BSE: 519216 | NSE: | Edible Oil | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ajanta Soya Ltd is a average quality company.
The key valuation ratios of Ajanta Soya 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 Ajanta Soya 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 % ⓘ | 10.1% | 18.3% | 26.8% | 8.7% | 8.6% | 25.5% | 61% | 49.6% | 5.4% | 7.3% | - |
| Value Creation Index ⓘ | -0.3 | 0.3 | 0.9 | -0.4 | -0.4 | 0.8 | 3.4 | 2.5 | -0.6 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 553 | 579 | 700 | 346 | 695 | 760 | 931 | 1,345 | 1,236 | 1,022 | 1,037 |
| Sales YoY Gr. | - | 4.8% | 20.9% | -50.6% | 100.7% | 9.4% | 22.5% | 44.4% | -8.1% | -17.3% | - |
| Adj EPS ⓘ | 0.3 | 0.7 | 0.4 | -0.3 | -0.4 | 1.4 | 2.6 | 4.9 | 0.2 | -0.1 | 1.3 |
| YoY Gr. | - | 180.8% | -48% | -165.8% | NA | NA | 85.6% | 90.7% | -95.1% | -125% | - |
| BVPS (₹) ⓘ | 3.4 | 4.1 | 5.3 | 5.6 | 5.5 | 6.7 | 9.9 | 15.3 | 15.6 | 16.2 | 16.8 |
| Adj Net Profit ⓘ | 2 | 5.6 | 3 | -2.1 | -3 | 11.2 | 20.8 | 39.6 | 2 | -0.5 | 10 |
| Cash Flow from Ops. ⓘ | -14.7 | 10.7 | 20.9 | -44.8 | 21.8 | 21.2 | 21.7 | 28.2 | -24 | 25.1 | - |
| Debt/CF from Ops. ⓘ | -1.1 | 1.5 | 0.1 | -0.7 | 1.1 | 0.1 | 0.1 | 0 | -0.1 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.1% | 8% | 3.2% | -17.3% | ||||
| Adj EPS ⓘ | -185% | NA | -128.5% | -125% | ||||
| BVPSⓘ | 18.8% | 24.1% | 18.1% | 3.9% | ||||
| Share Price | 26.9% | 42.4% | 3.8% | 37.1% | ||||
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 % ⓘ | 7.3 | 19.3 | 8.2 | -4.8 | -6.7 | 22.7 | 31.1 | 39.1 | 1.6 | -0.4 | 7.8 |
| Op. Profit Mgn % ⓘ | 0.6 | 1.3 | 0.8 | 0 | 0.4 | 2.4 | 3.9 | 3.5 | 0.6 | 0.3 | 1 |
| Net Profit Mgn % ⓘ | 0.4 | 1 | 0.4 | -0.6 | -0.4 | 1.5 | 2.2 | 2.9 | 0.2 | -0.1 | 1 |
| Debt to Equity ⓘ | 0.6 | 0.5 | 0 | 0.7 | 0.5 | 0.1 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 38 | 39 | 31 | 67 | 45 | 40 | 30 | 34 | 47 | 49 | 31 |
| Cash Conv. Cycle ⓘ | 33 | 31 | 25 | 50 | 29 | 27 | 19 | 10 | 12 | 15 | 14 |
No data to display
Return on Equity has declined versus last 3 years average to 7.80%
Sales growth has been subdued in last 3 years 3.15%
Net Profit has been subdued in last 3 years -128.54%
Sales growth is not so good in last 4 quarters at -7.55%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.3 | - |
| TTM Sales (₹ Cr.) | 1,037 | - |
| BVPS (₹.) ⓘ | 16.8 | - |
| Reserves (₹ Cr.) ⓘ | 119 | - |
| P/BV ⓘ | 2.53 | - |
| PE ⓘ | 33.09 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 25.65 / 51.00 |
| All Time Low / High (₹) | 0.08 / 69.38 |
| Market Cap (₹ Cr.) | 342 |
| Equity (₹ Cr.) | 16.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 48.7 |
| 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 | 553 | 579 | 700 | 346 | 695 | 760 | 931 | 1,345 | 1,236 | 1,022 |
| Operating Expenses ⓘ | 549 | 573 | 694 | 346 | 693 | 744 | 895 | 1,297 | 1,230 | 1,019 |
| Manufacturing Costs | 31 | 30 | 28 | 15 | 31 | 32 | 35 | 41 | 47 | 47 |
| Material Costs | 505 | 528 | 650 | 319 | 643 | 694 | 843 | 1,238 | 1,162 | 951 |
