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Provogue (India) Ltd. Stock Analysis

Small Cap
Evaluated by 448 users | BSE: 532647 | NSE: PROVOGE |
Textile
Provogue was incorporated on November 1997 as Acme Clothing. It is engaged in retailing of apparels and accessories in men and women segment. The company launched its brand ‘Provogue’ in March 1998.The name was changed to present one on March 2005. Company’s brands are...

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 4.69%6.02%5.25%4.63%3.48%-6.92%-24.46%-30.78%-70.41%-22.7%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 48156561054161454542321491.872.6
Y-o-Y Gr. Rt.-17.6%7.8%-11.3%13.6%-11.2%-22.4%-49.6%-57%-20.9%
Adjusted EPS (Rs.) 2.43.412.221.240.31-7.22-16.79-7.71-9.6-2.36
Y-o-Y Gr. Rt.-42.1%-34.9%-44.1%-75%-2429%NANANANA
Book Value per Share (Rs.) 61.4464.0748.0549.0649.1542.3225.98.89-0.58-3.29
Adjusted Net Profit 27.53925.414.23.5-82.6-192-180-224-55
Net Op. Cash Flow (Rs. Cr.) -44.2-10.817.839.2-14.644.817.210.61.80.2
Debt to Cash Flow from Ops -4.97-22.7516.767.16-19.56.0717.0220.3987.73824.85
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.
Provogue (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -18.9%-34.8%-44.4%-20.9%
Adjusted EPS -199.8%-250.1%NANA
Book Value per Share -172.2-158.2-150.30
Share Price -31.3% -29% -48.2% 29.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 3.945.443.952.560.62-15.8-49.22-71.46-231.12121.57
Operating Profit Margin (%) 10.4712.829.8111.139.28-7.83-35.73-69.04-133.9-1.75
Net Profit Margin (%) 5.716.94.162.630.57-15.15-45.34-84.29-244.12-75.7
Debt to Equity 0.310.340.540.50.510.560.991.05-11.72-2.06
Working Capital Days 401408413485432469486660801489
Cash Conversion Cycle 202217237286281348385498515160
Entity Percentage Holding
Promoters 20.15%
Institutions 53.59%
Non-Institutions 26.26%
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 Provogue (India) Ltd.'s performance infers:

Provogue (India) Ltd. earnings have declined by -250.1%, whereas share price has depreciated -29% 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 Provogue (India) Ltd. share prices over the last 10 years. Here is what we found out:

Provogue (India) Ltd. share price has depreciated -34.1% annually over the past ten years.

Provogue was incorporated on November 1997 as Acme Clothing. It is engaged in retailing of apparels and accessories in men and women segment. The company launched its brand ‘Provogue’ in March 1998.

The name was changed to present one on March 2005.

Company’s brands are retailed through leading national chain stores such as Shopper's Stop, Lifestyle, Globus, Westside etc.

Provogue fashions and accessories were available across 124 Provogue stores and 104 national

Provogue was incorporated on November 1997 as Acme Clothing. It is engaged in retailing of apparels and accessories in men and women segment. The company launched its brand ‘Provogue’ in March 1998.

The name was changed to present one on March 2005.

Company’s brands are retailed through leading national chain stores such as Shopper's Stop, Lifestyle, Globus, Westside etc.

Provogue fashions and accessories were available across 124 Provogue stores and 104 national chain store locations.

The company has association with supermodels and stars namely John Abraham, Hrithik Roshan, Fardeen Khan, Saif Ali Khan and Esha Deol as their brand ambassadors.

Prozone Enterprises a subsidiary which is engaged in the process of developing properties for commercialpurposes including development of shopping malls. Beside this company owns 19 subsidiaries namely Prozone Enterprise, Castle Mall, Hagwood Commercial Developers, Sporting and Outdoor Ad-Agency, Probrand Enterprises, Millennium Accessories are among others.

The company owns Promart a division is retail store that offers consumers their favourite brands at reasonable price.

Awards

Provogue was Lycra IFA Winner as ‘Most Admired Fashion Forward Brand of the year’ in 2005.

The company received DFU’s inside Fashion brand award for excellence in retail performance for the year 2004

The company received Golden Scale Award for the Best Brand in Apparel by CMAI in 2004.

Outlook

The company plans to invest a Rs 90 crore for its expansion plan. Provogue plans to set up 10 new Promart stores in tier 2 cities.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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