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Arrow Textiles

NSEI:ARROWTEX
Snowflake Description

Flawless balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ARROWTEX
NSEI
₹333M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Arrow Textiles Limited manufactures and sells textile woven labels, fabric printed labels, and elastic/woven tapes primarily in India. The last earnings update was 70 days ago. More info.


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ARROWTEX Share Price and Events
7 Day Returns
2.9%
NSEI:ARROWTEX
0.8%
IN Luxury
1.1%
IN Market
1 Year Returns
-51.4%
NSEI:ARROWTEX
-3.5%
IN Luxury
-0.9%
IN Market
ARROWTEX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Arrow Textiles (ARROWTEX) 2.9% -3.3% -14% -51.4% -45.5% 215%
IN Luxury 0.8% 1.3% 8.5% -3.5% 47.6% 164.4%
IN Market 1.1% 1.8% 5.7% -0.9% 41% 72.2%
1 Year Return vs Industry and Market
  • ARROWTEX underperformed the Luxury industry which returned -3.5% over the past year.
  • ARROWTEX underperformed the Market in India which returned -0.9% over the past year.
Price Volatility
ARROWTEX
Industry
5yr Volatility vs Market
Related Companies

ARROWTEX Value

 Is Arrow Textiles 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 Arrow Textiles 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 Arrow Textiles.

NSEI:ARROWTEX 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 14.7%
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.

Calculation of Discount Rate/ Cost of Equity for NSEI:ARROWTEX
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))
= 0.731 (1 + (1- 35%) (3.59%))
0.831
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.831 * 8.6%)
14.7%

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

The calculations below outline how an intrinsic value for Arrow Textiles 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.

NSEI:ARROWTEX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.7%)
2019 35.31 Est @ 12.76% 30.79
2020 39.27 Est @ 11.2% 29.85
2021 43.24 Est @ 10.1% 28.65
2022 47.27 Est @ 9.34% 27.32
2023 51.43 Est @ 8.8% 25.91
2024 55.77 Est @ 8.43% 24.50
2025 60.32 Est @ 8.16% 23.10
2026 65.13 Est @ 7.98% 21.75
2027 70.25 Est @ 7.85% 20.45
2028 75.70 Est @ 7.76% 19.21
Present value of next 10 years cash flows ₹251.53
NSEI:ARROWTEX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹75.70 × (1 + 7.55%) ÷ (14.7% – 7.55%)
₹1,139.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹1,139.32 ÷ (1 + 14.7%)10
₹289.18
NSEI:ARROWTEX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹251.53 + ₹289.18
₹540.71
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹540.71 / 19.04
₹28.39
NSEI:ARROWTEX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:ARROWTEX represents 1.01714x of BSE:533068
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01714x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 28.39 x 1.01714
₹28.88
Value per share (INR) From above. ₹28.88
Current discount Discount to share price of ₹17.80
= -1 x (₹17.80 - ₹28.88) / ₹28.88
38.4%

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

Current Discount
Amount off the current price Arrow Textiles is available for.
Intrinsic value
38%
Share price is ₹17.8 vs Future cash flow value of ₹28.88
Current Discount Checks
For Arrow Textiles to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Arrow Textiles's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Arrow Textiles's share price is below the future cash flow value, but not 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 Arrow Textiles's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Arrow Textiles's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:ARROWTEX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹0.98
BSE:533068 Share Price ** BSE (2019-04-18) in INR ₹17.5
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,736 Publicly-Listed Companies 16.34x

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

** Primary Listing of Arrow Textiles.

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

= BSE:533068 Share Price ÷ EPS (both in INR)

= 17.5 ÷ 0.98

17.88x

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

  • Arrow Textiles is overvalued based on earnings compared to the IN Luxury industry average.
  • Arrow Textiles is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Arrow Textiles's expected growth come at a high price?
Raw Data
NSEI:ARROWTEX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.9%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 584 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 Arrow Textiles, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Arrow Textiles's assets?
Raw Data
NSEI:ARROWTEX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹16.84
BSE:533068 Share Price * BSE (2019-04-18) in INR ₹17.5
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,627 Publicly-Listed Companies 1.11x
NSEI:ARROWTEX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533068 Share Price ÷ Book Value per Share (both in INR)

= 17.5 ÷ 16.84

1.04x

* Primary Listing of Arrow Textiles.

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

  • Arrow Textiles is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Arrow Textiles'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. Arrow Textiles has a total score of 1/6, 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.

