Is AB Cotspin India a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that AB Cotspin India Ltd is a below average quality company .

Is AB Cotspin India undervalued or overvalued?

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

What is AB Cotspin India share price return in the past 10 years?

Data is not available for this company

Is AB Cotspin India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of AB Cotspin India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

AB Cotspin India Ltd - Stock Valuation and Financial Performance

Name: AB Cotspin India
Brand: AB Cotspin India

BSE: 0 | NSE: ABCOTS | Textile | Small Cap

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BSE Share Price
Not Listed

10 Year X-Ray of AB Cotspin India:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Dec'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	7.7%	8.4%	6.2%	0%	14.5%	17.7%	5.8%	10.8%	-
Value Creation Index ⓘ	-0.5	-0.4	-0.6	NA	0.0	0.3	-0.6	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	121	121	94.1	109	115	141	169	256	256
Sales YoY Gr.	-	-0.3%	-22.2%	15.4%	6.2%	22%	20.2%	51.3%	-
Adj EPS ⓘ	1.5	1.5	1.1	18.5	5.2	6.6	1.7	6.4	6.5
YoY Gr.	-	-1.3%	-30%	1664.8%	-72.2%	27.6%	-74.3%	280.5%	-
BVPS (₹) ⓘ	0	0	24	109.1	29.2	37.5	41.2	45.9	45.9
Adj Net Profit ⓘ	1.1	1.1	0.8	4.6	3.8	6.8	1.7	6.6	7
Cash Flow from Ops. ⓘ	-8.3	10.1	6.9	-0.4	0	13.6	-23.7	-32.2	-
Debt/CF from Ops. ⓘ	-5.1	3.4	4.2	-117.8	-3084.2	2.3	-4.1	-3.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	22.1%	30.4%	51.3%
Adj EPS ⓘ	NA	43.7%	7.7%	280.5%
BVPSⓘ	NA	13.9%	16.2%	11.4%
Share Price	-	-	-	270.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Dec'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	7	6.7	4.4	17.9	19.2	22.3	4.3	11.9	14.2
Op. Profit Mgn % ⓘ	6.6	6.3	6.1	8.2	8.8	10.2	6.2	10.3	NAN
Net Profit Mgn % ⓘ	0.9	0.9	0.8	4.2	3.3	4.8	1	2.6	2.6
Debt to Equity ⓘ	2.6	2	1.6	1.6	1.7	0.8	2.3	2.6	-
Working Cap Days ⓘ	0	102	118	156	109	93	108	137	0
Cash Conv. Cycle ⓘ	0	88	102	131	94	76	86	113	0

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.20%

Sales growth is growing at healthy rate in last 3 years 30.40%

Net Profit has been subdued in last 3 years 7.68%

Debt to equity has increased versus last 3 years average to 2.57

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - AB Cotspin India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.5	-
TTM Sales (₹ Cr.)	256	-
BVPS (₹.) ⓘ	45.9	-
Reserves (₹ Cr.) ⓘ	37	-
P/BV ⓘ	10.47	-
PE ⓘ	73.81	-

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	494
Equity (₹ Cr.)	10.3
Face Value (₹)	10
Industry PE ⓘ	28.4

Management X-Ray of AB Cotspin India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of AB Cotspin India

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of AB Cotspin India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	121	121	94	115	141	169	256
Operating Expenses ⓘ	113	113	88	105	126	159	229
Manufacturing Costs	11	10	10	11	12	12	21
Material Costs	97	95	71	87	105	137	195
Employee Cost	4	5	5	6	7	7	10
Other Costs ⓘ	2	3	2	2	3	2	3
Operating Profit ⓘ	8	8	6	10	14	10	26
Operating Profit Margin (%)	6.6%	6.3%	6.0%	8.8%	10.2%	6.2%	10.3%
Other Income ⓘ	0	0	0	0	0	1	1
Interest ⓘ	3	3	2	2	2	3	9
Depreciation ⓘ	4	3	3	3	3	5	10
Exceptional Items ⓘ	0	0	0	0	0	0	0
Profit Before Tax ⓘ	1	2	1	5	9	3	8
Tax ⓘ	0	1	0	2	2	1	2
Profit After Tax	1	1	1	4	7	2	7
PAT Margin (%)	0.9%	1.0%	0.9%	3.4%	4.9%	1.1%	2.6%
Adjusted EPS (₹)	1.5	1.6	1.2	5.2	6.6	1.9	6.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	16	17	18	22	39	43	47
Share Capital ⓘ	3	3	3	3	10	10	10
Reserves ⓘ	13	15	15	19	28	32	37
Minority Interest	0	0	0	0	0	0	0
Debt	38	30	27	32	28	91	116
Long Term Debt	14	11	7	13	23	53	45
Short Term Debt	24	19	20	19	5	38	71
Trade Payables	4	1	3	1	2	1	1
Others Liabilities ⓘ	7	7	5	9	14	14	34
Total Liabilities ⓘ	66	55	53	64	83	149	198
Fixed Assets
Gross Block	57	57	25	30	31	91	96
Accumulated Depreciation	30	33	3	6	9	14	24
Net Fixed Assetsⓘ	27	24	22	25	23	77	72
CWIP ⓘ	0	0	0	0	19	0	0
Investmentsⓘ	0	0	0	0	0	4	1
Inventories	28	19	19	28	18	44	65
Trade Receivables	7	9	9	7	8	13	38
Cash Equivalents	2	1	0	0	8	1	0
Others Assetsⓘ	2	2	3	3	6	10	22
Total Assets ⓘ	66	55	53	64	83	149	198

