Aksh Optifibre Ltd

Aksh Optifibre Ltd

₹ 10.2 -1.65%
04 Dec 1:58 p.m.
About

Incorporated in 1986, Aksh Optifibre Ltd does manufacturing and selling of Optical Fibre, Optical Fibre Cable, Fibre Reinforced Plastic Rods, Impregnated Glass Roving Reinforcement and ophthalmic lens. It also provides E Governance and FTTH services[1]

Key Points

Business Overview:[1][2]
AOL is a ISO 9001 and ISO 14001 certified company. It manufactures optical fibre, optical fibre cables like aerial, duct, armoured, indoor and outdoor FTTH drop cables meeting ITU-T standards. Company supplies FRP rod to optical fibre cable manufacturers in 56 countries. Also, company is undertaking e-governance services, which includes 10,000 plus e-Governance kiosks in Rajasthan and is providing smart city/ turnkey solutions, which includes installation and managing of OFC turnkey of 350 km in Jaipur smart city project

  • Market Cap 165 Cr.
  • Current Price 10.2
  • High / Low 15.8 / 7.84
  • Stock P/E 14.6
  • Book Value 6.75
  • Dividend Yield 0.00 %
  • ROCE -0.28 %
  • ROE 5.85 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 73.8 to 41.2 days.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.65%
  • The company has delivered a poor sales growth of -16.5% over past five years.
  • Promoter holding is low: 25.2%
  • Company has a low return on equity of 5.64% over last 3 years.
  • Contingent liabilities of Rs.205 Cr.
  • 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: Cables Industry: Cables - Telephone

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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
68.55 74.98 86.22 75.33 57.35 65.11 75.88 56.64 59.15 51.44 47.78 40.98 25.89
56.55 62.65 71.21 61.26 49.74 53.68 63.85 48.83 53.20 48.00 46.97 40.54 29.09
Operating Profit 12.00 12.33 15.01 14.07 7.61 11.43 12.03 7.81 5.95 3.44 0.81 0.44 -3.20
OPM % 17.51% 16.44% 17.41% 18.68% 13.27% 17.55% 15.85% 13.79% 10.06% 6.69% 1.70% 1.07% -12.36%
1.10 2.65 0.41 0.83 0.67 1.49 2.16 0.75 -1.08 2.18 -228.89 0.25 12.77
Interest 4.94 5.00 4.54 4.05 3.84 1.92 2.74 2.54 2.45 2.01 3.32 2.04 0.85
Depreciation 3.75 3.72 3.70 3.68 3.85 3.78 3.85 3.34 3.27 3.34 3.30 2.82 3.00
Profit before tax 4.41 6.26 7.18 7.17 0.59 7.22 7.60 2.68 -0.85 0.27 -234.70 -4.17 5.72
Tax % 29.25% 25.88% 31.20% 29.29% 37.29% 33.52% 31.71% 5.22% 74.12% 44.44% -10.20% -25.42% 38.46%
3.12 4.64 4.93 5.07 0.37 4.80 5.20 2.54 -1.48 0.16 -210.74 -3.11 3.53
EPS in Rs 0.19 0.29 0.30 0.31 0.02 0.30 0.32 0.16 -0.09 0.01 -12.95 -0.19 0.22
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
233 220 348 435 458 583 529 250 246 301 274 215 166
200 186 299 365 408 513 440 228 212 249 228 206 165
Operating Profit 33 34 49 70 50 70 88 22 35 52 45 9 1
OPM % 14% 15% 14% 16% 11% 12% 17% 9% 14% 17% 16% 4% 1%
13 14 7 -4 6 4 11 -231 5 6 5 -218 -214
Interest 4 7 7 10 13 18 28 26 22 20 13 10 8
Depreciation 17 15 16 19 20 21 24 17 16 15 15 13 12
Profit before tax 26 26 33 37 22 35 47 -253 3 24 23 -233 -233
Tax % 0% 0% 2% 10% 39% 34% 40% -2% 28% 29% 32% -10%
26 26 32 34 14 23 28 -248 2 17 15 -210 -210
EPS in Rs 1.75 1.75 2.12 2.06 0.84 1.40 1.73 -15.23 0.14 1.05 0.95 -12.88 -12.91
Dividend Payout % 0% 14% 0% 0% 0% 21% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: -16%
3 Years: -4%
TTM: -35%
Compounded Profit Growth
10 Years: -5%
5 Years: -14%
3 Years: 60%
TTM: -3%
Stock Price CAGR
10 Years: -5%
5 Years: 10%
3 Years: 6%
1 Year: 2%
Return on Equity
10 Years: 5%
5 Years: 2%
3 Years: 6%
Last Year: 6%

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 74 74 76 81 81 81 81 81 81 81 81 81 81
Reserves 285 282 318 364 388 410 433 183 186 203 219 28 28
12 117 119 88 131 230 202 156 154 113 80 67 47
132 62 92 98 139 173 166 149 127 132 90 86 100
Total Liabilities 503 536 604 632 739 895 882 569 548 530 471 262 257
107 94 94 80 91 176 170 162 149 135 126 111 106
CWIP 3 16 1 2 165 152 153 2 1 0 0 0 0
Investments 113 187 260 260 151 156 160 150 182 185 185 31 31
280 240 249 290 332 411 398 255 217 210 160 120 120
Total Assets 503 536 604 632 739 895 882 569 548 530 471 262 257

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
-11 13 7 29 55 3 104 82 44 57 53 23
20 -13 1 -8 -59 -80 -21 -11 -28 -1 -6 -2
-8 -2 -5 -22 2 80 -87 -68 -19 -52 -48 -22
Net Cash Flow 1 -1 3 -1 -2 3 -3 4 -3 4 -2 -1

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 96 113 133 119 124 133 126 181 151 129 51 41
Inventory Days 39 70 48 34 52 46 76 109 105 82 45 51
Days Payable 98 106 100 98 117 100 108 200 213 164 78 113
Cash Conversion Cycle 37 76 81 55 59 79 95 90 43 47 17 -21
Working Capital Days 210 249 135 128 97 112 62 57 57 43 -2 -35
ROCE % 6% 6% 8% 10% 6% 8% 10% 2% 6% 11% 9% -0%

Shareholding Pattern

Numbers in percentages

9 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
27.95% 27.95% 27.95% 27.95% 27.95% 27.95% 27.18% 26.95% 26.77% 26.14% 25.90% 25.25%
0.27% 0.30% 0.25% 0.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00%
71.79% 71.76% 71.81% 71.96% 72.05% 72.04% 72.82% 73.05% 73.23% 73.86% 74.11% 74.76%
No. of Shareholders 68,72374,96374,35874,16472,32170,44668,95869,41767,93169,43568,25469,401

* 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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