BSE: 0 | NSE: AIMTRON | Electronics - Components | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Aimtron Electronics Ltd is a average quality company.
The key valuation ratios of Aimtron Electronics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Aimtron Electronics Ltd is likely to Rise 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 87.5% | -5.4% | 45.2% | 34.4% | - |
| Value Creation Index ⓘ | 5.3 | -1.4 | 2.2 | 1.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 52.8 | 26.3 | 83.5 | 93 | 93 |
| Sales YoY Gr. | - | -50.1% | 217.3% | 11.3% | - |
| Adj EPS ⓘ | 44.9 | -5 | 8.3 | 9.5 | 6.7 |
| YoY Gr. | - | -111% | NA | 14.1% | - |
| BVPS (₹) ⓘ | 62.7 | 58.4 | 24.3 | 34.5 | 71.4 |
| Adj Net Profit ⓘ | 15.4 | -1.7 | 12.1 | 14.2 | 14 |
| Cash Flow from Ops. ⓘ | 6.2 | 8.6 | -3.5 | 6.7 | - |
| Debt/CF from Ops. ⓘ | 0.4 | 1 | -4.9 | 2.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 20.8% | 11.3% | ||||
| Adj EPS ⓘ | NA | NA | -40.5% | 14.1% | ||||
| BVPSⓘ | NA | NA | -18.1% | 41.9% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 71.7 | -8.3 | 43.4 | 32.7 | 12.6 |
| Op. Profit Mgn % ⓘ | 38.8 | -1.7 | 26.3 | 26.6 | NAN |
| Net Profit Mgn % ⓘ | 29.1 | -6.6 | 14.5 | 15.3 | 14.6 |
| Debt to Equity ⓘ | 0.1 | 0.4 | 0.5 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 395 | 229 | 270 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 191 | 119 | 175 | 0 |
Sales growth is growing at healthy rate in last 3 years 20.77%
Return on Equity has declined versus last 3 years average to 12.60%
Net Profit has been subdued in last 3 years -40.45%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.7 | - |
| TTM Sales (₹ Cr.) | 93 | - |
| BVPS (₹.) ⓘ | 71.4 | - |
| Reserves (₹ Cr.) ⓘ | 125 | - |
| P/BV ⓘ | 8.24 | - |
| PE ⓘ | 88.33 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 1,201 |
| Equity (₹ Cr.) | 20.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 217.4 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 53 | 26 | 84 | 93 |
| Operating Expenses ⓘ | 32 | 27 | 62 | 69 |
| Manufacturing Costs | 1 | 1 | 1 | 1 |
| Material Costs | 28 | 21 | 55 | 57 |
| Employee Cost | 3 | 4 | 4 | 6 |
| Other Costs ⓘ | 1 | 2 | 2 | 5 |
| Operating Profit ⓘ | 20 | -1 | 22 | 24 |
| Operating Profit Margin (%) | 38.8% | -2.1% | 26.2% | 25.6% |
| Other Income ⓘ | 1 | 1 | 1 | 1 |
| Interest ⓘ | 0 | 0 | 1 | 2 |
| Depreciation ⓘ | 1 | 1 | 4 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 21 | -2 | 17 | 19 |
| Tax ⓘ | 5 | 0 | 5 | 5 |
| Profit After Tax | 16 | -2 | 12 | 14 |
| PAT Margin (%) | 29.8% | -6.8% | 14.4% | 14.6% |
| Adjusted EPS (₹) | 45.9 | -5.2 | 8.3 | 9.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 21 | 20 | 35 | 52 | ||||||
| Share Capital ⓘ | 1 | 1 | 3 | 15 | ||||||
| Reserves ⓘ | 21 | 20 | 32 | 37 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 3 | 8 | 17 | 15 | ||||||
| Long Term Debt | 0 | 6 | 15 | 12 | ||||||
| Short Term Debt | 3 | 3 | 2 | 2 | ||||||
| Trade Payables | 4 | 13 | 6 | 6 | ||||||
| Others Liabilities ⓘ | 8 | 18 | 36 | 21 | ||||||
| Total Liabilities ⓘ | 36 | 59 | 95 | 93 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 8 | 30 | 32 | 36 | ||||||
| Accumulated Depreciation | 3 | 5 | 9 | 13 | ||||||
| Net Fixed Assetsⓘ | 5 | 25 | 23 | 23 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 6 | 19 | 49 | 36 | ||||||
| Trade Receivables | 13 | 6 | 3 | 17 | ||||||
| Cash Equivalents | 8 | 1 | 1 | 4 | ||||||
| Others Assetsⓘ | 5 | 8 | 19 | 13 | ||||||
| Total Assets ⓘ | 36 | 59 | 95 | 93 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6 | 9 | -3 | 7 |
| PBT ⓘ | 21 | -2 | 17 | 19 |
| Adjustment ⓘ | 1 | 1 | 6 | 6 |
| Changes in Working Capital ⓘ | -10 | 9 | -21 | -12 |
| Tax Paid ⓘ | -5 | 0 | -5 | -5 |
| Cash Flow From Investing Activity ⓘ | -1 | -22 | -7 | -2 |
| Capex | -1 | -22 | -2 | -4 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -6 | 2 |
| Cash Flow From Financing Activityⓘ | 0 | 7 | 11 | -1 |
| Net Proceeds from Shares ⓘ | 0 | 1 | 2 | 7 |
| Net Proceeds from Borrowing ⓘ | 0 | 6 | 10 | -3 |
