BSE: 522273 | NSE: | Steel & Iron Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ahmedabad Steelcraft Ltd is a below average quality company.
The key valuation ratios of Ahmedabad Steelcraft 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 Ahmedabad Steelcraft 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'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.3% | -8.7% | 3.3% | 0.2% | 1% | 4.9% | -2.7% | -1.2% | -2.1% | -2.4% | - |
| Value Creation Index ⓘ | -0.5 | -1.6 | -0.8 | -1.0 | -0.9 | -0.7 | -1.2 | -1.1 | -1.2 | -1.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 11.8 | 2.5 | 3.2 | 4.2 | 8.7 | 10.3 | 7.1 | 1.9 | 0.7 | 2.2 | 0 |
| Sales YoY Gr. | - | -78.8% | 27.1% | 31% | 108.1% | 18.3% | -31.4% | -72.5% | -64.4% | 218.8% | - |
| Adj EPS ⓘ | 4.6 | -1.5 | 2 | -0.2 | 0.8 | 3.4 | -2.1 | -0.5 | -1.5 | -1.4 | -5.2 |
| YoY Gr. | - | -133.6% | NA | -108.3% | NA | 309.5% | -159.9% | NA | NA | NA | - |
| BVPS (₹) ⓘ | 67.2 | 60.5 | 61.9 | 62.7 | 62.7 | 65 | 60.7 | 62.5 | 62.2 | 61 | 56.5 |
| Adj Net Profit ⓘ | 1.9 | -0.6 | 0.8 | -0.1 | 0.3 | 1.4 | -0.8 | -0.2 | -0.6 | -0.6 | -2 |
| Cash Flow from Ops. ⓘ | 1.2 | 0.6 | -2.5 | 0.5 | -3.2 | -1.4 | -1.7 | -0.6 | -1.1 | -1.9 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -17.1% | -24% | -32.2% | 218.8% | ||||
| Adj EPS ⓘ | -187.5% | -210.4% | NA | NA | ||||
| BVPSⓘ | -1.1% | -0.6% | 0.2% | -1.9% | ||||
| Share Price | 23.8% | 94.2% | 168.2% | 1254.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.1 | -2.4 | 3.3 | -0.3 | 1.3 | 5.4 | -3.3 | -0.8 | -2.4 | -2.2 | -8.9 |
| Op. Profit Mgn % ⓘ | 1.4 | -48.2 | -27.5 | -28.8 | -9.4 | -8.6 | -21.1 | -60.3 | -171.5 | -53.5 | -1330.4 |
| Net Profit Mgn % ⓘ | 15.9 | -25.2 | 26.1 | -1.7 | 4 | 13.7 | -11.9 | -10.1 | -87.1 | -25.6 | -690 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 192 | 657 | 469 | 371 | 204 | 240 | 339 | 1,202 | 3,216 | 1,009 | 6,147 |
| Cash Conv. Cycle ⓘ | 12 | 17 | 50 | 70 | 65 | 75 | 98 | 325 | 729 | 279 | 5,752 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -32.20%
Sales growth is not so good in last 4 quarters at -88.04%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -5.2 | - |
| TTM Sales (₹ Cr.) | 0.3 | - |
| BVPS (₹.) ⓘ | 56.5 | - |
| Reserves (₹ Cr.) ⓘ | 19 | - |
| P/BV ⓘ | 5.67 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 22.50 / 391.00 |
| All Time Low / High (₹) | 2.05 / 391.00 |
| Market Cap (₹ Cr.) | 131 |
| Equity (₹ Cr.) | 4.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12 | 3 | 3 | 4 | 9 | 10 | 7 | 2 | 1 | 2 |
| Operating Expenses ⓘ | 12 | 6 | 4 | 5 | 10 | 11 | 9 | 3 | 2 | 4 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 9 | 2 | 2 | 3 | 8 | 9 | 6 | 2 | 0 | 2 |
| Employee Cost | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Costs ⓘ | 2 | 4 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| Operating Profit ⓘ | 0 | -4 | -1 | -1 | -1 | -1 | -2 | -1 | -1 | -1 |
| Operating Profit Margin (%) | 0.4% | -143.0% | -27.5% | -28.8% | -11.7% | -10.9% | -22.4% | -62.6% | -171.0% | -59.6% |
| Other Income ⓘ | 2 | 2 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | -2 | 1 | 0 | 0 | 1 | -1 | 0 | -1 | -1 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 2 | -2 | 1 | 0 | 0 | 1 | -1 | 0 | -1 | -1 |
| PAT Margin (%) | 15.3% | -89.1% | 26.4% | -0.3% | 2.3% | 12.1% | -12.9% | -11.7% | -87.0% | -29.9% |
| Adjusted EPS (₹) | 4.4 | -5.5 | 2.1 | 0.0 | 0.5 | 3.0 | -2.2 | -0.6 | -1.5 | -1.6 |
| Dividend Payout Ratio (%) | 23% | 0% | 36% | -1,650% | 100% | 16% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 28 | 25 | 25 | 26 | 26 | 27 | 25 | 26 | 25 | 25 |
