Past 10 year’s financial track record analysis by Moneyworks4me indicates that Afcom Holdings Ltd is a below average quality company.
The key valuation ratios of Afcom Holdings 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 Afcom Holdings 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 % ⓘ | -53% | 59.1% | 39.9% | 37.1% | - |
| Value Creation Index ⓘ | NA | 3.2 | 1.9 | 1.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 13.9 | 48.3 | 84.1 | 148 | 148 |
| Sales YoY Gr. | - | 247.5% | 74.3% | 75.4% | - |
| Adj EPS ⓘ | -3.5 | 3.7 | 7.5 | 14 | 10.2 |
| YoY Gr. | - | NA | 103% | 85.8% | - |
| BVPS (₹) ⓘ | -2.9 | 15.9 | 41.6 | 57.3 | 71.2 |
| Adj Net Profit ⓘ | -4.2 | 5.1 | 13.2 | 25.1 | 25 |
| Cash Flow from Ops. ⓘ | -13.2 | -3.7 | -18.9 | -23.4 | - |
| Debt/CF from Ops. ⓘ | -1.1 | -0 | -0 | -0.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 119.8% | 75.4% | ||||
| Adj EPS ⓘ | NA | NA | NA | 85.8% | ||||
| BVPSⓘ | NA | NA | NA | 37.6% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 122.9 | 54.5 | 27.8 | 28.5 | 15.9 |
| Op. Profit Mgn % ⓘ | -42.5 | 19.7 | 21.9 | 24.2 | NAN |
| Net Profit Mgn % ⓘ | -29.9 | 10.5 | 15.7 | 17 | 17.2 |
| Debt to Equity ⓘ | -4.4 | 0 | 0 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 125 | 191 | 229 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 3 | 26 | -52 | 0 |
Sales growth is growing at healthy rate in last 3 years 119.83%
Return on Equity has declined versus last 3 years average to 15.90%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 10.2 | - |
| TTM Sales (₹ Cr.) | 148 | - |
| BVPS (₹.) ⓘ | 71.2 | - |
| Reserves (₹ Cr.) ⓘ | 152 | - |
| P/BV ⓘ | 7.36 | - |
| PE ⓘ | 51.22 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 205.20 / 590.15 |
| All Time Low / High (₹) | 205.20 / 590.15 |
| Market Cap (₹ Cr.) | 1,303 |
| Equity (₹ Cr.) | 24.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 41.3 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 14 | 48 | 84 | 148 |
| Operating Expenses ⓘ | 20 | 39 | 66 | 112 |
| Manufacturing Costs | 0 | 1 | 1 | 1 |
| Material Costs | 0 | 0 | 0 | 0 |
| Employee Cost | 1 | 2 | 6 | 6 |
| Other Costs ⓘ | 19 | 36 | 59 | 104 |
| Operating Profit ⓘ | -6 | 10 | 18 | 36 |
| Operating Profit Margin (%) | -43.1% | 19.7% | 21.9% | 24.2% |
| Other Income ⓘ | 0 | 0 | 1 | 1 |
| Interest ⓘ | 0 | 1 | 1 | 2 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -6 | 8 | 18 | 34 |
| Tax ⓘ | -2 | 3 | 5 | 9 |
| Profit After Tax | -4 | 5 | 14 | 25 |
| PAT Margin (%) | -30.3% | 10.7% | 16.1% | 17.2% |
| Adjusted EPS (₹) | -3.6 | 3.8 | 7.7 | 14.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -3 | 22 | 73 | 103 | ||||||
| Share Capital ⓘ | 2 | 2 | 18 | 18 | ||||||
| Reserves ⓘ | -5 | 19 | 56 | 85 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 15 | 0 | 0 | 18 | ||||||
| Long Term Debt | 14 | 0 | 0 | 0 | ||||||
| Short Term Debt | 1 | 0 | 0 | 18 | ||||||
| Trade Payables | 0 | 1 | 1 | 4 | ||||||
| Others Liabilities ⓘ | -2 | 2 | 8 | 12 | ||||||
| Total Liabilities ⓘ | 9 | 25 | 83 | 138 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 0 | 1 | ||||||
| Accumulated Depreciation | 0 | 0 | 0 | 0 | ||||||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 0 | ||||||
| CWIP ⓘ | 0 | 0 | 12 | 12 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0 | 0 | 9 | 16 | ||||||
| Trade Receivables | 1 | 16 | 14 | 23 | ||||||
| Cash Equivalents | 0 | 1 | 7 | 3 | ||||||
| Others Assetsⓘ | 8 | 9 | 40 | 83 | ||||||
| Total Assets ⓘ | 9 | 25 | 83 | 138 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -13 | -4 | -19 | -23 |
| PBT ⓘ | -6 | 8 | 18 | 34 |
| Adjustment ⓘ | 0 | 1 | 1 | 2 |
| Changes in Working Capital ⓘ | -7 | -13 | -37 | -56 |
| Tax Paid ⓘ | 0 | 0 | -1 | -4 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -12 | -1 |
| Capex | 0 | 0 | -12 | 0 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | -1 |
| Cash Flow From Financing Activityⓘ | 13 | 4 | 37 | 21 |
| Net Proceeds from Shares ⓘ | 0 | 20 | 38 | 4 |
| Net Proceeds from Borrowing ⓘ | -3 | -14 | 0 | 0 |
| Interest Paid ⓘ | 0 | -1 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 16 | -1 | 0 | 18 |
| Net Cash Flow ⓘ | 0 | 0 | 6 | -4 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 55.82 | 28.57 | 28.82 | ||||||
| ROCE (%) | N/A | 59.09 | 39.85 | 37.09 | ||||||
| Asset Turnover Ratio | 1.54 | 2.83 | 1.56 | 1.34 | ||||||
| PAT to CFO Conversion(x) | N/A | -0.8 | -1.36 | -0.92 | Working Capital Days | |||||
| Receivable Days | 15 | 61 | 65 | 46 | ||||||
| Inventory Days | 0 | 0 | 40 | 31 | ||||||
| Payable Days | 0 | 0 | 0 | 0 | ||||||
Afcom Holdings Limited was originally incorporated as ‘Afcom Holdings Private Limited’ a private limited company under the Companies Act, 2013 with the Registrar of Companies (ROC), Tamil Nadu, Chennai, Andaman and Nicobar Islands pursuant to Certificate of Incorporation dated February 15, 2013. The name of the company was changed from ‘Afcom Holdings Private Limited’ to ‘Afcom Holdings Limited’, consequent to conversion of the company from private limited company to public limited company, pursuant to Special Resolution passed by the shareholders of the company in the Extra-ordinary General Meeting held on March 27, 2023, and a fresh certificate of incorporation consequent to change of name was issued by ROC, Chennai on July 11, 2023.
The company has been operating Cargo Flights to the ASEAN countries like Singapore, Indonesia and Brunei, particularly to Singapore. The company is engaged in carriage of cargo on airport-to-airport basis. Its Business is guided by three operating principles i.e People- centricity, Growth through partnership and Efficiency, always. It provided supply chain solutions to a diverse base of customers. Active Customers such as e-commerce marketplaces, direct-to-consumer e-tailers and enterprises and SMEs across several verticals such as FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing, through various Freight Forwarders for the period ended February 29, 2024.
Business area of the company
The company has been operating Cargo Flights to the ASEAN countries like Singapore, Indonesia and Brunei, particularly to Singapore. The company is engaged in carriage of cargo on airport-to-airport basis. It provided supply chain solutions to a diverse base of customers.
Awards and accreditations
History and milestones
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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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