ARROWTEX Future Performance

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

  • No analysts cover Arrow Textiles, 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!
Annual Growth Rate
3.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Arrow Textiles expected to grow at an attractive rate?
  • Arrow Textiles's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Arrow Textiles's earnings growth is positive but not above the India market average.
  • Unable to compare Arrow Textiles's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:ARROWTEX Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:ARROWTEX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.9%
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 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*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:ARROWTEX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:ARROWTEX Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 431 19
2018-09-30 421 21
2018-06-30 410 20
2018-03-31 397 33 16
2017-12-31 409 17
2017-09-30 422 19
2017-06-30 455 33
2017-03-31 473 90 39
2016-12-31 485 32
2016-09-30 504 40
2016-06-30 499 48
2016-03-31 491 102 53

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Arrow Textiles's earnings are expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Arrow Textiles 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:ARROWTEX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Arrow Textiles Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ARROWTEX Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 0.98
2018-09-30 1.08
2018-06-30 1.04
2018-03-31 0.84
2017-12-31 0.91
2017-09-30 0.99
2017-06-30 1.74
2017-03-31 2.04
2016-12-31 1.69
2016-09-30 2.09
2016-06-30 2.49
2016-03-31 2.79

*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 Arrow Textiles will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Arrow Textiles'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.
Arrow Textiles 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.

ARROWTEX Past Performance

  How has Arrow Textiles 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 Arrow Textiles'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.
  • Arrow Textiles's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Arrow Textiles's 1-year earnings growth exceeds its 5-year average (8.9% vs -17.6%)
  • Arrow Textiles's earnings growth has not exceeded the IN Luxury industry average in the past year (8.9% vs 14.8%).
Earnings and Revenue History
Arrow Textiles'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 Arrow Textiles Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ARROWTEX Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 430.89 18.75 111.18
2018-09-30 420.57 20.84 110.57
2018-06-30 409.72 19.88 110.52
2018-03-31 396.53 16.07 110.26
2017-12-31 408.63 17.21 113.76
2017-09-30 421.82 18.83 112.52
2017-06-30 454.67 33.16 110.48
2017-03-31 473.30 38.78 105.24
2016-12-31 485.29 32.05 110.20
2016-09-30 504.15 39.87 105.87
2016-06-30 499.35 47.76 96.59
2016-03-31 491.31 53.14 96.84
2015-12-31 488.27 50.53 118.33
2015-09-30 479.55 54.14 117.74
2015-06-30 483.40 48.18 83.72
2015-03-31 479.05 47.29 84.03
2014-12-31 469.24 50.12 108.18
2014-09-30 457.99 40.01 104.57
2014-06-30 436.10 35.25 75.24
2014-03-31 418.99 35.74 101.14
2013-12-31 411.45 51.03 101.65
2013-09-30 393.82 44.52 98.23
2013-06-30 385.58 37.56 66.88
2013-03-31 368.70 29.77 91.56
2012-12-31 350.19 7.93 86.21
2012-09-30 333.36 4.56 85.11
2012-06-30 324.26 0.80 85.93

*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.
  • Arrow Textiles has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Arrow Textiles used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Arrow Textiles's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Arrow Textiles'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.
Arrow Textiles has a total score of 1/6, 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.

ARROWTEX Health

 How is Arrow Textiles'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 Arrow Textiles's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Arrow Textiles is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Arrow Textiles's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Arrow Textiles'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.
  • Debt is covered by short term assets, assets are 20.8x 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.
Raw Data

All data from Arrow Textiles Company Filings, last reported 3 months ago.

NSEI:ARROWTEX Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 324.46 11.96 66.14
2018-09-30 324.46 11.96 66.14
2018-06-30 353.88 30.11 69.20
2018-03-31 353.88 30.11 69.20
2017-12-31 336.02 23.90 99.97
2017-09-30 336.02 23.90 99.97
2017-06-30 368.37 42.35 103.52
2017-03-31 371.63 42.22 107.87
2016-12-31 345.33 36.17 65.73
2016-09-30 345.33 36.17 65.73
2016-06-30 333.12 44.16 61.17
2016-03-31 333.12 56.45 61.17
2015-12-31 328.38 48.71 9.69
2015-09-30 328.38 48.71 9.69
2015-06-30 302.73 103.42 60.80
2015-03-31 302.73 128.94 60.80
2014-12-31 274.24 71.07 8.36
2014-09-30 274.24 71.07 8.36
2014-06-30 257.07 62.23 1.47
2014-03-31 257.06 85.34 1.47
2013-12-31 235.86 79.70 0.96
2013-09-30 235.86 79.70 0.96
2013-06-30 221.32 148.14 18.92
2013-03-31 221.32 174.90 18.92
2012-12-31 191.34 154.31 19.48
2012-09-30 191.34 154.31 19.48
2012-06-30 191.55 185.09 18.42
  • Arrow Textiles's level of debt (3.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (33.8% vs 3.7% today).
  • Debt is well covered by operating cash flow (280%, greater than 20% of total debt).
  • Arrow Textiles earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Arrow Textiles'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. Arrow Textiles has a total score of 6/6, 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.

