Amarjothi Spinning Mills Ltd - Stock Valuation and Financial Performance

BSE: 521097 | NSE: AMARJOTHI | Textile - Spinning | Small Cap

Amarjothi Spg. Mills Share Price

162.15 -8.85 -5.18%
as on 27-Feb'25 16:59

DeciZen - make an informed investing decision on Amarjothi Spg. Mills

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Amarjothi Spinning Mills stock performance -

P/E Ratio (SA):
8.44
Market Cap:
109.5 Cr.
52-wk low:
152.7
52-wk high:
264.8

Is Amarjothi Spinning Mills Ltd an attractive stock to invest in?

1. Is Amarjothi Spinning Mills Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Amarjothi Spinning Mills Ltd is a average quality company.

2. Is Amarjothi Spinning Mills Ltd undervalued or overvalued?

The key valuation ratios of Amarjothi Spinning Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Amarjothi Spinning Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Amarjothi Spinning Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Amarjothi Spg. Mills:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Amarjothi Spinning Mills Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 18.6%13.5%20.2%12.5%15.6%11.5%11.2%11.2%9.4%9%-
Value Creation
Index
0.30.00.4-0.10.1-0.2-0.2-0.2-0.3-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 201194217189212183167250209189225
Sales YoY Gr.--3.6%11.7%-12.6%12%-13.6%-8.7%49.6%-16.3%-9.6%-
Adj EPS 19.212.118.717.415.414.624.330.714.611.619.2
YoY Gr.--36.8%54.6%-7.1%-11.2%-5.5%66.5%26.5%-52.4%-21%-
BVPS (₹) 118.1128147.9162.7181.4194.6216.8245.7258.5267.6282.8
Adj Net
Profit
12.98.212.611.710.49.916.420.79.97.813
Cash Flow from Ops. 39.723.914.418.262.942.736.715.728.12.5-
Debt/CF from Ops. 2.43.24.86.61.21.31.85.62.125.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.7%-2.2%4.2%-9.6%
Adj EPS -5.5%-5.6%-21.9%-21%
BVPS9.5%8.1%7.3%3.5%
Share Price 8.9% 23.2% -1% -6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
17.59.813.611.297.811.813.35.84.47
Op. Profit
Mgn %
22.517.219.817.819.419.517.313.514.315.313.5
Net Profit
Mgn %
6.44.25.86.24.95.49.88.34.74.15.8
Debt to
Equity
1.20.90.71.10.60.40.50.50.30.40.3
Working Cap
Days
156146155221200218236173209247171
Cash Conv.
Cycle
108113126178145137159125152183130

Recent Performance Summary

Sales growth is good in last 4 quarters at 27.44%

Return on Equity has declined versus last 3 years average to 7.00%

Sales growth has been subdued in last 3 years 4.24%

Net Profit has been subdued in last 3 years -21.93%

Latest Financials - Amarjothi Spinning Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 19.2 19.6
TTM Sales (₹ Cr.) 225 255
BVPS (₹.) 282.8 286.8
Reserves (₹ Cr.) 184 187
P/BV 0.57 0.57
PE 8.44 8.26
From the Market
52 Week Low / High (₹) 152.70 / 264.80
All Time Low / High (₹) 2.25 / 264.80
Market Cap (₹ Cr.) 109
Equity (₹ Cr.) 6.8
Face Value (₹) 10
Industry PE 21.1

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 7.4 28402.7 -48.77.5 N/A35.9 442.1
Adj EPS (₹) -2.8 N/A0.5 N/A0.5 N/A0.9 N/A
Op. Profit Mgn % -32.43 66114 bps15.30 1589 bps6.17 617 bps2.19 3261 bps
Net Profit Mgn % -33.22 52140 bps15.30 1574 bps6.17 617 bps2.19 3261 bps

Management X-Ray of Amarjothi Spg. Mills:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:60.08%Institutions:0%Non-Institutions:39.92%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%10%20%30%40%50%60%70%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Amarjothi Spg. Mills

MRP
spaceLock icon
MOS
spaceLock icon%
DP
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Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of Amarjothi Spg. Mills

