Alok Industries Ltd.
Snapshot View

22.25 -0.50 ▼-2.2%

24 May 2022, 04:01:00 PM
Volume: 1,248,650

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile Compare with Industry peers
Website http://www.alokind.com
Market Cap 11,047.66 Cr.
Enterprise Value(EV) 35,329.82 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) -0.42 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2022-03
Industry PE 20.20 Trailing Twelve Months Ending 2022-03
Book Value / Share -36.00 Trailing Twelve Months Ending 2022-03
Price to Book Value -0.62 Calculated using Price: 22.25
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 496.52 Cr. 4,965,240,401 Shares
FaceValue 1
Company Profile

Alok Industries (AIL) was set up in the year 1986.  AIL is engaged in business of yarn, weaving, knitting, processing, home textiles, apparel fabrics, garments and readymade garments.Alok was established in 1986 with its first polyester texturising plant being set up in 1989. It became a public limited company in 1993. Over the years, it has expanded into weaving, knitting, processing, home textiles and garments. And to ensure quality and cost efficiencies it has integrated backward into cotton spinning and manufacturing partially oriented yarn through the continuous polymerisation route. It also provide embroidered products through Grabal Alok Impex Ltd., its associate company.

It has evolved into a diversified manufacturer of world-class home textiles, garments, apparel fabrics and polyester yarns, selling directly to manufacturers, exporters, importers, retailers and to some of the world’s top brands.

Alok has a strong foothold in the domestic retail segment through a wholly owned subsidiary, Alok H&A Limited, under the cash & carry model that offer garments and home textiles at attractive price points.

Alok also has an international presence in the retail segment through its associate concern, Grabal Alok (UK) Limited. This entity owns more than 200 outlets across England, Scotland and Whales vending value for money ranges for menswear, womenswear, childrenwear, footwear, homeware and accessories.

In 1989 the company set up manufacturing facilities for texturising at Silvassa. Later in 1991 it started weaving operation at Bhiwandi, District Thane. AIL expanded its weaving capacity (50 Cimmco Looms) at Bhiwandi unit and texturising capacity (3 nos. texturising machines) at Silvassa. 

In 1995 the company formed a joint venture with Grabal, Albert Grabher Gesellshaft mbH & Co of Austria for financial and technical collaboration to manufacture embroidered products. This led to formation of Grabal Alok Impex through which AIL control its extensive embroidery operation.

The company set up its Knitting Division at Silvassa (8 machines) at Navi Mumbai in 1996. The company expanded its texturising capacity (5 nos. Texturising machines at Silvassa in 1997. Today Alok is amongst the fastest growing vertically integrated textile companies in India.

Products

The company manufactures apparel fabric, knitted fabrics, embroidered fabrics, polyester yarn, garments and home textiles.

It has also forayed into retail segment through its 100 percent subsidiary Alok Retail (India) under the brand name H & A stores. Presently, the company owns 32 stores.

The company also operates internationally through its acquired entity Mileta located in the Czech Republic. Mileta is European major in yarn dyed shirting, handkerchiefs and table linen, which specialises in high-value premium products. Mileta, Alok together have created apparel brand such as Mileta, Erba, Cottonova and Lord Nelson.

The company is also engaged in international retailing by taking strategic stake in a UK based retail company Hamsard 2353, now known as Grabal Alok (UK). The company has 218 stores under the brand name “Store Twenty One” that offers range of garments for women, men and children and home ware and related accessories.

Realty- It owns wholly owned subsidiary, Alok Infrastructure which has receive contract to develop  1700,000 square feet of premium office space in Mumbai.

