BSE: 517096 | NSE: APLAB | Electric Equipment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Aplab Ltd is a below average quality company.
The key valuation ratios of Aplab Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aplab Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -4.1% | -7.8% | -3.3% | -10% | 36.3% | 16.1% | 13.8% | 15.1% | 14.1% | 13% | - |
| Value Creation Index ⓘ | -1.3 | NA | NA | NA | NA | NA | NA | 0.1 | 0.0 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 74.3 | 71 | 72.1 | 61 | 53.2 | 51.6 | 53 | 51.4 | 51.5 | 49.5 | 57 |
| Sales YoY Gr. | - | -4.4% | 1.5% | -15.3% | -12.8% | -3% | 2.8% | -3.1% | 0.3% | -3.8% | - |
| Adj EPS ⓘ | -20.2 | -24.7 | -19.3 | -22.1 | -2.7 | -2.9 | -0.6 | 1.2 | 1.7 | 1.1 | -5 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | 48.7% | -38% | - |
| BVPS (₹) ⓘ | 16.7 | -7.8 | -25.1 | -45.3 | -37.1 | -36.7 | -36.3 | -20.8 | -19.8 | 6.5 | 8.6 |
| Adj Net Profit ⓘ | -14.5 | -17.7 | -13.9 | -15.9 | -2 | -2.1 | -0.4 | 1.2 | 1.7 | 1.2 | -6 |
| Cash Flow from Ops. ⓘ | -3.6 | -5.7 | 4.5 | -17.1 | -5.1 | -23.4 | -1 | 18.7 | -2.9 | -3.4 | - |
| Debt/CF from Ops. ⓘ | -20.1 | -14.7 | 18.4 | -4.1 | -13.9 | -3.1 | -70.2 | 2.5 | -17.4 | -7.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -4.4% | -1.4% | -2.2% | -3.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | -38% | ||||
| BVPSⓘ | -9.9% | NA | NA | NA | ||||
| Share Price | 8.9% | 67.8% | 28.5% | -34.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -74.6 | -550 | 117.6 | 62.8 | 6.6 | 7.8 | 1.6 | -4.9 | -8.5 | -24.4 | -66 |
| Op. Profit Mgn % ⓘ | -3.7 | -8.2 | -3.6 | -6.5 | -4.7 | 9.1 | 9.9 | 13.5 | 10.9 | 9.1 | -8.5 |
| Net Profit Mgn % ⓘ | -19.5 | -25 | -19.3 | -26 | -3.7 | -4 | -0.8 | 2.3 | 3.3 | 2.4 | -11 |
| Debt to Equity ⓘ | 6.1 | -14.9 | -4.5 | -2.2 | -2.6 | -2.7 | -2.8 | -2.3 | -2.5 | 2.6 | - |
| Working Cap Days ⓘ | 389 | 356 | 343 | 384 | 551 | 688 | 623 | 551 | 504 | 542 | 160 |
| Cash Conv. Cycle ⓘ | 244 | 171 | 118 | 102 | 89 | 153 | 142 | 143 | 233 | 312 | 9 |
Sales growth is good in last 4 quarters at 16.31%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -2.24%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -5 | -14.4 |
| TTM Sales (₹ Cr.) | 57.4 | 71.1 |
| BVPS (₹.) ⓘ | 8.6 | 0 |
| Reserves (₹ Cr.) ⓘ | -2 | -1 |
| P/BV ⓘ | 5.85 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 48.02 / 127.00 |
| All Time Low / High (₹) | 1.32 / 129.44 |
| Market Cap (₹ Cr.) | 63.3 |
| Equity (₹ Cr.) | 12.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 71.4 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 17.6 | -4.8 | 9.9 | 9 | 13.9 | 27.4 | 15.9 | 33.6 |
| Adj EPS (₹) ⓘ | 0.8 | -86.6 | 0.1 | 350 | 1.4 | 961.5 | -6.7 | -2067.7 |
| Op. Profit Mgn % ⓘ | 9.81 | -2927 bps | 8.37 | -4 bps | 4.25 | -995 bps | -50.20 | -5639 bps |