ARROWTEX Dividends

 What is Arrow Textiles'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
8.57%
Current annual income from Arrow Textiles dividends.
If you bought ₹2,000 of Arrow Textiles shares you are expected to receive ₹171 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?
  • Arrow Textiles's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Arrow Textiles's dividend is above the markets top 25% of dividend payers in India (1.94%).
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:ARROWTEX 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 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 1.9%

Industry and Market average data is calculated daily.

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

NSEI:ARROWTEX Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-10 1.500 6.910
2018-05-18 1.500 4.920
2017-08-31 1.500 3.566
2017-06-16 1.500 3.390
2017-05-15 1.500 3.207
2016-09-28 1.000 2.352
2016-05-12 1.000 2.548

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

  • Whilst dividend payments have been stable, Arrow Textiles has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Arrow Textiles only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Arrow Textiles's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
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 Arrow Textiles'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 Arrow Textiles afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Arrow Textiles has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ARROWTEX Management

 What is the CEO of Arrow Textiles'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
Ram Shroff
AGE 47
TENURE AS CEO 0.4 years
CEO Bio

Dr. Ram H. Shroff has been Managing Director at Arrow Textiles Limited since November1, 2018. Dr. Ram H. Shroff has been Managing Director and Executive Vice Chairman of Delta Magnets Limited since October 1, 2012 and served as its Qualified Medical Director. Dr. Shroff serves as a Director of Charak Pharma Private Limited, Ayurmedica Trading Company (India) Private Limited. Through his initiatives the Company has grown its market share substantially and has introduced several new products which have helped bring a new dimension in medical treatment of patients. Dr. Shroff has also initiated Charak Pharma' s international presence. Charak is now available in more than 45 countries around the world. In addition, Dr. Shroff has participated in several local and international medical conferences impressing the need of alternative medicines for the treatment of patients. Dr. Shroff serves as a Director of Crème ­De-La-Crème Private Limited, Stride Horse Racing Private Limited, SSI Trading Private Limited, Digi Med Network Private Limited and RWITC Limited. He has been Director at Delta Magnets Limited since August 1, 2011. Dr. Shroff has streamlined the operation of the company by consolidating its resources like spearheading expansion of soft ferrite facility from 7 MT per month to 70 MT p.m. and improving hard ferrite production from 70 MT p.m to 125 MT p.m. with incremental investment etc .. His customer oriented approach coupled with his zeal for innovation has enabled the company to win many new customers and gain foot print in the industry.Under his leadership the Company caters to varied industries ranging from Automobiles, Railways, Telecommunication amongst others. Today Delta Magnets is one of the leading players in the Industry and poised to grow further.

CEO Compensation
  • Insufficient data for Ram to compare compensation growth.
  • Insufficient data for Ram to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure of the Arrow Textiles management team in years:

0.9
Average Tenure
  • The average tenure for the Arrow Textiles management team is less than 2 years, this suggests a new team.
Management Team

Ulhas Kale

TITLE
Chief Financial Officer
COMPENSATION
₹1M
TENURE
4.7 yrs

Ram Shroff

TITLE
Managing Director & Director
AGE
47
TENURE
0.4 yrs

Saurabh Gangadhare

TITLE
Company Secretary & Compliance Officer
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Arrow Textiles board of directors in years:

4.7
Average Tenure
56.5
Average Age
  • The tenure for the Arrow Textiles board of directors is about average.
Board of Directors

Jaydev Mody

TITLE
Non-Executive Chairman
COMPENSATION
₹15K
AGE
63

Ram Shroff

TITLE
Managing Director & Director
AGE
47
TENURE
0.4 yrs

Aditya Mangaldas

TITLE
Independent Director
COMPENSATION
₹38K
AGE
55
TENURE
10.5 yrs

Aurobind Patel

TITLE
Independent Director
COMPENSATION
₹23K
AGE
66
TENURE
10.5 yrs

Anjali Mody

TITLE
Non Executive Director
COMPENSATION
₹20K
AGE
32
TENURE
4.7 yrs

Vrajesh Udani

TITLE
Independent Director
COMPENSATION
₹30K
AGE
58
TENURE
4.7 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 Arrow Textiles'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. Arrow Textiles 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.

