Aarvee Denims and Exports
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Aarvee Denims and Exports Limited manufactures and sells fabrics in India and internationally. The last earnings update was 335 days ago. More info.
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AARVEEDEN Share Price and Events
7 Day Returns
1 Year Returns
AARVEEDEN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Aarvee Denims and Exports (AARVEEDEN) | -1.7% | 0.4% | -6.6% | -47.4% | -57.5% | -39.3% |
| IN Luxury | -0.6% | 1.4% | 8.8% | -4% | 47.5% | 162.4% |
| IN Market | -1.9% | 1.2% | 5.1% | -2.8% | 38.3% | 71% |
1 Year Return vs Industry and Market
- AARVEEDEN underperformed the Luxury industry which returned -4% over the past year.
- AARVEEDEN underperformed the Market in India which returned -2.8% over the past year.
AARVEEDEN Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Aarvee Denims and Exports
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Aarvee Denims and Exports.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 24.8% |
| Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 8.6% |
| Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 35%) (703%)) |
3.053 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%) |
24.75% |
Discounted Cash Flow Calculation for NSEI:AARVEEDEN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Aarvee Denims and Exports is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (INR, Millions) | Source |
Present Value Discounted (@ 24.75%) |
|
|---|---|---|---|
| 2019 | 42.37 | Est @ -31.67% | 33.96 |
| 2020 | 33.94 | Est @ -19.9% | 21.81 |
| 2021 | 29.98 | Est @ -11.67% | 15.44 |
| 2022 | 28.21 | Est @ -5.9% | 11.65 |
| 2023 | 27.68 | Est @ -1.87% | 9.16 |
| 2024 | 27.95 | Est @ 0.96% | 7.41 |
| 2025 | 28.77 | Est @ 2.94% | 6.12 |
| 2026 | 30.01 | Est @ 4.32% | 5.12 |
| 2027 | 31.60 | Est @ 5.29% | 4.32 |
| 2028 | 33.48 | Est @ 5.97% | 3.67 |
| Present value of next 10 years cash flows | ₹118.65 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ₹33.48 × (1 + 7.55%) ÷ (24.75% – 7.55%) |
₹209.36 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ₹209.36 ÷ (1 + 24.75%)10 |
₹22.93 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ₹118.65 + ₹22.93 |
₹141.59 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹141.59 / 23.46 |
₹6.04 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in NSEI:AARVEEDEN
represents 0.98739x
of
BSE:514274
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
0.98739x |
| Value per Share (Listing Adjusted, INR) |
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 6.04 x 0.98739 |
₹5.96 |
| Value per share (INR) | From above. | ₹5.96 |
| Current discount | Discount to share price of
₹23.50
= -1 x (₹23.50 - ₹5.96) / ₹5.96 |
-294.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Aarvee Denims and Exports is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Aarvee Denims and Exports's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Aarvee Denims and Exports's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-03-31) in INR | ₹2.39 |
| BSE:514274 Share Price ** | BSE (2019-04-24) in INR | ₹23.8 |
| India Luxury Industry PE Ratio | Median Figure of 240 Publicly-Listed Luxury Companies | 12.23x |
| India Market PE Ratio | Median Figure of 2,739 Publicly-Listed Companies | 16.02x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Aarvee Denims and Exports.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:514274 Share Price ÷ EPS (both in INR) = 23.8 ÷ 2.39 |
9.96x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Aarvee Denims and Exports is good value based on earnings compared to the IN Luxury industry average.
- Aarvee Denims and Exports is good value based on earnings compared to the India market.
Price based on expected Growth
Does
Aarvee Denims and Exports's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 9.96x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
28.9%per year |
| India Luxury Industry PEG Ratio | Median Figure of 25 Publicly-Listed Luxury Companies | 1.48x |
| India Market PEG Ratio | Median Figure of 586 Publicly-Listed Companies | 1.32x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Aarvee Denims and Exports, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Aarvee Denims and Exports's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-03-31) in INR | ₹115.81 |
| BSE:514274 Share Price * | BSE (2019-04-24) in INR | ₹23.8 |
| India Luxury Industry PB Ratio | Median Figure of 311 Publicly-Listed Luxury Companies | 0.75x |
| India Market PB Ratio | Median Figure of 3,630 Publicly-Listed Companies | 1.09x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:514274 Share Price ÷ Book Value per Share (both in INR) = 23.8 ÷ 115.81 |
0.21x |
* Primary Listing of Aarvee Denims and Exports.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Aarvee Denims and Exports is good value based on assets compared to the IN Luxury industry average.
