Ajooni Biotech Ltd

Ajooni Biotech Ltd

₹ 7.79 4.99%
22 Nov - close price
About

Incorporated in 2010, Ajooni Biotech Ltd is a PURE VEG. animal health care solutions company. It is a significant player in the animal feed and aquaculture sectors.[1]

Key Points

Business Overview:[1]
ABL was incorporated in February 2010 and was promoted by Mr Jasjot Singh (chairman and managing director). It manufactures a variety of compound animal feed such as cattle feed, cattle feed chips, camel feed, cotton oil cake, mustard oil cake and a wide range of feed supplements. Facilities in Khanna, Punjab, have a total installed capacity of 60,000 MTPA.

  • Market Cap 134 Cr.
  • Current Price 7.79
  • High / Low 10.3 / 4.19
  • Stock P/E 55.0
  • Book Value 5.00
  • Dividend Yield 0.00 %
  • ROCE 7.76 %
  • ROE 5.12 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 76.0 to 59.1 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 26.9%
  • Company has a low return on equity of 4.97% over last 3 years.
  • Earnings include an other income of Rs.2.18 Cr.
  • Promoter holding has decreased over last 3 years: -25.7%

* 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: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Figures in Rs. Crores

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
18.39 19.29 20.51 12.31 10.29 10.63 41.26 21.00 19.48 20.05 19.58 25.66 25.72
17.44 18.32 20.07 11.55 9.70 10.15 40.32 20.34 18.85 20.70 17.99 24.70 24.95
Operating Profit 0.95 0.97 0.44 0.76 0.59 0.48 0.94 0.66 0.63 -0.65 1.59 0.96 0.77
OPM % 5.17% 5.03% 2.15% 6.17% 5.73% 4.52% 2.28% 3.14% 3.23% -3.24% 8.12% 3.74% 2.99%
0.01 0.01 0.01 0.01 0.00 0.02 0.26 0.07 0.29 1.57 0.26 0.04 0.31
Interest 0.22 0.08 0.11 0.10 0.13 0.13 0.12 0.13 0.19 0.12 0.11 0.15 0.06
Depreciation 0.29 0.34 0.29 0.25 0.25 0.26 0.24 0.21 0.21 0.21 0.24 0.22 0.23
Profit before tax 0.45 0.56 0.05 0.42 0.21 0.11 0.84 0.39 0.52 0.59 1.50 0.63 0.79
Tax % 22.22% 19.64% 220.00% 23.81% 19.05% 0.00% 35.71% -2.56% 23.08% 23.73% 38.67% 25.40% 22.78%
0.35 0.44 -0.06 0.32 0.16 0.11 0.54 0.40 0.40 0.44 0.91 0.47 0.62
EPS in Rs 0.02 0.02 -0.00 0.02 0.01 0.01 0.03 0.02 0.02 0.03 0.05 0.03 0.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.00 0.57 7.21 13.23 28.53 42.28 39.65 40.03 50.82 74.04 74.48 80.00 91.01
0.00 0.56 7.08 13.00 27.86 41.35 38.97 38.79 49.18 70.96 71.71 77.76 88.34
Operating Profit 0.00 0.01 0.13 0.23 0.67 0.93 0.68 1.24 1.64 3.08 2.77 2.24 2.67
OPM % 1.75% 1.80% 1.74% 2.35% 2.20% 1.72% 3.10% 3.23% 4.16% 3.72% 2.80% 2.93%
0.00 0.00 0.01 0.00 0.05 0.22 0.34 0.06 0.02 0.03 0.29 2.19 2.18
Interest 0.00 0.00 0.00 0.02 0.14 0.35 0.11 0.33 0.58 0.54 0.48 0.56 0.44
Depreciation 0.00 0.00 0.03 0.07 0.19 0.31 0.44 0.49 0.58 1.11 1.00 0.87 0.90
Profit before tax 0.00 0.01 0.11 0.14 0.39 0.49 0.47 0.48 0.50 1.46 1.58 3.00 3.51
Tax % 0.00% 27.27% 28.57% 28.21% 20.41% 14.89% 29.17% 26.00% 28.08% 28.48% 28.00%
0.00 0.01 0.07 0.10 0.28 0.39 0.41 0.35 0.37 1.05 1.12 2.16 2.44
EPS in Rs 0.02 0.12 0.18 0.36 0.03 0.03 0.02 0.02 0.05 0.06 0.12 0.15
Dividend Payout % 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: 64%
5 Years: 15%
3 Years: 16%
TTM: -1%
Compounded Profit Growth
10 Years: 71%
5 Years: 39%
3 Years: 80%
TTM: 68%
Stock Price CAGR
10 Years: %
5 Years: 31%
3 Years: -19%
1 Year: 80%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 5%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2012 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 0.01 0.24 0.24 0.24 0.33 5.86 6.16 8.41 10.01 10.01 17.52 17.52 34.45
Reserves 0.00 0.12 0.19 0.29 0.64 5.09 6.01 7.49 5.65 6.38 24.15 25.19 51.68
0.00 0.00 0.00 0.78 0.62 4.68 4.77 5.02 6.78 5.35 5.18 2.17 2.20
0.00 0.14 1.19 1.12 11.26 3.68 1.31 2.15 5.58 7.27 11.88 2.65 0.77
Total Liabilities 0.01 0.50 1.62 2.43 12.85 19.31 18.25 23.07 28.02 29.01 58.73 47.53 89.10
0.00 0.01 0.20 0.30 1.14 1.04 1.02 2.07 5.16 6.21 6.29 10.32 9.94
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.26 0.92 1.07
Investments 0.00 0.00 0.00 0.00 5.71 6.02 3.76 3.08 1.15 0.70 3.74 2.14 4.34
0.01 0.49 1.42 2.13 6.00 12.25 13.47 17.92 21.71 22.10 48.44 34.15 73.75
Total Assets 0.01 0.50 1.62 2.43 12.85 19.31 18.25 23.07 28.02 29.01 58.73 47.53 89.10

