Avi Ansh Textile Ltd
Incorporated in April 2005, Avi Ansh Textile Limited is a manufacturer and exporter of cotton yarns.[1]
- Market Cap ₹ 140 Cr.
- Current Price ₹ 100
- High / Low ₹ 102 / 64.6
- Stock P/E 42.2
- Book Value ₹ 30.0
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 23.3 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.34 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.6% over last 3 years.
- Company might be capitalizing the interest cost
- Working capital days have increased from 67.5 days to 99.4 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.
Peer comparison
Sector: Textiles Industry: Textiles - Cotton/Blended
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 79 | 88 | 119 | 121 | 141 | |
| 74 | 82 | 114 | 117 | 132 | |
| Operating Profit | 5 | 6 | 6 | 4 | 9 |
| OPM % | 7% | 6% | 5% | 3% | 6% |
| 0 | 0 | 1 | 1 | 1 | |
| Interest | 2 | 2 | 1 | 2 | 2 |
| Depreciation | 4 | 3 | 3 | 3 | 3 |
| Profit before tax | 0 | 1 | 2 | 0 | 4 |
| Tax % | -33% | 26% | 28% | 26% | 25% |
| 0 | 1 | 2 | 0 | 3 | |
| EPS in Rs | 3.68 | 6.95 | 15.94 | 2.96 | 33.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 69% |
| TTM: | 968% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| Last Year: | 23% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 14 |
| Reserves | 0 | 1 | 3 | 3 | 6 | 28 |
| 32 | 34 | 27 | 32 | 45 | 37 | |
| 4 | 2 | 4 | 2 | 5 | 10 | |
| Total Liabilities | 45 | 47 | 43 | 47 | 65 | 89 |
| 20 | 18 | 16 | 15 | 20 | 20 | |
| CWIP | 0 | 0 | 1 | 4 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 25 | 29 | 26 | 28 | 45 | 70 | |
| Total Assets | 45 | 47 | 43 | 47 | 65 | 89 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -1 | 6 | 8 | 3 | -12 | |
| -1 | -0 | -2 | -5 | -3 | |
| 2 | 2 | -8 | 4 | 11 | |
| Net Cash Flow | 0 | 7 | -3 | 2 | -5 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 49 | 30 | 13 | 14 | 30 |
| Inventory Days | 69 | 83 | 54 | 51 | 97 |
| Days Payable | 17 | 6 | 9 | 1 | 6 |
| Cash Conversion Cycle | 101 | 107 | 58 | 64 | 121 |
| Working Capital Days | 94 | 76 | 49 | 54 | 99 |
| ROCE % | 6% | 8% | 5% | 13% |
Documents
Announcements
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Outcome of Board Meeting
11 November 2024 - Avi Ansh Textile Limited has informed regarding Board meeting held on November 11, 2024.
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Statement of deviation(s) or variation(s) under Reg. 32
11 November 2024 - Avi Ansh Textile Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
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Financial Result Updates
11 November 2024 - Avi Ansh Textile Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Board Meeting Intimation
4 November 2024 - AVI ANSH TEXTILE LIMITED has informed about Board Meeting to be held on 11-Nov-2024 to inter-alia consider and approve the Unaudited Financial results of the …
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Updates
23 October 2024 - Avi Ansh Textile Limited has informed regarding 'Non-applicability of the certain Regulations relating to Corporate Governance as specified in the SEBI (LODR) Regulations 2015'.
Annual reports
No data available.
Business Divisions[1]
Spinning: They operate spinning factories with a capacity of around 26,000 spindles, producing 5,400 MT of cotton yarn annually, including combed, carded, and hosiery yarns ranging from 20s to 40s count.
Knitting:[2] Recently, Avi Ansh Textiles expanded into fabric production, adding knitting to their offerings.
This division has 20 Knitting Machines with a total capacity of 5800 tons per Annum with a 92% utilization in FY23.