Ajanta Soya Ltd

Ajanta Soya Ltd

₹ 30.1 -0.82%
03 Jul 11:17 a.m.
About

Incorporated in 1992, Ajanta Soya Ltd manufactures Vanaspati Oil and Refined Oil[1]

Key Points

Business Overview:[1]
ASL manufactures Vanaspati and cooking oil with applications in Speciality Fats like biscuits, puffs, pastries, etc. It also offers its products as food ingredients to food manufacturers and food service industry

  • Market Cap 242 Cr.
  • Current Price 30.1
  • High / Low 39.8 / 24.0
  • Stock P/E 60.1
  • Book Value 16.2
  • Dividend Yield 0.00 %
  • ROCE 7.27 %
  • ROE 3.14 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.03% over past five years.
  • Company has a low return on equity of 13.1% over last 3 years.
  • Contingent liabilities of Rs.91.4 Cr.
  • Earnings include an other income of Rs.9.15 Cr.
  • Company's cost of borrowing seems high

* 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: Edible Oil Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

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
260.80 336.59 370.49 308.63 329.44 361.05 275.48 322.01 277.66 256.76 271.73 253.63 240.03
245.01 323.15 355.46 300.14 318.92 345.51 286.08 321.49 277.03 259.16 271.10 251.63 237.35
Operating Profit 15.79 13.44 15.03 8.49 10.52 15.54 -10.60 0.52 0.63 -2.40 0.63 2.00 2.68
OPM % 6.05% 3.99% 4.06% 2.75% 3.19% 4.30% -3.85% 0.16% 0.23% -0.93% 0.23% 0.79% 1.12%
2.65 0.37 2.59 0.89 1.31 0.70 0.88 0.90 0.54 1.66 2.27 2.46 2.77
Interest -0.20 0.18 0.49 0.17 0.04 0.31 0.88 0.73 0.90 0.64 0.99 1.55 1.06
Depreciation 0.42 0.45 0.45 0.48 0.51 0.84 0.71 0.61 0.29 0.64 0.67 0.73 0.68
Profit before tax 18.22 13.18 16.68 8.73 11.28 15.09 -11.31 0.08 -0.02 -2.02 1.24 2.18 3.71
Tax % 48.02% 34.14% -11.99% 33.91% 19.41% 27.24% 28.12% 400.00% -1,650.00% 3.96% 4.84% 4.13% 27.22%
9.47 8.68 18.67 5.77 9.08 10.97 -8.14 -0.23 -0.36 -1.93 1.18 2.09 2.69
EPS in Rs 1.18 1.08 2.32 0.72 1.13 1.36 -1.01 -0.03 -0.04 -0.24 0.15 0.26 0.33
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
418 473 553 579 700 346 695 760 931 1,345 1,236 1,022
416 470 549 573 694 346 692 744 895 1,297 1,230 1,019
Operating Profit 2 3 3 6 6 0 2 16 36 48 6 3
OPM % 1% 1% 1% 1% 1% 0% 0% 2% 4% 4% 0% 0%
1 2 2 3 8 6 5 2 8 5 3 9
Interest 2 1 1 1 1 1 5 3 2 1 3 4
Depreciation 1 2 2 1 1 1 2 2 2 2 2 3
Profit before tax 1 2 2 7 11 4 2 13 41 50 4 5
Tax % 0% 27% -13% 28% 35% 75% 125% 24% 38% 15% 42% 21%
1 1 3 5 7 1 -0 10 25 42 2 4
EPS in Rs 0.07 0.18 0.33 0.66 0.92 0.12 -0.05 1.22 3.12 5.24 0.28 0.50
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 3%
TTM: -17%
Compounded Profit Growth
10 Years: 14%
5 Years: 28%
3 Years: -45%
TTM: 607%
Stock Price CAGR
10 Years: 25%
5 Years: 44%
3 Years: 9%
1 Year: 7%
Return on Equity
10 Years: 14%
5 Years: 17%
3 Years: 13%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

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 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 11 12 11 16 25 29 28 38 63 107 110 115
12 3 16 16 1 30 24 3 3 0 1 0
35 64 49 59 70 42 87 60 78 141 105 85
Total Liabilities 73 95 92 107 112 117 155 117 160 265 232 216
16 14 10 10 10 32 32 31 35 40 40 45
CWIP 0 0 0 0 0 0 0 1 1 0 0 0
Investments 3 11 15 22 24 5 5 5 18 24 15 24
55 70 67 76 79 80 118 81 106 200 177 148
Total Assets 73 95 92 107 112 117 155 117 160 265 232 216

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
17 23 -15 11 21 -45 22 21 22 28 -23 25
-1 -8 -1 -6 -12 10 -4 0 -23 -25 20 -17
-16 -12 13 -1 -11 33 -11 -26 4 -4 -2 -5
Net Cash Flow 0 3 -2 4 -3 -2 7 -5 2 -0 -5 3

Ratios

Figures in Rs. Crores

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 21 14 15 11 11 16 15 8 7 6 11 4
Inventory Days 17 26 22 29 17 48 30 21 18 39 35 36
Days Payable 30 48 32 35 35 41 44 27 25 37 29 28
Cash Conversion Cycle 8 -8 5 4 -7 23 1 2 -0 8 16 12
Working Capital Days 10 -7 6 2 -8 31 4 4 4 6 16 18
ROCE % 5% 9% 9% 18% 24% 6% 2% 25% 60% 49% 4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
46.85% 46.85% 46.85% 46.85% 46.85% 46.63% 46.63% 46.90% 47.20% 47.20% 47.20% 47.28%
53.15% 53.15% 53.15% 53.15% 53.15% 53.36% 53.37% 53.10% 52.79% 52.80% 52.79% 52.71%
No. of Shareholders 16,61421,21622,78725,04132,80939,91346,72846,44047,08446,01843,34642,479

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