E-Land Apparel Ltd - Stock Valuation and Financial Performance

BSE: 532820 | NSE: ELAND | Textile | Small Cap

E-Land Apparel Share Price

15.20 0.00 0.00%
as on 21-Oct'24 16:01

DeciZen - make an informed investing decision on E-Land Apparel

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E-Land Apparel stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
73 Cr.
52-wk low:
6.5
52-wk high:
16.5

Is E-Land Apparel Ltd an attractive stock to invest in?

1. Is E-Land Apparel Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that E-Land Apparel Ltd is a below average quality company.

2. Is E-Land Apparel Ltd undervalued or overvalued?

The key valuation ratios of E-Land Apparel Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is E-Land Apparel Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of E-Land Apparel 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 E-Land Apparel:

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.
E-Land Apparel Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -6%-12.8%-69.2%0%0%0%0%0%0%0%-
Value Creation
Index
NANANANANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 175235215184172149121178230215237
Sales YoY Gr.-34%-8.2%-14.8%-6.3%-13.2%-18.8%46.5%29.7%-6.5%-
Adj EPS -10.2-4.3-16.7-11.1-8.7-11-11.1-7.8-8-8.3-6
YoY Gr.-NANANANANANANANANA-
BVPS (₹) -42.3-46.7-20.4-48.9-65.4-76.3-87.3-93.2-95.5-103.9-103.1
Adj Net
Profit
-49.1-20.5-79.9-53.4-41.7-52.8-53.4-37.4-38.5-39.9-29
Cash Flow from Ops. -21.9-2.962.122217.514.34.8154.517.7-
Debt/CF from Ops. -15.1-114.42.10.12310.62.910.32.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.3%4.6%21.1%-6.5%
Adj EPS NANANANA
BVPSNANANANA
Share Price 1.8% 36.1% 51.8% 64.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
3611.756.332.115.415.913.998.88.35.8
Op. Profit
Mgn %
-15-6.9-20-12.1-2.4-1.8-4.436.75.66.2
Net Profit
Mgn %
-28-8.7-37.1-29.1-24.3-35.4-44.1-21-16.7-18.5-12.2
Debt to
Equity
-1.6-1.5-1.3-0-0.1-0.1-0.1-0.1-0.1-0.1-
Working Cap
Days
3542131861591231251421139710265
Cash Conv.
Cycle
124976836919271291731

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 21.12%

Return on Equity has declined versus last 3 years average to 5.80%

Sales growth is not so good in last 4 quarters at 7.45%

Latest Financials - E-Land Apparel Ltd.

Standalone Consolidated
TTM EPS (₹) -6 -
TTM Sales (₹ Cr.) 237 -
BVPS (₹.) -103.1 -
Reserves (₹ Cr.) -543 -
P/BV -0.15 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 6.54 / 16.49
All Time Low / High (₹) 2.87 / 114.90
Market Cap (₹ Cr.) 73
Equity (₹ Cr.) 48
Face Value (₹) 10
Industry PE 29.1

Management X-Ray of E-Land Apparel:

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 E-Land Apparel

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
Sales175.03234.55215.34183.50172.02149.35121.22177.58230.25215.39
Operating Expenses 202.33250.92258.72205.86176.19152.29126.51172.67216.71203.51
Manufacturing Costs32.3142.9436.0927.1321.6022.5018.6930.5338.6335.67
Material Costs80.28108.11113.7793.9080.156353.6981.28105.6992.33
Employee Cost 54.8265.8066.4861.3952.5354.1740.6745.1753.9158.10
Other Costs 34.9234.0742.3823.4321.9212.6113.4615.6818.4917.41
Operating Profit -27.30-16.37-43.38-22.36-4.17-2.94-5.294.9113.5411.89
Operating Profit Margin (%) -15.6%-7.0%-20.1%-12.2%-2.4%-2.0%-4.4%2.8%5.9%5.5%
Other Income 6.534.120.904.554.053.133.285.422.157.11
Interest 4.143.8334.0722.4139.4548.2346.8146.5450.9653.92
Depreciation 2.652.593.662.091.944.394.183.834.604.90
Exceptional Items 14.3000-36.1100011.4400
Profit Before Tax -13.26-18.67-80.21-78.42-41.52-52.43-53-28.60-39.86-39.83
Tax 25.77000000000
Profit After Tax -39.02-18.67-80.21-78.42-41.52-52.43-53-28.60-39.86-39.83
PAT Margin (%) -22.3%-8.0%-37.2%-42.7%-24.1%-35.1%-43.7%-16.1%-17.3%-18.5%
Adjusted EPS (₹)-8.1-3.9-16.7-16.3-8.7-10.9-11.0-6.0-8.3-8.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund -164.15-185.81-98.04-234.73-306.45-358.58-411.37-418.55-458.48-498.53
Share Capital 47.9947.9947.9947.9947.9947.9947.9947.9947.9947.99
Reserves -212.14-233.80-146.03-282.72-354.44-406.57-459.37-466.54-506.47-546.52
Minority Interest0000000000
Debt330.63327.46128.0210.0135.0543.1251.5243.8246.4449.01
Long Term Debt295.43293.6193.4210.0135.0542.7851.4741.5046.4449.01
Short Term Debt35.2033.8534.60000.340.042.3200
Trade Payables20.0732.0541.4036.0530.2820.9628.7833.7631.0828.87
Others Liabilities 36.5417.7183.80300.33356.32413.65452.68501.81535.86598.12
Total Liabilities 223.10191.41155.18111.66115.19119.15121.61160.83154.91177.48

