Past 10 year’s financial track record analysis by Moneyworks4me indicates that Alok Industries Ltd is a below average quality company.
The key valuation ratios of Alok Industries 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 Alok Industries 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 % ⓘ | 18.2% | -15.5% | -8.8% | -70.9% | 58% | 9.1% | -33.1% | 4.3% | -6.5% | -4% | - |
| Value Creation Index ⓘ | 0.3 | -2.1 | -1.6 | NA | 3.2 | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 14,754 | 11,749 | 8,130 | 5,334 | 3,129 | 3,166 | 3,770 | 7,210 | 6,796 | 5,356 | 4,474 |
| Sales YoY Gr. | - | -20.4% | -30.8% | -34.4% | -41.3% | 1.2% | 19.1% | 91.3% | -5.8% | -21.2% | - |
| Adj EPS ⓘ | 1.6 | -28.7 | -24.2 | -132.5 | 16.6 | -1 | -7.1 | -0.4 | -1.8 | -1.6 | -1.8 |
| YoY Gr. | - | -1941.7% | NA | NA | NA | -105.9% | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 26.2 | 47.4 | 22.1 | -111.1 | -94.4 | -48.4 | -32.8 | -33.1 | -34.9 | -36.5 | -37.5 |
| Adj Net Profit ⓘ | 215 | -3,957 | -3,328 | -18,252 | 2,288 | -216 | -3,526 | -203 | -893 | -815 | -879 |
| Cash Flow from Ops. ⓘ | 2,249 | -2,518 | -98.1 | -128 | 39.4 | -172 | 321 | 216 | 784 | -1,155 | - |
| Debt/CF from Ops. ⓘ | 4.6 | -8 | -246.2 | -204.3 | 611.7 | -162.9 | 71.3 | 106.5 | 28.9 | -21.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -10.7% | 11.4% | 12.4% | -21.2% | ||||
| Adj EPS ⓘ | -200.6% | -162.9% | NA | NA | ||||
| BVPSⓘ | -203.8% | NA | NA | NA | ||||
| Share Price | 5.9% | 49.6% | -3% | -2.5% | ||||
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 % ⓘ | 6.2 | -66.8 | -70.6 | 299.1 | -16.3 | 1.8 | 26.2 | 1.2 | 5.3 | 4.6 | 4.8 |
| Op. Profit Mgn % ⓘ | 22.8 | -21.4 | -21.5 | -245.2 | -6 | -9.4 | -9.6 | 7.9 | -1 | 1.3 | 0 |
| Net Profit Mgn % ⓘ | 1.5 | -33.7 | -40.9 | -342.2 | 73.1 | -6.8 | -93.5 | -2.8 | -13.1 | -15.2 | -19.6 |
| Debt to Equity ⓘ | 2.8 | 3.1 | 8.1 | -1.7 | -1.9 | -2.6 | -1.4 | -1.4 | -1.3 | -1.4 | - |
| Working Cap Days ⓘ | 284 | 551 | 680 | 573 | 209 | 197 | 164 | 102 | 111 | 129 | 62 |
| Cash Conv. Cycle ⓘ | 196 | 423 | 558 | 424 | -2 | 7 | 14 | 13 | 9 | 22 | 29 |
Return on Equity has increased versus last 3 years average to 4.80%
Sales growth is growing at healthy rate in last 3 years 12.42%
Sales growth is not so good in last 4 quarters at -24.42%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.8 | -1.8 |
| TTM Sales (₹ Cr.) | 4,474 | 4,614 |
| BVPS (₹.) ⓘ | -37.5 | -40.8 |
| Reserves (₹ Cr.) ⓘ | -19,089 | -20,741 |
| P/BV ⓘ | -0.55 | -0.50 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 19.50 / 39.24 |
| All Time Low / High (₹) | 1.36 / 120.29 |
| Market Cap (₹ Cr.) | 10,214 |
| Equity (₹ Cr.) | 496.5 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 26.9 |
| 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 | 22,131 | 11,749 | 8,130 | 5,334 | 3,129 | 3,166 | 3,770 | 7,210 | 6,796 | 5,356 |
| Operating Expenses ⓘ | 17,085 | 14,621 | 10,137 | 18,435 | 3,326 | 3,473 | 4,224 | 6,639 | 6,864 | 5,290 |
| Manufacturing Costs | 1,141 | 641 | 682 | 689 | 706 | 771 | 912 | 1,399 | 1,429 | 1,067 |
| Material Costs | 14,663 | 9,687 | 7,552 | 5,163 | 2,151 | 2,074 | 1,984 | 4,540 | 4,740 | 3,586 |
| Employee Cost | 413 | 257 | 283 | 276 | 253 | 257 | 307 | 395 | 431 | 413 |
| Other Costs ⓘ | 869 | 4,037 | 1,620 | 12,307 | 216 | 371 | 1,020 | 305 | 263 | 224 |
| Operating Profit ⓘ | 5,046 | -2,873 | -2,008 | -13,101 | -197 | -307 | -454 | 571 | -68 | 66 |
| Operating Profit Margin (%) | 22.8% | -24.5% | -24.7% | -245.0% | -6.3% | -9.7% | -12.1% | 7.9% | -1.0% | 1.2% |
| Other Income ⓘ | 225 | 234 | 168 | 106 | 125 | 85 | 22 | 40 | 38 | 19 |
| Interest ⓘ | 3,251 | 2,705 | 3,274 | 4,683 | 4,158 | 79 | 473 | 463 | 488 | 582 |
