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Aarnav Fashions

₹27.9 0.1 | 0.3%

Market Cap ₹118 Cr.

Stock P/E 24.6

P/B 0.7

Current Price ₹27.9

Book Value ₹ 41.7

Face Value 10

52W High ₹40.2

Dividend Yield 0%

52W Low ₹ 24.6

Aarnav Fashions Research see more...

Overview Inc. Year: 1983Industry: Trading

Aarnav Fashions Ltd engages in the trading of textiles. It additionally offers financial offerings. The company was previously known as Kayel Securities Ltd and changed its name to Aarnav Fashions Ltd in August 2019. Aarnav Fashions Ltd was incorporated in 1980 and is based in Ahmedabad, India.

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Aarnav Fashions Share Price

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Peer Comparison

Aarnav Fashions Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 6 102 114 17 117 100 69 79 97 81
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 6 102 114 17 117 100 69 79 97 81
Total Expenditure 5 95 106 16 108 93 63 73 90 74
Operating Profit 1 7 8 1 9 7 6 5 7 7
Interest 0 3 3 0 3 3 3 3 3 3
Depreciation 0 2 2 0 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 2 4 1 4 3 2 0 2 2
Provision for Tax 0 0 1 0 1 1 0 0 1 0
Profit After Tax 1 1 3 1 3 2 1 0 2 1
Adjustments 0 0 0 -0 -0 -0 0 0 -0 0
Profit After Adjustments 1 1 3 1 3 2 1 0 2 1
Adjusted Earnings Per Share 0.4 0.3 0.6 0.6 1.7 0.4 0.3 0.1 0.4 0.3

Aarnav Fashions Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1 0 0 1 1 1 2 35 249 419 397 326
Other Income 0 0 0 0 0 0 0 0 1 0 0 0
Total Income 1 0 0 1 1 1 2 35 249 419 397 326
Total Expenditure 1 0 0 1 1 0 1 32 232 387 377 300
Operating Profit 0 0 0 0 0 0 0 3 18 32 20 25
Interest 0 0 0 0 0 0 0 0 6 12 11 12
Depreciation 0 0 0 0 0 0 0 0 4 7 8 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 0 0 3 8 13 1 6
Provision for Tax 0 0 0 0 0 0 0 1 2 3 1 1
Profit After Tax 0 0 0 0 0 0 0 2 5 9 0 4
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 0 0 0 2 5 9 0 4
Adjusted Earnings Per Share 0 0 0.1 0 0 0 0.6 1.5 1.3 2.2 0.1 1.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -5% 125% 231% 82%
Operating Profit CAGR -38% 88% 0% 0%
PAT CAGR -100% -100% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -28% -28% 13% NA%
ROE Average 0% 4% 7% 4%
ROCE Average 4% 7% 10% 6%

Aarnav Fashions Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 0 0 3 3 3 3 4 21 165 173 173
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 64 64 34
Other Non-Current Liabilities 0 0 0 0 0 -0 -0 -0 26 26 26
Total Current Liabilities 0 0 0 0 0 0 0 12 210 224 186
Total Liabilities 0 0 3 3 4 4 4 33 465 488 419
Fixed Assets 0 0 0 0 0 0 0 0 146 139 134
Other Non-Current Assets 0 0 0 0 0 0 0 0 0 12 12
Total Current Assets 0 0 3 3 4 3 4 33 319 337 272
Total Assets 0 0 3 3 4 4 4 33 465 488 419

Aarnav Fashions Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 2
Cash Flow from Operating Activities 0 0 -3 0 -0 0 -0 -15 -58 15 44
Cash Flow from Investing Activities 0 0 0 0 0 -0 0 -0 -161 -1 -3
Cash Flow from Financing Activities 0 0 3 0 0 0 -0 15 223 -13 -42
Net Cash Inflow / Outflow 0 0 0 0 -0 -0 0 -0 4 2 -2
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 5 2 0

