Ambalal Sarabhai Enterprises Ltd

₹ 69.3 10.54%

22 Jul - close price

About

Incorporated in 1977, Ambalal Sarabhai Enterprises Ltd is in the business of manufacturing Pharmaceuticals and Electronics^[1]

Key Points

Business Overview:^[1]
ASE is a pharmaceutical health care companies, which through its group companies, manufactures and markets pharmaceutical, molecular diagnostics, and electronics products in India and abroad

Website BSE

Market Cap ₹ 531 Cr.
Current Price ₹ 69.3
High / Low ₹ 77.7 / 26.0
Stock P/E 206
Book Value ₹ 5.26
Dividend Yield 0.00 %
ROCE 5.96 %
ROE 6.60 %
Face Value ₹ 10.0

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Pros

Debtor days have improved from 163 to 37.4 days.

Cons

Stock is trading at 13.2 times its book value
Company has low interest coverage ratio.
Promoter holding is low: 30.8%
Tax rate seems low
Company has a low return on equity of 10.1% over last 3 years.
Earnings include an other income of Rs.7.89 Cr.
Company's cost of borrowing seems high
Working capital days have increased from -1,100 days to 268 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: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	0.00	0.00	0.00	0.00	0.13	1.19	0.93	1.22	0.37	1.70	0.80	0.33	0.99
	34.07	1.66	1.12	1.27	1.65	2.63	2.24	2.34	1.66	4.84	2.13	1.96	1.65
Operating Profit	-34.07	-1.66	-1.12	-1.27	-1.52	-1.44	-1.31	-1.12	-1.29	-3.14	-1.33	-1.63	-0.66
OPM %					-1,169.23%	-121.01%	-140.86%	-91.80%	-348.65%	-184.71%	-166.25%	-493.94%	-66.67%
	25.29	15.46	1.01	1.18	-8.19	2.37	1.99	2.79	2.60	1.18	1.96	1.33	3.42
Interest	0.12	0.06	0.03	0.03	0.13	0.03	0.01	0.02	0.05	0.03	0.04	0.06	0.07
Depreciation	0.09	0.05	0.05	0.05	0.05	0.04	0.04	0.03	0.03	0.03	0.03	0.03	0.03
Profit before tax	-8.99	13.69	-0.19	-0.17	-9.89	0.86	0.63	1.62	1.23	-2.02	0.56	-0.39	2.66
Tax %	-0.67%	-0.29%	0.00%	0.00%	5.36%	1.16%	17.46%	0.00%	8.94%	0.00%	0.00%	69.23%	-76.32%
	-8.93	13.74	-0.19	-0.17	-10.42	0.86	0.52	1.62	1.12	-2.02	0.56	-0.65	4.70
EPS in Rs	-1.17	1.79	-0.02	-0.02	-1.36	0.11	0.07	0.21	0.15	-0.26	0.07	-0.08	0.61
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	16.67	15.67	15.25	6.98	1.51	0.92	0.00	0.00	0.00	0.13	3.71	3.81
	33.49	29.02	27.30	28.62	14.47	21.76	8.86	7.86	11.69	5.71	8.87	8.61
Operating Profit	-16.82	-13.35	-12.05	-21.64	-12.96	-20.84	-8.86	-7.86	-11.69	-5.58	-5.16	-4.80
OPM %	-100.90%	-85.19%	-79.02%	-310.03%	-858.28%	-2,265.22%				-4,292.31%	-139.08%	-125.98%
	18.83	3.43	14.17	95.94	-0.63	24.49	6.46	24.61	3.16	9.47	9.75	7.89
Interest	6.75	9.12	7.91	1.99	2.62	1.05	0.62	0.46	0.56	0.25	0.11	2.16
Depreciation	12.48	1.52	3.36	14.62	2.45	0.42	0.40	0.39	0.38	0.19	0.15	0.12
Profit before tax	-17.22	-20.56	-9.15	57.69	-18.66	2.18	-3.42	15.90	-9.47	3.45	4.33	0.81
Tax %	0.00%	0.00%	0.00%	20.80%	10.18%	166.06%	13.45%	2.20%	-0.84%	14.49%	5.31%	-217.28%
	-17.22	-20.57	-9.15	45.68	-20.57	-1.44	-3.88	15.55	-9.39	2.96	4.11	2.58
EPS in Rs	-2.25	-2.68	-1.19	5.96	-2.68	-0.19	-0.51	2.03	-1.23	0.39	0.54	0.34
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:	-13%
5 Years:	%
3 Years:	%
TTM:	3%

