Past 10 year's financial track record analysis by Moneyworks4me indicates that Aspire & Innovative Advertising Ltd is a average quality company.
The key valuation ratios of Aspire & Innovative Advertising Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aspire & Innovative Advertising 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 57.1% | 75.9% | 42.6% | 36.6% | - |
| Value Creation Index ⓘ | 3.1 | 4.4 | 2.0 | 1.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 108 | 255 | 346 | 384 | 384 |
| Sales YoY Gr. | - | 136.2% | 35.4% | 11.1% | - |
| Adj EPS ⓘ | 2.2 | 3.9 | 4.7 | 8.3 | 6.1 |
| YoY Gr. | - | 71.9% | 23.1% | 75.7% | - |
| BVPS (₹) ⓘ | 5.2 | 9.2 | 14 | 22.3 | 30.8 |
| Adj Net Profit ⓘ | 2.3 | 4.3 | 5.3 | 9.3 | 9 |
| Cash Flow from Ops. ⓘ | -2.9 | 6.8 | -13.1 | -6.7 | - |
| Debt/CF from Ops. ⓘ | -0.2 | 0.2 | -0.7 | -1.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 52.6% | 11.1% | ||||
| Adj EPS ⓘ | NA | NA | 54.9% | 75.7% | ||||
| BVPSⓘ | NA | NA | 63% | 60% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 43.4 | 55.4 | 41 | 35.4 | 23.1 |
| Op. Profit Mgn % ⓘ | 3 | 2.6 | 2.2 | 3.3 | NAN |
| Net Profit Mgn % ⓘ | 2.1 | 1.7 | 1.5 | 2.4 | 2.4 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.6 | 0.5 | - |
| Working Cap Days ⓘ | 0 | 52 | 52 | 75 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 5 | -4 | 14 | 0 |
Sales growth is growing at healthy rate in last 3 years 52.57%
Net Profit is growing at healthy rate in last 3 years 54.93%
Return on Equity has declined versus last 3 years average to 23.10%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.1 | - |
| TTM Sales (₹ Cr.) | 384 | - |
| BVPS (₹.) ⓘ | 30.8 | - |
| Reserves (₹ Cr.) ⓘ | 32 | - |
| P/BV ⓘ | 1.58 | - |
| PE ⓘ | 7.95 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 74 |
| Equity (₹ Cr.) | 15.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 108.12 | 255.38 | 345.72 | 383.99 |
| Operating Expenses ⓘ | 104.86 | 248.73 | 338.32 | 371.18 |
| Manufacturing Costs | 3.45 | 7.42 | 10.25 | 12.17 |
| Material Costs | 73.77 | 168.15 | 232.70 | 229.84 |
| Employee Cost | 1.68 | 3.59 | 3.63 | 6.90 |
| Other Costs ⓘ | 25.96 | 69.56 | 91.74 | 122.27 |
| Operating Profit ⓘ | 3.26 | 6.65 | 7.40 | 12.81 |
| Operating Profit Margin (%) | 3.0% | 2.6% | 2.1% | 3.3% |
| Other Income ⓘ | 0.21 | 0.21 | 0.48 | 1.09 |
| Interest ⓘ | 0.09 | 0.35 | 0.39 | 0.90 |
| Depreciation ⓘ | 0.18 | 0.38 | 0.29 | 0.32 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3.21 | 6.13 | 7.20 | 12.68 |
| Tax ⓘ | 0.93 | 1.76 | 1.89 | 3.37 |
| Profit After Tax | 2.28 | 4.37 | 5.31 | 9.31 |
| PAT Margin (%) | 2.1% | 1.7% | 1.5% | 2.4% |
| Adjusted EPS (₹) | 2.3 | 3.9 | 4.8 | 8.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 5.21 | 10.20 | 15.51 | 24.82 | ||||||
| Share Capital ⓘ | 0.01 | 1.11 | 1.11 | 11.11 | ||||||
| Reserves ⓘ | 5.20 | 9.09 | 14.40 | 13.71 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 0.51 | 1.04 | 8.78 | 12.89 | ||||||
| Long Term Debt | 0.35 | 0.47 | 5.13 | 6.65 | ||||||
| Short Term Debt | 0.16 | 0.57 | 3.65 | 6.25 | ||||||
| Trade Payables | 22.38 | 36.09 | 33.08 | 44.99 | ||||||
| Others Liabilities ⓘ | 6.77 | 5.82 | 5.08 | 33.61 | ||||||
| Total Liabilities ⓘ | 34.86 | 53.17 | 62.44 | 116.32 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0.79 | 1.32 | 1.21 | 2.48 | ||||||
| Accumulated Depreciation | 0.24 | 0.60 | 0.79 | 1.11 | ||||||
| Net Fixed Assetsⓘ | 0.55 | 0.72 | 0.42 | 1.37 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0.01 | 2.09 | 0.29 | 0.24 | ||||||
| Inventories | 13.01 | 28.42 | 27.94 | 26.95 | ||||||
| Trade Receivables | 14.85 | 7.70 | 19.22 | 60.24 | ||||||
| Cash Equivalents | 3.17 | 8.58 | 5.03 | 12.79 | ||||||
| Others Assetsⓘ | 3.27 | 5.67 | 9.55 | 14.72 | ||||||
| Total Assets ⓘ | 34.86 | 53.17 | 62.44 | 116.32 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2.94 | 6.81 | -13.07 | -6.73 |
| PBT ⓘ | 3.21 | 6.13 | 7.20 | 12.68 |
| Adjustment ⓘ | 0.03 | 0.33 | -2.19 | -2.43 |
| Changes in Working Capital ⓘ | -5.65 | 2.56 | -16.17 | -13.93 |
| Tax Paid ⓘ | -0.53 | -2.21 | -1.91 | -3.05 |
| Cash Flow From Investing Activity ⓘ | 4.65 | -2.43 | 2.11 | -0.93 |
