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Technically there is no major trend in Aptech auto when you check the monthly chart.
In short term or in smaller time frame like daily shows a support at 250 if sustains above that there could be a small move, although I wont suggest this stock.
Fundamental Analysis on Aptech Share
Equity and Liabilities:
The total shareholders’ funds have increased from INR 221.29 Cr in March 2022 to INR 255.75 Cr in March 2023. This indicates a positive trend in the equity base of the company.
Non-current liabilities are relatively low, and there is no long-term borrowing, which is generally a positive sign as it reduces the financial risk.
Current liabilities have increased significantly from INR 49.71 Cr in March 2022 to INR 130.89 Cr in March 2023. This increase may warrant further investigation to understand the nature of the rise in short-term borrowings and trade payables.
Assets:
Non-current assets have shown growth, with an increase from INR 148.90 Cr in March 2022 to INR 194.96 Cr in March 2023. This growth is mainly due to increases in non-current investments and other non-current assets.
Current assets have also increased from INR 124.18 Cr in March 2022 to INR 194.81 Cr in March 2023, primarily driven by higher trade receivables and other current assets.
Additional Information:
Contingent liabilities have increased, which could be a point of concern. It’s important to understand the nature of these contingent liabilities.
The company does not seem to have significant exposure to foreign currency fluctuations, as indicated by the zero values in the relevant sections.
Overall Assessment:
The increase in shareholders’ funds, coupled with growth in both non-current and current assets, suggests a positive financial picture for Aptech Limited.
However, the significant increase in current liabilities and contingent liabilities should be thoroughly investigated to understand the reasons behind these changes.
Recommendation:
Further analysis, including a review of the income statement, cash flow statement, and a qualitative assessment of the company’s business operations and industry outlook, is necessary for a comprehensive evaluation.
It’s advisable to consider recent developments, market conditions, and future growth prospects before making any investment decisions.
Recognitions :
In 2023, Aptech received four accolades at the 12th ACEF Asian Leaders Awards for outstanding marketing campaigns.
On the night of November 9th, Aptech celebrated this achievement, securing a Gold award for Lakmé Academy Powered by Aptech in the “Most effective use of Sponsorship & Event Marketing” category for The Cover Girl Campaign with Femina/Elle. Additionally, Silver awards were earned for Lakmé Academy’s “Excellence in Brand Management” for The Showcase student runway initiative, Arena Animation’s ‘3D Pop Out Videos’ in video content marketing, and MAAC’s ‘MAACximum Learning’ Campaign for promotion using Out of Home Media.
Fundamental and Technical analysis on Aptech share states that, Aptech share exhibits no significant trend on the monthly chart, while the short-term daily analysis indicates potential support at 250, suggesting a possible minor upward movement.
However, caution is advised, and investing in this stock may require further scrutiny. Fundamentally, the balance sheet shows positive trends with an increase in shareholders’ funds and growth in both non-current and current assets.
Nonetheless, the notable rise in current liabilities and contingent liabilities should be thoroughly investigated before considering investment