ScoreWhy is Indian Acrylics Ltd ?
1
With a Negative Book Value, the company has a Weak Long Term Fundamental Strength
- Poor long term growth as Net Sales has grown by an annual rate of -7.74% and Operating profit at 11.89% over the last 5 years
- Low ability to service debt as the company has a high Debt to EBITDA ratio of -173.51 times
2
Negative results in Mar 26
- PBT LESS OI(Q) At Rs -13.57 cr has Fallen at -143.3% (vs previous 4Q average)
- PAT(Q) At Rs -11.42 cr has Fallen at -148.8% (vs previous 4Q average)
- INTEREST(9M) At Rs 13.61 cr has Grown at 22.06%
3
Risky - Negative EBITDA
- The company has recorded a negative EBITDA of Rs. -1.33 cr
- Over the past year, while the stock has generated a return of -29.95%, its profits have risen by 22%
- The stock is trading risky as compared to its average historical valuations
4
26.36% of Promoter Shares are Pledged
- In falling markets, high promoter pledged shares puts additional downward pressure on the stock prices
5
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -29.95% returns in the last 1 year, the stock has also underperformed BSE500 in each of the last 3 annual periods
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Petrochemicals)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Indian Acrylics for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Indian Acrylics
-29.95%
-0.69
43.39%
Sensex
-10.21%
-0.78
13.06%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
-7.74%
EBIT Growth (5y)
-182.28%
EBIT to Interest (avg)
0.50
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-17.43
Sales to Capital Employed (avg)
2.34
Tax Ratio
0
Dividend Payout Ratio
0
Pledged Shares
26.36%
Institutional Holding
0.07%
ROCE (avg)
-3.52%
ROE (avg)
6.58%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
23
Price to Book Value
-6.34
EV to EBIT
-23.43
EV to EBITDA
-221.09
EV to Capital Employed
1.45
EV to Sales
0.84
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-6.18%
ROE (Latest)
Negative BV
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Bearish
Moving Averages
Bearish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
Mildly Bullish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend2What is working for the Company
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 15.21 cr
DEBT-EQUITY RATIO(HY)
Lowest at -18.66 times
-18What is not working for the Company
PBT LESS OI(Q)
At Rs -13.57 cr has Fallen at -143.3% (vs previous 4Q average
PAT(Q)
At Rs -11.42 cr has Fallen at -148.8% (vs previous 4Q average
INTEREST(9M)
At Rs 13.61 cr has Grown at 22.06%
NET SALES(Q)
At Rs 74.00 cr has Fallen at -17.9% (vs previous 4Q average
OPERATING PROFIT TO INTEREST (Q)
Lowest at -1.43 times
PBDIT(Q)
Lowest at Rs -6.36 cr.
OPERATING PROFIT TO NET SALES (Q)
Lowest at -8.59%
EPS(Q)
Lowest at Rs -0.84
Loading Valuation Snapshot...
Here's what is working for Indian Acrylics
Cash and Cash Equivalents - Half Yearly
Highest at Rs 15.21 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio - Half Yearly
Lowest at -18.66 times
in the last five half yearly periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Here's what is not working for Indian Acrylics
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs -13.57 cr has Fallen at -143.3% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs -5.58 CrMOJO Watch
Near term PBT trend is very negative
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs -11.42 cr has Fallen at -148.8% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs -4.59 CrMOJO Watch
Near term PAT trend is very negative
PAT (Rs Cr)
Net Sales - Quarterly
At Rs 74.00 cr has Fallen at -17.9% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 90.15 CrMOJO Watch
Near term sales trend is very negative
Net Sales (Rs Cr)
Operating Profit to Interest - Quarterly
Lowest at -1.43 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Interest - Nine Monthly
At Rs 13.61 cr has Grown at 22.06%
over preceding nine months periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Net Sales - Quarterly
Lowest at Rs 74.00 cr
in the last five quartersMOJO Watch
Near term sales trend is negative
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Lowest at Rs -6.36 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Lowest at -8.59%
in the last five quartersMOJO Watch
Company's efficiency has deteriorated
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Lowest at Rs -13.57 cr.
in the last five quartersMOJO Watch
Near term PBT trend is negative
PBT less Other Income (Rs Cr)
Earnings per Share (EPS) - Quarterly
Lowest at Rs -0.84
in the last five quartersMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (Rs)
Non Operating Income - Quarterly
Highest at Rs 2.15 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income
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