Amarjothi Spinning Mills Ltd

Amarjothi Spg. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Amarjothi Spinning Mills Ltd

₹ 186 5.30%
02 Jun - close price
amarjothi.net BSE: 521097
About

Amarjothi Spinning Mills Ltd is engaged in the business of processing and manufacturing of Yarn and Fiber and generation of Wind Power. [1]

Key Points

Market Presence
The Company is a major supplier of melange yarn in Tirupur market specifically.[1]

Products
The Co offers a range of yarn products that include cotton, organic cotton, organic exchange, viscose, polyester, bamboo, modal, excel, galaxy, neps, flax, multi-fiber series, and dyed yarn in various blends, shades, counts, and volumes. [2]

Clients
Some of the clients of the co. are Levis, H&M, Adidas, Tommy Hilfiger , Jack and Jones, etc. [3]

Geographical Split
Domestic: 92% in FY21 vs 94% in FY20
Export : 8% in FY21 vs 6% in FY20[4]

** Windmills **
The Company has acquired two windmills with the capacity of 4.2 MW at the cost of Rs.17 crores. Power generated by the company’s windmills are not fully utilized by the Electricity Board for which windmills were kept idle for some time in FY21.[5][6]

Land Acquisition
The Co has purchased 3.68 acres of land situated at Melandipuram Village, Tuticorin for 25 lakh and 3.90 acres of land situated at Ulakudi Village, Tuticorin for 25 lakhs. [7]

Labour scarcity
The company is facing labour scarcity problem and the management believes this might impact the production. It will also bear the impact of fluctuating yarn prices. [5]

Cost Savings
The Company is in the process of implementing several cost saving measures including modernization, which will make the product more competitive. [8]

Website BSE
  • Market Cap ₹ 125 Cr.
  • Current Price ₹ 186
  • High / Low ₹ 205 / 147
  • Stock P/E 12.4
  • Book Value ₹ 259
  • Dividend Yield 1.18 %
  • ROCE 9.03 %
  • ROE 5.95 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.72 times its book value
  • Promoter holding has increased by 0.92% over last quarter.

Cons

  • The company has delivered a poor sales growth of 2.03% over past five years.
  • Company has a low return on equity of 10.2% over last 3 years.
  • Dividend payout has been low at 10.1% of profits over last 3 years

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
49.89 21.74 36.32 41.23 67.45 61.21 73.81 50.37 64.91 73.92 44.51 32.56 58.75
44.16 15.71 30.26 32.38 60.49 52.93 64.01 43.09 57.04 64.20 39.32 27.91 50.34
Operating Profit 5.73 6.03 6.06 8.85 6.96 8.28 9.80 7.28 7.87 9.72 5.19 4.65 8.41
OPM % 11.49% 27.74% 16.69% 21.46% 10.32% 13.53% 13.28% 14.45% 12.12% 13.15% 11.66% 14.28% 14.31%
1.38 0.21 6.79 0.43 0.70 0.36 0.43 0.68 0.16 0.21 0.97 0.46 0.59
Interest 1.58 1.47 1.76 0.82 1.54 0.97 1.13 1.09 1.85 1.59 1.44 1.39 1.44
Depreciation 3.87 3.83 3.78 3.35 3.04 3.08 2.60 1.94 1.85 2.13 2.00 2.05 2.11
Profit before tax 1.66 0.94 7.31 5.11 3.08 4.59 6.50 4.93 4.33 6.21 2.72 1.67 5.45
Tax % 17.47% 20.21% 20.38% 17.42% 17.53% 17.65% 17.69% 17.65% 17.55% 17.55% 17.65% 20.36% 20.37%
Net Profit 1.37 0.75 5.83 4.22 2.54 3.79 5.36 4.06 3.56 5.12 2.24 1.33 4.34
EPS in Rs 2.03 1.11 8.64 6.25 3.76 5.61 7.94 6.01 5.27 7.59 3.32 1.97 6.43
Raw PDF

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
132 160 198 201 194 217 189 212 183 167 250 209
104 133 142 156 161 174 156 171 147 139 216 180
Operating Profit 29 27 56 45 33 43 34 41 36 29 34 29
OPM % 22% 17% 28% 22% 17% 20% 18% 19% 20% 17% 14% 14%
1 8 2 2 2 4 4 8 2 8 2 1
Interest 12 13 15 16 13 12 12 13 7 6 6 6
Depreciation 13 15 16 14 13 14 13 15 16 14 9 8
Profit before tax 4 6 27 18 9 21 13 20 15 16 20 16
Tax % 22% 36% 25% 24% 7% 35% 8% 29% 31% 1% -4% 37%
Net Profit 3 4 20 13 9 14 12 14 10 16 21 10
EPS in Rs 4.89 5.94 29.79 19.59 12.76 20.43 17.67 21.35 15.30 24.16 31.24 15.01
Dividend Payout % 31% 30% 7% 10% 16% 10% 11% 9% 13% 9% 7% 15%
Compounded Sales Growth
10 Years: 3%
5 Years: 2%
3 Years: 5%
TTM: -16%
Compounded Profit Growth
10 Years: 10%
5 Years: -3%
3 Years: 0%
TTM: -52%
Stock Price CAGR
10 Years: 14%
5 Years: 11%
3 Years: 52%
1 Year: 17%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 10%
Last Year: 6%

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
7 7 7 7 7 7 7 7 7 7 7 7
Reserves 39 41 61 73 80 93 103 116 125 140 159 168
80 91 114 95 77 69 120 77 54 67 87 58
25 28 41 34 26 34 21 28 33 25 26 26
Total Liabilities 150 167 223 208 189 203 251 228 219 237 279 258
81 101 124 119 106 84 123 108 104 120 111 136
CWIP 2 5 6 5 5 5 5 5 5 5 37 5
Investments 1 1 1 3 3 4 2 1 2 2 2 3
66 60 92 82 75 111 121 113 107 111 129 114
Total Assets 150 167 223 208 189 203 251 228 219 237 279 258

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
60 38 30 40 24 14 18 63 43 37 16
-7 -37 -37 -4 0 7 -51 -3 -12 -43 -30
-53 -1 7 -35 -24 -22 33 -59 -31 7 14
Net Cash Flow 0 0 0 -0 0 -1 -0 0 -1 1 -0

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 39 44 39 34 38 46 56 51 61 81 52 61
Inventory Days 208 84 206 185 155 231 297 178 186 188 172 185
Days Payable 14 18 50 30 12 27 18 29 49 21 27 32
Cash Conversion Cycle 233 110 195 189 181 250 335 199 198 248 197 214
Working Capital Days 123 86 103 98 118 143 196 154 162 181 144 168
ROCE % 12% 15% 26% 18% 13% 19% 12% 13% 11% 11% 11% 9%

Shareholding Pattern

Numbers in percentages

14 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
55.05 55.05 55.18 55.24 55.24 55.24 55.52 57.24 57.66 58.08 59.00 59.92
44.95 44.95 44.82 44.76 44.76 44.76 44.48 42.76 42.34 41.93 41.00 40.07

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