| Share Capital ⓘ | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves ⓘ | 23 | 21 | 21 | 22 | 22 | 22 | 21 | 21 | 21 | 21 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others Liabilities ⓘ | 1 | 0 | 1 | 0 | 1 | 0 | 1 | 1 | 1 | 1 |
| Total Liabilities ⓘ | 28 | 25 | 26 | 26 | 27 | 27 | 26 | 26 | 26 | 26 |
Fixed Assets | ||||||||||
| Gross Block | 3 | 3 | 2 | 2 | 2 | 2 | 5 | 5 | 5 | 5 |
| Accumulated Depreciation | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net Fixed Assetsⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 4 | 4 | 4 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 17 | 18 | 18 | 19 | 17 | 16 | 13 | 15 | 15 | 14 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 2 |
| Cash Equivalents | 3 | 3 | 1 | 2 | 2 | 2 | 2 | 0 | 2 | 2 |
| Others Assetsⓘ | 6 | 3 | 4 | 3 | 4 | 5 | 4 | 5 | 4 | 4 |
| Total Assets ⓘ | 28 | 25 | 26 | 26 | 27 | 27 | 26 | 26 | 26 | 26 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 1 | -3 | 1 | -3 | -1 | -2 | -1 | -1 | -2 |
| PBT ⓘ | 2 | -2 | 1 | 0 | 0 | 1 | -1 | 0 | -1 | -1 |
| Adjustment ⓘ | -2 | 1 | -2 | -1 | -1 | -2 | -1 | -1 | -1 | 0 |
| Changes in Working Capital ⓘ | 1 | 1 | -2 | 1 | -2 | -0 | -0 | 0 | 0 | -1 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | 1 | 0 | 3 | 2 | 1 | 1 | 1 | 2 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | -3 | 0 | 0 | 0 |
| Net Investments | -2 | -1 | 0 | -1 | 2 | 1 | 1 | 0 | -1 | 1 |
| Others ⓘ | 2 | 0 | 2 | 1 | 1 | 2 | 3 | 1 | 2 | 1 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | -1 | -1 | 0 | 0 | 1 | -1 | 0 | 0 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.81 | -8.54 | 3.36 | -0.05 | 0.8 | 4.76 | -3.53 | -0.9 | -2.35 | -2.61 |
| ROCE (%) | 7.26 | -8.65 | 3.26 | 0.15 | 0.98 | 4.91 | -2.67 | -1.24 | -2.09 | -2.43 |
| Asset Turnover Ratio | 0.43 | 0.09 | 0.12 | 0.16 | 0.33 | 0.38 | 0.27 | 0.07 | 0.03 | 0.08 |
| PAT to CFO Conversion(x) | 0.5 | N/A | -3 | N/A | N/A | -1 | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 16 | 0 | 130 | 81 | 63 | 75 | 108 | 356 | 764 | 309 |
| Inventory Days | 0 | 0 | 6 | 5 | 5 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 4 | 22 | 32 | 23 | 4 | 4 | 13 | 56 | 215 | 53 |
Ahmedabad Steelcraft, incorporated in 1942, is a pioneer in the manufacturing of component parts of MS steel windows, doors and ventilator fabricated frames. It has a variety of sections to offer and can meet almost any requirement of the clients.
Over 50 types of sections are manufactured at company’s modern, well-equipped and sophisticated plant in Ahmedabad, manned by highly competent and technically qualified personnel. The company is situated in Odhav industrial area in the city of Ahmedabad, the largest city in the state of Gujarat.
In recognition of it’s outstanding export performance the Engineering Export Promotion Council of India (promoted by Government of India, Ministry of Commerce) awarded the EEPC Export Award to company for number of years.
The company exports sections to fabricators, contractors, builders, engineers for fabricating them into steel doors, windows and ventilators in the US, Canada, UK, Europe, Australia, New Zealand, South East Asia, Caribbean countries, Mauritius, Israel and Guyana.
Ahmedabad Steelcraft can manufacture any shape and profile -- both hot processed and bright bar drawn for engineering technologies like automobiles, railways, textile machinery parts, etc. These parts are developed as per specific orders.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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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