Aplab Ltd - Stock Valuation and Financial Performance

BSE: 517096 | NSE: APLAB | Electric Equipment | Small Cap

Aplab Share Price

68.68 -0.39 -0.56%
as on 21-Nov'24 16:59

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Aplab stock performance -

mw4me loader
P/E Ratio (SA):
38.07
Market Cap:
86.2 Cr.
52-wk low:
64.7
52-wk high:
127

Is Aplab Ltd an attractive stock to invest in?

1. Is Aplab Ltd a good quality company?

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

2. Is Aplab Ltd undervalued or overvalued?

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

3. Is Aplab Ltd a good buy now?

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

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.
Aplab Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -4.1%-7.8%-3.3%-10%36.3%16.1%13.8%15.1%14.1%13%-
Value Creation
Index
-1.3NANANANANANA0.10.0-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 74.37172.16153.251.65351.451.549.553
Sales YoY Gr.--4.4%1.5%-15.3%-12.8%-3%2.8%-3.1%0.3%-3.8%-
Adj EPS -20.2-24.7-19.3-22.1-2.7-2.9-0.61.21.71.11.8
YoY Gr.-NANANANANANANA48.7%-38%-
BVPS (₹) 16.7-7.8-25.1-45.3-37.1-36.7-36.3-20.8-19.86.58.3
Adj Net
Profit
-14.5-17.7-13.9-15.9-2-2.1-0.41.21.71.22
Cash Flow from Ops. -3.6-5.74.5-17.1-5.1-23.4-118.7-2.9-3.4-
Debt/CF from Ops. -20.1-14.718.4-4.1-13.9-3.1-70.22.5-17.4-7.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.4%-1.4%-2.2%-3.8%
Adj EPS NANANA-38%
BVPS-9.9%NANANA
Share Price 10.5% 75% 56% -9.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-74.6-550117.662.86.67.81.6-4.9-8.5-24.424.3
Op. Profit
Mgn %
-3.7-8.2-3.6-6.5-4.79.19.913.510.99.16.8
Net Profit
Mgn %
-19.5-25-19.3-26-3.7-4-0.82.33.32.44.2
Debt to
Equity
6.1-14.9-4.5-2.2-2.6-2.7-2.8-2.3-2.52.60
Working Cap
Days
389356343384551688623551504542160
Cash Conv.
Cycle
244171118102891531421432333129

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.30%

Sales growth has been subdued in last 3 years -2.24%

Sales growth is not so good in last 4 quarters at 8.75%

Latest Financials - Aplab Ltd.

Standalone Consolidated
TTM EPS (₹) 1.8 -14.4
TTM Sales (₹ Cr.) 53.3 71.1
BVPS (₹.) 8.3 0
Reserves (₹ Cr.) -2 -10
P/BV 8.32 0.00
PE 38.07 0.00
From the Market
52 Week Low / High (₹) 64.70 / 127.00
All Time Low / High (₹) 1.32 / 129.44
Market Cap (₹ Cr.) 86.2
Equity (₹ Cr.) 12.6
Face Value (₹) 10
Industry PE 89.8

Management X-Ray of Aplab:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.011.010.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Aplab

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales74.2971.0172.0861.0453.2151.6053.0251.3651.4949.54
Operating Expenses 77.0576.8774.9165.0455.7046.9347.7544.4245.8845.01
Manufacturing Costs4.994.595.186.015.175.325.225.946.497.44
Material Costs44.2244.5541.5429.9225.7219.3722.9918.5516.5916.23
Employee Cost 19.0517.1416.8217.8913.9713.4011.2712.5112.9312.37
Other Costs 8.7910.5811.3811.2210.848.858.287.419.878.97
Operating Profit -2.76-5.85-2.83-4-2.484.675.266.945.614.53
Operating Profit Margin (%) -3.7%-8.2%-3.9%-6.5%-4.7%9.0%9.9%13.5%10.9%9.1%
Other Income 0.721.161.360.380.320.351.390.341.070.87
Interest 10.6311.2811.2110.828.066.936.665.313.843.53
Depreciation 1.761.621.561.441.291.020.380.380.450.44
Exceptional Items 000.70018.183.140-1.43-2.19-0.63
Profit Before Tax -14.43-17.59-13.54-15.876.660.21-0.390.170.200.80
Tax 00001.2500000
Profit After Tax -14.43-17.59-13.54-15.875.410.21-0.390.170.200.80
PAT Margin (%) -19.4%-24.8%-18.8%-26.0%10.2%0.4%-0.7%0.3%0.4%1.6%
Adjusted EPS (₹)-20.1-24.5-18.9-22.17.50.3-0.50.20.20.7
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 12.02-5.57-18.03-32.54-26.64-26.38-26.08-20.76-19.8110.13
Share Capital 5555555101013.96
Reserves 7.02-10.57-23.03-37.54-31.64-31.38-31.08-30.76-29.81-3.83
Minority Interest0000000000
Debt69.6971.6966.3070.2870.1971.3671.7147.6250.2325.97
Long Term Debt7.38000000000
Short Term Debt62.3171.6966.3070.2870.1971.3671.7147.6250.2325.97
Trade Payables12.4923.462.1612.8110.768.7310.536.568.828.48
Others Liabilities 32.5441.9476.5763.8658.2949.1742.7242.3745.6436.25
Total Liabilities 126.74131.52126.99114.40112.60102.8898.8975.7784.8780.83

