257	215	177	154	170	-8	-19	-21	-39
ROCE %	4%	6%	5%	7%	9%	6%	8%	7%	-3%	1%	9%	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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