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Trident 26.6 -0.5 (-2%) Small Cap 6,730 0.6 5.2 45.4 3.1
Filatex India 39.3 -2.2 (-5.2%) Small Cap 4,286 2.9 2.5 13.6 1.4
Nahar Spinning Mills 201.3 -8.8 (-4.2%) Small Cap 3,050 -2.9 -1.2 - 0.5
Sanathan Textiles 310.7 -1.1 (-0.3%) Small Cap 2,957 16.7 4.5 18.6 1.3
Nitin Spinners 313.2 -6.6 (-2.1%) Small Cap 2,906 29.9 4.5 10.5 1.4
Sutlej Textiles&Inds 39.6 -1.7 (-4.1%) Small Cap 2,703 -5 -4.9 - 0.7
Nahar Ind.Enterprise 101.2 -2.9 (-2.7%) Small Cap 1,472 4.9 0.5 20.8 0.5
GHCL Textiles 76.7 0.1 (0.1%) Small Cap 1,054 5.4 2.1 14.1 0.5
Sumeet Inds 4.8 0 (0%) Small Cap 985 -98.3 -6 - -0.5
Precot - 0 (0%) Small Cap 978 34.4 1 12.6 1.2
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales201194217189212183167250209189
Operating Expenses 156161174156171147139216180160
Manufacturing Costs39414548383122503428
Material Costs101105113881129597141119104
Employee Cost 1091014141313161719
Other Costs 65767771099
Operating Profit 45334334413629343029
Operating Profit Margin (%) 22.5%17.2%19.8%17.8%19.4%19.5%17.2%13.5%14.3%15.3%
Other Income 2244828211
Interest 161312121376677
Depreciation 14131413151614988
Exceptional Items 0000000000
Profit Before Tax 1892113201516201614
Tax 4171650-166
Profit After Tax 139141214101621108
PAT Margin (%) 6.6%4.4%6.4%6.3%6.8%5.6%9.8%8.4%4.8%4.2%
Adjusted EPS (₹)19.612.820.417.721.415.324.231.215.011.9
Dividend Payout Ratio (%)10%16%10%11%9%13%9%7%15%19%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 8086100110122131146166175181
Share Capital 7777777777
Reserves 738093103116125140159168174
Minority Interest0000000000
Debt867769115704762835664
Long Term Debt676063108644034483242
Short Term Debt1917676727352422
Trade Payables83849136101016
Others Liabilities 35232622262724201722
Total Liabilities 208189203251228219237279258282

Fixed Assets

Gross Block258258233285265269299298332334
Accumulated Depreciation140152150162156165179188196204
Net Fixed Assets11910684123108104120111136131
CWIP 55555553755
Investments 3342122231
Inventories51457171544950666068
Trade Receivables19202829303037363556
Cash Equivalents 1111101121
Others Assets1191119282823271720
Total Assets 208189203251228219237279258282

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4024141863433716283
PBT 1892113201516201614
Adjustment 29262423222212131315
Changes in Working Capital 1-8-26-1220711-152-24
Tax Paid -8-3-5-60-1-3-3-4-3
Cash Flow From Investing Activity -407-51-3-12-43-3010-3
Capex -407-52-5-12-29-1-2-2
Net Investments -20-200-1-8-101
Others 101131-6-2812-2
Cash Flow From Financing Activity -35-24-2233-59-31714-37-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -15-13-12-12-13-7-6-5-6-7
Dividend Paid -1-1-2-2-2-2-1-1-1-1
Others -19-9-846-45-221421-308
Net Cash Flow 00-100-1101-1
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)17.8910.3614.811.3812.418.1411.7513.515.954.52
ROCE (%)18.6413.4520.2212.4715.5611.5311.1811.189.48.95
Asset Turnover Ratio0.930.981.10.830.890.820.730.970.780.7
PAT to CFO Conversion(x)3.082.6711.54.54.32.310.762.80.38
Working Capital Days
Receivable Days36374055516074536188
Inventory Days94909813710810310885110124
Payable Days38201926224135213245

Amarjothi Spinning Mills Ltd Stock News

Amarjothi Spinning Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Amarjothi Spg. Mills on 27-Feb-2025 16:59 is ₹162.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Feb-2025 16:59 the market cap of Amarjothi Spg. Mills stood at ₹109.5.
The latest P/E ratio of Amarjothi Spg. Mills as of 27-Feb-2025 16:59 is 8.44.
The latest P/B ratio of Amarjothi Spg. Mills as of 27-Feb-2025 16:59 is 0.57.
The 52-week high of Amarjothi Spg. Mills is ₹264.8 and the 52-week low is ₹152.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amarjothi Spg. Mills is ₹225.3 ( Cr.) .

About Amarjothi Spinning Mills Ltd

Amarjothi Spinning Mills was incorporated in December 1987 and was converted into a public limited company in December 1991. It was promoted by the Amarjothi group of Tirupur. N Rajan is the Chairman of the company. The company went public with its maiden issue in January 1993 to part-finance a spinning mill to manufacture cotton yarn in Pudusuripalayam, Tamilnadu. For cotton spinning, the company has adopted the ring spinning system. The company has installed the latest textile machineries including blow room, carding machines, draw frames, simplex frames and ring frames from Lakshmi Machine Works and autoconers with electronic clearers and automatic splicers from Schlafhrost (India).

The company completed its first full year of operations in 1994-95, after raising capital through a public issue. In 1996-97 the installed capacity has been increased by 6016 spindles to 18992 spindles. Modernisation programme has been availed by the company to the tune of Rs 340.00 lakh under the Technology Upgradation Fund Scheme.During 2000-2001 the company had gone for expansion of Spindles to the extent of 4752 spindles.

Business area of the company

The company is engaged in the manufacturing and marketing of melange Yarn in India and internationally. It offers a range of yarn products that include cotton, organic cotton, organic exchange, viscose, polyester, bamboo, modal, excel, galaxy, neps, flax, multi-fiber series, and dyed yarn in various blends, shades, counts, and volumes. The company exports its products to Europe, Mauritius, Sri Lanka, Israel, Egypt, Turkey, Hong Kong, Malaysia, the Philippines, Korea, China, Japan, South African countries, and the United States.

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