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Adarsh Mercantile

BSE:538563
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
538563
BSE
₹22M
Market Cap
  1. Home
  2. IN
  3. Retail
Company description

Adarsh Mercantile Limited trades in commodities in India. The last earnings update was 131 days ago. More info.


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538563 Share Price and Events
7 Day Returns
0%
BSE:538563
-2.6%
IN Retail Distributors
-2.7%
IN Market
1 Year Returns
-
BSE:538563
-33.2%
IN Retail Distributors
-12.4%
IN Market
538563 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Adarsh Mercantile (538563) 0% 0% - - - -
IN Retail Distributors -2.6% -5.3% 5.8% -33.2% -21.3% -16.1%
IN Market -2.7% -3.7% 0.1% -12.4% 37.4% 85.3%
1 Year Return vs Industry and Market
  • No trading data on 538563.
  • No trading data on 538563.
Price Volatility
538563
Industry
5yr Volatility vs Market

538563 Value

 Is Adarsh Mercantile 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 Adarsh Mercantile 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 Adarsh Mercantile.

BSE:538563 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 13.5%
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 BSE:538563
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.552 (1 + (1- 35%) (45.89%))
0.717
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for BSE:538563 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Adarsh Mercantile 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.

BSE:538563 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 11.61 12.07 12.55 13.04 13.56
Source Est @ 3.94% Est @ 3.94% Est @ 3.94% Est @ 3.94% Est @ 3.94%
Present Value
Discounted (@ 13.51%)
10.23 9.37 8.58 7.86 7.20
Present value of next 5 years cash flows ₹43.24
BSE:538563 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹13.56 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹244.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹244.67 ÷ (1 + 13.51%)5
₹129.84
BSE:538563 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹43.24 + ₹129.84
₹173.08
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹173.08 / 3.68
₹47.1
BSE:538563 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹47.10
Current discount Discount to share price of ₹5.90
= -1 x (₹5.90 - ₹47.10) / ₹47.10
87.5%

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

Current Discount
Amount off the current price Adarsh Mercantile is available for.
Intrinsic value
>50%
Share price is ₹5.9 vs Future cash flow value of ₹47.1
Current Discount Checks
For Adarsh Mercantile to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Adarsh Mercantile's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Adarsh Mercantile'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 Adarsh Mercantile's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Adarsh Mercantile's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:538563 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹1.72
BSE:538563 Share Price ** BSE (2018-11-02) in INR ₹5.9
India Retail Distributors Industry PE Ratio Median Figure of 48 Publicly-Listed Retail Distributors Companies 44.09x
India Market PE Ratio Median Figure of 2,742 Publicly-Listed Companies 16.16x

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

** Primary Listing of Adarsh Mercantile.

BSE:538563 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:538563 Share Price ÷ EPS (both in INR)

= 5.9 ÷ 1.72

3.43x

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

  • Adarsh Mercantile is good value based on earnings compared to the IN Retail Distributors industry average.
  • Adarsh Mercantile is good value based on earnings compared to the India market.
Price based on expected Growth
Does Adarsh Mercantile's expected growth come at a high price?
Raw Data
BSE:538563 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-27.8%per year
Global Retail Distributors Industry PEG Ratio Median Figure of 19 Publicly-Listed Retail Distributors Companies 1.29x
India Market PEG Ratio Median Figure of 626 Publicly-Listed Companies 1.11x

*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 Adarsh Mercantile, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Adarsh Mercantile's assets?
Raw Data
BSE:538563 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹20.94
BSE:538563 Share Price * BSE (2018-11-02) in INR ₹5.9
India Retail Distributors Industry PB Ratio Median Figure of 83 Publicly-Listed Retail Distributors Companies 1.06x
India Market PB Ratio Median Figure of 3,577 Publicly-Listed Companies 1.11x
BSE:538563 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:538563 Share Price ÷ Book Value per Share (both in INR)

= 5.9 ÷ 20.94

0.28x

* Primary Listing of Adarsh Mercantile.

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

  • Adarsh Mercantile is good value based on assets compared to the IN Retail Distributors industry average.
X
Value checks
We assess Adarsh Mercantile'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 Retail Distributors 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 Retail Distributors industry average (and greater than 0)? (1 check)
  5. Adarsh Mercantile has a total score of 5/6, 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.

538563 Future Performance

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

  • No analysts cover Adarsh Mercantile, 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
-27.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Adarsh Mercantile expected to grow at an attractive rate?
  • Adarsh Mercantile's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Adarsh Mercantile's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Adarsh Mercantile's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:538563 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:538563 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -27.8%
India Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average -2.7%
Global Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.5%

*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
BSE:538563 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 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.
BSE:538563 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 19 -2 6
2017-03-31 8 -1 -0
2016-06-30 6 1
2016-03-31 5 -4 0
2015-12-31 12 -0
2015-09-30 15 2
2015-06-30 13 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Adarsh Mercantile's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Adarsh Mercantile 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
BSE:538563 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Adarsh Mercantile Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:538563 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 1.72
2017-03-31 -0.04
2016-06-30 0.38
2016-03-31 0.00
2015-12-31 -0.10
2015-09-30 0.60
2015-06-30 -0.04

