BSE: 526445 | NSE: | Floriculture | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indrayani Biotech Ltd is a below average quality company.
The key valuation ratios of Indrayani Biotech Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indrayani Biotech 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -2.9% | -3.7% | -5.9% | 0% | 0% | 0% | -50.7% | 16% | 12.5% | 8% | - |
| Value Creation Index ⓘ | -1.2 | -1.3 | NA | NA | NA | NA | -4.6 | 0.2 | -0.1 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 0 | 0.5 | 21 | 58 | 74.5 | 62.3 | 50 |
| Sales YoY Gr. | - | NA | NA | NA | NA | NA | 4,102% | 176% | 28.4% | -16.3% | - |
| Adj EPS ⓘ | -0.3 | -0.4 | -0.3 | -0.3 | -0.2 | -0.6 | -2.3 | 1.2 | 1.6 | 0.3 | 0.1 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | 28.5% | -79.8% | - |
| BVPS (₹) ⓘ | 8.9 | 8.6 | -1.3 | -1.7 | -1.8 | -2.4 | 5.8 | 7.1 | 11.8 | 11.1 | 11.9 |
| Adj Net Profit ⓘ | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 | -0.2 | -8 | 4.2 | 5.4 | 1.5 | 1 |
| Cash Flow from Ops. ⓘ | -0.1 | -0.1 | -0.1 | -0.1 | -0.2 | 0.1 | 0.5 | 3.5 | 8.3 | 26.1 | - |
| Debt/CF from Ops. ⓘ | -2.9 | -3 | -4.6 | -5.1 | -3.1 | 8.7 | 29.8 | 4.8 | 4.2 | 2.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 43.7% | -16.3% | ||||
| Adj EPS ⓘ | NA | NA | NA | -79.8% | ||||
| BVPSⓘ | 2.4% | NA | 23.8% | -6.1% | ||||
| Share Price | 22.4% | 45.2% | 10.6% | -45.6% | ||||
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 % ⓘ | -3.1 | -4.1 | -7.8 | 23 | 8.6 | 27.1 | -83.9 | 19.2 | 14.4 | 2.8 | 1.1 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | -30.8 | -22.2 | 10.8 | 11.7 | 9.3 | 9.6 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | -41 | -38.1 | 7.3 | 7.3 | 2.3 | 1.1 |
| Debt to Equity ⓘ | 0.1 | 0.1 | -1 | -1 | -1 | -0.8 | 0.8 | 0.7 | 0.7 | 1.2 | 0.3 |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 49 | 90 | 93 | 182 | 386 | 297 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | -101 | 22 | 28 | 56 | 96 | 73 |
Sales growth is growing at healthy rate in last 3 years 43.68%
Return on Equity has declined versus last 3 years average to 1.00%
Net Profit has been subdued in last 3 years 0.00%
Debt to equity has increased versus last 3 years average to 1.16
Sales growth is not so good in last 4 quarters at -34.77%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.1 | 1.3 |
| TTM Sales (₹ Cr.) | 49.8 | 146 |
| BVPS (₹.) ⓘ | 11.9 | 16.4 |
| Reserves (₹ Cr.) ⓘ | 9 | 29 |
| P/BV ⓘ | 3.05 | 2.21 |
| PE ⓘ | 293.23 | 27.93 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 35.00 / 99.70 |
| All Time Low / High (₹) | 0.50 / 115.70 |
| Market Cap (₹ Cr.) | 165 |
| Equity (₹ Cr.) | 45.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 182.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.98 | 15.02 | 15.06 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 1 | 21 | 58 | 74 | 62 |
| Operating Expenses ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 26 | 52 | 66 | 57 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 16 | 40 | 41 | 35 |
| Employee Cost | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 8 | 17 | 15 |
| Other Costs ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 3 | 7 | 5 |
| Operating Profit ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -5 | 6 | 9 | 6 |
| Operating Profit Margin (%) | - | - | - | - | - | -30.8% | -22.2% | 10.8% | 11.7% | 9.3% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 3 | 5 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -4 | 0 | -1 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -11 | 4 | 5 | 3 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | -11 | 4 | 5 | 1 |
| PAT Margin (%) | - | - | - | - | - | -41.0% | -51.8% | 7.3% | 6.8% | 2.3% |
| Adjusted EPS (₹) | -0.3 | -0.4 | -0.3 | -0.3 | -0.2 | -0.6 | -3.2 | 1.2 | 1.5 | 0.3 |
| 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 | 3 | 3 | 0 | -1 | -1 | -1 | 20 | 24 | 50 | 50 |
| Share Capital ⓘ | 4 | 4 | 4 | 4 | 4 | 4 | 34 | 34 | 43 | 46 |
| Reserves ⓘ | 0 | -1 | -4 | -4 | -4 | -5 | -14 | -10 | 6 | 5 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 1 | 1 | 1 | 15 | 17 | 34 | 57 |
