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Nivaka Fashions Ltd (542206)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542206 NSE: Retailing | Small Cap | Nivaka Fashions Share Price

₹0.85 -0.04 (-4.49%)

As on 04-Jun'26 16:59

Nivaka Fashions Ltd (542206)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542206 NSE: Retailing | Small Cap | Nivaka Fashions Share Price

₹0.85 -0.04 (-4.49%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹9 Cr.
Current Price
₹0.9
52-Week Low / High
₹1 / 5
TTM EPS
₹-0.5
TTM Sales
₹0 Cr.
Book Value per Share
₹0.8
P/E Ratio
0.00
Industry PE
70.6
Price to Book (P/B)
1.09
Lower than its 5-year historical median
Price to Sales (P/S)
545.54
Higher than its 5-year historical median
EV/EBITDA
-2.18
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-5.12%
Underperforms industry median
Return on Capital Employed (ROCE)
-2.84%
Underperforms industry median
Return on Assets (ROA)
-3.76%
Operating Profit Margin
-10.6%
Net Profit Margin
-34.38%
Gross Profit Margin
1.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-8.13%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
24.49%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-2 Cr.
Equity
₹10.3 Cr.
Face Value
₹1
All Time Low / High
₹0.87 / 14.46

Nivaka Fashions stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Nivaka Fashions Ltd a good quality company?
Nivaka Fashions Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Nivaka Fashions Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Nivaka Fashions Ltd vs industry peers?
Nivaka Fashions Ltd revenue CAGR is -41.55%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Nivaka Fashions Ltd?
Promoters hold 24.49% of the Nivaka Fashions Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Nivaka Fashions Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -30.93% based on the current price.

10 Year X-Ray :

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.
Nivaka Fashions Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.6%3.7%37.1%24.4%-8.2%6%3.2%1.3%-0.6%-2.8%-
Value Creation
Index
-0.9-0.71.70.7-1.6-0.6-0.8-0.9-1.1-1.2-

Growth Parameters

Sales 5.414.836.136.221.621.8124.11.61.50
Sales YoY Gr.-174.3%143.7%0.4%-40.5%1.1%-44.9%-65.7%-61.2%-8.1%-
Adj EPS 000.20.2-0.10.100-0-0.1-0.5
YoY Gr.-100%1050%-26.1%-147.1%NA-50%-100%NANA-
BVPS (₹) 0.60.60.810.911110.90.8
Adj Net
Profit
0.10.22.41.8-0.80.60.30-0.3-0.5-5
Cash Flow from Ops. -0.10.20.14.33.6-0.8-5.61.20.6-1-
Debt/CF from Ops. -5.69.47.30.10.1-0.7-0.10.50.9-0.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -13.5%-41.6%-50.4%-8.1%
Adj EPS -219.6%NA-218.6%NA
BVPS5.4%0.2%-2.7%-5.1%
Share Price - -33.7% -30.8% -76.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.8332.119.1-8.46.32.80.2-2.5-5.1-59.7
Op. Profit
Mgn %
-4.5-0.67.14.9-7.9-0.75-3.7-10.6-10.7-3780
Net Profit
Mgn %
21.26.55-3.92.82.40.6-16-34.4-26188.5
Debt to
Equity
0.10.30.1000.10.10.10.10.10.3
Working Cap
Days
6472201401803814817511,2951,9532,0140
Cash Conv.
Cycle
38-7-1-1-38-91-552-6004195680

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5.4014.8136.0936.2421.5521.7912.014.121.601.47
Operating Expenses + 5.6414.9133.5334.4723.2521.9511.414.271.771.62
Manufacturing Costs0.010.060.050000000
Material Costs5.3214.3332.5532.8720.6519.075.860.790.230.21
Employee Cost 0.130.010.350.471.161.011.191.040.620.61
Other Costs 0.170.510.591.131.441.874.362.440.920.80
Operating Profit -0.24-0.092.571.77-1.70-0.150.60-0.15-0.17-0.16
Operating Profit Margin (%) -4.5%-0.6%7.1%4.9%-7.9%-0.7%5.0%-3.7%-10.6%-10.6%
Other Income + 0.350.360.580.681.010.990.030.540.660.37
Exceptional Items 0000000000
Interest 00.030000.010.040.050.200.20
Depreciation 000.010.050.150.240.290.240.560.51
Profit Before Tax 0.110.243.132.40-0.830.600.310.10-0.27-0.49
Tax 00.060.780.610-0.020.020.07-0.010.01
Profit After Tax 0.110.182.351.79-0.830.620.290.02-0.26-0.50
PAT Margin (%) 2.0%1.2%6.5%5.0%-3.9%2.8%2.4%0.6%-16.0%-34.4%
Adjusted EPS (₹)0.00.00.20.2-0.10.10.00.0-0.0-0.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Nivaka Fashions - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 5.966.148.4910.299.4210.0410.3210.3510.099.59
Share Capital 5.715.715.715.7110.2710.2710.2710.2710.2710.27
Reserves 0.260.442.794.59-0.85-0.230.050.08-0.18-0.68
Debt +0.771.560.690.250.250.510.510.470.430.65
Long Term Debt0.771.560.690.250.250.510.510.470.430.65
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables3.875.6812.018.1619.8822.9111.622.160.600.68
Others Liabilities 0.230.130.880.880.610.590.422.181.842.91
Total Liabilities 10.8313.5222.0719.5930.1634.0422.8715.1612.9713.83

