Arcotech Limited manufactures and supplies non-ferrous engineering products primarily in India.
Overvalued with worrying balance sheet.
Share Price & News
How has Arcotech's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ARCOTECH's share price has been volatile over the past 3 months.
7 Day Return
IN Metals and Mining
1 Year Return
IN Metals and Mining
Return vs Industry: ARCOTECH underperformed the Indian Metals and Mining industry which returned -52% over the past year.
Return vs Market: ARCOTECH underperformed the Indian Market which returned -30.6% over the past year.
Price Volatility Vs. Market
How volatile is Arcotech's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIs Arcotech Limited's (NSE:ARCOTECH) CEO Paid Enough Relative To Peers?
1 month ago | Simply Wall StCould Arcotech Limited's (NSE:ARCOTECH) Investor Composition Influence The Stock Price?
3 months ago | Simply Wall StDid Changing Sentiment Drive Arcotech's (NSE:ARCOTECH) Share Price Down A Disastrous 98%?
Is Arcotech undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ARCOTECH's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ARCOTECH's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ARCOTECH is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: ARCOTECH 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 ARCOTECH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ARCOTECH is good value based on its PB Ratio (0.1x) compared to the IN Metals and Mining industry average (0.5x).
How is Arcotech forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials 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 Arcotech 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.
- Take a look at our analysis of ARCOTECH’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.
- Arcotech competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Arcotech performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ARCOTECH is currently unprofitable.
Growing Profit Margin: ARCOTECH is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ARCOTECH is unprofitable, and losses have increased over the past 5 years at a rate of -70.2% per year.
Accelerating Growth: Unable to compare ARCOTECH's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ARCOTECH is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.1%).
Return on Equity
High ROE: ARCOTECH has a negative Return on Equity (-75.4%), as it is currently unprofitable.
How is Arcotech's financial position?
Financial Position Analysis
Short Term Liabilities: ARCOTECH's short term assets (₹4.2B) do not cover its short term liabilities (₹5.2B).
Long Term Liabilities: ARCOTECH's short term assets (₹4.2B) exceed its long term liabilities (₹195.6M).
Debt to Equity History and Analysis
Debt Level: ARCOTECH's debt to equity ratio (323.1%) is considered high.
Reducing Debt: ARCOTECH's debt to equity ratio has increased from 144% to 323.1% over the past 5 years.
Inventory Level: ARCOTECH has a high level of physical assets or inventory.
Debt Coverage by Assets: ARCOTECH's debt is covered by short term assets (assets are 1.1x debt).
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.
Stable Cash Runway: ARCOTECH has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: ARCOTECH has been profitable on average in the past, therefore cash runway is not a concern.
What is Arcotech's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ARCOTECH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ARCOTECH'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 ARCOTECH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ARCOTECH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ARCOTECH is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ARCOTECH's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Radha Pattanayak (59yo)
Mr. Radha Nath Pattanayak, B. Com., MBA, has been its Whole Time Director since December 18, 2006 and served as its Director of Commercial. Mr. Pattanayak is experienced in the marketing of non-ferrous pro ...
CEO Compensation Analysis
Compensation vs Market: Radha's total compensation ($USD55.74K) is about average for companies of similar size in the Indian market ($USD48.16K).
Compensation vs Earnings: Radha's compensation has been consistent with company performance over the past year.
|Whole Time Director||13.25yrs||₹4.20m||0.00048% ₹463.7|
|Chairman||no data||no data||3.36% ₹3.2m|
|Independent Director||14.25yrs||₹252.00k||no data|
|Non-Executive Independent Director||5.42yrs||₹216.00k||no data|
Experienced Board: ARCOTECH's board of directors are seasoned and experienced ( 13.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Arcotech Limited's company bio, employee growth, exchange listings and data sources
- Name: Arcotech Limited
- Ticker: ARCOTECH
- Exchange: NSEI
- Founded: 1981
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: ₹96.600m
- Shares outstanding: 105.00m
- Website: https://www.arcotech.in
Number of Employees
- Arcotech Limited
- F-701 A, Lado Sarai
- New Delhi
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|532914||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Apr 2008|
|ARCOTECH||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Apr 2008|
Arcotech Limited manufactures and supplies non-ferrous engineering products primarily in India. The company offers non-ferrous alloy products, including copper, brass, phosphor bronze, nickel silver, nickel brass, cupro nickel, aluminum bronze, tin bearing copper, silver bearing copper, etc. in the form of semis, such as ingots, strips, sheets, plates, foils, bus bars, and rods, as well as coin blanks, lugs, key blanks, terminals, connectors, etc. It also offers sheet metal stamping services and metal components; HSS, carbide, and graphite tools; and value added services, including welding, riveting, tapping, and mechanical assembly services. The company serves automobile, electronic, electrical/power transmission, cable, housing, and air-conditioning industries; manufacturers of torches and flash lights, zippers/buttons, locks and keys, watches and clocks, handicrafts and decorative items, and gas stoves; coin mints; and valves, riveting, and other general engineering users, as well as ordinance factories and defense sector. Arcotech Limited also exports its products to approximately 21 countries in Asia, Africa, North America, South America, Australia, and Europe. The company was incorporated in 1981 and is based in New Delhi, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 13:18|
|End of Day Share Price||2020/03/31 00:00|
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.