| Interest Paid ⓘ | 0 | 0 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | -4 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 6 | -7 | 0 | 4 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 73.3 | -8.61 | 43.1 | 31.26 | ||||||
| ROCE (%) | 87.54 | -5.44 | 45.2 | 34.37 | ||||||
| Asset Turnover Ratio | 1.46 | 0.55 | 1.08 | 0.99 | ||||||
| PAT to CFO Conversion(x) | 0.38 | N/A | -0.25 | 0.5 | Working Capital Days | |||||
| Receivable Days | 90 | 128 | 19 | 39 | ||||||
| Inventory Days | 41 | 175 | 149 | 166 | ||||||
| Payable Days | 50 | 146 | 63 | 38 | ||||||
The company was originally incorporated as a Private Limited Company under the name 'Aimtron Electronics Private Limited' on April 19, 2011 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Dadra and Nagar Havelli, Gujarat. Subsequently, the company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Extraordinary General Meeting, held on October 20, 2023 and consequently the name of the company was changed from ‘Aimtron Electronics Private Limited’ to ‘Aimtron Electronics Limited’ vide a fresh certificate of incorporation dated October 31, 2023, issued by the Registrar of Companies, Ahmedabad.
The company is engaged in the business of providing products and solutions towards electronics system design and manufacturing (ESDM) services with a focus on high value precision engineering products. It provides product and solutions right from printed circuit board (PCB) design and assembly to the manufacturing of complete electronic systems (Box Build), to certain domestic and global manufacturers located in India, United States of America, Hongkong, United Kingdom, Spain, Mexico.
The company started in 2011 as a pure play PCB designer and assembler and over the years has invested in its capabilities and become one stop ESDM solution provider. Each of its diversified capabilities stands alone on its own merit, providing customers with a number of options while also enabling its growth in each of these areas. The company offers a broad range of products and services across multiple industry segments. These ESDM products and services are essential for industrial automation, electric vehicle mobility, IoT and embedded systems, medtech and wearables, gaming, robotics etc. They provide higher-level monitoring and control various functions of machines to define, organize, and meet production objectives. The end-use industries that it caters to include: Industrial sector, Medical & Healthcare Equipment, Automobiles, Power, Gaming, Drones and UAV (unmanned aerial vehicle) etc.
The company operates through its two manufacturing facilities, one situated in Vadodara, Gujarat and the other situated in Bengaluru, Karnataka. Its manufacturing facilities include engineered layout with process controls and necessary automations for quality and productivity. This allows it to keep its core competencies within the company, allowing it to ensure strict quality control and safety at each step of its manufacturing process.
Business area of the company
The company offers tailored solutions for customers’ needs, encompassing automated micro-electronics assembly and precision component integration. Its solutions involve its client providing the design for the product for which it provides manufacturing services or in some cases require it to design the relevant product based on the specifications provided by the client including manufacturing of the product. Its solutions primarily comprise of: (i) printed circuit board assembly (PCBA), (ii) any box build assemblies in addition to finding its application in battery management systems used in electrical vehicles (iii) design solutions offering end to end services right from conceptualizing the design, engineering, product prototype development, manufacturing of turnkey requirements for its customers. Through its end-to-end capabilities, its customers may achieve tangible benefits such as reduced manufacturing costs, improved supply chain management and reduced inventory obsolescence.
Major events and milestones
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