| Capex | -0.58 | -0.54 | -0.02 | -1.28 |
| Net Investments | 5.06 | -2.08 | 1.89 | 0.12 |
| Others ⓘ | 0.17 | 0.19 | 0.23 | 0.23 |
| Cash Flow From Financing Activityⓘ | 0.13 | 1.03 | 7.42 | 15.41 |
| Net Proceeds from Shares ⓘ | 0 | 0.62 | 0 | 12.05 |
| Net Proceeds from Borrowing ⓘ | 0.31 | 0.12 | 4.59 | 1.52 |
| Interest Paid ⓘ | -0.02 | -0.14 | -0.29 | -0.88 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.16 | 0.43 | 3.12 | 2.71 |
| Net Cash Flow ⓘ | 1.83 | 5.41 | -3.55 | 7.76 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 43.72 | 56.75 | 41.28 | 46.17 | ||||||
| ROCE (%) | 57.1 | 75.86 | 42.57 | 36.57 | ||||||
| Asset Turnover Ratio | 3.1 | 5.8 | 5.98 | 4.3 | ||||||
| PAT to CFO Conversion(x) | -1.29 | 1.56 | -2.46 | -0.72 | Working Capital Days | |||||
| Receivable Days | 50 | 16 | 14 | 38 | ||||||
| Inventory Days | 44 | 30 | 30 | 26 | ||||||
| Payable Days | 111 | 63 | 54 | 62 | ||||||
The company was originally incorporated as “Aspire & Innovative Advertising Private Limited” on July 31, 2017 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on December 04, 2023 the company was converted into a Public Limited Company and consequently the name of the company was changed from “Aspire & Innovative Advertising Private Limited” to “Aspire & Innovative Advertising Limited” vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated December 12, 2023 issued by the Registrar of Companies, Delhi.
Aspire & Innovative Advertising is engaged in the business of trading of wide range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and its accessories, solar products etc. of multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and many more. Its range of products are offered at different price points to meet diverse customer requirements across India along with delivery of products mainly in the rural and semi urban areas. It provides one platform that bring multiple brands under one umbrella so as to fulfil the requirements of the customer thus, improving their lifestyles.
The company started its business in 2017 with an objective of providing basic but advanced products to India’s rural and semi urban population along with product delivery up to customers’ doorstop, in rural and semi urban areas of the country with focus on un-banked and underbanked customer segments through partners working in this space. To achieve this objective, in addition to its sales team, it sells its product majorly through intermediaries i.e. Non - Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs) and there is no other trading platform for selling of products. It has entered into commercial arrangements with a large number of intermediaries like Non-Banking Financial Companies (NBFCs), Non-Banking Financial Companies (NBFCs)- Micro Finance Institutions (MFIs) along with Warehousing and Transportation facilities in 16 states in India.
The company operates an asset light business model, where its major expenditure is for payment of facilitation fees & commission to these intermediaries for their services which include services like marketing of its products to their existing customer base in rural and semi urban communities, allowing its field staff & trainers to interact with their customers, collation of expected demand and providing banking and financial services to them for buying its products. Based on such expected demand, it places orders with related product companies to deliver the required products at its different warehouses across various states of India. For the purpose of storing and then delivering the products to customers, it has warehousing and transporting facility in 16 states of India from where it delivers these products at doorsteps of customers, mostly in the rural and semi-urban areas.
Business area of the company
The company deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. They deal in products from renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others.
Key events
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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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