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 0.17 -0.62 -2.96 -2.64 -4.92 -4.38 1.16 3.68 -5.58 -3.95
0.00 -0.23 -0.17 -2.38 -0.46 1.42 0.47 -3.41 -1.90 -15.82 7.64
0.00 0.10 0.73 5.36 8.30 -1.06 3.30 2.37 -1.97 21.66 -3.57
Net Cash Flow 0.00 0.04 -0.06 0.02 5.20 -4.57 -0.61 0.12 -0.19 0.25 0.12

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 57.63 39.99 33.38 16.63 24.69 44.46 115.25 98.47 68.23 100.71 59.13
Inventory Days 141.02 22.39 13.62 63.23 19.37 50.74 34.39 45.65 33.53 38.81 79.74
Days Payable 99.55 65.91 26.90 78.66 9.01 11.61 20.17 45.82 38.78 56.13 8.20
Cash Conversion Cycle 99.11 -3.53 20.10 1.20 35.06 83.59 129.47 98.30 62.98 83.39 130.68
Working Capital Days 96.05 4.56 9.38 -29.43 35.39 90.03 138.23 112.04 71.88 110.66 134.05
ROCE % 0.00% 27.85% 18.39% 36.55% 9.64% 3.56% 4.44% 4.98% 9.10% 6.01% 7.76%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
52.62% 52.62% 52.62% 32.41% 36.39% 36.39% 30.28% 27.46% 26.44% 26.44% 26.89% 26.89%
0.00% 0.00% 0.00% 0.24% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.29%
4.26% 4.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
43.12% 43.12% 47.38% 67.36% 63.60% 63.59% 69.72% 72.53% 73.56% 73.56% 73.11% 72.82%
No. of Shareholders 3,9324,9494,7978,14216,42921,18721,54822,95030,93341,05351,22463,906

* 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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