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-8	10	7	0	14	-24	-32
PBT ⓘ	1	2	1	5	9	3	8
Adjustment ⓘ	7	6	5	5	6	9	19
Changes in Working Capital ⓘ	-16	3	1	-10	2	-34	-59
Tax Paid ⓘ	0	0	0	-1	-3	-1	-1
Cash Flow From Investing Activity ⓘ	0	0	-1	-5	-15	-41	-3
Capex	0	0	-1	-5	-1	-39	-5
Net Investments	0	0	0	0	-2	-2	1
Others ⓘ	0	0	0	0	-12	0	0
Cash Flow From Financing Activityⓘ	10	-11	-7	5	2	64	35
Net Proceeds from Shares ⓘ	0	0	0	0	10	0	21
Net Proceeds from Borrowing ⓘ	-4	-3	-6	8	9	30	-8
Interest Paid ⓘ	-3	-3	-2	-2	-2	-3	-9
Dividend Paid ⓘ	0	0	0	0	0	0	0
Others ⓘ	18	-5	1	-1	-15	37	32
Net Cash Flow ⓘ	2	-1	-1	0	1	-1	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	7.18	7.15	4.9	19.68	22.67	4.77	14.95
ROCE (%)	7.73	8.4	6.15	14.48	17.67	5.78	10.76
Asset Turnover Ratio	1.84	2	1.75	1.98	1.92	1.46	1.47
PAT to CFO Conversion(x)	-8	10	7	0	2	-12	-4.57
Working Capital Days
Receivable Days	22	25	36	26	20	23	37
Inventory Days	84	71	74	75	61	67	77
Payable Days	17	10	10	8	5	5	2

AB Cotspin India Ltd Stock News

AB Cotspin India Ltd FAQs

What is the share price of AB Cotspin India?

Company share prices are keep on changing according to the market conditions. The closing price of AB Cotspin India on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of AB Cotspin India?

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 01-Jan-1970 05:30 the market cap of AB Cotspin India stood at ₹494.4.

What is the P/E ratio of AB Cotspin India?

The latest P/E ratio of AB Cotspin India as of 01-Jan-1970 05:30 is 73.81.

What is the P/B ratio of AB Cotspin India?

The latest P/B ratio of AB Cotspin India as of 01-Jan-1970 05:30 is 10.47.

What is the 52-week high and low of AB Cotspin India?

The 52-week high of AB Cotspin India is ₹0.00 and the 52-week low is ₹0.00.

What is the TTM revenue of AB Cotspin India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of AB Cotspin India is ₹255.8 ( Cr.) .

About AB Cotspin India Ltd

AB Cotspin India was originally incorporated as “Ganga Cottex Private Limited” at Jalandhar, as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated June 23, 1997 issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Subsequently, the company was converted from Private Limited Company to a Public Limited Company pursuant to a special resolution passed by the members of the company in the Extra-ordinary General meeting held on March 20, 2010 and the name of the company was changed to “Ganga Cottex Limited”. Further, the name of the company was changed to “AB Cotspin India Limited” and a fresh Certificate of Incorporation dated December 24, 2010

The company commenced its business in 1997 with a cotton ginning plant with cotton bales and cotton seeds being its initial products. Thereafter in the year 2000, the company installed a crushing unit to extract oil from cotton and mustard seeds and expanded its product basket with the addition of cotton seed oil, mustard oil and oil cake. In the year 2011, it ventured in manufacturing cotton yarn by setting up a spinning plant. In the year 2014, the company installed a knitting machine and thus forayed into manufacturing of knitted fabric.

The company has one manufacturing facility which is located at, Jaitu (Dist Faridkot), Punjab. Over the years, it has made investments in its manufacturing infrastructure to support its product portfolio requirements and reach. The company is supplying its products domestically.

Business area of the company

The company is primarily engaged in manufacturing of cotton yarn, knitted fabric, cottonseed oil and oilcakes.

Milestones

1997: AB Cotspin India Limited started its journey in the name of ‘Ganga Cottex Private Limited’ with Cotton ginning plant.
2010: The Company was converted from a Private Company to Public Limited Company for further expansion of operations of the Company.
2010: The Name of the Company was changed from ‘Ganga Cottex Limited’ to ‘A B Cotspin India Limited.’
2015: The Company obtained Membership certification of Better Cotton Initiative (BCI).
2016: Accredited as One Star Export House by DGFT.
2018: First Prize for the Largest Reduction in Accident Frequency in Cotton Textile Industry (1 Lakh -5 Lakh man hours) by the Directorate of Factories Punjab & Punjab Industrial Safety Council.
2021: The Company holds SCOPE certificate that certifies that products such as Greige yarns, Fibres, Greige fabrics comply with Global Organic Textile Standard (GOTS).