Past 10 year’s financial track record analysis by Moneyworks4me indicates that AVI Products India Ltd is a below average quality company.
The key valuation ratios of AVI Products India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of AVI Products India 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 % ⓘ | 48.4% | 28.7% | -28% | 10.7% | 9.1% | 10.1% | 6.2% | 6.4% | 7.1% | 5.8% | - |
| Value Creation Index ⓘ | 2.5 | 1.1 | -3.0 | -0.2 | -0.4 | -0.3 | -0.6 | -0.6 | -0.5 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1.8 | 1.8 | 2.1 | 3.6 | 3.4 | 4.1 | 2.4 | 3.3 | 3.6 | 4.9 | 4 |
| Sales YoY Gr. | - | -0.6% | 16.3% | 73.9% | -4.7% | 19.5% | -42% | 40.3% | 8.1% | 34.4% | - |
| Adj EPS ⓘ | 3.7 | 2.6 | -3.9 | 1.1 | 1.3 | 1.2 | 0.7 | 0.5 | 0.8 | 0.8 | 0.5 |
| YoY Gr. | - | -28.5% | -247.9% | NA | 20.4% | -8.5% | -39.5% | -37.5% | 77.8% | -6.3% | - |
| BVPS (₹) ⓘ | 12.7 | 15.3 | 11.4 | 12.5 | 13.5 | 14.6 | 15.2 | 16.8 | 17.6 | 21.3 | 21.5 |
| Adj Net Profit ⓘ | 0.4 | 0.3 | -0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0 |
| Cash Flow from Ops. ⓘ | 0.3 | 0.3 | 0 | 0.1 | -0.3 | 0.3 | -0.2 | 0.1 | -0.6 | 0.3 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | -1.2 | 0.7 | -3.6 | 0.2 | -0 | 0.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.7% | 7.2% | 26.8% | 34.4% | ||||
| Adj EPS ⓘ | -16.1% | -10.4% | 1.4% | -6.3% | ||||
| BVPSⓘ | 6% | 9.6% | 12% | 21.1% | ||||
| Share Price | 5.5% | 5% | -13.3% | -22% | ||||
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 % ⓘ | 33.7 | 18.7 | -28.9 | 9.1 | 10 | 8.5 | 4.8 | 3.9 | 4.6 | 4.3 | 2.3 |
| Op. Profit Mgn % ⓘ | 28.8 | 19.7 | -22.7 | 5.2 | 6.8 | 4.5 | 1.1 | 6.5 | 8.2 | 5.6 | 3.9 |
| Net Profit Mgn % ⓘ | 21.3 | 15.3 | -19.4 | 3.1 | 4 | 3 | 3.1 | 3.5 | 5.7 | 5.1 | 3.7 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0.2 | 0.1 | 0.3 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 279 | 295 | 204 | 127 | 185 | 174 | 312 | 234 | 243 | 228 | 312 |
| Cash Conv. Cycle ⓘ | 44 | 11 | 77 | 59 | 100 | 111 | 237 | 195 | 192 | 163 | 258 |
Sales growth is growing at healthy rate in last 3 years 26.78%
Sales growth is good in last 4 quarters at 12.27%
Return on Equity has declined versus last 3 years average to 2.30%
Net Profit has been subdued in last 3 years 1.37%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.5 | - |
| TTM Sales (₹ Cr.) | 4.4 | - |
| BVPS (₹.) ⓘ | 21.5 | - |
| Reserves (₹ Cr.) ⓘ | 4 | - |
| P/BV ⓘ | 1.19 | - |
| PE ⓘ | 52.21 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 18.25 / 34.47 |
| All Time Low / High (₹) | 0.10 / 83.50 |
| Market Cap (₹ Cr.) | 8.5 |
| Equity (₹ Cr.) | 3.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 62.3 |
| 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 | 1.79 | 1.78 | 2.07 | 3.60 | 3.43 | 4.10 | 2.38 | 3.34 | 3.61 | 4.85 |
| Operating Expenses ⓘ | 1.27 | 1.43 | 2.54 | 3.41 | 3.25 | 3.92 | 2.38 | 3.12 | 3.32 | 4.58 |
