Is Aksh Optifibre a good quality company?

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

Is Aksh Optifibre undervalued or overvalued?

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

What is Aksh Optifibre share price return in the past 10 years?

Aksh Optifibre Ltd share price has declined -2.8% annually (CAGR) over the past ten years.

Is Aksh Optifibre a good buy now?

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

Aksh Optifibre Ltd - Stock Valuation and Financial Performance

Name: Aksh Optifibre
Brand: Aksh Optifibre

BSE: 532351 | NSE: AKSHOPTFBR | Cable | Small Cap

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Aksh Optifibre Share Price

₹12.04 -0.48 -3.83%
as on 26-Dec'24 16:59

10 Year X-Ray of Aksh Optifibre:

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 ^P

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'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	8.7%	9.7%	6.3%	8%	10.4%	-39.8%	5.9%	10.8%	9.1%	-83.5%	-
Value Creation Index ⓘ	-0.4	-0.3	-0.6	-0.4	-0.3	-3.8	-0.6	-0.2	-0.4	-7.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	348	435	458	583	529	250	246	301	274	215	166
Sales YoY Gr.	-	24.8%	5.3%	27.4%	-9.4%	-52.7%	-1.4%	22.2%	-9.2%	-21.4%	-
Adj EPS ⓘ	2.1	2.4	0.8	1.4	1.6	-8.9	0.2	1	0.9	-3.4	-12.9
YoY Gr.	-	14.5%	-64.6%	69.1%	10.6%	-668.2%	NA	431.6%	-10.9%	-472.2%	-
BVPS (₹) ⓘ	26	27.4	28.8	30.2	31.6	16.3	16.4	17.5	18.4	5.6	5.6
Adj Net Profit ⓘ	31.3	38.6	13.6	23.2	25.6	-145	3	16.4	14.6	-54.5	-210
Cash Flow from Ops. ⓘ	7.1	29.4	55.5	3.1	104	82.5	44	56.5	52.6	22.9	-
Debt/CF from Ops. ⓘ	16.7	3	2.4	74	1.9	1.9	3.4	1.9	1.5	2.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-5.2%	-16.5%	-4.5%	-21.4%
Adj EPS ⓘ	-205.5%	-216.4%	-360.3%	-472.2%
BVPSⓘ	-15.7%	-29.3%	-30.2%	-69.8%
Share Price	-2.8%	13.1%	3.7%	9.7%

Key Financial Parameters ⓘ

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 % ⓘ	8.4	9.2	3	4.8	5.1	-37.3	1.1	6	5	-26.6	-231.3
Op. Profit Mgn % ⓘ	15	16.7	10.7	11.9	16.7	8.7	14.1	17.4	16.5	4.4	0.9
Net Profit Mgn % ⓘ	9	8.9	3	4	4.8	-58	1.2	5.5	5.3	-25.3	-126.6
Debt to Equity ⓘ	0.3	0.2	0.3	0.5	0.4	0.6	0.6	0.4	0.3	0.7	0
Working Cap Days ⓘ	236	210	229	216	265	449	315	233	230	188	106
Cash Conv. Cycle ⓘ	61	62	66	72	98	162	103	63	49	13	-87

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -4.45%

Sales growth is not so good in last 4 quarters at -35.44%

Latest Financials - Aksh Optifibre Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-12.9	-4.9
TTM Sales (₹ Cr.)	166	170
BVPS (₹.) ⓘ	5.6	0.4
Reserves (₹ Cr.) ⓘ	10	-74
P/BV ⓘ	2.15	27.13
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	7.84 / 15.85
All Time Low / High (₹)	2.68 / 173.20
Market Cap (₹ Cr.)	196
Equity (₹ Cr.)	81.4
Face Value (₹)	5
Industry PE ⓘ	57.5

Management X-Ray of Aksh Optifibre:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

38.95

0.00

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

Valuation of Aksh Optifibre

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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 Aksh Optifibre

