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Cheviot Company Ltd. Stock Analysis

Small Cap
Evaluated by 490 users | BSE: 526817 | NSE: |
Textile
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.47%9.29%9.16%7.14%8.07%8.71%7.91%9.6%9.35%8.01%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 308295290278267343394376395458
Y-o-Y Gr. Rt.--4.3%-1.6%-4.1%-4.1%28.5%14.7%-4.4%4.9%16.1%
Adjusted EPS (Rs.) 37.3639.7941.6534.6441.8650.7853.0472.8180.1476.41
Y-o-Y Gr. Rt.-6.5%4.7%-16.8%20.8%21.3%4.5%37.3%10.1%-4.7%
Book Value per Share (Rs.) 297.65330.24363.93391.84428.51469.05566.16631.58711.76728.19
Adjusted Net Profit 25.326.928.223.428.334.435.947.151.849.4
Net Op. Cash Flow (Rs. Cr.) 21.923.132.114.323.21131.238.519.640.1
Debt to Cash Flow from Ops 0.680.640.350.930.611.140.430.150.040.12
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Cheviot Company Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.5%11.4%5.2%16.1%
Adjusted EPS 8.3%12.8%12.9%-4.7%
Book Value per Share 10.511.28.82.3
Share Price 15.4% 2.1% -5.8% -1.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 9.779.599.37.258.218.878.049.669.328
Operating Profit Margin (%) 11.212.413.412.4110.9413.0611.0814.6914.4512.4
Net Profit Margin (%) 8.29.139.718.4210.6110.029.1212.5213.1310.79
Debt to Equity 0.070.070.050.050.050.040.040.0100.01
Working Capital Days 8198102112119102102112119116
Cash Conversion Cycle 58697178867376869287
Entity Percentage Holding
Promoters 74.99%
Institutions 0.16%
Non-Institutions 24.85%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Cheviot Company Ltd.'s performance infers:

Cheviot Company Ltd. earnings have grown by 12.8%, whereas share price has appreciated 2.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Cheviot Company Ltd. share prices over the last 10 years. Here is what we found out:

Cheviot Company Ltd. share price has appreciated 9.6% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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