Investment Ratings
As per analysts rating in the last 6 months, the recommendation is to HOLD Aarvee Denims
-
Master Rating:
-
Aarvee Denims & Exports has an operating revenue of Rs. 426.81 Cr. on a trailing 12-month basis. An annual revenue de-growth of -49% needs improvement, Pre-tax margin of -30% needs improvement, ROE of -38% is poor and needs improvement. The company has a high debt to equity of 105%, which can be a reason to worry. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It has recently broken out of a base in its weekly chart but failed to keep its momentum and is trading around -19% from the pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 26 which is a POOR score indicating inconsistency in earnings, a RS Rating of 56 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 24 indicates it belongs to a strong industry group of Apparel-Clothing Mfg and a Master Score of D is close to being the worst. Institutional holding has remained stable in the last reported quarter. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.
EPS Strength
Price Strength
Buyer Demand
Group Rank
Aarvee Denims & Exports Ltd Forecast
Price Estimates
Eps And Sales Estimates
Aarvee Denims & Exports Ltd Synopsis
NSE-Apparel-Clothing Mfg
Aarvee Denims An belongs to the Industry of Textiles - Denim. Company’s Total Operating Revenue is Rs. 279.13 Cr. and Equity Capital is Rs. 23.46 Cr. for the Year ended 31/03/2021. Aarvee Denims and Exports Ltd. is a Public Limited Listed company incorporated on 28/03/1988 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17110GJ1988PLC010504 and registration number is 010504.-
Market Cap
INR 52.55 Cr
-
Sales
INR 426.81 Cr
-
Shares in Float
0.80 Cr
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No of Funds
3 K
-
Yield
%
-
Book Value
0.31
-
U/D Vol Ratio
1
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LTDebt/Equity
105%
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Alpha
0.3
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Beta
0.33
| Owner Name | Jun-21 | Mar-21 | Dec-20 |
|---|---|---|---|
| Promoters | 65.8% | 65.8% | 65.8% |
| Insurance Companies | 2.1% | 2.1% | 2.1% |
| Financial Institutions/ Banks | 0% | 0% | 0% |
| Individual Investors | 21.17% | 21.66% | 21.67% |
| Others | 10.93% | 10.44% | 10.43% |
| Name | Designation |
|---|---|
| Mr. Vinod P Arora | Chairman & Managing Director |
| Mr. Ashish V Shah | Managing Director |
| Mr. Nipun Arora | Whole Time Director |
| Mr. Kalpesh V Shah | Whole Time Director |
| Mr. Sanjay S Majmudar | Independent Director |
| Mr. Ashok C Gandhi | Independent Director |
| Mr. Amol R Dalal | Independent Director |
| Ms. Aarti Thakkar | Independent Director |
Aarvee Denims & Exports Ltd Financials
- Quarterly P&L
- Annual P&L
- Cash Flow
- Balance Sheet
- Ratios
| INDICATOR | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 |
|---|---|---|---|---|---|
| Oper Rev Qtr Cr | 114.7341 | 79.1907 | 138.9432 | 93.9442 | 43.5705 |
| Operating Expenses Qtr Cr | 122.5837 | 77.6475 | 152.9107 | 85.0945 | 41.1655 |
| Operating Profit Qtr Cr | -7.8496 | 1.5432 | -13.9675 | 8.8497 | 2.405 |
| Depreciation Qtr Cr | 6.6434 | 7.4143 | 8.1498 | 8.9834 | 7.5227 |
| Interest Qtr Cr | 11.1754 | 11.5094 | 12.2232 | 13.5217 | 13.7626 |
| Tax Qtr Cr | -5.2718 | -9.7735 | -11.4044 | -7.4842 | -1.6986 |
| Net Profit Qtr Cr | -12.3565 | -2.8603 | -21.9115 | -5.6753 | -11.6746 |
| INDICATOR | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|
| Total Revenue Annual Cr | 287.3219 | 566.4067 | 754.3403 | 829.5972 | 846.1424 |
| Operating Expenses Annual Cr | 287.3087 | 530.6008 | 669.3391 | 746.8179 | 772.325 |
| Operating Profit Annual in Cr | -5.7582 | 34.0773 | 82.2161 | 80.2392 | 72.0897 |
| Depreciation Cr | 32.1479 | 38.3535 | 33.9787 | 32.9448 | 33.4786 |
| Interest Annual Cr | 50.945 | 52.9778 | 49.2959 | 43.4597 | 37.634 |
