Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ind-Agiv Commerce Ltd is a below average quality company.
The key valuation ratios of Ind-Agiv Commerce 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 Ind-Agiv Commerce 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 % ⓘ | 5.2% | 29.5% | 14.7% | 12.4% | 9.8% | 15.3% | -2.8% | 19.1% | -10.4% | -7.5% | - |
| Value Creation Index ⓘ | -0.6 | 1.1 | 0.1 | -0.1 | -0.3 | 0.1 | -1.2 | 0.4 | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 4.5 | 6.4 | 6.6 | 8.8 | 11.8 | 11.3 | 8 | 5.3 | 12.3 | 8.2 | 12 |
| Sales YoY Gr. | - | 42% | 3.6% | 32.2% | 35.2% | -4.8% | -29% | -33.5% | 131.3% | -33.1% | - |
| Adj EPS ⓘ | 4.2 | 1.9 | 1.3 | 0.5 | 0.8 | 2 | -17.2 | 5.5 | -30 | -31.2 | -30.2 |
| YoY Gr. | - | -55.3% | -32.8% | -58.3% | 58.5% | 133.3% | -978.6% | NA | -648% | NA | - |
| BVPS (₹) ⓘ | 20.8 | 22.9 | 24.1 | 24.5 | 24 | 31.3 | 14.1 | 16.2 | -14 | -45.2 | -26.5 |
| Adj Net Profit ⓘ | 0.4 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | -1.7 | 0.6 | -3 | -3.1 | -3 |
| Cash Flow from Ops. ⓘ | 1.8 | -1.3 | -3.3 | -5 | -3 | 1.1 | -0.1 | -8.1 | 2.9 | -0.2 | - |
| Debt/CF from Ops. ⓘ | 0 | -0.6 | -1.2 | -1.7 | -3.9 | 8.8 | -183.7 | -0.6 | 3.7 | -45.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.9% | -7% | 1% | -33.1% | ||||
| Adj EPS ⓘ | -224.9% | -306.1% | NA | NA | ||||
| BVPSⓘ | -209% | -213.5% | -247.6% | NA | ||||
| Share Price | 10.3% | 13.8% | 42.2% | 71.5% | ||||
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 % ⓘ | 20.9 | 8.7 | 5.4 | 2.2 | 2.4 | 3.9 | -38 | 20.4 | -1510.8 | 108.7 | 84.2 |
| Op. Profit Mgn % ⓘ | -20.2 | -11 | 10.5 | 7.7 | 7.4 | 13.4 | -8.6 | -32.5 | -9.3 | -8.6 | -6.5 |
| Net Profit Mgn % ⓘ | 9.4 | 3 | 1.9 | 0.6 | 0.7 | 1.7 | -21.6 | 10.3 | -24.5 | -38 | -24.6 |
| Debt to Equity ⓘ | 0 | 0.4 | 1.7 | 3.5 | 4.8 | 3.2 | 7.2 | 2.8 | -7.7 | -2.3 | - |
| Working Cap Days ⓘ | 712 | 350 | 241 | 250 | 272 | 449 | 709 | 904 | 526 | 972 | 535 |
| Cash Conv. Cycle ⓘ | 304 | 152 | 103 | 146 | 182 | 294 | 512 | 685 | 254 | -92 | 117 |
Return on Equity has increased versus last 3 years average to 84.20%
Sales growth has been subdued in last 3 years 0.95%
Sales growth is not so good in last 4 quarters at 6.03%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -30.2 | -29 |
| TTM Sales (₹ Cr.) | 12.3 | 13.1 |
| BVPS (₹.) ⓘ | -26.5 | -29.8 |
| Reserves (₹ Cr.) ⓘ | -4 | -4 |
| P/BV ⓘ | -2.45 | -2.18 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 35.12 / 69.45 |
| All Time Low / High (₹) | 3.00 / 69.45 |
| Market Cap (₹ Cr.) | 6.5 |
| Equity (₹ Cr.) | 1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| 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 | 4.50 | 6.39 | 6.62 | 8.75 | 11.83 | 11.26 | 7.99 | 5.31 | 12.28 | 8.22 |
| Operating Expenses ⓘ | 5.86 | 7.09 | 5.92 | 8.07 | 10.96 | 9.76 | 8.67 | 7.05 | 13.44 | 8.92 |
| Manufacturing Costs | 0.06 | 0.07 | 0.12 | 0.21 | 0.27 | 0.10 | 0.17 | 0.11 | 0.23 | 0.01 |
| Material Costs | 4 | 4.72 | 3.38 | 4.95 | 7.38 | 5.85 | 5.08 | 3.99 | 9.72 | 6.35 |
| Employee Cost | 0.51 | 1 | 1.39 | 1.66 | 1.93 | 2.25 | 1.91 | 1.66 | 1.70 | 1.44 |
