Arrow Textiles Ltd(Merged)

About

Arrow Textiles is engaged in manufacturing of textile woven labels, fabric printed labels and elastic / woven tape.

  • Market Cap 16.8 Cr.
  • Current Price 9.00
  • High / Low /
  • Stock P/E 120
  • Book Value 17.1
  • Dividend Yield 0.00 %
  • ROCE 3.34 %
  • ROE 2.72 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.53 times its book value

Cons

  • The company has delivered a poor sales growth of 0.28% over past five years.
  • Company has a low return on equity of 5.40% for last 3 years.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
11.55 12.04 10.11 8.39 10.17 10.98 11.43 9.48 11.20 10.31 12.49 11.05
9.56 9.27 8.87 7.90 8.59 8.10 9.54 8.86 9.97 9.18 11.55 11.01
Operating Profit 1.99 2.77 1.24 0.49 1.58 2.88 1.89 0.62 1.23 1.13 0.94 0.04
OPM % 17.23% 23.01% 12.27% 5.84% 15.54% 26.23% 16.54% 6.54% 10.98% 10.96% 7.53% 0.36%
Other Income 0.14 0.93 0.41 0.35 0.20 0.26 0.19 0.23 0.06 0.16 0.16 0.42
Interest 0.23 0.13 0.11 0.11 0.09 0.11 0.08 0.09 0.06 0.06 0.05 0.05
Depreciation 1.01 0.95 1.11 1.11 1.11 1.13 1.09 0.96 0.92 0.89 0.90 0.88
Profit before tax 0.89 2.62 0.43 -0.38 0.58 1.90 0.91 -0.20 0.31 0.34 0.15 -0.47
Tax % 33.71% 33.59% 37.21% 23.68% 24.14% 37.37% 29.67% 5.00% 29.03% -5.88% 26.67% -14.89%
Net Profit 0.59 1.74 0.27 -0.28 0.43 1.19 0.65 -0.19 0.22 0.36 0.11 -0.55
EPS in Rs 0.31 0.92 0.14 -0.15 0.23 0.63 0.34 -0.10 0.12 0.19 0.06 -0.29

Profit & Loss

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
0.00 18.70 23.37 29.30 31.87 36.83 41.83 47.81 49.02 47.33 39.65 42.42 45.05
0.00 16.37 20.36 21.79 25.79 28.52 32.60 35.69 36.93 38.35 33.47 37.56 41.71
Operating Profit 0.00 2.33 3.01 7.51 6.08 8.31 9.23 12.12 12.09 8.98 6.18 4.86 3.34
OPM % 12.46% 12.88% 25.63% 19.08% 22.56% 22.07% 25.35% 24.66% 18.97% 15.59% 11.46% 7.41%
Other Income 0.00 0.65 0.18 0.35 1.41 0.46 0.81 0.02 1.43 1.41 1.22 0.64 0.80
Interest 0.00 1.68 1.66 1.76 2.88 2.85 1.60 1.31 1.24 0.69 0.41 0.28 0.22
Depreciation 0.00 1.33 1.42 3.31 4.32 4.46 3.17 3.90 4.20 3.95 4.46 3.86 3.59
Profit before tax 0.00 -0.03 0.11 2.79 0.29 1.46 5.27 6.93 8.08 5.75 2.53 1.36 0.33
Tax % -1,766.67% 500.00% 50.90% 193.10% -104.11% 32.07% 31.75% 34.28% 32.70% 36.76% 24.26%
Net Profit 0.00 -0.56 -0.44 1.37 -0.27 2.98 3.57 4.73 5.31 3.88 1.61 1.04 0.14
EPS in Rs 0.72 -0.14 1.57 1.88 2.49 2.79 2.04 0.85 0.55 0.08
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 35.86% 73.61% 177.39% 0.00%
Compounded Sales Growth
10 Years:9%
5 Years:0%
3 Years:-5%
TTM:7%
Compounded Profit Growth
10 Years:29%
5 Years:-24%
3 Years:-44%
TTM:-93%
Stock Price CAGR
10 Years:0%
5 Years:-27%
3 Years:-29%
1 Year:%
Return on Equity
10 Years:9%
5 Years:9%
3 Years:5%
Last Year:3%

Balance Sheet

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
0.05 13.60 13.60 13.60 19.04 19.04 19.04 19.04 19.04 19.04 19.04 19.04 19.04
Reserves 0.00 -0.56 -1.00 0.37 0.11 3.09 6.66 11.23 14.27 18.12 16.34 13.89 13.43
Borrowings 0.00 12.60 7.18 20.40 18.51 17.49 8.54 12.90 5.65 4.22 3.01 1.81 0.30
0.03 3.62 10.30 7.41 5.52 4.30 4.80 5.14 7.71 6.22 5.66 6.40 7.35
Total Liabilities 0.08 29.26 30.08 41.78 43.18 43.92 39.04 48.31 46.67 47.60 44.05 41.14 40.12
0.00 19.34 17.84 27.44 24.86 22.53 20.42 24.38 21.02 18.24 16.17 13.42 11.92
CWIP 0.00 0.00 0.96 0.06 0.35 0.00 0.10 0.00 0.00 0.00 0.35 0.00 0.00
Investments 0.00 0.00 0.00 0.00 1.39 1.49 0.00 4.00 6.05 10.12 6.62 6.47 3.05
0.08 9.92 11.28 14.28 16.58 19.90 18.52 19.93 19.60 19.24 20.91 21.25 25.15
Total Assets 0.08 29.26 30.08 41.78 43.18 43.92 39.04 48.31 46.67 47.60 44.05 41.14 40.12

Cash Flows

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
0.03 2.83 2.91 4.55 4.38 5.40 9.91 10.72 7.97 9.03 3.35 5.80
-0.03 -1.46 -1.18 -12.91 -2.29 -1.58 0.40 -11.90 -1.48 -4.04 1.36 0.22
0.05 -0.92 -1.80 8.29 -2.00 -3.86 -10.57 3.11 -8.51 -4.40 -5.07 -4.94
Net Cash Flow 0.05 0.45 -0.07 -0.07 0.09 -0.04 -0.26 1.93 -2.01 0.60 -0.36 1.08

Ratios

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 93.49 109.95 95.80 115.90 126.56 91.97 86.04 92.85 88.53 110.65 102.31
Inventory Days 167.23 103.05 135.37 129.47 121.83 110.53 96.84 115.21 115.90 176.55 138.80
Days Payable 65.62 73.07 40.18 40.04 28.19 33.20 31.50 29.07 34.38 45.82 34.18
Cash Conversion Cycle 195.11 139.94 190.99 205.33 220.20 169.30 151.38 178.99 170.05 241.38 206.92
Working Capital Days 135.85 30.77 101.15 142.59 163.72 115.18 99.40 88.68 96.17 133.76 107.99
ROCE % 12.61% 8.63% 16.77% 6.86% 11.15% 18.68% 21.42% 22.14% 14.59% 5.64% 3.34%

Shareholding Pattern

Numbers in percentages

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
68.63 68.63 68.63 68.63 68.63 68.63 68.63 68.63 68.63 68.63 68.63 68.50
0.06 0.09 0.06 0.01 0.06 0.01 0.06 0.00 0.00 0.00 0.00 0.05
31.31 31.28 31.31 31.36 31.31 31.36 31.31 31.37 31.37 31.37 31.37 31.45

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