Ambika Cotton Mills Ltd

Ambika Cotton Mills Ltd

₹ 1,567 1.04%
22 Apr 12:28 p.m.
About

Ambika Cotton Mills is engaged in manufacturing and selling specialtycotton yarn catering to the needs of manufacturers of premium branded Shirts and T-shirts. [1]

Key Points

Product Differentiation
ACML specializes in manufacturing premium quality compact and Eli Twist yarn. The company uses extra-long staple cotton in its yarn manufacturing by importing high-quality Giza and Pima cotton from Egypt, Australia, and US[1]. This is used to manufacture premium branded shirts and t-shirts[2] enabling Ambika's products to command a premium against market rates.

  • Market Cap 897 Cr.
  • Current Price 1,567
  • High / Low 1,890 / 1,386
  • Stock P/E 13.8
  • Book Value 1,486
  • Dividend Yield 2.25 %
  • ROCE 20.7 %
  • ROE 14.5 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.05 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

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
193 196 188 220 252 260 254 219 188 186 222 199 196
156 148 131 152 176 192 196 176 146 155 197 173 169
Operating Profit 37 48 56 68 76 69 58 43 42 31 25 26 27
OPM % 19% 25% 30% 31% 30% 26% 23% 20% 22% 17% 11% 13% 14%
0 0 0 1 2 2 3 3 4 4 11 4 4
Interest 1 1 0 0 0 0 1 1 2 3 3 5 6
Depreciation 7 7 7 7 7 7 7 7 7 7 7 7 7
Profit before tax 28 40 49 62 70 63 53 38 37 25 27 18 18
Tax % 24% 27% 26% 26% 26% 26% 27% 26% 27% 27% 23% 28% 28%
21 29 36 46 52 47 39 28 27 18 21 13 13
EPS in Rs 36.86 50.60 62.60 79.48 90.57 81.57 67.90 49.05 46.85 31.67 36.24 22.92 22.74
Raw PDF

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: 18%
5 Years: 7%
3 Years: 22%
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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.17% 50.17% 50.17% 50.17% 50.17% 50.17% 50.17% 50.17% 50.17% 50.17% 50.17% 50.17%
0.11% 1.12% 2.30% 3.42% 3.99% 3.89% 3.45% 3.06% 2.67% 0.88% 0.46% 0.35%
0.02% 0.02% 0.02% 0.13% 0.08% 0.02% 0.02% 0.09% 0.11% 0.14% 0.13% 0.01%
49.70% 48.69% 47.51% 46.27% 45.76% 45.92% 46.36% 46.68% 47.06% 48.81% 49.23% 49.47%
No. of Shareholders 18,75519,22322,42524,82726,88527,89428,32327,65827,74327,29826,09326,419

* 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.

Click on the line-items to see the names of individual entities.

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