Aarvee Denims & Exports Ltd

Aarvee Denims Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aarvee Denims & Exports Ltd

₹ 69.7 1.99%
22 Nov - close price
aarvee-denims.com BSE: 514274 NSE: AARVEEDEN
About

Incorporated in 1988, Aarvee Denims and Exports Ltd manufactures and sells denim and non denim Fabrics

Key Points

Business Overview:[1]
Company has composite integrated manufacturing facilities for production of a wide range of Denim Fabrics. Company has in-house yarn manufacturing facilities for denim used for captive consumption. It also sources yarn from local markets for a variety of denim products and sells surplus yarn in local market

Website BSE NSE - BE
  • Market Cap ₹ 164 Cr.
  • Current Price ₹ 69.7
  • High / Low ₹ 69.8 / 21.6
  • Stock P/E 9.20
  • Book Value ₹ 20.5
  • Dividend Yield 0.00 %
  • ROCE -10.0 %
  • ROE -117 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.40 times its book value
  • Promoter holding has decreased over last quarter: -4.99%
  • The company has delivered a poor sales growth of -35.4% over past five years.
  • Company has a low return on equity of -55.7% over last 3 years.
  • Promoters have pledged 55.2% of their holding.
  • Earnings include an other income of Rs.83.3 Cr.
  • Company has high debtors of 430 days.
  • 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: Textiles Industry: Textiles - Cotton/Blended

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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
117.63 116.90 111.95 108.29 55.05 47.64 49.92 10.37 24.81 25.55 24.00 13.53 15.48
124.18 118.84 112.72 107.08 66.26 61.01 54.72 20.90 30.97 34.72 29.26 24.46 20.16
Operating Profit -6.55 -1.94 -0.77 1.21 -11.21 -13.37 -4.80 -10.53 -6.16 -9.17 -5.26 -10.93 -4.68
OPM % -5.57% -1.66% -0.69% 1.12% -20.36% -28.06% -9.62% -101.54% -24.83% -35.89% -21.92% -80.78% -30.23%
5.25 0.94 14.42 6.33 0.44 0.09 0.07 0.17 2.39 3.37 0.58 45.10 34.25
Interest 11.18 10.24 10.15 9.97 11.25 12.07 12.60 10.46 11.74 7.69 6.76 5.33 3.81
Depreciation 6.64 6.41 5.84 6.63 6.61 6.61 5.43 6.20 2.75 1.63 1.12 1.11 1.12
Profit before tax -19.12 -17.65 -2.34 -9.06 -28.63 -31.96 -22.76 -27.02 -18.26 -15.12 -12.56 27.73 24.64
Tax % -35.41% -20.51% 420.51% 10.71% -39.33% -30.51% -32.16% -31.20% -28.97% -56.35% -48.57% 18.54% 66.48%
-12.36 -14.03 -12.18 -10.03 -17.37 -22.21 -15.44 -18.59 -12.97 -6.60 -6.46 22.58 8.27
EPS in Rs -5.27 -5.98 -5.19 -4.28 -7.40 -9.47 -6.58 -7.92 -5.53 -2.81 -2.75 9.62 3.53
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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
723 685 746 841 844 827 752 565 265 421 261 85 79
601 609 679 764 772 747 669 529 285 431 289 113 109
Operating Profit 123 76 66 77 72 80 82 36 -20 -10 -28 -29 -30
OPM % 17% 11% 9% 9% 9% 10% 11% 6% -7% -2% -11% -34% -38%
2 2 3 -1 2 3 3 -0 12 25 7 4 83
Interest 38 39 35 37 38 43 49 53 51 43 46 37 24
Depreciation 31 33 31 31 33 33 34 38 28 25 25 12 5
Profit before tax 56 6 3 8 3 6 2 -56 -87 -54 -92 -73 25
Tax % 20% 50% 95% 17% 35% 12% 37% -24% -27% -24% -30% -39%
45 3 0 7 2 6 1 -42 -64 -41 -65 -45 18
EPS in Rs 19.19 1.36 0.08 3.00 0.75 2.39 0.46 -17.87 -27.36 -17.66 -27.73 -19.02 7.59
Dividend Payout % 3% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -19%
5 Years: -35%
3 Years: -32%
TTM: -41%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: 126%
Stock Price CAGR
10 Years: 5%
5 Years: 40%
3 Years: 44%
1 Year: 186%
Return on Equity
10 Years: -12%
5 Years: -36%
3 Years: -56%
Last Year: -117%

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 23 23 23 23 23 23 23 23 23 23 23 23 23
Reserves 234 234 232 240 243 248 250 208 144 103 38 -6 25
384 396 370 382 355 379 434 419 433 413 397 278 191
109 141 145 178 210 268 241 193 110 89 70 144 113
Total Liabilities 750 794 771 825 831 919 949 843 711 629 528 438 352
395 401 372 367 375 363 389 350 274 231 202 72 70
CWIP 8 0 2 1 5 0 0 0 0 1 1 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
347 393 397 457 451 556 560 492 437 397 324 366 283
Total Assets 750 794 771 825 831 919 949 843 711 629 528 438 352

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
53 68 47 75 110 38 51 65 45 13 40 110
-37 -23 -11 -38 -50 -19 -53 5 9 47 13 46
-36 -50 -36 -33 -63 -19 3 -70 -42 -63 -62 -156
Net Cash Flow -19 -4 -0 4 -3 0 0 -1 12 -4 -10 0

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 69 94 85 92 104 130 140 152 287 144 174 430
Inventory Days 157 164 132 127 114 146 189 234 283 204 230 405
Days Payable 55 83 74 90 109 151 167 167 160 100 109 235
Cash Conversion Cycle 170 175 143 129 109 125 161 219 410 247 295 600
Working Capital Days 116 129 112 109 103 130 160 195 362 216 257 206
ROCE % 15% 7% 6% 8% 6% 8% 8% -0% -7% -6% -11% -10%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 65.80% 60.81%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.37%
2.11% 2.11% 2.11% 2.10% 2.10% 2.10% 2.10% 2.10% 2.10% 2.10% 2.10% 0.00%
32.10% 32.10% 32.10% 32.10% 32.10% 32.11% 32.11% 32.10% 32.08% 32.10% 32.09% 38.81%
No. of Shareholders 10,6919,5459,5299,8509,8229,7879,63410,01410,56611,43911,30310,439

* 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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