ARROWTEX News

Simply Wall St News

Was Arrow Textiles Limited's (NSE:ARROWTEX) Earnings Growth Better Than The Industry's?

Assessing Arrow Textiles Limited's (NSE:ARROWTEX) past track record of performance is a useful exercise for investors. … Below, I assess ARROWTEX's latest performance announced on 30 September 2018 and evaluate these figures to its historical trend and industry movements. … ARROWTEX's trailing twelve-month earnings (from 30 September 2018) of ₹21m has.

Simply Wall St -

How Did Arrow Textiles Limited's (NSE:ARROWTEX) 6.4% ROE Fare Against The Industry?

To keep the lesson grounded in practicality, we'll use ROE to better understand Arrow Textiles Limited (NSE:ARROWTEX). … Arrow Textiles has a ROE of 6.4%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Understanding Your Return On Investment In Arrow Textiles Limited (NSE:ARROWTEX)

and want to better understand how you can grow your money by investing in Arrow Textiles Limited (NSE:ARROWTEX). … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Thus, to understand how your money can grow by investing in Arrow Textiles, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Is Arrow Textiles Limited (NSE:ARROWTEX) A Strong Dividend Stock?

Over the past 2 years, Arrow Textiles Limited (NSE:ARROWTEX) has returned an average of 4.00% per year to shareholders in terms of dividend yield. … Let's dig deeper into whether Arrow Textiles should have a place in your portfolio. … See our latest analysis for Arrow Textiles

Simply Wall St -

Arrow Textiles Limited (NSE:ARROWTEX): What Are Investors Earning On Their Capital?

and looking to gauge the potential return on investment in Arrow Textiles Limited (NSE:ARROWTEX). … Your return is tied to ARROWTEX’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … Therefore, looking at how efficiently Arrow Textiles is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Want To Invest In Arrow Textiles Limited (NSE:ARROWTEX)? Here's How It Performed Lately

Today I will take a look at Arrow Textiles Limited's (NSE:ARROWTEX) most recent earnings update (31 March 2018) and compare these latest figures against its performance over the past few years, as well as how the rest of the luxury industry performed. … View out our latest analysis for Arrow Textiles? … ARROWTEX's trailing twelve-month earnings (from 31 March 2018) of ₹16.07m has

Simply Wall St -

Should You Be Tempted To Sell Arrow Textiles Limited (NSE:ARROWTEX) Because Of Its PE Ratio?

and want to better understand how you can grow your money by investing in Arrow Textiles Limited (NSE:ARROWTEX). … Arrow Textiles Limited (NSE:ARROWTEX) trades with a trailing P/E of 38.7x, which is higher than the industry average of 16.9x. … See our latest analysis for Arrow Textiles

Simply Wall St -

ARROWTEX Company Info

Description

Arrow Textiles Limited manufactures and sells textile woven labels, fabric printed labels, and elastic/woven tapes primarily in India. The company offers belly bands, button hole and wash care labels, children's printed elastic tapes, cotton printed labels, cut and fold types, woven tapes, trouser gripper tapes, grosgrain tapes, hanger loop labels, iron on printed labels, fabric labels with consecutive numbering, laser cut labels, name elastic tapes, and needle loom woven edge labels. It also provides plain woven elastic, paper price stickers and tickets, plain elastic tapes, polyester printed labels, print on slub substrates, print on tear away substrates, printed elastic tapes, printed woven labels, satin printed labels, screen printed labels, and self-adhesive woven and printed labels. In addition, the company exports its products. It provides its products for use in apparels and made-ups, including terry towels and home furnishings. The company was founded in 1983 and is based in Nashik, India.

Details
Name: Arrow Textiles Limited
ARROWTEX
Exchange: NSEI
Founded: 1983
₹333,268,932
19,043,939
Website: http://www.arrowtextiles.com
Address: Arrow Textiles Limited
Plot No. 101-103, 19th Street,
MIDC,
Nashik,
Maharashtra, 422007,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533068 Equity Shares Mumbai Stock Exchange IN INR 11. May 2009
NSEI ARROWTEX Equity Shares National Stock Exchange of India IN INR 11. May 2009
Number of employees
Current staff
Staff numbers
309
Arrow Textiles employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:51
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
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.