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1. Is Virat Industries Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Virat Industries Ltd is a average quality company.
2. Is Virat Industries Ltd undervalued or overvalued?
The key valuation ratios of Virat Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
3. Is Virat Industries Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Virat Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 21.7% | 23.7% | 14.8% | 19.9% | 17.3% | 12.5% | 3.4% | 5.7% | 2.3% | 5.1% | - | ||
| Value Creation Index ⓘ | 0.6 | 0.7 | 0.1 | 0.4 | 0.2 | -0.1 | -0.8 | -0.6 | -0.8 | -0.6 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 20.7 | 21.6 | 20.5 | 25.8 | 25.7 | 34.1 | 24.1 | 26.4 | 19.6 | 24.7 | 35 | ||
| YoY Gr. Rt. % | - | 4.5% | -5.1% | 25.4% | -0.3% | 32.8% | -29.2% | 9.3% | -25.9% | 26.1% | - | ||
| Adj EPS ⓘ | 4.5 | 6 | 4.1 | 5.9 | 5.9 | 5.1 | 1.3 | 2.5 | 1 | 2.4 | 3 | ||
| YoY Gr. Rt. % | - | 33.8% | -31.6% | 42.5% | 0.9% | -14.7% | -73.7% | 84.2% | -59.6% | 141.4% | - | ||
| BVPS (₹) ⓘ | 20.5 | 25 | 27 | 30.1 | 37.5 | 41.5 | 41.1 | 44.1 | 45.8 | 48.5 | 49.6 | ||
| Adj Net Profit ⓘ | 2.2 | 3 | 2 | 2.9 | 2.9 | 2.5 | 0.7 | 1.2 | 0.5 | 1.2 | 1 | ||
| Cash Flow from Ops. ⓘ | 2.2 | 2 | 4 | 5.2 | 1.7 | 1.6 | 3.2 | 1.5 | 4.2 | 0.1 | - | ||
| Debt/CF from Ops. ⓘ | 0.6 | 1 | 0.2 | 0.1 | 0.3 | 1.3 | 0.2 | 1 | 0.1 | 4.9 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 2% | -0.8% | 0.7% | 26.1% | ||||||||
| Adj EPS ⓘ | -6.8% | -16.6% | 21.6% | 141.4% | ||||||||
| BVPS ⓘ | 10.1 | 5.3 | 5.7 | 5.9 | ||||||||
| Share Price | 27.8% | 5.2% | 117.7% | 25.4% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 23.6 | 26.5 | 15.8 | 20.6 | 17.5 | 12.8 | 3.2 | 5.8 | 2.2 | 5.1 | 6.1 | |
| Op. Profit Mgn % ⓘ | 18 | 23.7 | 17.6 | 20 | 19.9 | 15.1 | 12.2 | 12.1 | 10.7 | 11.7 | 8 | |
| Net Profit Mgn % ⓘ | 10.7 | 13.7 | 9.9 | 11.2 | 11.4 | 7.3 | 2.7 | 4.6 | 2.5 | 4.8 | 4.2 | |
| Debt to Equity ⓘ | 0.1 | 0.2 | 0.1 | 0.1 | 0 | 0.1 | 0 | 0.1 | 0 | 0 | - | |
| Working Cap Days ⓘ | 117 | 166 | 218 | 169 | 186 | 149 | 198 | 184 | 244 | 203 | 0 | |
| Cash Conv. Cycle ⓘ | 64 | 80 | 93 | 58 | 67 | 65 | 98 | 113 | 169 | 145 | 0 | |
Return on Equity has increased versus last 3 years average to 6.10%
Net Profit is growing at healthy rate in last 3 years 21.58%
Sales growth is good in last 4 quarters at 55.60%
Sales growth has been subdued in last 3 years 0.73%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3 | - |
| TTM Sales (₹ Cr.) | 34.6 | - |
| BVPS (₹.) ⓘ | 49.6 | - |
| Reserves (₹ Cr.) ⓘ | 20 | - |
| P/BV ⓘ | 4.23 | - |
| PE ⓘ | 70.72 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 135.10 / 282.60 |
| All Time Low / High (₹) | 0.45 / 282.60 |
| Market Cap (₹ Cr.) | 103 |
| Equity (₹ Cr.) | 4.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 22.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Virat Industries (VIL), is a public company, quoted on the Indian stock markets. VIL is a 100% Export Oriented Unit (EOU) manufacturing excellent quality socks for export, mainly to the European markets.
The company started its operations in 1995 and has successfully completed more than a decade in socks business. The socks are manufactured on the latest computerized electronic knitting machines by Lonati,Matec & Sangiacomo Italy supported with balancing equipment from Spain and other European markets.
Production capacity is normally based on size, design and style of socks. As per the prevalent pattern of production, the production capacity of VIL is estimated at 3.5 million pairs per annum.
Virat's factory is situated at the GIDC (Gujarat Industrial Development Corporation) Industrial Estate, Navsari, Gujarat. It is located adjacent to the National Highway No. 8, connecting Mumbai. Navsari, an industrial town, situated equidistant between two of the largest industrial cities in India namely MUMBAI (233 KM) and AHMEDABAD (260 km).
The factory was designed and engineered by Gherzi Textil Organisation, Switzerland and their Associates Gherzi Eastern Mumbai, India. VIL commenced production in November 1995 The project cost was around Rs. 85 million.
Product range of the company includes:
Virat plays the role of a contract manufacturer who supplies socks against specific orders. Socks are manufactured in cotton, cotton/viscose, wool, acrylic, wool/cashmere, wool/silk, cotton/silk.
John Lewis, House of Fraser, TK Maxx, Next, Fatface in the UK, Migros in Switzerland and Shoe Mart in the Middle East. The company is also an approved supplier to the Levis + Dockers brands in India.
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