Arrow Greentech Ltd

₹ 907 -2.72%

21 Nov - close price

arrowgreentech.com BSE: 516064 NSE: ARROWGREEN

About

Incorporated in 1982, Arrow Greentech
Ltd is in the business of bio-degradable (green) products, high-tech products and having Patents income for such products /technology^[1]

Key Points

Business Overview:^[1]^[2]
AGL is a largest manufacturer of Water Soluble Films in India. It does development, production & marketing of a wide Range of Water Soluble Films including Mouth Dissolving Strips. It also provides security products and intellectual property services.

Website BSE NSE

Market Cap ₹ 1,369 Cr.
Current Price ₹ 907
High / Low ₹ 1,099 / 301
Stock P/E 21.5
Book Value ₹ 108
Dividend Yield 0.22 %
ROCE 48.7 %
ROE 36.7 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 185% CAGR over last 5 years

Cons

Stock is trading at 8.37 times its book value
Promoter holding has decreased over last quarter: -1.85%

* 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: Plastic products Industry: Plastics Products

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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
	8	7	5	9	18	31	47	31	29	25	48	64	57
	8	9	9	12	16	21	29	18	18	16	28	35	31
Operating Profit	0	-2	-3	-3	2	10	18	12	11	9	20	29	26
OPM %	4%	-24%	-66%	-31%	11%	33%	39%	40%	37%	36%	42%	45%	46%
	5	1	1	1	1	1	2	1	1	1	2	1	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	4	-2	-4	-3	2	9	19	12	11	9	21	29	26
Tax %	7%	-4%	-37%	-7%	-28%	34%	29%	30%	28%	18%	23%	26%	26%
	4	-2	-2	-3	2	6	13	9	8	7	16	21	20
EPS in Rs	2.57	-1.62	-1.62	-2.17	1.72	4.14	8.80	5.79	5.04	4.69	10.53	14.07	12.94
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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
	10	17	20	23	31	39	43	31	27	24	106	132	194
	8	12	11	11	15	27	46	28	23	29	78	80	110
Operating Profit	1	5	9	12	16	12	-3	4	3	-5	28	52	84
OPM %	14%	30%	46%	51%	52%	31%	-7%	12%	13%	-22%	26%	39%	43%
	1	1	1	5	2	10	7	2	3	7	4	6	5
Interest	0	0	0	0	0	0	0	1	1	1	1	0	0
Depreciation	0	0	1	1	1	4	3	3	4	4	4	5	5
Profit before tax	2	6	9	16	17	18	1	2	2	-3	27	52	84
Tax %	5%	26%	30%	29%	18%	16%	81%	7%	-57%	-43%	29%	25%
	2	5	7	11	14	15	0	2	3	-2	19	39	64
EPS in Rs	1.16	3.23	4.65	7.96	9.79	10.74	0.13	1.50	1.79	-1.21	12.51	26.05	42.23
Dividend Payout %	54%	39%	45%	47%	48%	16%	309%	0%	0%	0%	8%	8%

Compounded Sales Growth
10 Years:	22%
5 Years:	25%
3 Years:	70%
TTM:	40%

Compounded Profit Growth
10 Years:	24%
5 Years:	185%
3 Years:	152%
TTM:	78%

Stock Price CAGR
10 Years:	12%
5 Years:	80%
3 Years:	93%
1 Year:	104%

Return on Equity
10 Years:	20%
5 Years:	17%
3 Years:	24%
Last Year:	37%

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	12	12	12	12	12	12	12	14	14	14	15	15	15
Reserves	5	7	10	16	30	38	36	44	46	44	73	111	148
	3	0	0	0	0	0	0	5	4	4	3	0	0
	5	7	9	6	6	6	7	7	7	7	15	10	16
Total Liabilities	24	26	31	33	47	56	55	70	71	69	106	136	180
	2	3	5	5	16	16	13	17	15	14	12	15	16
CWIP	1	1	1	1	1	1	1	0	0	1	1	3	3
Investments	0	7	15	16	19	26	12	11	6	2	1	37	76
	20	14	9	11	11	14	28	42	50	52	92	81	85
Total Assets	24	26	31	33	47	56	55	70	71	69	106	136	180

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
	4	10	10	7	12	3	-10	10	-0	1	10	20
	0	-8	-11	3	-12	1	14	-23	-0	0	-18	-16
	-6	-2	-2	-7	-2	-6	-2	12	-1	-1	9	-4
Net Cash Flow	-2	1	-3	3	-2	-2	2	-0	-2	0	0	-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	117	9	9	9	21	29	59	31	91	42	72	67
Inventory Days	843	483	72	155	225	200	77	92	136	215	103	155
Days Payable	489	306	171	182	238	101	43	74	71	107	59	19
Cash Conversion Cycle	471	186	-90	-19	8	128	93	48	156	150	116	203
Working Capital Days	198	-6	-102	-35	8	60	83	16	89	82	82	116
ROCE %	9%	33%	46%	64%	48%	39%	2%	6%	4%	-4%	36%	49%

Shareholding Pattern

Numbers in percentages

5 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	70.35%	70.35%	70.35%	70.35%	68.60%	68.60%	68.60%	68.60%	68.60%	68.60%	68.60%	66.75%
	0.06%	0.00%	0.00%	0.01%	0.00%	0.13%	0.00%	0.02%	0.00%	1.28%	0.21%	0.09%
	29.59%	29.65%	29.65%	29.64%	31.40%	31.28%	31.41%	31.38%	31.42%	30.13%	31.19%	33.16%
No. of Shareholders	8,694	8,934	8,719	9,268	7,832	7,760	8,201	8,137	12,630	13,430	14,838	22,320

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	69.68%	65.42%	65.42%	70.35%	70.28%	70.35%	68.60%	68.60%	66.75%
	0.80%	1.30%	0.83%	0.10%	0.21%	0.00%	0.13%	1.28%	0.09%
	0.35%	8.16%	1.95%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%
	29.18%	25.12%	31.80%	29.41%	29.52%	29.65%	31.28%	30.13%	33.16%
No. of Shareholders	5,981	8,578	9,402	8,595	7,638	8,934	7,760	13,430	22,320

* 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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