BSE: 523850 | NSE: | Engineering - Industrial Equipments | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Axtel Industries Ltd is a good quality company.
The key valuation ratios of Axtel Industries 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 Weak which suggest that the price of Axtel Industries 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 % ⓘ | -14.3% | 18.1% | 22.1% | 18.8% | 37.2% | 26.9% | 43.9% | 25.2% | 27.1% | 42.5% | - |
| Value Creation Index ⓘ | -2.0 | 0.3 | 0.6 | 0.4 | 1.7 | 0.9 | 2.1 | 0.8 | 0.9 | 2.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 39.9 | 67.1 | 76.1 | 81.5 | 111 | 99.7 | 153 | 144 | 180 | 223 | 206 |
| Sales YoY Gr. | - | 68.1% | 13.4% | 7.1% | 35.9% | -10% | 53.9% | -6.1% | 25.1% | 24% | - |
| Adj EPS ⓘ | -4.7 | 3 | 4.2 | 3.7 | 7.9 | 6.6 | 13.2 | 7.8 | 10.4 | 19.8 | 15.4 |
| YoY Gr. | - | NA | 41.1% | -12.7% | 115.6% | -17% | 101.5% | -40.7% | 33.3% | 89.2% | - |
| BVPS (₹) ⓘ | 15.8 | 18.6 | 22.8 | 26.6 | 32.2 | 34.1 | 44.2 | 50 | 59.5 | 70 | 76 |
| Adj Net Profit ⓘ | -7.5 | 4.8 | 6.8 | 5.9 | 12.8 | 10.6 | 21.3 | 12.7 | 16.9 | 31.9 | 25 |
| Cash Flow from Ops. ⓘ | 6.7 | -1.2 | 15.1 | 11.8 | 9.1 | 12 | 24.5 | -11.1 | 30.1 | 38.7 | - |
| Debt/CF from Ops. ⓘ | 1.9 | -8.2 | 0.3 | 0.4 | 0.1 | 0.6 | 0 | -0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 21.1% | 15.1% | 13.3% | 24% | ||||
| Adj EPS ⓘ | NA | 20.1% | 14.4% | 89.2% | ||||
| BVPSⓘ | 17.9% | 16.8% | 16.6% | 17.5% | ||||
| Share Price | 47.1% | 36% | 14.9% | -23.5% | ||||
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 % ⓘ | -27.6 | 17.1 | 20.1 | 14.8 | 26.8 | 19.8 | 33.8 | 16.6 | 19.1 | 30.5 | 21.1 |
| Op. Profit Mgn % ⓘ | -5.7 | 15.4 | 14 | 12.4 | 18 | 14.4 | 18.9 | 12.3 | 12.7 | 19.7 | 16.8 |
| Net Profit Mgn % ⓘ | -18.9 | 7.2 | 8.9 | 7.3 | 11.5 | 10.6 | 13.9 | 8.8 | 9.4 | 14.3 | 12.1 |
| Debt to Equity ⓘ | 0.5 | 0.3 | 0.1 | 0.1 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 340 | 203 | 178 | 198 | 175 | 209 | 139 | 195 | 220 | 197 | 130 |
| Cash Conv. Cycle ⓘ | 156 | 87 | 81 | 70 | 63 | 85 | 47 | 85 | 107 | 94 | 75 |
Sales growth is growing at healthy rate in last 3 years 13.34%
Net Profit is growing at healthy rate in last 3 years 14.37%
Return on Equity has declined versus last 3 years average to 21.10%
Sales growth is not so good in last 4 quarters at -3.90%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 15.4 | - |
| TTM Sales (₹ Cr.) | 206 | - |
| BVPS (₹.) ⓘ | 76 | - |
| Reserves (₹ Cr.) ⓘ | 107 | - |
| P/BV ⓘ | 6.19 | - |
| PE ⓘ | 30.51 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 421.00 / 769.90 |
| All Time Low / High (₹) | 0.34 / 850.30 |
| Market Cap (₹ Cr.) | 760 |
| Equity (₹ Cr.) | 16.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 59.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40 | 67 | 76 | 82 | 111 | 100 | 153 | 144 | 180 | 223 |
| Operating Expenses ⓘ | 42 | 57 | 65 | 71 | 91 | 85 | 125 | 127 | 157 | 179 |
| Manufacturing Costs | 5 | 7 | 9 | 8 | 10 | 9 | 11 | 14 | 20 | 24 |