| Net Profit Mgn % ⓘ | 5.30 | -2862 bps | 1.02 | 79 bps | 11.04 | 972 bps | -52.77 | -5596 bps |
| Pledged * | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 29.42 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| Waaree Energies | 2,446.5 | 11.9 (0.5%) | Small Cap | 10,718 | 40 | 8 | 60.2 | 7.2 |
| V-Guard Inds. | 357.6 | 7.9 (2.2%) | Small Cap | 4,559 | 6 | 5.1 | 59.6 | 8.2 |
| Transrail Lighting | 488.2 | 6.7 (1.4%) | Small Cap | 4,077 | 17.5 | 5.7 | 26.5 | 2.8 |
| Schneider Ele. Infra | 669.5 | 4.7 (0.7%) | Small Cap | 2,207 | 9.1 | 7.9 | 73.9 | 31.4 |
| Bharat Bijlee | 2,878.9 | -107.8 (-3.6%) | Small Cap | 1,872 | 116.7 | 6.9 | 24.7 | 1.5 |
| Inox Wind | 162.8 | 4.2 (2.6%) | Small Cap | 1,743 | 2.4 | -2.7 | 68.9 | 7.6 |
| Voltamp Transformers | 7,131.2 | -92.9 (-1.3%) | Small Cap | 1,616 | 318.4 | 18.5 | 22.4 | 4.8 |
| HPL Electric | 422 | 2.8 (0.7%) | Small Cap | 1,421 | 10.5 | 2.9 | 39.5 | 3 |
| Transformers & Rect | 536 | 21.6 (4.2%) | Small Cap | 1,273 | 4.9 | 3.3 | 109.7 | 14 |
| Genus Power Infra | 261.3 | -11.1 (-4.1%) | Small Cap | 1,201 | 6.6 | 5.9 | 39.7 | 4.6 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 74.29 | 71.01 | 72.08 | 61.04 | 53.21 | 51.60 | 53.02 | 51.36 | 51.49 | 49.54 |
| Operating Expenses ⓘ | 77.05 | 76.87 | 74.91 | 65.04 | 55.70 | 46.93 | 47.75 | 44.42 | 45.88 | 45.01 |
| Manufacturing Costs | 4.99 | 4.59 | 5.18 | 6.01 | 5.17 | 5.32 | 5.22 | 5.94 | 6.49 | 7.44 |
| Material Costs | 44.22 | 44.55 | 41.54 | 29.92 | 25.72 | 19.37 | 22.99 | 18.55 | 16.59 | 16.23 |
| Employee Cost | 19.05 | 17.14 | 16.82 | 17.89 | 13.97 | 13.40 | 11.27 | 12.51 | 12.93 | 12.37 |
| Other Costs ⓘ | 8.79 | 10.58 | 11.38 | 11.22 | 10.84 | 8.85 | 8.28 | 7.41 | 9.87 | 8.97 |
| Operating Profit ⓘ | -2.76 | -5.85 | -2.83 | -4 | -2.48 | 4.67 | 5.26 | 6.94 | 5.61 | 4.53 |
| Operating Profit Margin (%) | -3.7% | -8.2% | -3.9% | -6.5% | -4.7% | 9.0% | 9.9% | 13.5% | 10.9% | 9.1% |
| Other Income ⓘ | 0.72 | 1.16 | 1.36 | 0.38 | 0.32 | 0.35 | 1.39 | 0.34 | 1.07 | 0.87 |
| Interest ⓘ | 10.63 | 11.28 | 11.21 | 10.82 | 8.06 | 6.93 | 6.66 | 5.31 | 3.84 | 3.53 |
| Depreciation ⓘ | 1.76 | 1.62 | 1.56 | 1.44 | 1.29 | 1.02 | 0.38 | 0.38 | 0.45 | 0.44 |
| Exceptional Items ⓘ | 0 | 0 | 0.70 | 0 | 18.18 | 3.14 | 0 | -1.43 | -2.19 | -0.63 |
| Profit Before Tax ⓘ | -14.43 | -17.59 | -13.54 | -15.87 | 6.66 | 0.21 | -0.39 | 0.17 | 0.20 | 0.80 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 1.25 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -14.43 | -17.59 | -13.54 | -15.87 | 5.41 | 0.21 | -0.39 | 0.17 | 0.20 | 0.80 |
| PAT Margin (%) | -19.4% | -24.8% | -18.8% | -26.0% | 10.2% | 0.4% | -0.7% | 0.3% | 0.4% | 1.6% |