| Employee Cost | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 7 | 7 | 7 |
| Other Costs ⓘ | 10 | 12 | 13 | 8 | 13 | 14 | 12 | 12 | 15 | 14 |
| Operating Profit ⓘ | 3 | 6 | 6 | 0 | 2 | 16 | 36 | 48 | 6 | 3 |
| Operating Profit Margin (%) | 0.6% | 1.1% | 0.8% | -0.1% | 0.3% | 2.1% | 3.9% | 3.5% | 0.5% | 0.3% |
| Other Income ⓘ | 2 | 3 | 8 | 6 | 1 | 2 | 8 | 5 | 3 | 9 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 5 | 3 | 2 | 1 | 3 | 4 |
| Depreciation ⓘ | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 7 | 11 | 4 | 2 | 13 | 41 | 50 | 4 | 5 |
| Tax ⓘ | 0 | 2 | 4 | 3 | 2 | 3 | 15 | 8 | 2 | 1 |
| Profit After Tax | 3 | 5 | 7 | 1 | 0 | 10 | 25 | 42 | 2 | 4 |
| PAT Margin (%) | 0.5% | 0.9% | 1.0% | 0.3% | -0.1% | 1.3% | 2.7% | 3.1% | 0.2% | 0.4% |
| Adjusted EPS (₹) | 0.3 | 0.7 | 0.9 | 0.1 | -0.1 | 1.2 | 3.1 | 5.2 | 0.3 | 0.5 |
| 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 | 27 | 32 | 41 | 45 | 44 | 54 | 79 | 123 | 126 | 131 |
| Share Capital ⓘ | 15 | 15 | 15 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves ⓘ | 11 | 16 | 25 | 29 | 28 | 38 | 63 | 107 | 110 | 115 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 16 | 16 | 1 | 26 | 17 | 3 | 3 | 0 | 1 | 0 |
| Long Term Debt | 0 | 0 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 16 | 16 | 1 | 20 | 17 | 3 | 3 | 0 | 1 | 0 |
| Trade Payables | 46 | 53 | 64 | 36 | 77 | 50 | 58 | 126 | 94 | 75 |
| Others Liabilities ⓘ | 3 | 7 | 6 | 10 | 16 | 10 | 20 | 15 | 11 | 10 |
| Total Liabilities ⓘ | 92 | 107 | 112 | 117 | 155 | 117 | 160 | 265 | 232 | 216 |
Fixed Assets | ||||||||||
| Gross Block | 33 | 34 | 35 | 41 | 43 | 43 | 48 | 55 | 56 | 64 |
| Accumulated Depreciation | 23 | 24 | 26 | 9 | 11 | 12 | 13 | 14 | 17 | 19 |
| Net Fixed Assetsⓘ | 10 | 10 | 10 | 32 | 32 | 31 | 35 | 40 | 40 | 45 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Investmentsⓘ | 15 | 22 | 24 | 5 | 5 | 5 | 18 | 24 | 15 | 24 |
| Inventories | 31 | 43 | 32 | 42 | 53 | 40 | 41 | 132 | 111 | 96 |
| Trade Receivables | 23 | 17 | 21 | 15 | 28 | 16 | 18 | 22 | 37 | 12 |
| Cash Equivalents | 9 | 12 | 23 | 8 | 19 | 14 | 21 | 37 | 22 | 31 |
| Others Assetsⓘ | 4 | 4 | 4 | 14 | 19 | 11 | 26 | 10 | 7 | 9 |
| Total Assets ⓘ | 92 | 107 | 112 | 117 | 155 | 117 | 160 | 265 | 232 | 216 |
| 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 ⓘ | -15 | 11 | 21 | -45 | 22 | 21 | 22 | 28 | -24 | 25 |
| PBT ⓘ | 2 | 7 | 11 | 4 | -3 | 13 | 41 | 50 | 4 | 5 |
| Adjustment ⓘ | 1 | 1 | -5 | -3 | 6 | 6 | -4 | 2 | 2 | 3 |
| Changes in Working Capital ⓘ | -18 | 3 | 19 | -44 | 15 | 5 | -11 | -6 | -23 | 18 |
| Tax Paid ⓘ | -1 | -1 | -4 | -2 | -1 | -2 | -4 | -17 | -7 | -1 |
| Cash Flow From Investing Activity ⓘ | -1 | -6 | -12 | 10 | -4 | 0 | -23 | -25 | 20 | -17 |
| Capex | -1 | 0 | -1 | -23 | -1 | -1 | -5 | -8 | -2 | -8 |
| Net Investments | 0 | -6 | -12 | 32 | -3 | 1 | -19 | -19 | 21 | -11 |
| Others ⓘ | 1 | 1 | 2 | 0 | 1 | 0 | 1 | 2 | 1 | 2 |