Value checks
We assess Aarvee Denims and Exports's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Aarvee Denims and Exports has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
AARVEEDEN Future Performance
- No analysts cover Aarvee Denims and Exports, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Aarvee Denims and Exports's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
- Aarvee Denims and Exports's earnings growth is expected to exceed the India market average.
- Unable to compare Aarvee Denims and Exports's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NSEI:AARVEEDEN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 28.9% |
| India Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 19.3% |
| India Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 15% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 year ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-03-31 | 8,275 | 378 | 56 |
| 2017-12-31 | 8,687 | 31 | |
| 2017-09-30 | 8,088 | -93 | |
| 2017-06-30 | 8,478 | -35 | |
| 2017-03-31 | 8,442 | 966 | 12 |
| 2016-12-31 | 8,078 | 58 | |
| 2016-09-30 | 8,689 | 180 | |
| 2016-06-30 | 8,520 | 112 | |
| 2016-03-31 | 8,412 | 749 | 70 |
| 2015-12-31 | 8,200 | 45 | |
| 2015-09-30 | 7,951 | 24 | |
| 2015-06-30 | 7,866 | 40 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 year ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Aarvee Denims and Exports Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-03-31 | 2.39 |
| 2017-12-31 | 1.50 |
| 2017-09-30 | -4.03 |
| 2017-06-30 | -1.50 |
| 2017-03-31 | 0.51 |
| 2016-12-31 | 2.48 |
| 2016-09-30 | 7.64 |
| 2016-06-30 | 4.79 |
| 2016-03-31 | 3.00 |
| 2015-12-31 | 1.92 |
| 2015-09-30 | 1.11 |
| 2015-06-30 | 1.70 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Aarvee Denims and Exports will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Aarvee Denims and Exports's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Aarvee Denims and Exports has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
AARVEEDEN Past Performance
How has Aarvee Denims and Exports performed over the past 5 years?
- Aarvee Denims and Exports's last earnings update was 335 days ago.
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Insufficient data to establish if Aarvee Denims and Exports's year on year earnings growth rate was positive over the past 5 years.
- Unable to compare Aarvee Denims and Exports's 1-year earnings growth to the 5-year average due to insufficient past data.
- Aarvee Denims and Exports's earnings growth has exceeded the IN Luxury industry average in the past year (372.9% vs 14.8%).
Earnings and Revenue History
All data from Aarvee Denims and Exports Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-03-31 | 8,274.78 | 56.09 | 563.35 | |
| 2017-12-31 | 8,687.40 | 30.55 | 590.82 | |
| 2017-09-30 | 8,088.50 | -93.48 | 569.67 | |
| 2017-06-30 | 8,478.03 | -35.00 | 579.25 | |
| 2017-03-31 | 8,442.14 | 11.86 | 579.14 | |
| 2016-12-31 | 8,077.56 | 58.41 | 592.32 | |
| 2016-09-30 | 8,689.29 | 179.57 | 602.67 | |
| 2016-06-30 | 8,519.75 | 112.41 | 594.14 | |
| 2016-03-31 | 8,412.25 | 70.27 | 576.50 | |
| 2015-12-31 | 8,199.57 | 45.15 | 687.12 | |
| 2015-09-30 | 7,950.52 | 24.46 | 661.24 | |
| 2015-06-30 | 7,866.14 | 39.90 | 462.41 | |
| 2015-03-31 | 7,324.51 | 1.88 | 447.25 | |
| 2014-12-31 | 7,080.28 | -96.80 | 585.54 | |
| 2014-09-30 | 6,915.44 | -80.17 | 572.11 | |
| 2014-06-30 | 6,927.93 | -21.39 | 392.73 | |
| 2014-03-31 | 6,853.16 | 31.82 | 536.56 | |
| 2013-12-31 | 6,956.04 | 240.63 | 509.54 | |
| 2013-09-30 | 6,905.65 | 257.62 | 497.84 | |
| 2013-06-30 | 6,844.14 | 354.71 | 337.26 | |
| 2013-03-31 | 7,233.23 | 450.18 | 480.71 | |
| 2012-12-31 | 7,263.87 | 363.87 | 520.74 | |
| 2012-09-30 | 7,437.03 | 374.20 | 511.62 | |
| 2012-06-30 | 7,013.98 | 238.85 | 304.75 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Aarvee Denims and Exports has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Aarvee Denims and Exports used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
- Aarvee Denims and Exports has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Aarvee Denims and Exports's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Aarvee Denims and Exports has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
AARVEEDEN Health
How is Aarvee Denims and Exports's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Aarvee Denims and Exports's finances.
