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Meyer Apparel Ltd. Stock Analysis

Small Cap
Evaluated by 50 users | BSE: 531613 | NSE: |
Textile
GIVO set up with technical and financial collaboration of Marzotto Spa of Italy supplies industrially manufactured classic men's wear, using state of art equipment imported from Europe. GIVO underwent a twelve Month technical training in advance of launching into full production in 1996,...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed -2.36%2.4%2.28%1.25%1.43%0.3%-143.18%21.68%33.62%14.83%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 11.818.718.916.82123.4292111.78.6
Y-o-Y Gr. Rt.-58%1.1%-11.3%25.2%11.4%24%-27.7%-44%-26.8%
Adjusted EPS (Rs.) -0.20.070.070.030.02-0.03-1.73-0.24-0.5-0.29
Y-o-Y Gr. Rt.-NA0%-57.1%-33.3%-250%NANANANA
Book Value per Share (Rs.) 2.743.523.593.623.653.23-1.1-1.24-1.78-2.07
Adjusted Net Profit -1.20.60.60.20.2-0.2-14-2-4-2.3
Net Op. Cash Flow (Rs. Cr.) -1.63.83.8-0.9-0.43.61.4-6.4-2.5-0.8
Debt to Cash Flow from Ops -10.440.960.79-4.17-12.360.40.35-0.08-0.14-0.17
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.
Meyer Apparel Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -3.5%-16.4%-33.3%-26.8%
Adjusted EPS NA-270.7%NANA
Book Value per Share -196.9-189.300
Share Price -14.3% -30.6% -42.3% 27.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -4.92.492.050.760.67-0.84-160.9520.9633.4515.16
Operating Profit Margin (%) -12.346.846.890.391.6-0.640.99-9.49-40.73-21.45
Net Profit Margin (%) -9.772.963.111.320.94-1-48.14-9.33-34.32-27.17
Debt to Equity 1.050.130.10.130.150.06-0.06-0.05-0.02-0.01
Working Capital Days 807483410453414356242322506598
Cash Conversion Cycle 6342327797959885163279271
Entity Percentage Holding
Promoters 74.32%
Institutions 0.43%
Non-Institutions 25.25%
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 Meyer Apparel Ltd.'s performance infers:

Meyer Apparel Ltd. earnings have declined by -270.7%, whereas share price has depreciated -30.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

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

Meyer Apparel Ltd. share price has depreciated -17.7% annually over the past ten years.

GIVO set up with technical and financial collaboration of Marzotto Spa of Italy supplies industrially manufactured classic men's wear, using state of art equipment imported from Europe. 

GIVO underwent a twelve Month technical training in advance of launching into full production in 1996, with Italian technicians on hand to supervise training and the setting up of quality assurance procedures in the company. 

GIVO has set it its
GIVO set up with technical and financial collaboration of Marzotto Spa of Italy supplies industrially manufactured classic men's wear, using state of art equipment imported from Europe. 

GIVO underwent a twelve Month technical training in advance of launching into full production in 1996, with Italian technicians on hand to supervise training and the setting up of quality assurance procedures in the company. 

GIVO has set it its own grounds and the factory building, a standalone structure with impressive gardens in front and a vast expanse of lawns engenders pride in the workplace, and offers a safe and healthy working environment to Givo workers. 

Perfection cannot be achieved without practice. Training and continuous up-gradation of know-how has been one of the key focus areas of Givo. A permanent training center has been set up within the factory complex at Gurgaon to provide extensive operational know-how to the grass root shop floor operators. Not only does this center impart skills to the operators, but it also serves as a center for further R&D activities that would improve upon and generate new technologies suited to the global garment industry.

The Thakral Group of Singapore, which has interests in fabric, electronics and hotels, hold 50 per cent of Givo’s equity, the public holds 25 per cent, FIIs 15 per cent and the remaining 10 per cent by Marzotto of Italy, which is also a technical collaborator.

The GIVO's production unit Located within close vicinity of New Delhi has the capacity to produce 600 jackets and 800 pairs of trousers in a single eight Hour shift. 

Givo Exports a major portion of its production to USA, Canada, Europe & Middle East.

Product range of the company includes:

It is involved in manufacturing, selling and exporting readymade garments. The company produces 600 jackets and 800 pairs of trousers in a single eight hour shift. It sources fabrics from all over the world, including Italy, Japan and South Korea, apart from tie-ups with the Indian mills.
  • Jackets
  • Suits
  • Trousers
  • Shirts
  • For very upscale consumers, Givo Ltd has brand  called Principe, which sells in the price bracket of Rs 15,000-Rs 25,000 per suit.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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