| Cash Flow From Financing Activityⓘ | 13 | -1 | -11 | 33 | -11 | -26 | 4 | -4 | -1 | -5 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 6 | -6 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -1 | -1 | -1 | -1 | -4 | -3 | -2 | -1 | -3 | -4 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 15 | 0 | -10 | 25 | -1 | -23 | 5 | -3 | 2 | -1 |
| Net Cash Flow ⓘ | -2 | 4 | -3 | -2 | 7 | -5 | 2 | 0 | -5 | 3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.36 | 17.41 | 19.66 | 2.21 | -0.91 | 19.9 | 37.68 | 41.67 | 1.8 | 3.14 |
| ROCE (%) | 10.11 | 18.31 | 26.84 | 8.69 | 8.61 | 25.52 | 61.04 | 49.58 | 5.39 | 7.33 |
| Asset Turnover Ratio | 5.93 | 5.83 | 6.41 | 3.03 | 5.11 | 5.58 | 6.72 | 6.34 | 4.98 | 4.56 |
| PAT to CFO Conversion(x) | -5 | 2.2 | 3 | -45 | N/A | 2.1 | 0.88 | 0.67 | -12 | 6.25 | Working Capital Days |
| Receivable Days | 14 | 12 | 10 | 19 | 11 | 11 | 7 | 5 | 9 | 9 |
| Inventory Days | 21 | 23 | 19 | 39 | 25 | 22 | 16 | 23 | 36 | 37 |
| Payable Days | 2 | 5 | 5 | 8 | 7 | 7 | 3 | 20 | 35 | 32 |
Ajanta Soya Limited (ASL) was incorporated on January 13, 1992 under companies Act, 1956. The Company is engaged in the primary business of manufacturing of Vanaspati and various kinds of cooking oil with applications products for bakery like biscuits, puffs, pastries and other applications.
The company is a leading manufacturer and marketer of Vanaspati, Cooking Oils and Bakery applications since two decades. The company has focused on continuous expansion, across business verticals to consolidate, and its industry leadership over the years. The company is promoted by well-established group having and proven track record in the fields of cooking oils.
It is now a company with a strong portfolio of brands viz. Druv, Anchal and Parv and enjoys reputed market share. It also offers its quality products as food ingredients to serve food manufacturers and food service industry.
The company has never let go of an opportunity to expand and modernise to keep up with the changing technologies & market trends. It has the most modern plant with State-Of-The-Art technology.
The plant has the facility to manufacture vanaspati, cooking oil & bakery shortening for puffs, biscuits, pastries and table margarines.
The plant is located in industrial town of Bhiwadi, Rajasthan & follows an environment friendly policy for operations. Strategically located 100 kms from Delhi (capital of India & one of the biggest markets), the plant caters to majority of locations in North India.
Business area of the company
The Company is engaged in the primary business of manufacturing of Vanaspati and various kinds of refined oil with shortening products for bakery like biscuits, puffs, pastries and other applications. It is a leading manufacturer and marketer of Vanaspati, Edible Oils and Bakery Application since two decades. The company has focused on continuous expansion, across business verticals to consolidate, and its industry leadership over the years.
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