| Tax Annual Cr | -18.8886 | -13.5985 | 0.6378 | 0.7663 | 0.9443 |
| Net Profit Annual Cr | -64.1911 | -41.9269 | 1.0888 | 5.6085 | 1.7605 |
| INDICATOR | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|
| Cash from Operating Activity Annual Cr | 45.4119 | 64.5885 | 38.7919 | 37.7693 | 110.3793 |
| Cash from Investing Activity Annual Cr | 8.8397 | 4.8888 | -53.3453 | -18.7393 | -50.0065 |
| Cash from Financing Annual Activity Cr | -41.8772 | -70.4304 | 14.6534 | -18.9633 | -63.1893 |
| Net Cash Flow Annual Cr | 12.3744 | -0.9531 | 0.1 | 0.0667 | -2.8165 |
| INDICATOR | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|
| Total ShareHolders Funds Annual Cr | 167.6329 | 230.9859 | 273.1257 | 271.6882 | 266.1006 |
| Fixed Assets Annual Cr | 273.1514 | 350.3832 | 388.9682 | 362.7315 | 380.0571 |
| Total Non Current Assets Annual Cr | 276.5302 | 353.1946 | 406.5405 | 380.1937 | 396.8507 |
| Total Current Assets Annual Cr | 434.1026 | 489.604 | 555.7711 | 538.4825 | 434.5359 |
| Total Assets Annual Cr | 710.6328 | 842.7986 | 962.3116 | 918.6762 | 831.3866 |
| INDICATOR | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|
| Book Value Per Share Annual Rs | 71.455 | 98.46 | 116.422 | 115.81 | 113.428 |
| ROE Annual % | -38.29 | -18.15 | 0.39 | 2.06 | 0.66 |
| ROCE Annual % | -9.31 | -0.64 | 11.18 | 12.3 | 11.27 |
| Total Debt to Total Equity Annual | - | - | - | - | - |
| EBDIT Annual Margin % | 0 | 6.34 | 11.31 | 10 | 8.74 |
Aarvee Denims & Exports Ltd Technicals
EMA & SMA
CURRENT PRICE
22.4 
(0.67)
-
- Bullish Moving Averages 2
- Bearish Moving Averages 14
EMA
-
20 Day
23.68
-
50 Day
23.8
-
100 Day
23.08
-
200 Day
21.8
Aarvee Denims & Exports Ltd Resistance and support
22.55 PIVOT
-
First Resistance
23.2
-
Second Resistance
24.15
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Third Resistance
24.8
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First Support
21.6
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Second Support
20.95
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Third Support
20
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RSI
38.17
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MFI
22.57
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MACD
-0.73
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MACD signal line
-0.5
Aarvee Denims & Exports Ltd Delivery and Volume
| Period | NSE + BSE Volume Avg | NSE + BSE Delivery Volume Avg | NSE + BSE Delivery Volume % |
|---|---|---|---|
| Day | 9,889 | 661,080 | 66.85% |
| Week | 13,831 | 966,663 | 69.89% |
| 1 Month | 22,213 | 1,731,718 | 77.96% |
| 6 Month | 45,940 | 3,484,070 | 75.84% |
Aarvee Denims & Exports Ltd Price change analysis
-4.55
Over 1 month
Low High 21.65 27.75
3.95
Over 3 month
Low High 17.25 28.6
-1.05
Over 6 months
Low High 16.75 30
11.3
Over Year
Low High 10.85 30Similar Stocks
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News
Aarvee Denims & Exports Ltd - 514274 - Announcement under Re
With reference to the above subject, please find enclosed herewith the copy of the published Extract of the Unaudited Financial Results (Sta Read More
AARVEE DENIMS & EXPORTS LTD. - 514274 - Un-Audited Financial
Submission Of The Unaudited Financial Results (Standalone) Along With The Limited Review Report For The Quarter And Half Year Ended On Septe Read More
AARVEE DENIMS & EXPORTS LTD. - 514274 - Board Meeting Outcom
Board Meeting Outcome for Submission Of The Unaudited Financial Results (Standalone) Along With The Limited Review Report For The Quarter An Read More
Aarvee Denims & Exports Ltd - 514274 - Board Meeting Intimat
AARVEE DENIMS & EXPORTS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/11/2021 ,inter ali Read More
AARVEE DENIMS & EXPORTS LTD. - 514274 - Shareholding for the
Aarvee Denims & Exports Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2021. For more details, kindly Read MoreBlogs