NSEI:AIFL

Stock Analysis Report

Ashapura Intimates Fashion

Executive Summary

Ashapura Intimates Fashion Limited designs, brands, markets, and retails intimate garments for men, women, and children in India.

Rewards

Trading at 93.5% below its fair value

Revenue grew by 7.7% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Latest financial reports are more than a year old

Does not have a meaningful market cap (₹34M)

Unstable dividend track record

+ 2 more risks


Snowflake Analysis

Undervalued with mediocre balance sheet.


Similar Companies

Share Price & News

How has Ashapura Intimates Fashion's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

AIFL

0.2%

IN Luxury

-0.4%

IN Market


1 Year Return

-86.7%

AIFL

16.6%

IN Luxury

11.1%

IN Market

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

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


Shareholder returns

AIFLIndustryMarket
7 Day0%0.2%-0.4%
30 Day6.9%2.6%-1.5%
90 Day-6.1%8.7%3.3%
1 Year-86.7%-86.7%17.3%16.6%13.0%11.1%
3 Year-99.6%-99.6%53.8%52.0%25.3%18.6%
5 Yearn/a103.0%96.4%35.4%23.1%

Price Volatility Vs. Market

How volatile is Ashapura Intimates Fashion's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ashapura Intimates Fashion undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AIFL (₹1.55) is trading below our estimate of fair value (₹23.97)

Significantly Below Fair Value: AIFL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AIFL is good value based on its PE Ratio (0.1x) compared to the Luxury industry average (11x).

PE vs Market: AIFL is good value based on its PE Ratio (0.1x) compared to the Indian market (13.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AIFL is good value based on its PB Ratio (0x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Ashapura Intimates Fashion 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 Ashapura Intimates Fashion 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 Ashapura Intimates Fashion performed over the past 5 years?

-39.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: AIFL has high quality earnings.

Growing Profit Margin: AIFL's current net profit margins (7.1%) are lower than last year (12.6%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if AIFL's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: AIFL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AIFL had negative earnings growth (-39.1%) over the past year, making it difficult to compare to the Luxury industry average (2.7%).


Return on Equity

High ROE: AIFL's Return on Equity (13.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ashapura Intimates Fashion's financial position?


Financial Position Analysis

Short Term Liabilities: AIFL's short term assets (₹4.3B) exceed its short term liabilities (₹2.6B).

Long Term Liabilities: AIFL's short term assets (₹4.3B) exceed its long term liabilities (₹269.8M).


Debt to Equity History and Analysis

Debt Level: AIFL's debt to equity ratio (102.4%) is considered high.

Reducing Debt: AIFL's debt to equity ratio has reduced from 169.9% to 102.4% over the past 5 years.

Debt Coverage: Insufficient data to determine if AIFL's debt is well covered by operating cash flow.

Interest Coverage: AIFL's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet

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

Debt Coverage by Assets: AIFL's debt is covered by short term assets (assets are 2.2x debt).


Next Steps

Dividend

What is Ashapura Intimates Fashion's current dividend yield, its reliability and sustainability?

111.11%

Current Dividend Yield


Dividend Yield vs Market

company111.1%marketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: AIFL's dividend (111.11%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: AIFL's dividend (111.11%) is in the top 25% of dividend payers in the Indian market (2.51%)


Stability and Growth of Payments

Stable Dividend: AIFL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AIFL has only been paying a dividend for 7 years, and since then payments have fallen.


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: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Mohit Shah (30yo)

3.5yrs

Tenure

₹2,067,606

Compensation

Mr. Mohit Akhilesh Shah, C.A., BCom., serves as the Chief Executive Officer at Ashapura Intimates Fashion Limited since August 12, 2016. Mr. Shah served as the Chief Financial Officer of Ashapura Intimates ...


CEO Compensation Analysis

Compensation vs Market: Mohit's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD50.14K).

Compensation vs Earnings: Insufficient data to compare Mohit's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Harshad Thakkar
Chairman & MD0yrs₹8.40m45.91% 15.6m
Dinesh Sodha
Marketing Head & Executive Director13.6yrs₹3.60m3.07% 1.0m
Hitesh Punjani
Production Head & Executive Director6.3yrs₹1.20m0.88% 300.6k
Mohit Shah
Chief Executive officer3.5yrs₹2.07mno data
Anurag Gangwal
Chief Financial Officer3.5yrs₹1.10mno data
Kiran Mestry
Head of Desigining4.3yrsno datano data
Bhavik Dhirwani
Head of Logistics0yrsno datano data
Mihir Somaiya
Head of Retail0yrsno datano data
Chirag Mehta
Head of Online0yrsno datano data

3.5yrs

Average Tenure

36yo

Average Age

Experienced Management: AIFL's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Harshad Thakkar
Chairman & MD0yrs₹8.40m45.91% 15.6m
Dinesh Sodha
Marketing Head & Executive Director13.6yrs₹3.60m3.07% 1.0m
Hitesh Punjani
Production Head & Executive Director6.3yrs₹1.20m0.88% 300.6k
Ratan Thakur
Independent Non-Executive Director5yrs₹150.00kno data

6.3yrs

Average Tenure

Experienced Board: AIFL's board of directors are considered experienced (6.3 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 3.9%.


Top Shareholders

Company Information

Ashapura Intimates Fashion Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ashapura Intimates Fashion Limited
  • Ticker: AIFL
  • Exchange: NSEI
  • Founded: 1999
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹34.035m
  • Shares outstanding: 25.21m
  • Website: https://www.ashapurafashion.com

Location

  • Ashapura Intimates Fashion Limited
  • Pacific Plaza
  • Shop No. 3-4, Ground Floor
  • Mumbai
  • Maharashtra
  • 400028
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
535467BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2013
AIFLNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2013

Biography

Ashapura Intimates Fashion Limited designs, brands, markets, and retails intimate garments for men, women, and children in India. The company offers lounge wear, including leisure wear, T-shirts, shorts, hoodies, bermudas, capris, yoga pants, and track suits; and nightwear products, such as nighties and night pajamas. It also provides inner wear products comprising slips, camisoles, bathrobes, maternal wear products, brassieres, panties, corsets, and other lingerie products; sportswear products that include gym and yoga wear products, sports bras, track pants, and T-shirts, as well as leggings; and airport wear products consisting of track suits, T-shirts, jackets, and shrugs. In addition, the company offers bridal night wear, honeymoon sets, and bathrobes, as well as maternity wear. It offers its products for women under the Valentine, N-Line, Night & Day, Valentine Sportswear, Valentine Secret Skin, and Valentine Pink brand names; and menswear under the TRICCI brand name. The company markets its products through multi-brand outlets, store-in-stores, large format stores, exclusive brand outlets, distributors, and mobile application, as well as through its own online platform, valentineclothes.com, and other online platforms. It also exports its products to the Middle East and internationally. The company was formerly known as Ashapura Apparels Private Limited and changed its name to Ashapura Intimates Fashion Limited in October 2012. Ashapura Intimates Fashion Limited was founded in 1999 and is based in Mumbai, 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 13:08
End of Day Share Price2020/01/27 00:00
Earnings2018/09/30
Annual Earnings2018/03/31


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.