| Material Costs | 20 | 32 | 36 | 41 | 54 | 48 | 82 | 76 | 96 | 108 |
| Employee Cost | 11 | 12 | 14 | 16 | 17 | 20 | 23 | 26 | 29 | 34 |
| Other Costs ⓘ | 6 | 6 | 6 | 7 | 9 | 9 | 9 | 11 | 12 | 14 |
| Operating Profit ⓘ | -2 | 10 | 11 | 10 | 20 | 14 | 29 | 17 | 23 | 44 |
| Operating Profit Margin (%) | -5.8% | 15.4% | 14.0% | 12.4% | 17.9% | 14.4% | 18.7% | 11.8% | 12.6% | 19.7% |
| Other Income ⓘ | 0 | 0 | 1 | 1 | 3 | 4 | 3 | 3 | 4 | 3 |
| Interest ⓘ | 2 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 2 |
| Depreciation ⓘ | 4 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 2 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 2 | 0 | 0 |
| Profit Before Tax ⓘ | -8 | 6 | 8 | 8 | 18 | 15 | 29 | 19 | 23 | 43 |
| Tax ⓘ | 0 | 1 | 1 | 2 | 5 | 4 | 8 | 5 | 6 | 11 |
| Profit After Tax | -8 | 5 | 7 | 6 | 13 | 11 | 21 | 14 | 17 | 32 |
| PAT Margin (%) | -18.9% | 7.2% | 9.0% | 7.3% | 11.7% | 10.9% | 13.9% | 9.6% | 9.6% | 14.4% |
| Adjusted EPS (₹) | -4.7 | 3.0 | 4.2 | 3.7 | 8.0 | 6.7 | 13.2 | 8.6 | 10.7 | 19.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 41% | 19% | 37% | 46% | 23% | 28% | 30% |
| 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 | 26 | 30 | 37 | 43 | 52 | 55 | 71 | 81 | 96 | 113 |
| Share Capital ⓘ | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves ⓘ | 10 | 14 | 21 | 27 | 36 | 39 | 55 | 65 | 80 | 97 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 9 | 7 | 3 | 4 | 1 | 7 | 0 | 0 | 0 | 0 |
| Long Term Debt | 5 | 2 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Short Term Debt | 4 | 5 | 3 | 3 | 0 | 7 | 0 | 0 | 0 | 0 |
| Trade Payables | 13 | 8 | 12 | 19 | 14 | 17 | 19 | 31 | 40 | 33 |
| Others Liabilities ⓘ | 21 | 16 | 15 | 21 | 24 | 26 | 24 | 23 | 48 | 61 |
| Total Liabilities ⓘ | 69 | 61 | 66 | 87 | 91 | 106 | 115 | 135 | 184 | 206 |
Fixed Assets | ||||||||||
| Gross Block | 38 | 39 | 19 | 22 | 24 | 26 | 29 | 31 | 31 | 47 |
| Accumulated Depreciation | 17 | 20 | 3 | 5 | 8 | 11 | 13 | 16 | 18 | 21 |
| Net Fixed Assetsⓘ | 21 | 19 | 17 | 17 | 16 | 16 | 16 | 14 | 13 | 25 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 5 | 0 |
| Investmentsⓘ | 0 | 0 | 4 | 14 | 15 | 26 | 34 | 18 | 34 | 35 |
| Inventories | 18 | 14 | 12 | 18 | 22 | 31 | 23 | 37 | 45 | 52 |
| Trade Receivables | 13 | 18 | 18 | 20 | 19 | 12 | 20 | 46 | 62 | 50 |
| Cash Equivalents | 6 | 1 | 7 | 4 | 5 | 4 | 8 | 6 | 12 | 25 |
| Others Assetsⓘ | 10 | 10 | 9 | 13 | 14 | 17 | 15 | 14 | 14 | 19 |
| Total Assets ⓘ | 69 | 61 | 66 | 87 | 91 | 106 | 115 | 135 | 184 | 206 |
| 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 | -1 | 15 | 12 | 9 | 12 | 25 | -11 | 30 | 39 |
| PBT ⓘ | -8 | 6 | 8 | 8 | 18 | 15 | 29 | 19 | 23 | 43 |
| Adjustment ⓘ | 5 | 5 | 3 | 3 | 4 | 0 | 1 | 1 | 2 | 2 |
| Changes in Working Capital ⓘ | 9 | -11 | 6 | 3 | -7 | 1 | 2 | -28 | 11 | 6 |
| Tax Paid ⓘ | 0 | -1 | -2 | -2 | -5 | -4 | -8 | -5 | -6 | -12 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 | -4 | -13 | -2 | -11 | -8 | 14 | -20 | -9 |
| Capex | -1 | -1 | -1 | -3 | -2 | -3 | -2 | -2 | -5 | -11 |
