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Alok Industries

NSEI:ALOKTEXT
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALOKTEXT
NSEI
₹5B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Alok Industries Limited manufactures and sells textile products in India and internationally. The last earnings update was 10 days ago. More info.


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ALOKTEXT Share Price and Events
7 Day Returns
-5.3%
NSEI:ALOKTEXT
2.1%
IN Luxury
1.8%
IN Market
1 Year Returns
18%
NSEI:ALOKTEXT
-11.3%
IN Luxury
-5.4%
IN Market
ALOKTEXT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alok Industries (ALOKTEXT) -5.3% 12.5% -10% 18% -44.6% -52%
IN Luxury 2.1% -1.8% -10.1% -11.3% 32.6% 202.3%
IN Market 1.8% 1.1% -8.4% -5.4% 33% 81.8%
1 Year Return vs Industry and Market
  • ALOKTEXT outperformed the Luxury industry which returned -11.3% over the past year.
  • ALOKTEXT outperformed the Market in India which returned -5.4% over the past year.
Price Volatility
ALOKTEXT
Industry
5yr Volatility vs Market

ALOKTEXT Value

 Is Alok Industries undervalued based on future cash flows and its price relative to the stock market?

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 Alok Industries 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Alok Industries.

NSEI:ALOKTEXT Discounted Cash Flow Data Sources
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 22.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:ALOKTEXT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.7%
Equity Risk Premium S&P Global 7.3%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.589 (1 + (1- 35%) (5483.42%))
21.587
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)
= 7.73% + (2 * 7.27%)
22.27%

Discounted Cash Flow Calculation for NSEI:ALOKTEXT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Alok Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:ALOKTEXT DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 35,514.24 28,870.64 23,673.92 19,649.36 16,505.46
Source Est @ -18.71% Est @ -18.71% Est @ -18%, capped from -18.71% Est @ -17%, capped from -18.71% Est @ -16%, capped from -18.71%
Present Value
Discounted (@ 22.27%)
29,045.75 19,311.53 12,951.22 8,791.62 6,039.88
Present value of next 5 years cash flows ₹76,139.98
NSEI:ALOKTEXT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹16,505.46 × (1 + 7.73%) ÷ (22.27% – 7.73%)
₹122,292.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹122,292.52 ÷ (1 + 22.27%)5
₹44,750.75
NSEI:ALOKTEXT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹76,139.98 + ₹44,750.75
₹120,890.73
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹120,890.73 / 1,377.32
₹87.05
NSEI:ALOKTEXT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:ALOKTEXT represents 0.99174x of BSE:521070
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99174x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 87.77 x 0.99174
₹87.05
Value per share (INR) From above. ₹87.05
Current discount Discount to share price of ₹3.60
= -1 x (₹3.60 - ₹87.05) / ₹87.05
95.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Alok Industries is available for.
Intrinsic value
>50%
Share price is ₹3.6 vs Future cash flow value of ₹87.05
Current Discount Checks
For Alok Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Alok Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Alok Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Alok Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alok Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:ALOKTEXT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹-136.81
BSE:521070 Share Price ** BSE (2018-12-14) in INR ₹3.63
India Luxury Industry PE Ratio Median Figure of 241 Publicly-Listed Luxury Companies 12.69x
India Market PE Ratio Median Figure of 2,724 Publicly-Listed Companies 16.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Alok Industries.

NSEI:ALOKTEXT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:521070 Share Price ÷ EPS (both in INR)

= 3.63 ÷ -136.81

-0.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alok Industries is loss making, we can't compare its value to the IN Luxury industry average.
  • Alok Industries is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Alok Industries's expected growth come at a high price?
Raw Data
NSEI:ALOKTEXT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Luxury Industry PEG Ratio Median Figure of 33 Publicly-Listed Luxury Companies 1.14x
India Market PEG Ratio Median Figure of 650 Publicly-Listed Companies 1.14x

*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 Alok Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Alok Industries's assets?
Raw Data
NSEI:ALOKTEXT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹-121.08
BSE:521070 Share Price * BSE (2018-12-14) in INR ₹3.63
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.78x
India Market PB Ratio Median Figure of 3,547 Publicly-Listed Companies 1.17x
NSEI:ALOKTEXT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:521070 Share Price ÷ Book Value per Share (both in INR)

= 3.63 ÷ -121.08

-0.03x

* Primary Listing of Alok Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alok Industries has negative assets, we can't compare the value of its assets to the IN Luxury industry average.
X
Value checks
We assess Alok Industries's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Alok Industries has a total score of 2/6, 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.

