Asia Pack
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Asia Pack Ltd said that a ₹23 lakh corporate guarantee it had furnished in March 2023 in favour of Saraswat Co-Operative Bank has been fully discharged. The guarantee secured additional credit facilities for promoter group entity Miraj Entertainment, which has now repaid and closed those facilities. The extinguishment reduces the company’s contingent liabilities with no adverse impact on its operations or financial position.
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Asia Pack Ltd said that a ₹23 lakh corporate guarantee it had furnished in March 2023 in favour of Saraswat Co-Operative Bank has been fully discharged. The guarantee secured additional credit facilities for promoter group entity Miraj Entertainment, which has now repaid and closed those facilities. The extinguishment reduces the company’s contingent liabilities with no adverse impact on its operations or financial position.
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What does Asia Pack do?
Asia Pack Ltd, based in India, specializes in manufacturing woven fabric/sacks like polypropylene and high-density polyethylene. They cater to cement units in Rajasthan and Madhya Pradesh while also involved in merchant export.
Who are the competitors of Asia Pack?
Asia Pack major competitors are Diggi Multitrade, Mihika Industries, Universal OfficeAuto, PM Telelinks, Simplex Mills Co., Northlink Fiscal&Cap, Aurus Gem Corp. Market Cap of Asia Pack is ₹14 Crs. While the median market cap of its peers are ₹14 Crs.
Is Asia Pack financially stable compared to its competitors?
Asia Pack seems to be less financially stable compared to its competitors. Altman Z score of Asia Pack is 2.85 and is ranked 5 out of its 8 competitors.
Does Asia Pack pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Asia Pack latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Asia Pack allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Asia Pack balance sheet?
Balance sheet of Asia Pack is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Asia Pack improving?
Yes, profit is increasing. The profit of Asia Pack is ₹0.41 Crs for Mar 2025, ₹0.37 Crs for Mar 2024 and ₹0.21 Crs for Mar 2023
Is the debt of Asia Pack increasing or decreasing?
Yes, The net debt of Asia Pack is increasing. Latest net debt of Asia Pack is -₹0.14 Crs as of Mar-26. This is greater than Mar-25 when it was -₹0.26 Crs.
Is Asia Pack stock expensive?
There is insufficient historical data to gauge this. Latest PE of Asia Pack is 58.14
Has the share price of Asia Pack grown faster than its competition?
Asia Pack has given lower returns compared to its competitors. Asia Pack has grown at ~10.28% over the last 8yrs while peers have grown at a median rate of 13.72%
Is the promoter bullish about Asia Pack?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Asia Pack is 55.66% and last quarter promoter holding is 55.66%.
Are mutual funds buying/selling Asia Pack?
There is Insufficient data to gauge this.