Arcee Industries Ltd
Established in 1989, Arcee Industries Ltd. is a manufacturer of rigid PVC pipes & fittings and Black Steel tubes & pipes.
- Market Cap ₹ 3.31 Cr.
- Current Price ₹ 6.43
- High / Low ₹ 7.65 / 5.13
- Stock P/E
- Book Value ₹ 7.10
- Dividend Yield 0.00 %
- ROCE -16.3 %
- ROE -18.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.91 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 24.6%
- Company has a low return on equity of -10.3% over last 3 years.
- Working capital days have increased from 130 days to 304 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: Steel Industry: Steel - Medium / Small
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
17.46 | 16.66 | 16.85 | 4.28 | 0.03 | 0.00 | -0.01 | 1.05 | 10.46 | 34.25 | 21.36 | 1.07 | |
17.06 | 16.74 | 16.19 | 4.75 | 0.42 | 0.14 | 0.13 | 1.17 | 9.79 | 33.48 | 22.82 | 1.76 | |
Operating Profit | 0.40 | -0.08 | 0.66 | -0.47 | -0.39 | -0.14 | -0.14 | -0.12 | 0.67 | 0.77 | -1.46 | -0.69 |
OPM % | 2.29% | -0.48% | 3.92% | -10.98% | -1,300.00% | -11.43% | 6.41% | 2.25% | -6.84% | -64.49% | ||
0.21 | 0.06 | 0.00 | 0.04 | 0.06 | 0.17 | 0.25 | 0.09 | 0.01 | 0.00 | 0.00 | 0.17 | |
Interest | 0.34 | 0.34 | 0.25 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 |
Depreciation | 0.24 | 0.23 | 0.15 | 0.16 | 0.15 | 0.09 | 0.09 | 0.09 | 0.10 | 0.13 | 0.15 | 0.18 |
Profit before tax | 0.03 | -0.59 | 0.26 | -0.66 | -0.48 | -0.06 | 0.02 | -0.12 | 0.58 | 0.63 | -1.63 | -0.72 |
Tax % | 0.00% | -30.51% | 30.77% | -30.30% | 0.00% | 0.00% | 0.00% | -91.67% | 32.76% | 28.57% | -25.77% | 0.00% |
0.03 | -0.41 | 0.18 | -0.45 | -0.48 | -0.06 | 0.02 | -0.01 | 0.39 | 0.46 | -1.21 | -0.73 | |
EPS in Rs | 0.06 | -0.80 | 0.35 | -0.88 | -0.93 | -0.12 | 0.04 | -0.02 | 0.76 | 0.90 | -2.35 | -1.42 |
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: | -24% |
5 Years: | % |
3 Years: | -53% |
TTM: | -95% |
Compounded Profit Growth | |
---|---|
10 Years: | -8% |
5 Years: | % |
3 Years: | % |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | 6% |
5 Years: | 21% |
3 Years: | -12% |
1 Year: | 10% |
Return on Equity | |
---|---|
10 Years: | -4% |
5 Years: | -5% |
3 Years: | -10% |
Last Year: | -18% |
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 | 5.14 | 5.14 | 5.14 | 5.14 | 5.14 | 5.14 | 5.14 | 5.14 | 5.14 | 5.14 | 5.14 | 5.14 |
Reserves | 0.88 | 0.46 | 0.58 | 0.13 | -0.35 | -0.41 | -0.39 | -0.40 | -0.02 | 0.45 | -0.76 | -1.49 |
2.90 | 1.95 | 1.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.81 | 1.00 | 0.74 | 0.29 | 0.25 | |
1.34 | 1.02 | 0.59 | 0.34 | 0.31 | 0.22 | 0.15 | 0.28 | 3.50 | 5.94 | 5.28 | 4.27 | |
Total Liabilities | 10.26 | 8.57 | 7.86 | 5.61 | 5.10 | 4.95 | 4.90 | 5.83 | 9.62 | 12.27 | 9.95 | 8.17 |
1.54 | 1.34 | 1.40 | 1.22 | 1.07 | 0.95 | 0.86 | 0.92 | 0.94 | 1.39 | 1.96 | 1.79 | |
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 |
Investments | 0.17 | 0.16 | 0.16 | 0.16 | 0.14 | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
8.55 | 7.07 | 6.30 | 4.23 | 3.89 | 3.89 | 4.04 | 4.91 | 8.68 | 10.88 | 7.99 | 6.38 | |
Total Assets | 10.26 | 8.57 | 7.86 | 5.61 | 5.10 | 4.95 | 4.90 | 5.83 | 9.62 | 12.27 | 9.95 | 8.17 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.33 | 1.41 | 1.20 | 1.33 | -0.04 | -0.04 | -0.06 | -1.36 | -0.08 | 1.09 | 0.92 | 0.07 | |
0.12 | 0.03 | -0.30 | 0.03 | 0.05 | 0.12 | 0.27 | -0.14 | -0.13 | -0.57 | -0.72 | -0.01 | |
-0.10 | -1.30 | -0.65 | -1.61 | 0.00 | 0.00 | 0.00 | 0.81 | 0.19 | -0.27 | -0.48 | -0.06 | |
Net Cash Flow | -0.31 | 0.14 | 0.24 | -0.25 | 0.01 | 0.07 | 0.20 | -0.70 | -0.02 | 0.24 | -0.28 | 0.01 |
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 | 62.51 | 32.21 | 30.98 | 66.52 | 5,840.00 | -17,520.00 | 271.14 | 70.14 | 14.28 | 14.18 | 34.11 | |
Inventory Days | 33.64 | 25.62 | 28.48 | 11.03 | 547.50 | -2,190.00 | 458.72 | 155.44 | 57.24 | 28.01 | 272.70 | |
Days Payable | 28.83 | 22.36 | 9.06 | 15.04 | 1,368.75 | 113.45 | 133.31 | 48.77 | 49.01 | 759.37 | ||
Cash Conversion Cycle | 67.31 | 35.47 | 50.39 | 62.51 | 5,018.75 | -19,710.00 | 616.41 | 92.27 | 22.75 | -6.82 | -452.55 | |
Working Capital Days | 132.54 | 105.82 | 86.65 | 207.23 | 25,671.67 | 83,220.00 | 1,206.24 | 168.19 | 46.14 | 40.67 | 303.60 | |
ROCE % | 1.82% | -3.76% | 6.88% | -9.73% | -10.14% | -2.73% | -3.38% | -2.52% | 9.94% | 10.28% | -29.27% | -16.34% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jul
- Closure of Trading Window 28 Jun
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Newspaper Publication for Audited Financial Result for the Quarter and Year ended on March 31, 2024
- 520121 / Disclosure Of Related Party Transactions For The Half Year Ended March 31, 2024 Pursuant To Regulation 23(9) Of SEBI (LODR) Regulations 2015. 22 May
- Board Meeting Outcome for Outcome Of Board Meeting 22 May
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Product Portfolio:
a) PVC Pipes:[1]
This consists of pipes of six classifications viz.,
Class 1 (40 PSI)
Class 2 (60 PSI)
Class 3 (90 PSI)
Class 4 (120 PSI)
Class 5 (150 PSI)
Class 6 (190 PSI)
b) In FY21, the company started commercial production of Black Steel tubes & pipes[2]