Award and milestones

  • 2009
     
    •ALOK HAS WON TEXPROCIL AWARDS IN THREE CATEGORIES FOR THE YEAR 2009
    ?GOLD Trophy for Highest Exports of Bleached / Dyed / Yarn Dyed / Printed Fabrics in Fabrics Category
    ?GOLD Trophy for Highest Exports of Bed Linen / Bed Sheets /Quilts in Made-ups Category
    ?SILVER Trophy for Highest Global Exports Category
    •OUTSTANDING EXPORTER OF THE YEAR - TEXTILES at the International Trade Awards 2008-09: presented by DHL CNBC TV18; awarded for the second consecutive year 
  • 2010
     
    •ALOK HAS WON TEXPROCIL AWARDS IN THREE CATEGORIES FOR THE YEAR 2009-2010
    ?GOLD Trophy for Highest Exports of Bleached / Dyed / Yarn Dyed / Printed Fabrics in Fabrics Category
    ?GOLD Trophy for Highest Exports of Bed Linen / Bed Sheets /Quilts in Made-ups Category
    ?SILVER Trophy for Highest Global Exports Category 
  • 2011
    Awarded the IMC - Ramakrishna Bajaj National Quality (RBNQ) Performance Excellence Trophy in the Manufacturing Category
    Awarded status of 'Recognised Star Trading House'
  • 2012
    Completion of Expansion of polyester production from 900 tons/day to 1400 tons/day.
    The amalgamation of Grabal Alok Impex Limited (GAIL) into the company was completed on 1 March 2012 with effect from 1 April 2011.
  • 2013
     
    •THE COMPANY HAS BEEN HONOURED BY THE MINISTRY OF TEXTILES, GOVERNMENT OF INDIA AT THE TEXTILE CONCLAVE 2013 – BRAND INDIA HELD IN NEW DELHI ON 3 DECEMBER 2013 AS FOLLOWS:
    ?Largest Exporter – Mill Sector Fabrics
    ?Largest Processor – Processing
    ?Largest Producer – Made Ups & Home Textiles 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-2.20%
1 Week
-5.52%
1 Month
-9.74%
3 Month
+1.37%
6 Month
+2.77%
1 Year
+7.23%
2 Year
+45.33%
5 Year
+639.20%
10 Year
+17.66%
9 years 2012-03 2013-09 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 3.29 9.35 7.22 -107.11 -99.12
Return on Capital Employed (%) 9.47 16.99 17.71 -15.23 -7.26 -73.06 59.49 10.10 -33.61
Return on Assets (%) 0.49 1.23 0.89 -13.72 -9.47 -75.90 12.12 7.84 -45.90

Balance Sheet View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 2,859 3,485 3,642 4,555 1,689 -16,676 -14,617 -12,308 -17,657 -17,907
Non Curr. Liab. 9,312 10,924 12,136 12,607 8,151 6,298 5,060 26,849 22,794 22,471
Curr. Liab. 8,973 12,549 14,163 16,220 21,640 27,853 26,344 2,138 2,901 3,658
Minority Int.
Equity & Liab. 21,144 26,957 29,941 33,383 31,480 17,476 16,787 16,680 8,038 8,221
Non Curr. Assets 12,362 12,222 10,531 18,051 17,293 16,414 15,890 15,258 6,190 5,955
Curr. Assets 8,783 14,736 19,410 15,332 14,187 1,062 897 1,422 1,848 2,266
Misc. Exp. not W/O
Total Assets 21,144 26,957 29,941 33,383 31,480 17,476 16,787 16,680 8,038 8,221

Profit Loss View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 9,785 21,388 24,153 12,924 8,723 5,514 3,352 3,329 3,885 7,309
Other Income 96 412 467 112 67 257 88 71 27 45
Total Income 9,880 21,800 24,620 13,036 8,790 5,770 3,441 3,400 3,912 7,354
Total Expenditure -7,408 -16,155 -18,984 -15,640 -10,180 -19,083 -3,551 -3,507 -3,689 -6,744
PBIDT 2,472 5,645 5,637 -2,605 -1,390 -13,313 -110 -108 223 610
Interest -1,235 -2,814 -3,513 -2,874 -3,442 -4,711 -4,309 -94 -489 -476
Depreciation -749 -1,418 -1,522 -1,063 -561 -545 -550 -542 -295 -342
Taxation -274 -484 -217 2,198 2,321 -10 1 2 -1,219 1
Exceptional Items -121 -634 -131 7,045 2,053 -3,892
PAT 93 295 254 -4,343 -3,072 -18,579 2,077 1,311 -5,672 -208
Minority Interest
Share Associate 0 2 4 -14 -11 0 -1 -1 -1 -1
Other Related Items
Consolidated Net Profit 93 297 258 -4,357 -3,083 -18,580 2,076 1,310 -5,673 -209
Adjusted EPS 1 2 2 -32 -23 -136 15 6 -11 0