Fixed Assets

Net Fixed Assets +000.100.170.600.850.682.311.791.98
Gross Block000.100.170.801.291.402.311.791.98
Accumulated Depreciation00000.200.440.72000
CWIP 0000000000
Investments 2.613.573.671.602.082.582.582.692.692.69
Inventories0.341.131.741.972.713.382.131.851.781.63
Trade Receivables3.843.1012.265.3411.7015.4110.712.800.431.85
Cash Equivalents 0.020.310.180.100.140.480.340.171.350.13
Others Assets 4.025.424.1110.4012.9211.336.435.334.925.54
Total Assets 10.8313.5222.0719.5930.1634.0422.8715.1612.9713.83

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.140.170.094.293.64-0.80-5.551.210.57-0.98
PBT 0.110.243.131.79-0.830.600.310.07-0.27-0.49
Adjustment -0.33-0.34-0.07-0.780.110.240.290.240.160.34
Changes in Working Capital 0.110.27-2.183.284.36-1.54-6.10.980.68-0.83
Tax Paid -0.03-0-0.7800-0.09-0.05-0.0700
Cash Flow From Investing Activity + 0.18-0.61-0.22-2.61-3.600.885.41-1.340.650.07
Capex 00-0.11-0.06-0.58-0.49-0.11-0.05-0.03-0.70
Net Investments -0.16-0.96-0.112.07-0.48-0.500-0.1000.37
Others 0.340.350-4.62-2.531.875.52-1.190.680.40
Cash Flow From Financing Activity + -0.080.73-0.01-1.7600.26-0-0.04-0.04-0.31
Net Proceeds from Shares 00004.5600000
Net Proceeds from Borrowing -0.070.800-1.7600.26-0-0.04-0.040.22
Interest Paid -0-00000000-0.20
Dividend Paid 0000000000
Others -0.01-0.06-0.010-4.560000-0.33
Net Cash Flow -0.040.29-0.13-0.070.040.34-0.14-0.171.18-1.22

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.812.9832.119.11-8.446.332.830.22-2.51-5.12
ROCE (%)1.633.7337.124.37-8.235.973.161.33-0.63-2.84
Asset Turnover Ratio0.441.222.031.740.870.680.420.220.110.11
PAT to CFO Conversion(x)-1.270.940.042.4N/A-1.29-19.1460.5N/AN/A
Working Capital Days
Receivable Days330.9085.5077.7088.70144.30227396.90598368.20284.60
Inventory Days23.3018.1014.5018.7039.705183.90176.60414.90425.40
Payable Days337.50121.6099.20112247.80409.601,076.403,177.902,218.901,133.20

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nivaka Fashions Ltd FAQs

The current trading price of Nivaka Fashions on 04-Jun-2026 16:59 is ₹0.85.

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 03-Jun-2026 the market cap of Nivaka Fashions stood at ₹8.73 Cr

The latest P/E ratio of Nivaka Fashions as of 03-Jun-2026 is 0.00.

The latest P/B ratio of Nivaka Fashions as of 03-Jun-2026 is 1.09.

The 52-week high of Nivaka Fashions is ₹5.37 and the 52-week low is ₹0.85.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nivaka Fashions is ₹0.02 ( Cr.) .

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

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

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

About Nivaka Fashions Ltd

Nivaka Fashions Limited (Formerly Known as B.T.Syndicate Ltd) is a listed Public Company domiciled in India and incorporated under the provision of the Companies Act, 1956.

B.T.Syndicate Limited is the parent company which is into the business of offline retailing. It started as the supply chain logistic partners and Distributors for companies like VIP Industries Limited, ITC, The Bombay Deying Mfg Co Ltd and Ballarpur Industries Limited.

The company already have the IT infrastructure in place with its POS software already established and running and also integrated with its warehouse and distribution companies and also an online version for proper MIS and reporting.

Business area of the company

The Company is engaged in Manufacturing & Trading of Ethnic Wear of Men & Women.

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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