| Manufacturing Costs | 0.02 | 0 | 0.02 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.04 | 0.04 |
| Material Costs | 0.60 | 0.76 | 1.51 | 2.40 | 2.02 | 2.80 | 1.61 | 2.07 | 2.18 | 3.16 |
| Employee Cost | 0.08 | 0.14 | 0.33 | 0.23 | 0.25 | 0.20 | 0.13 | 0.16 | 0.23 | 0.32 |
| Other Costs ⓘ | 0.58 | 0.53 | 0.68 | 0.75 | 0.95 | 0.89 | 0.62 | 0.87 | 0.86 | 1.05 |
| Operating Profit ⓘ | 0.52 | 0.35 | -0.47 | 0.19 | 0.18 | 0.18 | 0 | 0.22 | 0.30 | 0.27 |
| Operating Profit Margin (%) | 28.8% | 19.7% | -22.7% | 5.2% | 5.3% | 4.4% | 0.0% | 6.4% | 8.2% | 5.6% |
| Other Income ⓘ | 0.04 | 0.09 | 0.13 | 0 | 0.01 | 0.06 | 0.17 | 0.03 | 0.08 | 0.21 |
| Interest ⓘ | 0 | 0.02 | 0.01 | 0.01 | 0.01 | 0.03 | 0.05 | 0.05 | 0.04 | 0.01 |
| Depreciation ⓘ | 0.01 | 0.03 | 0.05 | 0.06 | 0.05 | 0.06 | 0.05 | 0.04 | 0.06 | 0.14 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.55 | 0.40 | -0.40 | 0.13 | 0.12 | 0.15 | 0.07 | 0.16 | 0.27 | 0.33 |
| Tax ⓘ | 0.17 | 0.13 | 0 | 0.01 | 0.02 | 0.02 | 0.01 | 0.04 | 0.07 | 0.07 |
| Profit After Tax | 0.38 | 0.27 | -0.40 | 0.11 | 0.10 | 0.12 | 0.06 | 0.12 | 0.21 | 0.25 |
| PAT Margin (%) | 21.3% | 15.3% | -19.4% | 3.1% | 2.9% | 3.0% | 2.4% | 3.5% | 5.7% | 5.3% |
| Adjusted EPS (₹) | 3.7 | 2.6 | -3.9 | 1.1 | 1.0 | 1.2 | 0.6 | 0.5 | 0.8 | 0.8 |
| 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 | 1.32 | 1.59 | 1.19 | 1.30 | 1.40 | 1.53 | 1.58 | 4.34 | 4.55 | 7.04 |
| Share Capital ⓘ | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 | 2.58 | 2.58 | 3.31 |
| Reserves ⓘ | 0.28 | 0.55 | 0.15 | 0.26 | 0.36 | 0.48 | 0.54 | 1.76 | 1.96 | 3.74 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0.33 | 0.20 | 0.52 | 0.02 | 0.01 | 0.26 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0.33 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0.20 | 0.52 | 0.02 | 0.01 | 0.26 |
| Trade Payables | 0.16 | 0.12 | 0.24 | 0.44 | 0.37 | 0.29 | 0.18 | 0.15 | 0.08 | 0.62 |
| Others Liabilities ⓘ | 0.53 | 0.16 | 0.10 | 0.22 | 0.32 | 0.35 | 0.38 | 0.29 | 0.09 | 0.19 |
| Total Liabilities ⓘ | 2.01 | 1.87 | 1.53 | 1.96 | 2.43 | 2.37 | 2.67 | 4.79 | 4.73 | 8.11 |
Fixed Assets | ||||||||||
| Gross Block | 0.08 | 0.21 | 0.51 | 0.51 | 0.51 | 0.56 | 0.65 | 0.77 | 0.96 | 1.95 |
| Accumulated Depreciation | 0.01 | 0.03 | 0.09 | 0.14 | 0.18 | 0.24 | 0.28 | 0.32 | 0.37 | 0.51 |
| Net Fixed Assetsⓘ | 0.07 | 0.17 | 0.42 | 0.37 | 0.33 | 0.31 | 0.37 | 0.45 | 0.58 | 1.44 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 0.20 | 0.21 | 0.58 | 0.84 | 1.12 | 1.11 | 1.55 | 1.56 | 1.69 | 2.18 |
| Trade Receivables | 0.07 | 0.13 | 0.25 | 0.26 | 0.65 | 0.43 | 0.45 | 0.41 | 0.42 | 0.80 |
Cash Equivalents  ⓘ
| 0.35 | 0.41 | 0.07 | 0.11 | 0.09 | 0.15 | 0.14 | 2.24 | 1.43 | 3.33 |
| Others Assetsⓘ | 1.32 | 0.94 | 0.20 | 0.38 | 0.24 | 0.37 | 0.15 | 0.14 | 0.60 | 0.36 |
| Total Assets ⓘ | 2.01 | 1.87 | 1.53 | 1.96 | 2.43 | 2.37 | 2.67 | 4.79 | 4.73 | 8.11 |
