Scarnose International Ltd - Stock Valuation and Financial Performance

BSE: 543537 | NSE: | Trading | Small Cap

Scarnose Internatl. Share Price

143.50 0.00 0.00%
as on 22-Mar'24 16:01

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Scarnose International stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
45.2 Cr.
52-wk low:
45.1
52-wk high:
146

Is Scarnose International Ltd an attractive stock to invest in?

1. Is Scarnose International Ltd a good quality company?

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

2. Is Scarnose International Ltd undervalued or overvalued?

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

3. Is Scarnose International Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Scarnose International 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 Scarnose Internatl.:

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.
Scarnose International 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'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%97.1%23%9.8%0.8%-
Value Creation
Index
NA5.90.6-0.3-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 012.132.695.741.141
Sales YoY Gr.-NA170.1%193.9%-57.1%-
Adj EPS 09.41.81.70.20.1
YoY Gr.-NA-80.9%-5%-91.2%-
BVPS (₹) 4.113.515.117.430.330.3
Adj Net
Profit
000.20.30.10
Cash Flow from Ops. 00-0.80.5-5.4-
Debt/CF from Ops. -51.5-0.2-05.90-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA50.5%-57.1%
Adj EPS NANA-74.8%-91.2%
BVPSNANA31%74.3%
Share Price - - - 160.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0106.623.112.60.70.5
Op. Profit
Mgn %
00.30.90.3-0.2NAN
Net Profit
Mgn %
00.20.70.40.10.1
Debt to
Equity
0.20.100.90-
Working Cap
Days
018391301130
Cash Conv.
Cycle
001012520

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 50.49%

Return on Equity has declined versus last 3 years average to 0.50%

Net Profit has been subdued in last 3 years -74.80%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Scarnose International Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 -
TTM Sales (₹ Cr.) 41.1 -
BVPS (₹.) 30.3 -
Reserves (₹ Cr.) 7 -
P/BV 4.74 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 45.10 / 145.98
All Time Low / High (₹) 45.10 / 145.98
Market Cap (₹ Cr.) 45.2
Equity (₹ Cr.) 3.2
Face Value (₹) 10
Industry PE 76.7

Management X-Ray of Scarnose Internatl.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Scarnose Internatl.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales012.0532.5595.6541.07
Operating Expenses 012.0132.2695.3641.15
Manufacturing Costs0011.290
Material Costs011.9930.1692.3140.71
Employee Cost 00.010.170.340.18
Other Costs 00.010.921.420.25
Operating Profit 00.040.290.28-0.08
Operating Profit Margin (%) -0.3%0.9%0.3%-0.2%
Other Income 000.010.280.18
Interest 0000.100.02
Depreciation 0000.020.03
Exceptional Items 00000
Profit Before Tax 00.040.300.450.06
Tax 00.010.080.110.01
Profit After Tax 00.030.230.330.04
PAT Margin (%) -0.2%0.7%0.3%0.1%
Adjusted EPS (₹)0.09.41.81.70.1
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 0.010.041.913.3910.03
Share Capital 0.010.010.421.953.15
Reserves 00.031.491.446.88
Minority Interest00000
Debt000.012.890
Long Term Debt00000
Short Term Debt000.012.890
Trade Payables011.991.865.543.05
Others Liabilities 00.010.800.602.02
Total Liabilities 0.0112.054.5812.4215.10

Fixed Assets

Gross Block0000.760.08
Accumulated Depreciation0000.020.01
Net Fixed Assets0000.740.06
CWIP 00000
Investments 0000.110.11
Inventories0000.200
Trade Receivables012.053.689.6910.41
Cash Equivalents 0.0100.310.110.45
Others Assets000.591.574.07
Total Assets 0.0112.054.5812.4215.10

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0-0.01-0.770.49-5.44
PBT 00.040.300.450.06
Adjustment 00-0.010.02-0.11
Changes in Working Capital -0-0.04-0.980.12-5.39
Tax Paid 0-0.01-0.08-0.100
Cash Flow From Investing Activity 00-0.57-1.75-0.79
Capex 000-0.760.64
Net Investments 000-0.110
Others 00-0.57-0.89-1.43
Cash Flow From Financing Activity 001.651.066.57
Net Proceeds from Shares 001.641.156.60
Net Proceeds from Borrowing 0000.01-0.01
Interest Paid 000-0.10-0.02
Dividend Paid 00000
Others 000.0100
Net Cash Flow 0-0.010.31-0.200.34
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0106.5523.1312.630.67
ROCE (%)0129.5230.7313.370.94
Asset Turnover Ratio023.9211.252.98
PAT to CFO Conversion(x)NAN-0.33-3.351.48-136
Working Capital Days
Receivable Days0365882689
Inventory Days00010
Payable Days0183841538

