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Shareholding Info
  • Promoters
    75 %
  • Foreign institutions-FII
    2.03 %
  • Other domestic institutions
    0.39 %
  • Retail and other
    22.58 %

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Key Indices in NSE

Key Indices in BSE

Company Overview


Alok Industries Ltd. (AIL) is a Mumbai-based manufacturer of textiles, in India. It was founded in 1986. The business has developed capacities on a worldwide scale and broadened its markets to include global territories.

Home textiles, ready-to-wear apparel, processing, weaving, knitting, and polyester yarns make up its primary line of business.

26% of its products are exported to more than 90 nations in the Americas, Europe, Asia and Africa.

Company Journey


Throughout its growth, AIL has experienced several milestones. The following are the key milestones that summarise AIL's journey:
  • The company spent ₹1,523 crore on capital improvements in 2010 to set up a Continuous Polymerisation (CP) Plant at Silvassa. Phases III and IV saw the completion of these upgrades.
  • The company established a joint venture with NTC (National Textile Corporation), during 2010. It was intended to develop and revive Mumbai's Aurangabad Textile Mills and New City Mills, respectively.
  • Beginning in 2011, the company started to increase polyester production, going from 600 tonnes per day to 1,400 tonnes per day.
  • The Honourable High Court of Bombay authorised the merger proposal between Alok Industries Limited and Grabal Alok Impex Limited in 2012, with the effective date of 1 April 2011 specified.
  • In 2011, polyester production increased from 900 tonnes per day to 1,400 tonnes per day.
  • In accordance with an amalgamation plan that the Bombay High Court approved in an order dated 11 October 2013, a number of subsidiaries were merged with Alok Infrastructure Ltd., a wholly-owned subsidiary of the company.
  • The company has two joint venture companies, 10 direct subsidiaries (direct), two associate companies, and four step-down subsidiaries as of 31 March 2016.
  • In 2018, Alok Infrastructure Limited sold all of its shares in its two joint ventures, Alspun Infrastructure Limited and Ashford Infotech Private Limited.
  • On 31 March 2019, the business had nine subsidiaries. It participated in two joint ventures with New City of Bombay Manufacturing Mills Limited and Aurangabad Textiles and Apparel Parks Limited in the same year.

Business Highlights


With operations in the cotton and polyester value chains, Alok Industries Limited is an integrated textile company. The company's main line of business is the manufacture of textiles, including packing and repairing.

Its divisions consist of:
  • Home textiles such as terry towels, sheets, and similar sets of sheets, as well as spinning, which uses cotton yarn.
  • Knitted and woven fabrics used for clothing, including those with embroidery.
  • Polyester products, including masterbatch, polyester staple fibre, cationic yarn, and partly oriented yarn (POY)/chip.
Through a fully owned subsidiary called Alok H&A Limited, which operates on the cash and carry business model, it sells clothing and household goods at competitive prices. Alok Industries has established a presence in the domestic retail market.

Through its affiliated company, Grabal Alok (UK) Limited, Alok also operates internationally in the retail sector. Across England, Scotland, and Wales, this company operates more than 200 stores that provide affordable men's, women's, and children's footwear, home goods, and accessories.

The company currently employs over 26,000 people.

AIL had net sales of about ₹1,699 crore in the quarter that ended in September 2022.

Performance highlights


Presently, AIL has a market capitalisation of ₹7,746 crore. Alok Industries' stock price CAGR (Compound Annual Growth Rate) for the 2019 to 2022 period has been recorded as 95%. Over the same time period, the compounded profit growth was up to 25%.

The operating profit for AIL increased from ₹-130 crore in the FY (Fiscal Year) 2019 to ₹564 crore in the FY ending in March 2022.

AIL made a net profit of ₹-209 crore in the FY 2022 as opposed to ₹-5673 crore in the prior FY. AIL's compounded sales growth from 2019 to 2022 is 30%. For the same duration, Alok Industries' share price return has been 680%.

Promoter holdings remained unchanged at 75% in the September 2022 quarter.

Mutual Funds holding remains unchanged at 0.03% in the September 2022 quarter.

The following mutual funds own AIL stock:
  • Axis Nifty Smallcap 50 Index Fund-Reg(G)
  • SBI Nifty Smallcap 250 Index Fund-Reg(G)
  • ICICI Pru Nifty Smallcap 250 Index Fund(G)
  • Mirae Asset Nifty India Manufacturing ETF
  • Motilal Oswal Nifty 500 Index Fund-Reg(G)
  • ICICI Pru S&P BSE 500 ETF

AIL's FY 2022 EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) margin was 8.34.

The EBITDA margin improved from -95.38 in FY 2021.

For the fiscal year that ended in March 2022, AIL had an ROE (Return On Equity) of 1.2% and a ROCE (Return On Capital Expenditure) of 5.9%. For the same time period, its ROA (Return on Assets) percentage was 3.3%.

Management


The current members of AIL's top management are as follows:
  • Chairman: A. Siddharth
  • CEO: Arvind Maurya
  • CFO: Bijay Agrawal

Investor Relations Contact:


Mr Hitesh Kanani
Company Secretary & Compliance Officer
Alok Industries Limited

Address: Peninsula Business Park, Tower B,
2nd & 3rd floor, G. K. Marg,
Lower Parel, Mumbai 400013

Email: investor.relations@alokind.com

Industry Overview


Some of the top competitors of AIL are listed below, along with their respective market capitalisations:
  • Siyaram Silk: ₹2,452 crore
  • Ganesha Ecosphere: ₹1,911 crore
  • Bombay Dyeing: ₹1,690 crore
  • Jaybharat Textiles: ₹1,009 crore
  • Raj Rayon Industries: ₹949 crore
With a history spanning several centuries, India's textile industry is among the world’s most historic. The textiles sector, which focuses on hand-spun and hand-woven products, is at one end of the industry's extreme diversity, while the sophisticated mills' sector, which requires a lot of capital investment, is at the other.

India's textile sector is fundamentally strong because of its robust production of a variety of fibres and yarns, ranging from natural fibres like cotton, silk, jute and wool to synthetic/artificial fibres like polyester, nylon, viscose and acrylic.

The Indian textile and clothing sector is anticipated to increase at a 10% CAGR (Compound Annual Growth Rate) from 2019–20 to 2025–26, according to IBEF (Indian Brand Equity Foundation).

India accounts for 4% of the world's textile and clothing trade.

Between April 2000 and March 2022, the industry (including dyed and printed goods) attracted FDI totalling ₹0.3259 lakh crore. Over the past 5 years, investments have soared in the textiles industry.

Risks and concerns


Some major risks and challenges faced by the Indian textile industry are as follows:

The cost of raw materials rising


Following the shutdown of numerous units in China due to pollution regulations, prices have risen. The cost of dyes has gone up due to the increase in the price of imported raw materials.

Lack of raw materials


The closing of several factories in China and Europe over environmental concerns has caused an unprecedented increase in the cost of fundamental raw materials on global markets.

Strenuous social and environmental standards to achieve


Environmental compliance is only sometimes the primary priority for importers of textiles and apparel. Given the growing demand for the apparel industry to improve its environmental compliance efforts, breaking environmental standards might jeopardise the supply chain.

Manual labour's lack of efficiency


Contrary to wealthier nations, India's textile industries still require much intensive labour because the industries are not fully automated.

Registrar


Link Intime India Private Limited

Address: C 101, 247 Park, L.B.S. Marg, Vikhroli (West)
Mumbai - 400083
Maharashtra

Phone: 022-49186270, 49186200
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