| Other Costs ⓘ | 1.29 | 1.29 | 1.02 | 1.25 | 1.39 | 1.55 | 1.51 | 1.28 | 1.79 | 1.12 |
| Operating Profit ⓘ | -1.36 | -0.70 | 0.70 | 0.68 | 0.87 | 1.50 | -0.69 | -1.75 | -1.16 | -0.71 |
| Operating Profit Margin (%) | -30.2% | -11.0% | 10.5% | 7.7% | 7.4% | 13.3% | -8.6% | -32.9% | -9.5% | -8.6% |
| Other Income ⓘ | 1.56 | 1.56 | 0.18 | 0.58 | 0.54 | 0.76 | 0.53 | 3.95 | 0.38 | 0.16 |
| Interest ⓘ | 0 | 0.47 | 0.43 | 0.74 | 0.99 | 1.77 | 1.41 | 1.03 | 2.27 | 2.75 |
| Depreciation ⓘ | 0.03 | 0.10 | 0.18 | 0.18 | 0.19 | 0.19 | 0.19 | 0.06 | 0.02 | 0.02 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.45 | 0 | 0 |
| Profit Before Tax ⓘ | 0.16 | 0.29 | 0.26 | 0.34 | 0.23 | 0.31 | -1.76 | 0.66 | -3.08 | -3.32 |
| Tax ⓘ | 0.06 | 0.10 | 0.14 | 0.17 | 0.10 | 0.10 | -0.04 | 0.45 | -0.06 | -0.20 |
| Profit After Tax | 0.11 | 0.20 | 0.13 | 0.17 | 0.13 | 0.20 | -1.72 | 0.21 | -3.02 | -3.12 |
| PAT Margin (%) | 2.4% | 3.1% | 1.9% | 2.0% | 1.1% | 1.8% | -21.5% | 4.0% | -24.6% | -38.0% |
| Adjusted EPS (₹) | 1.1 | 2.0 | 1.3 | 1.1 | 0.4 | 1.1 | -17.2 | 2.1 | -30.2 | -31.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 39% | 45% | 141% | 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 | 2.08 | 2.28 | 2.41 | 2.45 | 4.67 | 5.39 | 3.67 | 1.71 | -1.31 | -4.43 |
| Share Capital ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves ⓘ | 1.08 | 1.28 | 1.41 | 1.45 | 3.67 | 4.39 | 2.67 | 0.71 | -2.31 | -5.43 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0.80 | 4.01 | 8.57 | 11.56 | 10.04 | 10.17 | 4.47 | 10.78 | 10.26 |
| Long Term Debt | 0 | 0.80 | 4.01 | 2.23 | 2.34 | 1.97 | 2.72 | 1.97 | 8.17 | 7.02 |
| Short Term Debt | 0 | 0 | 0 | 6.34 | 9.23 | 8.07 | 7.45 | 2.50 | 2.61 | 3.24 |
| Trade Payables | 0.04 | 1.40 | 0.68 | 0.27 | 0.21 | 2 | 1.23 | 1.14 | 6.53 | 7.01 |
| Others Liabilities ⓘ | 12.88 | 5.66 | 3.91 | 1.18 | 1.48 | 7.54 | 6.40 | 8.11 | 10.88 | 17.24 |
| Total Liabilities ⓘ | 15 | 10.14 | 11.01 | 12.47 | 17.92 | 24.97 | 21.47 | 15.44 | 26.89 | 30.08 |
Fixed Assets | ||||||||||
| Gross Block | 0.59 | 4.53 | 4.82 | 4.93 | 7.16 | 7.18 | 7.22 | 0.42 | 0.43 | 6.11 |
| Accumulated Depreciation | 0.19 | 0.24 | 0.41 | 0.59 | 0.78 | 0.98 | 1.17 | 0.38 | 0.41 | 0.43 |
| Net Fixed Assetsⓘ | 0.40 | 4.30 | 4.41 | 4.34 | 6.38 | 6.20 | 6.05 | 0.04 | 0.03 | 5.68 |
| CWIP ⓘ | 2.77 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.47 | 1.22 | 0.57 | 0.57 | 0.66 | 0.66 | 0.66 | 0.66 | 0.66 | 0.66 |
| Inventories | 2.85 | 0.94 | 2.25 | 2.77 | 4.74 | 9.61 | 7.34 | 6.87 | 6.86 | 2.10 |
| Trade Receivables | 1.23 | 1.80 | 1.26 | 1.68 | 3.05 | 3.50 | 4.61 | 3.11 | 8.17 | 9.94 |
| Cash Equivalents | 2.95 | 0.81 | 1.10 | 0.48 | 0.34 | 0.96 | 0.86 | 2.34 | 3.21 | 2.94 |
| Others Assetsⓘ | 4.33 | 1.08 | 1.43 | 2.62 | 2.75 | 4.03 | 1.95 | 2.42 | 7.96 | 8.74 |
| Total Assets ⓘ | 15 | 10.14 | 11.01 | 12.47 | 17.92 | 24.97 | 21.47 | 15.44 | 26.89 | 30.08 |
| 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 ⓘ | 1.82 | -1.34 | -3.29 | -5.03 | -2.99 | 1.14 | -0.06 | -8.06 | 2.88 | -0.23 |
| PBT ⓘ | 0.16 | 0.29 | 0.26 | 0.34 | 0.23 | 0.31 | -1.76 | 0.21 | -3.02 | -3.12 |
| Adjustment ⓘ | 0 | 0.05 | 0.15 | 0.14 | 0.11 | 0.14 | 0.14 | -3.89 | 2.14 | -0.14 |
