Cheviot Company Ltd - Stock Valuation and Financial Performance

BSE: 526817 | NSE: CHEVIOT | Textile | Small Cap

Cheviot Company Share Price

1,323.90 -8.15 -0.61%
as on 11-Oct'24 13:12

DeciZen - make an informed investing decision on Cheviot Company

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Cheviot Company stock performance -

mw4me loader
P/E Ratio (SA):
9.85
Market Cap:
778.2 Cr.
52-wk low:
1,151.2
52-wk high:
1,651

Is Cheviot Company Ltd an attractive stock to invest in?

1. Is Cheviot Company Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Cheviot Company Ltd is a good quality company.

2. Is Cheviot Company Ltd undervalued or overvalued?

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

3. Is Cheviot Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cheviot Company 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 Cheviot Company:

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.
Cheviot Company Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 14.8%16.4%18.5%18.5%16.5%13.3%18.4%20.6%15.5%17.1%-
Value Creation
Index
0.10.20.30.30.2-0.10.30.50.10.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 267343394376395458396571564463441
Sales YoY Gr.-28.5%14.7%-4.4%4.9%16.1%-13.6%44.3%-1.3%-17.9%-
Adj EPS 41.950.769.681.880.276.8120.9132.192.8104.8135.3
YoY Gr.-21.2%37.2%17.6%-2%-4.2%57.4%9.3%-29.8%13%-
BVPS (₹) 428.5469.1566.6632.1712.1728.6844.1743.6775.2861.5878.8
Adj Net
Profit
28.334.347.152.951.849.775.879.555.863.179
Cash Flow from Ops. 23.21131.238.519.640.134.8565535.9-
Debt/CF from Ops. 0.61.10.40.200.10.30.10.10.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.3%3.2%5.4%-17.9%
Adj EPS 10.7%5.5%-4.6%13%
BVPS8.1%3.9%0.7%11.1%
Share Price 19.2% 15.4% 1.2% 13.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
8.28.910.610.99.3811.612.99.910.515.6
Op. Profit
Mgn %
10.913.111.114.714.512.513.214.411.910.19.8
Net Profit
Mgn %
10.6101214.113.110.819.113.99.913.617.9
Debt to
Equity
0.1000000000-
Working Cap
Days
11910210211211911614310210111773
Cash Conv.
Cycle
867376869287107808410060

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.50%

Sales growth has been subdued in last 3 years 5.35%

Net Profit has been subdued in last 3 years -4.63%

Sales growth is not so good in last 4 quarters at -16.88%

Latest Financials - Cheviot Company Ltd.

Standalone Consolidated
TTM EPS (₹) 135.3 -
TTM Sales (₹ Cr.) 441 -
BVPS (₹.) 878.8 -
Reserves (₹ Cr.) 508 -
P/BV 1.52 -
PE 9.85 -
From the Market
52 Week Low / High (₹) 1151.15 / 1651.00
All Time Low / High (₹) 7.11 / 2055.55
Market Cap (₹ Cr.) 778
Equity (₹ Cr.) 5.8
Face Value (₹) 10
Industry PE 29.6

Management X-Ray of Cheviot Company:

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 Cheviot Company

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales267343394376395458396571564463
Operating Expenses 240298350321340405344491499416
Manufacturing Costs40464849505744515860
Material Costs135183217188197249223328325254
Employee Cost 47576468697658707877
Other Costs 18122117242319423826
Operating Profit 27454455555352816447
Operating Profit Margin (%) 10.1%13.1%11.1%14.7%13.8%11.6%13.2%14.1%11.4%10.1%
Other Income 22133124221346261245
Interest 1111100000
Depreciation 6684445447
Exceptional Items 1010000000
Profit Before Tax 425166747262931027185
Tax 8151720211417221716
Profit After Tax 35364954504876795469
PAT Margin (%) 13.0%10.6%12.6%14.4%12.7%10.5%19.1%13.9%9.7%15.0%
Adjusted EPS (₹)51.153.973.183.677.674.4120.8131.990.5115.3
Dividend Payout Ratio (%)22%21%1%1%1%65%145%46%30%4%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 357418475500612623682553573626
Share Capital 5554666666
Reserves 352414470496605617676547567620
Minority Interest0000000000
Debt1413135158869
Long Term Debt0001100000
Short Term Debt1413135048769
Trade Payables89565446511
Others Liabilities 19112634474545393835
Total Liabilities 398451519545665676739606622681