Scarnose International Ltd Stock News

Scarnose International Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Scarnose Internatl. on 22-Mar-2024 16:01 is ₹143.5.
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 22-Mar-2024 16:01 the market cap of Scarnose Internatl. stood at ₹45.20.
The latest P/E ratio of Scarnose Internatl. as of 22-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Scarnose Internatl. as of 22-Mar-2024 16:01 is 4.74.
The 52-week high of Scarnose Internatl. is ₹146.0 and the 52-week low is ₹45.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Scarnose Internatl. is ₹41.07 ( Cr.) .

About Scarnose International Ltd

The company was originally incorporated as a Private Limited Company in the name of “Chordia Agro Products Private Limited” on April 12, 2011 under the provisions of the Companies Act, 1956 bearing Corporate Identification Number U15400GJ2011PTC064911 issued by the Registrar of Companies - Gujarat, Dadra & Nagar Haveli. Subsequently, name of the company changed to “Scarnose International Private Limited” vide a fresh certificate of incorporation dated July 26, 2018 issued by Registrar of Companies - Ahmedabad. Further, the company was converted into Public Limited Company under the provisions of the Companies Act, 2013 and the name of the Company was changed to “Scarnose International Limited” vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated June 21, 2021 bearing Corporate Identification Number U15400GJ2011PLC064911 issued by the Registrar of Companies – Ahmedabad.

The company is mainly engaged in Trading of diverse range of raw cotton, cotton bales & yarn. Currently, the company has started manufacturing of readymade garments through different job workers. These garments are made using printed fabric and solid dyed fabrics. Most of the garments are supplied with extensive value addition involving embroidery, hand embroidery and hand work including beads, sequences. Latest trend, fashion and lifestyle are having an impact while designing its product range. Currently, the company is in textile sector both in trading and manufacturing. The company procures cotton bales from different ginners (A person who operates a Cotton gin i.e., a Cotton engine which quickly and easily separates cotton fibers from their seeds enabling much greater productivity than manual cotton separation) where-by they provide it cotton in the form of bales. The promoters had existing relationship with many mills and factories and tied up with them, wherein the Company sales cotton bales to them. Most of the clients of its Companies are ginners and cotton factories. It provide Cotton Bales in varied specifications and at economical prices.

Having gained experience in this industry, now the company has started manufacturing ladies dress materials particularly Kurtis from the financial year 2021 through outsourcing model and selling in its own domestic brand “Scarnose”. Its product sourcing of best quality at economical prices results in fine variety of raw cotton, bales and yarn and manufactures Kurtis at best possible prices thus keeping its costs low. It has endeavoured to introduce new styles, fits, finishes and have started manufacturing through outsourcing model. It offer an extensive range of designs, colours, styles and patterns of Kurtis. With large number of different colours and styles, customers have a good number of options. Right from the initial stage that involves the client preferences to constructing the most desirable collections, it ensure complete satisfaction to its client.

Business area of the company

Scarnose International is being in the textile and cotton sector from many years and is one of the trusted suppliers of cotton products. The range of its product includes Cotton bales, Yarn, Fabric, Kurtis.

Key Milestones of the Company

  • 2011: Incorporation of the company as “Chordia Agro Products Private Limited”.
  • 2018: name of the company changed to “Scarnose International Private Limited”.
  • 2019: The company had started its business operation effectively from financial year 2019-20 and started trading of Agro Commodities like Nutrition feeds supplement made of Cereals like Wheat, Bazra etc. and Raw Cotton, Cotton Bales and Yarn.
  • 2020: The company had crossed turnover of Rs 10 crore in the 1st year of effective business operation in financial year FY 2019-20.
  • 2020: Exploring the opportunities in the cotton industry and looking at the bright prospects, we started focusing in business of trading of Raw Cotton, Cotton Bales, Yarn.
  • 2021: The company had crossed turnover of Rs 30 crore in last fiscal financial year i.e., FY 2020-21 and entered into manufacturing of Kurtis, Salwar Suits from the year 2021through outsourcing model.
  • 2021: The Private Limited got converted into Public Limited and name changed to “Scarnose International Limited”.
  • 2021: The company got shareholders’ approval for raising the fund through Initial Public Offer (IPO) and get Listed.
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