| Long Term Debt | 0 | 0 | 0 | 1 | 1 | 1 | 8 | 7 | 10 | 15 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 10 | 24 | 43 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 6 | 2 | 3 |
| Others Liabilities ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 15 | 16 |
| Total Liabilities ⓘ | 4 | 4 | 0 | 0 | 0 | 0 | 40 | 49 | 100 | 126 |
Fixed Assets | ||||||||||
| Gross Block | 3 | 3 | 0 | 0 | 0 | 0 | 17 | 17 | 26 | 26 |
| Accumulated Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 4 |
| Net Fixed Assetsⓘ | 3 | 3 | 0 | 0 | 0 | 0 | 15 | 15 | 24 | 22 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 13 | 13 | 18 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 10 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Trade Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 13 | 16 | 18 |
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Others Assetsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 5 | 37 | 57 |
| Total Assets ⓘ | 4 | 4 | 0 | 0 | 0 | 0 | 40 | 49 | 100 | 126 |
| 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 ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 8 | 26 |
| PBT ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -11 | 4 | 5 | 3 |
| Adjustment ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 2 | 4 | 6 |
| Changes in Working Capital ⓘ | 0 | -0 | 0 | 0 | 0 | 0 | 7 | -3 | -1 | 17 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | -14 | -7 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 | -6 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8 | -2 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -4 | 1 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -3 | 5 | -19 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22 | 5 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -2 | -2 | -2 | -5 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 | -15 | -19 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | -1 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -3.06 | -4.05 | N/A | N/A | N/A | N/A | -114.06 | 19.15 | 15.67 | 3.21 |
| ROCE (%) | -2.88 | -3.67 | N/A | N/A | N/A | N/A | -50.65 | 16.03 | 12.45 | 7.99 |
| Asset Turnover Ratio | 0 | 0 | 0 | 0 | 0 | 4.44 | 1.05 | 1.3 | 0.99 | 0.55 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.75 | 1.6 | 26 | Working Capital Days |
| Receivable Days | 0 | 0 | 0 | 0 | 0 | 56 | 42 | 56 | 71 | 99 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 19 | 8 | 8 | 11 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 142 | 44 | 45 | 35 | 22 |
The company was incorporated on March 9, 1992 and it was converted into a public limited company on March 13, 1992. It is into floriculture and is engaged in the cultivation of cut flowers, plantlets and seeds.
Indrayani Biotech produces cut flowers, strawberries, tissue culture plantlets and hybrid vegetable seeds. The company has also started marketing and distribution and extensive field demonstrations of hybrid vegetable seeds manufactured by HOECHST India. Technical agreements have been signed with Floral Max, Malaysia for rose cultivation and with B. L. McKenzie and Associates, New Zealand for tissue culture. The planting material for strawberries has been acquired from the US. Indrayani Biotech has signed a test agreement with the technology transfer offer of the University of California to obtain certified planting material from nurseries in California.
Indrayani Biotech started exporting flowers to Holland and Dubai in 1994-1995. Restricted water supply and changes in ecology resulted in a shortfall in achieving its goals. In 1995-1996, the company incurred losses due to insufficient water supply, labor problems and sub-standard infrastructure. To overcome the above problems, the company is considering shifting its green houses to alternate locations.
The company has installed five Greenhouses and plantation in these greenhouses is complete. A pilot tissue culture laboratory is also completed and the protocol to be used in manufacture of tissue culture plantlets is being perfected.
The company’s registered office and factory are located at Pune, India.
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