Past 10 year's financial track record analysis by Moneyworks4me indicates that Cantabil Retail India Ltd is a average quality company.
The key valuation ratios of Cantabil Retail India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cantabil Retail India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -5.4% | 6.5% | 7.8% | 7% | 17.3% | 12.2% | 19.9% | 18.4% | 36.8% | 43% | - |
| Value Creation Index ⓘ | -1.4 | -0.5 | -0.4 | -0.5 | 0.2 | -0.1 | 0.4 | 0.3 | 1.6 | 2.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 111 | 139 | 155 | 157 | 196 | 289 | 338 | 252 | 383 | 552 | 594 |
| Sales YoY Gr. | - | 24.6% | 12% | 0.9% | 25.2% | 47.1% | 17.2% | -25.5% | 52.2% | 44% | - |
| Adj EPS ⓘ | -1.1 | 0.4 | 0.6 | 0.5 | 2.3 | 1.5 | 2 | 1.2 | 4.7 | 8.2 | 7.3 |
| YoY Gr. | - | NA | 51.2% | -19.4% | 358% | -33.2% | 32% | -41.6% | 294.9% | 76.8% | - |
| BVPS (₹) ⓘ | 8.5 | 8.9 | 9.5 | 10.4 | 12.4 | 14 | 14.5 | 15.2 | 19.6 | 27.1 | 37.3 |
| Adj Net Profit ⓘ | -9.1 | 3.3 | 5.1 | 4.1 | 18.7 | 12.5 | 16.5 | 9.7 | 38.1 | 67.2 | 61 |
| Cash Flow from Ops. ⓘ | 5.9 | 9.5 | 19.9 | 9.6 | 7.3 | 23.7 | 62.2 | 66.5 | 90.3 | 75.1 | - |
| Debt/CF from Ops. ⓘ | 5.3 | 3.7 | 1.7 | 4.2 | 6.3 | 1.8 | 0.6 | 0.2 | 0 | 0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 19.5% | 23% | 17.7% | 44% | ||||
| Adj EPS ⓘ | NA | 29.2% | 59.8% | 76.8% | ||||
| BVPSⓘ | 13.7% | 17% | 23.3% | 38.3% | ||||
| Share Price | 48% | 31.9% | 42% | 7.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -12.2 | 4.7 | 6.7 | 5.1 | 20.1 | 11.6 | 14.2 | 8 | 26.8 | 35.3 | 22.6 |
| Op. Profit Mgn % ⓘ | -2.6 | 10.3 | 10.4 | 11.5 | 10.2 | 10.3 | 25.1 | 23.6 | 29.1 | 30 | 26.9 |
| Net Profit Mgn % ⓘ | -8.2 | 2.4 | 3.3 | 2.6 | 9.5 | 4.3 | 4.9 | 3.8 | 9.9 | 12.2 | 10.2 |
| Debt to Equity ⓘ | 0.4 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.3 | 0.1 | 0 | 0.1 | - |
| Working Cap Days ⓘ | 250 | 213 | 195 | 200 | 195 | 164 | 168 | 236 | 167 | 157 | 75 |
| Cash Conv. Cycle ⓘ | 160 | 126 | 117 | 116 | 104 | 75 | 83 | 123 | 80 | 85 | 28 |
Sales growth is growing at healthy rate in last 3 years 17.74%
Net Profit is growing at healthy rate in last 3 years 59.78%
Sales growth is good in last 4 quarters at 16.07%
Return on Equity has declined versus last 3 years average to 22.50%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.3 | - |
| TTM Sales (₹ Cr.) | 594 | - |
| BVPS (₹.) ⓘ | 37.3 | - |
| Reserves (₹ Cr.) ⓘ | 295 | - |
| P/BV ⓘ | 5.73 | - |
| PE ⓘ | 29.43 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 181.85 / 278.75 |
| All Time Low / High (₹) | 2.40 / 319.00 |
| Market Cap (₹ Cr.) | 1,788 |
| Equity (₹ Cr.) | 16.7 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 28.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 111 | 139 | 155 | 157 | 196 | 289 | 338 | 252 | 383 | 552 |
| Operating Expenses ⓘ | 114 | 124 | 139 | 139 | 176 | 259 | 253 | 192 | 272 | 386 |
| Manufacturing Costs | 17 | 23 | 22 | 29 | 30 | 23 | 43 | 28 | 39 | 68 |
| Material Costs | 48 | 48 | 61 | 49 | 69 | 136 | 119 | 88 | 128 | 160 |
| Employee Cost | 14 | 17 | 22 | 25 | 37 | 51 | 60 | 42 | 62 | 97 |
| Other Costs ⓘ | 35 | 35 | 34 | 37 | 40 | 49 | 31 | 35 | 43 | 61 |
| Operating Profit ⓘ | -3 | 14 | 16 | 18 | 20 | 30 | 85 | 59 | 111 | 166 |
| Operating Profit Margin (%) | -2.6% | 10.3% | 10.4% | 11.5% | 10.2% | 10.3% | 25.1% | 23.6% | 29.1% | 30.0% |
| Other Income ⓘ | 0 | 0 | 0 | 1 | 1 | 4 | 4 | 17 | 15 | 4 |
| Interest ⓘ | 5 | 5 | 5 | 6 | 7 | 9 | 21 | 25 | 24 | 28 |
| Depreciation ⓘ | 2 | 6 | 6 | 8 | 9 | 9 | 44 | 39 | 43 | 53 |
| Exceptional Items ⓘ | 0 | -1 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -9 | 3 | 5 | 5 | 8 | 16 | 24 | 12 | 60 | 89 |
| Tax ⓘ | 0 | 0 | 0 | 1 | -12 | 4 | 8 | 3 | 22 | 22 |
| Profit After Tax | -9 | 3 | 5 | 4 | 20 | 12 | 16 | 10 | 38 | 67 |