Compounded Profit Growth
10 Years:	8%
5 Years:	22%
3 Years:	44%
TTM:	-46%

Stock Price CAGR
10 Years:	33%
5 Years:	42%
3 Years:	31%
1 Year:	144%

Return on Equity
10 Years:	-21%
5 Years:	13%
3 Years:	10%
Last Year:	7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	76.63	76.63	76.63	76.63	76.63	76.63	76.63	76.63	76.63	76.63	76.63	76.63
Reserves	-43.57	-64.34	-73.49	-27.80	-46.41	-47.98	-51.85	-36.39	-45.85	-42.93	-38.79	-36.34
	22.15	27.27	30.10	29.54	22.13	11.07	11.07	11.00	11.14	9.77	11.49	10.03
	87.50	97.45	103.24	65.13	63.81	91.28	102.78	73.35	58.14	39.53	30.42	30.96
Total Liabilities	142.71	137.01	136.48	143.50	116.16	131.00	138.63	124.59	100.06	83.00	79.75	81.28
	48.08	46.41	42.66	20.60	16.43	14.98	14.65	14.48	13.97	13.00	12.86	12.84
CWIP	0.10	0.10	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	57.99	56.16	56.29	82.91	76.19	55.88	55.97	56.43	26.58	25.54	25.54	25.39
	36.54	34.34	37.43	39.99	23.54	60.14	68.01	53.68	59.51	44.46	41.35	43.05
Total Assets	142.71	137.01	136.48	143.50	116.16	131.00	138.63	124.59	100.06	83.00	79.75	81.28

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1.01	1.43	-12.05	-69.37	-3.67	-12.66	-3.27	-4.53	-10.42	-7.79	1.52	-3.82
	1.29	2.34	12.70	75.22	8.64	26.14	2.37	4.92	15.76	20.77	0.61	3.48
	0.00	-4.00	-0.75	-2.56	-8.14	-12.15	-0.44	-0.42	-0.32	-16.46	-3.76	0.30
Net Cash Flow	0.28	-0.23	-0.10	3.30	-3.17	1.33	-1.33	-0.03	5.02	-3.47	-1.63	-0.04

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	83.64	78.26	37.34	1.57	0.00	0.00				421.15	29.51	37.36
Inventory Days	53.77	5.63	76.36	22.52	47.93	56.64				0.00	2.01	0.00
Days Payable	389.55	391.01	320.68	729.22	3,974.44	13,253.28					1,611.83
Cash Conversion Cycle	-252.14	-307.12	-206.97	-705.13	-3,926.52	-13,196.64				421.15	-1,580.31	37.36
Working Capital Days	-1,058.87	-1,437.41	-1,634.72	-1,490.33	-10,756.62	-19,392.61				-3,650.00	82.64	268.24
ROCE %	-17.80%	-22.31%	-34.09%	-59.62%	-12.82%	-21.98%	-7.41%	36.90%	-4.27%	9.93%	11.12%	5.96%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	30.76%	30.76%	30.76%	30.76%	30.76%	30.77%	30.77%	30.78%	30.78%	30.78%	30.78%	30.78%
	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	69.24%	69.24%	69.24%	69.24%	69.23%	69.23%	69.22%	69.22%	69.23%	69.21%	69.23%	69.22%
No. of Shareholders	1,85,749	1,82,946	1,81,213	1,81,589	1,80,199	1,79,404	1,78,274	1,77,743	1,75,222	1,71,944	1,70,079	1,69,228

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	30.75%	30.75%	30.76%	30.76%	30.76%	30.76%	30.77%	30.78%	30.78%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%
	69.25%	69.25%	69.24%	69.24%	69.24%	69.24%	69.22%	69.23%	69.22%
No. of Shareholders	1,66,010	1,64,094	1,61,546	1,60,045	1,64,156	1,81,213	1,78,274	1,70,079	1,69,228

* 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.

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Ambalal Sarabhai Enterprises Ltd

Ambalal Sarabhai Enterprises Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports