ARVIND

 UPDATE 26-08-18 TIME: 7:30 PM

Arvind

Negative Near Term Drivers

This Mid Cap stock with Average quality but Expensive valuation looks Mildly Negative for Long Term. Also, with Negative quarterly financial trend and Mildly Bearish technicals, it looks Very Negative for Near Term.

Quarterly Financial Trend — NEGATIVE

Operating CF (A) Lowest at Rs 428.49 Cr Operating Profit to Interest (Q) Lowest at 3.36 times

Technicals  –MILDLY BEARISH

Technical trend turned Mildly Bearish from Sideways on 01 Aug 2018 at Rs 416.9

Moving Averages (daily) turned Mildly Bearish from Bearish on 20 Aug 2018 at Rs 406.65

MACD (weekly) turned Mildly Bullish from Bearish on 16 Aug 2018 at Rs 398.15

Quality — AVERAGE

Average quality company basis long term financial performance. Second largest company in Textile sector

Valuation — EXPENSIVE

Over the last year, Price (12.10%) has increased more than Earnings (4.75%) At the current stock price and financial performance the stock has Expensive valuation

1 Week Return 2.35%

Outperformed both Sector By 0.96% and Sensex By 0.79%

1 Month Return -5.23%

Underperformed both Sector by -9.50% and Sensex by -9.11%

Year To Date Return -9.46%

Outperformed Sector By 14.02% and Underperformed Sensex By -21.78%

1 Year Return 12.10%

Outperformed Sector By 16.57% and Underperformed Sensex By -8.96%

 

Performance Today : Underperformed Sector by -0.28%

Trend Reversal: Stock has fallen after 7 days of consecutive gain

Price Flat with Higher Volumes: Price has been relatively flat with a change of -0.56% while Vol has risen by 76.75% (Vol compared with 5 day avg vol till 12:00 PM)

Moving Averages: Stock has traded higher than 5 day, 50 day and 100 day moving average but lower than 20 day and 200 day moving average.

Falling Investor Participation: Delivery Vol of 2.97 lacs on 24 Aug has fallen by -4.07% against 5-day avg delivery vol

 

Industry Textile

Market cap Rs 10,230 Cr (Mid Cap)

P/E 30.47 / Industry P/E -5.29 / Dividend Yield 0.00 %

Debt Equity 0.81 / Return on Equity 8.68 % / Price to Book 2.70

Net Sales

Rs 2,860.96 cr / Net Profit (Quarterly Results – Jun 2018  Rs 66.50 Cr

Standalone Quarterly Results

Total Operating income jun 2018

1,671.33

Mar 2018

1,694.21

-1.35%
Net Sales 1,671.33 1,694.21 -1.35%
Other Operating Income 0.00 0.00
Total Expenditure (Excl Depreciation) 1,494.09 1,535.73 -2.71%
Raw Material Cost 726.97 636.29 14.25%
Purchase of Finished goods 77.38 112.06 -30.95%
(Increase) / Decrease In Stocks -19.27 93.44 -120.62%
Employee Cost 199.41 183.06 8.93%
Power Cost 0.00 0.00
Manufacturing Expenses 509.60 510.88 -0.25%
Selling and Distribution Expenses 0.00 0.00
Other Expenses 0.00 0.00
Operating Profit (PBDIT) excl Other Income 177.24 158.48 11.84%
Other Income 14.52 20.79 -30.16%
Operating Profit (PBDIT) 191.76 179.27 6.97%
Interest 48.58 47.07 3.21%
Exceptional Items -8.61 -0.80 -976.25%
Gross Profit (PBDT) 134.57 131.40 2.41%
Depreciation 51.84 56.10 -7.59%
Profit Before Tax 82.73 75.30 9.87%
Tax 18.99 7.61 149.54%
Provisions and contingencies 0.00 0.00
Profit After Tax 63.74 67.69 -5.84%
Extraordinary Items 0.00 0.00
Prior Period Expenses 0.00 0.00
Other Adjustments 0.00 0.00
Net Profit 63.74 67.69 -5.84%
Equity Capital 258.62 258.62
Face Value (IN RS) 10.00 10.00
Reserves 0.00 0.00
Earnings per share (EPS) 2.46 2.62 -5.84%
Diluted Earnings per share 2.46 2.61 -5.75%
Operating Profit Margin (Excl OI) 10.60% 9.35% 1.25%
Gross Profit Margin 8.05% 7.76% 0.30%
PAT Margin 3.81% 4.00% -0.18%
Public Share Holdings (%) 0.00% 0.00%
Pledged Promotor Holding (%) 0.00% 0.00%

 

Share Holding Pattern

ARVIND
ARVIND