BSE:512109

Stock Analysis Report

Executive Summary

Aviva Industries Limited manufactures and trades glass and glass mosaic products, and construction chemicals.


Snowflake Analysis

Excellent balance sheet with acceptable track record.

Share Price & News

How has Aviva Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 512109 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

512109

0.2%

IN Luxury

-0.4%

IN Market


1 Year Return

-1.6%

512109

16.6%

IN Luxury

11.1%

IN Market

Return vs Industry: 512109 underperformed the Indian Luxury industry which returned 16.6% over the past year.

Return vs Market: 512109 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

512109IndustryMarket
7 Day0%0.2%-0.4%
30 Day-1.5%2.6%-1.5%
90 Dayn/a8.7%3.3%
1 Year-1.6%-1.6%17.3%16.6%13.0%11.1%
3 Year-37.0%-37.0%53.8%52.0%25.3%18.6%
5 Year-7.7%-7.7%103.0%96.4%35.4%23.1%

Price Volatility Vs. Market

How volatile is Aviva Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Aviva Industries undervalued compared to its fair value and its price relative to the market?

18.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 512109's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 512109's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 512109 is poor value based on its PE Ratio (18.6x) compared to the Luxury industry average (11x).

PE vs Market: 512109 is poor value based on its PE Ratio (18.6x) compared to the Indian market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 512109's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 512109 is good value based on its PB Ratio (0.4x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Aviva Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.8%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Aviva Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Aviva Industries performed over the past 5 years?

46.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 512109 has high quality earnings.

Growing Profit Margin: 512109 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 512109 has become profitable over the past 5 years, growing earnings by 46.8% per year.

Accelerating Growth: 512109 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 512109 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (2.7%).


Return on Equity

High ROE: 512109's Return on Equity (2.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Aviva Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 512109's short term assets (₹19.4M) exceed its short term liabilities (₹1.1M).

Long Term Liabilities: 512109's short term assets (₹19.4M) exceed its long term liabilities (₹2.4M).


Debt to Equity History and Analysis

Debt Level: 512109's debt to equity ratio (4.3%) is considered satisfactory.

Reducing Debt: 512109's debt to equity ratio has reduced from 5.8% to 4.3% over the past 5 years.

Debt Coverage: 512109's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 512109 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 512109 has a high level of physical assets or inventory.

Debt Coverage by Assets: 512109's debt is covered by short term assets (assets are 10.2x debt).


Next Steps

Dividend

What is Aviva Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 512109's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 512109's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 512109's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 512109's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 512109's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.9yrs

Average board tenure


CEO

Bharvinbhai Patel (46yo)

5.3yrs

Tenure

₹240,000

Compensation

Mr. Bharvinbhai Sureshbhai Patel has been Managing Director of Aviva Industries Ltd. since October 1, 2014. Mr. Patel serves as the Chairman of Aviva Industries Ltd. Mr. Patel served as Compliance Officer  ...


CEO Compensation Analysis

Compensation vs Market: Bharvinbhai's total compensation ($USD3.36K) is below average for companies of similar size in the Indian market ($USD50.14K).

Compensation vs Earnings: Bharvinbhai's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Bharvinbhai Patel
Chairman & MD5.3yrs₹240.00k62.03% 11.2m
Shetna Patel
Non-Independent Non-Executive Woman Director4.9yrsno datano data
Saurin Shah
Independent Non-Executive Director4.9yrsno datano data
Chetan Gandhi
Independent Non-Executive Director3.1yrsno datano data

4.9yrs

Average Tenure

46yo

Average Age

Experienced Board: 512109's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Aviva Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aviva Industries Limited
  • Ticker: 512109
  • Exchange: BSE
  • Founded: 1984
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹17.988m
  • Shares outstanding: 1.50m
  • Website: https://www.avivaindustries.com

Number of Employees


Location

  • Aviva Industries Limited
  • C-3/1001, Anushruti Tower
  • Near Jain Temple
  • Ahmedabad
  • Gujarat
  • 380054
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
512109BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2008

Biography

Aviva Industries Limited manufactures and trades glass and glass mosaic products, and construction chemicals. The company was formerly known as Ankush Synthetics Limited and changed its name to Aviva Industries Limited in November 2005. Aviva Industries Limited was founded in 1984 and is based in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 12:54
End of Day Share Price2020/01/21 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.