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Consolidated Standalone

Indian Acrylics

₹13.4 0.1 | 0.6%

Market Cap ₹181 Cr.

Stock P/E -3.4

P/B 4.8

Current Price ₹13.4

Book Value ₹ 2.8

Face Value 10

52W High ₹19.4

Dividend Yield 0%

52W Low ₹ 10.5

Edit Ratio

Indian Acrylics Research see more...

Overview Inc. Year: 1986Industry: Textile - Spinning

Indian Acrylics Ltd is a prominent Indian company engaged in the manufacture and export of acrylic fibers and yarns. Established in 1986, the company has grown to become one of the largest integrated acrylic fiber producers in Asia. With its state-of-the-art manufacturing facilities located in the northern state of Punjab, Indian Acrylics Ltd boasts a robust production capacity and a diverse range of high-quality products. The company's product portfolio includes various types of acrylic fibers and yarns, which find extensive applications in industries such as textiles, apparel, home furnishings, carpets, and technical textiles. Indian Acrylics Ltd emphasizes innovation and sustainability, employing advanced technologies to ensure eco-friendly production processes and superior product performance. Recognized for its commitment to quality and customer satisfaction, Indian Acrylics Ltd has established a strong global presence, exporting its products to over 50 countries. The company's adherence to international standards and continuous investment in research and development have positioned it as a trusted and reliable partner in the global acrylics industry.

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Indian Acrylics Share Price

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Peer Comparison

Indian Acrylics Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 152 224 237 246 192 227 138 172 130 106
Other Income 1 1 2 2 1 2 4 1 2 2
Total Income 153 225 239 248 193 230 142 173 132 108
Total Expenditure 149 235 221 233 177 207 139 185 127 110
Operating Profit 4 -10 18 15 17 22 3 -12 5 -2
Interest 9 8 11 11 10 5 4 9 8 6
Depreciation 7 6 6 6 6 -2 8 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -12 -24 1 -2 1 19 -9 -25 -8 -12
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -12 -24 1 -2 1 19 -9 -25 -8 -12
Adjustments 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments -12 -24 1 -2 1 19 -9 -25 -8 -12
Adjusted Earnings Per Share -0.9 -1.8 0.1 -0.1 0.1 1.4 -0.7 -1.8 -0.6 -0.9

Indian Acrylics Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 544 481 531 737 749 534 624 910 546
Other Income 0 0 0 0 0 0 0 0 9
Total Income 544 481 531 737 749 534 624 910 555
Total Expenditure 496 429 486 701 678 468 641 838 561
Operating Profit 48 52 45 36 72 66 -17 72 -6
Interest 18 16 20 28 38 35 34 37 27
Depreciation 10 13 16 18 22 25 25 16 20
Exceptional Income / Expenses -0 -0 0 23 0 0 0 0 0
Profit Before Tax 21 23 9 12 11 6 -76 19 -54
Provision for Tax 0 0 0 1 1 0 0 0 0
Profit After Tax 21 23 9 11 11 6 -76 19 -54
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments 21 23 9 11 11 6 -76 19 -54
Adjusted Earnings Per Share 1.5 1.7 0.7 0.8 0.8 0.5 -5.6 1.4 -4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 46% 7% 11% 0%
Operating Profit CAGR 0% 0% 10% 0%
PAT CAGR 0% 20% 16% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 5% 1% -1% 12%
ROE Average 24% -14% -5% 5%
ROCE Average 20% 6% 9% 14%

Indian Acrylics Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 76 98 120 132 142 148 73 92
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 18 119 163 173 158 171 166 135
Other Non-Current Liabilities 53 7 8 8 18 17 17 15
Total Current Liabilities 181 198 206 264 299 238 345 315
Total Liabilities 327 422 496 577 618 575 599 557
Fixed Assets 96 193 228 218 288 273 254 242
Other Non-Current Assets 57 4 14 63 14 8 6 4
Total Current Assets 174 224 255 296 316 294 339 312
Total Assets 327 422 496 577 618 575 599 557

