Ambika Cotton Mills Ltd

Ambika Cotton Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ambika Cotton Mills Ltd

₹ 1,455 -0.85%
30 May - close price
acmills.in BSE: 531978 NSE : AMBIKCO
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 accounted for 66% of its revenue for FY22[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]

Website BSE NSE
  • Market Cap ₹ 833 Cr.
  • Current Price ₹ 1,455
  • High / Low ₹ 1,954 / 1,310
  • Stock P/E 7.44
  • Book Value ₹ 1,426
  • Dividend Yield 2.41 %
  • ROCE 20.6 %
  • ROE 14.5 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 1.02 times its book value

Cons

  • The company has delivered a poor sales growth of 7.73% 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.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Figures in Rs. Crores

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
147 99 146 193 196 188 220 252 260 254 219 188 186
125 84 120 156 148 131 152 176 192 196 176 146 155
Operating Profit 22 15 26 37 48 56 68 76 69 58 43 42 31
OPM % 15% 15% 18% 19% 25% 30% 31% 30% 26% 23% 20% 22% 17%
0 0 0 0 0 0 1 2 2 3 3 4 4
Interest 2 2 2 1 1 0 0 0 0 1 1 2 3
Depreciation 7 7 7 7 7 7 7 7 7 7 7 7 7
Profit before tax 13 6 17 28 40 49 62 70 63 53 38 37 25
Tax % 17% 18% 23% 24% 27% 26% 26% 26% 26% 27% 26% 27% 27%
Net Profit 10 5 13 21 29 36 46 52 47 39 28 27 18
EPS in Rs 18.22 8.75 22.48 36.86 50.60 62.60 79.48 90.57 81.57 67.90 49.05 46.85 31.67
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Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
389 398 477 495 492 528 584 656 623 633 921 848
311 311 373 395 399 423 471 531 517 507 650 673
Operating Profit 78 87 104 100 93 105 113 125 106 126 271 175
OPM % 20% 22% 22% 20% 19% 20% 19% 19% 17% 20% 29% 21%
1 0 0 1 2 1 1 1 1 0 5 14
Interest 20 19 13 7 6 4 6 10 10 7 2 6
Depreciation 27 27 32 29 30 29 29 29 28 29 29 30
Profit before tax 32 41 60 64 59 72 80 87 69 90 244 152
Tax % 26% 24% 19% 20% 25% 23% 23% 27% 24% 25% 26% 27%
Net Profit 24 31 48 51 44 56 61 63 52 68 180 112
EPS in Rs 40.65 52.73 81.94 87.11 75.68 97.36 106.67 110.36 91.28 118.69 314.22 195.46
Dividend Payout % 12% 18% 15% 16% 20% 0% 33% 27% 16% 30% 11% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 11%
TTM: -8%
Compounded Profit Growth
10 Years: 14%
5 Years: 13%
3 Years: 29%
TTM: -38%
Stock Price CAGR
10 Years: 22%
5 Years: 2%
3 Years: 31%
1 Year: -20%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 18%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 6 6 6 6 6 6 6 6 6 6 6
Reserves 190 215 254 295 329 369 423 469 500 559 719 811
152 94 100 63 20 9 28 89 69 0 0 0
90 108 95 86 69 93 107 50 51 64 99 164
Total Liabilities 438 423 455 450 424 476 565 613 626 629 824 980
310 291 289 270 255 254 259 260 246 245 227 215
CWIP 0 0 1 0 0 0 0 1 6 4 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
128 131 165 180 169 222 305 352 373 380 596 765
Total Assets 438 423 455 450 424 476 565 613 626 629 824 980

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
135 87 38 43 67 67 16 10 50 103 302 -80
-4 -9 -28 -9 -13 -28 -32 -46 -3 -25 -3 -4
-132 -79 -8 -34 -52 -32 10 36 -46 -84 -21 -26
Net Cash Flow -1 -1 1 0 2 6 -5 1 1 -5 277 -110

Ratios

Figures in Rs. Crores

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 10 6 4 4 14 28 8 7 11 8 18 17
Inventory Days 127 143 175 173 150 167 233 239 281 285 165 280
Days Payable 52 77 43 27 23 49 59 6 9 21 43 87
Cash Conversion Cycle 85 72 136 150 141 146 182 239 283 272 140 211
Working Capital Days 33 22 53 79 95 99 142 171 196 191 94 147
ROCE % 13% 18% 22% 20% 18% 21% 20% 19% 14% 17% 38% 21%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
50.17 50.17 50.17 50.17 50.17 50.17 50.17 50.17 50.17 50.17 50.17 50.17
4.41 3.72 0.00 0.00 0.11 1.12 2.30 3.42 3.99 3.89 3.45 3.06
0.06 0.02 0.02 0.02 0.02 0.02 0.02 0.13 0.08 0.02 0.02 0.09
45.35 46.08 49.81 49.81 49.70 48.69 47.51 46.27 45.76 45.92 46.36 46.68

* 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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Documents

Announcements

Annual reports

Credit ratings