| 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 ⓘ | 0.33 | 0.32 | -0.04 | 0.05 | -0.28 | 0.31 | -0.15 | 0.10 | -0.64 | 0.31 |
| PBT ⓘ | 0.55 | 0.40 | -0.40 | 0.13 | 0.12 | 0.15 | 0.07 | 0.16 | 0.27 | 0.33 |
| Adjustment ⓘ | 0.04 | 0.03 | 0.05 | 0.06 | 0.11 | 0.15 | 0 | 0.02 | 0.03 | 0.07 |
| Changes in Working Capital ⓘ | -0.2 | -0.11 | 0.31 | -0.14 | -0.51 | 0.01 | -0.21 | -0.11 | -0.92 | -0.02 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -0.01 | 0.04 | -0.03 | -0.07 |
| Cash Flow From Investing Activity ⓘ | -0.26 | -0.25 | -0.31 | 0 | -0.05 | -0.11 | -0.13 | -0.09 | -0.13 | -0.90 |
| Capex | 0 | -0.12 | -0.31 | 0 | -0.06 | -0.05 | -0.13 | -0.12 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.20 | -1 |
| Others ⓘ | -0.26 | -0.13 | 0 | 0 | 0.01 | -0.06 | 0 | 0.03 | 0.07 | 0.10 |
| Cash Flow From Financing Activityⓘ | -0.08 | 0 | 0 | 0 | 0.31 | -0.15 | 0.26 | 2.09 | -0.06 | 2.48 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.70 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0.33 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | -0.01 | -0.12 | -0.05 | -0.05 | -0.04 | -0.01 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.08 | 0 | 0 | 0 | 0 | -0.03 | 0.31 | -0.56 | -0.01 | 2.50 |
| Net Cash Flow ⓘ | -0.02 | 0.06 | -0.34 | 0.04 | -0.02 | 0.05 | -0.01 | 2.10 | -0.82 | 1.90 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 33.72 | 18.67 | -28.94 | 9.1 | 7.38 | 8.38 | 3.66 | 3.91 | 4.63 | 4.4 |
| ROCE (%) | 48.42 | 28.7 | -28.04 | 10.72 | 9.13 | 10.13 | 6.19 | 6.35 | 7.09 | 5.75 |
| Asset Turnover Ratio | 1.01 | 0.92 | 1.22 | 2.06 | 1.57 | 1.71 | 0.95 | 0.89 | 0.76 | 0.76 |
| PAT to CFO Conversion(x) | 0.87 | 1.19 | N/A | 0.45 | -2.8 | 2.58 | -2.5 | 0.83 | -3.05 | 1.24 | Working Capital Days |
| Receivable Days | 71 | 21 | 34 | 26 | 48 | 48 | 68 | 47 | 42 | 46 |
| Inventory Days | 34 | 42 | 70 | 72 | 104 | 99 | 204 | 170 | 164 | 146 |
| Payable Days | 101 | 67 | 43 | 52 | 73 | 43 | 54 | 29 | 19 | 40 |
AVI Photochem was incorporated on March 7, 1992. The company has a marketing arrangement Allied Photographic, whereby the goods supplied will labeled -- manufactured by AVI Photochem and Marketed by Allied Photographic.
In November 1992, the company came out with a maiden public issue by issuing 24,00,000 equity shares to the public & another 8,00,000 equity shares reserved for promoters. The issue was made for expansion & backward integration & to increase the aggregate capacity to 1800 TPA. The registered office of the company is located at B-14, Lote Parsuram Industrial Area, MIDC Ratnagiri in Maharashtra.
Business area of the company
The company is a leading manufacturer of all kinds of chemicals such as benzotriazole, ammonium bromide, benzimidazole, diethylenetriaminepentaacetic acid and pentasodium salt.
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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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