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Past 10 year's financial track record analysis by Moneyworks4me indicates that Celebrity Fashions Ltd is a average quality company.
The key valuation ratios of Celebrity Fashions 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 Semi Strong which suggest that the price of Celebrity Fashions Ltd is likely to Rise-somewhat 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 % ⓘ | 10.9% | 4.8% | 9.9% | -3.8% | 3.4% | 10.9% | 17.4% | -2.4% | 14.7% | 13.7% | - |
| Value Creation Index ⓘ | -0.2 | NA | -0.3 | NA | NA | -0.2 | 0.2 | -1.2 | 0.1 | 0.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 242 | 206 | 197 | 192 | 204 | 231 | 233 | 233 | 328 | 364 | 345 |
| Sales YoY Gr. | - | -14.8% | -4.2% | -2.7% | 6% | 13.7% | 0.5% | 0.1% | 40.8% | 11.1% | - |
| Adj EPS ⓘ | 1.6 | -0.6 | 0.6 | -1.9 | -0.4 | 0.9 | 1.8 | -1.3 | 1.7 | 1.6 | 0.6 |
| YoY Gr. | - | -137.3% | NA | -395.3% | NA | NA | 95.6% | -170.2% | NA | -5.4% | - |
| BVPS (₹) ⓘ | -6.4 | -6.2 | -0.7 | -3.3 | -2.4 | -1.3 | 2 | 0.8 | 2.9 | 4.9 | 6.1 |
| Adj Net Profit ⓘ | 5.8 | -2.3 | 2.5 | -7.9 | -1.9 | 4.3 | 8.5 | -6 | 8.7 | 8.6 | 3 |
| Cash Flow from Ops. ⓘ | 2.9 | 10.9 | 0.1 | 4.7 | 0.5 | 14.6 | 17.5 | -6.6 | 12.3 | 14.6 | - |
| Debt/CF from Ops. ⓘ | 32 | 7.4 | 775.4 | 19.7 | 199.7 | 6.3 | 3.9 | -12.3 | 6.2 | 5.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.7% | 12.3% | 16.1% | 11.1% | ||||
| Adj EPS ⓘ | 0.1% | NA | -3.7% | -5.4% | ||||
| BVPSⓘ | NA | NA | 34.7% | 70.3% | ||||
| Share Price | 12.1% | 18.1% | 55.8% | 44% | ||||
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 % ⓘ | -26.6 | -168.4 | 21.5 | -155 | 16.7 | -51.8 | 498.1 | -89.6 | 93.3 | 41.2 | 10.7 |
| Op. Profit Mgn % ⓘ | 6.3 | 5 | 4.4 | 3.7 | 5 | 7.6 | 9.5 | 2.6 | 6.7 | 6.9 | 5 |
| Net Profit Mgn % ⓘ | 2.4 | -1.1 | 1.3 | -4.1 | -0.9 | 1.9 | 3.7 | -2.6 | 2.7 | 2.4 | 1 |
| Debt to Equity ⓘ | 53.5 | 82 | 3.1 | -6.8 | -8.8 | -14.6 | 7 | 22.3 | 5.1 | 3.1 | - |
| Working Cap Days ⓘ | 101 | 113 | 129 | 151 | 150 | 151 | 159 | 181 | 159 | 152 | 78 |
| Cash Conv. Cycle ⓘ | 63 | 72 | 89 | 103 | 99 | 97 | 96 | 113 | 98 | 97 | 9 |
Sales growth is growing at healthy rate in last 3 years 16.14%
Debt to equity has declined versus last 3 years average to 3.06
Return on Equity has declined versus last 3 years average to 10.70%
Net Profit has been subdued in last 3 years -3.69%
Sales growth is not so good in last 4 quarters at -2.32%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.6 | - |
| TTM Sales (₹ Cr.) | 345 | - |
| BVPS (₹.) ⓘ | 6.1 | - |
| Reserves (₹ Cr.) ⓘ | -22 | - |
| P/BV ⓘ | 3.02 | - |
| PE ⓘ | 31.14 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 12.15 / 21.77 |
| All Time Low / High (₹) | 1.95 / 250.00 |
| Market Cap (₹ Cr.) | 105 |
| Equity (₹ Cr.) | 56.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.4 |
| Pledged * | 65.57 | 65.57 | 65.57 | 65.57 | 65.57 | 65.57 | 70.93 | 70.93 | 70.93 | 70.93 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 242 | 206 | 197 | 192 | 204 | 231 | 233 | 233 | 328 | 364 |
| Operating Expenses ⓘ | 233 | 196 | 189 | 185 | 193 | 215 | 214 | 227 | 306 | 343 |
| Manufacturing Costs | 17 | 10 | 10 | 12 | 9 | 11 | 11 | 14 | 16 | 18 |
| Material Costs | 138 | 109 | 102 | 100 | 109 | 122 | 121 | 138 | 203 | 203 |
| Employee Cost | 48 | 54 | 54 | 52 | 54 | 55 | 60 | 55 | 66 | 81 |
| Other Costs ⓘ | 30 | 23 | 23 | 21 | 21 | 27 | 23 | 20 | 21 | 41 |
| Operating Profit ⓘ | 9 | 10 | 9 | 7 | 10 | 16 | 18 | 6 | 22 | 21 |
| Operating Profit Margin (%) | 3.7% | 5.0% | 4.4% | 3.7% | 5.0% | 6.9% | 7.9% | 2.6% | 6.6% | 5.9% |