The net worth of a company is the difference between its assets and liabilities.
- Aarvee Denims and Exports is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Aarvee Denims and Exports's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Aarvee Denims and Exports Company Filings, last reported 1 year ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-03-31 | 2,716.88 | 3,793.19 | 19.16 |
| 2017-12-31 | 2,690.60 | 3,651.00 | 297.40 |
| 2017-09-30 | 2,690.60 | 3,651.00 | 297.40 |
| 2017-06-30 | 2,676.71 | 3,553.52 | 187.16 |
| 2017-03-31 | 2,676.71 | 3,553.52 | 187.16 |
| 2016-12-31 | 2,783.43 | 3,711.16 | 207.47 |
| 2016-09-30 | 2,783.43 | 3,711.16 | 207.47 |
| 2016-06-30 | 2,638.90 | 3,821.48 | 143.70 |
| 2016-03-31 | 2,638.90 | 3,821.48 | 143.70 |
| 2015-12-31 | 2,591.22 | 3,519.00 | 134.12 |
| 2015-09-30 | 2,591.22 | 3,519.00 | 134.12 |
| 2015-06-30 | 2,559.50 | 3,280.46 | 113.49 |
| 2015-03-31 | 2,559.50 | 3,703.12 | 113.49 |
| 2014-12-31 | 2,560.33 | 3,369.38 | 133.78 |
| 2014-09-30 | 2,560.33 | 3,369.38 | 133.78 |
| 2014-06-30 | 2,576.88 | 4,017.52 | 72.03 |
| 2014-03-31 | 2,576.88 | 3,956.49 | 72.03 |
| 2013-12-31 | |||
| 2013-09-30 | |||
| 2013-06-30 | 2,571.81 | 3,611.45 | 112.94 |
| 2013-03-31 | 2,571.81 | 3,837.69 | 112.94 |
| 2012-12-31 | 2,439.34 | 3,395.96 | 334.80 |
| 2012-09-30 | 2,439.34 | 3,395.96 | 334.80 |
| 2012-06-30 | 2,147.90 | 3,507.67 | 309.09 |
- Aarvee Denims and Exports's level of debt (139.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (149.1% vs 139.6% today).
- Debt is not well covered by operating cash flow (10%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Aarvee Denims and Exports's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Aarvee Denims and Exports has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
AARVEEDEN Dividends
What is Aarvee Denims and Exports's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
₹2,000 of
Aarvee Denims and Exports
shares you are expected to receive
₹0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Aarvee Denims and Exports's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Aarvee Denims and Exports's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| India Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 110 Stocks | 0.6% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1400 Stocks | 1.4% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.5% |
| India Top 25% Dividend Yield | 75th Percentile | 2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in ₹) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2015-02-13 | 0.000 | 0.000 |
| 2014-11-14 | 0.000 | 0.000 |
| 2014-08-14 | 0.000 | 0.000 |
| 2013-08-02 | 0.000 | 0.000 |
| 2013-05-29 | 0.000 | 0.000 |
| 2013-02-08 | 0.000 | 0.000 |
| 2012-11-06 | 0.000 | 0.000 |
| 2012-09-04 | 0.000 | 0.000 |
| 2011-08-10 | 0.500 | 1.440 |
| 2011-06-02 | 0.500 | 1.002 |
| 2011-02-07 | 0.500 | 0.859 |
| 2010-10-15 | 0.500 | 0.666 |
| 2010-08-11 | 0.500 | 0.606 |
| 2010-04-15 | 1.000 | 1.666 |
| 2010-01-15 | 1.000 | 1.652 |
| 2009-10-16 | 1.000 | 1.652 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Aarvee Denims and Exports has not reported any payouts.
