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Alang Marine
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Incorporated in Aug'93, Alang Marine is primarily engaged in ship repair, ship-building and ship-breaking. The company started by acquiring - the Gogha Shipyard - an existing division of Chowgule and Company which was engaged in ship building activities for a consideration of Rs 92 lac. Company is lead by Ramzanali A Asaria as chairman, Debashis Bir and Maheboob R Asaria as managing directors.
In 1994, a promoter, Maheboob R Asaria, disinvested a part of his holding to get the company's shares listed on the stock exchanges. The company came out with a public issue in Jan.'96 to part-finance the expansion of its ship repair capacity. The project envisages upgradation of the company's existing slipway system by providing a synchronised ship lift docking and transfer system.
The new ship repair complex will have the facility to repair ships of upto 3500 tonnes lifting capacity (TLC) or 10,000 dwt. The existing facility is suitable for ships of upto 1500 TLC or 4000 dwt. The design allows it to augment the capacity of the ship lift to 6500 TLC (equivalent to ships of upto 18,000 dwt). The slipway is primarily a 135-mtr-long, incline concrete structure with a set of rails. The ship is docked on a set of cradles and pulled up along the rails with the help of a winch.
Alang Marine share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Alang Marine indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Alang Marine is valued compared to its competitors.
Alang Marine PE ratio helps investors understand what is the market value of each stock compared to Alang Marine 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Alang Marine evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Alang Marine generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Alang Marine in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Alang Marine shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Alang Marine compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Alang Marine over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Alang Marine helps investors get an insight into when they can enter or exit the stock. Key components of Alang Marine Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Alang Marine shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Alang Marine ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Alang Marine provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Alang Marine highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Alang Marine .
The balance sheet presents a snapshot of Alang Marine ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.