NSEI:AARVEEDEN

Stock Analysis Report

Aarvee Denims and Exports

Executive Summary

Aarvee Denims and Exports Limited manufactures and sells fabrics in India and internationally.


Snowflake Analysis

Imperfect balance sheet and overvalued.


Similar Companies

Share Price & News

How has Aarvee Denims and Exports's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AARVEEDEN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.9%

AARVEEDEN

-2.4%

IN Luxury

-1.1%

IN Market


1 Year Return

-65.2%

AARVEEDEN

-28.4%

IN Luxury

-31.7%

IN Market

Return vs Industry: AARVEEDEN underperformed the Indian Luxury industry which returned -28.4% over the past year.

Return vs Market: AARVEEDEN underperformed the Indian Market which returned -31.7% over the past year.


Shareholder returns

AARVEEDENIndustryMarket
7 Day1.9%-2.4%-1.1%
30 Day-32.2%-28.3%-25.1%
90 Day-41.9%-27.9%-30.6%
1 Year-65.2%-65.2%-27.8%-28.4%-30.3%-31.7%
3 Year-88.8%-88.8%-4.4%-6.7%-20.1%-24.4%
5 Year-82.3%-82.3%31.7%26.9%-11.0%-15.7%

Price Volatility Vs. Market

How volatile is Aarvee Denims and Exports's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Aarvee Denims and Exports undervalued compared to its fair value and its price relative to the market?

0.083x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: AARVEEDEN (₹8.1) is trading above our estimate of fair value (₹0.52)

Significantly Below Fair Value: AARVEEDEN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AARVEEDEN is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: AARVEEDEN is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AARVEEDEN is good value based on its PB Ratio (0.1x) compared to the IN Luxury industry average (0.4x).


Next Steps

Future Growth

How is Aarvee Denims and Exports forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

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 Aarvee Denims and Exports 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 Aarvee Denims and Exports performed over the past 5 years?

-58.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AARVEEDEN is currently unprofitable.

Growing Profit Margin: AARVEEDEN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AARVEEDEN is unprofitable, and losses have increased over the past 5 years at a rate of -58.3% per year.

Accelerating Growth: Unable to compare AARVEEDEN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AARVEEDEN is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (7.5%).


Return on Equity

High ROE: AARVEEDEN has a negative Return on Equity (-21.34%), as it is currently unprofitable.


Next Steps

Financial Health

How is Aarvee Denims and Exports's financial position?


Financial Position Analysis

Short Term Liabilities: AARVEEDEN's short term assets (₹5.3B) exceed its short term liabilities (₹5.1B).

Long Term Liabilities: AARVEEDEN's short term assets (₹5.3B) exceed its long term liabilities (₹1.7B).


Debt to Equity History and Analysis

Debt Level: AARVEEDEN's debt to equity ratio (177.6%) is considered high.

Reducing Debt: AARVEEDEN's debt to equity ratio has increased from 131.7% to 177.6% over the past 5 years.

Debt Coverage: AARVEEDEN's debt is not well covered by operating cash flow (9.4%).

Interest Coverage: AARVEEDEN is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Aarvee Denims and Exports's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate AARVEEDEN'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 AARVEEDEN's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: AARVEEDEN is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AARVEEDEN'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?

3.0yrs

Average management tenure


CEO

Vinodkumar Arora (68yo)

no data

Tenure

₹3,600,000

Compensation

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 Analysis

Compensation vs Market: Vinodkumar's total compensation ($USD47.37K) is about average for companies of similar size in the Indian market ($USD47.67K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Vinodkumar Arora
Chairman & MDno data₹3.60m0.85% 1.6m
Ashishbhai Shah
MD & Executive Director32.08yrs₹3.00m1.08% 2.0m
Kalpeshbhai Shah
Whole Time Director10.25yrs₹1.80m3.36% 6.2m
Nipunbhai Arora
Whole Time Director1.67yrs₹2.00m0.61% 1.1m
Ketan Desai
Chief Financial Officer0.25yrno datano data
Darshak Thaker
Company Secretary & Compliance Officer0.58yrno datano data
Pankajbhai Arora
Vice President of Marketing8.5yrs₹1.20m0.56% 1.0m
Anuj Shah
Executiveno datano datano data

3.0yrs

Average Tenure

61yo

Average Age

Experienced Management: AARVEEDEN's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vinodkumar Arora
Chairman & MDno data₹3.60m0.85% 1.6m
Ashishbhai Shah
MD & Executive Director32.08yrs₹3.00m1.08% 2.0m
Kalpeshbhai Shah
Whole Time Director10.25yrs₹1.80m3.36% 6.2m
Nipunbhai Arora
Whole Time Director1.67yrs₹2.00m0.61% 1.1m
Ashok Gandhi
Independent Non-Executive Director24.42yrs₹35.00kno data
Sanjay Majmudar
Independent Non-Executive Director16.42yrs₹45.00kno data
Amol Dalal
Independent Non-Executive Director16.08yrs₹45.00k0.0056% 10.4k
Rajesh Arora
Non-Executive Director27.67yrsno data4.57% 8.5m
Aarti Thakkar
Independent Additional Director0.42yrno datano data

16.1yrs

Average Tenure

62yo

Average Age

Experienced Board: AARVEEDEN's board of directors are seasoned and experienced ( 16.1 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 been diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

Company Information

Aarvee Denims and Exports Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aarvee Denims and Exports Limited
  • Ticker: AARVEEDEN
  • Exchange: NSEI
  • Founded: 1988
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹184.863m
  • Shares outstanding: 23.46m
  • Website: https://www.aarveedenims.com

Number of Employees


Location

  • Aarvee Denims and Exports Limited
  • 188/2, Ranipur Village
  • Opp. CNI Church
  • Ahmedabad
  • Gujarat
  • 382405
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
514274BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2005
AARVEEDENNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2005

Biography

Aarvee Denims and Exports Limited manufactures and sells fabrics in India and internationally. It operates through two segments, Textile and Windmill. 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 13:03
End of Day Share Price2020/04/07 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.