| PAT Margin (%) | -8.2% | 2.1% | 3.3% | 2.6% | 10.2% | 4.3% | 4.9% | 3.8% | 9.9% | 12.2% |
| Adjusted EPS (₹) | -1.1 | 0.4 | 0.6 | 0.5 | 2.5 | 1.5 | 2.0 | 1.2 | 4.7 | 8.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 10% | 17% | 11% | 11% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 70 | 72 | 77 | 85 | 101 | 114 | 118 | 124 | 160 | 221 |
| Share Capital ⓘ | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves ⓘ | 53 | 56 | 61 | 69 | 85 | 98 | 102 | 108 | 144 | 205 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 31 | 35 | 33 | 39 | 43 | 39 | 36 | 14 | 0 | 23 |
| Long Term Debt | 0 | 0 | 4 | 4 | 7 | 4 | 2 | 0 | 0 | 0 |
| Short Term Debt | 31 | 34 | 29 | 35 | 36 | 35 | 34 | 14 | 0 | 23 |
| Trade Payables | 13 | 17 | 14 | 27 | 26 | 49 | 38 | 39 | 51 | 57 |
| Others Liabilities ⓘ | 7 | 8 | 11 | 10 | 4 | 9 | 241 | 235 | 286 | 317 |
| Total Liabilities ⓘ | 121 | 132 | 136 | 160 | 175 | 212 | 433 | 412 | 497 | 619 |
Fixed Assets | ||||||||||
| Gross Block | 56 | 60 | 76 | 64 | 70 | 84 | 293 | 311 | 383 | 456 |
| Accumulated Depreciation | 11 | 16 | 22 | 7 | 15 | 24 | 34 | 73 | 86 | 136 |
| Net Fixed Assetsⓘ | 45 | 44 | 55 | 57 | 55 | 60 | 259 | 238 | 297 | 320 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 12 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 47 | 59 | 58 | 73 | 81 | 97 | 128 | 124 | 147 | 218 |
| Trade Receivables | 13 | 10 | 10 | 10 | 10 | 18 | 5 | 4 | 4 | 10 |
| Cash Equivalents | 1 | 2 | 1 | 1 | 3 | 3 | 4 | 8 | 3 | 1 |
| Others Assetsⓘ | 16 | 17 | 12 | 19 | 26 | 34 | 37 | 36 | 45 | 58 |
| Total Assets ⓘ | 121 | 132 | 136 | 160 | 175 | 212 | 433 | 412 | 497 | 619 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6 | 10 | 20 | 10 | 7 | 24 | 62 | 67 | 90 | 75 |
| PBT ⓘ | -9 | 3 | 5 | 5 | 8 | 16 | 24 | 12 | 60 | 89 |
| Adjustment ⓘ | 6 | 11 | 11 | 15 | 16 | 13 | 63 | 48 | 53 | 78 |
| Changes in Working Capital ⓘ | 9 | -4 | 4 | -9 | -15 | -2 | -21 | 8 | -7 | -65 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 | -1 | -3 | -4 | -1 | -15 | -27 |
| Cash Flow From Investing Activity ⓘ | -4 | -8 | -15 | -10 | -5 | -13 | -13 | -7 | -41 | -34 |
| Capex | -11 | -5 | -17 | -10 | -6 | -14 | -13 | -8 | -45 | -34 |
| Net Investments | 7 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -2 | 3 | 0 | 0 | 0 | 0 | 1 | 4 | 0 |
| Cash Flow From Financing Activityⓘ | -5 | -1 | -6 | 0 | -1 | -11 | -48 | -55 | -54 | -43 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 1 | 5 | -1 | 5 | -2 | -3 | -4 | 0 | 0 |
| Interest Paid ⓘ | -5 | -5 | -5 | -6 | -6 | -7 | -6 | -4 | -2 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | -2 | -6 |
| Others ⓘ | 0 | 4 | -5 | 6 | 1 | -2 | -39 | -43 | -50 | -35 |
| Net Cash Flow ⓘ | -3 | 1 | -1 | 0 | 2 | 0 | 1 | 4 | -5 | -2 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -12.25 | 4.07 | 6.76 | 5.01 | 21.5 | 11.61 | 14.14 | 7.98 | 26.79 | 35.25 |
| ROCE (%) | -4.1 | 7.23 | 9.26 | 8.89 | 10.64 | 16.34 | 28.69 | 25.18 | 56.07 | 58.02 |
| Asset Turnover Ratio | 0.91 | 1.1 | 1.16 | 1.09 | 1.18 | 1.49 | 1.05 | 0.6 | 0.84 | 0.99 |
| PAT to CFO Conversion(x) | N/A | 3.33 | 4 | 2.5 | 0.35 | 2 | 3.88 | 6.7 | 2.37 | 1.12 | Working Capital Days |
| Receivable Days | 47 | 30 | 23 | 22 | 19 | 18 | 12 | 6 | 4 | 4 |
| Inventory Days | 147 | 139 | 138 | 149 | 143 | 113 | 121 | 182 | 129 | 121 |
| Payable Days | 65 | 111 | 91 | 153 | 141 | 101 | 134 | 160 | 127 | 123 |