Indian Acrylics Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 12 22 26 10 11 15 11 58
Cash Flow from Operating Activities 46 15 4 76 101 11 87 54
Cash Flow from Investing Activities -58 -57 -60 -57 -43 -5 -4 -1
Cash Flow from Financing Activities 23 46 40 -18 -54 -11 -37 -74
Net Cash Inflow / Outflow 10 4 -16 1 4 -5 47 -22
Closing Cash & Cash Equivalent 22 26 10 11 15 11 58 36

Indian Acrylics Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 1.52 1.73 0.66 0.84 0.79 0.46 -5.62 1.44
CEPS(Rs) 2.27 2.66 1.82 2.16 2.44 2.33 -3.79 2.61
DPS(Rs) 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 5.59 7.24 8.89 9.73 10.47 10.97 5.36 6.81
Core EBITDA Margin(%) 8.34 10 8.34 4.87 9.54 12.4 -2.78 7.93
EBIT Margin(%) 6.59 7.52 5.4 5.5 6.58 7.67 -6.75 6.19
Pre Tax Margin(%) 3.55 4.52 1.66 1.64 1.5 1.18 -12.19 2.14
PAT Margin (%) 3.55 4.52 1.66 1.54 1.43 1.18 -12.19 2.14
Cash Profit Margin (%) 5.3 6.96 4.59 3.96 4.4 5.91 -8.23 3.88
ROA(%) 6.3 6.23 1.93 2.12 1.79 1.05 -12.96 3.37
ROE(%) 27.28 26.9 8.13 9.04 7.85 4.33 -68.83 23.63
ROCE(%) 32.96 21.56 10.17 12.28 14.47 11.7 -13.23 20.42
Receivable days 18.01 27.15 29 18.32 15.4 14.73 12.04 10.31
Inventory Days 63.44 79.82 102.3 93.33 105.39 156.82 129.07 84.5
Payable days 138.27 175.33 151.44 120.42 159.79 237.57 167.28 153.42
PER(x) 7.48 9.48 21.19 9.35 8.83 21.37 0 5.81
Price/Book(x) 2.04 2.26 1.56 0.81 0.67 0.9 2.2 1.23
Dividend Yield(%) 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.32 0.71 0.72 0.41 0.38 0.62 0.5 0.28
EV/Core EBITDA(x) 3.56 6.62 8.56 8.36 3.95 4.99 -17.91 3.54
Net Sales Growth(%) 0 -11.67 10.49 38.77 1.67 -28.77 16.89 45.83
EBIT Growth(%) 0 1.77 -25.59 40.2 21.46 -16.91 -202.87 233.75
PAT Growth(%) 0 13.25 -61.98 28.21 -5.76 -41.44 -1311.34 125.59
EPS Growth(%) 0 13.26 -61.98 28.21 -5.77 -41.44 -1311.36 125.59
Debt/Equity(x) 0.53 1.5 1.7 1.55 1.43 1.39 2.88 1.93
Current Ratio(x) 0.96 1.13 1.24 1.12 1.06 1.23 0.98 0.99
Quick Ratio(x) 0.41 0.51 0.4 0.36 0.29 0.28 0.37 0.33
Interest Cover(x) 2.17 2.5 1.44 1.42 1.3 1.18 -1.24 1.53
Total Debt/Mcap(x) 0.26 0.66 1.09 1.92 2.14 1.54 1.31 1.57

Indian Acrylics Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 62.56 62.56 62.56 62.56 62.56 62.56 62.56 62.56 62.56 62.56
FII 0 0 0 0 0 0 0 0 0 0
DII 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Public 37.37 37.37 37.37 37.37 37.37 37.37 37.37 37.37 37.37 37.37
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 167.28 to 153.42days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of -14% over the last 3 years.
  • Stock is trading at 4.8 times its book value.

* 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.

Indian Acrylics News

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