Aplab Ltd

Aplab Ltd

₹ 95.0 -2.28%
28 Jun - close price
About

Incorporated in 1962, APLAB Limited is engaged in the manufacturing & marketing of professional electronic equipment business.

Key Points

Product & Services:[1]
a) Test and Measurement Instruments (T&M)
b) Power Conversion & Controls (PCC)
c) Power Supply Equipment (PE) and Ups System
d) Banking and Retail Automation (BA)
e) Cable Fault Locating Instruments (CFS)
f) High Power DC System
g) Design & Manufacturing Services
h) Power Energy Saver
i) Laboratory Instruments
j) Recently, the company has also diversified into Solar Power Equipment business.

  • Market Cap 105 Cr.
  • Current Price 95.0
  • High / Low 127 / 51.9
  • Stock P/E 73.6
  • Book Value 9.13
  • Dividend Yield 0.00 %
  • ROCE 14.7 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 10.4 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.41% over past five years.
  • Tax rate seems low
  • Company has high debtors of 167 days.
  • Working capital days have increased from 97.8 days to 194 days

* 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: Electronics Industry: Electronics - Components

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
20.38 9.10 10.95 14.85 16.46 10.89 10.56 11.54 18.49 9.11 10.88 11.93 17.61
18.84 8.86 12.27 12.95 10.97 12.12 11.49 10.54 11.27 8.34 9.34 11.43 15.88
Operating Profit 1.54 0.24 -1.32 1.90 5.49 -1.23 -0.93 1.00 7.22 0.77 1.54 0.50 1.73
OPM % 7.56% 2.64% -12.05% 12.79% 33.35% -11.29% -8.81% 8.67% 39.05% 8.45% 14.15% 4.19% 9.82%
1.16 0.05 0.09 0.11 -1.34 -1.44 0.07 -0.41 0.06 0.06 0.06 0.05 -0.03
Interest 1.49 1.55 1.29 1.13 0.70 0.67 0.66 0.75 0.93 0.67 1.35 0.33 1.09
Depreciation 0.10 0.10 0.10 0.09 0.08 0.12 0.12 0.12 0.08 0.14 0.11 0.08 0.12
Profit before tax 1.11 -1.36 -2.62 0.79 3.37 -3.46 -1.64 -0.28 6.27 0.02 0.14 0.14 0.49
Tax % 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%
1.11 -1.35 -2.62 0.78 3.37 -3.46 -1.64 -0.28 6.27 0.02 0.14 0.14 0.49
EPS in Rs 1.11 -1.35 -2.62 0.78 3.37 -3.46 -1.64 -0.28 6.27 0.02 0.13 0.13 0.44
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
71.53 94.86 74.18 70.89 72.04 61.03 53.19 51.47 53.02 51.36 51.48 49.54
66.40 82.20 76.93 76.44 74.36 65.02 55.68 47.45 47.75 44.42 45.27 45.00
Operating Profit 5.13 12.66 -2.75 -5.55 -2.32 -3.99 -2.49 4.02 5.27 6.94 6.21 4.54
OPM % 7.17% 13.35% -3.71% -7.83% -3.22% -6.54% -4.68% 7.81% 9.94% 13.51% 12.06% 9.16%
2.27 0.93 0.71 0.82 1.55 0.38 18.50 3.42 1.32 -1.08 -1.72 0.15
Interest 8.96 10.22 10.63 11.24 11.21 10.82 8.06 6.21 6.60 5.31 3.84 3.45
Depreciation 2.14 2.78 1.76 1.62 1.56 1.44 1.29 1.02 0.38 0.38 0.45 0.44
Profit before tax -3.70 0.59 -14.43 -17.59 -13.54 -15.87 6.66 0.21 -0.39 0.17 0.20 0.80
Tax % 0.54% 0.00% 0.00% 0.00% 0.00% 0.00% 18.77% 0.00% 0.00% 0.00% 0.00% 0.00%
-3.67 0.59 -14.43 -17.59 -13.54 -15.87 5.41 0.21 -0.39 0.17 0.20 0.80
EPS in Rs -3.67 0.59 -14.43 -17.59 -13.54 -15.87 5.41 0.21 -0.39 0.17 0.20 0.72
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: -6%
5 Years: -1%
3 Years: -2%
TTM: -4%
Compounded Profit Growth
10 Years: 8%
5 Years: 16%
3 Years: 78%
TTM: -39%
Stock Price CAGR
10 Years: 11%
5 Years: 67%
3 Years: 68%
1 Year: 69%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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
Equity Capital 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 10.00 10.00 13.96
Reserves 21.26 21.84 7.02 -10.57 -23.03 -37.54 -31.64 -31.38 -31.08 -30.76 -29.81 -3.83
70.34 74.85 72.78 71.71 66.30 70.28 70.20 71.36 71.71 47.62 50.24 25.97
35.03 48.83 42.05 65.49 70.61 68.55 59.67 48.54 43.90 39.54 45.08 35.24
Total Liabilities 131.63 150.52 126.85 131.63 118.88 106.29 103.23 93.52 89.53 66.40 75.51 71.34
59.13 57.68 55.04 53.33 51.61 16.78 4.26 3.70 3.47 6.54 7.37 7.02
CWIP 1.64 0.00 0.00 0.00 0.35 0.82 2.35 3.59 3.88 1.08 0.00 0.49
Investments 2.26 2.26 0.07 0.07 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
68.60 90.58 71.74 78.23 66.90 88.67 96.60 86.21 82.16 58.76 68.12 63.81
Total Assets 131.63 150.52 126.85 131.63 118.88 106.29 103.23 93.52 89.53 66.40 75.51 71.34

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
-12.31 -9.37 -3.64 -5.70 4.45 -27.50 2.32 -23.38 -1.02 18.73 -2.99 -3.38
-3.15 0.20 2.68 0.07 -0.42 -1.57 20.69 31.67 -0.25 -0.38 0.02 0.18
16.00 6.53 -1.67 12.05 -7.16 30.06 -23.37 -8.33 0.35 -19.10 2.62 3.46
Net Cash Flow 0.54 -2.64 -2.63 6.43 -3.13 0.99 -0.36 -0.03 -0.92 -0.75 -0.35 0.25

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 67.76 109.66 90.00 102.77 88.92 36.42 131.89 134.24 104.71 124.51 188.03 167.47
Inventory Days 484.26 288.61 275.19 152.39 102.72 168.84 184.91 301.69 243.23 300.66 285.14 663.21
Days Payable 154.91 198.46 103.01 192.21 18.98 156.27 152.70 164.50 167.18 129.08 194.05 190.71
Cash Conversion Cycle 397.12 199.81 262.18 62.95 172.66 48.99 164.11 271.42 180.76 296.09 279.12 639.97
Working Capital Days 158.59 104.54 136.44 -56.89 -126.67 165.25 205.04 177.07 173.62 44.84 54.17 194.44
ROCE % 5.47% 11.00% -4.08% -8.40% -4.91% -11.74% -8.51% 7.41% 13.71% 18.98% 21.64%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.06% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29% 63.28% 63.28% 63.28% 63.28%
0.00% 0.00% 0.00% 0.00% 0.00% 1.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.05% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
50.90% 40.69% 40.69% 40.69% 40.69% 39.25% 40.70% 40.69% 36.70% 36.69% 36.71% 36.69%
No. of Shareholders 4,1254,3284,4524,5174,4564,5494,7454,5364,3814,5364,5604,875

* 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.

Click on the line-items to see the names of individual entities.

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