Cantabil Retail India was originally incorporated as “Kapish Sales†on February 09, 1989 under the Companies Act, 1956 with the registrar of companies NCT Delhi and Haryana. The name of the company was subsequently changed to “Kapish Products†pursuant to a fresh certificate of incorporation dated May 15, 1995. Pursuant to the scheme of amalgamation approved by the High Court of Delhi vide its order dated October 23, 2008, Cantabil International Private Limited was merged into the company with effect from April 01, 2007, being the appointed date for the amalgamation. The order of High Court was filed with the registrar of companies on December 08, 2008. The company had allotted equity shares to the members of Cantabil International Private Limited in the ratio of 3 equity shares of face value Rs 10 each of Cantabil Retail India Limited against every 2 equity shares of face value Rs 10 each held in Cantabil International Private Limited. The company has applied for the formal order of High Court in respect of the scheme of amalgamation. It shall apply for mutation of properties of the transferor company in its name on receipt of final order from the High Court containing schedule of properties. The name of the company was subsequently changed to “Cantabil Retali India Private Limited†pursuant to a fresh certificate of incorporation dated March 05, 2009. Subsequently the company was converted into public limited company and received fresh certificate of incorporation dated August 26, 2009 in the name of Cantabil Retail India Limited.
The company has started its garments manufacturing and retailing business in 2000 and opened its first Cantabil store in September, 2000 in New Delhi. The “CANTABIL†brand with 206 exclusive retail outlets offers the complete range of formalwear, party-wear, casuals and ultracasual clothing for men, women and kids in the middle to high income group. In the last 9 years, “CANTABIL†has become a complete family wear brand with addition of women’s wear segment in 2007 and Kidswear segment in 2008. The company has launched its second brand “La FANSO†on 25th October 2008 and has 175 exclusive outlets. The “La FANSO†brand caters to men’s segment in lower to middle income group and focuses on casual, ultra casual and formal wear. The company is also retailing various accessories like ties, belts, socks, caps and handkerchief under its brands.
At present, the company has 3 in-house manufacturing / finishing units and 4 warehouses located in Delhi. It also has 3 third party dedicated units manufacturing exclusively for us. It has fabricating arrangements with 94 manufacturing units to which it outsource cutting and stitching. The company’s manufacturing and finishing facilities are sufficiently backed by facilities for product development, design, fabric testing to ensure quality apparels for its customers. The company is setting up a garment washing unit at Sonipat at a cost of Rs 2.21 crore, which is under advance stage of implementation and is slated to start operation by end of March 2010. In order to meet its growth plans and to reduce its dependence on third party fabricators, it is proposing to set up a large integrated manufacturing facility at Bahadurgarh.
The company has two chains of exclusive retail outlets under the brand name “Cantabil†and “La FANSO†which display and sell the respective brands exclusively. To enhance visibility and to ensure maximum footfalls, its stores are situated at malls and at prominent locations of the major metros, mini metros, large cities and other Tier II cities. Such metros and cities includes Delhi, Mumbai, Kolkatta, Bangalore, Hyderabad, Pune, Jaipur, Ahemdabad, Vadodra, Lucknow, Kanpur, Patna, Ranchi, Dehradun, Meerut, Ludhiana, Jalandhar, Udaipur, Agra, Ghaziabad and Gurgaon etc.
Business area of the company
The company is in the business of designing, manufacturing, branding and retailing of apparels under the brand names of “CANTABIL†and “La FANSOâ€. It has a network of 381 exclusive retail outlets (as of August 31, 2009) spread across India.
History
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