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

538563 Past Performance

  How has Adarsh Mercantile 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 Adarsh Mercantile's growth in the last year to its industry (Retail Distributors).
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.
  • Adarsh Mercantile has delivered over 20% year on year earnings growth in the past 5 years.
  • Adarsh Mercantile has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Adarsh Mercantile has become profitable in the last year making it difficult to compare the IN Retail Distributors industry average.
Earnings and Revenue History
Adarsh Mercantile'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 Adarsh Mercantile Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:538563 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 18.97 6.32 0.90
2017-03-31 7.55 -0.13 0.66
2016-06-30 6.50 1.15 0.47
2016-03-31 4.99 0.01 0.62
2015-12-31 11.93 -0.33 1.52
2015-09-30 14.97 2.13 1.29
2015-06-30 12.72 -0.14 0.32
2015-03-31 15.54 0.42 0.23
2014-12-31 8.98 -0.43 0.52
2014-09-30 3.73 -2.07 0.55
2014-06-30 2.02 0.86 0.15
2014-03-31 5.08 0.30 0.55
2013-12-31 15.39 -1.23 0.17
2013-09-30 14.23 -0.51 0.16
2013-06-30 10.30 -1.92 0.13
2013-03-31 13.05 0.02 0.16
2012-12-31 16.93 1.99 0.12
2012-09-30 21.80 0.31 0.11
2012-06-30 28.48 1.27 0.11
2012-03-31 38.84 0.42 0.11

*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.
  • Adarsh Mercantile has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Adarsh Mercantile used its assets more efficiently than the IN Retail Distributors industry average last year based on Return on Assets.
  • Adarsh Mercantile has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Adarsh Mercantile'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 Retail Distributors 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.
Adarsh Mercantile has a total score of 3/6, 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.

538563 Health

 How is Adarsh Mercantile'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 Adarsh Mercantile's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Adarsh Mercantile is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Adarsh Mercantile has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Adarsh Mercantile'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x 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 Adarsh Mercantile Company Filings, last reported 9 months ago.

BSE:538563 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 76.94 9.95 5.84
2017-03-31 70.26 13.35 10.37
2016-06-30 55.91 13.80 13.75
2016-03-31 56.88 13.80 15.06
2015-12-31 56.24 4.20 4.62
2015-09-30 56.24 4.20 4.62
2015-06-30 55.88 5.00 8.28
2015-03-31 56.87 5.00 9.77
2014-12-31 54.10 9.54 4.13
2014-09-30 54.10 9.54 4.13
2014-06-30 55.78 8.60 2.81
2014-03-31 55.78 8.60 4.75
2013-12-31 56.18 8.00 9.36
2013-09-30 56.18 8.00 9.36
2013-06-30 55.49 8.50 21.23
2013-03-31 55.49 8.50 15.75
2012-12-31 56.69 5.00 21.19
2012-09-30 56.69 5.00 21.19
2012-06-30 55.47 12.18 32.23
2012-03-31 55.47 12.18 32.23
  • Adarsh Mercantile's level of debt (12.9%) 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 (15.3% vs 12.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 6.1x coverage).
X
Financial health checks
We assess Adarsh Mercantile'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. Adarsh Mercantile has a total score of 5/6, 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.

538563 Dividends

 What is Adarsh Mercantile'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 Adarsh Mercantile dividends.
If you bought ₹2,000 of Adarsh Mercantile 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 Adarsh Mercantile's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Adarsh Mercantile'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
BSE:538563 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 Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.3%
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 1.9%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Adarsh Mercantile has not reported any payouts.
  • Unable to verify if Adarsh Mercantile's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Adarsh Mercantile's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Adarsh Mercantile 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 Adarsh Mercantile'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 Adarsh Mercantile afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Adarsh Mercantile 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.

538563 Management

 What is the CEO of Adarsh Mercantile'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
Suchita Chhawchharia
COMPENSATION ₹120,000
AGE 39
CEO Bio

Mrs. Suchita Chhawchharia serves as the Chief Executive Officer at Adarsh Mercantile Limited and has been its Executive Director since June 24, 2013. Ms. Chhawchharia is responsible for operation and other functions of the Company. Mrs. Chhawchharia serves as a Director of Avon Credit Pvt. Ltd. She has vast experience in the financial sector. She has rich and varied experience in the field of Accounts, Finance, Investment and Fund Management. Mrs. Chhawchharia completed her MBA in marketing from Pune.

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

Suchita Chhawchharia

TITLE
CEO & Executive Director
COMPENSATION
₹120K
AGE
39

Shiv Sharma

TITLE
Chief Financial Officer
COMPENSATION
₹449K
AGE
54
TENURE
2.6 yrs

Ankita Banerjee

TITLE
Company Secretary & Compliance Officer
AGE
30
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the Adarsh Mercantile board of directors in years:

3.3
Average Tenure
39
Average Age
  • The tenure for the Adarsh Mercantile board of directors is about average.
Board of Directors

Suchita Chhawchharia

TITLE
CEO & Executive Director
COMPENSATION
₹120K
AGE
39
TENURE
5.6 yrs

Sundar Mohta

TITLE
Non-Executive Independent Director
TENURE
3.8 yrs

Aritra Basu

TITLE
Non-Executive Director
AGE
32
TENURE
2.8 yrs

Manish Khaitan

TITLE
Non-Executive Independent Director
AGE
43
TENURE
2.8 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 Adarsh Mercantile'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. Adarsh Mercantile 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.

538563 News

Simply Wall St News

538563 Company Info

Map
Description

Adarsh Mercantile Limited trades in commodities in India. It also trades in raw jute; and invests in property, mutual funds, shares, securities, etc. The company was founded in 1984 and is based in Kolkata, India.

Details
Name: Adarsh Mercantile Limited
538563
Exchange: BSE
Founded: 1984
₹21,682,500
3,675,000
Website: http://www.adarshmercantile.in
Address: Adarsh Mercantile Limited
8A & 8B, Satyam Towers,
3, Alipore Road,
Kolkata,
West Bengal, 700027,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 538563 Equity Shares Mumbai Stock Exchange IN INR 18. Jul 2014
Number of employees
Current staff
Staff numbers
5
Adarsh Mercantile employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/30 13:21
End of day share price update: 2018/11/02 00:00
Last earnings filing: 2018/09/21
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.