Amarjothi Spinning Mills Ltd
Amarjothi Spinning Mills Ltd is engaged in the business of processing and manufacturing of Yarn and Fiber and generation of Wind Power. [1]
- Market Cap ₹ 105 Cr.
- Current Price ₹ 155
- High / Low ₹ 210 / 144
- Stock P/E 8.55
- Book Value ₹ 259
- Dividend Yield 1.42 %
- ROCE 11.2 %
- ROE 13.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.60 times its book value
- Promoter holding has increased by 0.92% over last quarter.
Cons
- The company has delivered a poor sales growth of 2.91% over past five years.
- Company has a low return on equity of 11.3% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
124 | 132 | 160 | 198 | 201 | 194 | 217 | 189 | 212 | 183 | 167 | 250 | 216 | |
89 | 104 | 133 | 142 | 156 | 161 | 174 | 156 | 171 | 147 | 139 | 216 | 188 | |
Operating Profit | 35 | 29 | 27 | 56 | 45 | 33 | 43 | 34 | 41 | 36 | 29 | 34 | 27 |
OPM % | 28% | 22% | 17% | 28% | 22% | 17% | 20% | 18% | 19% | 20% | 17% | 14% | 13% |
4 | 1 | 8 | 2 | 2 | 2 | 4 | 4 | 8 | 2 | 8 | 2 | 2 | |
Interest | 11 | 12 | 13 | 15 | 16 | 13 | 12 | 12 | 13 | 7 | 6 | 6 | 6 |
Depreciation | 12 | 13 | 15 | 16 | 14 | 13 | 14 | 13 | 15 | 16 | 14 | 9 | 8 |
Profit before tax | 15 | 4 | 6 | 27 | 18 | 9 | 21 | 13 | 20 | 15 | 16 | 20 | 15 |
Tax % | 37% | 22% | 36% | 25% | 24% | 7% | 35% | 8% | 29% | 31% | 1% | -4% | |
Net Profit | 10 | 3 | 4 | 20 | 13 | 9 | 14 | 12 | 14 | 10 | 16 | 21 | 12 |
EPS in Rs | 14.52 | 4.89 | 5.94 | 29.79 | 19.59 | 12.76 | 20.43 | 17.67 | 21.35 | 15.30 | 24.16 | 31.24 | 18.15 |
Dividend Payout % | 14% | 31% | 30% | 7% | 10% | 16% | 10% | 11% | 9% | 13% | 9% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 3% |
3 Years: | 6% |
TTM: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | 10% |
3 Years: | 24% |
TTM: | -22% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 1% |
3 Years: | 29% |
1 Year: | -10% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |
Reserves | 37 | 39 | 41 | 61 | 73 | 80 | 93 | 103 | 116 | 125 | 140 | 159 | 168 |
115 | 80 | 91 | 114 | 95 | 77 | 69 | 120 | 77 | 54 | 67 | 87 | 39 | |
30 | 25 | 28 | 41 | 34 | 26 | 34 | 21 | 28 | 33 | 25 | 26 | 50 | |
Total Liabilities | 188 | 150 | 167 | 223 | 208 | 189 | 203 | 251 | 228 | 219 | 237 | 279 | 264 |
85 | 81 | 101 | 124 | 119 | 106 | 84 | 123 | 108 | 104 | 120 | 111 | 141 | |
CWIP | 5 | 2 | 5 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 37 | 5 |
Investments | 1 | 1 | 1 | 1 | 3 | 3 | 4 | 2 | 1 | 2 | 2 | 2 | 2 |
97 | 66 | 60 | 92 | 82 | 75 | 111 | 121 | 113 | 107 | 111 | 129 | 117 | |
Total Assets | 188 | 150 | 167 | 223 | 208 | 189 | 203 | 251 | 228 | 219 | 237 | 279 | 264 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 60 | 38 | 30 | 40 | 24 | 14 | 18 | 63 | 43 | 37 | 16 | |
-25 | -7 | -37 | -37 | -4 | 0 | 7 | -51 | -3 | -12 | -43 | -30 | |
24 | -53 | -1 | 7 | -35 | -24 | -22 | 33 | -59 | -31 | 7 | 14 | |
Net Cash Flow | 0 | 0 | 0 | 0 | -0 | 0 | -1 | -0 | 0 | -1 | 1 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 48 | 39 | 44 | 39 | 34 | 38 | 46 | 56 | 51 | 61 | 81 | 52 |
Inventory Days | 407 | 208 | 84 | 206 | 185 | 155 | 231 | 297 | 178 | 186 | 188 | 172 |
Days Payable | 32 | 14 | 18 | 50 | 30 | 12 | 27 | 18 | 29 | 49 | 21 | 27 |
Cash Conversion Cycle | 423 | 233 | 110 | 195 | 189 | 181 | 250 | 335 | 199 | 198 | 248 | 197 |
Working Capital Days | 225 | 123 | 86 | 103 | 98 | 118 | 143 | 196 | 154 | 162 | 181 | 144 |
ROCE % | 20% | 12% | 15% | 26% | 18% | 13% | 19% | 12% | 13% | 11% | 11% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Copy of the Standalone and Consolidated Unaudited Financial Results for the quarter ended December 31, 2022 published by the Company in the newspapers i.e. "Trinity …
- Unaudited Financial Results For The Quarter And Nine Months Ended 31.12.2022 1 Feb
- Board Meeting Outcome for Outcome Of Board Meeting For The Quarter And Nine Months Ended 31.12.2022 1 Feb
- Board Meeting Intimation for To Consider And Approve Unaudited Financial Results For The Quarter Ended 31.12.2022 23 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December, 2022 received from S.K.D.C. Consultants Limited, Registrar and …
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
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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]