Asit C Mehta Financial Services ltd

Asit C Mehta Financial Services ltd

₹ 138 -5.08%
22 Nov - close price
About

Incorporated in 1984, Asit C. Mehta Financial Services Ltd is in the business of providing advisory and consultancy services on Fund mobilization and restructuring of Companies
and renting vacant properties.[1]

Key Points

Business Overview:[1]
Company offers financial products, services, and solutions to Indian investors and provides advisory services in the field of corporate finance to various SMEs. The company also provides furnished office space on lease to Business users in its building Nucleus House in Mumbai

  • Market Cap 114 Cr.
  • Current Price 138
  • High / Low 216 / 127
  • Stock P/E
  • Book Value 73.4
  • Dividend Yield 0.00 %
  • ROCE 1.70 %
  • ROE -12.1 %
  • Face Value 10.0

Pros

  • Company's working capital requirements have reduced from 272 days to 146 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -12.8% over past five years.
  • Company has a low return on equity of -14.8% over last 3 years.
  • Earnings include an other income of Rs.1.56 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.50 0.68 0.74 0.70 0.65 0.72 1.29 1.36 1.04 1.10 1.13 1.14 1.15
0.30 0.39 0.27 0.37 0.46 0.41 1.18 0.40 0.44 0.58 0.97 0.39 0.39
Operating Profit 0.20 0.29 0.47 0.33 0.19 0.31 0.11 0.96 0.60 0.52 0.16 0.75 0.76
OPM % 40.00% 42.65% 63.51% 47.14% 29.23% 43.06% 8.53% 70.59% 57.69% 47.27% 14.16% 65.79% 66.09%
0.07 0.21 1.45 0.12 0.19 1.93 0.08 0.19 0.07 0.31 0.29 0.29 0.67
Interest 0.96 1.12 1.76 1.96 1.64 1.69 2.20 2.04 2.13 1.98 0.79 1.25 1.71
Depreciation 0.31 0.31 0.32 0.29 0.29 0.29 0.29 0.30 0.28 0.30 0.29 0.30 0.30
Profit before tax -1.00 -0.93 -0.16 -1.80 -1.55 0.26 -2.30 -1.19 -1.74 -1.45 -0.63 -0.51 -0.58
Tax % 0.00% 0.00% 68.75% 0.00% -0.65% 0.00% -38.26% 0.00% 0.00% 1.38% 0.00% 0.00% 0.00%
-0.99 -0.93 -0.26 -1.80 -1.54 0.26 -1.43 -1.18 -1.74 -1.46 -0.63 -0.50 -0.58
EPS in Rs -1.21 -1.13 -0.32 -2.20 -1.88 0.32 -1.74 -1.44 -2.12 -1.77 -0.76 -0.61 -0.70
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 TTM
1.97 2.56 3.72 3.39 6.52 6.50 10.70 6.10 9.68 4.11 5.27 5.38 4.52
0.46 1.67 1.28 1.67 1.50 1.47 1.91 1.51 1.22 1.34 2.50 2.37 2.33
Operating Profit 1.51 0.89 2.44 1.72 5.02 5.03 8.79 4.59 8.46 2.77 2.77 3.01 2.19
OPM % 76.65% 34.77% 65.59% 50.74% 76.99% 77.38% 82.15% 75.25% 87.40% 67.40% 52.56% 55.95% 48.45%
0.00 0.00 0.04 0.00 0.11 0.01 0.22 0.28 0.01 0.10 0.03 0.09 1.56
Interest 1.99 2.27 2.60 3.69 3.86 4.25 4.01 4.00 3.73 5.91 8.13 6.94 5.73
Depreciation 0.22 0.21 0.46 0.45 1.36 1.37 1.37 1.37 1.37 1.29 1.19 1.17 1.19
Profit before tax -0.70 -1.59 -0.58 -2.42 -0.09 -0.58 3.63 -0.50 3.37 -4.33 -6.52 -5.01 -3.17
Tax % -10.00% -4.40% -25.86% -5.79% 100.00% 3.45% 15.70% -2.00% 17.51% 1.62% -13.96% 0.40%
-0.64 -1.53 -0.42 -2.29 -0.18 -0.59 3.06 -0.49 2.79 -4.39 -5.60 -5.02 -3.17
EPS in Rs -0.78 -1.87 -0.51 -2.79 -0.22 -0.72 3.73 -0.60 3.40 -5.35 -6.83 -6.09 -3.84
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: 8%
5 Years: -13%
3 Years: -18%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 22%
Stock Price CAGR
10 Years: 13%
5 Years: 29%
3 Years: -11%
1 Year: 11%
Return on Equity
10 Years: -3%
5 Years: -7%
3 Years: -15%
Last Year: -12%

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 Sep 2024
Equity Capital 4.95 4.95 4.95 4.95 4.83 4.83 4.83 4.83 4.83 4.85 4.95 8.25 8.25
Reserves 41.23 39.09 37.91 34.89 35.18 34.56 37.62 37.13 39.92 22.21 16.48 53.37 52.30
15.75 15.40 15.96 30.67 42.27 42.95 41.22 37.95 43.70 76.84 85.69 57.88 72.56
3.34 15.82 15.82 13.43 1.35 0.82 1.06 1.19 1.59 3.11 2.06 1.20 1.24
Total Liabilities 65.27 75.26 74.64 83.94 83.63 83.16 84.73 81.10 90.04 107.01 109.18 120.70 134.35
45.39 57.29 56.07 65.54 64.40 63.07 61.70 60.33 52.38 47.42 46.19 45.56 44.96
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 15.47 15.47 15.47 15.47 15.60 15.68 15.72 15.72 23.72 52.70 52.71 67.75 74.27
4.41 2.50 3.10 2.93 3.63 4.41 7.31 5.05 13.94 6.89 10.28 7.39 15.12
Total Assets 65.27 75.26 74.64 83.94 83.63 83.16 84.73 81.10 90.04 107.01 109.18 120.70 134.35

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
-2.67 13.15 0.20 -1.88 -3.06 4.18 5.56 9.13 1.67 -1.44 2.18 -0.31
0.11 -12.65 0.11 -10.58 -0.16 -0.70 1.47 -1.58 -3.89 -23.20 -4.10 -10.22
2.64 -0.49 -0.32 12.52 3.20 -3.68 -6.87 -7.57 2.06 25.07 1.57 10.56
Net Cash Flow 0.08 0.01 -0.01 0.07 -0.03 -0.20 0.17 -0.03 -0.16 0.43 -0.34 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 0.00 76.99 61.81 43.07 25.19 24.15 171.93 17.95 11.69 33.75 8.31 2.71
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 76.99 61.81 43.07 25.19 24.15 171.93 17.95 11.69 33.75 8.31 2.71
Working Capital Days 333.50 -1,585.47 -549.46 -1,437.39 -108.60 -40.43 51.51 -105.91 364.25 226.46 443.96 145.86
ROCE % 2.06% 1.12% 3.35% 1.96% 4.93% 4.46% 9.20% 4.28% 8.43% 1.64% 1.53% 1.70%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.59% 74.59% 74.59% 74.59% 77.53% 77.53% 77.53% 77.53% 74.99% 74.99% 74.99% 74.99%
0.50% 0.50% 0.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
24.92% 24.92% 24.92% 25.42% 22.48% 22.47% 22.48% 22.47% 25.02% 25.02% 25.02% 25.02%
No. of Shareholders 9882,9622,6462,1902,0201,9971,9271,8512,0582,1882,1322,112

* 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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