Aries Agro Ltd

Aries Agro Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aries Agro Ltd

₹ 175 0.11%
21 Sep - close price
ariesagro.com BSE: 532935 NSE : ARIES
About

Aries Agro Ltd was founded by Dr. T. B. Mirchandani and Mrs. Bala Mirchandani in 1969. It started activity by manufacturing a small range of mineral feed additives for animals & birds and then diversified into mineral additives for the agriculture use. In 1975, it diversified into nutrients for plants with the introduction of Chelated Micronutrients. It pioneered the concept of Chelates in India with the introduction of "Agromin", a micronutrient fertilizer in the year 1975, followed by "Chelamin" in 1976. Agromin (chelated micronutrients) and Chelamin (chelated zinc) are the company's flagship brands. It is one of the leading manufacturers and sellers of Chelates in the Country [1]

Key Points

Products
1 Micronutrients: It consists of a blend of mineral elements comprising Zinc (Zn), Copper (Cu), Manganese (Mn), Iron (Fe), Boron (B), Molybdenum (Mo). Products include Chelamin, Ferrocare, Prozinc, Agripro, etc. [1]

Website BSE NSE
  • Market Cap ₹ 227 Cr.
  • Current Price ₹ 175
  • High / Low ₹ 243 / 127
  • Stock P/E 13.3
  • Book Value ₹ 175
  • Dividend Yield 0.57 %
  • ROCE 16.3 %
  • ROE 9.28 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.00 times its book value

Cons

  • Company has a low return on equity of 10.4% over last 3 years.
  • Contingent liabilities of Rs.222 Cr.
  • Dividend payout has been low at 5.50% of profits over last 3 years
  • Company's cost of borrowing seems high

* 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: Fertilizers Industry: Fertilizers

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
87.91 119.98 108.37 70.43 103.00 128.04 130.69 85.33 116.72 138.81 133.54 92.67 107.65
71.16 93.56 92.22 67.40 86.19 102.23 115.75 86.38 98.21 113.36 118.05 92.01 93.93
Operating Profit 16.75 26.42 16.15 3.03 16.81 25.81 14.94 -1.05 18.51 25.45 15.49 0.66 13.72
OPM % 19.05% 22.02% 14.90% 4.30% 16.32% 20.16% 11.43% -1.23% 15.86% 18.33% 11.60% 0.71% 12.75%
-0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Interest 6.39 6.90 5.50 7.10 5.12 7.36 4.91 6.91 4.80 6.61 6.35 5.38 3.71
Depreciation 1.35 1.08 2.51 1.44 1.18 0.92 1.69 1.87 1.35 1.87 1.95 2.44 1.73
Profit before tax 9.01 18.44 8.14 -5.51 10.51 17.53 8.34 -9.83 12.36 16.97 7.19 -7.16 8.28
Tax % 25.31% 28.15% 28.26% 42.29% 29.02% 28.69% 30.46% 32.25% 28.16% 15.67% 21.14% -20.39% 31.16%
6.73 13.26 5.83 -3.18 7.46 12.50 5.80 -6.66 8.88 14.30 5.67 -8.62 5.71
EPS in Rs 5.18 10.20 4.48 -2.45 5.74 9.61 4.46 -5.12 6.83 11.00 4.36 -6.63 4.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
174 173 214 209 208 217 261 265 296 381 439 483 473
140 138 173 172 176 177 216 220 253 324 392 423 417
Operating Profit 34 35 41 37 32 40 45 45 43 57 48 60 55
OPM % 20% 20% 19% 18% 15% 18% 17% 17% 14% 15% 11% 12% 12%
5 2 2 1 1 2 4 7 11 5 9 -0 0
Interest 21 21 23 21 21 21 25 27 26 26 24 23 22
Depreciation 2 2 1 2 2 2 2 2 5 6 6 8 8
Profit before tax 16 14 18 15 10 18 22 23 23 30 27 29 25
Tax % 37% 33% 37% 22% 39% 35% 35% 34% 32% 25% 28% 31%
10 9 12 12 6 12 14 15 16 23 19 20 17
EPS in Rs 8.04 7.18 8.87 9.08 4.92 9.10 10.88 11.46 12.00 17.41 14.63 15.56 13.12
Dividend Payout % 19% 21% 23% 22% 30% 22% 21% 16% 4% 5% 5% 6%
Compounded Sales Growth
10 Years: 11%
5 Years: 13%
3 Years: 18%
TTM: 3%
Compounded Profit Growth
10 Years: 7%
5 Years: 7%
3 Years: 8%
TTM: -17%
Stock Price CAGR
10 Years: 17%
5 Years: 11%
3 Years: 33%
1 Year: 26%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 10%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
13 13 13 13 13 13 13 13 13 13 13 13
Reserves 112 119 127 122 113 122 133 144 155 178 196 214
124 148 132 114 114 112 149 161 150 142 110 96
60 57 51 55 60 71 90 107 136 143 168 173
Total Liabilities 309 337 323 304 299 318 385 425 454 476 486 497
30 37 35 21 26 25 34 39 48 54 65 70
CWIP 20 14 11 9 9 15 14 15 12 12 -0 -0
Investments 20 20 20 20 20 20 20 20 20 20 20 23
239 266 257 254 244 258 317 352 374 389 401 405
Total Assets 309 337 323 304 299 318 385 425 454 476 486 497

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-24 -0 25 31 25 30 31 48 57 55 66 53
9 -0 13 3 -12 -4 -37 -31 -24 -12 -8 -15
-7 -0 -46 -38 -13 -25 7 -19 -37 -43 -58 -37
Net Cash Flow -22 -0 -8 -4 0 1 0 -2 -4 -0 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 143 174 162 171 142 135 133 137 125 104 88 81
Inventory Days 538 583 369 427 364 553 458 478 466 271 233 211
Days Payable 173 182 101 137 82 143 185 189 197 101 108 87
Cash Conversion Cycle 509 575 430 461 424 545 406 425 394 275 214 205
Working Capital Days 318 402 324 329 312 302 306 327 296 240 199 181
ROCE % 16% 14% 15% 14% 13% 16% 17% 16% 16% 17% 16% 16%

Shareholding Pattern

Numbers in percentages

6 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66%
0.00% 0.00% 0.00% 0.00% 0.03% 0.24% 0.20% 0.34% 0.48% 0.56% 1.94% 1.78%
0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
47.34% 47.34% 47.34% 47.34% 47.31% 47.11% 47.14% 47.00% 46.86% 46.78% 45.40% 45.56%
No. of Shareholders 13,14014,24314,18316,38418,42418,12119,19719,10118,31418,85118,54017,887

* 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

DRHP

Credit ratings

Concalls

  • Nov 2019
    Transcript
    Notes
    PPT
  • Nov 2019
    Transcript
    Notes
    PPT
  • Aug 2019
    Transcript
    Notes
    PPT
  • Mar 2019
    Transcript
    Notes
    PPT
  • Dec 2018
    Transcript
    Notes
    PPT