Aarnav Fashions Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 0 0.09 0 0 0 0.6 1.55 1.26 2.21 0.09
CEPS(Rs) 0.24 0.06 0.09 0.1 0.23 0.39 0.6 1.55 2.21 3.96 1.9
DPS(Rs) 0 0 0 0 0 0 0 0.5 0.5 0.5 0
Book NAV/Share(Rs) 0 0 11.07 0 0 0 12.11 13.87 39.1 40.93 40.86
Core EBITDA Margin(%) 0.67 48.23 17.3 8.11 15.42 27.13 16.45 8.63 6.95 7.64 4.95
EBIT Margin(%) 0.89 48.48 17.3 8.11 15.42 27.13 16.45 8.62 5.6 5.9 3.12
Pre Tax Margin(%) 0.89 47.53 17.27 8.06 15.38 25.01 15.61 8.62 3.14 3 0.24
PAT Margin (%) 0.63 37.8 12.08 5.3 10.97 17.84 11.45 6.55 2.14 2.22 0.1
Cash Profit Margin (%) 0.63 37.8 12.08 5.3 10.97 17.84 11.45 6.56 3.76 3.98 2.01
ROA(%) 2.22 0.6 1.55 0.9 1.88 3.1 4.67 12.6 2.14 1.96 0.08
ROE(%) 2.24 0.6 1.56 0.91 2 3.38 5.1 18.98 5.73 5.51 0.22
ROCE(%) 3.2 0.77 2.23 1.38 2.8 5.01 7.16 24.98 8.47 7.83 3.97
Receivable days 0 0 0 0 211.89 0 324.2 69.95 144.33 154.7 135.16
Inventory Days 0 0 380.56 0 0 0 97.17 0 125.61 92.32 111.27
Payable days 0 0 0 0 365 185.3 66.2 65.65 92.99 102.25 91.78
PER(x) 0 0 0 0 0 0 0 30.36 70.6 27.32 307.53
Price/Book(x) 0 0 0 0 0 0 0 3.39 2.28 1.47 0.68
Dividend Yield(%) 0 0 0 0 0 0 0 1.06 0.56 0.83 0
EV/Net Sales(x) 0.26 58.27 12.9 4.97 4.89 4.84 1.86 1.99 2.07 0.96 0.6
EV/Core EBITDA(x) 29.39 120.19 74.6 61.26 31.69 17.83 11.33 23.02 28.65 12.44 11.96
Net Sales Growth(%) 0 -99.55 5442.41 146.62 8.21 5.56 142.27 2141.72 602.45 68.44 -5.3
EBIT Growth(%) 1107.9 -75.55 1877.36 15.58 105.8 85.76 46.87 1075.12 356.1 78.16 -49.94
PAT Growth(%) 2035.78 -72.84 1671.75 8.23 123.79 71.73 55.48 1182.43 129.51 74.95 -95.91
EPS Growth(%) 0 0 44.46 0 0 0 55.48 156.84 -18.46 74.94 -95.91
Debt/Equity(x) 0 0 0 0 0.01 0.05 0 0 0.87 0.88 0.74
Current Ratio(x) 114.53 112.04 173.7 1265.26 8.37 15.21 8.4 2.72 1.52 1.5 1.47
Quick Ratio(x) 114.53 112.04 161.17 1265.26 8.37 15.21 7.5 2.72 1.11 0.94 0.84
Interest Cover(x) 174.42 50.64 531.87 165.85 461.07 12.79 19.6 0 2.27 2.04 1.08
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 1.07 1.69 1.08

Aarnav Fashions Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 27.21 27.21 27.21 27.21 72.47 72.44 72.44 72.44 72.44 72.44
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 72.79 72.79 72.79 72.79 27.53 27.56 27.56 27.56 27.56 27.56
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.7 times its book value
  • Debtor days have improved from 102.25 to 91.78days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 4% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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