Aries Agro Ltd

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

Aries Agro Ltd

₹ 213 6.52%
06 Dec - 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 ₹ 277 Cr.
  • Current Price ₹ 213
  • High / Low ₹ 243 / 144
  • Stock P/E 22.3
  • Book Value ₹ 200
  • Dividend Yield 0.47 %
  • ROCE 14.2 %
  • ROE 6.83 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 1.07 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.72% over last 3 years.
  • Contingent liabilities of Rs.112 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
119 107 69 102 127 130 84 116 138 133 93 107 158
94 92 68 86 103 116 87 98 113 118 93 95 129
Operating Profit 25 15 2 15 24 14 -3 17 24 15 -0 13 29
OPM % 21% 14% 2% 15% 19% 10% -3% 15% 18% 11% -0% 12% 19%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 7 6 7 5 7 5 7 5 7 6 5 4 9
Depreciation 1 3 2 1 1 2 2 1 2 2 3 2 2
Profit before tax 17 7 -7 9 16 7 -11 11 16 7 -8 7 18
Tax % 30% 34% 33% 34% 31% 39% 30% 31% 17% 28% -18% 36% 31%
12 4 -5 5 11 3 -7 6 14 5 -10 5 12
EPS in Rs 9.27 3.63 -3.45 4.48 8.58 2.61 -5.44 5.39 11.05 3.94 -7.21 3.65 9.60
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
219 238 279 278 263 253 291 265 296 381 432 472 492
172 187 221 223 216 210 245 222 254 325 386 424 435
Operating Profit 47 51 58 55 46 42 46 44 42 57 47 48 57
OPM % 21% 21% 21% 20% 18% 17% 16% 16% 14% 15% 11% 10% 12%
4 2 1 1 1 -0 2 3 5 0 4 9 0
Interest 23 24 25 24 25 23 29 29 26 26 24 23 25
Depreciation 8 8 9 10 11 7 2 2 5 6 6 8 8
Profit before tax 21 20 25 22 12 12 17 16 16 25 20 25 24
Tax % 24% 21% 26% 13% 33% 54% 46% 50% 46% 30% 36% 37%
16 16 19 19 8 5 9 8 8 16 12 16 12
EPS in Rs 11.43 10.75 12.50 12.96 5.56 5.43 8.06 7.60 7.49 13.81 10.22 13.17 9.98
Dividend Payout % 13% 14% 16% 15% 27% 37% 29% 24% 7% 6% 8% 8%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 17%
TTM: 5%
Compounded Profit Growth
10 Years: 1%
5 Years: 12%
3 Years: 20%
TTM: -24%
Stock Price CAGR
10 Years: 18%
5 Years: 18%
3 Years: 33%
1 Year: 41%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 127 146 164 165 159 162 170 176 181 198 211 230 246
156 190 178 167 167 137 171 172 150 143 112 100 55
83 80 93 99 109 137 123 133 143 148 173 177 231
Total Liabilities 380 429 448 444 448 450 477 494 487 501 509 520 546
85 101 100 87 87 71 88 95 48 55 68 75 76
CWIP 20 14 11 9 16 22 14 15 12 13 0 0 1
Investments 2 2 2 2 2 0 0 0 59 57 57 62 63
273 313 335 345 342 357 376 384 368 376 384 382 406
Total Assets 380 429 448 444 448 450 477 494 487 501 509 520 546

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-25 0 31 38 34 48 14 44 59 56 69 54
-9 0 2 -11 -25 13 -2 -10 -41 -14 -13 -16
11 0 -41 -31 -9 -59 -12 -36 -21 -43 -56 -37
Net Cash Flow -23 0 -8 -4 -0 2 0 -2 -4 -0 0 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 147 155 173 172 164 206 228 256 143 118 100 91
Inventory Days 525 444 387 394 412 518 363 478 466 271 234 210
Days Payable 176 115 117 110 84 128 165 207 197 101 111 90
Cash Conversion Cycle 496 483 443 457 493 596 426 526 412 288 224 212
Working Capital Days 296 360 334 356 374 362 338 368 291 230 187 167
ROCE % 15% 13% 14% 12% 10% 10% 12% 12% 12% 14% 13% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 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% 0.03% 0.24% 0.20% 0.34% 0.48% 0.56% 1.94% 1.78% 2.10%
0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
47.34% 47.34% 47.34% 47.31% 47.11% 47.14% 47.00% 46.86% 46.78% 45.40% 45.56% 45.23%
No. of Shareholders 14,24314,18316,38418,42418,12119,19719,10118,31418,85118,54017,88717,899

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