Cheviot Company Ltd - Stock Valuation and Financial Performance

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

Cheviot Company Share Price

1,250 0.75 0.06%
as on 28-Mar'24 16:01

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):
11.07
Market Cap:
754.9 Cr.
52-wk low:
966
52-wk high:
1,626.5

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 average 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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.1%8.1%8.7%10.4%10.8%9.4%8.1%11.5%12.8%9.8%-
Value Creation
Index
-0.5-0.4-0.4-0.3-0.2-0.3-0.4-0.2-0.1-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 278267343394376395458396571564475
Sales YoY Gr.--4.1%28.5%14.7%-4.4%4.9%16.1%-13.6%44.3%-1.3%-
Adj EPS 34.641.950.769.681.880.276.8120.9132.192.8113.3
YoY Gr.-20.8%21.2%37.2%17.6%-2%-4.2%57.4%9.3%-29.8%-
BVPS (₹) 391.8428.5469.1566.6632.1712.1728.6844.1743.6775.2841.3
Adj Net
Profit
23.428.334.347.152.951.849.775.879.555.868
Cash Flow from Ops. 14.323.21131.238.519.640.134.85655-
Debt/CF from Ops. 0.90.61.10.40.200.10.30.10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.2%8.4%7.2%-1.3%
Adj EPS 11.6%2.6%6.5%-29.8%
BVPS7.9%4.2%2.1%4.2%
Share Price 19.7% 13.6% 20.1% 27.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.38.28.910.610.99.3811.612.99.914
Op. Profit
Mgn %
12.410.913.111.114.714.512.513.214.411.911.3
Net Profit
Mgn %
8.410.6101214.113.110.819.113.99.914.4
Debt to
Equity
0.10.100000000-
Working Cap
Days
11211910210211211911614310210174
Cash Conv.
Cycle
78867376869287107808462

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.00%

Sales growth has been subdued in last 3 years 7.16%

Net Profit has been subdued in last 3 years 6.50%

Sales growth is not so good in last 4 quarters at -19.61%

Latest Financials - Cheviot Company Ltd.

Standalone Consolidated
TTM EPS (₹) 113.3 -
TTM Sales (₹ Cr.) 475 -
BVPS (₹.) 841.3 -
Reserves (₹ Cr.) 500 -
P/BV 1.49 -
PE 11.07 -
From the Market
52 Week Low / High (₹) 966.00 / 1626.45
All Time Low / High (₹) 7.11 / 2055.55
Market Cap (₹ Cr.) 755
Equity (₹ Cr.) 6
Face Value (₹) 10
Industry PE 27.9

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales278267343394376395458396571564
Operating Expenses 244240298350321340405344491499
Manufacturing Costs41404648495057445158
Material Costs131135183217188197249223328325
Employee Cost 54475764686976587078
Other Costs 17181221172423194238
Operating Profit 35274544555553528164
Operating Profit Margin (%) 12.4%10.1%13.1%11.1%14.7%13.8%11.6%13.2%14.1%11.4%
Other Income 9221331242213462612
Interest 1111110000
Depreciation 6668444544
Exceptional Items 1101000000
Profit Before Tax 384251667472629310271
Tax 1181517202114172217
Profit After Tax 27353649545048767954
PAT Margin (%) 9.6%13.0%10.6%12.6%14.4%12.7%10.5%19.1%13.9%9.7%
Adjusted EPS (₹)39.651.153.973.183.677.674.4120.8131.990.5
Dividend Payout Ratio (%)25%22%21%1%1%1%65%145%46%30%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 333357418475500612623682553573
Share Capital 5555466666
Reserves 328352414470496605617676547567
Minority Interest0000000000
Debt13141313515886
Long Term Debt0000110000
Short Term Debt13141313504876
Trade Payables9895654465
Others Liabilities 20191126344745453938
Total Liabilities 375398451519545665676739606622

Fixed Assets

Gross Block269271309321322396401399331388
Accumulated Depreciation152159164171174177181183183184
Net Fixed Assets117112145150148218219216148204
CWIP 00101142632375
Investments 159193187246265278256322232258
Inventories494559606180828288100
Trade Receivables27253031383234424934
Cash Equivalents 8881211172113249
Others Assets14152021202538322813
Total Assets 375398451519545665676739606622

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 14231131382040355655
PBT 384251667472629310271
Adjustment 0-11-4-20-17-14-3-41-18-6
Changes in Working Capital -14-1-21-0-1-15-3-2-48
Tax Paid -10-7-15-15-18-23-16-15-24-18
Cash Flow From Investing Activity -9-1511-290-14-3-23113-22
Capex -7-2-6-10-3-14-14-7-3-24
Net Investments -6-268-30-10-92-26106-8
Others 4141011139910119
Cash Flow From Financing Activity -7-8-210-39-6-35-19-164-38
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000100000
Interest Paid -1-1-1-1-1-10000
Dividend Paid -7-7-15000-320-110-36
Others 10-51-39-5-3-18-54-2
Net Cash Flow -1012-102-75-6
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.4812.4612.0114.1213.6511.5410.3315.1416.2511.92
ROCE (%)14.5314.8216.3518.4618.4516.5113.2818.4420.615.48
Asset Turnover Ratio0.770.70.810.810.710.650.680.560.850.92
PAT to CFO Conversion(x)0.520.660.310.630.70.40.830.460.711.02
Working Capital Days
Receivable Days32352928343226352927
Inventory Days60645555596665765461
Payable Days2723171211106666

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 28-Mar-2024 16:01 is ₹1,250.
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 28-Mar-2024 16:01 the market cap of Cheviot Company stood at ₹754.9.
The latest P/E ratio of Cheviot Company as of 28-Mar-2024 16:01 is 11.07.
The latest P/B ratio of Cheviot Company as of 28-Mar-2024 16:01 is 1.49.
The 52-week high of Cheviot Company is ₹1,626.5 and the 52-week low is ₹966.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cheviot Company is ₹474.8 ( 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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