Cash Flow View Details

Particulars 10 years 2011-03 Rs. Cr. 2012-03 Rs. Cr. 2013-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 896 -456 94 3,839 -3,006 -3,032 -98 115 -266 345
Cash Fr. Inv. -2,673 -1,439 -733 156 449 -100 211 38 29 -203
Cash Fr. Finan. 1,249 2,160 830 -4,631 2,457 3,172 -149 -180 599 -345
Net Change -528 266 190 -636 -100 40 -36 -27 362 -203
Cash & Cash Eqvt 166 589 780 144 50 91 55 28 396 194

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 6.15 0.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
Public 93.85 100.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 99.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 13 May 2022
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1 Name of Company ALOK INDUSTRIES LTD.
2 CIN NO. L17110DN1986PLC000334
3 Report filed for FY 2021-2022
Details of the Current block (all figures in Rs crore):
4 2 - year block period (Specify financial years)* 2021-22 2022-23
5 Incremental borrowing done in FY (T)(a) 0.00
6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00
7 Actual borrowing done through debt securities in FY (T)(c) 0.00
8 Shortfall in the borrowing through debt securities if any for FY (T - 1) carried forward to FY (T) (d) NA
8Quantum of (d) which has been met from (c)(e)* NA
9 Shortfall if any in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative write nil}* NA


Details of penalty to be paid if any in respect to previous block (all figures in Rs crore):
2 - year Block period (Specify financial years)2020-21 2021-22
Amount of fine to be paid for the block if applicable Fine = 0.2% of {(d) - (e)}#0.00



Name of the Company Secretary :-Hitesh Kanani
Designation :-Company Secretary and Compliance Officer
Name of the Chief Financial Officer :- Bijay Agrawal
Designation : -Chief Financial Officer

Date: 13/05/2022

Sat, 30 Apr 2022
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompayALOK INDUSTRIES LTD.
2CINL17110DN1986PLC000334
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 22976.81
4Highest Credit Rating during the previous FY AA
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CARE RATINGS LIMITED
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: Hitesh Kanani
Designation: Company Secretary and Compliance Officer
EmailId: hitesh.kanani@alokind.com
Name of the Chief Financial Officer: Bijay Agrawal
Designation: Chief Financial Officer
EmailId: bijay.agrawal@alokind.com

Date: 30/04/2022

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Thu, 28 Apr 2022
Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations 2015 please find enclosedherewith the disclosure of Related Party Transactions for the period from 1st October 2021 to 31st March 2022.

Technical Scans View Details

Tue, 24 May 2022
Closing Below Previous Low Closing Below Previous Low
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
High Decrease 1 Month High Decrease 1 Month
High Increase 5 Years High Increase 5 Years
Mon, 23 May 2022
Opening at High Opening at High

