Aries Agro Ltd

₹ 149 0.74%
Jan 25 9:53 a.m.
About

Aries Agro is engaged in the business of manufacturing of small range of mineral feed additives for animals & birds and then diversified into mineral additives for the agriculture use and currently is into business of manufacturing micronutrients and other nutritional products for plants and animals.

Key Points

All flagship brands of Aries plant nutrients are based on Chelation Technology providing millions of farmers with a cost-effective, environmentally safe alternative to traditional fertilizers, compatible with modern crop management practices, new generation seeds, and high yielding crops. [1]

  • Market Cap 194 Cr.
  • Current Price 149
  • High / Low 194 / 74.7
  • Stock P/E 8.56
  • Book Value 160
  • Dividend Yield 0.52 %
  • ROCE 17.4 %
  • ROE 12.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.92 times its book value

Cons

  • Company has a low return on equity of 10.93% for last 3 years.
  • Contingent liabilities of Rs.83.84 Cr.
  • 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

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
74 58 66 96 88 58 88 120 108 70 103 128
61 52 52 71 74 57 71 94 92 67 86 102
Operating Profit 12 6 14 25 14 1 17 26 16 3 17 26
OPM % 17% 10% 21% 26% 16% 2% 19% 22% 15% 4% 16% 20%
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Interest 7 10 5 7 7 7 6 7 6 7 5 7
Depreciation 1 1 1 1 1 3 1 1 3 1 1 1
Profit before tax 4 -5 9 17 7 -10 9 18 8 -6 11 18
Tax % 23% 26% 39% 22% 9% 2% 25% 28% 28% 42% 29% 29%
Net Profit 3 -4 5 14 6 -9 7 13 6 -3 7 12
EPS in Rs 2.65 -3.01 4.04 10.47 4.67 -7.18 5.18 10.20 4.48 -2.45 5.74 9.61

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
126 140 174 173 214 209 208 217 261 265 296 381 410
100 106 140 138 173 172 176 177 216 220 253 324 348
Operating Profit 25 33 34 35 41 37 32 40 45 45 43 57 62
OPM % 20% 24% 20% 20% 19% 18% 15% 18% 17% 17% 14% 15% 15%
Other Income 3 4 5 2 2 1 1 2 4 7 11 5 0
Interest 9 13 21 21 23 21 21 21 25 27 26 26 25
Depreciation 2 2 2 2 1 2 2 2 2 2 5 6 6
Profit before tax 18 22 16 14 18 15 10 18 22 23 23 30 31
Tax % 37% 36% 37% 33% 37% 22% 39% 35% 35% 34% 32% 25%
Net Profit 11 14 10 9 12 12 6 12 14 15 16 23 23
EPS in Rs 8.57 11.06 8.04 7.18 8.87 9.08 4.92 9.10 10.88 11.46 12.00 17.41 17.38
Dividend Payout % 18% 18% 19% 21% 23% 22% 30% 22% 21% 16% 4% 5%
Compounded Sales Growth
10 Years: 11%
5 Years: 13%
3 Years: 13%
TTM: 16%
Compounded Profit Growth
10 Years: 5%
5 Years: 28%
3 Years: 17%
TTM: 35%
Stock Price CAGR
10 Years: 6%
5 Years: -3%
3 Years: 18%
1 Year: 55%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 11%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 93 105 112 119 127 122 113 122 133 144 155 178 195
Borrowings 83 103 124 148 132 114 114 112 149 161 150 135 101
40 79 60 57 51 55 60 71 90 107 136 150 184
Total Liabilities 229 300 309 337 323 304 299 318 385 425 454 476 493
32 32 30 37 35 21 26 25 34 39 48 54 56
CWIP 16 19 20 14 11 9 9 15 14 15 12 12 12
Investments 15 18 20 20 20 20 20 20 20 20 20 20 20
166 231 239 266 257 254 244 258 317 352 374 389 405
Total Assets 229 300 309 337 323 304 299 318 385 425 454 476 493

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
7 44 -24 0 25 31 25 30 31 48 57 57
-7 -18 9 0 13 3 -12 -4 -37 -31 -24 -12
8 6 -7 0 -46 -38 -13 -25 7 -19 -37 -44
Net Cash Flow 8 32 -22 0 -8 -4 0 1 0 -2 -4 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 189 128 143 174 162 171 142 135 133 137 125 104
Inventory Days 317 666 538 583 369 427 364 553 458 478 466 304
Days Payable 184 329 173 182 101 137 82 143 185 189 197 113
Cash Conversion Cycle 321 465 509 575 430 461 424 545 406 425 394 295
Working Capital Days 349 297 343 415 342 341 316 305 311 333 303 235
ROCE % 15% 17% 16% 14% 15% 14% 13% 16% 17% 16% 16% 17%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
52.66 52.66 52.66 52.66 52.66 51.11 52.66 52.66 52.66 52.66 52.66 52.66
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.24
0.15 0.17 0.14 0.14 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00
47.19 47.17 47.20 47.20 47.34 48.89 47.34 47.34 47.34 47.34 47.31 47.11

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