| Depreciation ⓘ | 1,461 | 1,016 | 513 | 528 | 533 | 529 | 285 | 333 | 356 | 317 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 7,045 | 2,053 | -3,241 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 558 | -6,360 | -5,626 | -18,206 | 2,281 | 1,222 | -4,432 | -184 | -875 | -814 |
| Tax ⓘ | 209 | -2,154 | -2,124 | 11 | -1 | -1 | 1,423 | 0 | 0 | 0 |
| Profit After Tax | 349 | -4,206 | -3,502 | -18,217 | 2,282 | 1,223 | -5,855 | -184 | -875 | -814 |
| PAT Margin (%) | 1.6% | -35.8% | -43.1% | -341.0% | 72.9% | 38.6% | -155.0% | -2.6% | -12.9% | -15.2% |
| Adjusted EPS (₹) | 2.5 | -31.0 | -25.8 | -133.0 | 16.7 | 5.5 | -11.8 | -0.4 | -1.8 | -1.6 |
| 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 | 5,416 | 6,430 | 2,996 | -15,199 | -12,922 | -10,689 | -16,265 | -16,450 | -17,321 | -18,135 |
| Share Capital ⓘ | 1,377 | 1,358 | 1,358 | 1,369 | 1,369 | 233 | 509 | 497 | 497 | 497 |
| Reserves ⓘ | 4,038 | 5,072 | 1,638 | -16,568 | -14,291 | -10,922 | -16,774 | -16,947 | -17,817 | -18,631 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 13,651 | 18,638 | 22,346 | 24,269 | 22,815 | 28,031 | 22,847 | 22,642 | 22,079 | 24,514 |
| Long Term Debt | 7,224 | 7,998 | 8,956 | 7,123 | 5,871 | 28,031 | 22,737 | 22,408 | 21,810 | 24,371 |
| Short Term Debt | 6,428 | 10,640 | 13,390 | 17,146 | 16,945 | 0 | 111 | 234 | 270 | 143 |
| Trade Payables | 3,380 | 1,024 | 1,045 | 786 | 763 | 352 | 984 | 1,197 | 1,492 | 363 |
| Others Liabilities ⓘ | 6,905 | 6,601 | 4,552 | 7,300 | 5,817 | -1,314 | 174 | 545 | 909 | 393 |
| Total Liabilities ⓘ | 29,352 | 32,692 | 30,939 | 17,156 | 16,473 | 16,379 | 7,739 | 7,935 | 7,160 | 7,136 |
Fixed Assets | ||||||||||
| Gross Block | 13,507 | 17,362 | 17,153 | 17,146 | 17,180 | 17,174 | 17,381 | 17,495 | 17,515 | 17,519 |
| Accumulated Depreciation | 5,186 | 1,016 | 1,516 | 2,020 | 2,553 | 3,077 | 3,360 | 3,692 | 4,023 | 4,332 |
| Net Fixed Assetsⓘ | 8,321 | 16,347 | 15,637 | 15,126 | 14,627 | 14,097 | 14,021 | 13,804 | 13,493 | 13,187 |
| CWIP ⓘ | 56 | 14 | 0 | 0 | 0 | 0 | 11 | 6 | 12 | 17 |
| Investmentsⓘ | 351 | 193 | 110 | 92 | 92 | 92 | 0 | 0 | 0 | 0 |
| Inventories | 8,285 | 8,054 | 3,211 | 360 | 326 | 335 | 885 | 1,183 | 939 | 859 |
| Trade Receivables | 7,532 | 5,921 | 9,940 | 207 | 162 | 163 | 280 | 462 | 294 | 425 |
| Cash Equivalents | 635 | 138 | 80 | 44 | 25 | 470 | 248 | 40 | 40 | 199 |
| Others Assetsⓘ | 4,174 | 2,026 | 1,961 | 1,326 | 1,241 | 1,222 | -7,706 | -7,561 | -7,618 | -7,551 |
| Total Assets ⓘ | 29,352 | 32,692 | 30,939 | 17,156 | 16,473 | 16,379 | 7,739 | 7,935 | 7,160 | 7,136 |
| 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 ⓘ | 3,374 | -2,518 | -98 | -128 | 39 | -172 | 321 | 216 | 784 | -1,155 |
| PBT ⓘ | 558 | -6,360 | -5,626 | -18,206 | 2,281 | 1,222 | -4,432 | -184 | -875 | -814 |
| Adjustment ⓘ | 4,057 | 6,678 | 4,989 | 17,268 | -2,322 | -1,315 | 4,823 | 796 | 857 | 908 |
| Changes in Working Capital ⓘ | -1133 | -2829 | 542 | 813 | 84 | -78 | -67 | -391 | 808 | -1246 |
| Tax Paid ⓘ | -109 | -7 | -3 | -3 | -4 | -2 | -4 | -6 | -6 | -3 |
| Cash Flow From Investing Activity ⓘ | -736 | 79 | -100 | 194 | 52 | 36 | -195 | -63 | -31 | -178 |
| Capex | -143 | -14 | 39 | 72 | 0 | -1 | -217 | -103 | -30 | -35 |
| Net Investments | -607 | 408 | -148 | 113 | 45 | 29 | 14 | 38 | -3 | -151 |
| Others ⓘ | 14 | -315 | 9 | 10 | 7 | 9 | 8 | 2 | 2 | 8 |
| Cash Flow From Financing Activityⓘ | -3,274 | 2,365 | 252 | -107 | -108 | 504 | -333 | -324 | -758 | 1,340 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 250 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -335 | -1,352 |
| Interest Paid ⓘ | -2,699 | -1,464 | -355 | -495 | -95 | -86 | -444 | -446 | -457 | -476 |
