Cravatex Ltd - Stock Valuation and Financial Performance

BSE: 509472 | NSE: | Trading | Small Cap

Cravatex Share Price

430 -8.35 -1.90%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Cravatex

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Cravatex stock performance -

mw4me loader
P/E Ratio (SA):
38.83
Market Cap:
113.3 Cr.
52-wk low:
285
52-wk high:
686.5

Is Cravatex Ltd an attractive stock to invest in?

1. Is Cravatex Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Cravatex Ltd is a below average quality company.

2. Is Cravatex Ltd undervalued or overvalued?

The key valuation ratios of Cravatex Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Cravatex Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cravatex Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Cravatex:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Cravatex Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.8%8.3%-0.8%0.1%3%7.8%7.7%15.9%11%-12.9%-
Value Creation
Index
-0.3-0.4-1.1-1.0-0.8-0.5-0.50.1-0.2-1.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1851861861570.712.42.32.43.51
Sales YoY Gr.-0.3%0.1%-15.6%-99.5%40.5%132.7%-4.6%5.6%42.6%-
Adj EPS 15.98.9-35.7-25.61.68.8922.616.9-18.811.3
YoY Gr.--43.9%-498.9%NANA437.4%2.4%152.1%-25.4%-211.4%-
BVPS (₹) 156.4161.3125.6112.9115.5123.2128149.2163.255.264.6
Adj Net
Profit
4.12.3-9.2-6.60.42.32.35.84.4-4.93
Cash Flow from Ops. -17.30.78.5104-3-1.2-2-2-3.2-4.6-
Debt/CF from Ops. -3.991.48.40.1-3.2-5.1-2-2-1.30-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -35.7%36.3%12.9%42.6%
Adj EPS -201.8%-263.1%-228%-211.4%
BVPS-10.9%-13.7%-24.5%-66.2%
Share Price 5.5% 8.2% 15.6% 37.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.65.6-24.9-21.51.47.37.116.310.8-17.218.8
Op. Profit
Mgn %
6.37.31.8-1.3-360.9-216.2-120.1-100.9-91.2-79.3-66.7
Net Profit
Mgn %
2.21.2-5-4.256.9217.895.8253.2178.4-139.5316.6
Debt to
Equity
1.71.62.20.30.30.20.10.10.10-
Working Cap
Days
2012302421521,926835260257264296293
Cash Conv.
Cycle
12615416095667152302340211

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.80%

Sales growth is growing at healthy rate in last 3 years 12.87%

Net Profit has been subdued in last 3 years -227.95%

Sales growth is not so good in last 4 quarters at -42.81%

Latest Financials - Cravatex Ltd.

Standalone Consolidated
TTM EPS (₹) 11.3 31.6
TTM Sales (₹ Cr.) 0.9 236
BVPS (₹.) 64.6 371.4
Reserves (₹ Cr.) 14 93
P/BV 6.78 1.18
PE 38.83 13.88
From the Market
52 Week Low / High (₹) 285.00 / 686.50
All Time Low / High (₹) 3.12 / 799.00
Market Cap (₹ Cr.) 113
Equity (₹ Cr.) 2.6
Face Value (₹) 10
Industry PE 75.3

Management X-Ray of Cravatex:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Cravatex

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales185186186157112223
Operating Expenses 173172183159335556
Manufacturing Costs7865000000
Material Costs116112122102112223
Employee Cost 19192020111111
Other Costs 30323432112211
Operating Profit 12143-2-3-2-3-2-2-3
Operating Profit Margin (%) 6.3%7.3%1.8%-1.3%-360.0%-216.0%-120.0%-105.0%-91.2%-79.3%
Other Income 433857710910
Interest 8101210111111
Depreciation 3433111111
Exceptional Items 000000000-33
Profit Before Tax 63-9-703365-28
Tax 210-301001-1
Profit After Tax 42-9-302264-27
PAT Margin (%) 2.2%1.2%-5.0%-2.0%56.9%217.8%95.9%249.9%179.6%-779.0%
Adjusted EPS (₹)15.98.8-35.7-12.21.68.89.022.317.0-105.0
Dividend Payout Ratio (%)22%23%0%0%61%23%33%13%18%-1%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 40423229303233394214
Share Capital 3333333333
Reserves 38393027272930364012
Minority Interest0000000000
Debt676672101064440
Long Term Debt161395754440
Short Term Debt5153635310000
Trade Payables2626320001000
Others Liabilities 16171912888885
Total Liabilities 15015115651484645515419