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Page Industries Ltd. 47,856.98 42,906.15 +1.5%
Trident Ltd. 24,078.39 47.25 -1.2%
Vedant Fashions Ltd. 23,522.78 969.20 +0.2%
K.P.R. Mill Ltd. 19,688.49 576.00 +1.0%
Vardhman Textiles Ltd. 9,358.89 323.90 -5.6%
Lakshmi Machine Works Ltd. 9,096.57 8,515.00 -2.8%
Swan Energy Ltd. 7,730.13 292.90 +1.2%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Page Industries Ltd. Standalone 2021-12 103.68 42,906.15 +1.5%
Trident Ltd. Consolidated 2021-12 33.03 47.25 -1.2%
Vedant Fashions Ltd. Consolidated 2022-03 74.70 969.20 +0.2%
K.P.R. Mill Ltd. Consolidated 2022-03 23.39 576.00 +1.0%
Vardhman Textiles Ltd. Consolidated 2022-03 6.05 323.90 -5.6%
Lakshmi Machine Works Ltd. Consolidated 2022-03 50.24 8,515.00 -2.8%
Swan Energy Ltd. Consolidated 2021-12 0.00 292.90 +1.2%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Page Industries Ltd. Standalone 2021-12 40.70 42,906.15 +1.5%
Trident Ltd. Consolidated 2021-12 6.33 47.25 -1.2%
Vedant Fashions Ltd. Consolidated 2022-03 21.73 969.20 +0.2%
K.P.R. Mill Ltd. Consolidated 2022-03 6.18 576.00 +1.0%
Vardhman Textiles Ltd. Consolidated 2022-03 1.21 323.90 -5.6%
Lakshmi Machine Works Ltd. Consolidated 2022-03 4.57 8,515.00 -2.8%
Swan Energy Ltd. Consolidated 2021-12 7.01 292.90 +1.2%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Page Industries Ltd. Standalone 2021-03 0.00 42,906.15 +1.5%
Trident Ltd. Consolidated 2021-03 0.46 47.25 -1.2%
Vedant Fashions Ltd. Consolidated 2021-03 0.00 969.20 +0.2%
K.P.R. Mill Ltd. Consolidated 2021-03 0.28 576.00 +1.0%
Vardhman Textiles Ltd. Consolidated 2021-03 0.33 323.90 -5.6%
Lakshmi Machine Works Ltd. Consolidated 2021-03 0.00 8,515.00 -2.8%
Swan Energy Ltd. Consolidated 2021-03 3.52 292.90 +1.2%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Page Industries Ltd. Standalone 2021-03 39.96 42,906.15 +1.5%
Trident Ltd. Consolidated 2021-03 9.57 47.25 -1.2%
Vedant Fashions Ltd. Consolidated 2021-03 12.32 969.20 +0.2%
K.P.R. Mill Ltd. Consolidated 2021-03 24.44 576.00 +1.0%
Vardhman Textiles Ltd. Consolidated 2021-03 6.44 323.90 -5.6%
Lakshmi Machine Works Ltd. Consolidated 2021-03 2.59 8,515.00 -2.8%
Swan Energy Ltd. Consolidated 2021-03 -7.67 292.90 +1.2%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Page Industries Ltd. Standalone 2021-03 39.96 42,906.15 +1.5%
Trident Ltd. Consolidated 2021-03 9.57 47.25 -1.2%
Vedant Fashions Ltd. Consolidated 2021-03 12.32 969.20 +0.2%
K.P.R. Mill Ltd. Consolidated 2021-03 24.44 576.00 +1.0%
Vardhman Textiles Ltd. Consolidated 2021-03 6.44 323.90 -5.6%
Lakshmi Machine Works Ltd. Consolidated 2021-03 2.59 8,515.00 -2.8%
Swan Energy Ltd. Consolidated 2021-03 -7.67 292.90 +1.2%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Page Industries Ltd. Standalone 2021-03 2,832.96 42,906.15 +1.5%
Trident Ltd. Consolidated 2021-03 4,530.62 47.25 -1.2%
Vedant Fashions Ltd. Consolidated 2021-03 564.82 969.20 +0.2%
K.P.R. Mill Ltd. Consolidated 2021-03 3,530.15 576.00 +1.0%
Vardhman Textiles Ltd. Consolidated 2021-03 6,139.87 323.90 -5.6%
Lakshmi Machine Works Ltd. Consolidated 2021-03 1,727.38 8,515.00 -2.8%
Swan Energy Ltd. Consolidated 2021-03 320.47 292.90 +1.2%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Page Industries Ltd. Standalone 2021-03 340.58 42,906.15 +1.5%
Trident Ltd. Consolidated 2021-03 303.80 47.25 -1.2%
Vedant Fashions Ltd. Consolidated 2021-03 132.90 969.20 +0.2%
K.P.R. Mill Ltd. Consolidated 2021-03 515.26 576.00 +1.0%
Vardhman Textiles Ltd. Consolidated 2021-03 401.84 323.90 -5.6%
Lakshmi Machine Works Ltd. Consolidated 2021-03 44.60 8,515.00 -2.8%
Swan Energy Ltd. Consolidated 2021-03 -68.61 292.90 +1.2%