Fixed Assets

Gross Block62.2277.2648.6348.8248.2260.0459.9497.2895.5637.61
Accumulated Depreciation15.6018.723.134.916.229.1611.578.5510.6711.52
Net Fixed Assets46.6158.5545.5143.9041.9950.8848.3788.7384.8926.08
CWIP 0.500001.1917.2720.0600.130
Investments 0.090.090.380.240.190.140.370.150.120.01
Inventories43.7044.6030.3821.9616.3915.8216.3223.0117.2919.13
Trade Receivables44.3944.5637.4923.0519.3716.7618.2519.8023.0625.40
Cash Equivalents 26.258.6011.505.6117.492.506.697.8511.8417.14
Others Assets61.553529.9216.9018.5615.7711.5421.3017.5889.72
Total Assets 223.10191.41155.18111.66115.19119.15121.61160.83154.91177.48

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -21.86-2.8662.11222.3917.5314.344.8414.994.5317.72
PBT -13.26-18.67-80.21-78.42-41.52-52.43-53-28.60-39.92-39.83
Adjustment 09.2755.2560.5046.1351.7550.7249.0956.1658.81
Changes in Working Capital -11.656.8687.2240.0712.9215.027.12-5.49-11.71-1.27
Tax Paid 3.04-0.33-0.130.24000000
Cash Flow From Investing Activity 42.569.239.0717.3610.41-17.73-3.62-2.84-0.74-6.08
Capex 44.702.829.5611.97-0.76-18.17-3.89-3.07-0.85-4.20
Net Investments 00-15.0510.780.260.2000-3
Others -2.146.400.510.350.390.180.070.230.111.13
Cash Flow From Financing Activity -11.49-18.54-69.23-240.57-25.04-1.093.17-10.990.20-9.34
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -3.93-3.83-4.59-4.320-0.40-0.27-0.47-0.91-1.26
Dividend Paid 0000000000
Others -7.55-14.70-64.64-236.25-25.04-0.683.44-10.521.10-8.09
Net Cash Flow 9.21-12.171.95-0.822.90-4.474.391.163.992.29
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.731.131.261.381.521.271.011.261.461.3
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days91696960454453393441
Inventory Days72696352413948403231
Payable Days8688118151151148169140112119

E-Land Apparel Ltd Stock News

E-Land Apparel Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of E-Land Apparel on 21-Oct-2024 16:01 is ₹15.20.
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 21-Oct-2024 16:01 the market cap of E-Land Apparel stood at ₹72.95.
The latest P/E ratio of E-Land Apparel as of 21-Oct-2024 16:01 is 0.00.
The latest P/B ratio of E-Land Apparel as of 21-Oct-2024 16:01 is -0.15.
The 52-week high of E-Land Apparel is ₹16.49 and the 52-week low is ₹6.54.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of E-Land Apparel is ₹237.1 ( Cr.) .

About E-Land Apparel Ltd

Mudra Lifestyle Limited, a Mudra group company was originally incorporated as Bombay Fine Fabrics Private Limited on March 31, 1997. The name of the company was changed to Mudra Textiles Private Limited with effect from October 10, 2001, to Mudra Textile Limited with effect from. December 1, 2005 and was further changed to Mudra Lifestyle Limited on December 2, 2005.

Murarilal B Agrawal, Ravindra B Agarwal,and Vishwambharlal K Bhoot are the founders of the Mudra group. The group started its business in 1986 in women fabric. In 1997 Mudra Lifestyle was incorporated to carry on the same business. In October 2004, with a view to consolidate business of the Group, East Coast Polytex, a Partnership Firm in the Group engaged in the business of weaving and two other Partnership Firms viz Mudra Exports (India) and Mudra Impex engaged in the business of Garmenting were taken over by Mudra Lifestyle Limited. Further w.e.f April 01, 2005 Picanova Fabrics Private Limited, Mudra Synthetics Private Limited and Venus Processors Private Limited were amalgamated with the Company.