| Dividend Paid ⓘ | -40 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -535 | 3,829 | 607 | 388 | -12 | 340 | 111 | 123 | 34 | 3,168 |
| Net Cash Flow ⓘ | -636 | -75 | 54 | -41 | -16 | 368 | -207 | -171 | -4 | 7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.64 | -71.01 | -74.32 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | 18.19 | -15.46 | -8.77 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.82 | 0.38 | 0.26 | 0.22 | 0.19 | 0.19 | 0.32 | 0.93 | 0.91 | 0.76 |
| PAT to CFO Conversion(x) | 9.67 | N/A | N/A | N/A | 0.02 | -0.14 | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 102 | 206 | 347 | 343 | 21 | 19 | 21 | 19 | 20 | 24 |
| Inventory Days | 114 | 250 | 247 | 121 | 40 | 38 | 58 | 52 | 56 | 61 |
| Payable Days | 25 | 40 | 43 | 51 | 109 | 88 | 123 | 88 | 104 | 94 |
Alok Industries (AIL) was set up in the year 1986. AIL is engaged in business of yarn, weaving, knitting, processing, home textiles, apparel fabrics, garments and readymade garments.Alok was established in 1986 with its first polyester texturising plant being set up in 1989. It became a public limited company in 1993. Over the years, it has expanded into weaving, knitting, processing, home textiles and garments. And to ensure quality and cost efficiencies it has integrated backward into cotton spinning and manufacturing partially oriented yarn through the continuous polymerisation route. It also provide embroidered products through Grabal Alok Impex Ltd., its associate company.
It has evolved into a diversified manufacturer of world-class home textiles, garments, apparel fabrics and polyester yarns, selling directly to manufacturers, exporters, importers, retailers and to some of the world’s top brands.
Alok has a strong foothold in the domestic retail segment through a wholly owned subsidiary, Alok H&A Limited, under the cash & carry model that offer garments and home textiles at attractive price points.
Alok also has an international presence in the retail segment through its associate concern, Grabal Alok (UK) Limited. This entity owns more than 200 outlets across England, Scotland and Whales vending value for money ranges for menswear, womenswear, childrenwear, footwear, homeware and accessories.
In 1989 the company set up manufacturing facilities for texturising at Silvassa. Later in 1991 it started weaving operation at Bhiwandi, District Thane. AIL expanded its weaving capacity (50 Cimmco Looms) at Bhiwandi unit and texturising capacity (3 nos. texturising machines) at Silvassa.
In 1995 the company formed a joint venture with Grabal, Albert Grabher Gesellshaft mbH & Co of Austria for financial and technical collaboration to manufacture embroidered products. This led to formation of Grabal Alok Impex through which AIL control its extensive embroidery operation.
The company set up its Knitting Division at Silvassa (8 machines) at Navi Mumbai in 1996. The company expanded its texturising capacity (5 nos. Texturising machines at Silvassa in 1997. Today Alok is amongst the fastest growing vertically integrated textile companies in
Products
The company manufactures apparel fabric, knitted fabrics, embroidered fabrics, polyester yarn, garments and home textiles.
It has also forayed into retail segment through its 100 percent subsidiary Alok Retail (
The company also operates internationally through its acquired entity Mileta located in the
The company is also engaged in international retailing by taking strategic stake in a
Realty- It owns wholly owned subsidiary, Alok Infrastructure which has receive contract to develop 1700,000 square feet of premium office space in Mumbai.
Award and milestones
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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