Fixed Assets

Gross Block424648121266445
Accumulated Depreciation1418218934233
Net Fixed Assets2928274332222
CWIP 0000000000
Investments 0004040414247435
Inventories3646521000000
Trade Receivables7066651001000
Cash Equivalents 7222110113
Others Assets9893211188
Total Assets 15015115651484645515419

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -1719104-3-1-2-2-3-5
PBT 63-9-703365-28
Adjustment 10131510-2-4-4-7-725
Changes in Working Capital -25-53101-2-00-0-1-1
Tax Paid -1-10000-1-1-10
Cash Flow From Investing Activity -1-4-2-174554516
Capex -1-4-213000000
Net Investments 000-330-1-1-5-3-5
Others 00034669821
Cash Flow From Financing Activity 20-2-7-86-2-4-4-1-2-9
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 3-33-111-4-2-10-8
Interest Paid 00-12-10-100000
Dividend Paid -1-1-1000-10-1-1
Others 1832-66-21-10-1-1
Net Cash Flow 2-500-10-1003
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.595.55-24.88-10.231.437.347.1516.110.87-96.19
ROCE (%)13.8511.672.794.123.6210.348.9617.2113.15-87.34
Asset Turnover Ratio1.351.231.211.520.020.020.050.050.050.1
PAT to CFO Conversion(x)-4.250.5N/AN/A-INF-0.5-1-0.33-0.75N/A
Working Capital Days
Receivable Days116133129773561146562126
Inventory Days61819762343734200
Payable Days71858758769076751612

Cravatex Ltd Stock News

Cravatex Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cravatex on 28-Mar-2024 16:01 is ₹430.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Cravatex stood at ₹113.3.
The latest P/E ratio of Cravatex as of 28-Mar-2024 16:01 is 38.83.
The latest P/B ratio of Cravatex as of 28-Mar-2024 16:01 is 6.78.
The 52-week high of Cravatex is ₹686.5 and the 52-week low is ₹285.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cravatex is ₹0.92 ( Cr.) .

About Cravatex Ltd

Cravatex Limited Company was incorporated in 1951. The company imports and distributes products of various brands, such as Johnson, Horizon, Vision, Body Solid, and Magnum. The company also distributes sports shoes and apparels, tennis balls, tennis rackets, and massage chairs and accessories. In addition, it manufactures and sells sports and casual wear.

It is one of the largest chains of dyers and dry cleaners of it's time. Along with these ventures, the company has also diversified into textile processing and printing. In keeping with the developments in the worlds of fitness and health the company expanded into the manufacture of sports and casual wear, culminating recently, in the distribution of fitness equipment for home and commercial use.

The company represents several reputed international brands of fitness equipment in India and is the only ISO certified & public listed company in this field. The company, therefore, has now integrated beauty therapy into its already versatile list of services. The company offers a range of advanced international beauty therapies within spas across the country as well as providing clients with high-end beauty products from one of the leading beauty product manufacturers in the world. The company continues its presence in the Garment Exports Market and the domestic footwear market where it caters to the needs of several international brands.

Group Companies, Proline Exports and Pro Apparels, focus on the manufacture and marketing of premium quality garments, for some of the most discerning customers in the world.

The companies track fashion trends and research new products globally, before shipping to an impressive list of clients. The list includes top urban fashion brands including Azzure; an urban fashion based sportswear collection, Bullrot; a French clothing company which designs trendy street wear, and Phyne Clothing; a female urban clothing brand. Among the sporting brands are Wilson, Fila, Ocean Pacific and Russell Athletic.

It contributes to the distribution of major international brands Fila, Slazenger and Nassau. Fila Sport Spa (Italy) in sports section. In footwear it distributes shoes of JoggerS, Lifestyle, running, sandals tennis shoes. In raquet sports it offers tennis balls, tennis rackets.

Thec company launched Proline Fitness in 1996 which was a pioneer in introducing the personal range of fitness equipments to the Indian Market. Proline Fitness is the sole importer and distributor for several international brands like Johnson (the 4th Largest Fitness Equipment Manufacturer in the World), Horizon, Vision, Body Solid and Magnum. It has a complete range of fitness equipment for home as well as commercial use.

The sports division of the company includes footware, accessories and raquet sports while the fitness division includes home and commercial products

2011 - Company successfully concluded negotiation to extend the Sub License Agreement for the use of "FILA" trademark for India, Bangladesh, Pakistan and Sri Lanka.
2012 - The Company has successfully concluded negotiations with the brand owner and has reached a mutual agreement to extend the Sub-license Agreement for the use of "FILA" trademark for India, Bangladesh, Pakistan and Sri Lanka.

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