Fixed Assets

Gross Block271309321322396401399331388392
Accumulated Depreciation159164171174177181183183184190
Net Fixed Assets112145150148218219216148204202
CWIP 01011426323754
Investments 193187246265278256322232258321
Inventories4559606180828288100107
Trade Receivables25303138323442493430
Cash Equivalents 8812111721132493
Others Assets15202120253832281314
Total Assets 398451519545665676739606622681

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 23113138204035565536
PBT 425166747262931027185
Adjustment -11-4-20-17-14-3-41-18-6-38
Changes in Working Capital -1-21-0-1-15-3-2-482
Tax Paid -7-15-15-18-23-16-15-24-18-13
Cash Flow From Investing Activity -1511-290-14-3-23113-22-24
Capex -2-6-10-3-14-14-7-3-24-9
Net Investments -268-30-10-92-26106-8-21
Others 1410111399101196
Cash Flow From Financing Activity -8-210-39-6-35-19-164-38-14
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0001000000
Interest Paid -1-1-1-1-100000
Dividend Paid -7-15000-320-110-36-16
Others 0-51-39-5-3-18-54-22
Net Cash Flow 012-102-75-6-2
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)12.4612.0114.1213.6511.5410.3315.1416.2511.9214.09
ROCE (%)14.8216.3518.4618.4516.5113.2818.4420.615.4817.06
Asset Turnover Ratio0.70.810.810.710.650.680.560.850.920.71
PAT to CFO Conversion(x)0.660.310.630.70.40.830.460.711.020.52
Working Capital Days
Receivable Days35292834322635292725
Inventory Days64555559666576546182
Payable Days2317121110666611

Cheviot Company Ltd Stock News

Cheviot Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cheviot Company on 11-Oct-2024 13:12 is ₹1,323.9.
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 11-Oct-2024 13:12 the market cap of Cheviot Company stood at ₹778.2.
The latest P/E ratio of Cheviot Company as of 11-Oct-2024 13:12 is 9.85.
The latest P/B ratio of Cheviot Company as of 11-Oct-2024 13:12 is 1.52.
The 52-week high of Cheviot Company is ₹1,651 and the 52-week low is ₹1,151.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cheviot Company is ₹441.5 ( Cr.) .

About Cheviot Company Ltd

Cheviot Company (CCL) was incorporated on December 27, 1897 as Delta Jute Mills Company Limited (DJML). Subsequently, the name of DJML was changed to Budge Budge Amalgamated Mills Limited(BBAML), whose name was further changed to Cheviot Company Limited(CCL).

The company is engaged in the manufacturing of Sacking bags(for packing Food grains),Sacking Cloth, Hessian cloth & Bags,Decorative Fabrics - Jute and Jute blendedYarn of 3lbs to 36lbs,100% Jute and also Jute blended with other Textile fibres.

The company is the part of Cheviot Group of companies. The group has marked its presence in jute, yarn, tea and leather segment.

The Jute Mill of the Company is located at 19, Mehta Road, Budge Budge in District 24 Parganas of West Bengal. CCL has been a producer of traditional jute products like sacking and hessian. It is to the credit of the Company that while in the 1980s many jute companies fared quite indifferently, the Company managed to retain a healthy growth and went ahead with the modernization of their manufacturing facilities.

A new unit was set up at Ghaziabad in Uttar Pradesh in 1986 for the manufacture of HDPE/PP laminated and unlaminated woven sacks and fabrics. The nineties saw the manufacture of high-value diversified yarns and fabrics. Fine yarns are exported to Belgium, U.K., Germany, U.S.A., Holland and other countries. In 1993 the Company expanded its manufacturing faciities to include special quality yarns.

In 1996, the company set up a 100% EOU near its said jute unit at Budge Budge for the manufacture of jute specility fabrics.

Again in March’03 the company set up another 100% EOU unit at Sector II, Falta Export Processing Zone, Falta, West Bengal, adding another feather to its cap, for its increasing focus on exports. CCL today has emerged as one of the leading manufactures and exporters of fine jute yarn.

The Cheviot Company Limited was accorded Export House status in 1995, exports constituting 70% of its turnover. It was awarded ISO 9002 Certification by the Bureau of Indian Standards in 1996, signifying consistently high quality of its products. It was commissioned as an Export Oriented Unit in 1997. Cheviot has now carved a niche for itself in the non-traditional and high value market segments.

The company focuses on Export which constitute more than 70% of its total turnover.

Future plans

Cheviot Company Ltd. is planning diversifications into non-jute products in a bid to overcome losses accrued through its jute businesses. The company will also be looking at more non-traditional jute products as part of its future diversified product mix.

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