| Other Income ⓘ | 1 | 4 | 2 | 2 | 3 | 0 | 0 | 1 | 0 | 0 |
| Interest ⓘ | 7 | 9 | 9 | 7 | 7 | 7 | 8 | 6 | 6 | 7 |
| Depreciation ⓘ | 5 | 7 | 8 | 7 | 7 | 6 | 9 | 7 | 7 | 8 |
| Exceptional Items ⓘ | 10 | 0 | 27 | -8 | 0 | 0 | 16 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 8 | -2 | 21 | -13 | -1 | 3 | 17 | -6 | 9 | 6 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 8 | -2 | 21 | -13 | -1 | 3 | 17 | -6 | 9 | 6 |
| PAT Margin (%) | 3.5% | -1.1% | 10.8% | -6.7% | -0.4% | 1.4% | 7.2% | -2.4% | 2.7% | 1.7% |
| Adjusted EPS (₹) | 2.3 | -0.6 | 5.5 | -3.1 | -0.2 | 0.7 | 3.5 | -1.2 | 1.7 | 1.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 2 | 1 | 22 | -14 | -11 | -6 | 10 | 4 | 15 | 27 |
| Share Capital ⓘ | 61 | 64 | 64 | 42 | 46 | 48 | 48 | 48 | 52 | 54 |
| Reserves ⓘ | -60 | -63 | -42 | -56 | -57 | -54 | -38 | -44 | -37 | -27 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 74 | 48 | 68 | 91 | 95 | 88 | 68 | 77 | 74 | 79 |
| Long Term Debt | 42 | 27 | 24 | 49 | 45 | 43 | 27 | 36 | 29 | 32 |
| Short Term Debt | 32 | 21 | 43 | 42 | 50 | 46 | 41 | 41 | 44 | 47 |
| Trade Payables | 29 | 19 | 24 | 23 | 26 | 21 | 24 | 30 | 38 | 32 |
| Others Liabilities ⓘ | 35 | 49 | 17 | 18 | 18 | 31 | 43 | 47 | 54 | 42 |
| Total Liabilities ⓘ | 140 | 117 | 131 | 118 | 128 | 134 | 145 | 157 | 181 | 181 |
Fixed Assets | ||||||||||
| Gross Block | 121 | 108 | 94 | 44 | 44 | 43 | 61 | 48 | 59 | 70 |
| Accumulated Depreciation | 56 | 50 | 48 | 4 | 9 | 13 | 22 | 20 | 36 | 44 |
| Net Fixed Assetsⓘ | 65 | 59 | 46 | 40 | 34 | 30 | 39 | 28 | 23 | 26 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 24 | 27 | 36 | 38 | 40 | 50 | 57 | 60 | 71 | 96 |
| Trade Receivables | 35 | 18 | 36 | 25 | 36 | 34 | 30 | 55 | 68 | 33 |
| Cash Equivalents | 3 | 2 | 2 | 2 | 2 | 4 | 3 | 1 | 2 | 8 |
| Others Assetsⓘ | 12 | 11 | 11 | 12 | 15 | 16 | 16 | 15 | 17 | 18 |
| Total Assets ⓘ | 140 | 117 | 131 | 118 | 128 | 134 | 145 | 157 | 181 | 181 |
| 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 ⓘ | 3 | 11 | 0 | 5 | 0 | 15 | 17 | -7 | 12 | 15 |
| PBT ⓘ | -2 | -2 | 21 | -13 | -1 | 3 | 17 | -6 | 9 | 6 |
| Adjustment ⓘ | 10 | 15 | -10 | 14 | 14 | 13 | 2 | 12 | 13 | 15 |
| Changes in Working Capital ⓘ | -6 | -2 | -11 | 4 | -12 | -1 | -1 | -13 | -10 | -7 |
| Tax Paid ⓘ | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 32 | -1 | -1 | -1 | 16 | 2 | -1 | -7 |
| Capex | 0 | -1 | 32 | -1 | -1 | -1 | 17 | 0 | -1 | -6 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | -1 | -1 | 2 | -1 | -2 |
| Others ⓘ | 0 | 1 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -5 | -12 | -32 | -4 | 1 | -12 | -35 | 4 | -11 | -3 |
| Net Proceeds from Shares ⓘ | 6 | 3 | 0 | 5 | 3 | 2 | 0 | 0 | 5 | 5 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | -3 | -3 | -19 | 13 | -8 | 3 |
| Interest Paid ⓘ | -7 | -9 | -9 | -6 | -7 | -7 | -8 | -6 | -6 | -7 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -4 | -5 | -23 | -3 | 8 | -4 | -8 | -3 | -2 | -3 |
| Net Cash Flow ⓘ | -2 | -1 | 0 | 0 | 0 | 1 | -2 | 0 | 0 | 5 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0 | 0 | 0 | N/A | N/A | N/A | 984.8 | -83.7 | 94.31 | 29.51 |
| ROCE (%) | 15.72 | 8 | 34.65 | N/A | N/A | N/A | 30.62 | 0.28 | 16.8 | 13.41 |
| Asset Turnover Ratio | 1.75 | 1.61 | 1.59 | 1.54 | 1.65 | 1.77 | 1.67 | 1.54 | 1.94 | 2.01 |
| PAT to CFO Conversion(x) | 0.38 | N/A | 0 | N/A | N/A | 5 | 1 | N/A | 1.33 | 2.5 | Working Capital Days |
| Receivable Days | 53 | 47 | 50 | 58 | 55 | 55 | 50 | 66 | 68 | 50 |
| Inventory Days | 30 | 45 | 58 | 71 | 71 | 71 | 84 | 92 | 73 | 84 |
| Payable Days | 31 | 34 | 35 | 46 | 46 | 49 | 68 | 71 | 61 | 63 |