ALOKTEXT Future Performance

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

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 Alok 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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!
Annual Growth Rate
18.4%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alok Industries expected to grow at an attractive rate?
  • Unable to compare Alok Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Alok Industries's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Alok Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:ALOKTEXT Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 14.5%
India Market Earnings Growth Rate Market Cap Weighted Average 19%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*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
Raw Data
NSEI:ALOKTEXT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:ALOKTEXT Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 55,138 -979 -185,781
2017-03-31 87,230 -30,321 -30,831
2016-03-31 129,240 -30,058 -43,571

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Alok Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Alok Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:ALOKTEXT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Alok Industries Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ALOKTEXT Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 -136.81
2017-03-31 -22.71
2016-03-31 -31.63

*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 Alok Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ALOKTEXT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Alok Industries's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Alok Industries's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Alok Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Alok Industries has a total score of 0/6, 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.

ALOKTEXT Past Performance

  How has Alok Industries performed over the past 5 years?

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
Below we compare Alok Industries's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Alok Industries does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Alok Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Alok Industries's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Alok Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Alok Industries Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ALOKTEXT Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 55,137.50 -185,780.60 9,243.60
2017-03-31 87,230.40 -30,831.40 4,344.10
2016-03-31 129,239.70 -43,571.10 6,550.60
2015-03-31 161,020.48 1,721.73 6,127.60
2013-09-30 142,589.14 1,978.13 9,987.07
2012-03-31 97,847.20 929.90 7,658.10

*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.
  • It is difficult to establish if Alok Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Alok Industries has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Alok Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Alok Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Alok Industries has a total score of 0/6, 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.

ALOKTEXT Health

 How is Alok Industries'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 Alok Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alok Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Alok Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Alok Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Alok Industries has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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.
Raw Data

All data from Alok Industries Company Filings, last reported 8 months ago.

NSEI:ALOKTEXT Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 -166,771.70 274,152.40 668.00
2017-03-31 16,893.60 255,057.90 980.50
2016-03-31 45,551.80 220,386.50 1,694.60
2015-03-31 36,423.70 180,085.10 6,963.50
2013-09-30 34,851.60 199,320.20 11,446.10
2012-03-31 28,593.90 160,755.90 14,017.40
  • Alok Industries has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Alok Industries's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Alok Industries has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Alok Industries has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -125.3% per year.
X
Financial health checks
We assess Alok Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Alok Industries has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

ALOKTEXT Dividends

 What is Alok Industries'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
Dividend payments
0%
Current annual income from Alok Industries dividends.
If you bought ₹2,000 of Alok Industries shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Alok Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Alok Industries'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.
Raw Data
NSEI:ALOKTEXT Annualized Past and Future Dividends
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 111 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1394 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 1.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:ALOKTEXT Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2015-06-15 0.000 0.000
2013-12-27 0.300 3.334
2012-08-14 0.300 3.366
2011-08-29 0.250 1.330
2010-08-12 0.250 1.055
2009-03-31 0.750 3.662
2008-12-16 1.200 7.710

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Alok Industries has not reported any payouts.
  • Unable to verify if Alok Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Alok Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Alok Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Alok Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Alok Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alok Industries 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.

ALOKTEXT Management

 What is the CEO of Alok Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Surendra Jiwrajka
COMPENSATION ₹14,475,806
AGE 60
CEO Bio

Mr. Surendra Bhagirathmal Jiwrajka, B.Com., has been the Managing Director of Grabal Alok Impex Ltd since April 1, 2010. Mr. Jiwrajka has been the Joint Managing Director of Alok Industries Ltd since March 2008 and has been its Chief Executive Officer of Polyester since July 17, 2017. Mr. Jiwrajka served as Vice President of Alok Industries Limited. Mr. Jiwrajka is an Profession Industrialist and is Expertise in specific functional areas Production and Marketing of Yarn and Knitted Fabrics, Exports and Project Management. Mr. Jiwrajka has been an Executive Director of Alok Industries Ltd. since March 12, 1986. He has been an Executive Director of Grabal Alok Impex Ltd. since April 1, 2010. and Alok Infrastructure Pvt Ltd. He serves as Chairman and Member of the Committee, Member of Executive Committee and Share of Board of Directors of Alok Textile Industries Limited. He serves as director of Alok Knits Exports Limited, Aurangabad Textiles & Apparel Parks limited, Alspun infrastructure limited, Alok Apparels Private Limited, Alok Clothing Private Limited, Alok Retail (India) limited, Alok Realtors private Limited, Alok Land Holdings Private Limited, Alok Aurangabad infratex Private Limited, Alok New City Infratex Private Limited, Alok Industries International Limited and Grabal Alok International limited. He also serves as Director of Alok Denims (India) Private Limited, Alok Finance Private Limited, Jiwrajka Associates Private Limited, Jiwrajka Investment Private Limited, Niraj Realtors and Shares Private Limited, Nirvan Holdings Private Limited, Ashford Infotech Private Limited, Gogri Properties Private Limited, Alok HB Properties Private Limited and Alok HB Hotels Private Limited. Mr. Jiwrajka's schooling and college were completed in Mumbai. Immediately after his graduation he joined the family partnership firm for trading in yarn and thereafter co-founded Alok Industries Limited in 1986.

