Amit International Ltd

Amit International Ltd

₹ 3.87 -1.78%
24 Jul - close price
About

Incorporated in 1994, Amit International Ltd manufactures and exports Hosiery items[1]

Key Points

Business Overview:[1]
Company used to procure goods from China and export 100% of its Socks production to USA and Europe (Germany, France, Netherland, and U.K). But due to competition from Pakistan & Bangladesh, operations were not viable and company decided to stop the production. At present, company is looking for some projects in spinning and dying of yarn

  • Market Cap 7.33 Cr.
  • Current Price 3.87
  • High / Low 6.09 / 2.72
  • Stock P/E 105
  • Book Value 10.4
  • Dividend Yield 0.00 %
  • ROCE 0.46 %
  • ROE 0.36 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.37 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 17.5%
  • Company has a low return on equity of 0.39% over last 3 years.

* 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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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
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
0.09 0.03 0.05 0.08 0.03 0.06 0.10 0.03 0.05 0.03 0.08 0.05 0.13
Operating Profit -0.09 -0.03 -0.05 -0.08 -0.03 -0.06 -0.10 -0.03 -0.05 -0.03 -0.08 -0.05 -0.13
OPM %
0.42 0.00 0.00 0.27 0.14 0.00 0.00 -0.05 0.30 0.08 0.09 0.10 0.11
Interest 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
Depreciation 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
Profit before tax 0.33 -0.03 -0.05 0.19 0.11 -0.06 -0.10 -0.08 0.25 0.05 0.01 0.05 -0.02
Tax % 9.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.00% 0.00% 0.00% 0.00% 100.00%
0.30 -0.03 -0.05 0.19 0.11 -0.06 -0.10 -0.08 0.24 0.05 0.01 0.05 -0.04
EPS in Rs 0.16 -0.02 -0.03 0.10 0.06 -0.03 -0.05 -0.04 0.13 0.03 0.01 0.03 -0.02
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
0.63 0.00 0.74 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.78 0.11 0.98 0.22 0.17 0.17 0.12 0.46 0.29 0.25 0.25 0.30
Operating Profit -0.15 -0.11 -0.24 -0.19 -0.17 -0.17 -0.12 -0.46 -0.29 -0.25 -0.25 -0.30
OPM % -23.81% -32.43% -633.33%
-1.05 0.16 0.22 0.13 0.19 0.25 0.52 0.59 0.45 0.41 0.29 0.39
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.04 0.07 0.12 0.12 0.09 0.09 0.09 0.00 0.00 0.00 0.00 0.00
Profit before tax -1.24 -0.02 -0.14 -0.18 -0.07 -0.01 0.31 0.13 0.16 0.16 0.04 0.09
Tax % -23.39% 200.00% 0.00% 0.00% 14.29% 0.00% 0.00% 23.08% 18.75% 18.75% 25.00% 22.22%
-0.95 -0.06 -0.14 -0.18 -0.08 -0.01 0.31 0.10 0.13 0.13 0.03 0.07
EPS in Rs -0.50 -0.03 -0.07 -0.09 -0.04 -0.01 0.16 0.05 0.07 0.07 0.02 0.04
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: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: 12%
5 Years: -26%
3 Years: -19%
TTM: 133%
Stock Price CAGR
10 Years: -2%
5 Years: 9%
3 Years: 1%
1 Year: 26%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: 0%
Last Year: 0%

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 18.95 18.95 18.95 18.95 18.95 18.95 18.95 18.95 18.95 18.95 18.95 18.95
Reserves 0.40 0.35 0.21 0.03 -0.05 -0.06 0.11 0.23 0.43 0.57 0.60 0.66
0.45 0.12 0.05 0.08 0.16 0.05 0.01 0.09 0.00 0.05 0.03 0.00
0.06 0.03 0.09 0.26 0.01 0.05 0.01 0.13 0.16 0.19 0.17 0.28
Total Liabilities 19.86 19.45 19.30 19.32 19.07 18.99 19.08 19.40 19.54 19.76 19.75 19.89
0.53 0.49 0.40 0.30 0.22 0.13 0.04 0.04 0.04 0.04 0.04 0.04
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 4.28 4.28 5.31 5.31 5.31 5.76 5.61 5.63 5.71 5.73 5.73 5.73
15.05 14.68 13.59 13.71 13.54 13.10 13.43 13.73 13.79 13.99 13.98 14.12
Total Assets 19.86 19.45 19.30 19.32 19.07 18.99 19.08 19.40 19.54 19.76 19.75 19.89

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
1.18 -0.33 0.71 0.02 -0.29 -1.44 -0.23 -1.10 -0.23 -0.79 -0.38 0.00
0.91 0.14 0.22 0.10 0.16 0.25 0.60 0.61 0.46 -4.18 0.28 0.39
-2.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow -0.02 -0.19 0.93 0.12 -0.12 -1.19 0.37 -0.50 0.24 -4.97 -0.10 0.39

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 162.22 182.50 1,825.00
Inventory Days 0.00 0.00 0.00
Days Payable
Cash Conversion Cycle 162.22 182.50 1,825.00
Working Capital Days 8,226.98 5,933.72 131,400.00
ROCE % -0.05% -0.10% -0.72% -0.94% -0.37% -0.05% 1.63% 0.68% 0.83% 0.82% 0.20% 0.46%

Shareholding Pattern

Numbers in percentages

12 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49% 17.49%
82.51% 82.51% 82.51% 82.51% 82.51% 82.50% 82.51% 82.50% 82.50% 82.51% 82.51% 82.50%
No. of Shareholders 1,7011,7471,9211,9222,0472,1352,1902,2252,2732,2822,3842,637

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