Avonmore Capital & Management Services Ltd

Avonmore Capital & Management Services Ltd

₹ 110 7.13%
24 Apr 11:47 a.m.
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 256 Cr.
  • Current Price 110
  • High / Low 131 / 61.9
  • Stock P/E 20.6
  • Book Value 124
  • Dividend Yield 0.00 %
  • ROCE 45.4 %
  • ROE 47.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.91 times its book value
  • Company has delivered good profit growth of 36.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
  • Debtor days have improved from 125 to 60.4 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.11.6 Cr.

* 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

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
14.72 24.96 16.46 22.93 21.83 22.54 146.83 19.56 19.81 27.81 18.66 24.66 32.06
12.23 20.04 12.09 13.64 15.49 21.22 15.48 13.30 16.26 25.01 16.27 20.91 27.01
Operating Profit 2.49 4.92 4.37 9.29 6.34 1.32 131.35 6.26 3.55 2.80 2.39 3.75 5.05
OPM % 16.92% 19.71% 26.55% 40.51% 29.04% 5.86% 89.46% 32.00% 17.92% 10.07% 12.81% 15.21% 15.75%
4.57 8.09 9.92 7.64 7.18 6.98 6.17 3.14 3.55 3.83 3.21 2.28 2.31
Interest 0.28 1.45 1.20 2.25 1.10 0.56 0.79 2.09 0.67 0.96 0.78 0.62 0.67
Depreciation 0.63 0.67 0.64 0.69 0.70 0.44 0.63 0.38 0.64 0.61 0.79 0.64 0.72
Profit before tax 6.15 10.89 12.45 13.99 11.72 7.30 136.10 6.93 5.79 5.06 4.03 4.77 5.97
Tax % 7.80% 9.00% 5.70% 7.01% 12.88% 24.93% 21.91% 10.39% 7.77% 17.19% 6.95% 7.76% -1.17%
5.67 9.91 11.74 13.01 10.21 5.48 106.28 6.21 5.34 4.19 3.75 4.40 6.04
EPS in Rs 1.53 2.97 3.85 3.93 3.65 1.95 43.08 2.14 1.61 1.18 1.20 1.09 1.84
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
2 1 1 5 52 58 100 77 68 69 84 212 103
2 2 1 1 47 50 68 71 60 56 62 70 89
Operating Profit 1 -1 0 4 5 8 32 6 8 12 22 142 14
OPM % 27% -186% 8% 80% 9% 14% 32% 8% 12% 18% 26% 67% 14%
0 1 0 0 3 3 4 11 14 25 31 18 12
Interest 2 0 0 0 5 4 3 2 3 3 5 3 3
Depreciation 0 0 0 0 2 2 1 2 4 3 2 2 3
Profit before tax -1 -0 0 3 1 5 31 13 16 32 45 154 20
Tax % 1% -150% -38% 5% 91% 2% 19% 4% -11% 8% 11% 21%
-2 1 3 7 0 6 28 13 18 30 40 122 18
EPS in Rs -1.60 1.01 1.28 2.91 0.07 2.42 10.25 4.02 6.67 8.99 13.38 49.44 5.31
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 81%
5 Years: 16%
3 Years: 46%
TTM: -51%
Compounded Profit Growth
10 Years: 56%
5 Years: 36%
3 Years: 93%
TTM: -90%
Stock Price CAGR
10 Years: 20%
5 Years: 48%
3 Years: 80%
1 Year: 55%
Return on Equity
10 Years: 18%
5 Years: 22%
3 Years: 29%
Last Year: 48%

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 14 14 22 25 25 25 25 25 25 25 25 24 24
Reserves 33 34 44 56 75 82 109 109 126 149 181 254 264
7 0 8 0 42 32 23 23 27 20 18 26 23
0 0 0 0 82 79 87 102 98 116 150 138 140
Total Liabilities 55 49 74 82 224 218 244 259 276 309 374 443 452
1 1 1 0 36 46 48 62 67 62 62 64 64
CWIP 0 0 0 0 0 2 0 0 0 0 4 0 3
Investments 39 40 71 77 47 36 35 32 45 73 95 90 99
15 8 2 5 141 135 160 165 164 175 213 289 286
Total Assets 55 49 74 82 224 218 244 259 276 309 374 443 452

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
13 7 5 -2 -80 7 -25 16 14 -4 -1 19
-0 -0 -28 1 4 2 23 -16 4 2 12 -18
-13 -7 23 1 88 -9 8 -5 -6 -6 -8 -2
Net Cash Flow -0 -0 0 0 12 -0 6 -5 12 -7 4 -0

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 0 0 0 1 152 139 80 159 139 151 163 60
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 1 152 139 80 159 139 151 163 60
Working Capital Days 2,274 4,869 1,172 267 587 482 311 177 247 203 135 161
ROCE % 1% 0% 0% 5% 4% 5% 16% 7% 8% 14% 18% 45%

Shareholding Pattern

Numbers in percentages

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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