Indian Acrylics Ltd - Stock Valuation and Financial Performance

BSE: 514165 | NSE: INDIANACRY | Textile - Spinning | Small Cap

Indian Acrylics Share Price

7.56 -0.31 -3.94%
as on 27-Feb'25 16:59

DeciZen - make an informed investing decision on Indian Acrylics

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Indian Acrylics stock performance -

P/E Ratio (SA):
0.00
Market Cap:
102.3 Cr.
52-wk low:
7.4
52-wk high:
16.2

Is Indian Acrylics Ltd an attractive stock to invest in?

1. Is Indian Acrylics Ltd a good quality company?

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

2. Is Indian Acrylics Ltd undervalued or overvalued?

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

3. Is Indian Acrylics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indian Acrylics 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 Indian Acrylics:

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.
Indian Acrylics 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 % 1.1%41.1%21.6%10.2%12.3%14.5%11.7%-13.2%20.3%-8.7%-
Value Creation
Index
-0.91.90.5-0.3-0.10.0-0.2-1.90.5-1.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 551544481531737748534624910555413
Sales YoY Gr.--1.3%-11.6%10.4%38.9%1.5%-28.7%16.9%45.8%-39%-
Adj EPS -1.21.51.70.7-0.30.80.5-5.61.4-4-2.8
YoY Gr.-NA13.8%-62.4%-147.7%NA-41.8%-1321.7%NA-381%-
BVPS (₹) 4.15.67.28.99.810.5115.46.831.2
Adj Net
Profit
-16.820.623.58.8-4.210.76.3-76.119.2-54.1-37
Cash Flow from Ops. 8.145.714.73.776.110111.187.453.58.6-
Debt/CF from Ops. 1.90.91054.92.7218.72.43.321.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.1%-5.5%1.3%-39%
Adj EPS NANA-305.5%-381%
BVPS-3.3%-21%-35.1%-55.8%
Share Price 2.1% -3.5% -17.1% -48.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-2631.6278.1-3.37.84.3-68.723.3-81.4-133.2
Op. Profit
Mgn %
1.28.910.88.44.99.612.4-2.87.9-1.1-1.9
Net Profit
Mgn %
-33.84.91.7-0.61.41.2-12.22.1-9.8-9.1
Debt to
Equity
0.30.51.51.71.61.41.42.91.94.5-
Working Cap
Days
919312515313314520216811314571
Cash Conv.
Cycle
-18-25-7321816298-12-4-23

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 1.29%

Debt to equity has increased versus last 3 years average to 4.51

Sales growth is not so good in last 4 quarters at -35.15%

Latest Financials - Indian Acrylics Ltd.

Standalone Consolidated
TTM EPS (₹) -2.8 -2.8
TTM Sales (₹ Cr.) 413 413
BVPS (₹.) 1.2 1.2
Reserves (₹ Cr.) -120 -120
P/BV 6.60 6.60
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 7.36 / 16.20
All Time Low / High (₹) 0.90 / 45.00
Market Cap (₹ Cr.) 102
Equity (₹ Cr.) 135.3
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.) 106 -53.2114 -17.395.9 -44.196.4 -26
Adj EPS (₹) -0.9 -165.5-0.7 N/A-0.9 N/A-0.4 N/A
Op. Profit Mgn % -3.62 -1234 bps-1.21 -54 bps-4.13 344 bps1.39 -99 bps
Net Profit Mgn % -11.61 -1987 bps-7.68 -92 bps-11.99 243 bps-5.10 77 bps

Management X-Ray of Indian Acrylics:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:62.56%Institutions:0.07%Non-Institutions:37.37%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec2410%20%30%40%50%60%70%
Pledged *24.8924.8924.8924.8924.8924.8924.8924.8924.8926.36
* Pledged shares as % of Promoter's holding (%)

Valuation of Indian Acrylics

MRP
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MOS
spaceLock icon%
DP
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Base EPS
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DPS
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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 Indian Acrylics

