amit@unlistedkraft.in
+91-9599071664
+91-9599071664
Anugraha Valve Castings
DRHP Status : Not Filed
720
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 215 | 242 | 316 | 375 |
| Cost of Material Consumed | 134 | 186 | 245 | 280 |
| Gross Margins | 37.67 | 23.14 | 22.47 | 25.33 |
| Change in Inventory | 3 | -8 | -6 | -24 |
| Employee Benefit Expenses | 39 | 47 | 51 | 60 |
| Other Expenses | 12 | 12 | 17 | 23 |
| EBITDA | 27 | 5 | 9 | 36 |
| OPM | 12.56 | 2.07 | 2.85 | 9.6 |
| Other Income | 1 | 10 | 5 | 5 |
| Finance Cost | 0.6 | 0 | 2 | 4 |
| D&A | 9 | 9 | 9 | 9 |
| EBIT | 18 | -4 | 0 | 27 |
| EBIT Margins | 8.37 | -1.65 | 0 | 7.2 |
| PBT | 17 | 6 | 3 | 28 |
| PBT Margins | 7.91 | 2.48 | 0.95 | 7.47 |
| Tax | 4 | 2 | 1 | 8 |
| PAT | 13 | 4 | 2 | 20 |
| NPM | 6.05 | 1.65 | 0.63 | 5.33 |
| EPS | 36.93 | 11.36 | 5.68 | 56.82 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 12.56 | 2.07 | 2.85 | 9.6 |
| Net Profit Margin | 6.05 | 1.65 | 0.63 | 5.33 |
| Earning Per Share (Diluted) | 36.93 | 11.36 | 5.68 | 56.82 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 135 | 140 | 135 | 147 |
| CWIP | 1 | 6 | 18 | 0.83 |
| Investments | 0 | 0 | 0 | 0 |
| Trade Receivables | 60 | 68 | 89 | 106 |
| Inventory | 36 | 55 | 73 | 91 |
| Other Assets | 34 | 36 | 31 | 27.17 |
| Total Assets | 266 | 305 | 346 | 372 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 3.52 | 3.52 | 3.52 | 3.52 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 202 | 205 | 207 | 228 |
| Borrowings | 25 | 54 | 80 | 85 |
| Trade Payables | 9 | 16 | 26 | 25 |
| Other Liabilities | 26.48 | 26.48 | 29.48 | 30.48 |
| Total Liabilities | 266 | 305 | 346 | 372 |
| Name | Holding |
|---|---|
| Promoters | 86.16% |
| Other Investors | 13.84% |
Anugraha Valve Castings Limited is one of the leading steel foundries situated in the steel hub of South India, Coimbatore and has four Foundries and one Machine Shop. For the last two decades Anugraha has been serving to the major valve manufacturers who cater Engineering, Petroleum, Chemical and Gas Industries globally. Their reputation is built on providing timely delivery and Superior quality.
Anugraha’s main focus is on the production of Industrial Valve Castings with sizes ranging from 0.5” to 32” according to ASTM and EN Specifications in raw and fully machined condition. They strive to provide their customers with the shortest possible lead time in the industry and excellent customer service.
Anugraha exports over 36 million US dollars of steel castings per annum. As Anugraha follows consistent quality as per international standards, decorated with quality certifications like ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, etc.
Speaking of competence, Anugraha is second to none in equipping with state-of-the-art technologies in an expansive plinth area and has a dedicated band of trained personnel who work with the most recent Quality-Testing equipment. Consequently, various competent authorities have credited us.
Anugraha exports over 6,000 Metric tons of Steel, Stainless Steel, Alloy Steel, Nickel-based alloy, Duplex and Super Duplex steel castings per annum in raw and fully machined conditions.
Click Here to visit the official website of Anugraha Valve Casting
Strengths:
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Extensive Industry Experience: With around three decades in the steel casting sector, AVCL has developed deep expertise, contributing to its strong market presence.
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Established International Clientele: Approximately 90% of AVCL's revenue comes from exports, primarily to European countries like Germany, Italy, and France. The company's longstanding relationships with reputed clients have resulted in repeat orders and sustained business growth.
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Robust Financial Health: AVCL maintains a comfortable capital structure, with a gearing ratio of 0.4 times as of March 31, 2024. The company's debt protection metrics are strong, evidenced by an interest coverage ratio of 8.09 times and a Total Debt/Operating Profit Before Depreciation, Interest, and Taxes (TD/OPBDITA) ratio of 2.29 times in FY2024.
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Quality Certifications: The company adheres to international quality standards, holding certifications such as ISO 9001:2015, ISO 14001:2015, and OHSAS 18001:2007, which enhance its credibility in global markets.
Weaknesses:
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High Working Capital Intensity: AVCL's operations require significant working capital due to long manufacturing and transit cycles. The net working capital to operating income ratio was 49% in FY2024, indicating substantial funds tied up in operations.
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Customer Concentration Risk: The company faces a relatively high customer concentration, with the top 10 customers accounting for over 40% of total revenues. This reliance could impact financial stability if major clients reduce their orders.
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Exposure to Raw Material Price Fluctuations: AVCL's profitability is susceptible to changes in raw material costs, particularly ferrous scrap. Any significant price increases can adversely affect profit margins.
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Regulatory Risks: Given that a substantial portion of revenue is derived from exports, changes in international trade policies or export incentives could impact the company's earnings.
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Employee Concerns: Employee reviews indicate areas for improvement, with job security rated at 3.4 out of 5. Some employees have expressed concerns about management practices and work-life balance.
+91-9599071664
amit@unlistedkraft.in