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'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	348	435	458	583	529	250	246	301	274	215
Operating Expenses ⓘ	296	362	409	514	440	228	212	249	228	206
Manufacturing Costs	40	54	53	65	58	38	48	55	21	17
Material Costs	216	260	305	381	314	140	127	155	170	146
Employee Cost	17	22	26	35	36	30	24	22	21	21
Other Costs ⓘ	23	26	25	34	32	21	13	17	16	22
Operating Profit ⓘ	52	73	49	69	88	22	35	52	45	9
Operating Profit Margin (%)	15.0%	16.7%	10.7%	11.9%	16.7%	8.7%	14.1%	17.4%	16.5%	4.4%
Other Income ⓘ	6	4	6	5	7	5	6	6	4	3
Interest ⓘ	10	14	13	18	28	26	22	20	13	10
Depreciation ⓘ	16	19	20	21	24	17	16	15	15	13
Exceptional Items ⓘ	1	-7	0	-1	4	-236	-1	0	1	-222
Profit Before Tax ⓘ	33	37	22	35	47	-253	3	24	23	-233
Tax ⓘ	1	4	9	12	18	-5	1	7	7	-23
Profit After Tax	32	34	14	23	28	-248	2	17	15	-210
PAT Margin (%)	9.2%	7.7%	3.0%	3.9%	5.3%	-99.1%	0.9%	5.7%	5.6%	-97.4%
Adjusted EPS (₹)	2.1	2.1	0.8	1.4	1.7	-15.2	0.1	1.1	1.0	-12.9
Dividend Payout Ratio (%)	0%	0%	0%	21%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	394	446	469	492	514	265	267	285	300	109
Share Capital ⓘ	76	81	81	81	81	81	81	81	81	81
Reserves ⓘ	318	364	388	410	433	183	186	203	219	28
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	101	67	101	208	174	133	106	56	21	16
Long Term Debt	60	27	28	80	67	48	22	11	0	0
Short Term Debt	41	40	74	128	107	85	84	44	21	16
Trade Payables	59	70	98	104	93	77	74	70	37	45
Others Liabilities ⓘ	50	50	62	89	101	92	99	120	113	80
Total Liabilities ⓘ	604	632	730	893	882	566	546	530	471	251
Fixed Assets
Gross Block	241	246	278	368	386	394	395	396	290	279
Accumulated Depreciation	148	166	187	192	216	232	247	261	164	159
Net Fixed Assetsⓘ	94	80	91	176	170	162	149	135	126	120
CWIP ⓘ	1	2	165	152	153	2	1	0	0	0
Investmentsⓘ	260	260	151	156	160	150	182	185	185	31
Inventories	28	24	44	48	66	42	36	35	21	20
Trade Receivables	127	142	156	213	183	124	102	106	38	24
Cash Equivalents	4	3	10	23	14	19	21	19	6	21
Others Assetsⓘ	90	121	114	125	135	67	55	50	94	34
Total Assets ⓘ	604	632	730	893	882	566	546	530	471	251

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	7	29	55	3	104	82	44	57	53	23
PBT ⓘ	33	37	22	35	47	-253	3	24	23	-233
Adjustment ⓘ	19	26	28	34	45	274	33	32	27	251
Changes in Working Capital ⓘ	-40	-27	11	-60	19	64	15	3	6	9
Tax Paid ⓘ	-5	-6	-6	-6	-7	-3	-7	-2	-3	-4
Cash Flow From Investing Activity ⓘ	1	-8	-59	-80	-21	-11	-28	-1	-6	-2
Capex	-1	-6	-45	-93	-20	-7	-1	-3	-5	-3
Net Investments	0	0	-3	-3	-4	-6	0	0	0	0
Others ⓘ	2	-2	-10	16	4	2	-27	3	-1	1
Cash Flow From Financing Activityⓘ	-5	-22	2	80	-87	-68	-19	-52	-48	-22
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-9	-10	10	39	-7	-24	-5	-11	-11	0
Interest Paid ⓘ	-7	-10	-13	-19	-28	-26	-13	-11	-15	-10
Dividend Paid ⓘ	-4	0	0	0	-6	0	0	0	0	0
Others ⓘ	16	-1	5	59	-47	-18	-1	-30	-21	-12
Net Cash Flow ⓘ	3	-1	-2	3	-3	4	-3	4	-2	-1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.56	7.99	3	4.75	5.59	-63.64	0.84	6.17	5.28	-107.25
ROCE (%)	8.74	9.72	6.31	7.98	10.42	-39.8	5.9	10.8	9.13	-83.51
Asset Turnover Ratio	0.66	0.75	0.7	0.73	0.6	0.35	0.44	0.56	0.55	0.6
PAT to CFO Conversion(x)	0.22	0.85	3.93	0.13	3.71	N/A	22	3.35	3.53	N/A
Working Capital Days
Receivable Days	95	106	113	114	137	224	167	126	97	53
Inventory Days	26	21	26	28	39	78	58	43	37	35
Payable Days	82	91	100	97	114	221	217	169	114	102

Aksh Optifibre Ltd Stock News

Aksh Optifibre Ltd FAQs

What is the share price of Aksh Optifibre?

Company share prices are keep on changing according to the market conditions. The closing price of Aksh Optifibre on 26-Dec-2024 16:59 is ₹12.04.

What is the market cap of Aksh Optifibre?

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 26-Dec-2024 16:59 the market cap of Aksh Optifibre stood at ₹195.9.

What is the P/E ratio of Aksh Optifibre?

The latest P/E ratio of Aksh Optifibre as of 26-Dec-2024 16:59 is 0.00.

What is the P/B ratio of Aksh Optifibre?

The latest P/B ratio of Aksh Optifibre as of 26-Dec-2024 16:59 is 2.15.

