Arex Industries Ltd.
1. Business Model: Arex Industries Limited operates primarily as a manufacturer and exporter, focusing on producing high-quality narrow woven fabrics and other related textile products. The company’s business model involves catering to both domestic and international markets, ensuring a diverse customer base and steady revenue streams.
2. Products and Services:
(a) Narrow Woven Fabrics: Arex Industries specializes in manufacturing narrow woven fabrics used in various industries, including apparel, automotive, and medical sectors.
(b) Elastic Tapes and Webbings: The company produces a variety of elastic tapes and webbings, catering to the specific needs of its clients.
(c) Customized Textile Solutions: Arex Industries offers customized solutions to meet the unique requirements of its clients, ensuring high levels of customer satisfaction.
3. Branches and Manufacturing Facilities: The company has state-of-the-art manufacturing facilities equipped with advanced machinery and technology, ensuring high-quality production standards. Arex Industries operates multiple branches and has a significant presence in both domestic and international markets, allowing it to serve a diverse range of clients.
4. Achievements: Arex Industries has received several accolades and recognitions for its commitment to quality and innovation in the textile industry. The company has established itself as a leading exporter of narrow woven fabrics, with a strong presence in international markets.
5. Quality and Innovation: Arex Industries is dedicated to maintaining high-quality standards across its product range. The company continually invests in research and development to innovate and improve its products, ensuring it meets the evolving needs of its customers.
Buy Back Offer Deal:
Buyback Type: | Tender Offer |
Buyback Record Date: | Sep 07 2024 |
Buyback Opening Date: | Sep 12 2024 |
Buyback Closing Date: | Sep 19 2024 |
Buyback Offer Amount: | ₹ 7.02 Cr. |
Date of Board Meeting approving the proposal: | Aug 06 2024 |
Date of Public Announcement: | Aug 06 2024 |
Buyback Offer Size: | 9.09% |
Buyback Number of Shares: | 3,60,000 |
FV: | 10 |
Buyback Price: | ₹ 195 Per Equity Share |
Details of Buyback:
Salient financial parameters:
Particulars (in cr) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
Sales + | 47.17 | 40.88 | 53.75 | 45.02 | 51.01 |
Expenses + | 37.89 | 34.02 | 42.53 | 38.2 | 41.92 |
Operating Profit | 9.28 | 6.86 | 11.22 | 6.82 | 9.09 |
OPM % | 19.67% | 16.78% | 20.87% | 15.15% | 17.82% |
Other Income + | 0.15 | 0.08 | 0.04 | 0.23 | 0.09 |
Interest | 3.13 | 2.98 | 2.11 | 1.81 | 1.33 |
Depreciation | 4.85 | 4.76 | 4.49 | 4.23 | 4.16 |
Profit before tax | 1.45 | -0.8 | 4.66 | 1.01 | 3.69 |
Tax % | 38.62% | 25.00% | 20.60% | 30.69% | 31.17% |
Net Profit + | 0.88 | -1 | 3.7 | 0.7 | 2.54 |
EPS in Rs | 2.22 | -2.53 | 9.35 | 1.77 | 6.42 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | 185525 | 185525 | 185525 | 185525 |
No. of Shares Buyback | 338 | 512 | 769 | 1025 |
Buyback Profit | 4732 | 7168 | 10766 | 14350 |
Profit% | 2.55% | 3.86% | 5.80% | 7.73% |
4 Comments
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Arex industries buyback
Price – 195
Shares – 3,60,000
Size : 7.02cr
Equity : 9.09%
special resolution required.
Very poor financial parameters.Hitting upper circuit every day?!
Typical pump and dump stock. Staying away. Thank for your update.
What an apt phrase! Love it👌. Nearing buyback price and may cross the line before due date and God knows what there after…