CEO Compensation
  • Surendra's compensation has been consistent with company performance over the past year.
  • Surendra's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Alok Industries management team in years:

6
Average Tenure
53
Average Age
  • The average tenure for the Alok Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Surendra Jiwrajka

TITLE
Joint MD
COMPENSATION
₹14M
AGE
60

Dilip Jiwrajka

TITLE
MD, CEO of Apparel Fabrics & Executive Director
COMPENSATION
₹14M
AGE
61

Sunil Khandelwal

TITLE
Chief Financial Officer
COMPENSATION
₹13M
AGE
53

K. Gopal

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹12M
AGE
51

Ashok Jiwrajka

TITLE
CEO of Home Textiles & Executive Director
COMPENSATION
₹14M
AGE
67
TENURE
1.4 yrs

Senthilkumar Arumugham

TITLE
CEO of Processing & Executive Director
COMPENSATION
₹8M
AGE
53
TENURE
2.2 yrs

Tulsi Tejwani

TITLE
CEO of Weaving & Executive Director
COMPENSATION
₹7M
AGE
58

Alok Jiwrajka

TITLE
Chief Operating Officer
COMPENSATION
₹15M
AGE
41
TENURE
6 yrs

Varun Jiwrajka

TITLE
Joint Chief Operating Officer
AGE
33
TENURE
6 yrs

Niraj Jiwrajka

TITLE
Joint Chief Operating Officer
AGE
32
TENURE
6 yrs
Board of Directors Tenure

Average tenure and age of the Alok Industries board of directors in years:

2.3
Average Tenure
60.5
Average Age
  • The average tenure for the Alok Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Surinder Bhoan

TITLE
Independent Chairman
COMPENSATION
₹20K
AGE
69
TENURE
3.8 yrs

Surendra Jiwrajka

TITLE
Joint MD
COMPENSATION
₹14M
AGE
60
TENURE
32.9 yrs

Dilip Jiwrajka

TITLE
MD, CEO of Apparel Fabrics & Executive Director
COMPENSATION
₹14M
AGE
61

Ashok Jiwrajka

TITLE
CEO of Home Textiles & Executive Director
COMPENSATION
₹14M
AGE
67
TENURE
3.8 yrs

Senthilkumar Arumugham

TITLE
CEO of Processing & Executive Director
COMPENSATION
₹8M
AGE
53
TENURE
2.3 yrs

Tulsi Tejwani

TITLE
CEO of Weaving & Executive Director
COMPENSATION
₹7M
AGE
58
TENURE
2.3 yrs

Keshav Hodavdekar

TITLE
Additional Independent Director
COMPENSATION
₹20K
AGE
67
TENURE
1.8 yrs

Suneet Shukla

TITLE
Nominee Director
COMPENSATION
₹20K
AGE
49
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Alok Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Alok Industries 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.

ALOKTEXT News

External News
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Simply Wall St News

Who Are The Top Investors In Alok Industries Limited (NSE:ALOKTEXT)?

In this article, I'm going to take a look at Alok Industries Limited’s (NSE:ALOKTEXT) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Is Alok Industries Limited's (NSE:ALOKTEXT) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Alok Industries Limited (NSE:ALOKTEXT) with its market cap of ₹4.64b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Breaking Down Alok Industries Limited's (NSE:ALOKTEXT) Ownership Structure

In this article, I'm going to take a look at Alok Industries Limited’s (NSEI:ALOKTEXT) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … With 8.45% ownership, ALOKTEXT insiders is an important ownership type.

Simply Wall St -

Where Alok Industries Limited (NSE:ALOKTEXT) Stands In Earnings Growth Against Its Industry

Measuring Alok Industries Limited's (NSEI:ALOKTEXT) track record of past performance is a valuable exercise for investors. … Check out our latest analysis for Alok Industries How ALOKTEXT fared against its long-term earnings performance and its industry I prefer to use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For Alok Industries, its latest earnings (trailing twelve month) is -₹30.83B, which, relative to the prior year's figure, has become less negative.