Celebrity Fashions was incorporated on April 28, 1988 as Celebrity Fashions Private Limited as a small 50 machine factory and with 72 people, in Chennai. The company became a public limited company on September 12, 2005 and subsequently its name got changed to Celebrity Fashions Limited. The company is engaged in the business of designing, manufacturing and selling of men’s garments. It caters to the demand of leading international brands and also to the domestic market through its own brand ‘Indian Terrain’.
Indian Terrain includes a wide range of smart casual cotton work wear, linens, T-shirts, and rugged out door casuals.
Celebrity Fashions today is one of India’s consummate garment exporters with the capability to manufacturing the largest number of trousers in the country. The company also has its own national premier menswear brand, Indian Terrain.
The company is engaged in manufacturing and selling of garments. Its production divisions are backed by top technical and merchandising skills. Its design studios support the divisions and make them world class sourcing partners. Needless to say the state of the art manufacturing facility is used for manufacturing.
The geographical segments of the company are India and rest of the world. The company operates the domestic division through two brands, Indian Terrain and Spirit. Indian Terrian is a leading men’s wear brand in the premium segment. It quickly climbed up to the leader spot across MBO’s like Lifestyle and Hi-fashion stores.
Its clients include companies like Timberland, Gap, Armani jeans, Dockers, Nautica, Vans, etc.
Celebrity has been acknowledged by Timberland for its corporate social responsibility initiatives with an award for the same. Its facility has a 6 bed medical in-house facility with a full time medical team and an active creche.
Celebrity Fashions continuously upgrades its facilities to set new benchmarks in the garment manufacturing industry by always keeping to its quality and time commitments. The infrastructure facility feed the Gerber cutters with an output of 50,000+ trousers per day. As in October 2007 Celebrity Fashions had about 5000 sewing machines in operation including 14 etonised lines for the bottoms division and at that time have a capacity of 750,000 trousers & 500,000 tops per month.
It has a washing capacity of 35,000 pieces per day. Types of wash include:Softner wash, Silicon softner wash, Enzyme wash, Biowash, Stone wash, Bio stone wash, Rubber ball wash, Golf ball wash, Acid wash, Crackle wash, Caustic wash, Dark wash and Light wash (Denim) Stiffner wash. Garments are manufactured with a variety of performance finishes like wrinkle free and stain free, sand blasting, spraying, grinding and viscouring.
Celebrity Product Development Centre aims to provide a full & comprehensive service to all internal and external customers. With a highly skilled Technical Team that has the capabilities of developing concepts through to final product, customers can have total confidence that their specific and individual requirements will be met. Close liaison with all suppliers of the company ensures that the latest technology and specialist technical knowledge is integrated to ensure as partners to achieve the final results its customers require.
It provides its clients with various design support – such as CADD – for plaids & prints, Trend analysis and Life style presentation.
Recent developments
Celebrity Fashions Limited has suspended its Chennai operations in May 2008.
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