| Adjusted EPS (₹) | -20.1 | -24.5 | -18.9 | -22.1 | 7.5 | 0.3 | -0.5 | 0.2 | 0.2 | 0.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 12.02 | -5.57 | -18.03 | -32.54 | -26.64 | -26.38 | -26.08 | -20.76 | -19.81 | 10.13 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 10 | 10 | 13.96 |
| Reserves ⓘ | 7.02 | -10.57 | -23.03 | -37.54 | -31.64 | -31.38 | -31.08 | -30.76 | -29.81 | -3.83 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 69.69 | 71.69 | 66.30 | 70.28 | 70.19 | 71.36 | 71.71 | 47.62 | 50.23 | 25.97 |
| Long Term Debt | 7.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 62.31 | 71.69 | 66.30 | 70.28 | 70.19 | 71.36 | 71.71 | 47.62 | 50.23 | 25.97 |
| Trade Payables | 12.49 | 23.46 | 2.16 | 12.81 | 10.76 | 8.73 | 10.53 | 6.56 | 8.82 | 8.48 |
| Others Liabilities ⓘ | 32.54 | 41.94 | 76.57 | 63.86 | 58.29 | 49.17 | 42.72 | 42.37 | 45.64 | 36.25 |
| Total Liabilities ⓘ | 126.74 | 131.52 | 126.99 | 114.40 | 112.60 | 102.88 | 98.89 | 75.77 | 84.87 | 80.83 |
Fixed Assets | ||||||||||
| Gross Block | 80.43 | 80.24 | 79.86 | 39.78 | 30.17 | 4.20 | 19.73 | 22.93 | 23.99 | 23.68 |
| Accumulated Depreciation | 25.40 | 26.92 | 28.25 | 23.13 | 26.03 | 0.63 | 16.37 | 16.50 | 16.73 | 16.76 |
| Net Fixed Assetsⓘ | 55.04 | 53.33 | 51.61 | 16.65 | 4.14 | 3.58 | 3.36 | 6.43 | 7.26 | 6.92 |
| CWIP ⓘ | 0 | 0 | 0.35 | 0.82 | 2.35 | 3.59 | 3.88 | 1.08 | 0 | 0.49 |
| Investmentsⓘ | 0.07 | 0.07 | 0.02 | 0.02 | 0.14 | 0.14 | 0.02 | 0.02 | 0.02 | 0.02 |
| Inventories | 33.34 | 18.60 | 11.69 | 13.84 | 13.03 | 16.01 | 15.32 | 15.28 | 24.73 | 29.49 |
| Trade Receivables | 18.29 | 19.96 | 17.55 | 6.09 | 19.22 | 18.93 | 15.21 | 17.52 | 30.03 | 22.73 |
| Cash Equivalents | -2.27 | 6.08 | 2.95 | 3.94 | 3.58 | 3.55 | 2.63 | 1.88 | 1.63 | 1.91 |
| Others Assetsⓘ | 22.26 | 33.47 | 42.81 | 73.03 | 70.14 | 57.08 | 58.47 | 33.56 | 21.20 | 19.27 |
| Total Assets ⓘ | 126.74 | 131.52 | 126.99 | 114.40 | 112.60 | 102.88 | 98.89 | 75.77 | 84.87 | 80.83 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3.64 | -5.70 | 4.45 | -17.11 | -5.07 | -23.38 | -1.02 | 18.73 | -2.89 | -3.38 |
| PBT ⓘ | -14.43 | -17.59 | -12.45 | -15.87 | 6.66 | 0.21 | -0.39 | 0.32 | 0.95 | 2.22 |
| Adjustment ⓘ | 1.37 | 1.45 | 1.64 | 13.71 | -10.34 | 0.86 | 0.87 | 0.16 | 0.22 | -0.20 |
| Changes in Working Capital ⓘ | 9.43 | 10.45 | 15.26 | -14.95 | -1.39 | -24.44 | -1.51 | 18.24 | -4.06 | -5.4 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 2.68 | 0.07 | -0.42 | -1.57 | 9.71 | 31.67 | -0.25 | -0.38 | 0.02 | 0.18 |
| Capex | 0.49 | 0.07 | -0.07 | -1.11 | 11.24 | 31.70 | -0.16 | 0.02 | -1.25 | -0.10 |
| Net Investments | 2.19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -0.35 | -0.47 | -1.53 | -0.03 | -0.09 | -0.40 | 1.27 | 0.27 |