Mudra Lifestyle Limited  made an Initial Public Offer of 9,580,000 equity shares ef Rs. 10 each at a premium of Rs. 88 per share i.e. at a price of Rs. 90 per share for cash aggregating Rs 862.20 million comprising reservation of 4,79,000 equity shares for eligible employees an a competitive basis. Net offer to the public of 9,101,880 equity shares. The Issue opened for subscription on February 8, 2007 and closed for subscription on February 14, 2007.

Mudra Lifestyle boasts of one of the most modern processing and finishing houses in India. We have facilities spread over 9 units. Its state-of-art machinery includes Sulzer, Picanol, Rapier, Vematex & Somet looms. It also has two computer aided design studios to develop numerous designs every day. It has the installed capacity to weave over 12 million metres of grey cloth, process around 30 million metres of grey fabric and make over 1.5 million pieces of garments.

At present the company has 177 automatic looms producing approximately 10.62 million meters of woven fabric per annum and 700 sewing machines with production capacity of 3.15 million garments per annum. Our manufacturing facilities, having area of around 165,888 square feet, are spread across five locations at Bhiwandi (Kalher and Sonale) in Thane district, Bangalore, Daman and Navi Mumbai. Manufacturing facilities are fully backed by the facilities for product development, design studio and efficient sampling infrastructure to provide quality services to its customers in India and abroad.

Product range of the company include:

  • Finished fabric- Mudra Lifestyle develops trendiest designs of fabrics for Shirtings and suitings at its state of the art design studio. The fabrics are then woven using most modern technologies and undergo specialised treatments and processes to provide durability and comfort to the wearer.  It develops trendiest designs of fabrics for shirts, skirts and women's dresses at its state of the art design studio. Special attention is paid to see that kid's fabrics are made durable to withstand the tough wear & tear. 
  • Garments  - Mens Wear -Shirts  - Ladies Wear – Tops, Skirts  - Kids Wear

Different divisions of the company:

  • Weaving Unit- With the use of advanced and sophisticated weaving procedures, Mudra has an excellent translation result of fibre into fabric. The units are equipped with state-of-the-art Sulzer Projectiles, Picanol, Rapier and Vamatex Looms with Electronic Dobby ideally located within the vicinity of Mumbai.
  • Processing Unit- Processing includes Grey Inspection, Singeing, Desizing, Mercerization, Continuous Bleaching, Stenter Finishing, Sanforizing, Calendering, Folding and Quality Inspection. Mudra’s multi-dimensional processing capability begins with quality dyeing, processing and finishing of yarn with a wide range of finishes like Teflon, Hydro-phobic, Hydro-philic, Brushing & Peaching. Mudra’s well-equipped plant can handle upto 2.4 million meters per month of dyeing and finishing of cotton and blenched fabric.
  • Readymades- Mudra has entered into the segment of Garment manufacturing with the aim to integrate its activities. It has garment manufacturing plants in Bangalore and Daman, India. The unit houses has high-tech automated machines, which includes automatic cutting, steam ironing, fusing, high-tech stitching, inter-locking and button stitching for complete garment processing. With an annual capacity of 3.15 million garments, Mudra offers high quality garments for buyers in over 30 countries worldwide. It caters to national brands like Raymonds and Arvind Mills. Some of the international houses Mudra is associated with are Wal-Mart and its brands, like Weekends, George, Non stop, Metropolis and other brands like Tricos, American Juliet & Liver Pool.

Milestones of the company:

  • 1986 The Group commenced the business of woven fabric
  • 1993 East Coast Polytex was formed to start manufacturing facilities for woven fabric at Daman
  • 1997 Mudra Exports (India) was formed to export woven fabric and garment. Mudra Lifestyle Limited was incorporated for undertaking business of woven fabrics.         Mudra Synthetics Private Limited was incorporated for undertaking business of woven fabrics at Sonale in Thane District.
  • 1998 Picanova Fabrics Private Limited was incorporated for undertaking business of woven fabrics at Sonale in Thane District.
  • 2001 Mudra Impex was formed to start manufacturing facilities for garment at Daman and export the same. Acquisition of Venus Processors Private Limited engaged in Processing, printing and dyeing.
  • 2004 Takeover of partnership firms by Mudra Lifestyle LimitedStart of Garmenting Unit at Bangalore.
  • 2005 Awarded contract to Gherzi Eastern Limited for technical appraisal of the Expansion Project
  • 2006 Consolidation of group companies. The company sales cross Rs. 100 crore

Recent developments

Mudra Lifestyle’s weaving division's Mega Expansion Project (Phase I) has been completed and has commenced operation from March 19, 2009. The company has also started the work on Phase II of the project, including the civil work for Phase II, which will be operative in the month of September 2009.

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