Arrow Greentech Ltd

Arrow Greentech Ltd

₹ 394 -3.21%
28 Feb - close price
About

Arrow Greentech Limited is engaged in the business of developing biodegradable (green) products and high-tech products. [1]

Key Points

Products[1]
Green Products: It includes Water Soluble Films, BioCompostable Products, Security products, Health, Hygiene & Food and Printing & PSA Materials etc. Watersol is the trademark product of Arrow Greentech Ltd.

  • Market Cap 593 Cr.
  • Current Price 394
  • High / Low 517 / 180
  • Stock P/E 18.5
  • Book Value 73.6
  • Dividend Yield 0.25 %
  • ROCE 20.9 %
  • ROE 14.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 135% CAGR over last 5 years

Cons

  • Stock is trading at 5.35 times its book value
  • Company has a low return on equity of 3.59% over last 3 years.
  • Debtor days have increased from 58.8 to 88.2 days.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
15.34 27.18 14.99 7.44 6.76 4.49 12.01 17.56 31.07 48.14 43.86 29.12 24.91
10.72 22.59 13.73 8.04 9.83 9.41 15.93 17.16 22.64 29.54 29.49 20.12 17.61
Operating Profit 4.62 4.59 1.26 -0.60 -3.07 -4.92 -3.92 0.40 8.43 18.60 14.37 9.00 7.30
OPM % 30.12% 16.89% 8.41% -8.06% -45.41% -109.58% -32.64% 2.28% 27.13% 38.64% 32.76% 30.91% 29.31%
0.55 1.18 0.60 0.40 0.07 0.61 0.44 0.60 0.06 1.25 0.71 0.57 0.64
Interest 0.19 0.18 0.18 0.17 0.15 0.16 0.29 0.26 0.22 0.38 0.09 0.09 0.10
Depreciation 1.22 1.31 0.97 1.18 1.19 1.36 1.18 1.55 2.14 1.80 1.71 1.97 2.11
Profit before tax 3.76 4.28 0.71 -1.55 -4.34 -5.83 -4.95 -0.81 6.13 17.67 13.28 7.51 5.73
Tax % 1.06% -19.16% -28.17% -12.26% 5.07% 25.73% 8.28% 144.44% 40.78% 27.50% 29.82% 32.62% 14.83%
3.72 5.10 0.91 -1.73 -4.12 -4.32 -4.54 0.36 3.63 12.81 9.32 5.06 4.88
EPS in Rs 2.58 3.36 0.55 -1.22 -2.90 -3.05 -3.22 0.27 2.43 8.46 6.19 3.38 3.25
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
4 15 35 49 51 53 35 34 22 52 34 109 146
5 12 16 19 14 16 29 49 29 44 41 85 97
Operating Profit -1 2 19 29 37 36 5 -14 -7 9 -7 24 49
OPM % -26% 17% 54% 60% 73% 69% 16% -42% -34% 17% -21% 22% 34%
1 1 1 1 5 5 2 1 1 2 2 2 3
Interest 0 0 0 0 0 0 0 0 1 1 1 1 1
Depreciation 0 0 0 1 1 2 4 4 4 5 5 7 8
Profit before tax -1 3 20 30 41 39 3 -17 -10 6 -11 18 44
Tax % -1% 8% 19% 22% 24% 12% 95% 1% 2% -22% 16% 32%
-1 3 16 22 31 35 0 -17 -10 7 -9 12 32
EPS in Rs -0.87 1.82 11.22 15.84 21.67 24.19 0.19 -11.83 -7.07 4.55 -6.62 8.14 21.28
Dividend Payout % 0% 34% 11% 13% 17% 19% 870% -4% 0% 0% 0% 12%
Compounded Sales Growth
10 Years: 22%
5 Years: 26%
3 Years: 70%
TTM: 124%
Compounded Profit Growth
10 Years: 17%
5 Years: 135%
3 Years: 49%
TTM: 763%
Stock Price CAGR
10 Years: 27%
5 Years: 41%
3 Years: 72%
1 Year: 115%
Return on Equity
10 Years: 12%
5 Years: -4%
3 Years: 4%
Last Year: 14%

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 11 12 12 12 12 12 12 12 14 14 14 15 15
Reserves 4 5 18 35 58 86 86 66 62 70 61 83 96
10 3 0 0 0 0 0 0 5 5 5 3 2
2 5 11 13 16 8 8 9 10 9 9 20 17
Total Liabilities 27 25 41 60 86 106 106 87 92 99 89 121 130
2 3 8 11 16 26 26 23 28 26 28 37 38
CWIP 1 1 1 1 1 1 1 2 10 12 13 1 0
Investments -0 -0 7 15 15 18 29 17 14 9 1 0 0
24 22 25 33 53 60 49 45 40 53 46 83 90
Total Assets 27 25 41 60 86 106 106 87 92 99 89 121 130

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
-1 7 23 26 27 17 5 -16 3 1 2 3
0 -0 -12 -11 -6 -12 -13 8 -24 2 -2 -14
6 -7 -2 -4 -7 -2 -6 -3 12 -2 -2 8
Net Cash Flow 5 0 9 11 14 2 -14 -11 -8 2 -1 -3

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 422 50 5 4 40 66 84 81 56 49 40 88
Inventory Days 562 856 495 78 229 204 84 99 51 127 101
Days Payable 228 615 649 153 267 111 49 80 27 60 68
Cash Conversion Cycle 755 292 -149 -71 40 28 178 116 75 73 106 121
Working Capital Days 850 98 -39 -68 -35 57 119 116 59 103 127 110
ROCE % -4% 14% 80% 76% 69% 46% 3% -19% -12% 7% -12% 21%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
70.28% 70.35% 70.35% 70.35% 70.35% 70.35% 70.35% 68.60% 68.60% 68.60% 68.60% 68.60%
0.21% 0.21% 0.21% 0.06% 0.00% 0.00% 0.01% 0.00% 0.13% 0.00% 0.02% 0.00%
29.52% 29.45% 29.45% 29.59% 29.65% 29.65% 29.64% 31.40% 31.28% 31.41% 31.38% 31.42%
No. of Shareholders 7,6387,7447,7738,6948,9348,7199,2687,8327,7608,2018,13712,630

* 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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