Avonmore Capital & Management Services Ltd

Avonmore Capital & Management Services Ltd

₹ 133 -3.38%
21 May - close price
About

Incorporated in 1992, Avonmore Capital Management Services Ltd provides loans
and advances to corporations, and sub-
broker advisory services[1]

Key Points

Registration:[1]
Company is registered as a Non Systematically Important Non Deposit Taking Non Banking Financial Corporation

  • Market Cap 309 Cr.
  • Current Price 133
  • High / Low 141 / 61.9
  • Stock P/E
  • Book Value 49.9
  • Dividend Yield 0.00 %
  • ROCE 20.5 %
  • ROE 18.8 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 628 to 70.9 days.

Cons

  • Stock is trading at 2.67 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.09% over last 3 years.
  • Working capital days have increased from 153 days to 382 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: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
0.87 0.94 0.93 0.97 0.90 1.04 26.28 3.51 2.39 3.16 2.49 2.50 2.33
0.33 1.29 0.29 0.30 0.68 0.49 0.71 0.26 0.48 1.09 1.45 1.50 0.36
Operating Profit 0.54 -0.35 0.64 0.67 0.22 0.55 25.57 3.25 1.91 2.07 1.04 1.00 1.97
OPM % 62.07% -37.23% 68.82% 69.07% 24.44% 52.88% 97.30% 92.59% 79.92% 65.51% 41.77% 40.00% 84.55%
0.02 0.00 0.00 0.00 0.01 0.30 0.01 0.00 0.01 0.02 0.00 0.00 0.00
Interest 0.19 0.23 0.22 0.21 0.05 0.00 0.46 1.35 1.66 2.30 1.76 1.71 1.70
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.02
Profit before tax 0.37 -0.58 0.42 0.46 0.18 0.85 25.12 1.90 0.25 -0.22 -0.73 -0.73 0.25
Tax % 27.03% 36.21% 26.19% 26.09% 27.78% 28.24% 25.80% 34.21% -120.00% 13.64% 27.40% 32.88% -236.00%
0.27 -0.37 0.31 0.34 0.13 0.61 18.64 1.25 0.55 -0.19 -0.53 -0.49 0.84
EPS in Rs 0.11 -0.15 0.13 0.14 0.05 0.25 7.68 0.54 0.24 -0.08 -0.23 -0.21 0.36
Raw PDF
Upcoming result date: 30 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
2.22 0.56 0.62 4.60 2.10 6.90 27.09 3.73 2.35 3.20 3.84 35.35 10.48
1.63 1.60 0.51 0.74 0.50 0.64 0.85 1.24 1.71 2.20 1.75 2.51 4.40
Operating Profit 0.59 -1.04 0.11 3.86 1.60 6.26 26.24 2.49 0.64 1.00 2.09 32.84 6.08
OPM % 26.58% -185.71% 17.74% 83.91% 76.19% 90.72% 96.86% 66.76% 27.23% 31.25% 54.43% 92.90% 58.02%
0.02 1.25 0.02 0.01 0.10 0.02 0.02 0.20 0.22 0.01 0.31 0.04 0.02
Interest 2.04 0.21 0.00 0.28 0.19 0.06 0.00 0.20 0.04 0.43 0.48 5.78 7.47
Depreciation 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.04 0.06
Profit before tax -1.44 -0.02 0.13 3.59 1.51 6.22 26.26 2.49 0.82 0.58 1.91 27.06 -1.43
Tax % 2.08% -150.00% -23.08% 4.74% 5.30% 0.16% 21.29% -8.03% 19.51% 18.97% 28.27% 25.13%
-1.41 -0.05 0.17 3.42 1.42 6.21 20.68 2.69 0.65 0.47 1.38 20.27 -0.37
EPS in Rs -1.02 -0.04 0.08 1.41 0.59 2.56 8.52 1.11 0.27 0.19 0.57 8.68 -0.16
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 51%
5 Years: 5%
3 Years: 147%
TTM: -68%
Compounded Profit Growth
10 Years: 82%
5 Years: 0%
3 Years: 215%
TTM: -102%
Stock Price CAGR
10 Years: 22%
5 Years: 56%
3 Years: 78%
1 Year: 105%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 7%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 14.42 14.42 21.92 24.92 24.92 24.92 24.92 24.92 24.92 24.92 24.92 24.00 24.00
Reserves 29.00 28.95 36.61 44.54 45.96 52.17 72.85 75.60 76.26 76.74 78.14 89.06 92.43
6.33 0.00 1.65 0.00 1.38 0.00 0.00 0.28 0.40 9.62 0.00 104.20 102.64
0.29 0.13 0.11 0.32 0.37 0.17 0.15 0.63 0.41 0.89 29.04 5.96 3.81
Total Liabilities 50.04 43.50 60.29 69.78 72.63 77.26 97.92 101.43 101.99 112.17 132.10 223.22 222.88
0.10 0.12 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.03 0.03 0.27 0.32
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 35.12 35.12 53.01 65.89 60.99 71.41 62.16 64.23 64.28 64.28 64.50 99.61 105.85
14.82 8.26 7.28 3.89 11.64 5.84 35.75 37.19 37.70 47.86 67.57 123.34 116.71
Total Assets 50.04 43.50 60.29 69.78 72.63 77.26 97.92 101.43 101.99 112.17 132.10 223.22 222.88

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
11.10 5.96 0.81 3.92 -7.88 -1.54 -37.99 3.13 5.21 -12.67 8.06 -75.27
-0.28 0.08 -17.42 -9.71 7.00 -3.38 36.34 -2.07 -0.05 -0.02 -0.22 -8.91
-11.24 -6.33 16.65 5.67 1.19 6.42 0.00 0.08 0.09 8.79 -10.10 87.65
Net Cash Flow -0.42 -0.29 0.04 -0.13 0.31 1.50 -1.65 1.13 5.25 -3.90 -2.26 3.47

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 0.00 0.00 0.00 0.00 0.00 12.17 94.72 890.48 1,129.17 927.33 884.93 70.93
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 0.00 0.00 0.00 0.00 12.17 94.72 890.48 1,129.17 927.33 884.93 70.93
Working Capital Days 2,273.85 5,227.32 4,132.74 282.48 1,906.69 204.72 477.37 866.02 1,974.11 1,452.02 -1,375.40 382.45
ROCE % 1.09% 0.41% 0.25% 5.97% 1.98% 8.41% 30.04% 2.71% 0.85% 0.95% 2.23% 20.50%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.02% 61.83% 62.71% 64.38% 64.38% 67.65% 68.24% 68.93% 69.12% 69.12% 69.17% 69.17%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
38.97% 38.16% 37.28% 35.61% 35.61% 32.34% 31.75% 31.05% 30.87% 30.87% 30.81% 30.81%
No. of Shareholders 4,8986,5105,6475,4236,4016,0146,2006,3937,0657,4968,19310,622

* 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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