| Net Investments | 0 | 0 | -4 | -11 | -1 | -10 | -7 | 16 | -15 | 1 |
| Others ⓘ | 0 | 0 | 1 | 0 | 1 | 2 | 1 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1 | -4 | -6 | -1 | -6 | -2 | -13 | -5 | -5 | -16 |
| Net Proceeds from Shares ⓘ | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -3 | -3 | -2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -2 | -1 | -1 | -1 | 0 | -1 | -1 | 0 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | -3 | -6 | -5 | -5 | -3 | -15 |
| Others ⓘ | -3 | 1 | -3 | -2 | -3 | 6 | -7 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 5 | -5 | 5 | -3 | 1 | -1 | 4 | -2 | 5 | 13 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -28.69 | 17.24 | 20.42 | 14.85 | 27.26 | 20.34 | 33.7 | 18.18 | 19.55 | 30.73 |
| ROCE (%) | -14.27 | 18.11 | 22.1 | 18.84 | 37.17 | 26.85 | 43.91 | 25.19 | 27.11 | 42.53 |
| Asset Turnover Ratio | 0.64 | 1.14 | 1.3 | 1.09 | 1.24 | 1.01 | 1.39 | 1.15 | 1.13 | 1.14 |
| PAT to CFO Conversion(x) | N/A | -0.2 | 2.14 | 2 | 0.69 | 1.09 | 1.19 | -0.79 | 1.76 | 1.22 | Working Capital Days |
| Receivable Days | 129 | 77 | 80 | 84 | 65 | 57 | 38 | 84 | 109 | 91 |
| Inventory Days | 120 | 77 | 57 | 66 | 65 | 96 | 63 | 75 | 83 | 79 |
| Payable Days | 202 | 122 | 100 | 138 | 111 | 119 | 82 | 120 | 136 | 124 |
Axtel Industries is a customer oriented, technology driven company that is recognized for turnkey systems, new product development and exemplary customer service. The company’s philosophy is to supply customers with the best equipment and the best technology at a competitive price with efficiency being an integral part of the system. Over the years the company has developed an international reputation for reliability, flexibility and productivity improvement. Excellent reputations don’t come easily. The company has been forged through a commitment to uncompromised quality in design and service.
Each customer has different needs. Its customers come back to it because of its ability to meet those individual needs. The company draws upon more than 15 years of cumulative knowledge gained from serving customers globally. Its unique position today paves the way for cultivating genuine partnerships and jointly pioneering new techniques with the company’s customers. Its customers have endorsed the efforts with enthusiasm by labeling the company as - “preferred choiceâ€.
The company encourages customers to visit its extensively equipped Works at Halol, near Baroda. Here, it has all the facilities necessary to manufacture its robust & aesthetically pleasing equipment.
Axtel design engineers use their collective experience to determine the individual needs of each application and to produce a complete turnkey proposal. The systems offered are optimized to your processing needs and the designs precisely tailored to its customers’ unique requirements.
Equipment manicured by the company
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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