| Cash Flow From Financing Activityⓘ | -1.67 | 12.05 | -7.16 | 19.67 | -5.01 | -8.33 | 0.35 | -19.10 | 2.62 | 3.46 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 24.85 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0.17 | 0.18 | 0 | -10.39 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1.84 | 11.86 | -7.16 | 30.06 | -5.01 | -8.33 | 0.35 | -24.10 | 2.62 | -21.39 |
| Net Cash Flow ⓘ | -2.63 | 6.43 | -3.13 | 0.99 | -0.36 | -0.03 | -0.92 | -0.75 | -0.25 | 0.25 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -74.37 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| ROCE (%) | -4.06 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 13.03 |
| Asset Turnover Ratio | 0.56 | 0.58 | 0.59 | 0.51 | 0.47 | 0.48 | 0.53 | 0.59 | 0.64 | 0.6 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | -0.94 | -111.33 | N/A | 110.18 | -14.45 | -4.23 |
| Working Capital Days | ||||||||||
| Receivable Days | 111 | 93 | 89 | 70 | 87 | 135 | 118 | 116 | 169 | 194 |
| Inventory Days | 164 | 127 | 72 | 75 | 92 | 103 | 108 | 109 | 142 | 200 |
| Payable Days | 51 | 75 | 71 | 91 | 167 | 184 | 153 | 168 | 169 | 195 |
Aplab Limited, incorporated in 1962 is recognized as a technology-driven professional company in business sectors like telecommunication, information technology, retail banking, retail fuel dispensing and power control & conditioning.
The company has four independent product divisions; test and measurement equipments, power conversion and UPS systems, self-service terminals for banking and petroleum sector.
Aplab enjoys worldwide recognition for the quality of its products, business integrity and innovative engineering skills.
Aplab provides a wide range of electronic products meeting the international standards for safety and reliability such as UL, VDE, etc.
The company’s manufacturing plants are located at Thane, Mumbai, Navi-Mumbai and Pune with a shop floor over 200,000 sq. ft.
Further, the company also has a manufacturing plant located in the SEZ near the Mumbai Airport that has a standard lab with equipment from Agilent, Yokogawa, Fluke, Marconi, etc, 3D CAD facilities for product design, automated pick and place surface mount PCB facility with optional inspection tools and quality-testing laboratory with environmental test chambers and Endurance testing facility.
Products
The company operates subsidiaries namely Intel Instruments & Systems Limited and Sprylogic Technologies Limited. The securities are listed on the stock exchanges at Mumbai, Delhi, Chennai and Pune.
Aplab’s sales and service centres are located at Agra, Ahmedabad, Bangalore, Bhopal, Bhuvaneshwar, Chandigarh, Chennai, Coimbatore, Gauhati, Goa, Hubli, Indore, Jaipur, Kochi, Kolkatta, Kannur, Lucknow, Ludhiana, Mumbai, Mysore, Madurai, Mangalore, Nagpur, Nashik, New Delhi, Patna, Pune, Raipur, Ranchi, Secunderabad, Surat, Trivandrum and Trichy.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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