Fixed Assets

Gross Block80.4380.2479.8639.7830.174.2019.7322.9323.9923.68
Accumulated Depreciation25.4026.9228.2523.1326.030.6316.3716.5016.7316.76
Net Fixed Assets55.0453.3351.6116.654.143.583.366.437.266.92
CWIP 000.350.822.353.593.881.0800.49
Investments 0.070.070.020.020.140.140.020.020.020.02
Inventories33.3418.6011.6913.8413.0316.0115.3215.2824.7329.49
Trade Receivables18.2919.9617.556.0919.2218.9315.2117.5230.0322.73
Cash Equivalents -2.276.082.953.943.583.552.631.881.631.91
Others Assets22.2633.4742.8173.0370.1457.0858.4733.5621.2019.27
Total Assets 126.74131.52126.99114.40112.60102.8898.8975.7784.8780.83

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -3.64-5.704.45-17.11-5.07-23.38-1.0218.73-2.89-3.38
PBT -14.43-17.59-12.45-15.876.660.21-0.390.320.952.22
Adjustment 1.371.451.6413.71-10.340.860.870.160.22-0.20
Changes in Working Capital 9.4310.4515.26-14.95-1.39-24.44-1.5118.24-4.06-5.4
Tax Paid 0000000000
Cash Flow From Investing Activity 2.680.07-0.42-1.579.7131.67-0.25-0.380.020.18
Capex 0.490.07-0.07-1.1111.2431.70-0.160.02-1.25-0.10
Net Investments 2.19000000000
Others 00-0.35-0.47-1.53-0.03-0.09-0.401.270.27
Cash Flow From Financing Activity -1.6712.05-7.1619.67-5.01-8.330.35-19.102.623.46
Net Proceeds from Shares 00000005024.85
Net Proceeds from Borrowing 0000000000
Interest Paid 0.170.180-10.39000000
Dividend Paid 0000000000
Others -1.8411.86-7.1630.06-5.01-8.330.35-24.102.62-21.39
Net Cash Flow -2.636.43-3.130.99-0.36-0.03-0.92-0.75-0.250.25
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-74.37N/AN/AN/AN/AN/AN/AN/AN/A0
ROCE (%)-4.06N/AN/AN/AN/AN/AN/AN/AN/A13.03
Asset Turnover Ratio0.560.580.590.510.470.480.530.590.640.6
PAT to CFO Conversion(x)N/AN/AN/AN/A-0.94-111.33N/A110.18-14.45-4.23
Working Capital Days
Receivable Days11193897087135118116169194
Inventory Days164127727592103108109142200
Payable Days51757191167184153168169195

Aplab Ltd Stock News

Aplab Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Aplab on 21-Nov-2024 16:59 is ₹68.68.
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 21-Nov-2024 16:59 the market cap of Aplab stood at ₹86.23.
The latest P/E ratio of Aplab as of 21-Nov-2024 16:59 is 38.07.
The latest P/B ratio of Aplab as of 21-Nov-2024 16:59 is 8.32.
The 52-week high of Aplab is ₹127.0 and the 52-week low is ₹64.70.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aplab is ₹53.34 ( Cr.) .

About Aplab Ltd

Aplab Limited, incorporated in 1962 is recognized as a technology-driven professional company in business sectors like telecommunication, information technology, retail banking, retail fuel dispensing and power control & conditioning.

The company has four independent product divisions; test and measurement equipments, power conversion and UPS systems, self-service terminals for banking and petroleum sector.

Aplab enjoys worldwide recognition for the quality of its products, business integrity and innovative engineering skills.

Aplab provides a wide range of electronic products meeting the international standards for safety and reliability such as UL, VDE, etc.

The company’s manufacturing plants are located at Thane, Mumbai, Navi-Mumbai and Pune with a shop floor over 200,000 sq. ft. 

Further, the company also has a manufacturing plant located in the SEZ near the Mumbai Airport that has a standard lab with equipment from Agilent, Yokogawa, Fluke, Marconi, etc, 3D CAD facilities for product design, automated pick and place surface mount PCB facility with optional inspection tools and quality-testing laboratory with environmental test chambers and Endurance testing facility.

Products

  • High power AC systems
  • High Power DC systems
  • Solar Energy systems
  • Power supplies
  • Test & Measurement Instruments
  • Banking Automation Products
  • Cable Fault Locating Instruments
  • Fuel Dispensers
  • Design and Manufacturing services

The company operates subsidiaries namely Intel Instruments & Systems Limited and Sprylogic Technologies Limited. The securities are listed on the stock exchanges at Mumbai, Delhi, Chennai and Pune.

Aplab’s sales and service centres are located at Agra, Ahmedabad, Bangalore, Bhopal, Bhuvaneshwar, Chandigarh, Chennai, Coimbatore, Gauhati, Goa, Hubli, Indore, Jaipur, Kochi, Kolkatta, Kannur, Lucknow, Ludhiana, Mumbai, Mysore, Madurai, Mangalore, Nagpur, Nashik, New Delhi, Patna, Pune, Raipur, Ranchi, Secunderabad, Surat, Trivandrum and Trichy.

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