Ambika Cotton Mills Ltd
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.
- Market Cap ₹ 810 Cr.
- Current Price ₹ 1,414
- High / Low ₹ 1,890 / 1,370
- Stock P/E 12.5
- Book Value ₹ 1,486
- Dividend Yield 2.47 %
- ROCE 20.7 %
- ROE 14.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.95 times its book value
- Company has been maintaining a healthy dividend payout of 19.5%
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
Quarterly Results
Figures in Rs. Crores
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
389 | 398 | 477 | 495 | 492 | 528 | 584 | 656 | 623 | 633 | 921 | 848 | 804 | |
311 | 311 | 373 | 395 | 399 | 423 | 471 | 531 | 517 | 507 | 650 | 672 | 694 | |
Operating Profit | 78 | 87 | 104 | 100 | 93 | 105 | 113 | 125 | 106 | 126 | 271 | 176 | 110 |
OPM % | 20% | 22% | 22% | 20% | 19% | 20% | 19% | 19% | 17% | 20% | 29% | 21% | 14% |
1 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 0 | 5 | 14 | 23 | |
Interest | 20 | 19 | 13 | 7 | 6 | 4 | 6 | 10 | 10 | 7 | 2 | 7 | 17 |
Depreciation | 27 | 27 | 32 | 29 | 30 | 29 | 29 | 29 | 28 | 29 | 29 | 30 | 28 |
Profit before tax | 32 | 41 | 60 | 64 | 59 | 72 | 80 | 87 | 69 | 90 | 244 | 152 | 88 |
Tax % | 26% | 24% | 19% | 20% | 25% | 23% | 23% | 27% | 24% | 25% | 26% | 27% | |
24 | 31 | 48 | 51 | 44 | 56 | 61 | 63 | 52 | 68 | 180 | 112 | 65 | |
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 | 195.44 | 113.57 |
Dividend Payout % | 12% | 18% | 15% | 16% | 20% | 0% | 33% | 27% | 16% | 30% | 11% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 11% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 13% |
3 Years: | 29% |
TTM: | -54% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 5% |
3 Years: | 17% |
1 Year: | 3% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 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 | 845 |
152 | 94 | 100 | 63 | 20 | 9 | 28 | 89 | 69 | 0 | 0 | 0 | 0 | |
90 | 108 | 95 | 86 | 69 | 93 | 107 | 50 | 51 | 64 | 99 | 164 | 189 | |
Total Liabilities | 438 | 423 | 455 | 450 | 424 | 476 | 565 | 613 | 626 | 629 | 824 | 980 | 1,039 |
310 | 291 | 289 | 270 | 255 | 254 | 259 | 260 | 246 | 245 | 227 | 215 | 206 | |
CWIP | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 6 | 4 | 0 | 0 | 13 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
128 | 131 | 165 | 180 | 169 | 222 | 305 | 352 | 373 | 380 | 596 | 765 | 821 | |
Total Assets | 438 | 423 | 455 | 450 | 424 | 476 | 565 | 613 | 626 | 629 | 824 | 980 | 1,039 |
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% |
Documents
Announcements
- Closure of Trading Window 25 Mar
- Unaudited Financial Results & Limited Review Report For The Nine Months/Quarter Ended 31.12.2023 8 Feb
- Board Meeting Intimation for Notice For Board Meeting As per Regulation 29 Of SEBI (LODR) Regulations, 2015 For The Quarter/ Nine Months Ended 31.12.2023 30 Jan
- Business Responsibility and Sustainability Reporting (BRSR) 11 Jan
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jan
Annual reports
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Financial Year 2023
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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 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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]