Simply Wall St -

How Does Investing In Alok Industries Limited (NSE:ALOKTEXT) Impact Your Portfolio?

Generally, an investor should consider two types of risk that impact the market value of ALOKTEXT. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Based on this beta value, ALOKTEXT may be a stock for investors with a portfolio mainly made up of low-beta stocks.

Simply Wall St -

Is Alok Industries Limited (NSE:ALOKTEXT) A Financially Sound Company?

Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: ALOKTEXT’s high debt level indicates room for improvement. … Furthermore, its cash flow coverage of less than a quarter of debt means that operating efficiency could also be an issue.

Simply Wall St -

Does Alok Industries Limited (NSE:ALOKTEXT) Have Enough Money Left To Grow?

The measure of how fast Alok Industries goes through its cash reserves over time is called the cash burn rate. … NSEI:ALOKTEXT Income Statement Feb 28th 18 When will Alok Industries need to raise more cash? … Although this is a relatively simplistic calculation, and Alok Industries may continue to reduce its costs further or raise debt capital instead of coming to equity markets, the analysis still helps us understand how sustainable the Alok Industries’s operation is, and when things may have to change.

Simply Wall St -

Future Outlook Of Consumer Industry And Alok Industries Limited (NSE:ALOKTEXT)

Alok Industries Limited (NSEI:ALOKTEXT), a ₹5.11B small-cap, operates in the consumer discretionary industry, whose sales are driven primarily by consumer sentiment, which is closely linked to employment and wages. … In this article, I’ll take you through the sector growth expectations, as well as evaluate whether Alok Industries is lagging or leading its competitors in the industry. … Check out our latest analysis for Alok Industries What’s the catalyst for Alok Industries's sector growth?

Simply Wall St -

Did Alok Industries Limited's (NSE:ALOKTEXT) Recent Earnings Growth Beat The Trend?

Today I will assess ALOKTEXT's recent performance announced on 31 March 2017 and weigh these figures against its long-term trend and industry movements. … Check out our latest analysis for Alok Industries Did ALOKTEXT beat its long-term earnings growth trend and its industry? … This suggests that though Alok Industries is currently running a loss, any recent headwind the industry is facing, the impact on Alok Industries has been softer relative to its peers.What does this mean?

Simply Wall St -

Is Alok Industries Limited (NSE:ALOKTEXT) A Financially Sound Company?

ALOKTEXT has built up its total debt levels in the last twelve months, from ₹220,386.5M to ₹255,058.0M – this includes both the current and long-term debt. … With a high level of debt on its balance sheet, ALOKTEXT could still be in a financially strong position if its cash flow also stacked up. … ALOKTEXT's high debt levels along with poor cash coverage as well as low liquidity coverage of near-term commitments may not build the strongest investment case.

Simply Wall St -

ALOKTEXT Company Info

Map
Description

Alok Industries Limited manufactures and sells textile products in India and internationally. The company provides accessories, inlcuding shopping bags and handkerchiefs; apparel fabrics, such as woven and knitted products; corrugated pallets; cotton and blended yarns; and Schiffli and multi-head computerized embroidery on woven, non-woven, and knitted garments, as well as laces. It also offers woven and knitted garments for men, women, and children comprising casual wear, sportswear, foundation wear, sleep wear, workwear and industrial garments, and uniforms. In addition, the company provides home textiles, such as bed linen and terry towel products; polyester texturized, partially oriented, and fully drawn yarns; and technical textiles/work wear fabric products. The company also exports its products to approximately 90 countries, including the United States, Europe, Latin America, Asia, and Africa. Alok Industries Limited was founded in 1986 and is based in Mumbai, India.

Details
Name: Alok Industries Limited
ALOKTEXT
Exchange: NSEI
Founded: 1986
₹4,999,663,958
1,377,317,895
Website: http://www.alokind.com
Address: Alok Industries Limited
Tower B,
2nd & 3rd Floor,
Mumbai,
Maharashtra, 400013,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 521070 Equity Shares Mumbai Stock Exchange IN INR 10. Apr 1996
NSEI ALOKTEXT Equity Shares National Stock Exchange of India IN INR 10. Apr 1996
Number of employees
Current staff
Staff numbers
18,000
Alok Industries employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/15 12:47
End of day share price update: 2018/12/14 00:00
Last earnings filing: 2018/12/05
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.