- Unable to verify if Aarvee Denims and Exports's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Aarvee Denims and Exports's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Aarvee Denims and Exports afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Aarvee Denims and Exports has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
AARVEEDEN Management
CEO
| COMPENSATION | ₹3,600,000 |
| AGE | 67 |
CEO Bio
Mr. Vinodkumar P. Arora has been the Chairman and Managing Director at Aarvee Denims & Exports Ltd. since October 1, 2005 and serves as its Executive Director. He is a Commerce Graduate.
CEO Compensation
- Vinodkumar's compensation has been consistent with company performance over the past year.
- Vinodkumar's remuneration is higher than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the Aarvee Denims and Exports management team in years:
- The tenure for the Aarvee Denims and Exports management team is about average.
Management Team
Vinodkumar Arora
Chairman & MD
₹4M
67
Ashishbhai Shah
MD & Executive Director
₹3M
60
4.5 yrs
Bhavik Shukla
Chief Financial Officer
₹2M
3.4 yrs
Pankajbhai Arora
Vice President of Marketing
₹1M
39
7.5 yrs
Kalpeshbhai Shah
Whole Time Director
₹2M
67
Nipun Arora
Whole Time Director
44
Yashaswini Pandey
Company Secretary
0.7 yrs
Anuj Shah
Executive
Board of Directors Tenure
Average tenure and age of the Aarvee Denims and Exports board of directors in years:
- The average tenure for the Aarvee Denims and Exports board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Ashishbhai Shah
MD & Executive Director
₹3M
60
31.1 yrs
Kalpeshbhai Shah
Whole Time Director
₹2M
67
9.3 yrs
Nipun Arora
Whole Time Director
44
0.7 yrs
Sanjay Majmudar
Independent Non-Executive Director
₹55K
55
Vinodkumar Arora
Chairman & MD
₹4M
67
13.5 yrs
Amol Dalal
Independent Non-Executive Director
₹55K
62
15.3 yrs
Arvind Sanghvi
Independent Non-Executive Director
₹15K
61
23.3 yrs
Ashok Gandhi
Independent Non-Executive Director
₹55K
79
Rajesh Arora
Non-Executive Director
58
26.4 yrs
Yashree Dixit
Independent Woman Director
24
0.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Aarvee Denims and Exports's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Aarvee Denims and Exports has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
AARVEEDEN News
Simply Wall St News
Is Aarvee Denims and Exports Limited's (NSE:AARVEEDEN) CEO Pay Justified?
How Does Vinodkumar Arora's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Aarvee Denims and Exports Limited has a market cap of ₹551m, and is paying total annual CEO compensation of ₹3.6m. … We examined a group of similar sized companies, with market capitalizations of below ₹14b
Simply Wall St - – Full articleIs Aarvee Denims and Exports Limited (NSE:AARVEEDEN) Creating Value For Shareholders?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of Aarvee Denims and Exports Limited (NSE:AARVEEDEN)?
The big shareholder groups in Aarvee Denims and Exports Limited (NSE:AARVEEDEN) have power over the company. … Aarvee Denims and Exports is a smaller company with a market capitalization of ₹667m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Aarvee Denims and Exports
Simply Wall St - – Full articleAre Aarvee Denims and Exports Limited's (NSE:AARVEEDEN) Interest Costs Too High?
Investors are always looking for growth in small-cap stocks like Aarvee Denims and Exports Limited (NSE:AARVEEDEN), with a market cap of ₹781.21m. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.
Simply Wall St - – Full articleWhy Aarvee Denims and Exports Limited (NSE:AARVEEDEN) Is An Attractive Investment
Aarvee Denims and Exports Limited (NSE:AARVEEDEN) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … report on Aarvee Denims and Exports here
Simply Wall St - – Full articleShould You Worry About Aarvee Denims and Exports Limited's (NSE:AARVEEDEN) CEO Pay?
Performance can be measured based on factors such as earnings and total shareholder return (TSR). … I believe earnings is a cleaner proxy, since many factors can impact share price, and therefore, TSR. … Based on AARVEEDEN's size and performance, in terms of market cap and earnings, it seems that Arora is paid on a similar level to other comparable BSE and NSEI CEOs of profitable small-caps.