What is the 52-week high and low of Aksh Optifibre?

The 52-week high of Aksh Optifibre is ₹15.85 and the 52-week low is ₹7.84.

What is the TTM revenue of Aksh Optifibre?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aksh Optifibre is ₹166.1 ( Cr.) .

About Aksh Optifibre Ltd

Aksh Optifibre Limited, an ISO 9002 company certified by US-based Underwriters Laboratories Inc, was incorporated in the year 1986 as private limited company. It was converted into a public limited company on March 13, 1994.

The company is engaged in the production of a variety of cables such as:

SingleMode & MultiMode Cables
Duct Cables
Armoured & Aerial Cables, Indoor
Outdoor Cables
The company has also the facilities of producing ribbon Fibre Optic

Aksh Optifibre diversified into the manufacture of Optic Fibre Cables in September 1994, by setting up a plant amidst pastoral environment at Bhiwadi, Rajasthan that is at a distance of about 70 km from New Delhi. The project was set up with a state-of-the-art computerized machinery supplied by the Rosendahl (Austria), an affiliate of Alcatel under their guarantee for producing cables of highest quality with annual capacity of 6500 CKM.

In order to protect itself from raw material shortages, Aksh, in 1995, set up a 150,000 fibre kilometre (fkm) facility for manufacture of optical fibres from quartz 'Preforms'. Nokia of Finland supplied the equipment. This was the first stage of backward integration for Aksh. With this set-up Aksh was among the first companies in India to set up its own fibre optic-manufacturing units.In 1999- 2000 it changed focus to exclusively manufacturing optic fibre and optic fibre cables and hived off the copper division and acquired CMI Ltd.'s Optic Fibre division, a move that enhanced its capacities from 33,222 ckm in '98-99 to 50,358 ckm.

Aksh has two plants at Bhiwadi and one at Jaitpura, Rajasthan manufacturing FRP rods, with capacity of I.2 lac. Aksh has also recently commissioned a fibre tower and has increased capacity of FRP manufacturing, from 1.2 lac to 3 lac km per annum, at Ringus. Both the plants at Bhiwadi are ISO-9002 certified by Underwriters Laboratories for manufacture of premises cable .

Currently Aksh has an in-house capacity to manufacture 150,000 fkm. This has been increased by 6,50,000 fkm by commissioning of the 1st tower under the old project.

Aksh raised Rs 358.10 million through a public issue in August 2000, to finance the expansion of optic fibre capacity from 150,000 fkm to 1.45 million fkm per annum; optic fibre cables from 50,358 ckm to 81,000 ckm; and for creating capacity to manufacture preforms for 1.08 million fkm per annum.

Milestone Achievements

1986 : Incorporated as a Private Limited Company
1994 : Converted into a Public Limited Company
1994 : Diversified into the manufacture of Optic Fibre Cables (OFC) by setting up a plant at Bhiwadi (Plant-I). Annual capacity - 6500 Cable Kilometers (CKM).
1995 : Integrated backwards into manufacture of Optical Fibre with Annual capacity of 150,000 Fibre Kilometres (FKM).
1998 : ISO 9002 accreditation by United Laboratories (UL), USA.
1999 : Turnover OFC manufacturing capacity to 33,000 CKM
1999 : Took over the Optical Fibre Cable plant of CMI Ltd., Plant-II, Capacity increased to 50,000 CKM.
2000 : Came out with an IPO and got listed on BSE, NSE and JSE.
2000 : Merged Telecords (India) Private Limited manufacture of FRP rods with Plant at JaitPura (Plant-IV).
2001 : Enhanced the production capacity of Fibre to 1.45 million FKM, by commissioning a dual Fibre Drawing Tower
2001 : Started a plant for Fibre Reinforced Plastic (FRP) rods at Ringus (Plant-III) with capacity of 0.3 million KM.
2002 : Increased capacity at Ringus plant to 0.8 million KMs
2003 : Added capability to manufacture Ribbon cable and special access cable
2009 : Aksh Optifibre Ltd Successful renewal of ISO 9001:2008 by Underwriters Laboratories Inc. (UL). - Aksh Optifibre Ltd Became member of FTTH council.
2012 : Aksh Optifibre Ltd merger with Aksh Technologies Ltd.

Other developments

Recently Aksh has taken a step further for backward integration by merger with Telecords (I) Pvt. Ltd. for the manufacture of Fibre Reinforced Plastic (FRP) rods. AKSH produces variety of cables such as SingleMode & MultiMode Cables, Duct Cables, Armoured & Aerial Cables, Indoor & Outdoor Cables. The Company has also the facilities or producing ribbon Fibre Optic Cables.

Aksh has recently developed a new cost-effective concept called 'Fibre-to-Home', through which they expect to revolutionise the IT and telecom industry completely. It's a concept that would bring wireless Voice, Audio, Video and Internet direct to home.