| Changes in Working Capital ⓘ | 1.66 | -1.66 | -3.7 | -5.47 | -3.32 | 0.69 | 1.56 | -4.39 | 3.76 | 3.03 |
| Tax Paid ⓘ | -0.01 | -0.02 | 0 | -0.04 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.12 | -1.60 | -0.26 | -0.02 | 0.03 | 0.03 | 0 | 7.72 | 0.11 | 0.15 |
| Capex | -0.18 | -1.20 | -0.29 | -0.06 | -0.05 | -0.02 | -0.04 | 7.62 | -0.01 | -0.01 |
| Net Investments | 0 | -0.26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.05 | -0.14 | 0.03 | 0.04 | 0.08 | 0.05 | 0.05 | 0.10 | 0.12 | 0.16 |
| Cash Flow From Financing Activityⓘ | -2.44 | 0.80 | 3.84 | 4.43 | 2.82 | -1.03 | 0 | 0 | -2.24 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | -0.83 | 0.11 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.24 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | -0.14 | -0.18 | -0.18 | 0 | 0 | 0 | 0 |
| Others ⓘ | -2.44 | 0.80 | 3.84 | 5.39 | 2.88 | -0.85 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0.75 | -2.14 | 0.28 | -0.62 | -0.14 | 0.14 | -0.05 | -0.34 | 0.76 | -0.08 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.36 | 9 | 5.43 | 7.21 | 5.5 | 7.33 | -75.86 | 14.16 | N/A | N/A |
| ROCE (%) | 5.19 | 29.48 | 14.66 | 12.41 | 9.77 | 15.27 | -2.82 | 19.1 | N/A | N/A |
| Asset Turnover Ratio | 0.29 | 0.51 | 0.63 | 0.75 | 0.78 | 0.53 | 0.34 | 0.29 | 0.58 | 0.29 |
| PAT to CFO Conversion(x) | 16.55 | -6.7 | -25.31 | -29.59 | -23 | 5.7 | N/A | -38.38 | N/A | N/A | Working Capital Days |
| Receivable Days | 140 | 87 | 84 | 61 | 73 | 106 | 185 | 265 | 168 | 402 |
| Inventory Days | 257 | 108 | 88 | 105 | 116 | 233 | 387 | 489 | 204 | 199 |
| Payable Days | 94 | 55 | 112 | 35 | 12 | 69 | 116 | 108 | 144 | 389 |
Ind Agiv Commerce was incorporated in the year 1986, promoted by S.C Oberoi and Sanjiv Khobrekar. The company has been engaged in the business of trading in broadcast equipments and selling paints. Earlier known as Electro-Mech (India), it got its present name with effect from Jan. 06, 2004.
It is India's only Total Paints Solutions company and the No 1 Spray Paint Company. The company enjoys nearly 90% of Market share in Spray Paints.
Ind Agiv has all India Sales network in Place having own offices in Mumbai, Bangalore Delhi, Chandigarh, Chennai and Kolkatta new offices at other metropolitan cities shortly.
It has 600 active dealers and 42 distributors across India. Our motto is offering international brands at Indian prices, The products are user & environment friendly. Stocks are Sufficient for on demand delivery.
Delivery can be affected anywhere In the country in very short time.
Trading in brands procured from global leaders, the company has joined hands with companies like Canon, Ikegami, FOR-A, Ultimate, IDX, Tiffen, Kramer, Panther, Echolab, Kata, and Crystal Vision to name a few. It has a well established marketing network with regional offices in Bangalore and Delhi. In FY07, no major business activity was carried out. The Bangalore branch switched over to selling paints.
Product range of the company includes:
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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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