Ambika Cotton Mills Ltd

₹ 1,665 -1.52%
16 Aug 1:09 p.m.
About

Ambika Cotton Mills is engaged in manufacturing and selling speciality cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Exports constitute significant portion of the operations. The company operates with total installed spindle capacity of 108288 (Previous Year 108288 Spindles) of compact facility housed in four units and Knitting facility of converting 40,000 Kgs of yarn per day into fabrics.

Key Points

Marquee Customers
Exports are 71.97% of revenue [1] and main overseas clients are Quannitex Enterprise Corporatio, Pacific Textiles and Winnitex Investment Company [2]. Main domestic customers are Arvind Mills, Raymond, Aashima Textiles and Morarjee [2]

  • Market Cap 953 Cr.
  • Current Price 1,665
  • High / Low 2,830 / 1,324
  • Stock P/E 5.19
  • Book Value 1,266
  • Dividend Yield 2.09 %
  • ROCE 38.0 %
  • ROE 27.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 26.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.0%

Cons

  • The company has delivered a poor sales growth of 11.8% over past five 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.

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Quarterly Results

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
151 160 165 147 99 146 193 196 188 220 252 260 254
122 136 134 125 84 120 156 148 131 152 176 192 196
Operating Profit 29 24 31 22 15 26 37 48 56 68 76 69 58
OPM % 19% 15% 19% 15% 15% 18% 19% 25% 30% 31% 30% 26% 23%
0 0 0 0 0 0 0 0 0 1 2 2 3
Interest 3 3 2 2 2 2 1 1 0 0 0 0 1
Depreciation 7 7 7 7 7 7 7 7 7 7 7 7 7
Profit before tax 20 14 22 13 6 17 28 40 49 62 70 63 53
Tax % 31% 18% 26% 17% 18% 23% 24% 27% 26% 26% 26% 26% 27%
Net Profit 14 12 16 10 5 13 21 29 36 46 52 47 39
EPS in Rs 24.09 20.59 28.37 18.22 8.75 22.48 36.86 50.60 62.60 79.48 90.57 81.57 67.90

Profit & Loss

Figures in Rs. Crores

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
327 389 398 477 495 492 528 584 656 623 633 921 987
228 311 311 373 395 399 423 471 531 517 507 651 715
Operating Profit 99 78 87 104 100 93 105 113 125 106 126 270 271
OPM % 30% 20% 22% 22% 20% 19% 20% 19% 19% 17% 20% 29% 28%
0 1 0 0 1 2 1 1 1 1 0 5 8
Interest 15 20 19 13 7 6 4 6 10 10 7 1 2
Depreciation 24 27 27 32 29 30 29 29 29 28 29 29 29
Profit before tax 60 32 41 60 64 59 72 80 87 69 90 244 248
Tax % 29% 26% 24% 19% 20% 25% 23% 23% 27% 24% 25% 26%
Net Profit 42 24 31 48 51 44 56 61 63 52 68 180 183
EPS in Rs 72.24 40.65 52.73 81.94 87.11 75.68 97.36 106.67 110.36 91.28 118.69 314.22 319.52
Dividend Payout % 7% 12% 18% 15% 16% 20% 0% 33% 27% 16% 30% 11%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 12%
TTM: 37%
Compounded Profit Growth
10 Years: 22%
5 Years: 26%
3 Years: 42%
TTM: 85%
Stock Price CAGR
10 Years: 25%
5 Years: 5%
3 Years: 26%
1 Year: 11%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 18%
Last Year: 28%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
6 6 6 6 6 6 6 6 6 6 6 6
Reserves 170 190 215 254 295 329 369 423 469 500 559 719
260 152 94 100 63 20 9 28 89 69 0 0
105 90 108 95 86 69 93 107 50 51 64 99
Total Liabilities 541 438 423 455 450 424 476 565 613 626 629 824
331 310 291 289 270 255 254 259 260 246 245 227
CWIP 1 0 0 1 0 0 0 0 1 6 4 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
209 128 131 165 180 169 222 305 352 373 380 596
Total Assets 541 438 423 455 450 424 476 565 613 626 629 824

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
73 135 87 38 43 67 67 16 10 50 105 300
-83 -4 -9 -28 -9 -13 -28 -32 -46 -3 -26 -1
7 -132 -79 -8 -34 -52 -32 10 36 -46 -84 -21
Net Cash Flow -3 -1 -1 1 0 2 6 -5 1 1 -5 277

Ratios

Figures in Rs. Crores

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 24 10 6 4 4 14 28 8 7 11 8 18
Inventory Days 324 127 143 175 173 150 167 233 239 281 285 165
Days Payable 92 8 10 43 27 23 49 59 6 9 21 43
Cash Conversion Cycle 255 128 139 136 150 141 146 182 239 283 272 140
Working Capital Days 111 33 22 53 79 95 99 142 171 196 191 94
ROCE % 19% 13% 18% 22% 20% 18% 21% 20% 19% 14% 17% 38%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
50.17 50.17 50.17 50.17 50.17 50.17 50.17 50.17 50.17 50.17 50.17 50.17
4.59 4.59 4.41 4.41 3.72 0.00 0.00 0.11 1.12 2.30 3.42 3.99
0.06 0.08 0.08 0.06 0.02 0.02 0.02 0.02 0.02 0.02 0.13 0.08
45.18 45.15 45.34 45.35 46.08 49.81 49.81 49.70 48.69 47.51 46.27 45.76

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