Simply Wall St - – Full articleAarvee Denims and Exports Limited (NSE:AARVEEDEN): Time For A Financial Health Check
Additionally, AARVEEDEN has produced cash from operations of ₹966.01M in the last twelve months, resulting in an operating cash to total debt ratio of 27.18%, meaning that AARVEEDEN’s current level of operating cash is high enough to cover debt. … Looking at AARVEEDEN’s most recent ₹4.74B liabilities, it appears that the company has not maintained a sufficient level of current assets to meet its obligations, with the current ratio last standing at 0.92x, which is below the prudent industry ratio of 3x. … In AARVEEDEN's case, the ratio of 1.3x suggests that interest is not strongly covered, which means that lenders may be more reluctant to lend out more funding as AARVEEDEN’s low interest coverage already puts the company at higher risk of default.Next Steps: Although AARVEEDEN’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet debt obligations which means its debt is being efficiently utilised.
Simply Wall St - – Full articleWill Aarvee Denims and Exports Limited (NSE:AARVEEDEN) Continue To Underperform Its Industry?
Aarvee Denims and Exports Limited (NSEI:AARVEEDEN) generated a below-average return on equity of 1.14% in the past 12 months, while its industry returned 8.38%. … See our latest analysis for Aarvee Denims and Exports What you must know about ROE Return on Equity (ROE) is a measure of Aarvee Denims and Exports’s profit relative to its shareholders’ equity. … For now, let’s just look at the cost of equity number for Aarvee Denims and Exports, which is 23.00%.
Simply Wall St - – Full articleWant To Invest In Aarvee Denims and Exports Limited (NSE:AARVEEDEN)? Here's How It Performed Lately
Assessing Aarvee Denims and Exports Limited's (NSEI:AARVEEDEN) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Aarvee Denims and Exports is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its luxury industry peers. … For Aarvee Denims and Exports, its latest earnings (trailing twelve month) is IN₨30.55M, which, in comparison to the previous year's level, has dropped by a non-trivial -47.70%.
Simply Wall St - – Full articleIs Aarvee Denims and Exports Limited's (NSE:AARVEEDEN) PE Ratio A Signal To Sell For Investors?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for AARVEEDEN Price per share = ₹50.15 Earnings per share = ₹1.497 ∴ Price-Earnings Ratio = ₹50.15 ÷ ₹1.497 = 33.5x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with AARVEEDEN, then AARVEEDEN’s P/E would naturally be higher since investors would reward AARVEEDEN’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with AARVEEDEN, AARVEEDEN’s P/E would again be higher since investors would reward AARVEEDEN’s lower risk with a higher price as well.
Simply Wall St - – Full articleAARVEEDEN Company Info
Description
Aarvee Denims and Exports Limited manufactures and sells fabrics in India and internationally. It operates through Textile and Windmill segments. The company offers cotton fibers; cotton and texturized yarns; ring, shirting, printed, stretch, satin, flat finish special blend, and LYCRA denims; and non-denim fabrics. It is also involved in the wind power generation activities. The company was founded in 1988 and is headquartered in Ahmedabad, India.
Details
| Name: | Aarvee Denims and Exports Limited |
| AARVEEDEN | |
| Exchange: | NSEI |
| Founded: | 1988 |
| ₹539,575,400 | |
| 23,459,800 | |
| Website: | http://www.aarveedenims.com |
| Address: |
Aarvee Denims and Exports Limited 191, Moje Shahwadi, Narol - Sarkhej Highway, Ahmedabad, Gujarat, 382405, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 514274 | Equity Shares | Mumbai Stock Exchange | IN | INR | 31. Jan 2005 | |
| NSEI | AARVEEDEN | Equity Shares | National Stock Exchange of India | IN | INR | 31. Jan 2005 |
Number of employees
Current staff
Industry
| Apparel, Accessories and Luxury Goods | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/24 12:48 |
| End of day share price update: | 2019/04/24 00:00 |
| Last estimates confirmation: | 2017/05/26 |
| Last earnings filing: | 2018/05/24 |
| Last earnings reported: | 2018/03/31 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