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
Sales551544481531737748534624909555
Operating Expenses 544496429486701677467641838561
Manufacturing Costs72777780951049086133105
Material Costs434372291339524481301474595371
Employee Cost 20243642515953576959
Other Costs 18232526313224254025
Operating Profit 7485245367166-1772-6
Operating Profit Margin (%) 1.2%8.9%10.8%8.4%4.9%9.6%12.4%-2.8%7.9%-1.1%
Other Income 0000000000
Interest 16181620283835343733
Depreciation 8101316182225251615
Exceptional Items 30002300000
Profit Before Tax -152123912116-7619-54
Tax 0000110000
Profit After Tax -152123912116-7619-54
PAT Margin (%) -2.7%3.8%4.9%1.7%1.6%1.4%1.2%-12.2%2.1%-9.7%
Adjusted EPS (₹)-1.11.51.70.70.90.80.5-5.61.4-4.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 557698120132142149739241
Share Capital 135135135135135135135135135135
Reserves -80-60-37-15-3713-62-43-95
Minority Interest0000000000
Debt1537134192188188180180156158
Long Term Debt018119163173158171166135127
Short Term Debt1519152915299152130
Trade Payables130141139142203219173261239129
Others Liabilities 58745142547074857071
Total Liabilities 258327422496577618575600558398

Fixed Assets

Gross Block443448558608616708715719722702
Accumulated Depreciation342352364380398420442465481475
Net Fixed Assets10296193228218288273254242226
CWIP 25611158113211
Investments 0000110000
Inventories99101125175201231228213208113
Trade Receivables19294937382617242718
Cash Equivalents 1222261011151158369
Others Assets24232836514743484431
Total Assets 258327422496577618575600558398

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 846154761011187539
PBT -1821229-10116-7619-54
Adjustment 24282836466060595348
Changes in Working Capital -1-3-36-414130-55105-1815
Tax Paid 0000000000
Cash Flow From Investing Activity -9-58-57-59-58-43-5-4-10
Capex -9-58-57-59-57-43-5-4-10
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity -8234640-18-54-11-37-74-36
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -16-18-16-20-28-38-35-34-37-33
Dividend Paid 0000000000
Others 840616011-1624-3-38-4
Net Cash Flow -9104-1614-547-22-27
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-23.1731.5826.918.19.27.824.31-68.6723.27-81.35
ROCE (%)1.1441.0921.5610.1512.3414.4611.68-13.2120.31-8.71
Asset Turnover Ratio2.21.981.381.171.371.250.891.061.571.16
PAT to CFO Conversion(x)N/A2.190.650.446.339.181.83N/A2.79N/A
Working Capital Days
Receivable Days13152729191615121015
Inventory Days6563801029310515712985106
Payable Days121133175151120160238167153181

Indian Acrylics Ltd Stock News

Indian Acrylics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indian Acrylics on 27-Feb-2025 16:59 is ₹7.56.
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 Indian Acrylics stood at ₹102.3.
The latest P/E ratio of Indian Acrylics as of 27-Feb-2025 16:59 is 0.00.
The latest P/B ratio of Indian Acrylics as of 27-Feb-2025 16:59 is 6.60.
The 52-week high of Indian Acrylics is ₹16.20 and the 52-week low is ₹7.36.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Acrylics is ₹412.8 ( Cr.) .

About Indian Acrylics Ltd

Indian Acrylics Ltd was incorporated as a Public Limited Company on February 28,1986 and obtained certificate of commencement of business on March 10,1986 from Registrar of Companies Punjab H.P.and Chandigarh at Jalandhar.

It was originally formed as Joint Sector project by.R K Garg alongwith Punjab State Industrial Development Corporation Limited (PSIDC) the project is now being implemented in assisted sector.

India acrylics a mega petrochemical project is largest producer of acrylic fiber with a capacity to produce 42000 TPA.. IAL manufactures a range of acrylic staple fibre from 0.9 denier to 13 denier in regular and high shrink, and tow between 0.9D to 6D with K – Tex of 60,78 and 100.

The company alone has the acrylic fiber plant in the country with an international level capacity and enjoys the growth rate of 10% per annum

Their country effort on developing new uses of acrylic fiber, such as mink  blankets, stock upholstery, sarees, dress material-shirt, softy toy, plush & fur fabric blending with velvet and silk has made as a top company to reckon with.

Product range of the company includes:

  • Staple fabric
  • Normal Bright Staple fibre
  • Semi Dull lusture Staple Fibre
  • Normal Bright Staple Fibre (Non Shrinkable)
  • Normal Bright Staple (Shrinkable)
  • Acrylic tow
  • Acrylic top

Achievements/ recognition:

  • Highest export award performance (2006-07)
  • Arch of Europe award 2002
  • Export award certificate 2006-2007
  • Export award certificate 2004-2005
  • Export award certificate 2003-2004
  • Export award certificate 2001-2002
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